UN urges US to slash ethanol
The United Nations has called for an immediate suspension of government-mandated US ethanol production, adding to pressure on Barack Obama to address the controversial food-versus-fuel debate in the run-up to presidential elections.

Kenya to bid for 2024 Olympics
Kenya will bid to become the first African nation to host the Olympic Games in 2024, Raila Odinga, the country’s prime minister, has said. Speaking to the Financial Times in London, Mr Odinga said sub-Saharan Africa’s time to host the games had come.

Carlyle Group is set to purchase TCW
Carlyle Group is set to purchase TCW from Société Générale. Although the terms of the deal were not disclosed, it is estimated to value the Los Angeles asset manager in the neighborhood of $700m, and comes as French banks retrench and offload assets.


Thousands more face A&E wait
Thousands more patients are having to wait for hours for a bed to become available in hospital A&E departments compared with last year. 66,845 patients waited between four and 12 hours for a bed once a decision had been taken to admit them.

For sale, luxurious Rolls
A 1930 Phantom II Sedanca de Ville once owned by Lord Louis Mountbatten is expected to sell for more than £50,000 at auction.

The Daily Telegraph

Dunkin' Donuts UK comeback
Dunkin' Donuts, the US chain known for its weak coffee and carbs, is eyeing a return to British shores next year as part of a European-wide expansion.

Universities minister numbers fell
David Willetts, the coalition’s universities minister, has admitted that the number of young people on degree courses has fallen this year since the introduction of higher tuition fees.


PepsiCo to re-enter Myanmar
PepsiCo Inc. said it reached a deal to distribute its products in Myanmar through a local partner, in the latest sign of rising investor interest in the once-reclusive Southeast Asian nation.

Olympus loss worsens
Olympus Corp. posted a wider quarterly net loss amid losses at its camera division, and said the stronger yen further pressured the company's already-thin capital cushion.