A Malaysian court on Wednesday upheld former Prime Minister Najib Razak's guilty verdict on corruption charges over a multi-billion dollar scandal at state fund 1Malaysia Development Berhad (1MDB), dealing a blow to his hopes of a political comeback. [...]

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American Airlines CEO to step down in March

NEW YORK, United States (AFP) — Veteran American Airlines Chief Executive Doug Parker plans to step down in March and will be succeeded by his deputy, Robert Isom, the carrier announced Tuesday. A longtime fixture atop US carriers, Parker led US Airways prior to its merger with American Airlines in 2013 when he took over the combined company. He will step down March 31 but remain chairman of the board. American’s leadership transition was delayed […] [...]

Huge fire in overcrowded Burundi prison kills 38 inmates

NAIROBI, Kenya (AFP) — A massive fire tore through an overcrowded prison in Burundi before dawn on Tuesday, killing dozens of inmates and seriously injuring many more, the country’s vice president said. Many prisoners were still asleep when the blaze took hold in a penitentiary in Burundi’s political capital Gitega, witnesses said/ Some survived only by clambering out — completely naked — to safety through the roof. Much of the facility was destroyed, with images […] [...]

Billionaires’ share of global wealth soars during pandemic

by Ali BEKHTAOUI Agence France Presse PARIS, France (AFP) — The share of global wealth of the world’s richest people soared at a record pace during the Covid pandemic, a report on inequality showed Tuesday. Since 1995, the slice held by billionaires has risen from one percent to three percent, according to the World Inequality Report. “This increase was exacerbated during the Covid pandemic. In fact, 2020 marked the steepest increase in global billionaires’ […] [...]