May 14, 2012
JPMorgan boss Jamie Dimon admits failures
The chief executive of JPMorgan Chase, Jamie Dimon, says he was "dead wrong" in April to dismiss concerns over the bank's trading practices. At the time he played down concerns over bets the bank made on the markets. On Thursday JPMorgan said it…
May 14, 2012
German Finance Minister Wolfgang Schaeuble eyes EU role
German Finance Minister Wolfgang Schaeuble has indicated interest in becoming chairman of the eurozone finance ministers' regular meetings. It is a key position that involves coordinating policy among the 17 countries that use the euro. Known as…
May 14, 2012
China allows banks to lend more in bid to boost economy
China has cut the amount of funds banks have to hold in a reserve, in a bid to boost its economy. It is the third time the central bank has made such a move in six months. It follows recent economic data suggesting that the Chinese economy is…
May 14, 2012
Greek Radical Left Leader Refusing Coalition Talks
The leader of a group of Greek far-left parties, which finished second in last week's parliamentary elections, is refusing to take part in more talks to form a coalition government. Alexis Tsipras said Sunday he will not become what he calls an…
May 14, 2012
Syrian Troops Storm Village; Violence Spills into Lebanon
Syrian troops backed by tanks killed at least five civilians, torched homes and looted shops when they overran a rebellious Sunni Muslim farming village Sunday, as tensions from the 14-month-old uprising also spilled into neighboring Lebanon.…
May 14, 2012
US, Pakistan, Afghan Military Hold Talks
The commander of NATO-led forces in Afghanistan met with the army chiefs of Pakistan and Afghanistan in Islamabad Sunday to discuss border security and anti-terror coordination. The meeting of the Afghanistan-Pakistan-ISAF Tripartite Commission…
May 14, 2012
Merkel’s Conservatives Trounced in German State Election
German Chancellor Angela Merkel's conservatives suffered an embarrassing loss in Sunday's legislative election in Germany's most populous state as she continues pushing for economic austerity in Europe. Preliminary results show the opposition…
May 11, 2012
More babies for Beyonce?
It sounds like Blue Ivy won’t be an only child for long. Beyonce told 'Entertainment Tonight' she "definitely" wants to have more kids with her husband, Jay-Z - and that she’s open to the amount. Um, does that mean a “19 Kids and Counting”-size…
May 11, 2012
Romain Virgo drops ‘The System’ album
Singer Romain Virgo this week released his explosive sophomore album, The System. The album which exhibits Virgo's musical growth since releasing his self-titled debut album, Romain Virgo in June 2010, features 15 hard-hitting tracks. He says this…
May 11, 2012
US rapper Nas samples Super Cat song
American rapper Nas has sampled Super Cat's Dance Inna New York for a song on his upcoming album. Super Cat's song was released in the 90s but has been sampled for Nas' song The Don, which is one of the singles that will appear on his summer album…