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Africa/International
Glaxo to pay $750m fine for selling tainted products
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…
Alchohol energy drinks hazards cause fear in America
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…
Asian stocks lower ahead of earnings
Asian markets were mostly lower Tuesday as investors readied for a slew of corporate earnings and Australian shares sank amid a backlash against a foreign takeover of the country's stock exchange.
Major Japanese corporations from Sony…
British economic recovery ‘to show sharp slowdown’
The economic recovery in Britain is expected to show a sharp slowdown when figures are released later on Tuesday.
The economy grew by a healthy 1.2% in the second quarter of the year, but most analysts predict that in the third it will…
British public says spending cuts unfair
Most voters believe government spending cuts announced last week are unfair and excessive, two opinion polls showed on Tuesday. Skip related content
However the surveys were inconclusive about support for the coalition and the opposition,…
Oil under pressure from dollar
Oil fell toward $82 on Tuesday, under pressure from an expected gain in U.S. crude stockpiles for three out of four weeks and a stronger dollar, as the currency's volatility exposed the market to price swings.
Crude pared early losses as…
Google tightening privacy rules on employees
Google Inc. is tightening its privacy leash on employees in an effort to ensure they don't intrude on people while the Internet search leader collects and stores information about its users.
Besides promoting longtime employee Alma Whitten…
Nissan introduces hybrid
Nissan is playing catchup with Japanese rivals Toyota and Honda in introducing its own hybrid car, the luxury Infiniti M, which delivers double the mileage of the gasoline-engine version.
Nissan Motor Co. showed the new gas-electric…
Obama approves largest ever solar project for California
The Obama administration has approved a thousand-megawatt solar project on federal land in southern California, the largest solar project ever planned on U.S. public lands.
Interior Secretary Ken Salazar hailed the $6 billion Blythe Solar…
US to invest at least $731m in high-speed train project
The California high-speed train project will receive at least $731 million from a $902-million grant the federal government awarded on Monday for rail improvements across the state.
According to the U.S. Department of Transportation, $715…