Xi to meet Obama in California
President Xi Jinping will meet US President Obama in Rancho Mirage, California. The two heads of state "will review progress and challenges in US-China relations over the past four years and discuss ways to enhance co-operation", according to an official announcement. Xi's visit follows his first tour through Latin America as China's head of state and comes amid growing tension between the US and China following Obama's "Asia pivot" policy and China's territorial disputes in the South China Sea and East China Sea.
Bangladeshi workers join Wal-Mart protest
Sumi Abedin, a survivor of the recent deadly garment factory fire in Bangladesh, and former child labourer Kalpona Akter are to join Wal-Mart workers in a protest at the retail giant's annual meeting in the US state of Arkansas. The workers will demonstrate against Wal-Mart's work practices and buying policies, and call for better wages and working conditions. Public pressure for change has been growing since the collapse of the Rana Plaza building in Savar in April, which claimed the lives of 1,127 people.
Sandy Hook school faces rebuilding deadline
The Sandy Hook Elementary School in Connecticut, where 20 children and six adults were killed when gunman Adam Lanza went on a shooting rampage last December, faces a deadline to apply for reconstruction funds. A special task force of elected town officials recommended on May 10 demolishing the old school building, which has been shut since the massacre, and building a new one. The project is expected to take up to 21 months and cost around US$42 million. The rebuilt school is scheduled to retain its old name.
Buffett and 3G complete Heinz buyout
US billionaire Warren Buffett's Berkshire Hathaway company and Brazilian private equity firm 3G Capital are scheduled to buy food giant Heinz in the largest takeover deal in the history of the food industry. The US$23 billion deal was approved by the Heinz board on February 14 and shareholders on April 30. "The Heinz brand is one of the most respected brands in the global food industry and this historic transaction provides tremendous value to Heinz shareholders," said Heinz chairman, president and chief executive William Johnson.
Queen Elizabeth opens new BBC venue
Britain's Queen Elizabeth, accompanied by the Duke of Edinburgh, opens BBC's new Broadcasting House in Portland Place, London. BBC Television moved from its old headquarters at the BBC Television Centre in White City on March 18. The official opening follows a major renovation of Broadcasting House, aiming to refurbish the original building and construct a new east wing, named after the late British DJ John Peel.