Originally published on Thu April 23, 2015 11:58 am
Deutsche Bank, Germany's largest bank, has been fined $2.5 billion dollars by U.S. and U.K. regulators for trying to manipulate the so-called Libor rate, a benchmark for inter-bank loans, which in turn is used to set interest rates on everything from credit card debt to mortgages.
The German bank is one of eight financial institutions, including Swiss-based UBS and the Royal Bank of Scotland, that were caught up in the scandal, which involved dozens of traders and managers,and spanned a four-year period from 2005-2009.
Originally published on Thu April 23, 2015 12:14 pm
Updated at 11:49 a.m. ET
President Obama offered his "grief and condolences" to the families of the American and Italian aid workers killed in a U.S. counterterrorism operation in January. Both men were held hostage by al-Qaida.
"I take full responsibility for a U.S. government counterterrorism operation that killed two innocent hostages held by al-Qaida," Obama said.
For the first time, scientists have edited DNA in human embryos, a highly controversial step long considered off limits.
Junjiu Huang and his colleagues at the Sun Yat-sen University in Guangzhou, China, performed a series of experiments involving 86 human embryos to see if they could make changes in a gene known as HBB, which causes the sometimes fatal blood disorder beta-thalassemia.
Originally published on Thu April 23, 2015 11:19 am
The European Union appears close to an agreement to would step up efforts to rescue migrants trying to reach EU countries by crossing the Mediterranean. The measures would include capturing and destroying human traffickers' vessels. The move comes days after as many as 900 drowned when a single boat capsized off the Libyan coast.
Originally published on Thu April 23, 2015 12:17 pm
The Calbuco volcano in southern Chile erupted this week for the first time in four decades. Quiet since 1972, it's blown twice since Wednesday, generating striking images and concerns over the effects of both the lava and a mammoth cloud of ash.
Originally published on Thu April 23, 2015 11:18 am
How many different flavors of jam do you need to be happy?
In 2000, a famous experiment showed that when people were presented with a supermarket sampler of 24 exotic fruit flavors, they were more attracted to the display. But, when the sample included only six flavors, they were 10 times more likely to actually buy.
In a federal courthouse in Charlotte, former CIA Director and retired Gen. David Petraeus will be sentenced today for the unauthorized removal and retention of classified material, in the form of notebooks he shared with his lover.