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Africa/International
US House of Reps approves oil spill reform bill
The House of Representatives on Friday approved the toughest reforms ever to offshore energy drilling practices, as Democrats narrowly pushed through an election-year response to BP's massive oil spill in the Gulf of Mexico.
Passing the…
Steep decline in US GDP causes alarm
U.S. economic growth slowed sharply in the spring, stoking concerns about a weak job market, a drawn-out struggle for the unemployed and growing financial pressures on millions of American families.
The nation's gross domestic product grew…
Chinese successor found for Warren Buffett
Twenty-one years ago, Li Lu was a student leader of the Tiananmen Square protests. Now a hedge-fund manager, he is in line to become a successor to Warren Buffett at Berkshire Hathaway Inc.
Mr. Li, 44 years old, has emerged as a leading…
Did Ghanaian-Belgian die from drug overdose in Japan?
The Ghanaian-Belgian man who died in Japan last Sunday shortly after arriving from Ghana is suspected to have died from drug overdose, the AFP reports, citing an unnamed diplomatic source.
The AFP suggests that the man, 55-year-old Kwadwo…
Asian stocks fall on US worries
Asian stocks sagged on Friday as worries U.S. growth data may surprise on the downside and downbeat comments from a Federal Reserve official gave investors reason to book profits from a steady rally this month.
The dollar remained near a…
Japan’s unemployment rises
Japan's unemployment rate ticked higher while production of automobiles and electronic gadgets saw a surprise slip in June, data showed Friday, in signs that an export-driven recovery may be stalling.
The data poses a challenge for Prime…
US Republicans block small business plan in Senate
Senate Republicans blocked a $30-billion plan to help community banks boost lending to small businesses, dealing a blow to President Barack Obama's election-year battle to reduce unemployment.
Tempers ran high as Democratic leaders failed…
British Airways loses £164m after crises
British Airways said cabin crew strikes and Iceland's volcanic ash cloud have sent the beleaguered airline £164 million into the red for the three months to June 30.
The combination of the bitter industrial dispute with the Unite union and…
Honda in record quarterly profit on rising sales
Honda reported a record quarterly profit of 272.4 billion yen ($3.2 billion) as auto sales grew in North America, Japan and the rest of Asia.
Honda Motor Co. said Friday its profit for April-to-June increased 36-fold from 7.5 billion yen a…
Fragile US economy said to be getting weaker
The already fragile economic recovery may be getting weaker.
Economists expect the government to report Friday that economic growth slowed in the April-to-June quarter as consumers bought less, builders pulled back further, and cash-hungry…