Argentines brace for debt default
Time is running out for Argentina to pay holdout investors suing for full payment on their bonds, or reach a deal that buys more time to avert a default. Argentina already is struggling with recession, a shortage of dollars and one of the world's highest inflation rates. But Buenos Aires insists a new default would have no effect on most Argentines.
Deutsche Bank burdened by lawsuits
Scandals and huge legal battles are damaging Deutsche Bank's image and hitting its numbers. New figures show a net profit of 237 million euros in this quarter, about a third less than the same period last year. A brief Deutsche Bank statement notes - cost of legal disputes. It has also just earmarked more than two billion euros of its reserves for further legal costs.
McDonald's pulls hamburgers off China's menu
TV pictures in China have shown workers in a Shanghai factory processing rotting meat. Amongst the factory's clients: McDonald's. Factory parent OSI Group has apologised and closed the plant. Some outlets in Shanghai and Beijing have also pulled Chicken McNuggets and other items off the menu.