US and UK magazine

24 May 2014 Last updated at 14:50

Flash flooding affected roads in Cardiff causing problems for traffic Forecasters have upgraded a yellow warning of heavy rain for much of Wales and southern and central Britain.

The Met Office said the heavy rain could cause local disruption to travel and outdoor bank holiday events.

The warning, valid until 20:00 BST on Saturday, says some areas may see up to 30mm of rain in a few hours.

The forecast says south west and south Wales are likely to experience most rain, where the showers are slow-moving.

On Thursday, flash flooding affected roads in Cardiff causing traffic problems.

An elderly couple had to be rescued from their home as storms and intense downpours caused flash flooding across south Wales.

VIDEO: Glasgow art school 'mostly saved'

4:08 AM

kasunone

Firefighters say they have saved the majority of the historic Glasgow School of Art, which caught fire on Friday.

The Scottish Fire and Rescue Service said more than 90% of the structure was viable and they had protected up to 70% of the contents.

Lorna Gordon reports.

Monday, May 26, 2014

Sterling wife 'to negotiate sale'

11:33 PM

kasunone

23 May 2014 Last updated at 19:38

Los Angeles Clippers owner Donald Sterling (C), his wife Shelly (L) attend the NBA basketball game at the Staples Center in Los Angeles, 22 December 2008

Shelly Sterling (left) is an alternate governor for the team and is a partial owner through a trust Los Angeles Clippers owner Donald Sterling is authorising his wife to negotiate the sale of the basketball team, US media report.

She may seek to retain partial ownership of the club, reports say.

Mr Sterling was banned from the National Basketball Association (NBA) for life and fined $2.5m (£1.5m) after racist comments he made went public.

The sale could pre-empt a move by the NBA to force Mr Sterling to sell his interest in the basketball team.

The league has charged him with damaging the reputation of the NBA and its teams. Three-quarters of the team owners must vote to force the sale. The owners are meeting on 3 June to consider the matter.

A person with knowledge of the negotiations told the Associated Press news agency Shelly Sterling wanted "meaningful control" over the sale.

She and her husband own the team through a trust.

In a press conference on Tuesday, NBA commissioner Adam Silver said he would consider a sale before the 3 June hearing.

However, USA Today and ESPN reported Mrs Sterling wanted to retain some ownership of the team. It is unclear whether the NBA would allow this.

Last week, Mr Sterling said through his lawyer he would refuse to pay the fine and was considering suing the NBA.

Maxwell Blecher said his client had done nothing to deserve the NBA's punishment.

The league announced the ban and fine soon after an audio recording of Mr Sterling emerged in the US media in which he was heard asking a woman not to associate in public with black people nor to bring them to games.

Mr Silver said Mr Sterling's "hateful opinions... simply have no place in the NBA".

Repsol ends operations in Argentina

6:49 PM

kasunone

23 May 2014 Last updated at 17:56 YPF logo balloon in Buenos Aires

Repsol has raised a total $6.3bn (£3.8bn) with the sale of Argentine government bonds and YPF shares Spanish oil company Repsol has ended its operations in Argentina, two years after the government seized its assets.

Last month the Argentine congress gave final approval to pay $5bn (£3bn) in compensation for Repsol's stake in Argentine oil firm YPF.

The Spanish company has now announced that it has sold the last batch of bonds it received to cover its losses.

Argentine President Cristina Fernandez de Kirchner had accused Repsol of under-investing in oil production.

Before the government seized Repsol's assets in April 2012, the Spanish company had just over 50% of YPF shares.

The company initially estimated the value of its assets at $10.5bn (£6.3bn), but it later settled for about half of that amount.

As part of the settlement, Repsol agreed to drop its lawsuits against Argentina.

The deal was seen as crucial in helping Argentina attract foreign investment in its shale oil and gas reserves, which are among the world's largest.

YPF is responsible for about a third of Argentina's oil and a quarter of its gas output.

In 2010 Argentina started importing fuel for the first time since YPF was privatised in 1993.

President Cristina Fernandez de Kirchner blamed Repsol for draining YPF of its resources since acquiring a controlling stake in the 1990s, and not investing enough to cope with growing internal demand.