Detroit won permission to pay UBS AG and Bank of America Corp. about $85 million to cancel interest-rate swaps, a deal that may help the city speed the end of the biggest-ever U.S. municipal bankruptcy.
The U.K. put more resources into training police to deal with a potential terrorist attack using firearms after attacks on the Westgate shopping center in Kenya and hostage-taking at a gas facility in Algeria.
Detroit, months from a court battle over how to reduce $18 billion owed to creditors including bondholders and retirees, doesn’t want to wait to start spending money on emergency vehicles and basic services it needs now.
Boris Berezovsky, the Russian oligarch who died of an apparent suicide last year, was a “broken man” on anti-depressants after he lost a court case against Roman Abramovich in 2012, witnesses told an inquest.
Lend Lease Group, Australia’s biggest listed property developer, fell by the most in two weeks after a fire forced work to halt at its A$6 billion ($5.4 billion) Barangaroo South development on Sydney’s harbor.