UBS, it appears, had no idea that accused rogue trader Kweku Adoboli might be messing around with unauthorized risks in its London office, losing $2 billion. It's shocking that $2 billion could slip away so easily, but that's apparently what happened. The bank's analytics simply never caught on, and by now, you know what happened from there -- $2 billion is gone, and the 31-year-old Adoboli has been arrested by London police and charged with three counts while UBS, the Swiss bank with ...
Fewer newborn babies in China are dying today when compared to 1996, researchers found. A study shows that newborn deaths fell 62 percent, as it went from 24.7 per 1,000 live births in 1996 to 9.3 in 2008.
The future of the music business is social, free -- and hopefully profitable.
Yohan Blake ran a 19.26 in the 200-meter dash.
The Jamaican nearly shattered the 200 meter record.
A new study shows that such deaths fell 62 percent between 1996 and 2008: from 24.7 per 1,000 live births in 1996 to 9.3 in 2008. Researchers surveyed 1.5 million births over the 12-year period.
Gold rallied 1 percent on Friday in volatile trade, as the safe-haven bid for precious metals returned when a survey showed U.S. consumers gloomy about the economic outlook.
Charged UBS rogue trader Kweku Adoboli wept in court Friday during a 15-minute hearing in London over a charge of fraud and two charges of false accounting involving a $2 billion loss for the Swiss-based bank.
Major sports events like the Olympics and soccer World Cup should retain tight security to counter terrorist threats, but policing should be less visible and more flexible, a top international security expert said on Friday.
Whether you call them a restroom, loo, lavatory, toilet, or the facilities, they are always an important part of being on the go. With this in mind the members and editors of travel website VirtualTourist.com (www.virtualtourist.com) have compiled this list of the World's Top 10 Toilets.
Get briefed on the weekend's action as Manchester United and Chelsea face each other in an early-season grand slam while Liverpool and Tottenham will also battle it out at White Hart Lane.
Former Beatle Paul McCartney posted wedding banns this week at Westminster Register Office in Marylebone, central London.
Continued losses in the investment bank arena could lead to more restructuring and another round of job cuts to be unveiled in November.
Diamond producer De Beers said on Friday it had signed a new 10-year contract for the sorting, vaulting and sales of the diamond production of Debswana, its joint venture with the government of Botswana.
UK’s royal wedding of Prince William and Kate Middleton has set a world record of the most watched online event ever, according to the latest edition of the Guinness Book of World Records.
To say Toronto was abuzz with Hysteria would be an understatement.
Swiss bank, UBS AG, said it has suffered a $2 billion loss due to rogue trading and the London police arrested a 31-year-old man on suspicion of fraud.
Rockstar Games’ “Max Payne 3” which is scheduled for a March 25, 2012 release has just revealed its first trailer.
With UBS losing approximately $2 billion from unauthorized trades by a "rogue" trader, the road for recovery for the Swiss bank could be long.
Researchers used 'optical' laser tweezers and a super-resolution microscope to see the inner workings of white blood cells at the highest resolution ever.
Nicolas Sarkozy and David Cameron landed in Libya to a heroes' welcome on Wednesday, promising help for the new rulers that French and British air power helped to install and being told the favour may be repaid in business contracts.
Gadhafi told the world that his four-year-old girl died during the Regan-era bombing raids on Libya in 1986. But is she alive, living in Tripoli as a doctor?
