Standard Chartered Bank's New York office is accused of laundering up to $250 billion in Iranian funds over the past decade. The bank isn't well known in the U.S. but it does a huge amount of business in Asia, Africa and the Middle East.
The country's government says it can't afford to keep up with increasing electricity demand, as more and more people crowd into urban centers. But discontent over blackouts has some workers agitating for a return to military rule.
India's massive power outage last week points to a major problem for developing nations: supply is struggling to keep up with the growing demand — an imbalance that can affect the reliability of electric grids. Grid catastrophes are rare, but blackouts can be an everyday feature of life.
A deadly assault on an Egyptian border post is proving to be the biggest challenge to face Egypt's new leader so far. Mohammed Morsi is now struggling to assure an exhausted nation that he can provide security as well as basic services. But he needs the support of the military, his biggest rival.
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