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Credit Suisse CEO faces more calls to quit in U.S. tax dispute | | Credit Suisse Chief Executive Brady Dougan came under further pressure to resign on Sunday, with a key figure in Switzerland's largest party becoming the latest politician to call for a change in the bank's leadership over its role in helping rich Americans dodge tax. Switzerland's second largest lender is expected to plead guilty and pay more than $2.5 billion to U.S. authorities to resolve charges that the Swiss bank helped Americans evade U.S. taxes, people familiar with the discussions said on Thursday. Christoph Blocher, vice president of the right-wing Swiss People's Party (SVP) and an influential billionaire industrialist, told a Swiss newspaper that Dougan, as well as Credit Suisse Chairman Urs Rohner, should step down. "It's shameful how top management are shielding themselves instead of protecting the company from damages." The comments add to pressure on Dougan, after he faced calls to step down from Switzerland's left-wing Social Democrats last week, as well as an appeal from a Centrist BDP politician to consider resigning once the tax case is settled.
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Turkish police detain 19 people in mine disaster investigation | | By Humeyra Pamuk SOMA Turkey (Reuters) - Turkish police detained 19 people, including mining company executives and personnel, as an investigation into last week's mine disaster got underway and the last of the 301 victims were buried on Sunday. The detentions were the first of the inquiry and came five days after a fire sent deadly carbon monoxide coursing through the mine in the western Turkish town of Soma, causing the county's worst ever industrial accident. The disaster has sparked protests across Turkey, directed at mine owners accused of ignoring safety for profit, and at Prime Minister Tayyip Erdogan's government, seen as too close to industry bosses and insensitive in its response. Police formed a cordon around the court house in Soma as the crowd of onlookers, journalists and relatives of those detained grew steadily.
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Mali "at war" after Tuareg separatists abduct 30 civil servants - PM | | By Adama Diarra KIDAL Mali (Reuters) - Mali's prime minister said his country was at war with Tuareg separatists after the rebels attacked a northern town he was visiting, killing soldiers and abducting around 30 civil servants. Some shooting had already broken out before Prime Minister Moussa Mara arrival in Kidal early on Saturday and he was forced to take shelter in an army base as rebel fighters attacked and seized the regional governor's office. Mali, a former French colony, was thrown into turmoil in 2012 when al Qaeda-linked Islamists took advantage of a Tuareg-led rebellion and seized control of the country's north. A French-led military operation, known as Serval, drove back the Islamists last year but now the Mali government's focus has turned back to the Tuareg rebels. |
Brazilians left wanting by flawed World Cup investments | | By Paulo Prada NATAL Brazil (Reuters) - When Brazil drafted plans to host the upcoming World Cup, this Atlantic beach destination was exactly the type of city it wanted to show off. A nationwide economic boom was transforming the once-sleepy backwater into a fast-growing city typical of the new Brazil, a country at last poised to make its long-promised leap into the first world. Who cares that Natal, in the historically poor northeast, lies far from the nerve centers of Rio de Janeiro and São Paulo?
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Egypt court jails more than 160 Brotherhood supporters | | An Egyptian court jailed more than 160 Muslim Brotherhood supporters to up to 15 years in prison on Sunday, pressing a crackdown on the Islamist group before a presidential election former army chief Abdel Fattah al-Sisi is expected to win. Defendants chanted "Down with military rule" as Judge Hassan Fareed handed down 10-year jail terms to 126 Brotherhood supporters accused of violence and membership of a terrorist group in one of the cases. The security forces have detained thousands of Brotherhood supporters since the military deposed president Mohamed Mursi last July following mass protests against his rule. Sisi, expected to easily win the May 26-27 vote, has signalled there will be no reconciliation with the Brotherhood. |
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