An oversight committee of the British Parliament sharply criticized top BBC executives and trustees, including the corporation’s former director general, Mark Thompson, now the president and chief executive of The New York Times Company, judging that their award of severance payments to departing managers appeared to be part of a culture of cronyism.

An oil industry overhaul approved by Mexico's Congress portends massive changes for the country's iconic national oil industry – and potentially a boost for the economy. The bill, approved overnight, would promote foreign investment and allow private companies to explore and exploit petroleum deposits – tasks previously reserved for Petróleos Mexicanos, or Pemex, as the state oil agency is known. It must be ratified by state assemblies, approval that is expected.