UK authorities have arrested a man after Swiss banking giant UBS revealed an “unauthorised trader” cost it an estimated $2 billion. Stocks tumbled and may cause the bank to record a loss in the third quarter of the year.
Crab crusade
Three-foot-wide red King Crabs renowned for their appetite have invaded Antarctica. The crabs were known to inhabit New Zealand have spread to South American and Antarctica because of climate changes.
Korean defectors arrive
Nine suspected North Korean defectors who sailed to Japan have been moved to a refugee facility. The small wooden boat carrying nine men, women and children onboard were located off the western coast on Tuesday morning.
News chiefs recalled
News International chief executive James Murdoch and former senior News Corp executive Les Hinton will be questioned again by a British parliamentary committee over the phone-hacking scandal. The pair gave evidence in July.
General to jail
Colombia's former intelligence chief will spend 25 years in jail for connections with paramilitary groups. Judges ruled Jorge Norguera aided a right-wing military group’s execution of lists of union leaders, students and left-wing organizers.
Tripoli visitors
British Prime Minister David Cameron and French president Nicolas Sarkozy showed support to the new interim Libyan governing council with a visit on Thursday. The pair spearheaded NATO action to remove Muammar Gaddafi.
Malema guilty
South Africa's controversial youth leader Julius Malema labelled the courts as racist after he was convicted of hate speech. Judge Collin Lamont ruled Malema's signature song, Shoot the Boer, incited hatred.
Dutch troops guilty
A Dutch court has ruled the state is responsible for a massacre in Indonesia by colonial troops in 1947. It said the government was liable to pay compensation to relatives of the murdered villagers east of Jakarta.
Port-au-Prince protests
Demonstrations against the UN presence in Haiti have prompted police to respond with used tear gas to disperse hundreds of protesters. The actions were triggered by allegations Uruguay troops raped a Haitian man.
Denmark’s female PM
Denmark has elected its first female prime minister. With counting complete after last week’s election, Social Democrat leader Helle Thorning-Schmidt’s bloc had won a narrow majority in parliament.
Jiabao’s democracy call
Chinese premier Wen Jiabao says the country’s authoritarian system of absolute power must introduce more democracy. Jiabao, who retires next year, told a business gathering the changes were “urgent tasks”.
Wikileaks hurts reporter
An Ethiopian journalist says he has been force to flee the country because he was mentioned in a US cable released by Wikileaks complaining about press harassment. The government said journalists were protected.
Drug labelled
Belize and El Salvador have been labelled major producers or transit countries for illicit drugs by the US government. Officials said cartels used ports in these countries to smuggle cocaine onto American streets.
Post published in: World News