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Former New York Mayor Michael Bloomberg has returned to the helm of Bloomberg, the data and financial news company he founded more than three decades ago.

Mr Bloomberg still owns 88% of the company, and is taking up the role less than a year after leaving City Hall.

He will be replacing Daniel Doctoroff, who steps aside as president and chief executive at the end of the year.

Both men indicated the decision was mutual after realising there was no room at the top for both of them.

“I never intended to come back to Bloomberg LP after twelve years as Mayor,” Mr. Bloomberg said in a statement.

“However, the more time I spent reacquainting myself with the company, the more exciting and interesting I found it – in large part, due to Dan’s efforts.

“I have gotten very involved in the company again and that led to Dan coming to me recently to say he thought it would be best for him to turn the leadership of the company back to me.

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At least 11 policemen have been killed in a bomb attack on a convoy in Egypt’s Sinai Peninsula, officials say.

Two others when injured when a device exploded as they travelled through the village of Wefaq, near the Gaza border.

Security forces have been carrying out an offensive in northern Sinai, killing and capturing dozens of suspected members of jihadist militant groups.

Militants have stepped up attacks on soldiers and police since the overthrow of President Mohammed Morsi last year.

An al-Qaeda-linked group, Ansar Beit al-Maqdis, has claimed responsibility for a series of bombings and shootings.

It says it is avenging the hundreds of Islamists killed and thousands detained in a crackdown on Mr Morsi’s Muslim Brotherhood.

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Saudi Arabia has arrested 88 people accused of plotting attacks inside and outside the country, officials say.

The interior ministry said the men had been monitored for several months before their arrest and “were on the verge of carrying out operations”.

Police say three of the men are from Yemen, one is still being identified and the rest are Saudis.

Correspondents say Saudi Arabia has stepped up its security amid Islamic State’s offensive in Iraq and Syria.

Interior ministry spokesman Mansour al-Turki did not give any details about the plots but said 59 of the men had previously served prison sentences for similar offences.

He told reporters the arrests were made over the past few days, and said it showed that Saudi forces were “serious in tracking down” anyone who joined extremist groups.

“It is unfortunate that some of those who had completed their sentences and were released by court orders returned to their previous ways,” he added.

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Yemen’s president has dismissed his government and promised to review fuel subsidy cuts in a bid to end a stand-off with Zaidi Shia rebels.

Abdrabbuh Mansour Hadi would name a new prime minister to form a national unity administration, state media reported.

However, the initiative was rejected by the rebels, who are known as Houthis.

Thousands of their supporters have been holding protests across the country for weeks, calling on the government to be dissolved and the subsidies restored.

The Houthis have staged periodic uprisings since 2004 in an effort to win greater autonomy for their northern heartland of Saada province.

They consolidated control over Saada during the 2011 uprising that forced long-time President Ali Abdullah Saleh to step down, and since July have inflicted defeats on tribal and militia groups backed by the leading Sunni Islamist party, Islah, in neighbouring Amran province.

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Amnesty International says it has new evidence Islamic State militants are carrying out “a wave of ethnic cleansing” against minorities in northern Iraq.

The human rights group said IS had turned the region into “blood-soaked killing fields”.

The UN earlier announced it was sending a team to Iraq to investigate “acts of inhumanity on an unimaginable scale”.

IS and allied Sunni rebels have seized large swathes of Iraq and Syria.

Thousands of people have been killed, the majority of them civilians, and more than a million have been forced to flee their homes in recent months.

Latest reports say angry relatives of soldiers abducted by IS have forced their way into the parliament building in the capital, Baghdad. Riot police have been trying to bring the situation under control, the Agence France-Presse news agency reports.

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