Court discharges Mpiani, Wireko-Brobby

An Accra Fast Track High Court on Tuesday discharged Dr Charles Wireko-Brobby and Kwadwo Okyere Mpiani, two former officials of the defunct Ghana@50 Secretariat of all charges of wilfully causing financial loss to the State. Dr…

Oil hovers around $80 per barrel

Oil hovered around $80 on Wednesday after data showing a rise in U.S. crude imports was offset by steps taken by the Federal Reserve to shore up the economic recovery. The higher U.S. crude imports coupled with lower refinery operating…

BP oil spill case goes to court

A judicial panel ruled Tuesday that civil lawsuits related to the Gulf of Mexico spill will be heard in New Orleans and not Big Oil's headquarters of Houston, Texas as requested by BP. The panel said New Orleans was the most appropriate…

Saudi Arabia postpones BlackBerry ban

Saudi Arabia  on Tuesday postponed indefinitely a BlackBerry ban after a deadline passed for finding a solution allowing authorities to monitor encrypted messages on the popular smartphone. The telecoms watchdog in the ultra-conservative…

China economy slows

China data issued Wednesday showed industrial production and fixed-asset investment growth eased in July, indicating the country's economic activity continued to slow, and consumer price inflation picked up because of a spike in food…

UK unemployment rate expected to fall

Official figures due later are expected to reveal UK unemployment easing back further, but will do little to ease fears of a "jobless recovery". Experts are predicting statistics will show unemployment fell by 65,000 in the three months to…