World News
From The Financial Times
- Former US envoy in Afghan election warning
- Foreign countries are meddling in Afghanistan's presidential elections and increasing the risk that the country becomes still more unstable after next week's vote, a former US envoy to Kabul has warned.
- DiPascali: Madoff business 'all fake'
- Frank DiPascali, a key lieutenant to Bernard Madoff, pleaded guilty to criminal charges arising from his role in the $65bn Ponzi scheme orchestrated by his long-time boss
- Fed under spotlight on interest rates
- US Federal Reserve policymakers end a two-day meeting on Wednesday with a statement that could provide a hint about the timing of interest rate rises, but no more.
- US productivity grows faster than expected
- Productivity soared by a higher-than-expected 6.4 per cent in the non-farm business sector in the second quarter, its highest level since 2003, as hours worked fell faster than output, the Department of Labor said
- Taliban bombs delay US troop supply
- The use of so-called improvised explosive devices has forced Marine commanders to put long stretches of road off-limits, requiring troops to walk instead of drive
- SEC lays out ruses in Madoff fraud
- The scheme that allowed Bernard Madoff to misappropriate $65bn in investor funds combined a single IBM mini-computer with a system of hiding the truth from authorities, according to a complaint filed by the Securities and Exchange Commission
- Anschutz $60m Jackson film deal approved
- Sony's Columbia Pictures is to pay the O2 Arena owner and the singer's estate to produce a movie from concert rehearsal footages
- Debating US health reform
- The US administration's critics can hardly complain that they are denied a chance to engage with their representatives if, when the opportunity arises, they howl and stamp their feet
- Eunice Kennedy Shriver dies at 88
- Eunice Kennedy Shriver, who founded the Special Olympics and is a member of one of the most prominent American political families of the 20th century, died at the age of 88
- Kuwait foils al-Qaeda bomb plan
- Kuwait said it had foiled an al-Qaeda-linked plan to bomb a US army camp and other 'important facilities' in the Opec oil-exporting state
- Ex-Soviet officer escapes US extradition
- Viktor Bout, the former Soviet military officer suspected of arms trafficking on four continents, has won the first stage of his battle to avoid extradition from Thailand to the US on charges of offering to supply weapons to Colombian rebels
- Expanded Fed tackles staffing explosion
- Its unprecedented role in rescuing the US financial system has meant unexpected calls on Federal Reserve resources, writes Aline van Duyn
- New York Fed in hiring spree
- The Federal Reserve Bank of New York is aggressively hiring traders as it seeks to manage its burgeoning securities holdings, making the central bank one of Wall Street's most active recruiters of financial talent
- DPJ chief hits at 'US-led' globalism
- Yukio Hatoyama, leader of Japan's opposition Democratic party who is strongly placed to become prime minister, has vowed to shield his nation from globalisation
- Obama faces tough choices on Afghanistan
- At a time when the US president is under acute pressure to rein in a huge US fiscal deficit and when the Pentagon is severely overstretched, another hefty troop request would be hard to satisfy
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