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Tuesday, July 10, 2012

RBS walks away from debt talks with Dubai firm

RBS walks away from debt talks with Dubai firm

RBS walks away from debt talks with Dubai firm

Posted: 10 Jul 2012 08:43 AM PDT

The Royal Bank of Scotland said Tuesday it has backed out of talks with Dubai Group, an investment company controlled by the emirate's ruler, to rework the terms on $10 billion in debt.

Morocco bus crashes kill 27, including 2 tourists

Posted: 10 Jul 2012 08:42 AM PDT

Two bus crashes in separate locations in Morocco have claimed 27 lives, including those of a German and a Dutch tourist, reported the state news agency Tuesday.

Russian parliament passes Russia-US adoption law

Posted: 10 Jul 2012 10:45 AM PDT

FILE - In an April 12, 2012 file photo, Artyom Savelyev, a 9-year-old Russian boy, is in a foster home in Tomilino, outside Moscow, Russia. Russia's parliament on Tuesday, July 10, 2012 ratified an agreement with the United States which would regulate the adoption of Russian children by Americans. Russian first voiced its grievances about the fate of Russian children adopted in the United States when Savelyev, then 7, was sent back to Russia on a one-way plane ticket by his adoptive mother from Tennessee. The boy's treatment ignited outrage in Russia toward the United States, temporarily halting American adoptions of Russian children. (AP Photo/Misha Japaridze, File)Russia's parliament on Tuesday ratified a long-awaited agreement with the United States regulating the adoption of Russian children by Americans.

Egypt's Islamist parliament reconvenes, defying army

Posted: 10 Jul 2012 12:08 PM PDT

Parliament members talk during a session at the parliament building in CairoCAIRO (Reuters) - Egypt's Islamist-led parliament reconvened on Tuesday after being summoned by new President Mohamed Mursi in an open challenge to the generals who dissolved it last month. The assembly, dominated by Mursi's Muslim Brotherhood and allies, was dismissed by the army in line with a court ruling issued days before Mursi's election. Mursi took office on June 30 ago, the first civilian leader after six decades of military men in power, and recalled the parliament in a decree on Sunday. ...

Cofidis suspend rider over doping suspicions

Posted: 10 Jul 2012 08:39 AM PDT

Di Gregorio was arrested Tuesday as part of an investigation into the organised trafficking of doping substancesTour de France team Cofidis have suspended Frenchman Remy Di Gregorio over doping allegations, the team announced on the race's first rest day Tuesday.

Clinton chides Vietnam on protecting human rights

Posted: 10 Jul 2012 09:36 AM PDT

U.S. Secretary of State Hillary Rodham Clinton speaks during a meeting with Vietnamese Minister of Foreign Affairs Pham Binh Minh at the Government Guest House Tuesday, July 10, 2012 in Hanoi, Vietnam. (AP Photo/Brendan Smialowski, Pool)U.S. Secretary of State Hillary Rodham Clinton says she supports Vietnam's work to help resolve issues in the disputed South China Sea but believes the communist country needs to do more to protect human rights.

Ex-Barclays chief Diamond forfeits $31M bonus

Posted: 10 Jul 2012 08:38 AM PDT

This video image made available by the Parliamentary Recording Unit, shows Barclays chairman Marcus Agius giving evidence to the Treasury Select Committee in Portcullis House, London, Tuesday July 10, 2012. The bank's outgoing chairman, Marcus Agius, in his testimony to the House of Commons Treasury Committee, said Diamond had waived a potential 20 million pounds ($31 million) in bonuses and share awards. Agius added that as part of the resignation deal, Diamond will receive 12 months' salary and pension contributions worth 2 million pounds. (AP Photo/Parliamentary Recording Unit)UK bank Barclays has agreed a resignation package with ex-chief executive Bob Diamond where he will forfeit up to 20 million pounds ($31 million) in bonuses and incentives but receive a year's salary, pension and other benefits worth 2 million pounds.

EU extends Spain's deficit timeline by 1 year

Posted: 10 Jul 2012 08:37 AM PDT

Cypriot Finance Minister and President of the rotating EU Council Vassos Chiarly, bottom left, reads a document , as he is surrounded by unidentified delegation members, during the EU finance ministerial meeting at the European Council building in Brussels, Tuesday, July 10, 2012. Euro area finance ministers agreed early Tuesday on the terms of a bailout for Spain's troubled banks, saying that 30 billion euro ($36.88 billion) can be ready by the end of this month. (AP Photo/Yves Logghe)The European Union worked towards stabilizing Spain's finances Tuesday as it backed up the blueprint for the country's €100 billion bank bailout plan with plans to grant the country an extra year to cut its budget deficit.

