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Chad
sent 2,000 troops to Cameroon to help fight jihadists from Boko Haram, a group
based in north-eastern Nigeria that has slaughtered thousands of people there
and stepped up its raids across the Cameroonian border. Paul Biya, the president
of Cameroon, described Boko Haram as a “global threat” as he appealed for
international help SEE ARTICLE » MORE FROM: POLITICS THIS WEEK »
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Standard
& Poor’s was fined by America’s Securities and Exchange Commission and
banned for a year from providing credit ratings for some types of mortgage
securities backed by commercial property. It is the first time the regulator has
penalised a credit-rating agency, finding that S&P had elevated “its own
financial interests above investors by loosening its rating criteria” for the
securities and then tried to hide the changes SEE ARTICLE » MORE FROM: BUSINESS THIS WEEK » |
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