Mediaset SpA, the broadcaster controlled by former Italian Prime Minister Silvio Berlusconi, advanced the most in more than three weeks in Milan after the company said it would achieve a cost-cutting target ahead of schedule.
Here is the genius of Qatar, the peanut-sized Persian Gulf state that provides material support to Hamas, the Muslim Brotherhood and possibly some of Syria’s jihadist rebel groups, in a single image: A two-cheeked kiss, in public, between Qatar’s second-most powerful man, the prime minister (and foreign minister), Sheikh Hamad bin Jassim bin Jaber Al Thani, and Haim Saban, the Israeli-American billionaire who funds, among other things, the Saban Center for Middle East Policy at the Brookings Institution.
Iraq has suspended the licenses of Al Jazeera and nine other television channels for allegedly promoting violence and sectarianism, Al Jazeera reported, citing a senior official at the country’s media watchdog.
Former Vice President Al Gore says American democracy has been “hacked” by the influence of money in politics and that he hopes activist investors will continue to exert influence on corporations globally to act in civically responsible ways.
Egyptian President Mohamed Mursi sought to break a political impasse that has stymied stability efforts, pledging to reshuffle his Cabinet and stressing the government wouldn’t embrace policies that harm the poor.
Iraqi army troops backed by helicopters stormed a plaza in a northern town, killing at least 20 protesters and wounding 46 others, the latest outbreak of violence in the oil-producing nation, the regional police force said in a statement.
Current TV, the network co-founded by former U.S. Vice President Al Gore, was sold for about $500 million to Al Jazeera, the Qatar-based cable-news channel, according to two people with knowledge of the deal.