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While U Slept: Big 5 Stories Breaking Overnight. Wednesday, March 2, 2011

March 2, 2011

produced by Worldcrunch

BATTLES IN EASTERN LIBYA, GADDAFI MAKES ANOTHER SPEECH AS HIS FORCES PUSH BACK Opposition members successfully fight to regain control of Libya’s eastern town al-Brega after armed forces loyal to ruler Moammar Gadhafi tried to take over the town. (CNN)

PAKISTAN’S MINORITIES MINISTER ASSASSINATED Shahbaz Bhatti shot dead by gunmen who ambushed his car in broad daylight in the capital Islamabad.THE cabinet’s only Christian minister, had received death threats for urging reform to blasphemy laws. (Guardian)

NOBEL LAUREATE YUNUS FIRED FROM MICROFINANCE BANK HE FOUNDED Removal of Muhammad Yunus is the culmination of a long-running feud with the Bangladeshi government, which owns a 25% stake in Grameen, the pioneer of the microfinance concept of lending small amounts of money to the poor which has been replicated worldwide and earned Yunus the 2006 Nobel Peace Prize. (BBC)

STANDARD & POOR’S WARNS OF PORTUGAL AND GREECE DOWNGRADES Further downgrade of Portugal and Greece’s debt depends on the outcome of a crucial European leaders’ summit later this month. (AP)

REPORT: YAHOO TO LEAVE JAPAN, TO FREE UP BILLIONS TO FIGHT GOOGLE AND FACEBOOK Deal would help US Internet giant sort out its dysfunctional Asian partnerships and free up as much as $8 billion to fight Google and Facebook. (Reuters)

from Worldcrunch

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