OECD sees no end to jobs crisis as economy struggles

Posted: 10 Jul 2012 08:35 AM PDT

Job seeker fills out application during 11th annual Skid Row Career Fair the Los Angeles Mission in Los AngelesLONDON (Reuters)- Unemployment in advanced economies will remain high until at least the end of 2013, with young people and the low-skilled bearing the brunt of what is by far the weakest economic recovery in the past four decades, the OECD said on Tuesday. The jobless rate in the 34-country OECD area will still be stuck at 7.7 percent at the end of next year, close to this May's 7.9 percent rate and leaving 48 million people out of work, the Organisation for Economic Cooperation and Development said in 2012 Employment Outlook. ...

3 UK men kept in prison after terrorism hearing

Posted: 10 Jul 2012 08:34 AM PDT

Three men accused of building a makeshift bomb and making other preparations for a terrorist attack against Britain's far-right English Defense League were ordered held in prison Tuesday by a London court.

Congo denounces insurgency as Rwandan army "invasion"

Posted: 10 Jul 2012 08:34 AM PDT

GOMA, Democratic Republic of Congo (Reuters) - A uthorities in eastern Democratic Republic of Congo accused neighbouring Rwanda on Tuesday of "invading" a volatile border area, portraying an advancing rebel insurgency as a Rwandan military operation. The Rwandan government has consistently denied allegations by Congolese officials and United Nations investigators that it is fomenting and supporting the Tutsi-dominated M23 rebel movement in Congo's mineral-rich North Kivu province, long a tinderbox of regional ethnic and political tensions. "It's not a rebellion, it's an invasion. ...

'Jersey Shore' cast finish filming 6th season

Posted: 10 Jul 2012 08:34 AM PDT

This July 3, 2012 photo shows "Jersey Shore" cast member Mike "The Situation" Sorrentino carrying breakfast out of a restaurant on the Seaside Heights, N.J. boardwalk as filming of the the MTV series was winding down its sixth season. The network says the cast wrapped up filming with a group hug at the end of the July 4th holiday weekend. Sorrentino, Nicole "Snooki" Polizzi, Jenny "JWoww" Farley, Deena Nicole Cortese, Vinny Guadagnino, Paul "Pauly D" DelVecchio, Samantha Giancola and Ronnie Ortiz-Magro then loaded their luggage and drove off. MTV says Season 6 will feature Cortese's arrest after she was dancing in the streets. She pleaded guilty to failing to use the sidewalk. (AP Photo/Wayne Parry)A group hug signaled the end of filming for the sixth season of MTV's "Jersey Shore" reality series.

Unions to hold 'shadow convention'

Posted: 10 Jul 2012 08:34 AM PDT

Three weeks before the Democratic National Convention this summer, union leaders plan to hold their own "shadow convention" to promote labor issues they believe too many elected officials are ignoring.

Finland says requires collateral from Spain for bank aid

Posted: 10 Jul 2012 08:33 AM PDT

HELSINKI (Reuters) - Finland will not participate in the euro zone's planned aid for Spanish banks by the end of this month unless the two countries can agree on collateral before then, Finance Minister Jutta Urpilainen said on Tuesday. "In order for Finland to participate in this loan program, we need collateral. Finland's policy, also the policy granted by the parliament, is that if a temporary mechanism is used then Finland will require collateral," Uprilainen told public broadcaster YLE. She said collateral talks with Spain have started. ...

Nigeria's Boko Haram claims attacks that killed 65

Posted: 10 Jul 2012 08:33 AM PDT

Part of a car used for detonating a bomb is seen at the scene of a blast in KadunaJOS, Nigeria (Reuters) - Islamist sect Boko Haram claimed responsibility on Tuesday for attacks that killed more than 65 people in volatile central Nigeria last weekend, although security forces have blamed the violence on localised ethnic clashes. Boko Haram has killed hundreds of people this year in an insurgency against President Goodluck Jonathan as it tries to carve out an Islamic state in Africa's most populous nation. "We praise God in this war for the Prophet Mohammad. We thank Allah for the successful attack in ... ...

S.Africa to investigate ambassador on MTN case

Posted: 10 Jul 2012 08:27 AM PDT

A customer leaves an MTN shop in JohannesburgCAPE TOWN (Reuters) - South Africa's foreign ministry is investigating allegations a former ambassador to Tehran took a $200,000 bribe to help MTN Group win a mobile licence in Iran, according to government documents released on Tuesday. Foreign Minister Maite Nkoana-Mashabane said in a response to written parliamentary questions that her department had started an investigation into the allegations against Yusuf Saloojee, currently ambassador to Oman. Johannesburg-based MTN is being sued by Turkish rival Turkcell for $4.2 billion. ...

