You are looking at the HTML representation of the XML format.
HTML is good for debugging, but is unsuitable for application use.
Specify the format parameter to change the output format.
To see the non HTML representation of the XML format, set format=xml.
See the complete documentation, or API help for more information. 
<?xml version="1.0"?>
<api>
  <query-continue>
    <logevents lestart="2014-01-03T19:14:22Z" />
  </query-continue>
  <query>
    <logevents>
      <item logid="47852" pageid="438" ns="0" title="API Assets Retrieve" type="approval" action="approve" user="Mbasset" timestamp="2014-03-24T15:22:23Z" comment="">
        <param>&lt;a href=&quot;http://wiki.unroole.com/index.php?title=API_Assets_Retrieve&amp;amp;old_id=69007&quot;&gt;69007&lt;/a&gt;</param>
      </item>
      <item logid="47851" pageid="438" ns="0" title="API Assets Retrieve" type="patrol" action="patrol" user="Mbasset" timestamp="2014-03-24T15:22:04Z" comment="">
        <patrol cur="69007" prev="2169" auto="1" />
      </item>
      <item logid="47850" pageid="461" ns="0" title="Updating a JavaScript Entry" type="approval" action="approve" user="Ilia.golod" timestamp="2014-01-03T19:47:56Z" comment="">
        <param>&lt;a href=&quot;http://wiki.unroole.com/index.php?title=Updating_a_JavaScript_Entry&amp;amp;old_id=69006&quot;&gt;69006&lt;/a&gt;</param>
      </item>
      <item logid="47849" pageid="0" ns="0" title="Latin Women" type="delete" action="delete" user="Ilia.golod" timestamp="2014-01-03T19:14:22Z" comment="Mass deletion of pages added by multiple users" />
      <item logid="47848" pageid="0" ns="0" title="My Free Web Cam" type="delete" action="delete" user="Ilia.golod" timestamp="2014-01-03T19:14:22Z" comment="Mass deletion of pages added by multiple users" />
      <item logid="47847" pageid="0" ns="0" title="Understanding fitnessa and Core Workout" type="delete" action="delete" user="Ilia.golod" timestamp="2014-01-03T19:14:22Z" comment="Mass deletion of pages added by multiple users" />
      <item logid="47846" pageid="0" ns="0" title="Rice Cereal For Babies Nestle" type="delete" action="delete" user="Ilia.golod" timestamp="2014-01-03T19:14:22Z" comment="Mass deletion of pages added by multiple users" />
      <item logid="47845" pageid="0" ns="0" title="Core Training Helps" type="delete" action="delete" user="Ilia.golod" timestamp="2014-01-03T19:14:22Z" comment="Mass deletion of pages added by multiple users" />
      <item logid="47844" pageid="0" ns="0" title="Kipor Inverter Generator 6Kva" type="delete" action="delete" user="Ilia.golod" timestamp="2014-01-03T19:14:22Z" comment="Mass deletion of pages added by multiple users" />
      <item logid="47843" pageid="0" ns="0" title="Cheap Cigarettes Free Shipping" type="delete" action="delete" user="Ilia.golod" timestamp="2014-01-03T19:14:22Z" comment="Mass deletion of pages added by multiple users" />
    </logevents>
  </query>
</api>