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Commerzbank to cut 5,200 jobs
FRANKFURT (Reuters) - Commerzbank is to cut around 5,200 jobs, or 11 percent of its 48,000 staff, Germany's second-largest lender said on Wednesday.

World Cup legacy for Brazil goes beyond soccer, says Blatter
RECIFE, Brazil (Reuters) - Brazil will benefit with more than just new soccer stadiums from hosting the 2014 World Cup, FIFA president Sepp Blatter said as unrest in the country continued to overshadow the Confederations Cup.

Analysis: Putin basks in isolation over Syria as Obama's charm falls flat
ENNISKILLEN, Northern Ireland/MOSCOW (Reuters) - At the end of a tense two-hour meeting with Russian President Vladimir Putin, Barack Obama - slumped over and serious - tried to lighten the mood with a joke about their favorite sports.

UAE will try 30 Emiratis, Egyptians for illegal Brotherhood cell
DUBAI (Reuters) - The United Arab Emirates said on Wednesday it would put on trial 30 Emiratis and Egyptians accused of setting up an illegal branch of Egypt's Muslim Brotherhood, part of a crackdown on the Islamist organization that has soured relations with Cairo.

Germany agrees financing of 8 billion euro flood aid fund
BERLIN (Reuters) - Germany has agreed the financing of an 8-billion euro fund to help repair damage caused by the worst flooding in a decade, with both the federal government and states footing the bill, the finance ministry said on Wednesday.

FBI ends search for remains of Jimmy Hoffa in field near Detroit
OAKLAND TOWNSHIP, Michigan (Reuters) - The FBI on Wednesday morning called off the search for the remains of former Teamsters boss Jimmy Hoffa in a suburban field near Detroit, the head of the Detroit office said.

Dolce and Gabbana sentenced to jail for tax evasion
MILAN (Reuters) - An Italian court on Wednesday sentenced fashion design duo Domenico Dolce and Stefano Gabbana to one year and eight months in prison for hiding hundreds of millions of euros from the tax authorities.

FBI's search for Jimmy Hoffa's body continues a third day
OAKLAND TOWNSHIP, Michigan (Reuters) - Investigators looking for the remains of former Teamsters boss, Jimmy Hoffa, in a suburban Detroit field continued their search for a third day Wednesday, seeking to verify a mobster's claim that the labor leader was buried alive on the property in 1975.

FedEx posts higher-than expected profit, will cut more capacity
(Reuters) - FedEx Corp reported a higher-than-expected quarterly profit on Wednesday, sending its shares higher, but the world's biggest air-freight company said it was cutting more capacity between the United States and Asia.

Obama says U.S. 'will do more' to fight climate change
BERLIN (Reuters) - President Barack Obama said on Wednesday the United States understood it had to do more to fight climate change and he pledged that more action was coming.

Beetles, housefly larvae open new frontier in animal feed sector
PARIS (Reuters) - French start-up company Ynsect has identified a cheap, nourishing and locally sourced alternative to soybeans as a vital source of protein in animal feed. The clue is in its name.

New 'Obamacare' exchanges could miss enrollment deadline: GAO
WASHINGTON (Reuters) - New health insurance exchanges being set up by the federal government in more than 30 states under President Barack Obama's 2010 healthcare overhaul could miss an October 1 deadline for open enrollment, a government report said on Wednesday.

Analysis: Half-way to lost decade, Europe's growth task as tough as ever
LONDON (Reuters) - Half-way towards a lost decade for Europe's economy, pessimism persists about the political will to halt a worrying slide in the region's potential growth.

Obama wants to cut nuclear arms, seeks talks with Russia
BERLIN (Reuters) - President Barack Obama wants to reduce deployed nuclear weapons by up to a third and revive negotiations with Russia to "move beyond Cold War nuclear postures", he said in a speech on Wednesday in Berlin.

Kurdish rebel commander warns Turkish state sabotaging peace
ISTANBUL (Reuters) - A top Kurdish militant commander warned on Wednesday a fragile peace process had been jeopardized by increased military activity and a lack of concrete steps by the government, including the continued detention of Kurdish politicians.

Putin criticizes U.S. over missile defenses
ST PETERSBURG, Russia (Reuters) - Russian President Vladimir Putin expressed concern about U.S. missile defenses and high-precision weapons on Wednesday, before a speech in which Barack Obama was expected to call for nuclear arms cuts.

Hamas says its Iran ties worsen over Syrian civil war
GAZA (Reuters) - Hamas said on Wednesday its relations with financial backer Iran have suffered as a result of the Islamist group's support of rebels battling Syrian President Bashar al-Assad, a long-time Iranian ally.

Mozambique's Renamo threatens to paralyze vital coal railway
MAPUTO (Reuters) - The Renamo opposition party, a former guerrilla organization, threatened on Wednesday to paralyze the only railway line out of Mozambique's vast coalfields in an effort to hurt the government.

Somali Islamist rebels launch deadly attack on U.N. compound
MOGADISHU (Reuters) - Islamist militants carried out a deadly assault on a U.N. compound in the Somali capital on Wednesday, dealing a blow to fragile security gains that have allowed a slow return of foreign aid workers and diplomats.

Palestinian tobacco faces threat from crackdown on black economy
YA'ABAD, West Bank (Reuters) - Palestinian farmers sow tobacco sprouts in the rocky earth of the northern West Bank, reaping a harvest that provides a reliable livelihood in the struggling occupied territory.