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Raoul Weil, 54, has "agreed to extradition to the US because he has always been prepared to confront these charges," his New York-based lawyer Aaron Marcu told AFP late on Monday. Weil, who was once chairman of the global wealth management service at Switzerland's biggest bank UBS, was indicted by a US federal grand jury in 2008 for his alleged role in overseeing the US cross-border business.
Facebook is boosting its efforts to put more news in its News Feed. The world's biggest social network, cognizant of its growing importance for discovering news, said in a blog post on Monday that it is revising the way it delivers information to its billion-plus users. "People use Facebook to share and connect, including staying current on the latest news, whether it's about their favorite celebrity or what's happening in the world," said the blog post from Facebook engineering manager Varun Kacholia and software engineer Minwen Ji. "We've noticed that people enjoy seeing articles on Facebook, and so we're now paying closer attention to what makes for high quality content, and how often articles are clicked on from News Feed on mobile.
Online retail sales for Cyber Monday grew 16 percent from last year to $2.29 billion, lifted by more shopping on mobile devices, a market tracker said Tuesday. The Adobe Digital Index survey said online sales for the key holiday shopping day reflected an 80 percent jump in sales from mobile devices like smartphones and tablets. Mobile accounted for some 18.3 percent of online sales. Cyber Monday stems from the early days of the Internet, when consumers would use their fast Internet connections at work to make online holiday purchases.
BANGKOK (AP) — The political crisis that has engulfed Thailand's capital for more than a week eased suddenly Tuesday after the prime minister ordered police to stop battling anti-government protesters. The move was timed to coincide with celebrations of the king's birthday later this week, a holiday that holds deep significance in the Southeast Asian nation.
It was a flourishing packing business in Iran's historic city of Isfahan, but the last two years of harsh economic sanctions brought the family enterprise to its knees. Owner Gholam Dolatmardian struggled to raise the funds to keep going but finally succumbed to the inevitable, laying off his 100-strong workforce and closing the doors of the once prosperous factory. The prospects for a revival of his business and those of thousands of others may depend on an interim nuclear accord reached between Iran and world powers last week. The deal has allowed those Iranians seeking greater foreign contact and the economic opportunities it brings to see a glimmer of hope for the first time in years.
By Crispian Balmer JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu should take the heat out of his row with U.S. President Barack Obama, his top coalition partner said on Tuesday, warning that the spat over Iran was not helping Israel. Relations between Israel and Washington, traditionally the closest of allies, have soured over the past month, with Netanyahu openly criticizing Obama for backing a world powers' deal aimed at curbing Iran's nuclear activities. Some analysts and commentators have said the dispute has pushed relations between the two countries to their worst level in more than 20 years, causing unease in Israel which relies heavily on military and diplomatic support from Washington. Lapid said he agreed the Iran interim accord was not good, backing the generally held view in Israel that it let Tehran off the hook just as economic sanctions were hurting, but said Netanyahu needed to air his frustrations in private.
By Maria Tsvetkova MOSCOW (Reuters) - Russian dancer Pavel Dmitrichenko was sentenced to six years in a high-security prison on Tuesday for ordering an acid attack that nearly blinded the artistic director of the Bolshoi Ballet and tarnished the reputation of the renowned theatre. A judge announced the sentence after convicting Dmitrichenko and two co-defendants of the attack on Sergei Filin last January, which exposed poisonous rivalries over roles, money and power at one of Russia's most prominent cultural institutions. Yuri Zarutsky, who admitted to being the masked attacker who threw acid in Filin's face in January, was sentenced to 10 years in prison. Andrei Lipatov, who drove Zarutsky to the scene, was sentenced to four years.