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Africa/International
US States must fill $1 trillion pension gap – Study
States may be forced to reduce benefits, raise taxes or slash government services to address a $1 trillion funding shortfall in public sector retirement benefits, according to a new study that warns of even more debilitating costs if…
Benny Hinn's wife files for divorce after 30yrs of marriage
The wife of televangelist Benny Hinn has filed for divorce from the high-profile pastor, whose reputation as an advocate of prosperity gospel has attracted millions of followers and criticism from lawmakers and watchdog groups over his…
China condemns US meeting with Dalai Lama
China has condemned United States president Barack Obama's meeting with the Dalai Lama as "seriously damaging" to the ties between the two world powers.
The largely ceremonial event was low key but the fact that a meeting took place at…
"Eco" members show more commitment to meeting criteria
Alhaji Mohammed Mumuni, Minister of Foreign Affairs and Regional Integration, on Wednesday said countries acceding to the monetary integration of West Africa, has committed themselves to work harder to achieve the convergence criteria by…
Uganda needs $8b to develop oil industry
Uganda will need $8 billion in investments in the next decade to develop its newly discovered oil and gas resources and bring them to the marketplace, a senior government official said on Wednesday.
East Africa's third largest economy…
Toyota Corolla steering faces probe
U.S. regulators launched a preliminary investigation into reported steering problems on the Corolla sedan on Wednesday as Toyota Motor Corp faced questions from U.S. lawmakers on whether it had ignored red flags on safety before a wave of…
Stimulus saved US economy – Obama
President Barack Obama hailed Wednesday's one-year-old economic stimulus law as an accomplishment that staved off another Great Depression and kept up to 2 million people on the job.
Still, with millions still out of work and losing…
Google supports Wikipedia with $2m donation
Google Inc., the Internet's most profitable company, is giving $2 million to support Wikipedia, a volunteer-driven reference tool that has emerged as one of the Web's most-read sites.
The donation announced Wednesday matches the largest…
Reader's Digest collapses in UK
The future of 72-year-old magazine Reader's Digest UK is under threat after the British edition collapsed into administration. Skip related content
Embattled US parent Reader's Digest Association (RDA) said it was no longer able to support…
Warning of rising joblessness in UK
The Government has warned that further rises in unemployment were expected before the summer as figures showed those claiming jobseeker's allowance soared to the highest level since Labour came to power in 1997.
The number of people…