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Africa/International
BP begins “static kill” operation to stop leaking well
BP pumped heavy drilling mud into its blown-out Gulf of Mexico well on Tuesday in a "static kill" operation it hopes will help permanently plug the world's worst accidental marine oil spill.
The operation, aimed at subduing the still…
Oil price highest in three-months at $80 per barrel
Oil rose 3 percent on Monday to break above $80 a barrel, its highest level in nearly three months, as equity markets rose on positive economic sentiment and the dollar weakened.
U.S. September crude settled up $2.39 at $81.34 a barrel,…
Bad Russia wheat harvest boosts US farmers
A severe drought destroyed one-fifth of the wheat crop in Russia, the world's third-largest exporter, and now wildfires are sweeping in to finish off some of the fields that remained.
Expectations that Russia will slash exports by at least…
US economy still short of recovery – Bernanke
The economy is improving but has yet to recover fully, with high unemployment and a weak housing market leaving consumers unsettled, Federal Reserve Chairman Ben Bernanke said on Monday.
This means monetary policy must remain…
10 ways to ruin your retirement
There's much more to retirement planning than accumulating a large next egg. You'll need to invest and protect your retirement savings, account for health care expenses, and turn your savings into a stream of income. Unfortunately, there's…
Canadian miner Kinross Gold to buy Red Back Mining for $7.1b
Kinross Gold of Toronto is set to take full control of Vancouver-based Red Back Mining in a deal valued at $7.1bn, broadening Kinross’s reach to west Africa, where Red Back’s operations are focused.
Kinross said the agreed all-share…
Sylvester Stallone chased for £1.4m debt after shooting movie in Brazil
In the film he plays a Barney Ross, a fearless, muscle-bound mercenary on a mission to hunt down a murderous South American dictator called General Gaza.
But in real life it is Sylvester Stallone himself who is being pursued by the South…
BP begins tests to permanently seal Gulf oil leak
BP will begin tests Monday to ensure it can effectively pump mud down its blown-out Gulf well and if all goes well, as expected, it will begin plugging the well tomorrow, a senior company official said Monday.
"We're not anticipating" a…
Obama says US will leave Iraq as promised on schedule
President Barack Obama declared Monday that the Iraq war was nearing an end "as promised and on schedule," touting what he called a success of his administration though it comes amid persistent instability and uncertainty in Iraq.
Obama…
Growth in Chinese manufacturing slows
Expansion of Chinese manufacturing activity slowed for the third month in July, as production, new orders and purchasing prices all declined, a survey showed Sunday.
The state-affiliated China Federation of Logistics and Purchasing said…