Tuesday, July 29 2014 6:55 AM EDT2014-07-29 10:55:11 GMT
Swiss banking giant UBS AG reported a 15 percent jump Tuesday in second-quarter net profit compared to a year ago, driven by strong results from its core wealth management and trimmed-down investment banking...More >>
Switzerland's biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by strong results from its core wealth management business and trimmed-down investment banking franchises despite a...More >>
Tuesday, July 29 2014 6:48 AM EDT2014-07-29 10:48:36 GMT
Israeli aircraft, tanks and navy gunboats pounded symbols of Hamas control in Gaza City in the heaviest night of bombardment in three weeks of Israel-Hamas fighting.More >>
Israel escalated its military campaign against Hamas on Tuesday, striking symbols of the group's control in Gaza and firing tank shells that shut down the strip's only power plant in the heaviest bombardment in the...More >>
Tuesday, July 29 2014 6:38 AM EDT2014-07-29 10:38:54 GMT
European Union ambassadors are meeting to discuss a dramatic toughening of the trade bloc's sanctions against Russia.More >>
The United States and the European Union are preparing a powerful one-two punch against the Russian economy, with EU ambassadors meeting Tuesday to discuss a dramatic escalation in the trade bloc's sanctions.More >>
(RNN) - Nelson Mandela, the first black president of South Africa and a legendary figure who helped end apartheid in that country, has been hospitalized for a reccurring lung infection, the Associated Press reports.
Mandela, 94, has been in the hospital quite a bit in recent years, most recently in December, when he spent three weeks in the hospital for gallstones and a lung infection.
He spent 27 years in prison for speaking out against apartheid, the segregation practice in force for decades in South Africa, before being released in 1990.
Mandela served a single term as the first freely elected president from 1994 to 1999, and then retired from public life.
His most recent public appearance was made during the 2010 World Cup soccer tournament, held in South Africa.
Copyright 2013 Raycom News Network. All rights reserved. The Associated Press contributed to this report.