South African mining union backs Ramaphosa as ANC president
South Africa's National Union of Mineworkers (NUM) wants Deputy President Cyril Ramaphosa to succeed President Jacob Zuma as leader of the ruling African National Congress (ANC), it said on Monday. A decision has been taken "to support the candidacy of Cyril Ramaphosa for president", NUM, one of South Africa's biggest unions, said in a statement. Zuma is expected to stand down as the ANC president at a party conference late next year, ahead of national elections in 2019 when his tenure as the country's leader will come to an end.
Labour plans borrowing to revive industry, win back supporters
By William James LIVERPOOL, England (Reuters) - Britain's opposition Labour Party promised on Monday to use borrowed money to protect struggling industries and spur growth, setting out an economic policy it hopes will re-engage with working class voters who backed leaving the European Union. Predicting a snap election next year, Labour is using its annual conference to outline its plans to win back the voters that abandoned the party at a 2015 election and spurned the political establishment by backing Brexit. Labour re-elected leader Jeremy Corbyn on Saturday following a failed attempt to oust him after the EU referendum.
Germany's Lanxess to buy U.S. chemical firm Chemtura for $2.7 billion
By Ludwig Burger FRANKFURT (Reuters) - Lanxess AG is to buy U.S. speciality chemical company Chemtura for 2.4 billion euros ($2.69 billion) including debt in the German company's largest ever takeover, moving it further away from its main synthetic rubber business. Lanxess's offer of $33.50 per share is a premium of about 19 percent to the Philadelphia-based company's share-price close on Friday. The world's largest synthetic rubber maker will use existing funds and new debt to buy Chemtura, Lanxess said in a statement, describing the deal as its largest ever acquisition.
Bosnian Serbs overwhelmingly vote to keep disputed holiday
Japan's leader vows to accelerate economic measures, TPP
TOKYO (AP) ? Japanese Prime Minister Shinzo Abe has pledged to accelerate his mix of policies to prop up Japan's economic recovery and speed up parliamentary approval of the Trans-Pacific Partnership trade pact.
Siemian shows that Broncos have all they need in 29-17 win
LEADING OFF: Marlins home for 1st game since Fernandez death
India skittle New Zealand for victory in 500th Test
India's 500th Test match ended in victory celebrations Monday as they romped to a 197-run triumph in their series opener against New Zealand, with Ravichandran Ashwin taking six wickets. New Zealand resumed their second innings on 93 for four at the start of the fifth and final day in pursuit of an unlikely 434-run victory target, but were bowled out shortly after lunch for 236. Ashwin, who recorded his 19th five-wicket haul in Tests, and left-arm spinner Ravindra Jadeja shared 16 wickets between them in the match to flatten the New Zealand batting at Kanpur's Green Park.
Iran issues local credit cards for the first time in decadesIranian media are saying the country's banks will begin issuing credit cards for the first time in decades. The Monday report by several newspapers, including the daily Donya-e-Eqtesad, say the cards will ...
Singapore scion buys 49 percent stake in Rolling Stone
A Singapore firm headed by a scion of one of Asia's richest families has bought a 49 percent stake in Rolling Stone, with plans to diversify the iconic magazine into new business including live events and merchandising. BandLab Technologies, a music and technology start-up headed by 28-year-old Kuok Meng Ru, bought the stake for an undisclosed sum and will partner current owners Wenner Media, the firms said in a statement late Sunday. Rolling Stone International, a new subsidiary to be headed by Kuok, will organise events including concerts and develop merchandising and hospitality services, Bloomberg News reported.