News

November 2, 2011

Novak Djokovic overcomes Xavier Malisse at Swiss Indoors

Djokovic, 24, beat the Belgian 6-2 4-6 7-5 in two hours and 12 minutes. It was the world number one's first ATP match since winning the US Open in September, soon after which he suffered a back injury in a Davis Cup tie. The victory takes his season…

November 2, 2011

FBI investigating missing money at MF Global

The FBI and federal prosecutors are investigating how some $600 million of MF Global customers'…

November 2, 2011

Toyota and Honda report weaker than expected US sales

Japanese carmakers Toyota and Honda continue to struggle in the US as they report weaker-than-expected sales for October. Toyota's sales dropped 8% due to a shortage in supply of its Corolla cars, while Honda's numbers fell 0.5% from a year……

November 2, 2011

Bank of America cancels debit card fee

Bank of America has cancelled plans to charge consumers a $5 (£3) monthly fee for making debit card purchases, citing customer feedback. The bank announced it was abandoning its fee plan amid growing anger around the move and consumer calls to…

November 2, 2011

Argentina tightens dollar exchange controls

The Argentine government has imposed new restrictions on the purchase of US dollars, in an attempt to reduce capital flight and tax evasion. People wanting to exchange Argentine pesos for dollars must now explain where they got the money, and…

November 2, 2011

UK economic growth picks up to 0.5%

The UK economy grew by 0.5% in the third quarter of 2011, according to the Office for National Statistics (ONS). The growth in the July-to-September period compared with a 0.1% expansion in gross domestic product (GDP) in the previous quarter. But…

November 2, 2011

Greek cabinet backs George Papandreou’s referendum plan

Greece's cabinet has given unanimous backing to a controversial plan by PM George…

November 2, 2011

Palestinians prepare to gain full membership in other UN organizations

Following the overwhelming success of gaining full membership of the state of Palestine in the United Nations' cultural agency UNESCO on Monday, officials said Tuesday that the Palestinians are preparing to gain full membership in other…

November 2, 2011

Death toll climbs to 7 in SW China blast, at least 200 injured

Seven people have been confirmed dead and about 200 others injured in an explosion that occurred near a gas station in southwest China's Guizhou Province Tuesday, local authorities said. The accident happened at about 11:30 a.m., when two cargo…

November 2, 2011

New and deeper jobs recession looms, UN report warns

A United Nations report issued on Monday warns that the cooling global economy risks pushing the world into a double-dip jobs recession and triggering an outbreak of social strife unless governments take urgent action to stimulate employment…