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Geithner pushed for Libor reform in 2008

Sir Mervyn King, governor of the Bank of England, has been put at the centre of the Libor-rigging scandal after a senior US official called on him to reform the interest rate market in 2008. Timothy Geithner, who was then the president of the Federal Reserve Bank of New York,…

Brazilian species set for extinction even if Amazon deforestation halts

The destruction of great swaths of the Brazilian Amazon has turned scores of rare species into the walking dead, doomed to disappear even if deforestation were halted in the region overnight, according to a new study. Forest clearing in Brazil has already claimed casualties, but the animals lost to date…

Ethiopian journalist jailed for 18 years

An Ethiopian court on Friday jailed a journalist for 18 years for “terrorism” and 23 others, reporters and activists, for between eight years and life, after a trial condemned by rights groups. Journalist Eskinder Nga was jailed for 18 years, while opposition member Andualem Arage got life because of “the…

China’s economic growth slows amid global turmoil

China’s economy expanded at its slowest pace in more than three years as dire problems overseas started to hit home, official data showed Friday, fuelling expectations of more stimulus moves. The world’s second-largest economy grew 7.6 percent in the second quarter year-on-year, the National Bureau of Statistics said, the weakest…

Germany pledges to protect religious circumcision

The German government on Friday pledged quick action to protect the right of Jews and Muslims to circumcise baby boys on religious grounds, after a court ruling that prompted international outcry. Chancellor Angela Merkel’s spokesman Steffen Seibert told reporters it was “concerned” about the judgement published by a Cologne regional…

Clinton to meet Myanmar leader at business forum

US Secretary of State Hillary Clinton and Myanmar President Thein Sein were to hold landmark talks on Friday as Washington moves to ease its sanctions on the once-pariah state. The two leaders were to meet in the Cambodian tourist town Siem Reap on the sidelines of a conference, amid concerns…

‘Fat pride’ challenges supersize stereotypes

Cat Pause proudly describes herself as “fat”, can live with euphemisms like “curvy”, “chunky” or “chubby”, but baulks at what she believes are value-laden labels such as “overweight” or “obese”. The US-born academic is a pioneer in the emerging field of fat studies, organising New Zealand’s first conference on the…

Somali insurgent bastion facing cholera crisis

Cholera is rising in the last major town held by Somalia’s Al-Qaeda linked Shehab, with most of those stricken by the disease children, the World Health Organization (WHO) warned Friday. The UN agency “is very much concerned about the increased number of cholera cases, particularly in Kismayo town,” it said…

‘Butcher of Bosnia’ Mladic trial to resume Monday

The trial of former Bosnian Serb army chief Ratko Mladic will resume next week after being suspended when Mladic fell ill, the Yugoslav war crimes tribunal said Friday. The 70-year-old was taken to hospital as a precautionary measure after falling ill during his trial on Thursday, though his lawyer, Branko…

Avalanche dead mourned by their loved ones in France

Relatives of the nine climbers killed by an avalanche in the French Alps gathered at the nearby resort of Chamonix on Friday to pay their respects the day after the tragedy. The mountaineers who died in the avalanche on Mont Maudit (“Cursed Mountain” in French) in the Mont Blanc massif…