Soldier hacked to death in London in suspected Islamist attack
LONDON - A British soldier was hacked to death by two men shouting Islamic slogans in a south London street on Wednesday, in what the government said appeared to be a terrorist attack.
Special Report - Poor planning left Texas fire-fighters unprepared
WEST, Texas - The fertilizer-plant explosion that killed 14 and injured about 200 others in Texas last month highlights the failings of a U.S. federal law intended to save lives during chemical accidents, a Reuters investigation has found.
IMF urges Britain to do more to boost growth
The IMF calls on Britain's government to do more to speed up slow economic recovery, hinting that the country might be able to afford to borrow more to fund investment. Full Article | Related Story
New cancer drugs to be a $35 billion market
A new wave of medicines that tap the power of the immune system to fight cancer could become the biggest drug class in history, with potential sales of $35 billion a year. Full Article | Related Story
Rich country investors returning home
The world's biggest investors may be rethinking 20 years of boosting overseas holdings and are instead seeking more stable cash income at home, as ageing societies and tighter regulation dull risk appetite. Full Article
Oil saving win-win drives Saudi solar boom
DUBAI - A slide in solar power costs and a surge in oil prices over the last few years has made solar power a win-win strategy for Saudi Arabia: saving billions of dollars of crude for export while making electricity at less than half the cost. Full Article
Sudan dreams of becoming global sugar player
NEAR SOFIYA, Sudan - Faced with the loss of most oil production after South Sudan seceded in 2011, Sudan has been scrambling to find new sources to pay for imports. Developing its sugar industry is a priority as is searching for gold. Full Article
What does Mohammad mean to today's Turks?
ANKARA - A hundred authors have selected a few hundred of the 17,000 or so reported quotes from Mohammad for a new Turkish compilation designed to examine Islamic views on God, faith and life in terms that the average modern Turk can understand. Full Article
U.S. Day Ahead: Sears' Lampert could sell more stores
May 22 - Analysts say look out for clues that Sears boss Edward Lampert will spin off Land's End and Sears Canada when the company reports earnings.
Latest Headlines
Apple tax fight needs global response
Apple followed the law, but its aggressive use of Irish subsidiaries to reduce tax payments fails the smell test. Ireland comes off as an unscrupulous tax haven, while the U.S. government looked the other way. It’s time for a new international deal on corporate taxes. Commentary
The European Union's unending quandary
The absence of democratic accountability meant the elites felt free to accelerate the development of a more and more integrated European Union, of which the euro was the largest innovation. Now, for many states, it’s the largest burden. Commentary
UK should get on front foot with City
Britain has been playing a defensive game in response to the barrage of misguided financial rules from Brussels. It now needs to sell the City as part of the solution to Europe's problems. The opportunity is huge. Commentary
Mayer puts exclamation mark back in Yahoo
Marissa Mayer's $1.1 billion deal to buy blogging site Tumblr bolsters the website’s firepower in the mobile arms race. It’s the latest sign that Mayer has the backing of her board and shareholders to take risks. In less than a year, she has turned Yahoo from a purple joke to part of the buzz. Commentary
Goldman trumps HSBC in financial Chinese chequers
Selling its final stake in lender ICBC leaves Goldman Sachs with an annual return on its investment of around 36 percent. HSBC, which just sold out of insurer Ping An after ten years, notched up a lesser 23 percent. The reason: the UK lender put strategic value before profit. Commentary
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Markets too sanguine on QE threat
The bursting of the gold bubble is just a harbinger of how vulnerable markets are to a tapering of quantitative easing, says Breakingviews. Other asset classes are also at risk. Video
Banks find no easy pickings in Russia
MOSCOW - Foreign banks that once treated Russia as virgin land where easy money could be made are now finding it a cut-throat market tougher than some bargained for. Full Article
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