Our editors will be looking ahead today to these developing stories ... Shanghai elects new leadership, congress delegates Shanghai's new Communist Party leadership will meet the media tomorrow when the city's party congress closes. The 810 delegates to attend the 18th Communist Party Congress in Beijing this autumn will also be elected during the congress. All eyes will be on Shanghai party chief Yu Zhengsheng (left), who is widely expected to be promoted to the top ruling body, the Politburo Standing Committee, at the 18th congress. The municipal party congress, which started on Friday, is also reviewing Yu's work report and an inspection report by the municipal party discipline committee. Trial could change lending business in Hong Kong Global Merchant Funding, set up to provide short-term, high-cost cash advances, faces trial in Eastern Court accused of lending money without a licence in a case that could change the lending business in Hong Kong. The company has pleaded not guilty to carrying on a business as a money lender without a licence. The trial is scheduled to run until Friday. Early birds may catch annular eclipse Skies permitting, early risers may witness a rare annular eclipse, the first to occur in more than half a century. The eclipse is expected to be in progress at sunrise and will last three minutes and 26 seconds. The last annular eclipse occurred in 1958. In an annular eclipse, because the moon does not fully obscure the sun, the sun appears as a bright ring around the outline of the moon at the height of the eclipse. Meetings focus on Iranian nuclear ambitions Renewed efforts to take the heat out of the dangerously escalating Iranian nuclear crisis face a stern test this week with two crunch meetings, first in Tehran today and then in Baghdad on Wednesday. In Tehran, International Atomic Energy Agency head Yukiya Amano, in his first visit as director general, will press Iran for closer co-operation to relieve long-held suspicions of a covert nuclear weapons programme. But a perhaps more important gathering comes on Wednesday in Baghdad when Iranian officials meet counterparts from the P5+1 world powers - Britain, China, France, Russia, the United States, and Germany - plus the European Union. Ceremony returns Sunbeam Theatre to opera lovers The Sunbeam Theatre, the city's leading Cantonese opera venue for 40 years, reopens with a ceremony to be attended by chief executive-elect Leung Chun-ying. The North Point venue was saved from closure at the last minute when its chairman, Li Kui-ming, signed a four-year lease in February. Li has said he wants to make the theatre the 'Broadway of the East'. South Korea, Japan and US meet to discuss North South Korea's chief nuclear envoy, Lim Sung-nam, meets his American and Japanese counterparts in Seoul to discuss affairs on the Korean peninsula following North Korea's April 13 long-range rocket launch, a violation of United Nations resolutions. The US delegation will be led by Glyn Davies, the special representative for North Korea policy. After the trilateral dialogue, Davies will travel to Beijing to meet China's special representative for Korean peninsula affairs, Wu Dawei , and other senior Chinese officials tomorrow and on Wednesday.