A US bank has said it will donate more than $8m to victims of former Chilean military ruler Augusto Pinochet’s…
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Lesotho textile workers lose jobs
Six foreign-owned textile factories have closed in Lesotho, leaving 6,650 garment workers jobless, union officers told the AP news agency.…
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‘Strong dollar’ call halts slide
The US dollar’s slide against the euro and yen has halted after US Treasury Secretary John Snow said a strong…
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US trade deficit widens sharply
The gap between US exports and imports has widened to more than $60bn (£31.7bn), an all-time record. Figures from the…
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MCI shares climb on takeover bid
Shares in US phone company MCI have risen on speculation that it is in takeover talks. The Wall Street Journal…
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GM pays $2bn to evade Fiat buyout
General Motors of the US is to pay Fiat 1.55bn euros ($2bn; £1.1bn) to get out of a deal which…
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Why few targets are better than many
The economic targets set out at the Lisbon summit of European Union leaders in 2000 were meant to help Europe…
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Saudi NCCI’s shares soar
Shares in Saudi Arabia’s National Company for Cooperative Insurance (NCCI) soared on their first day of trading in Riyadh. They…
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Cannabis hopes for drug firm
A prescription cannabis drug made by UK biotech firm GW Pharmaceuticals is set to be approved in Canada. The drug…
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US company admits Benin bribery
A US defence and telecommunications company has agreed to pay $28.5m after admitting bribery in the West African state of…
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