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Africa/International
US Congress passes bank reform bill
In the end, it's only a beginning.
The far-reaching new banking and consumer protection bill awaiting President Barack Obama's signature now shifts from the politicians to the technocrats.
The legislation gives regulators latitude and…
Study links time of birth to death risks
Babies born outside normal working hours could be more likely to die, researchers have warned.
A study of more than 500 infant deaths found babies born outside the hours of 9am to 5pm, Monday to Friday, were more at risk - an extra one or…
Google’s rising expenses lead to fall in profit
Google Inc missed Wall Street's quarterly profit estimates for the first time in two years after a spike in expenses offset a 24 percent revenue jump, but it vowed to keep investing in new businesses to drive long-term growth.
Shares of…
BP caps gushing well for second day
The hemorrhaging well that has spilled millions of gallons of oil into the Gulf of Mexico remained capped for a second day Friday, providing some hope of a long-term solution to the environmental disaster.
Live video from the seabed…
Goldman Sachs pays $550m in settlements
Resolving a high-profile government case linked to the mortgage meltdown, Goldman Sachs & Co. has agreed to pay a record $550 million to settle civil fraud charges that it misled buyers of complex investments.
The Securities and…
MTN proposes $1.1b black empowerment deal
South Africa's MTN Group proposed an 8.1 billion rand black empowerment deal to sell up to four percent of the company's shares on Thursday.
South African companies are encouraged to increase black ownership under rules established to…
New car sales in Europe drop
New car sales in Europe fell for the third month in a row in June owing to the end of government "cash-for-clunkers" schemes, industry figures showed on Thursday.
Registrations for new cars fell by 6.9 percent on a 12-month comparison to…
US bank bill ready for passing
The broadest overhaul of U.S. financial rules since the Great Depression is likely to clear a crucial hurdle in Congress on Thursday morning, paving the way for President Barack Obama to sign the measure into law.
Democrats are expected to…
UK ministers warned against 2-year university degree programmes
Ministers have been warned against introducing two-year university degrees amid concerns it will lead to "education on the cheap".
The University and College Union (UCU) said universities are not "academic sweatshops" and such degrees…
China’s economy cools off
China's economy cooled in the second quarter, a slowdown that is likely to extend over the rest of the year as Beijing steers monetary and fiscal policy back to normal after a record credit surge to counter the global crisis.
Annual gross…