Dominique Strauss-Kahn Resigns as Head of International Monetary Fund
THE DAILY TELEGRAPH: Dominique Strauss-Kahn has resigned as head of the International Monetary Fund, four days after being charged with the sexual attack of a Manhattan hotel chambermaid.

In a statement released by the Fund in the early hours of Thursday morning, Mr Strauss-Kahn said he needed to "devote all my strength, all my time, and all my energy to proving my innocence".

The 62-year-old Frenchman has been under intense pressure since being arrested in the First Class cabin of on an Air France jet on the tarmac of John F. Kennedy airport on Saturday afternoon.

He is being held at Rikers Island prison after being formally charged with seven crimes related to the alleged assault of a 32-year-old Guinean maid in his suite at the Sofitel earlier that day, including attempted rape and an illegal sexual act. » | Jon Swaine, New York | Thursday, May 19, 2011

Portugal in Crisis after Prime Minister Resigns over Austerity Measures
THE GUARDIAN: • EU bailout closer after José Sócrates loses crucial vote • Political limbo will put pressure on Portuguese bonds

Portuguese prime minister José Sócrates has said he has submitted his resignation to the president after parliament rejected his minority Socialist government's latest austerity measures.

The loss of the vote "has taken away from the government all conditions to govern," Sócrates said. It brings the country closer to needing a bailout.

Sócrates is said he tendered his resignation to President Aníbal Cavaco Silva tonight, leaving the country in a political limbo that would place further pressure on Portugal's record-level bond yields.

Sócrates had said before the vote that he would resign if the measures to cut spending and increase taxes – designed to see off a bailout similar to those taken by Greece and Ireland – were rejected.

The measures had aroused the fury of trade unions, and railway engineers walked off the job in the morning, causing widespread travel disruption. » | Giles Tremlett in Madrid | Wednesday, March 23, 2011

THE GUARDIAN: Portugal bailout 'could cost UK £3bn': Bailout request seen as 'inevitable' following prime minister's resignation in wake of failure to push through austerity measures » | Graeme Wearden | Thursday, March 24, 2011

Le patron de BP quittera son poste en octobre
CYBERPRESSE: Une source officielle a confirmé lundi que le chef de la direction de BP (BP), Tony Hayward, démissionnerait de son poste en octobre pour accepter un emploi avec TNK-BP, une coentreprise de la pétrolière en Russie.

L'image publique de Tony Hayward était devenue étroitement liée aux ratés de BP dans ses efforts pour maîtriser la fuite de pétrole dans le golfe du Mexique, qui a coûté plusieurs millions de dollars en dommages. >>> La Presse Canadienne, Nouvelle-Orléans | Lundi 26 Juillet 2010

THE GLOBE AND MAIL: BP’s Hayward to resign in October: Embattled CEO will take job with company’s joint venture in Russia, official says >>> Harry R. Weber, New Orleans, The Associated Press | Monday, July 26, 2010