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FOREIGN
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By A Correspondent
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Wednesday, 17 December 2008 |
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The list of investors and banks hit by an alleged $50bn (£33bn) fraud by US trader Bernard Madoff is growing.
Leading Spanish, British and Japanese banks say they could be facing losses of billions of dollars.
US authorities have ordered the liquidation of the trader’s brokerage firm, Bernard L Madoff Investment Securities of New York.
Some have now questioned why the US Securities and Exchange Commission did not detect the alleged fraud earlier.
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By A Correspondent
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Wednesday, 17 December 2008 |
 The commander of Zimbabwe’s air force has been wounded in what officials are calling an assassination attempt.
Perence Shiri, 53, a close ally of President Mugabe, seen as one of the most feared military leaders, was shot in the arm and is said to be stable.
The opposition MDC says he was one of the masterminds of violence against its supporters during this year’s election.
Its spokesman said the attack was aimed at justifying a military crackdown and eventual declaration of an emergency. Be the first to comment this article | Views: 136 | Tell a Friend |
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By A Correspondent
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Sunday, 14 December 2008 |
Kenya has imposed sanctions against Somalia’s president, accusing him of being “an obstacle to peace”.
The move came after President Abdullahi Yusuf named a new prime minister in defiance of parliament’s wishes.
MPs overwhelmingly voted that the dismissal of Nur Hassan Hussein was illegal, but Mohamed Mahamud Guled has still been appointed to replace him. Be the first to comment this article | Views: 54 | Tell a Friend |
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By A Correspondent
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Sunday, 14 December 2008 |
The leader of a new political party in South Africa has said at the movement’s formal launch that it will offer a home to all of the country’s racial groups.
Former Defence Minister Mosiuoa Lekota said the Congress of the People, or Cope, was the “party of the future”.
Correspondents say the party could present real opposition to the African National Congress for the first time.
It is made up largely of ANC defectors, and will challenge the governing party in national elections next year. Be the first to comment this article | Views: 52 | Tell a Friend |
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By Beth Fouhy
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Monday, 01 December 2008 |
 President-elect Barack Obama planned to nominate Sen. Hillary Rodham Clinton as his Secretary of State on today, transforming a once-bitter political rivalry into a high-level strategic and diplomatic partnership.
Obama will name the New York senator to his national security team at a news conference in Chicago, Democratic officials said Saturday. They requested anonymity because they were not authorised to speak publicly for the transition team.Be the first to comment this article | Views: 100 | Tell a Friend |
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By A Correspondent
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Wednesday, 26 November 2008 |
FIFA on Monday expressed concern that the current world economic downturn would have an impact on the number of visitors to the 2010 World Cup finals in South Africa.
Horst Schmidt, world football governing body’s consultant to the next World Cup organisers, said heavy promotion of the tournament was needed in the coming months to persuade fans to travel for the tournament from June 11 to July 11, 2010.Be the first to comment this article | Views: 70 | Tell a Friend |
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By A Correspondent
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Wednesday, 26 November 2008 |
All sides in eastern DR Congo have committed serious human rights abuses, the UN secretary general has said.
Ban Ki-moon said both government forces and rebels loyal to Gen Laurent Nkunda had carried out arbitrary executions, mass killings, rape and torture.
The report covers July to November, when the most recent fighting flared.
In a separate report, a rights group has accused the government of using violence to eliminate political opponents following polls in 2006.Be the first to comment this article | Views: 55 | Tell a Friend |
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By A Correspondent
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Wednesday, 26 November 2008 |
Zimbabwe’s rival parties are to meet in South Africa for talks aimed at ending deadlock over a power-sharing deal.
Former South African leader Thabo Mbeki is to host the meeting between the ruling Zanu-PF and the opposition MDC.
The two sides have failed to agree on control of key ministries, but are under pressure to move forward amid a growing humanitarian crisis.Be the first to comment this article | Views: 61 | Tell a Friend |
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By Kane Farabaugh in Chicago
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Wednesday, 26 November 2008 |
 US President-elect Barack Obama introduced the senior members of his economic team on Monday, naming New York Federal Reserve President Timothy Geithner as his Treasury Secretary.
With U.S. stock markets at five year lows, U.S. automakers on the verge of collapse and millions of Americans affected by job cuts and home foreclosures, President-elect Barack Obama underscored the importance of putting his financial team in place early.Be the first to comment this article | Views: 53 | Tell a Friend |
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By A Correspondent
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Monday, 24 November 2008 |
A gun attack on the presidential home in Guinea-Bissau has left one person dead and several injured, hours after election results were announced.
The UN envoy to the country confirmed President Joao Bernardo Vieira was unharmed in the overnight attack, in which soldiers shot at the building.
The African Union warned against any “attempt to seize power by force” in a country with a recent history of coups.
The former ruling party won the parliamentary poll by a large margin.Be the first to comment this article | Views: 80 | Tell a Friend |
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By A Correspondent
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Monday, 24 November 2008 |
Kofi Annan and Jimmy Carter say they will continue their work in the region. The Zimbabwean government has denied refusing entry to a team led by former UN Secretary General Kofi Annan and former US President Jimmy Carter.
The two men, and Nelson Mandela’s wife, Graca Machel, had wanted to assess the humanitarian crisis in Zimbabwe.
But they said the government had not granted them visas, making their two-day visit impossible.Be the first to comment this article | Views: 76 | Tell a Friend |
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