Malians queue for fuel as anti-junta sanctions begin

A general view of BamakoBAMAKO (Reuters) – Malians queued to stock up on petrol at garages around the capital Bamako on Tuesday after neighbors launched trade and diplomatic sanctions aimed at forcing the military junta to hand over power. For long one of the most stable democracies in West Africa, Mali has plunged into turmoil since a widely condemned March 22 coup that emboldened Tuareg rebels to seize half the country in their quest for a northern homeland. …

Obama takes on Republicans over tax fairness

U.S. President Obama, Canada's Prime Minister Harper and Mexico's President Calderon arrive for joint news conference in the White House Rose Garden in WashingtonWASHINGTON (Reuters) – President Barack Obama, seizing on Republican plans to slash deficits that the White House sees as a potent vote winner for Democrats in this year’s election, slammed his opponents on Tuesday to reinforce his claim that they favor the rich. In a week in which Republican Mitt Romney is expected to extend his lead in the race for his party’s nomination to confront Obama in the November 6 election, the president took aim at their recent budget plans to cut spending and taxes. “This congressional Republican budget … it’s a Trojan horse. …

Olympus may try to tough out scandal without help

To match Interview OLYMPUS/TOKYO (Reuters) – Japan’s Olympus Corp may be able to recover from a huge accounting scandal without having to bring in new investors, even as it looks to beef up its capital by around $3 billion over the longer term, its likely new president said on Tuesday. The maker of medical equipment and cameras has been badly weakened by the $1.7 billion fraud, one of Japan’s worst corporate scandals, which has put the company under pressure to raise fresh equity to put its finances on a more stable footing. …

GSK says new data support filing of diabetes drug

LONDON (Reuters) – GlaxoSmithKline will push ahead with plans to file its experimental once-weekly diabetes drug albiglutide for regulatory approval, following the read-out from a series of clinical trials. Albiglutide belongs to the same class of injectable GLP-1 medicines as Novo Nordisk’s Victoza and Byetta, from Amylin Pharmaceuticals and Eli Lilly. Byetta was the first drug of the type. Last November, GSK reported that albiglutide cut blood sugar less than daily Victoza in the first of a series of late-stage clinical trials, dimming its prospects in an increasingly competitive market. …

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