Business

• Exclusive: EU cites Chinese telecoms Huawei and ZTE for trade violations May 18, 2013
  NEW YORK (Reuters) - Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines. […]
• China April housing inflation quickens May 18, 2013
  BEIJING (Reuters) - China's housing inflation quickened in April, marking the fourth consecutive year-on-year rise and challenging policymakers who are trying to cool record home prices while supporting economic expansion. […]

UK

• Government launches investigation into two Serco, G4S contracts May 18, 2013
  LONDON (Reuters) - The government said on Friday it had hired a team of auditors to investigate whether it was overcharged on two contracts with outsourcing firms Serco and G4S. […]

World

• Germany's Merkel visits Pope, urges tougher market controls May 18, 2013
  VATICAN CITY (Reuters) - German Chancellor Angela Merkel met Pope Francis on Saturday and, apparently responding to his criticism of a heartless "dictatorship of the economy", called for stronger regulation of financial markets. […]