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Africa/International
MGM film studio falls into bankruptcy
In its glory years, Metro-Goldwyn-Mayer was a Hollywood hit factory that churned out golden classics such as Mutiny on the Bounty and The Wizard of Oz. But the US entertainment empire is to declare itself bankrupt this week under a…
Alitalia profit soars
Italian airline Alitalia said Thursday its third quarter profit soared, reflecting a rise in passenger numbers, and predicted that it could surpass its financial target this year.
The group, which was on the verge of bankruptcy in 2008,…
India: Land of many mobile phones, fewer toilets
The Mumbai slum of Rafiq Nagar has no clean water for its shacks made of ripped tarp and bamboo. No garbage pickup along the rocky, pocked earth that serves as a road. No power except from haphazard cables strung overhead illegally.
And…
Yemeni woman arrested over mail bombs
Yemeni police arrested a woman on suspicion of mailing a pair of bombs powerful enough to take down airplanes, officials said Saturday as details emerged about a terrorist plot aimed at the U.S. that exploited security gaps in the worldwide…
Scientists warn of earthquake risks in Haiti
Haiti is at serious risk of further devastation from earthquakes in the near future, geologists have warned. Their research, to be published in next month's issue of Nature Geoscience, indicates that not all the geological strain that…
Spanish unemployment rate falls
Spain's quarterly unemployment rate has fallen for the first time in more than three years, but remains the highest in Europe, official data has shown.
The country's jobless rate declined to 19.8% in the July-September period, said the…
India backs down on BlacBerry ban
India has followed the United Arab Emirates in backing off from a threat to ban popular services on Blackberry devices, amid growing global concern over access to encrypted information.
The Ministry of Home Affairs said Friday that…
Prices for LCD TVs drop as demand falls
Companies that make huge flat-screen televisions and their LCD panel components are alerting investors that demand is dropping in the U.S. and other developed markets.
The forecasts trickled out as Asian electronics manufacturers reported…
Standard Bank slows Africa expansion, cut jobs
Standard Bank, Africa's biggest bank by assets, will slacken its Africa expansion drive as part of plans to hold down costs after confirming it would slash more than 2,000 jobs.
Standard Bank, 20 percent owned by Industrial and Commercial…
South Africa swings to trade surplus in September
South Africa's trade balance swung back to a surprise surplus in September as exports jumped, but analysts said strong consumer demand ahead of Christmas is likely to push the balance back into deficit.
The South African Revenue Service on…