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John Boumphrey says the education system "isn't necessarily producing young people who are ready for work".

The Standard Chartered boss said he values all colleagues and is committed to helping them cope with change.

It said difficulties had been exacerbated by "significant cost increases resulting from government policy choices".

A baggage system failure at Heathrow Airport left about 20,000 bags stranded, marking the fifth such incident at the airport since January. British Airways apologized to travelers.

Archaeologists in Egypt found a rare fragment of Homer's "Iliad" atop a Roman-era mummy, the first literary text ever found in a funerary context, experts said.

Beachgoers at Laguna Beach face fines up to $500 under new summer rules banning tents, canopies and large shade structures along the shoreline.