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Africa/International
Rare US coin goes for over $3.7m at auction
A rare 1913 U.S. coin once owned by an Egyptian king and later featured in a famous U.S. TV detective series was sold for more than $3.7 million (2.3 million pounds) in a public auction in Florida, the auctioneers said on Friday.
The…
China to increase investments in Nigeria
China intends to increase its investments in Nigeria, West Africa’s most populous nation, the Bloomberg news service has said.
Officials of the two countries have held discussions about China increasing investments in Nigeria’s electricity…
Standard Bank to open business in Angola
South African Standard Bank hopes to open for business in Angola by mid-year when it will be interested in any sector consolidation and set to act as a link between the country's resources and China and Russia.
Warming relations between…
Obama unveils $2.3b clean energy tax credits
U.S. President Barack Obama unveiled a $2.3 billion tax credit on Friday to boost jobs by promoting clean energy, as new data showed the country's unemployment rate remained stuck in the double digits.
Obama said the credit, from funds…
Obama takes another look at jobs after weak labour report
His agenda altered by the Christmas bombing attempt, President Barack Obama pivoted back to the domestic economy on Friday, promoting new U.S. spending to create tens of thousands of clean-technology jobs.
He outlined the initiative…
Intel rolls out new chips that put it ahead of AMD
Intel Corp. rolled out new computer chips Thursday that highlight the company's lead over Advanced Micro Devices Inc. in its ability to shrink the circuitry inside its processors.
Intel's new Core chips, unveiled at the International…
Not guilty plea entered for failed Nigerian bomber
A federal judge entered a not guilty plea on Friday on behalf of Umar Farouk Abdulmutallab, the 23-year-old Nigerian accused in the attempted bombing of a Detroit-bound airplane that prompted a sweeping review of U.S. security procedures.…
US regulators shut Washington Horizon Bank
Regulators shut Horizon Bank in Bellingham, Wash., on Friday, the first bank closing of 2010.
The Federal Deposit Insurance Corp. said that Seattle-based Washington Federal Savings and Loan Association has agreed to take on the deposits of…
China beats Germany as world’s top exporter
China has beaten Germany to become the world’s leading exporter according to latest figures released in Frankfurt.
According to the figures, China exported $1,050 billion worth of merchandise in the 11 months of 2009 from January to…
UK's Virgin Money to buy regional bank
Sir Richard Branson's Virgin Money has launched its assault on the UK retail banking market after agreeing a deal to buy regional bank Church House Trust.
Virgin, which will use the bank to offer savings and mortgages products to customers…