Africa/International

BP PLC said Tuesday that embattled Chief Executive Officer Tony Hayward will step down on Oct. 1 — to be succeeded by American Robert Dudley — and that it has set aside $32.2 billion to cover the costs of the Gulf of Mexico oil spill. In…

Oil rose past $79 on Monday, supported by improved risk appetite and expectations that a forecast severe Atlantic hurricane season could bring further disruptions to oil and gas operations in the U.S. Gulf of Mexico. Asian shares rose and…

Banks will face renewed pressure from the Government to increase lending to hard-pressed firms after Business Secretary Vince Cable warned they were "not acting in the national interest". Mr Cable expressed his frustration as he prepared…

Massive power outages hit the nation's capital and surrounding areas Sunday night after powerful storms barreled through and downed power lines and countless trees, including one that fell on a minivan and killed a woman. The storms cooled…

Venezuelan President Hugo Chavez threatened on Sunday to cut oil supplies to the United States in case of a military attack from Colombia as a dispute escalated over charges his country harbors Colombian rebels. A vocal and frequent…

BP has said that "no final decision" had been taken over the departure of under-fire chief executive Tony Hayward and the size of the losses racked up by the Gulf of Mexico oil disaster. Skip related content Mr Hayward has led the firm…

BP Chief Executive Tony Hayward will collect a pay and pension package worth at least 11.8 million pounds ($18.03 million) when he steps down from his role at the company, the Times newspaper reported on Sunday. The Times said Hayward…

The boss of troubled oil giant BP, Tony Hayward, is poised to quit within days, the Sunday Telegraph newspaper reported. Hayward, who has been heavily criticised over his handling of the Gulf of Mexico oil spill crisis, is set to step…

International banks and financial companies were indirect beneficiaries of the government's 2008 bailout of American International Group Inc., according to newly released documents. The documents released by Sen. Chuck Grassley, R-Iowa,…

A stampede inside a tunnel at a popular techno music festival killed 19 people and injured over 340 on Saturday, police officials said Sunday It was unclear exactly what set off the panic among the throngs of young people squeezing into…