May 7th, 2010
05:53 AM ET

World update: UK PM Brown plans to stay in power

An update from London on some of the international stories we expect to develop on Friday:

UK election - British Prime Minister Gordon Brown wants to stay in government and try to form a coalition with other parties, according to a statement issued Friday morning after results showed the election ended in a hung parliament.

Markets plunge - The Nikkei-225 Index in Tokyo closed 3.1 percent lower on Friday as the global sell-off - sparked by the debt crisis in Greece and a wild session on Wall Street - continued to roll with the sun across the financial world.

Myanmar politics - Supporters of detained Myanmar leader Aung San Suu Kyi say they will form a new political party after she was not allowed to participate in an upcoming election. The new party, called National Democratic Force, is made up of some members of Suu Kyi's National League for Democracy.

North Korea nuclear - North Korea's leader Kim Jong Il says the country remains committed to a nuclear-free Korean peninsula after meetings with Chinese President Hu Jintao, according to state media.

Pirates freed - The Russian Defense Ministry says it has released a group of Somali pirates who hijacked an oil tanker in the Gulf of Aden this week, the Interfax news agency reports.

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