World Bank commits $1 bn to combat AIDS in Africa
New York: The World Bank has committed $1 billion to fight HIV/AIDS in Africa and much of the support will be in the form of grants, the bank’s vice-president for Africa Callisto Madavo said on Sunday.

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New rules to be issued on Monday
Washington: The Bush administration will issue new rules on Monday to help protect the retirement pensions of rank-and-file workers, reaching out to investors hard-hit by the stock market sell-off before next month’s congressional elections, administration officials said.
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Malaysia close to becoming Islamic banking hub
Kaula Lampur: Malaysia takes a step closer to realising its aim of becoming a regional Islamic financial hub next month with the launch of an international panel to set benchmarks for Islamic banking.
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Gulf seen weathering Iraq war if oil flow not hit
Dubai: A possible war on Iraq could have little impact on Gulf Arab economies unless the conflict affects vital crude oil outflows from the region, a senior Middle East analyst at rating firm Moody's said on Sunday.
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Lawyer who sued Enron slams corporate scandals
Washington: The accounting scandals in corporate America that have erased billions of dollars from investors' portfolios represent one of the greatest financial frauds in decades, a lawyer representing shareholders who lost millions when Enron went bankrupt, said on Saturday.
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