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China Bright Food to buy Manassen for over $516 million

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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.
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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.
Smoke billows from the Sony Centre in Enfield, north London

How Riots Stalked London Since World War II

The United Kingdom has a long history of rioting in places surrounding Braford, Notting Hill, Tottenham, Bristol, Birmingham, Liverpool, Bristol and several other places.
Muammar Gaddafi

Libya rebels take casualties in fight for Brega

Rebels on the eastern front of Libya's civil war lost 11 men in the past 24 hours fighting to capture the strategic oil terminal and refinery at Brega on the Mediterranean coast, hospital sources said.

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