Libya rivals 'positive' on peace draft

Libya rivals 'positive' on peace draft

Libya’s warring factions have reacted positively to a draft peace agreement, the UN envoy said Tuesday, as they head for talks in Berlin with world powers anxious for an end to the conflict. Libya descended into chaos after a 2011 NATO-backed uprising toppled and killed veteran dictator Moamer Kadhafi, with heavily armed former rebels carving out fiefdoms across the country. Bernardino Leon, chief of the United Nations Support Mission in

HSBC to cut global headcount by up to 50,000

Scandal-hit bank HSBC said Tuesday it would cut its global headcount by up to 50,000 as part of a restructuring that entails its withdrawal from Brazil and Turkey, while it also mulls abandoning London as its HQ. “HSBC is now undertaking a significant reshaping of its business portfolio,” said the bank, which this year marks its 150th anniversary. HSBC said there would be a 10 percent reduction in jobs, with

Former U.S. House Speaker Hastert to appear on federal charges

Hastert is due to be arraigned in federal court in Chicago on Tuesday on charges of trying to hide large cash transactions and lying to the FBI about it. According to an indictment, Hastert, 73, was trying to evade detection of $3.5 million in payments he had promised to make to someone from his hometown of Yorkville, Illinois, to conceal past misconduct against the person. Law enforcement officials have said

Former U.S. House Speaker Hastert to appear on federal charges

Hastert is due to be arraigned in federal court in Chicago on Tuesday on charges of trying to hide large cash transactions and lying to the FBI about it. According to an indictment, Hastert, 73, was trying to evade detection of $3.5 million in payments he had promised to make to someone from his hometown of Yorkville, Illinois, to conceal past misconduct against the person. Law enforcement officials have said