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Africa/International
UN climate change body sais to need reforms
The UN's climate science body needs "fundamental" reforms, including a shorter term for its chairperson, an international review has concluded.
The Intergovernmental Panel on Climate Change (IPCC) has faced mounting pressure over errors in…
US consumers’ spending edges up
US consumers are spending slightly more as their incomes are rising modestly, official data showed Monday, doing little to dispel fears about the health of the economy.
The Commerce Department said spending rose 0.4 percent in July as…
3M to buy Cogent for more than $900m
Diversified U.S. manufacturer 3M Co on Monday said it agreed to buy Cogent Inc for more than $900 million, paying a nearly 18 percent premium for the biometric identification systems company.
3M said it would pay $10.50 a share to buy…
British Navy intercepts yacht with £4m cocaine
A Royal Navy destroyer intercepted a yacht carrying £4 million worth of cocaine, it was revealed.
HMS Gloucester was called in to assist a law enforcement team from Cape Verde in the mid-Atlantic in the early hours of Friday.
The suspect…
German central bank distances self from racist comments of member
Germany's central bank distanced itself Monday from a board member who stereotyped Muslims and Jews, saying his remarks were harmful and violated the Bundesbank's code of conduct.
The comments by Thilo Sarrazin surrounding the launch of…
India delays BlackBerry ban for 60 days
India has said it will delay a ban on Blackberry devices for 60 days while it reviews proposals from the gadget's maker, Research in Motion (RIM).
A ban had been threatened from Tuesday, as India said its security services needed greater…
Intel buys Infeneon wireless unit for $1.4b
Intel Corp. agreed to buy the wireless unit of Germany's Infineon Technologies AG for $1.4 billion (EUR1.1 billion) in cash, both companies said Monday.
With the deal, Intel, the world's largest semiconductor company, significantly…
Court sets 500m naira bail for former Nigerian bank manager
A Nigerian court set a 500 million naira bail on the former head of Intercontinental Bank who faces charges of mismanaging the lender in the run-up to last year's $4 billion sector-wide bailout.
The figure is five times the amount set for…
US birth rates fall second year in recession
The number of babies born in the United States dropped 2.6 percent last year, according to a recent study, the latest in a long list of falling indicators.
The birth rate, which takes into account changes in the population, fell to 13.5…
Oil price stays above $75 per barrel
Oil stayed near an eight-day high above $75 on Monday as sustained momentum from Federal Reserve Chairman Ben Bernanke's speech last week boosted Asian stock markets.
Japanese shares jumped more than 3 percent while the yen fell as the…