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Banks failing coast to coast show spreading Africa distress

  Bloomberg African banks are sinking deeper into trouble. Drowning in bad debt and swamped by slowing economies, more and more of the continent’s lenders are starting to fail. The collapse of a Ugandan bank, said to be an acquisition target of Bob Diamond’s Atlas Mara Ltd., is adding to woes stalking the industry from Mozambique to Nigeria. High interest ...

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Hackers hinder internet taking down sites

  San Francisco / AFP Cyber attacks pounded the underpinnings of the internet, crippling Twitter, Netflix and other major websites with the help of once-dumb devices made smart with online connections. Waves of attacks incapacitated a crucial piece of internet infrastructure, hampering or outright blocking access to popular online venues. “When I see something like this, I have to think ...

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Facebook to allow more graphic news

  San Francisco / AFP Facebook said that it will begin allowing more graphic or potentially disturbing newsworthy posts to be shared at the leading online social network. “We’re going to begin allowing more items that people find newsworthy, significant, or important to public interest — even if they might otherwise violate our standards,” Facebook vice presidents Joel Kaplan and ...

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