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State-owned Dubai World has secured support from all its creditors for a $25 billion debt restructuring plan, a spokesman said on Wednesday, helping to avoid a drawn-out battle with a special tribunal. The spokesman did not provide further…

France's National Assembly is set to take a final vote on a controversial pension reform bill, with President Nicolas Sarkozy hoping it will bring an end to a series of damaging strikes. The bill is almost certain to pass but may still…

Asian stock markets fell Wednesday as slowing South Korean growth underscored weakness in overseas demand and investors fretted the U.S. Federal Reserve's expected stimulus measures may not be enough to boost the economy. Japan's benchmark…

U.S. companies are hoarding almost $1 trillion in cash but are unlikely to spend on expanding their business and hiring new employees due to continuing uncertainty about the strength of the economy, Moody's Investors Service said on…

GlaxoSmithKline, the British drug giant, has agreed to pay $750 million to settle criminal and civil complaints that the company for years knowingly sold contaminated baby ointment and an ineffective antidepressant — the latest in a growing…

The revelation this week that sugary, high-alcohol energy drinks helped send nine Washington state college freshmen to the hospital after an off-campus party has renewed public concern about the hazards of the beverages. Several states…

The Ghana Cooperative Unions Association (CUA), has appealed to government to take steps to ensure that the operations of credit unions are properly regulated. Mr Cyprian Basing, Board Chairman, said it was time that a well-functioning…

Mr Albert Kan Dapaah, Chairman of the Public Accounts Committee of Parliament, on Monday noted that the independence of the Auditor General in the public financial management is central to the audit process. He therefore stated that the…

The Ghana National Petroleum Corporation (GNPC) has awarded a contract to French company, Technip to construct and instal a 14-km 12 inch pipe deepwater for the country’s gas infrastructure, which is yet to be constructed. Information…

Ghana performed better in the 2010 Corruption Perception Index with a score of 4.1 out of the maximum possible score of 10, compared with 3.9 in 2008 and 2009. Mr Vitus Azeem, Executive Secretary of the Ghana Integrity Initiative (GII), a…