Shares in bakery firm Greggs rose 8% on the news but Labour's shadow chief secretary to the Treasury, Rachel Reeves, described the policy reversal as "a total and utter shambles".

BBC: Pasty tax: U-turn 'a shambles' says Labour

On a sweltering afternoon in March, Eoin Slavin, an executive at Rio-based development firm Landis, wandered the mostly forgotten working-class neighborhoods in the shadow of the elevated highway searching for prospects.

WSJ: Rio Hopes for an Olympic-Style Revival

Hong Kong's Apple Daily welcomes Fu Ying's "firm and graceful, noble and elegant image", but says she disappointed the outside world with "shadow boxing" or stonewalling on political reform.

BBC: China media: NPC spokeswoman praised