Australia’s NAB swings back into net profit

3 May

National Australia Bank posted a 2.3 percent rise in interim cash earnings Thursday and swung back into net profit after offloading loss-making British banking operations.The lender’s cash profit in the six months to March 31, the financial industry’s …

Tillerson lays out US diplomatic priorities

3 May

Secretary of State Rex Tillerson laid out his plans Wednesday for tackling world issues including the standoff with North Korea, which he called the most urgent challenge the United States has to deal with.”Three months after taking over the State Depa…

Obama unveils presidential library designs

3 May

Barack Obama on Wednesday unveiled the vision for his presidential library in Chicago, a modern, $500 million project he hopes will be a training ground for future leaders housed in the city that launched his career. Speaking on the city’s south side n…

Verizon wins streaming rights for NFL London game

3 May

US telecom giant Verizon has won the right to stream a National Football League game from London in September, expanding the online presence for professional American football games.Terms were not announced, but The Wall Street Journal reported Verizon…

Daughter of late Rwandan tycoon to challenge Kagame

3 May

The 35-year-old daughter of a tycoon who once bankrolled the ruling Rwandan Patriotic Front said Wednesday she plans to run as an independent candidate against President Paul Kagame in August’s elections.”Everybody is scared to express themselves becau…

US visa exemption rules in Republican crosshairs

3 May

Congressional Republicans sounded an alarm Wednesday over rules allowing millions of Europeans to travel to the United States without a visa, warning that jihadists could exploit weak links in the program.The Islamic State and Al-Qaeda extremist groups…

Tesla revenues surge as it ramps for Model 3 launch

3 May

Tesla said Wednesday that revenues more than doubled in the past quarter compared with a year ago, as the electric carmaker prepared for production of its new mass-market vehicle.In its update for the first quarter Tesla said its Model 3 development “i…

Facebook profit jumps as user base nears 2 billion

3 May

Facebook on Wednesday reported its quarterly profit jumped just over $3 billion as its ranks of monthly users closed in on two billion.The leading social network said it made a profit of $3.06 billion on $8.03 billion in revenue in the first three mont…

Ko, Ariya among top seeds for LPGA Match Play event

3 May

World number one Lydia Ko and Thailand’s third-ranked Ariya Jutanugarn are among the top seeds for the LPGA Lorena Ochoa Match Play event that tees off here Thursday.South Korean-born New Zealander Ko, who withdrew from last week’s LPGA Texas Shootout …

Eagles sue Mexican ‘Hotel California’

3 May

The Eagles have sued a “Hotel California” in Mexico, saying the owners falsely insinuated an association with the band’s famous song.The country-rooted rockers, whose hits from the 1970s make them among the top-selling bands of all time, asked the Hote…

No charges over US police shooting of Alton Sterling

3 May

The US Justice Department said Wednesday it has decided not to bring charges in the videotaped police killing last year of Alton Sterling, a black man whose fatal shooting in Baton Rouge, Louisiana fuelled nationwide protests.The decision marked the fi…

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Pitt opens up about drinking, Jolie split

3 May

Brad Pitt has admitted heavy drinking helped ruin his marriage and revealed he is teetotal and in therapy in his first interview since his shock split from Angelina Jolie.Jolie, 41, filed for divorce in September, citing irreconcilable differences. She…

Israel eases restrictions on Gaza fishermen

3 May

Israel said Wednesday it had eased restrictions on Gaza fishermen, allowing them to travel up to nine nautical miles off the coast of the blockaded territory instead of the previous six.COGAT, the Israeli defence ministry agency responsible for civilia…

Europol probing IS setting up of social network

3 May

European police are probing whether the Islamic State group and other extremists are setting up a social network to spread propaganda, gain funding and avoid security crackdowns, an official said Wednesday.”We are investigating the possibility that IS …

Top-ranked Johnson returns after back injury layoff

3 May

World number one Dustin Johnson, who withdrew from the Masters after injuring his back on the eve of the year’s first major, returns to competition Thursday at the Wells Fargo Championship.The 32-year-old American, who defends his first major title at …

