BBC news with M
Prosecutors in New York have opened the first criminal case linked to the collapse of the Sub-Prime morgage market which linked to the current globle credit crisis that charged with fraud, two formal manages of the best sterns in western bank which almost went bankruptcy a year ago. The man overthrow multi-million dollar hedge-funds with collapsed in June. Our business reporter M reports.
"The two man R and M were highly regarded by the Wall-Street Investment Community. They speciallized in repackaging sub-prime morgage debt, homeland to Americans with poor credits histories has supposed at least safe securities, so to investors. Essentially they were accused of telling investors that things were fine while swaping massages to eath other, suggesting the news that market was about to crash."
The European Union has agreed to scrab sanctions against Cuba which were imposed after a crackdown on the decent in 2003, and include a freeze by senior officials. The EU X relations committioner X said they almost to encourage change in Cuba. Correspdant said Cuba was angered with X in 2005.
The Sectary General of the opposition MDC in Zimbabwe X has been formally charged with trison and election within, if convicted, he could face the death panelty. Mr. X was arrested when he return to Zimbabwe from South Afircan, to take part in the campaign against R Mongabe and next Presidential run of election. Peter Barrel reports.
"After a week in custody, T, the opposition's second commandar is finally been charged. But the party leader M dismissed the charges against Mr. B as prevelous, Zimbabwe's opposition will see the case a simply further case movement by the state to destroy the MDC's elecion campaign. The Presidential election run-off next week is been thrown into death because of the increasing violence. A senior western diplomat said the government is no longer waging a campaign and violence, he said it was now terror, play and simple"
The American Democratic contained for the presidency Barack Obama has decided to over the public funding for his election campaign, freeing himself to spend more than allowed onto the public system. His action reverses an eariler pledge may jointly publican opponant to use federal money. J reports from Washington.
"Barack Obama continues to make history. The first African American with a real shot to White House has becomes the first XX to the three decades old public financing system for the general election. Last year, Senator Obama said the if became the Democratic Nominee, he would work with the republican candidate to preserve a public finance general election. So the McCain campaign has accused him of breaking his word, adding that they don't need just spend as much as opponant to win in November."
World News from the BBC.
The Angla-Dutch oil company show has shut down production of its main offshore oil field in Nigeria, after an ovenight raid by militants, gunman in speed boat traveled about 100 km out to sea to attack the B oil field, the first time of being targeted. American worker on the supply was also kidnapped by gunman as they returned ashore that they were released sometime later.
The United Nation Security Council has voted unanimously in favor of the resolution classifying rape as a weapon of war. It has discribed liber use of rape as a tactican war as a threat to international security. L reports from New York.
"In conflict from Darfur, in the Western of Sudan, to the democratic Republic of Congo, when it was raped by those trying to conquer and intimidate. Sometimes the women were even raped by the peacekeepers was hoped to protecting them. For the first time, the UN Secutiry Council has recognized that rape when used as a tactic in the war can actually threaten international peace. The US push for this resolution which is been hailed by women's right groups as historic."
The Israeli Prime Minister A has insisted that his government peace talks with Palestian Authority are making progress. In an interview with BBC Arabic service, Mr. O said serious progress have been achieved by this years including the border's of the futher Palestinian state, he said Israel was prepared to compromise dramatically on the territorial use and the Palestinians will have to compromise, too.
In football, Germany has won the first quart-final of the European Championship with a 3-2 vitory over Purtugal in the Swiss city of B. The Purtugese went into the marches as one of the favourite for title, but the Germany's quickly took control of the game when the powerful performance by the midfield B fight , during the German attack, Germany now faces either C or theTurkey in the first term in final.
BBC news.