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Sanctions hurt Russian mine magnates

MOSCOW – Russia’s mining billionaires are starting to feel the sting of economic sanctions. Mikhail Prokhorov, whose investment empire stretches from the world’s largest aluminium maker to the Brooklyn Nets basketball team, recently explored whether fellow oligarchs, including Vladimir Potanin, were willing to buy a portion of his $2.7 billion (R29.5bn) stake in potash miner…

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US advises against Ebola isolation

WASHINGTON – US medics returning from treating Ebola patients in West Africa will be actively monitored but not placed in quarantine under new US health rules. The federal guidelines came after a nurse was put in isolation in a tent in New Jersey, a decision condemned by UN Secretary-General Ban Ki-moon. Meanwhile, Australia has been…

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US-led Syria strikes ‘kill 553’

WASHINGTON – US-led air strikes against Islamic State (IS) militants in Syria have killed 553 people since September, UK-based activists say. The Syrian Observatory for Human Rights says 464 IS fighters, 57 other militants and 32 civilians have died. Meanwhile, fierce fighting resumed in the town of Kobane, where militants and Kurdish forces battling for…

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Warren Buffett loses $2 billion in two days

NEW YORK – If you’re having a bad week, consider that Warren Buffett has lost $2 billion and it’s only Tuesday. Buffett is known for shunning the quick buck and focusing on the long-term performance of his investments. He’d best not change that this week. His Berkshire Hathaway (BRKB) investment house holds big pieces of…

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Total’s CEO dies in plane crash

MOSCOW – Christophe de Margerie, the chief executive of French oil company Total, has died in an air crash in Moscow. His corporate jet collided with a snow plough and then was engulfed in flames. All four people on board were killed. The driver of the snow plough was drunk, according to Russian investigators. Mr…

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Iraq crisis: MPs complete unity govt

BAHGDAD – Iraq’s parliament has approved new defence and interior ministers, completing the new Iraqi government after weeks of delay. Mohammed Salem al-Ghabban, a Shia, was appointed interior minister, while Khaled al-Obeidi, a Sunni, was confirmed as defence minister. It comes as Iraq’s military seeks to tackle Islamic State (IS) militants who have seized large…

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Second Texas Ebola case announced

TEXAS – A second health worker in the US state of Texas has tested positive for Ebola, health officials say. Both health workers treated Liberian man Thomas Duncan, who died last week after becoming the first person diagnosed with Ebola in the US. Meanwhile, the UN’s Ebola mission chief says the world is falling behind…

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China blocks BBC website amid Hong Kong protests

BEIJING – The BBC’s website was blocked in China on Wednesday, one day after a video of Hong Kong police beating and kicking a pro-democracy protester began circulating online. The move appears to be the first time the British broadcaster’s website has been completely blocked in China since December 2010, when it was inaccessible for…

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Spain investigates Ebola case

MADRID – Investigations are under way at a hospital in Madrid after a Spanish nurse became the first person known to have contracted the deadly Ebola virus outside West Africa. The nurse had treated two Spanish missionaries who died of the disease after being flown home from the region. Meanwhile, US President Barack Obama has…

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Dilma Rousseff faces Brazil run-off

BRAZILIA – Brazil’s presidential race will go to a second round after incumbent Dilma Rousseff fell short of an outright victory in Sunday’s election. She received 42% of the vote and will face centre-right rival Aecio Neves, who won 34%, on 26 October. In a surprise result, prominent environmentalist Marina Silva got only 21% despite…

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