Alaa and Gamal Mubarak, the sons of the deposed Egyptian president, were arrested in April 2011, along with their 86-year-old father, who is still detained in a military hospital. Their release, pending retrial along with their father on embezzlement charges, follows clashes between protesters and police over the weekend that left 16 dead.
37 mins ago
Turkey is threatening to ban Facebook.
A local court has ruled that the social network must ban a number of pages that insult the prophet Mohammad. If Facebook fails to enforce the court’s decision, the service could be banned. Last year, Twitter and YouTube were banned in Turkey to prevent the spread of leaked government conversations.
3 hours ago
Strange bedfellows in Greece’s new government.
The far-left Syriza party, which won yesterday’s general election in a landslide, said it would partner with the right-wing Independent Greeks to form a majority coalitoin. The parties have almost nothing in common beyond their shared animosity for EU-imposed austerity measures. Trading in Greek stocks and the euro has been volatile in early trading.
The first licensed bitcoin exchange, run by the start-up Coinbase and backed by investors including the New York Stock Exchange, is due to start trading. Financial regulators in 25 states, including New York and California, have given their blessing.
3 hours ago
Dalian Wanda is investing $1 billion in Sydney Harbor.
The Japanese auto maker will drop Takata, the airbag maker involved in a global safety scandal, for rival Toyoda Gosei when it produces its new Accord for the North American market, according to Reuters. The Accord is Honda’s best-selling vehicle; the switch caused Takata shares to fall as much as 6.6% in early trading (paywall).