Credit Suisse to cut 4% of global workforce by 2012

EUROPE - Credit Suisse is to cut more than 2,000 jobs - or 4% of its global workforce of 50,700 - by the end of next year in an attempt to make savings. The announcement came as the Swiss bank reported a 52% year-on-year fall in net profit to 768 million Swiss francs ($959 million; 586 million pounds) in the second quarter.

HSBC set to hire up to 15,000 in Asia and Latin America

UK - HSBC Bank wants to hire as many as 15,000 people in emerging markets such as Asia and Latin America over the next three years. The announcement is part of the bank's plan to overhaul its global operations in a bid to cut costs and boost profits.

HSBC to axe 25,000 jobs despite pre-tax profits rise

UK - Banking giant HSBC has said it will cut 25,000 jobs by 2013 and exit operations in 20 countries as it looks to save billions of dollars. The bank had already announced 5,000 job cuts, 700 of which are in the UK.

Syria crisis: Fresh Hama shelling at start of Ramadan

SYRIA - Syrian security forces have fired shells in the city of Hama, as prayers ended on the first day of the Muslim holy month of Ramadan. Rights groups say around 130 people have been killed by the authorities since Sunday, most of them in Hama.

US debt deal: What do the numbers mean?

USA - Weeks of political infighting in Washington have produced a budget deal that aims to cut the US government budget deficit by $2.4 trillion (1.5 trillion pounds) over 10 years. It sounds a big number but what does it actually mean? Inevitably, the answer is complex and open to multiple interpretations. That, of course, is partly deliberate.

US House of Representatives passes debt-limit bill

USA - The US House of Representatives has passed by 269 votes to 161 a last-gasp deal to avoid a federal debt default. The bill is expected to be approved by the Senate and signed into law by President Barack Obama on Tuesday. It raises the debt limit by up to $2.4 trillion (1.5 trillion pounds) - from $14.3 trillion - making savings of at least $2.1 trillion in 10 years.

Investors Lose Faith in Italy

ITALY - A recent surge in the purchase of credit default swaps shows that an increasing number of investors believe Italy is in trouble. Some experts doubt the CDS providers would be capable of paying out if Rome were to default.

EU fishing fleets discarded 2.7 billion pounds of cod, claims report

UK - Fishing fleets have thrown away 2.1 million tonnes of cod worth 2.7 billion pounds to avoid falling foul of EU regulations, says the New Economics Foundation.

China blames Islamic extremists for violence

CHINA - China has said Islamic extremists were behind an attack on the eve of the Muslim fasting month in the restive western region of Xinjiang that left 11 people dead.

Apple holding more cash than USA

USA - Apple now has more cash to spend than the United States government. Latest figures from the US Treasury Department show that the country has an operating cash balance of $73.7 billion (45.3 billion pounds). Apple's most recent financial results put its reserves at $76.4 billion.

Syria unrest: Barack Obama condemns 'brutal' Hama raid

SYRIA - US President Barack Obama has condemned the Syrian authorities' crackdown on protesters on Sunday, which activists say has left more than 130 dead. Mr Obama said he was appalled by the government's use of brutality against its own people and promised to work to isolate President Bashar al-Assad.

Obama announces US deficit deal between party leaders

USA - US President Barack Obama says Republican and Democratic leaders have reached an agreement on raising the US debt limit and avoiding default. He said the deal would cut $1 trillion of spending over 10 years, and set up a committee to report by November on a proposal to further reduce the deficit.

NEW CHANCE TO FORCE EU VOTE

UK - THE great British public is today given a new chance to join a bid to force a key vote on Britain leaving the European Union. We are calling on readers to grasp this unique opportunity to thrust the argument right to the heart of UK democracy - by signing up to our new online petition demanding a referendum on EU membership.

Scientist investigated for 'scientific misconduct'

USA - The scientist who claimed polar bears were drowning because of melting ice caps is being investigated for 'scientific misconduct'. Dr Charles Monnett, an Alaskan wildlife biologist working for the US government, stunned the world after spotting four polar bear bodies floating in the sea miles from shore.

Probe into secretive Sharia law courts scrapped

UK - Ministers have abandoned an inquiry into the rise of secretive Sharia councils that deal in Islamic justice - because the Muslim courts refused to help. The failure of the Ministry of Justice probe has generated new fears among politicians and pressure groups about the increasing influence of Sharia courts.

“Just what is an APOSTLE?”
Just what is an Apostle?

Today we find the Church of God in a “wilderness of religious confusion!”

The confusion is not merely around the Church – within the religions of the world outside – but WITHIN the very heart of The True Church itself!

Read online or contact email to request a copy

Listen to Me, You who know righteousness, You people in whose heart is My Law: …I have put My words in your mouth, I have covered you with the shadow of My hand, That I may plant the heavens, Lay the foundations of the earth, and say to Zion, “you are My people” (Isaiah 51:7,16)