JOHN HEILPRIN

Associated Press
Add To Watchlist

Gates injects $750M in troubled Global Fund

Bill Gates pledged $750 million on Thursday to fight three killer diseases and rescue a beleaguered health fund whose financial losses have cost it donor support.

Continue reading this entry ...

APNewsBreak: Obama to protect US goods globally

President Barack Obama has adopted a new strategy declaring for the first time that the United States has a national security interest to protect the nation's economic goods against terrorists, criminals and natural disasters in all corners of the globe.

Continue reading this entry ...

Embattled health fund director resigns

The head of the $22.6 billion Global Fund to Fight AIDS, Tuberculosis and Malaria has abruptly resigned, part of a shakeup in its top management since revelations about corruption and misspending severely rattled some of its biggest donors.

Continue reading this entry ...

UN sets stage for blazing fast new mobile devices

A United Nations telecom meeting has approved the next generation of mobile technology, which experts say will make devices 500 times faster than 3G smartphones and eliminate the wait time between the tap of a finger and the appearance of a Web page.

Continue reading this entry ...

Merkel cool to calls for boosting bailout fund

German Chancellor Angela Merkel has rejected calls for a big increase in the eurozone's rescue fund.

Continue reading this entry ...

World trade body agrees to Russia becoming member

The World Trade Organization agreed Friday to allow Russia to become its newest member, giving a critical boost to the ailing economy of its biggest trading partner, the European Union.

Continue reading this entry ...

Evidence of child labor in Mali gold mines

Gold mined by children living in poverty in Mali is making its way into the international supply chain where it has been purchased mainly by trading houses in Switzerland and the United Arab Emirates, Human Rights Watch said in a report Tuesday.

Continue reading this entry ...

Report: 3 Swiss to avoid trial in nuclear case

Swiss prosecutors will opt to avoid a public trial for three Swiss men suspected of giving nuclear weapons technology and supplies to a rogue network in Pakistan, a newspaper reported Sunday.

Continue reading this entry ...

Global health fund probe uncovers $20m in losses

A global health fund investigating its own losses in grant money said Tuesday that 12 more probes had turned up an additional $20 million of mismanagement, alleged fraud and misspending.

Continue reading this entry ...

Credit Suisse to cut 1,500 jobs after weak Q3

Switzerland's second-biggest bank Credit Suisse Group AG said Tuesday it will trim its staff by a further 1,500 globally and reorganize its securities unit despite reporting a modest uptick in year-on-year third quarter profits.

Continue reading this entry ...

UN, drug makers to pool data on tropical diseases

Eight drug makers have agreed to create a U.N.-administered pool of patented information and other data to spur new research into 21 tropical diseases and ailments, industry and U.N. officials said Wednesday.

Continue reading this entry ...

UBS sees Q3 profit drop 39 pct due to rogue trade

Scandal-hit Swiss bank UBS AG reported Tuesday a 39 percent drop in third-quarter profit, slightly less than feared, due to a rogue trading loss in September that has thrown Switzerland's largest bank further into turmoil.

Continue reading this entry ...

Major investors seek new carbon emissions treaty

Large investors representing more than $20 trillion (euro14.62 trillion) in assets urged governments on Wednesday to sign a binding treaty on carbon emissions at the U.N. climate talks in South Africa in December.

Continue reading this entry ...

Syria slams critics at UN review of rights record

Syria's deputy foreign minister Faisal Mekdad has told the U.N. Human Rights Council that his nation is under attack from criminals who have killed 1,100 citizens with arms supplied by neighboring countries.

Continue reading this entry ...

UBS co-heads of equities department resign

UBS says the co-heads of its Global Equities department have resigned following the trading scandal that cost the Swiss bank $2.3 billion.

Continue reading this entry ...

Panel urges tough Global Fund financial safeguards

A $22 billion global health fund that's been criticized by donors and skeptics since disclosing alleged fraud in its grants must adopt tougher financial safeguards, an independent panel recommended Monday.

Continue reading this entry ...

WTO panel rules US tuna labels too restrictive

The popular "dolphin-safe" labels used to market tuna sold in the U.S. are illegal because they restrict too much trade, a World Trade Organization panel ruled Thursday in handing a partial victory to Mexico.

Continue reading this entry ...

Central bankers see slowdown but no recession

The world's leading central bankers said Monday that while the global economy is slowing they do not expect it to enter recession, but stand ready to provide liquidity support to banks in need.

Continue reading this entry ...

Swiss bankers oppose another US tax treaty

Swiss banking officials lashed out Monday at the possibility of yet another tax treaty with the United States aimed at handing over the details of more Americans suspected of using Swiss banks to cheat on their taxes.

Continue reading this entry ...

Strong Swiss franc punches holes in cheese exports

The Emmental Show Dairy has cranked out tons of cheese for years. But now it's in trouble — production is down by a third and the company fears it may be forced to cut back to just a few wheels a day, enough to show tourists.

Continue reading this entry ...

Swiss shoppers with francs cross borders for deals

The city bus is packed as it leaves downtown, winding away from the sparkling waters of Lake Geneva and through neighborhoods sitting hard along the border with France.

Continue reading this entry ...

UN: Aid will still go to Somalia despite fraud

The U.N. World Food Program insisted Tuesday it won't reduce emergency aid shipments to Somalia despite allegations of fraud, saying that though such complaints are frequent it doesn't believe there have been big losses.

Continue reading this entry ...

UN: Famine helps militants, new refugee camp opens

Islamic militants in Somalia who deny there's famine and block most aid are enjoying a boon in recruitment by giving people money at a time of rising food prices, United Nations officials said Friday.

Continue reading this entry ...

Groups ask Swiss to prosecute Sri Lankan diplomat

Two advocacy groups asked Swiss authorities Thursday to pursue war crime charges against a former Sri Lankan army commander now serving as a European diplomat, reflecting still-simmering Western concerns about the South Asian island nations' human rights record.

Continue reading this entry ...

Global airline profits hit by sky-high fuel costs

Sky-high fuel prices have hit the profits of the world's airlines though Europe's carriers recovered after suffering last year from a volcanic ash cloud that brought traffic to a standstill, the industry's main lobby group said Wednesday.

Continue reading this entry ...