Receive Breaking News updates as they occur
JOHANNESBURG (AP) — The man accused of faking sign interpretation next to world leaders at Nelson Mandela's memorial has told The Associated Press that he has schizophrenia, had visions of angels coming into the stadium and was trying not to panic because there were "armed policemen around me." Thamsanqa Jantjie also said he has been violent in the past.
By Freya Berry LONDON (Reuters) - Britain's economy will expand at its fastest rate in seven years in 2014, thanks to strengthening household consumption, but high household debt will slow growth in 2015, the British Chambers of Commerce (BCC) said on Thursday. The group also raised its estimate of 2013 growth to 1.4 percent from 1.3 percent but reduced the 2015 forecast by 0.1 percentage point to 2.4 percent, saying high household debt would limit consumption. BCC Director General John Longworth warned that recovery could not come from households and an accelerating housing market alone, echoing comments earlier this week from Bank of England Governor Mark Carney. "We have to find ways of boosting business investment and exports, as rebalancing our economy is critical to our long-term economic future," Longworth said.
KUALA LUMPUR, Malaysia (AP) — World stock markets extended losses Thursday after an apparent budget deal in the U.S. Congress reinforced expectations the Federal Reserve will cut its monetary stimulus as early as next week.