World
Nigerian men arrested for defrauding Ethiopian Central Bank
Addis Ababa - Ethiopia's central bank, the National Bank of Ethiopia (NBE), said on Tuesday three Nigerians were being detained after forging the governor's signature to try to steal about R150-million from its international account.
Illegal immigrants head for UK in a Bentley
LONDON - An audacious bid by four illegal immigrants to enter Britain hidden in a luxury car has ended in failure after they were intercepted by immigration officers, the Home Office said on Tuesday....
Africa calls summit to respond to financial crisis
BRAZZAVILLE - The African Union said on Monday it would hold a summit next month on the continent's response to the global financial crisis....
White supremacist 'plot' to assassinate Barack Obama foiled
A neo-Nazi plot to assassinate Barack Obama has been uncovered days before the American presidential election. US government agents say they have thwarted a plan by two conspirators to kill the White House front-runner and shoot or decapitate 102 black people. ...
IMF may need to "print money" as crisis spreads
The International Monetary Fund may soon lack the money to bail out an ever growing list of countries crumbling across Eastern Europe, Latin America, Africa, and parts of Asia, raising concerns that it will have to tap taxpayers in Western countries for a capital infusion or resort to the nuclear option of printing its own money. ...
SOUTH AFRICA: Wealth gap becoming a chasm
JOHANNESBURG, (IRIN) - Despite the dismantling of apartheid in the early 1990s, and significant annual economic growth over the past 10 years, South African cities have the highest levels of inequality in the world, according to the UN Habitat's latest State of the World's Cities report. ...
Kenyans in U.S. Involved in Obama Campaign
JERSEY CITY - It looks like a typical storefront in a poor and black dominated part of any large city in the US. It is in a tough neighbourhood of Jersey City--and Jersey City is tough by American standards--and flanked by bars, liquor stores and other enterprises probably dealing in more disreputable activities....
UK economy plunges into a recession
LONDON - Sterling plunged seven cents against the dollar and the FTSE tumbled 5pc after official figures confirmed that Britain is on its way to its first recession since the early 1990s. UK gross domestic product fell by 0.5 per cent, the first contraction since the second quarter of 1992, and the biggest drop since the fourth quarter of 1990. Economists had expected a drop of 0.2 per cent. ...
Bush aide backs Obama
US Election 2008 - Scott McClellan, George Bush's former press secretary who angered old colleagues with a tell-all book earlier this year, has announced he is backing Barack Obama for president....
Police fear riots if Barack Obama loses US election
LOS ANGELES - US police fear riots could break out if John McCain, the Republican presidential candidate, wins the election next month. Law enforcement officials say the intense public interest and historic nature of the vote could lead to violent outbreaks if people are unhappy with the results, encounter problems casting their ballots or suspect voting irregularities. ...SOUTH AFRICA: Land redistribution back on the front burner
JOHANNESBURG , (IRIN) - A combination of political flux, higher food prices and the failure of the ruling African National Congress (ANC) - after 14 years of power - to achieve any meaningful redress of apartheid's most emotive legacy is forcing the land issue to the top of the national agenda, a few months ahead of South Africa's fourth democratic elections. ...IMF sees Africa growth dipping to 6 percent
NAIROBI (Reuters) - Economic growth in sub-Saharan Africa will dip to 6 percent in 2008 and 2009 due to tough global conditions, while inflation is seen rising to 12 percent this year, the International Monetary Fund said on Thursday....
Financial crisis: Immigrants driven home from UK by recession
LONDON - A third of the Polish people living in the British Isles will leave the country next year, driven out by the recession. The exodus will see 400,000 Poles return to their home country where job prospects are better and the economy has not been so badly hit by the credit crisis....
Obama opens up a 14 per cent poll lead on John McCain
U.S Elections 2008 - (12 Days to go) The gap between Barack Obama and John McCain has doubled from seven per cent earlier this month to 14 per cent, according to a new poll....
Colin Powell endorses Barack Obama for White House
WASHINGTON - Colin Powell, a Republican who once aspired to be the first black United States president and later became one of the faces of George W. Bush's Iraq war, has endorsed Barack Obama for the White House. ...
Uganda elected to UN Security Council
UNITED NATIONS - The U.N. General Assembly on Friday elected Japan, Turkey, Austria, Mexico and Uganda to seats on the Security Council for 2009-10, rejecting bids by Iran and Iceland....
Hunger eclipsed by financial crisis on World Food Day
ROME (Reuters) - The world's leading crusaders against hunger voiced frustration on World Food Day on Thursday that the global financial crisis had overshadowed a food crisis tipping millions toward starvation....
US Elections Debate: Again, Obama hammers McCain, as bookmakers pay out for a landslide
Washington DC - Despite John McCain's strident performance in the final US presidential debate, snap polls awarded the contest decisively to Barack Obama, while a bookmaker said it would pay out on bets on the Democratic candidate. (Watch full video coverage - top right corner, on this site)...
Global crisis may hit Africa aid: US official
BEIJING - The ongoing financial crisis could imperil United States aid available to Africa after 2010 and could deter private investment in the continent, a senior U.S. official said on Wednesday....
Obama leads McCain by 10 points in latest Poll
WASHINGTON (Reuters) - Democratic presidential candidate Barack Obama is leading his Republican rival John McCain 53 percent to 43 percent among likely voters, according to a Washington Post-ABC News opinion poll released on Monday....
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