While Wall Street mavens are still raking in the millions, New York City is no longer the world's top financial center. That honor is now London's, according to an index just released by the Geneva-based World Economic Forum (WEF).

U.S. first lady Michelle Obama visited a cancer care facility in London Wednesday, where she joined the wife of British Prime Minister Gordon Brown in celebrating the first anniversary of the center.

On Thursday, Michael Jackson, in front of a crowd of screaming fans, announced that after eight years of pretty much nothing, he is about to launch a farewell tour. He said the series of shows in July at London's O2 Arena will be his "final curtain call."

There is a note on the website of the London City Airport, which informs of the airport closing "due to incident." Skye TV reports crash landing of British Airways plane. Passengers are evacuated. All passengers survived.

According to a story reported by Reuters a Polish homeless woman, named Julia Kowalska, gave birth in a London subway station thus becoming the second person in history to give birth in the underground rail station, confirms the London's Transport Authority.

Building on the success of its internationally acclaimed approach to equity indexing, FTSE Group ("FTSE") has extended its Global Equity Index Series ("GEIS") to include coverage of the Frontier markets, alongside its existing Developed and Emerging market indices.

FTSE Group (FTSE), the global index company, in partnership with Coast Investment and Development Company (Coast) has licensed Lyxor AM to use the FTSE Coast Kuwait 40 Index as the basis of an Exchange Traded Fund (ETF) to be listed on the London Stock Exchange today.

JSE in partnership with FTSE Group , the global index provider, launched the FTSE/JSE Shariah Top 40 Index. The index will open up many opportunities for those interest in Shariah compliant investment, including the 850 000 strong South African Muslim community.

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Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE) are pleased to announce the launch today of a new index within the FTSE ST Index series.

FTSE Xinhua Index (FXI), the independent China index company, today announced the results of its quarterly index review. The changes will be effective after the close of business on Friday 18 July, 2008.