Washington / AFP The US Justice Department sued the British financial giant Barclays, accusing the bank of massive fraud in the sale of mortgage-backed securities which contributed to the global financial crisis of 2008. Barclays was one of several major banks implicated in the crisis, along with Deutsche Bank, Royal Bank of Scotland and Credit Suisse, that so far ...

  Bloomberg Kazakhstan has extended an emergency loan to the country’s biggest bank, the first step in what could be a rescue that may reach 1.5 trillion tenge ($4.5 billion), according to people familiar with the plans. A bailout is among the alternatives under discussion between officials from Kazkommertsbank JSC and the central bank as Kazakhstan edges closer to its ...

  Mbau / AFP Antoine Kakule Kihumuledi longs for a car to transport his cocoa crop and, like fellow residents in the Beni region in eastern Democratic Republic of Congo, he wants peace so he can pursue his dreams. Kakule, 51, is a pioneer in cultivating cocoa in this area of Nord Kivu province, which has been ravaged by war ...