Barclays pays $453 million fine to settle Libor probe
WASHINGTON/LONDON - British bank Barclays will pay $453 million (291 million pounds) to U.S. and British authorities to settle allegations that it manipulated key interbank lending rates known as Libor, ramping up pressure on other banks to cooperate in a probe that could cost the banking industry billions of dollars.
Court finds Glencore grain unit bribed EU official
BRUSSELS - A Belgian court convicted a subsidiary of commodities trader Glencore and others on Wednesday of bribing a European Union official in return for market-sensitive information.
Britain outside the EU - Switzerland with nukes?
Without a coherent plan for going it alone, Britain may be drifting towards its biggest strategic move in a generation: a disorderly exit from the European Union. Full Article
Is the euro beyond salvation?
Here's a nightmare for Europe's leaders to ponder: a bond auction fails in Spain, spreading solvency worries and triggering bank runs that spell the single currency's end. Is such a scenario likely? Policymakers hope not. Is it possible? They fear it might be. Full Article
Assad faces growing rebel, foreign threat
With a high profile attack on a government TV station, escalating fighting around Damascus and talk of increasing covert foreign support, Syria's rebels are bringing the fight ever closer to Bashar Al Assad. Full Article
West Bank hamlets share name, not fate
SUSIYA, West Bank - Susiya the Israeli settlement enjoys well-watered lawns, humming electricity, and the protection of a mighty state. One rocky hill away, Susiya the Palestinian village is parched and doomed. Full Article | Related Story
Stockton, California to file for bankruptcy
STOCKTON, California - Stockton, California will become the largest U.S. city to seek protection from its creditors after its leaders approved a budget based on the city filing for bankruptcy. Full Article
London moves into final month of preparations
London moves into the final month of preparations for its Olympic Games with a new landmark to greet visitors, and a warning that some others would not be welcome. Full Article | Related Story
U.S. seizes cargo ship suspected of carrying stowaways
June 27 - U.S. authorities have seized a cargo ship with goods from India and Egypt after hearing what sounded like people stowed away inside a container on the vessel, the U.S. Coast Guard says. Rough Cut (no reporter narration).
Latest Headlines
Both sides are losing the austerity fight
Neither stimulus nor austerity seems to work as predicted. The U.S. has tried stimulus and the UK austerity, but the results in both countries have been disappointing. More of one or the other might work, but it increasingly looks like a different approach will be needed to end the Lesser Depression. Commentary
The leadership lessons of Chairman Rupert
Rupert Murdoch has endured more crises than Richard Nixon and Odysseus combined, so the CEO and chairman of News Corp can be forgiven for seeming nonplussed by his current predicament. Commentary
How 50 billion euros might save the euro
What if countries in the euro zone’s core used their low borrowing costs to subsidise interest rates in the periphery? This would bring Spanish and Italian funding costs down sharply. And it would only cost around 50 billion euros over seven years. Commentary | Crunch the numbers here
Julian Assange’s fall from the heavens
The WikiLeaks founder is in the not-unfamiliar position of one who has concluded that his enemies’ enemies are his friends. It’s a posture often taken by states, both democratic and authoritarian. It doesn’t reflect well on someone whose pitch was that his movement would transcend such grubby, often secret, deals in the name of transparency. Commentary
50 years after Silent Spring - what would Rachel Carson say?
Rachel Carson's legacy looms huge today. Many people have the impression that climate disruption is the worst environmental problem humanity faces, and indeed, its consequences may be catastrophic. But the spread of toxic chemicals from pole to pole may be the dark horse in the race. Commentary
Portugal clings to austerity
LISBON - Portugal's year-old government inherited a country on the edge of the abyss. Its unswerving commitment to reform means Lisbon scores high marks in Berlin and Brussels, but criticism of austerity is spreading and, more importantly, the abyss is still there. Full Article
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Zynga "doubles down" on Facebook
Zynga is extending its platform with a new social network for gamers but says this should not be seen as an attempt to move away from Facebook, which it relies on for the lion's share of its revenues. Video
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