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Africa/International

Former Pamalat boss jailed for fraud

The founder and former chief executive of Italian food conglomerate Parmalat has been sentenced to 18 years in jail for his role in a fraud at the firm. Calisto Tanzi was convicted of criminal association and fraudulent bankruptcy. A…

Japan stocks fall

Japanese stocks slipped from a seven-month high on Friday on profit taking, though were poised to outperform the rest of Asia this week, while U.S. Treasuries were steady on the view yields had risen too high, too quickly. With three weeks…

Obama, Schumer in US tax cuts tension

President Obama is getting along better than ever with Capitol Hill Republicans. But his relationship with Democratic Sen. Charles E. Schumer has hit a rough patch. The newly appointed Senate Democratic "message" guru has emerged as the…

World is more corrupt now – TI

The world is considered a more corrupt place now than it was three years ago, a poll suggests. Some 56% of people interviewed by Transparency International said their country had become more corrupt. The organisation put Afghanistan,…