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Africa/International
BP to pay over $50m fine for Texas refinery fire
BP Plc will pay a record $50.6 million fine for lingering safety problems from a deadly 2005 explosion that killed 15 workers at its Texas City, Texas, refinery, the U.S. government said on Thursday.
The fine is the latest blow dealt to…
Greek recession deepens
Greece is in the grip of deepening recession, official data showed on Thursday, as a stinging austerity programme agreed with the EU and IMF in exchange for a debt rescue package begins to bite.
The national statistics office said the…
UK taxpayers’ money spent on luxuries
Civil servants spent thousands of pounds of taxpayers' money on luxury hotels, M&S lunches, away days and staff massages last year, the newly-released figures show.
But the Department for Communities and Local Government (DCLG) paid…
Delta Airlines passengers to book on Facebook
Delta Air Lines Inc. said Thursday it's launched a new "Ticket Window" on Facebook that will allow passengers to book directly on the social media site.
It's the first time an airline has allowed customers to reserve flights on Facebook,…
US money fair showcases $100,000 bills, rare coins
In an economic downturn, it might be tough to get your head around this: rare sheets of $100,000 bills, fabulous gold treasures dating back to the California Gold Rush era, rare coins including those tied to the first stirrings for…
Kofi Annan to spearhead forum on African Green Revolution in Accra
Kofi Annan, the former Secretary General of the United Nations is leading the campaign to accelerate an African green revolution.
At a forum to take place in Accra in the first week of September 2010, Mr. Annan will lead African heads of…
Recovery concerns drag on European stocks
European stock markets opened lower on Thursday, following bulky losses on Wall Street and in Asian markets overnight amid concerns about the health of the global economy.
The pan-European Stoxx 600 Index opened 0.2% lower, London's FTSE…
General Motors seals $5b bank deal
General Motors Co has secured a $5 billion credit facility, two people briefed on the bank deal said on Wednesday, marking the return of the top U.S. automaker to the capital markets a year after it emerged from a landmark bankruptcy.
GM…
Bank of England warning fuels recovery worries
The Bank of England has fuelled anxiety over UK recovery hopes after warning of a squeeze on households from slowing growth and high inflation, as well as uncertain international prospects.
Governor Mervyn King said "a choppy recovery" for…
Paris Hilton sued $35m for wearing the wrong hair
Paris Hilton was sued Wednesday for allegedly wearing someone else's hair.
A company that manufactures hair extensions claimed the 29-year-old socialite breached her contract to wear and promote their product when she sported the fake…