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Tabloid reporter implicates senior Murdoch executives

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Phone hacking was widely discussed at editorial meetings at Rupert Murdoch's News of the World, the reporter who was blamed as the sole culprit said in a letter which threatened to undermine repeated denials by senior News Corp executives.
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UK parliamentary body likely to recall James Murdoch

A British parliamentary committee investigating phone hacking at a now defunct UK tabloid paper is very likely to recall News Corp executive James Murdoch in person after receiving further statements that cast doubt on his previous testimony.
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Libyan rebel fighters celebrate after taking partial control of the coastal town of Zawiyah

Rebels Say Tripoli Encircled; Gaddafi Defiant

Libyan rebels said on Monday they had seized a second strategic town near Tripoli within 24 hours, completing the encirclement of the capital in the boldest advances of their six-month-old uprising against Muammar Gaddafi.
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China Bright Food to buy Manassen for over $516 million

China's state-owned Bright Food Group has agreed to buy Australian branded food business Manassen Foods, giving it an enterprise value of over A$500 million ($516 million), a person with direct knowledge of the matter told Reuters on Sunday.
Rupert Murdoch

U.S. expands probe of News Corp: report

Authorities are investigating if Britain's News Corp had a broader pattern of misconduct in the United States, the Wall Street Journal reported in its online edition on Saturday.
At Issue: U.S. and Global Economies

Nouriel 'Dr. Doom' Roubini: ?Karl Marx Was Right?

Economist Nouriel "Dr. Doom" Roubini, the NYU professor who four years ago accurately predicted the global financial crisis, says tough medicine is needed to end it: another round of massive fiscal stimulus or a universal debt restructuring. If neither occurs, a systemic flaw will, at minimum, continue to hinder economic recovery.
Britain's Chancellor of the Exchequer George Osborne leaves Downing Street in London

UK's Osborne says no change in police reform plans

Britain's Finance Minister George Osborne said Saturday the country must tackle its "deep-seated" social problems after riots spread across the country last week, but said it would stick to its plan to reduce police numbers.
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Italy calls for euro bonds, UK backs fiscal union

Italian Economy Minister Giulio Tremonti stepped up calls for a more coordinated response to the euro zone debt crisis, including the creation of euro bonds, ahead of a crucial Franco-German summit next week.
Reactions to UK Riots: People Show Positive Spirit to ‘Fight Back’

UK to tackle social problems after riots

Britain needs to tackle deep-seated social problems following riots and looting in English cities this week, the center-right government said on Saturday, and a U.S. street crime expert it has brought in said arrests alone would not solve the problem.

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