This decision means the trial of the six prominent Kenyans is now almost inevitable. It’s not clear if the six Kenyans will show up at the court in The Hague– a lot is at stake. Those accused of bearing the most responsibility for the post-election violence include the son of Kenya’s founding president, Uhuru Kenyatta. He’s now both the deputy prime minister and the finance minister. Also to be issued with the summons is Francis Muthaura, the secretary to the cabinet and an extremely close ally of the current President Mwai Kibaki.
The biggest insider trading trial in more than a decade has started in New York. Raj Rajaratnam, the Sri Lankan founder of the hedge fund company Galleon, is accused of making more than 45 million dollars in illegal profits from insider information on stock market trades. Caroline Hepker reports from New York.
Sri Lankan-born Raj Rajaratnam was for a time worth more than 1 billion dollars, a prominent hedge fund boss. But he has been accused of using well-placed contacts to cream corporate information that constitutes insider trading. The illegal tips supposedly relate to companies from IBM to Intel and Goldman Sachs. Mr Rajaratnam denies the accusations. Over 100 potential jurors in the case appeared in court on Tuesday. The trial could mark a major shake-up in the hedge fund industry.
World News from the BBC.
The world's biggest oil producer, Saudi Arabia, says world oil supplies remain sufficient to meet demands, despite the loss of production caused by the crisis in Libya.The Saudi Oil Minister Ali al-Naimi said rising oil prices were due mostly to speculation.