World News

Tesco Says Misstatements Went on Longer Than First Thought

Oct 23, 2014/Bloomberg Tesco Plc (TSCO), the U.K.’s biggest supermarket company, said accounting irregularities that contributed to a slump in first-half profit pre-dated this year and that its chairman will leave. The shares fell as much as 7 percent. Previous profit estimates were overstated by 263 million pounds ($422 million), […]

Oil Slump Rings Alarm Bells for Nigeria as Elections Loom

Nigeria’s efforts to prop up its currency months before presidential elections are being undone by the slide in oil prices. The naira tumbled to within 0.3 percent of a record low as Brent crude fell to the lowest level in more than four years. While some of the world’s biggest […]

Oscar Pistorius Sentenced to 5 Years in Prison in Killing of Girlfriend

Oscar Pistorius, the South African track star once seen as an emblem of triumph over adversity, was sentenced on Tuesday to five years in prison for killing his girlfriend, Reeva Steenkamp. At the North Gauteng High Court in Pretoria, the South African capital, Judge Thokozile Matilda Masipa announced her ruling […]