Originally published on Thu April 23, 2015 2:35 pm
Deutsche Bank, Germany's largest bank, has been fined $2.5 billion by U.S. and U.K. regulators for trying to manipulate the so-called LIBOR rate, a benchmark for interbank loans, which in turn is used to set interest rates on everything from credit card debt to mortgages.
The German bank is one of eight financial institutions, including Swiss-based UBS and the Royal Bank of Scotland, that were caught up in the scandal, which involved dozens of traders and managers and spanned a four-year period from 2005-2009.
Originally published on Thu April 23, 2015 4:31 pm
Updated at 5:20 p.m. ET
President Obama offered his "grief and condolences" to the families of the American and Italian aid workers killed in a U.S. counterterrorism operation in January. Both men were held hostage by al-Qaida.
"I take full responsibility for a U.S. government counterterrorism operation that killed two innocent hostages held by al-Qaida," Obama said.
Originally published on Thu April 23, 2015 11:24 am
The Calbuco volcano in southern Chile erupted this week for the first time in four decades. Quiet since 1972, it's blown twice since Wednesday, generating striking images and concerns over the effects of both the lava and a mammoth cloud of ash.
Originally published on Fri April 24, 2015 9:04 am
Updated at 5:50 p.m. ET
The European Union has agreed to more ships, planes and helicopters to patrol the Mediterranean in hopes of stopping migrants from Africa and the Middle East and stopping people smugglers who facilitate them.
At an emergency summit in Brussels, Britain pledged three ships, while Germany and France said they would provide two each. Belgium, Ireland, Latvia and Lithuania were also to supply ships, patrol boats and helicopters.
Originally published on Fri April 24, 2015 10:37 am
Updated at 11:34 a.m. ET Friday
Former CIA Director and retired Gen. David Petraeus was sentenced Thursday to two years of probation and handed a $100,000 fine for the unauthorized removal and retention of classified material, in the form of notebooks he shared with his lover.
Originally published on Thu April 23, 2015 9:04 am
Despite Saudi Arabia's announcement earlier this week that a coalition would wind down the nearly month-old military campaign it has been waging in Yemen, warplanes have been hitting areas under Houthi control Thursday. It's now very unclear when peace talks that were mentioned earlier this week might occur.
From Riyadh, NPR's Leila Fadel reports for our Newscast unit:
"The Saudis had said that although strikes were ending, they would use force against Houthi movements inside the poor Gulf country.
Originally published on Thu April 23, 2015 4:34 pm
The parents of Michael Brown, the unarmed man whom a Ferguson, Mo., police officer shot and killed last August, have filed a civil lawsuit against the city, along with former police chief Thomas Jackson and Darren Wilson, the now-former officer who shot Brown, 18.
The lawsuit was filed by Michael Brown Sr. and Lesley McSpadden at the St. Louis County Courthouse Thursday morning. It says Wilson "unjustifiably shot and killed" Brown, using "an unnecessary and unreasonable" amount of force.
During the second day of the penalty phase of the Boston Marathon bombing trial, a defense attorney for Dzhokhar Tsarnaev presented full video of the convicted bomber giving a holding cell camera the finger.