Daily News Channel
Bank of England Governor Mervyn King this week launched a scathing attack on Britain’s banking sector, calling for a break-up of behemoth financial institutions that have taken billions of public money to stay afloat. King says Britain’s Main Street banks should be separated from their risky investment arms to dissolve a culture in which some banks can fall back on the knowledge that they are “too important to fail” and thus can keep gambling with vast amounts of public cash.
Lawmakers in the west African country — one of the world’s top producers of oil — are crafting new money-making changes for its state oil corporation, as officials negotiate multibillion-dollar oil deals with China.
A train collision in northern India killed at least 13 people early Wednesday. The death toll remained uncertain
Italian Prime Minister Silvio Berlusconi says he governs Italy out of a sense of duty and sacrifice, not because he enjoys the job.
It should come as no surprise that Iran wants to shunt France out of a deal to enrich its nuclear fuel abroad. Dividing its enemies and isolating the more hawkish among them has been a hallmark of Tehran’s diplomacy, and French President Nicolas Sarkozy routinely plays the tough cop with Iran, threatening and goading its leaders and urging U.S.
The regional U.S. military commander was visiting Pakistan on Monday as that country’s military continued its massive ground offensive against Taliban militants in the restive northwest tribal region.
French Foreign Minister Bernard Kouchner has urged Afghan President Hamid Karzai and his main rival to abide by the results of August’s election which the United Nations has said was marked by “widespread fraud.” Kai Eide, head of the U.N. mission in Afghanistan, said last week that the vote was flawed
Thousands flocked to Spain’s capital Saturday to protest the Socialist government’s move to make it easier to get an abortion. The anti-abortion protest, themed “each life is important,” began at 5 p.m
A Zimbabwean court postponed the trial of key opposition figure Roy Bennett on Saturday to allow his lawyers time to prepare their case. Bennett, the Movement for Democratic Change’s nominee for the deputy agriculture minister post, faces charges of possessing weapons for sabotage, banditry and terrorism
Representatives of deposed President Manuel Zelaya said Friday that the interim government of coup leader Roberto Micheletti has the weekend to decide whether to accept their proposal to resolve the leadership crisis.