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EU faces compliance deadline in Airbus spat with U.S.

A dispute over government aid for aircraft rivals Airbus and Boeing Co enters a delicate stage on Thursday as Europe faces a deadline to tell the United States how it is eliminating billions of dollars in subsidies struck down by the World Trade Organization.

Stock futures signal lower open

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Stock index futures pointed to a weaker open on Wall Street on Thursday, with futures for the S&P 500 down 0.5 percent, Dow Jones futures down 0.4 percent and Nasdaq 100 futures down 0.2 percent at 4:37 a.m. ET.
Ariab Gold Mine in Sudan

Gold Prices Rise Four Days in a Row, Hit Two-Week High

Gold prices climbed to a nearly two-week high Thursday, along with other risky assets, after the world's richest central banks jointly pledged to make it easier for the Eurozone's acutely stressed banks to obtain funding.
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Olympus Ex-CEO Woodford Campaigns to Oust Board

The former chief executive of Japan's disgraced Olympus Corp, Michael Woodford, launched a campaign on Thursday to oust the board of directors, reclaim his old job and install his own team to save the firm from a big accounting scandal.
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Olympus whistleblower Woodford quits board

The whistleblower in the accounting scandal engulfing Japan's Olympus Corp, ex-CEO Michael Woodford, quit the firm's board of directors on Thursday and called for an urgent shareholder meeting to replace its disgraced top brass.
Demonstrators gather at the Embankment in central London

Jeremy Clarkson: British Strikers Should Be Shot [VIDEO]

The strike by up to two million public sector workers in Great Britain has raised emotions on both sides of the issue, but perhaps no one has had as extreme a reaction to the work stoppage as Jeremy Clarkson, the Top Gear presenter.
For the second time in a week, an iPhone 4 reportedly began smoking and melting without warning.

Another iPhone 4 Spontaneously Combusts in Brazil

For the second time in a week, another report has emerged of an iPhone spontaneously combusting. Brazilian Ayla Mota says he woke up to discover his phone smoking and sparking less than a foot from his face.
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Central banks act as euro zone crisis rages

The world's major central banks acted jointly on Wednesday to provide cheaper dollar funding to European banks facing a credit crunch as the euro zone's debt crisis drove EU ministers to urge more IMF help to avert financial disaster.
Gay Pride South Africa

Nigeria Seeks to Criminalize Homosexuality

Same-sex marriages and homosexual activities were officially banned by the senate in Nigeria on Tuesday, placing criminal penalties of up to 14 years in prison on same-sex relationships.
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Online retail in Russia stifled by infrastructure: PwC

Russian online shopping growth is being held back by poor infrastructure and slow delivery times, accountants PWC said on Wednesday, forcing retailers to spend more before they reap any benefit of rising Internet use.
U.S. Stock Market

U.S. Stocks Soar on Action by Central Banks

U.S. stocks rose more than 3 percent on Wednesday as major central banks acted jointly to add liquidity to the global financial system, boosting appetite for risky assets.

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