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Africa/International
Lehman Brothers art sold sold for $12m in US
An auction of fine art from the New York offices of collapsed investment bank Lehman Brothers has raised more than $12m (£7.6m) at Sotheby's.
The proceeds will go towards paying Lehman's creditors, owed $600bn since the firm's collapse in…
BP CEO defends safety records
BP Chief Executive Tony Hayward defended the oil giant's safety culture under a grilling from MPs as regulators released dozens of documents questioning the company's record.
Cost cuts were not behind the Gulf of Mexico oil spill, and the…
US football player says contract doesn’t make him a slave
Albert Haynesworth said Saturday his $100 million contract doesn't make him a slave to the Washington Redskins.
In an interview with 106.7 The Fan, the two-time All-Pro defensive tackle said the big paychecks don't mean he can't push…
Bomb scare diverts plane
Canadian police are investigating whether a phoned-in hoax caused a Pakistani jet to be diverted to Stockholm for several hours Saturday for fear that one of its passengers was carrying explosives.
Police evacuated 273 people from the jet,…
Eddie Miliband takes over Labour leadership in UK
Britain's opposition Labour Party has elected Ed Miliband as its new leader, choosing him by a knife-edge margin over his better-known older brother, former foreign secretary David Miliband.
The 40-year-old former climate change …
Gold hits record price at above $1,300
Gold soared to a record high above 1,300 dollars on Friday, dragging sister metal silver to a 30-year peak as investment demand propelled precious metals higher.
Gold prices struck a record 1,300.07 dollars an ounce in afternoon trade on…
HSBC in major boardroom shake-up
HSBC has confirmed that its chief executive Michael Geoghegan is to be replaced by Stuart Gulliver - currently the head of the group's investment bank.
Douglas Flint, currently HSBC's finance director, has also been confirmed as the…
US discussion on China currency bill advances
Legislation that targets imports from China and other countries with currencies similarly perceived to be undervalued sailed through the U.S. House Ways and Means Committee Friday, preparing the way for a vote in the full House next week.…
US businesses increase spending on capital goods
U.S. companies invested last month in computers, communications equipment and machinery, boosting capital goods orders for the third time in four months.
The 4.1 percent increase to capital goods in August signaled a rebound in business…
UN meets on fears of high food prices
The UN's Food and Agriculture Organization (FAO) is holding an extraordinary meeting in Rome sparked by global fears about high food prices.
Friday's meeting will include Russian grain executives. Moscow banned exports after its harvest…