Daily Archives: July 26, 2013
Egypt: The International Monetary Fund (IMF) has said it will not engage in talks about a possible $4.8bn loan to Egypt until the country’s interim government gains recognition from the international community, Reuters has reported. “It’s a case of the international community, … its institutions, its nations, coming together and recognising a particular government,” IMF deputy spokesman William Murray told reporters. “And until that happens, and until our members make a decision on the Egyptian government, we’re going to keep our context technical (at the technical level).” [AMEInfo.com]
TUNIS (Reuters) – Demonstrations swept Tunisia for a second day on Friday after the assassination of a secular opposition figure, with one protester killed and several injured in the southern city of Gafsa, witnesses said.
On Friday, Pinterest, a kind of virtual pinboard, announced that it would enable Do Not Track functionality to let users opt out tracking their behavior on site.
BEIJING (Reuters) – At least 18 more people have been detained in China in connection with a corruption scandal involving British drugmaker GlaxoSmithKline, state media reported, giving more details on a probe which has rocked the company.
DALLAS, Texas (Reuters) – Schools damaged by a West, Texas, fertilizer plant explosion will receive $2.75 million in federal funds for temporary classrooms and administrative buildings, the government said Friday.
NEW YORK (Reuters) – JPMorgan Chase & Co is exiting physical commodities trading, the bank said in a surprise statement on Friday, as Wall Street’s role in the trading of raw materials comes under unprecedented political and regulatory pressure.
The choice of the nation’s most powerful technocrat, the head of the Federal Reserve, has rarely generated this much public anticipation or political debate.
Fabrice Tourre, a former Goldman trader, jarred his memory to explain a comment he made in an e-mail as he wrapped up testimony in his fraud trial.
PHOENIX (Reuters) – A married couple killed by a lightning bolt near the Grand Canyon this week was identified on Friday as tourists visiting from Thailand.
GlaxoSmithKline agreed to pay Louisiana $45 million to settle lawsuits accusing it of improperly marketing the diabetes drug Avandia and other drugs.
RIO DE JANEIRO (Reuters) – Pope Francis urged young people on Friday to change a world where food is discarded while millions go hungry, where racism and violence still affront human dignity and where politics is more associated with corruption than service.
TUNIS (Reuters) – One man was killed on Saturday in violent protests in the southern city of Gafsa, two days after the assassination of a secular opposition figure.
PepsiCo said it would no longer label its Naked juices as “all natural,” after a lawsuit complained that the drinks contained ingredients that did not fit that bill.
JPMorgan Chase will pursue “strategic alternatives” for its physical commodities arm, as Wall Street’s role in the trading of raw materials comes under intense political and regulatory pressure.