World Economic News Summary

The top world economic stories on Friday:
Germany-Europe-economy-growth
FRANKFURT: The eurozone's economic recovery is set to continue at a moderate pace in the coming months, driven by domestic demand, three of Europe's leading economic institutes predicted.
China-Britain-US-court-GSK
SHANGHAI: China will next month put on trial two foreign investigators linked to drugmaker GlaxoSmithKline, which is facing allegations of bribery, in a closed trial shut to relatives and diplomats, people familiar with the case said.
US-aviation-security-Europe-Mideast
PARIS: France boosted passenger screening at its airports, responding to a Washington request for extra security for US-bound flights over fears Islamist radicals could be plotting new attacks using hard-to-detect bombs.
China-SKorea-currency
SHANGHAI: China designated a clearing bank in Seoul for yuan transactions in South Korea, coinciding with a visit by President Xi Jinping, as Beijing promotes greater use of its currency overseas.
Germany-China-politics-diplomacy-economy-trade
BERLIN: German Chancellor Angela Merkel heads to China this weekend for her seventh visit, eager to deepen trade and investment ties between the export powerhouses of Europe and Asia.
Germany-industry-indicator-economy-orders
FRANKFURT: German industrial orders, a key measure of demand for goods both at home and abroad, were weighed down down in May by declining domestic orders, official data showed.
US-military-aerospace-industry
WASHINGTON: The United States military is grounding its entire fleet of F-35 fighter jets as it completes additional engine inspections following a fire aboard an aircraft in Florida last week.
Malaysia-company-energy-1MDB-IPO
KUALA LUMPUR: Sovereign wealth fund 1Malaysia Development Bhd has said it plans to raise more than $3 billion by listing its energy assets, in what would be the country's second biggest initial public offering, according to AFP.