The Taliban has ravaged Pakistan, but its leadership is in tatters. After weeks of denials, two Pakistani Taliban commanders admitted on Aug
Hakimullah Mehsud: The New Head of Pakistan’s Taliban
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Pakistani Taliban names new leader
Taliban official Hakeemullah Mehsud has been selected the new head of the Pakistani Taliban, a local Taliban commander in Pakistan’s federally administered tribal areas told CNN Saturday. Mehsud was selected Friday by a 42-member Taliban council, or shura, according to Taliban commander Qari Haris. Another Taliban official — Maulvi Faqir Mohammad — had been tapped as Mehsud’s deputy, Haris said.
HSBC sees pre-tax profits drop by half
Banking group HSBC has seen its pre-tax profits slump by 51 percent for the first six months of 2009, tumbling to $5 billion compared to $10.2 billion for the same period a year ago. Meanwhile, total operating income for the half-year fell six percent to $40.2 billion, from $42.9 billion a year ago.
Germany’s Battle Against Scientology
The interior ministers of Germany’s 16 states have launched an investigation into the activities of the Church of Scientology, hoping to assemble the evidence to support banning the U.S.-based organization from operating in Germany. But skeptics question whether such a move is politically and legally tenable — or wise
Lloyds shares plunge following HBOS losses
Lloyds Banking Group saw its share price tumbled Friday after reporting worse-than-expected profits for its subsidiary HBOS. Shares for the UK-based banking group tumbled almost 35 per cent by the close of London trading Friday, Reuters.com reported. The Lloyds Banking Group, formed following the merger between HBOS and Lloyds TSB, began trading for the first time last month