August 26, 2013
Mike Tyson ‘close to death from drugs and alcohol’
Former undisputed heavyweight world champion Mike Tyson claims he is "on the verge of dying" from ongoing drug and alcohol problems. Tyson, 47, admitted he is a continual substance abuser but added he is hopeful of finally getting clean. "I want to…
August 26, 2013
Lance Armstrong reaches settlement with Sunday Times
Disgraced cyclist Lance Armstrong has reached an agreement with the Sunday Times after it had sued the drugs-tainted American for around one million pounds, the British paper announced yesterday."It is the final episode in a long legal battle…
August 26, 2013
Greece may need a third bailout
Greece may need a third bailout but would not accept new austerity measures, the Greek finance minister has said. Yannis Stournaras said: "If there is need for further support to Greece, it will be in the order of about 10bn euros (£8.6bn; $13.4bn),…
August 26, 2013
Argentina loses $1.3bn debt court appeal
Argentina has been told again it must pay back more than $1.3bn (£830m) to a group of investors - 11 years after its record debt default. A New York appeals court unanimously rejected every Argentine argument against the payout. The decision is the…
August 26, 2013
N.Y. attorney general suing Trump’s school for fraud
New York's attorney general accused Donald Trump in a lawsuit Saturday of defrauding students who studied at the billionaire mogul's investment institute, though Trump's representative said a large majority of the school's alumni were satisfied with…
August 26, 2013
Jump in mortgage rates hurts new home sales
Americans cut back sharply in July on their purchases of new homes, a sign that higher mortgage rates may slow the housing recovery. US sales of newly built homes dropped 13.4 per cent to a seasonally adjusted annual rate of 394,000, the Commerce…
August 26, 2013
IMF’s Lagarde urges caution over withdrawing stimulus
The head of the International Monetary Fund has warned central banks not to end their stimulus measures too soon. Christine Lagarde said stimulus policies were still needed in some regions, especially Europe and Japan. With signs that the global…
August 26, 2013
German budget surplus jumps in first half of year
Official figures show Germany's budget surplus rose to 0.6% of gross domestic product (GDP) in the first half of the year, boosted by higher tax income. The government pulled in 321.4bn euros in taxes, 3.8% more than a year ago thanks to its steady…
August 26, 2013
German News Report says US Spied on United Nations
A leading German news magazine says the U.S. National Security Agency, NSA, has eavesdropped on the United Nations, penetrating the world body's internal video conference system to decode data.Der Spiegel, in a report Sunday, linked its latest U.S.…
August 26, 2013
Closing Arguments to Begin in China’s Bo Xilai Trial
Closing arguments are expected Monday in the sensational corruption trial of disgraced Chinese politician and former Politburo Bo Xilai.Bo is accused of taking bribes from a wealthy businessman, embezzlement, and abuse of power.In his final day of…