A new body has been appointed to administer Libor - the London Interbank Offered Rate. A subsidiary of the Intercontinental Exchange Group (ICE), a global network of exchanges and clearing houses, has been appointed to ensure Libor cannot be rigged by banks again.
Close to 400 priests were defrocked in only two years by the former Pope Benedict XVI over claims of child abuse, the Vatican has confirmed. The statistics for 2011 and 2012 show a dramatic increase compared to previous years, according to a document obtained by the Associated Press (AP).
Cuba that is hosting a major regional summit at the end of the month will propose that Latin America and the Caribbean be declared a Zone of Peace, according to reports from the Cuban Foreign ministry.
Falkland Islands oil and gas exploration company, Rockhopper Exploration confirmed Monday that its finance director, Peter Dixon-Clarke, plans to step down from his position in early 2014.