Puerto Rico seeks bankruptcy protection: governor

3 May

The governor of Puerto Rico announced Wednesday that the US territory would seek a form of bankruptcy protection to restructure its $70 billion debt, the largest municipal restructuring in US history.By declaring bankruptcy, the territory can prevent a…

US Federal Reserve keeps key lending rate unchanged

3 May

The US Federal Reserve on Wednesday made no change in the benchmark interest rate and downplayed recent weak economic growth, a signal it likely will remain on course for gradual rate hikes.The Fed’s policy-setting Federal Open Market Committee voted u…

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Ruthless Traore sparks Ajax rout of Lyon

3 May

On-loan Chelsea forward Bertrand Traore scored twice and grabbed an assist as Ajax trounced Lyon 4-1 in the first leg of Wednesday’s Europa League semi-final.The Burkina Faso international nodded Ajax ahead after 25 minutes at the Amsterdam Arena befor…

Wild dolphins are sicker than captive ones: US study

3 May

Wild dolphins are exposed to more pollutants than their captive counterparts, which could explain why they face higher rates of illness and disease, US researchers said Wednesday.The study in the journal PLOS ONE analyzed the health of two wild dolphin…

Fancied Classic Empire draws post 14 for Kentucky Derby

3 May

Oddsmakers favorite Classic Empire drew the number 14 post on Wednesday for the 143rd running of the Kentucky Derby, the leadoff race in America’s Triple Crown thoroughbred horse racing series.Classic Empire is a 4-1 favorite in the field of 20 for Sat…

Alonso starts ‘the real deal’ at IndyCar

3 May

Two-time Formula One champion Fernando Alonso made his first IndyCar test at the Indianapolis Motor Speedway on Wednesday, getting a taste of the famed oval ahead of his appearance in the famed May 28 race.The 35-year-old Spaniard is skipping this year…

Former NBA star Roy recovering after shooting

3 May

Former Portland Trail Blazers star Brandon Roy is recovering after being injured in a shooting in Los Angeles, reports said Wednesday.KING-TV in Seattle said Roy was treated for wounds following the shooting before returning to Washington state, where …

Strike-delayed European rocket launch to go ahead

3 May

A satellite launch delayed since March 20 due to a crippling general strike in French Guiana, will go ahead on Thursday, launch firm Arianespace said.An Ariane 5 rocket is set to hoist two telecommunications satellites, one South Korean and the other B…

Egypt’s Sisi in UAE for talks

3 May

Egyptian President Abdel Fattah al-Sisi arrived in the United Arab Emirates on Wednesday for talks with top officials, state media said.Sisi’s visit comes 24 hours after the UAE brokered a meeting between Fayez al-Sarraj, head of Libya’s UN-backed Gove…

Giro champion Nibali struggling with Scarponi loss

3 May

Defending Giro d’Italia champion Vincenzo Nibali said he is still coming to terms with the death of former teammate Michele Scarponi as he prepares to launch his bid for a third pink jersey.Scarponi, 37, was killed in a road accident on April 22 during…

Blast traps at least 26 miners in Iran

3 May

An explosion at a mine in northern Iran on Wednesday left at least 26 workers trapped in a mile-long tunnel filled with gas that hampered rescue efforts, media reports said.The coal mine in Golestan province collapsed when methane gas exploded undergro…

Gatland upbeat about injured Lions trio

3 May

British and Irish Lions coach Warren Gatland gave an optimistic fitness update on injured trio Sam Warburton, Conor Murray and Alun Wyn Jones on Wednesday.The three players were last month named in a 41-man squad for the Lions’ tour of New Zealand in J…

AFP photojournalist wins top Arab media prize

3 May

A Palestinian photographer with AFP, Jaafar Ashtiyeh, has won the prize for best photograph at an annual Arab journalism awards ceremony held in Dubai.Ashtiyeh won the Arab Journalism Award for his coverage of clashes in the village of Kfar Qaddum on t…