Royal Bank of Scotland announced a half-year net loss of 802 million pounds ($1.56 billion), after an $11.4 billion write-down due to the subprime mortgage crisis. It is one of the biggest losses in British banking history, but less than what many analysts expected.
Allies of Pakistani President Pervez Musharraf say that he will fight impeachment proposed by leaders of Pakistan’s two major parties. “He will say: ‘Look here, I’ve been in office for eight years. I’ve made some mistakes, but at least I am not a crook,’” said Mushahid Hussain of the Pakistan Muslim League-Q party.
Russian Prime Minister Valdmir Putin has threatened to retaliate against the Georgian government for its attacks on rebels in the breakaway South Ossetia province. Georgian President Mikhail Saakashvili accused Russia of launching bombing attacks on several Georgian villages.
The Turkistan Islamic Party, an Islamic militant group in Western China, has released a video threatening to attack public transportation the Beijing Olympics. The video tells Muslims, “Do not stay on the same bus, on the same train, on the same plane, in the same buildings, or any place the Chinese are.”
Mexican President Felipe Calderon has proposed stiffer penalties for kidnappers after public outcry following the abduction and killing of the 14-year-old son of a prominent businessman. Many in the country suspect that the police were involved in the kidnapping.
Former N.J. governor Jim McGreevey will not have to pay alimony to ex-wife Dina Matos, a superior court judge ruled Friday. The marriage had fallen apart after McGreevey revealed that he was gay and resigned as governor in 2004.
Texas executed illegal Honduran immigrant Heliberto Chi for his robbery-murder in 2001, the second illegal immigrant it has executed this week. Chi’s lawyers argued to the Supreme Court that he had not been notified of his consular rights, but lost the case.
The Boston Herald found relatives of child abductor and con man Clark Rockefeller in a small Bavarian town, discovering that hi sreal name is Christian Gerhartsreiter. “It seems you found my brother,” said Alexander Gerhartsreiter. “It is really a shock.”
Former presidential candidate John Edwards admitted to having an extramarital affair with Rielle Hunter, but denied fathering her baby girl. His admission will be broadcast in an interview with ABC’s Nightline tonight.
Former President Bill Clinton will speak on Wednesday night, August 27, at the Democratic National Convention later this month, in the slot before the vice-presidential nominee. Clinton’s wife, N.Y. Sen. Hillary Clinton, is speaking on Tuesday night, August 26.
The Democratic National Committee released a draft of its 2008 national platform on Thursday. “Aside from some nods to the losers, Hillary Rodham Clinton and John Edwards, the 54-page document reads like a compilation of Sen. Obama’s stump speeches,” writes The Washington Post.
Soon after the Democratic National Committee launched a Web site calling the McCain campaign “Exxon-McCain,” the Center for Responsive Politics released data showing that Exxon has donated more money to the Obama campaign.
Trees in Worcester, Mass have been infested by the Asian longhorned beetle, which is “considered potentially more destructive than Dutch elm disease, chestnut blight, and gypsy moths combined.” The beetle has previously infested trees in New York, New Jersey and Chicago.
The 2008 Olympics began Friday with a lavish opening ceremony in front of 91,000 fans at Beijing’s Olympic Stadium. Chinese gymnast Li Ning lit the cauldron after tight-rope walking around the stadium.
The girlfriend of singer Clay Aiken, Jaymes Foster, gave birth to a boy Friday morning. Aiken announced on his Web site, “My dear friend, Jaymes, and I are so excited to announce the birth of Parker Foster Aiken (No hyphens. One first name. One middle name. One last name.).”