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UBS trader Kweku Adoboli arrives at City of London magistrates' court in the City of London

Ex UBS Trader Adoboli Denies Fraud, Faces Trial

The trial, which is likely to shine a searching light on the adequacy of the bank's management and risk controls, could land Adoboli with a maximum 10-year jail sentence if convicted of the two counts of fraud and two of false accounting.
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South Sudan Cuts Oil Flow, Demands Border Pact

South Sudan has totally shut down oil output in a dispute with Sudan over export transit fees and will only restart after the two reach a deal covering border security and the disputed Abyei region, its oil minister said Sunday.
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Syrian Troops Assault Rebel-Held Towns Near Damascus

Around 2,000 Syrian troops backed by tanks launched an assault to retake Damascus suburbs from rebels Sunday, activists said, a day after the Arab League suspended its monitoring mission in Syria because of worsening violence.
Iran Nuclear Issues

Iran Unlikely to Build A-Bomb This Year: Report

Iran is unlikely to move toward building a nuclear weapon this year because it does not yet have the capability to produce enough weapon-grade uranium, a draft report by the Institute for Science and International Security said Wednesday.
Free Syrian Army

France and Britain Join Push at U.N. to Oust Assad

Arab League monitors said the withdrawal of colleagues by Gulf Arab states would not hinder their work in Syria while France and Britain Wednesday joined efforts at the United Nations to end President Bashar al-Assad's rule.

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