Current and former executives of the giant American bank JP Morgan are facing tough questioning by a US Senate sub-committee investigating how a star trader lost $6.2bn last year. The committee chairman, Senator Carl Levin, compared the trading operation to a runaway train barrelling through every risk limit.
Prosecutors investigating widespread embezzlement of state funds in Senegal have ordered the son of the former president to justify an estimated fortune of $1.3bn. Karim Wade held several ministerial posts during his father Abdoulaye’s 12-year presidency. Mr Wade’s lawyer said he proved the allegations to be groundless.
Surgeons in London have carried out the world’s first liver transplant using a newly developed machine which keeps the donated organ alive at body temperature before it’s transplanted. The prototype invented at Oxford University was used successfully on two patients. The machine’s co-inventor, Professor Constantin Coussios, said they’d had to recreate the type of environment that the liver would normally encounter within the human body.
"You should think about it. A warm-preserved organ is very very different to something stored on ice. It has to be kept warm. It is now breathing and burning sugar just as it would within the body. So it needs to be fed. It needs to be oxygenated. Blood needs to be circulated around it.”
Professor Constantin Coussios