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LONDON (Reuters) - British baby and maternity products retailer Mothercare reported a better than expected rise in full-year profits on Thursday, but also revealed a slow pace of recovery at the group's core UK business. Mothercare's UK division, which accounts for 40 percent of group sales and is competing with a growing number of online retailers and supermarkets, made a loss of 21.7 million pounds for the year, after a 24.7 million pounds loss a year earlier. ...
BANGKOK (AP) — Japanese stocks plummeted Thursday after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting atop months of massive gains in share prices. The Nikkei 225 in Tokyo nosedived 7.3 percent to close at 14,483.98, its worst drop since the 2011 tsunami.
By Andrei Khalip LISBON (Reuters) - President Anibal Cavaco Silva thanked Portugal's patron saint for a long-delayed approval of Lisbon's bailout review last week, but the head of state could claim a share of the credit for himself. The conservative president's role has grown far beyond his figurehead status in the past few weeks. With the president on his side, Prime Minister Passos Coelho appears immune to opposition calls for an early election, despite a teetering coalition, record-low popularity in opinion polls and protests and strikes promised for late May and June. ...
By Jonny Hogg GOMA, Democratic Republic of Congo (Reuters) - Rebels in eastern Congo announced a ceasefire on Thursday in fighting with government troops hours before a visit to the conflict-plagued zone by U.N. Secretary General Ban Ki-moon and World Bank President Jim Yong Kim. "We've decided to announce this ceasefire to allow His Excellency Ban Ki-moon to visit Goma as he promised," Amani Kabasha, political spokesman for the M23 rebel group, told Reuters following several days of clashes in the east near Goma on the Democratic Republic of Congo's border with Rwanda. ...
DHAKA, Bangladesh (AP) — The defects and errors that led to the world's deadliest garment-industry accident extend from the swampy ground the doomed Rana Plaza was built on, to "extremely poor quality" construction materials, to the massive, vibrating equipment operating when the eight-story building collapsed, a committee appointed by Bangladesh's government concluded.
By Peroshni Govender JOHANNESBURG (Reuters) - A South African government report released on Wednesday implicated President Jacob Zuma in a scandal over a plane chartered by rich friends of his which landed at a military base without proper permission. The presidency and Zuma's ruling African National Congress (ANC) have denied demanding landing permission for the flight carrying nearly 200 guests for a wedding. But a diplomatic protocol chief Bruce Koloane said he acted "under pressure from No. 1", a direct reference to Zuma, the report said. ...
By Maria Golovnina and Guy Faulconbridge LONDON (Reuters) - A British soldier was hacked to death by two men shouting Islamic slogans in a south London street, in what Prime Minister David Cameron said appeared to be a terrorist attack. A dramatic clip filmed by an onlooker just minutes after the killing showed a man with hands covered in blood, brandishing a bloodied meat cleaver and a knife. "We swear by almighty Allah we will never stop fighting you. ...