Iran's Revolutionary Guards Corps has stepped up its presence in Latin America, especially in Venezuela, according to a Pentagon report to the United States Congress partially de-classified this week.
US President Barack Obama has attacked critics of his banking reforms in a speech which warned that without change the financial crisis will be repeated. Reckless practices and financial firms that acted like “bandits” should never be allowed to operate again, he said.
An oil rig in the Gulf of Mexico that caught fire after an explosion on Tuesday night has now sunk, the US Coast Guard has said. A search is continuing for 11 missing workers after the blast at the Deepwater Horizon rig. The other workers on the rig, off Louisiana, were evacuated to the US.
General Motors repaid Wednesday 8.1 billion US dollars in government loans, five years ahead of schedule and nine months after the troubled auto giant declared bankruptcy, signalling that the auto maker may be on the path to profitability.
Goldman Sachs Group Inc said first-quarter earnings nearly doubled, while in London Britain's financial regulator launched a formal probe related to civil fraud allegations against the Wall Street bank.
Brazil and United States topped the list of nations demanding private information about Google users, according to a tool the web giant unveiled Tuesday.