LONDON

Buildings are reflected in a sign at British Broadcasting Corporation offices in central London

BBC Plans to Cut 2,000 Jobs, Drastically Reshape Programming

The British Broadcasting Corp. (BBC) said it will eliminate 2,000 jobs and drastically revamp programming in an effort to reduce costs by 20 percent over the next five years. The company plans to cut its budget by £670 million ($1 billion) per year.
Employee Duncam Holden poses for a photograph with Gerhard Richter's artwork Abstract Painting Abstraktes Bild (CR:726) at the press launch of the new exhibition Gerhard Richter : Panorama at the Tate Modern gallery in London

Prized Painter Richter Calls Art Market 'Daft'

Gerhard Richter is one of the world's most prized living artists, and one of his famous Candle series is expected to fetch 6-9 million pounds ($9-14 million) at auction in London next week.
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Canada's message to Wall Street: we've got jobs

Canada's message to Wall Street: we've got jobs

As European banks seek state help and U.S. lenders shore up shaky balance sheets, Canada's well-performing banks have stepped up their efforts to poach talent from rivals around the world.
UBS

Trading Scandal: More Executive Heads Roll at UBS

Francois Gouws and Yassine Bouhara, the co-heads of UBS’ global equities, handed in their resignations, apparently taking responsibility for the actions of the London rogue trader who perpetrated illegal trades.
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S.Africa bonds gain, rand firms against dollar

South African government bonds and the rand currency ended firmer on Wednesday, boosted after a minister said the government would keep a lid on spending and tracking gains elsewhere as global risk appetite picked up.
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European court ruling strikes at soccer TV deals

A decision handed down Tuesday by a court in Luxembourg could significantly change the Premier League's TV contracts to broadcast its soccer matches in Europe, but its ramifications beyond live sports could prove to be minimal.
Mineworker

S.Africa, Zambia approve Metorex-Jinchuan deal

South Africa and Zambia have approved the $1.1 billion bid by China's Jinchuan Group for copper and cobalt producer Metorex, bringing closer prospects for the deal to be finalised by November.
50 rand

S.Africa rand stabilises vs dlr, bonds edge higher

South Africa's rand steadied against the rand on Tuesday and government bonds edged higher as tentative calm returned to the market although local assets are still vulnerable to contagion fears over Greece's heavy debt burden.
Residents gather at the scene of a suicide attack in Somalia"s

Rebels kill scores in Somali capital blast

Somalia's al Qaeda-linked rebels struck at the heart of the capital on Tuesday, killing scores of people with a truck bomb in the group's most deadly attack in the country since launching an insurgency in 2007.

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