Detroit on Thursday became the largest city in U.S. history to file for bankruptcy protection after decades of decline and mismanagement rendered the home of the nation's auto industry insolvent.

Once a bustling beacon of industrial might, the city is now a poster child for urban decay, its landscape littered with abandoned skyscrapers, factories and homes.

Finance ministers and central bankers from G20 countries meet in Moscow for a two-day meeting on Friday seeking to intensify the battle against tax evasion and prevent a new global slowdown.

The meeting, preparing for a G20 summit in September that will be the culmination of the Russian presidency of the Group of 20 top advanced and emerging nations, will focus on increasing cooperation in the fight against tax evasion and on regulating finance.

Global retailer Carrefour SA says rising sales in Latin America and Asia helped offset shrinking revenue in Europe in the second quarter.

The French-based company reported quarterly sales of 20.46 billion euros, down 0.6 percent at current exchange rates from 21.7 billion euros in the same period a year ago.

The U.S. economy grew at a "modest to moderate" pace in recent weeks, with the housing market and construction improving nationwide, the Federal Reserve said in a report Wednesday.

The Beige Book's overall assessment of the U.S. economy was unchanged from the June 5 report.

The world increasingly believes China will become the top superpower but the United States enjoys a better image in most regions, according to a poll released Thursday.

A 39-nation study by the Pew Research Center found that the United States is still enjoying the boost to its reputation that followed the election of President Barack Obama -- except in a number of Islamic nations where Washington remains widely disliked.

Greek deputies narrowly approved another wave of lay-offs and wage cuts affecting thousands of public sector workers Thursday, hours ahead of a rare visit to the country by the German finance minister.

The sweeping bill of reforms, tied to the country's next tranche of EU-IMF loans, was passed despite days of street protests.

Parched Jordan on Wednesday officially inaugurated a near-billion-dollar project to supply the capital with water from an ancient southern aquifer to help meet a chronic shortage.

King Abdullah II pushed the start button to begin pumping water from the 300,000-year-old Disi aquifer, 325 kilometers (200 miles) south of Amman.

Greek lawmakers will vote Wednesday on a new austerity bill outlining controversial plans to redeploy 25,000 civil servants this year, despite mass protests against the reforms required for fresh aid funds.

Parliament needs to approve the bill for Greece to receive its next instalment of 6.8 billion euros ($8.9 billion) in bailout funds pledged by eurozone finance ministers.

British bank Barclays has been hit by U.S. federal regulators with a $453-million (344-million-euro) fine for alleged electricity price manipulation in western U.S. markets, a charge which the scandal-hit bank denies.

In morning deals, Barclays' share price rose 0.37 percent to 309.30 pence, as investors shrugged off the news.

Etihad Airways chief James Hogan says the carrier is in Australia for the "long-term game" amid speculation that it was behind a flurry of Virgin share purchases this week.

Hogan confirmed the Abu Dhabi-based carrier was "buying on the market at the moment" after winning Australian government approval to increase its 10 percent stake in Virgin Australia to 19.9 percent.