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Africa/International
Oil falls below $82 as investors square books
Oil fell to below $82 on Friday as investors, anxious about the form and scale of an expected monetary easing by the U.S. Federal Reserve next week, took profits at the end of a month of commodity price gains.
U.S. crude for December fell…
Gulf oil disaster: Tests warned of cement problems before well’s blowout
Weeks before the Deepwater Horizon explosion, oil company BP and subcontractor Halliburton were aware of test results showing that the cement mixture designed to seal the well was unstable — but they used it anyway, President Obama's…
GM to repay taxpayers $2.1b as it prepares for IPO
In a series of moves that pave the way for an IPO and strengthen its finances, General Motors Co GM.UL said on Thursday it would repay $2.1 billion to U.S. taxpayers and make early payments to pension and retiree health plans.
The…
Toyota secretly bought back problem cars in US – Lawsuit says
Toyota secretly bought back from U.S. consumers vehicles it found with speed-control defects as part of a strategy to hide unintended-acceleration problems from safety regulators and the public, a revised lawsuit claims.
The repurchase…
China has world’s fastest supercomputer
China is set to trump the US to take the number one spot for the fastest supercomputer ever made in a survey of the world's zippiest machines, it was reported Thursday.
Tianhe-1, meaning Milky Way, has a sustained computing speed of 2,507…
Obama Administration would not abandon Africa – US Official
Mr William J. Burns, US Under-Secretary of State for Political Affairs on Wednesday said the Barrack Obama Administration in the United States would not abandon aid to Africa.
He said, "Rather the US under the Obama Presidency would…
Oil edges up as dollar falls
Oil gained on Thursday as the dollar weakened and U.S. gasoline stockpiles posted a surprise drop, while doubts lingered about the size of expected monetary stimulus by the Federal Reserve.
U.S. crude for December gained 16 cents to $82.10…
Lufthansa net profit tripled to €628m
The leading German airline, Lufthansa, said that its third quarter net profit leapt to 628 million euros (867 million dollars), three times the level of the same period a year earlier.
Analysts polled by Dow Jones Newswires had forecast a…
US companies fight to keep global warming data secret
Some of the country's largest emitters of heat-trapping gases, including businesses that publicly support efforts to curb global warming, don't want the public knowing exactly how much they pollute.
Oil producers and refiners, along with…
US wants China to clarify rare earth exports
Secretary of State Hillary Rodham Clinton is calling on China to clarify its policy on the export of rare earth minerals, exotic metals essential for the success of key high-tech industries.
Speaking at a news conference in Honolulu with…