Report calls UK financial watchdogs cowed and secretive
By Huw Jones LONDON (Reuters) - Two British watchdogs set up to apply lessons from the financial crisis will sleepwalk into the next banking meltdown if they don't make big changes, a report said on Tuesday. Annual spending on financial regulation has tripled to 1.2 billion pounds since taxpayers had to bail out a string of UK lenders in the 2008 banking crisis.
Four dead after Australia theme park disaster
Two women and two men were killed at a theme park on Australia's popular Gold Coast Tuesday, police said, with witnesses describing how "everyone was screaming" after a raft apparently flipped on a water ride. Queensland police said the four victims died on the Thunder River Rapids ride at the Dreamworld park, as Prime Minister Malcolm Turnbull extended his prayers to their families over what he called a "very, very, sad, tragic event". "Four adult persons have lost their lives as a result of the incident," Queensland Police spokesman Todd Reid told reporters on the Gold Coast.
Nissan hiring 300 to develop common connected car technology
YOKOHAMA, Japan (AP) ? The top executive overseeing connected vehicles at Nissan and Renault believes the benefits of developing a common technology for connectivity within the Japanese and French auto partnership outweigh the risks of sustaining huge damage from a possible defect or cyberattack.
Obama mixes talk of 'mean tweets,' politics on Jimmy Kimmel
LOS ANGELES (AP) ? President Barack Obama entertained Jimmy Kimmel's audience with some of the mean tweets sent his way, beginning with one sent by Donald Trump in August when he said "President Obama will go down as perhaps the worst president in the history of the United States."
Congolese oppose extension of Kabila's mandate, poll shows
By Aaron Ross KINSHASA (Reuters) - Congolese overwhelmingly oppose changing the constitution to allow President Joseph Kabila to stand for a third term and believe he should step down at the end of his mandate in December, according to a opinion poll published on Tuesday. Democratic Republic of Congo's ruling coalition and part of the opposition have agreed to delay the vote from this November to April 2018, citing difficulties enrolling millions of voters But the main opposition bloc rejects the accord, saying it allows Kabila to cling to power and remove constitutional term limits. The poll, conducted by the Congo Research Group at New York University in collaboration with a Congolese polling institute, sampled 7,545 respondents in Congo's 26 provinces in face-to-face interviews between May and September.
German business confidence hits two-year high in October
Kidman, Woodley, Ford feted at glamorous InStyle event
LOS ANGELES (AP) ? The sprawling stone grounds of the Getty Center might have seemed an imposing space, but the second annual InStyle Awards held Monday night in Los Angeles still had the feel of a cozy, albeit extremely glamorous, family reunion.
Shabaab bomb attack in Kenya killed 12
A bomb blast at a guesthouse in northeast Kenya killed at least 12 people on Tuesday, in an attack claimed by Shabaab militants which last hit the area earlier this month. "We have found 12 bodies so far after we managed to access the building," a senior police officer told AFP. The Al-Qaeda-linked Shabaab militant group claimed the attack in a message broadcast by its Radio Andalus media organisation, claiming 15 were killed.
'Jackie' says PTSD hampers memory of sex assault, aftermathCHARLOTTESVILLE, Va. (AP) ? The woman who claimed she was brutally gang raped in a story by Rolling Stone magazine that was later retracted said in a video played in court that she suffers from post-traumatic stress disorder, which makes it difficult to recall the details of her assault and the years that followed.
UK to decide which airport expansion proposal to acceptLONDON (AP) ? Britain's government will reveal how it plans to expand London's airport capacity, more than a year after a special commission recommended a third runway at Heathrow.