LONDON

UBS $2 billion rogue trade suspect held in London

Kweku Adoboli: Is UBS Doomed?

Continued losses in the investment bank arena could lead to more restructuring and another round of job cuts to be unveiled in November.

De Beers in New Contract with Botswana

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Diamond producer De Beers said on Friday it had signed a new 10-year contract for the sorting, vaulting and sales of the diamond production of Debswana, its joint venture with the government of Botswana.
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France

Sarkozy, Cameron hailed in Libya, offer help

Nicolas Sarkozy and David Cameron landed in Libya to a heroes' welcome on Wednesday, promising help for the new rulers that French and British air power helped to install and being told the favour may be repaid in business contracts.
Chip in new BlackBerrys opens door to use as ID

Chip in new BlackBerrys opens door to use as ID

BlackBerry maker Research In Motion plans to open doors for its key corporate customers using a decade-old technology most in the smartphone industry eye as a way to turn phones into wallets.
Kweku Adoboli

Facebook Friend Risk: The Kweku Adoboli Dilemma

When a name like Kweku Adoboli instantly becomes public, like the UBS trader who allegedly lost the bank $2 billion in unauthorized transactions and who is suddenly a globally hot Internet search item, many turn to the most public source available -- Facebook, the world's largest social network.
Gold bars

Gold Prices Fall on Hopes Greece May Remain in Eurozone

Gold prices fell Thursday around the world as investor fears of a Euro zone collapse gave way to hope that coordinated intervention by global monetary authorities could contain and even cure the continent's sovereign debt crisis.
Kweku Adoboli

Kweku Adoboli: UBS Rogue Trader Reportedly Loses $2 Billion

UBS has 65,000 employees. The Swiss bank has global operations, serving approximately 50 countries. The company has been around for nearly 150 years. But one rogue trader -- reportedly a 31-year-old living and working in London -- has apparently brought the company to its knees in embarrassment and financial loss.
A file photo of a traffic sign next to an UBS bank logo in Zurich

UBS Says Trader Who Lost it $2 Billion is Arrested

UBS said a trader has lost about $2 billion in unauthorized dealing and warned it might post a loss in the third quarter, a huge blow as the Swiss bank struggles to rebuild its credibility after years of crises.
Revised plan by WHO to eliminate TB.

WHO Endorses Action Plan to Fight Dangerous TB Spreading in Europe

The World Health Organization (WHO) on Wednesday multidrug-drug-resistant tuberculosis is spreading at an alarming rate in Europe and they are prepared to endorse what they call an ambitious and rigorous action plan to fight multidrug- and extensively drug-resistant tuberculosis (M/XDR-TB).
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Peruvian Mining Company Workers Launch Strike

Workers at Peru's Cerro Verde mine, which accounts for about 2 percent of global copper output, started an indefinite strike for better pay and benefits on Wednesday, a union leader said.

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