BREAKING NEWS

2008-10-02

Business

UBS to make 'small profit'

A rare piece of good news from the banking world. Switzerland’s UBS has told its shareholders it expects to make “a small profit” in the third

Business

European shares sag

European stocks fell over 1% on Thursday, reversing a two-session recovery. Bleak US data on factory orders and jobs rekindled recession fears

World

Flash floods swamp Sahara oasis

Flash floods have killed at least 29 people in an oasis in the Algerian desert. Forty-eight people were injured by the floods in Ghardaia, and one