Judge OKs rooftop missiles during London Olympics

Posted: 10 Jul 2012 08:59 AM PDT

A general view shows the Fred Wigg Tower in Leytonstone, east London, Tuesday, July 10, 2012. A judgement is due to be handed down Tuesday after residents of the London apartment tower went to court Monday in a bid to stop their rooftop from being used as a missile base during the upcoming Olympic Games, saying the deployment in a densely-populated area could make the building a terrorist target. The British military plans to deploy surface-to-air missiles at six sites around London as part of a vast security operation for the July 27-Aug. 12, 2012 London Olympic Games, but residents of the 17-storey tower block say they were not consulted about the plans. (AP Photo/Matt Dunham)It has been a tough few months at the pockmarked concrete high-rise known as Fred Wigg Tower. First there was the fire, which left dozens temporarily homeless. Then came the rash of burglaries of fire-damaged apartments. And now the British army will be putting a battery of high-velocity missiles on the roof.

Romanian court ups stakes in presidency referendum

Posted: 10 Jul 2012 08:59 AM PDT

Romanian President Traian Basescu waves after his final speech in the country's parliament prior to a vote to impeach him in Bucharest, Romania, Friday, July 6, 2012. The governing coalition has vowed to go ahead with a vote to impeach President Traian Basescu, as the European Union expressed concern about Romania's rule of law. Parliament voted to suspend Basescu and a referrendum on his impeachment will take place on July 29, 2012. (AP Photo/Vadim Ghirda)Romania's Constitutional Court said Tuesday that a majority of the electorate must turn out to vote in order for a referendum on ousting the president to be valid, a ruling that may make it harder for President Traian Basescu's opponents to push him out.

Oil price down on China data, end of Norway strike

Posted: 10 Jul 2012 08:25 AM PDT

Oil prices is falling Tuesday after China released data indicating its economy continues to slow and Norway stepped in to end a strike that threatened its North Sea oil production.

Congo warlord jailed for 14 years in landmark case

Posted: 10 Jul 2012 08:25 AM PDT

Congolese warlord Thomas Lubanga Dyilo listens to the first sentence delivered by the International Criminal Court at the ICC courtroom in the HagueTHE HAGUE (Reuters) - Delivering its first sentence, the International Criminal Court jailed Congolese warlord Thomas Lubanga Dyilo for 14 years on Tuesday for recruiting child soldiers. The Hague-based court was set up a decade ago to punish and discourage the world's worst crimes through a new system of international justice, but its critics say it has moved too slowly and failed to put its most important suspects on trial. ...

Recall news

Posted: 10 Jul 2012 08:24 AM PDT

The following recall has been announced:

Clinton raps Vietnam on rights, sees limits to ties

Posted: 10 Jul 2012 08:23 AM PDT

U.S. Secretary of State Hillary Clinton delivers a speech during a meeting with the business community in HanoiHANOI (Reuters) - Secretary of State Hillary Clinton criticized Vietnam's human rights record on Tuesday, especially its restriction of free speech online, and her aides said there were limits to better ties until it improved. During a brief visit to Vietnam, a one-party state that is dominated by the Communist Party, Clinton also rejected the idea that economic growth should be given priority over democratic freedoms, arguing that the two "go hand in hand". U.S. ...

Queen greets Olympic torch at Windsor Castle

Posted: 10 Jul 2012 08:15 AM PDT

This image made available by LOCOG shows torchbearer 048 Sarah Winckless carrying the Olympic Flame at the Olympic Rowing Venue, Eton Dorney, England on the Torch Relay leg on Eton Dorney Lake Tuesday July 10, 2012. (AP Photo/Gareth Fuller)Queen Elizabeth II has met an old flame — the fire lit in Greece to mark the London Olympics.

IMF says Italy on long path to economic turnaround

Posted: 10 Jul 2012 09:33 AM PDT

ROME (Reuters) - The International Monetary Fund said on Tuesday that Italy still has a long way to go to turn around its economy, which has had the slowest growth rate in the EU over the past decade. Prime Minister Mario Monti's government has an "ambitious and wide-ranging agenda (which) aims to revive growth," the Washington-based institute said in its annual report on Italy's economy, the euro zone's third biggest. ...

Annan: Syria plan to focus on most violent areas

Posted: 10 Jul 2012 10:45 AM PDT

Iranian Foreign Minister Ali Akbar Salehi, right, speaks with media during a joint press conference with International envoy Kofi Annan, left, after their meeting in Tehran, Iran, Tuesday, July 10, 2012. Annan said Tuesday that Iran must be "part of the solution" to the bloody crisis in its close ally Syria, and that the Tehran has offered its support to end the conflict. (AP Photo/Vahid Salemi)Syria's president has agreed to a new U.N.-brokered peace plan focusing on calming the most violent areas of the country, then expanding to the entire nation, international envoy Kofi Annan said Tuesday.

Smith agrees to return to Knicks

Posted: 10 Jul 2012 08:13 AM PDT

The New York Knicks are keeping another key member of their rotation with JR Smith deciding to re-sign.

Indian female athlete bailed on rape charges

Posted: 10 Jul 2012 09:03 AM PDT

Former Indian athlete Pinki Pramanik was arrested on June 14An Indian court granted bail on Tuesday to a female international athlete charged with raping her former girlfriend, who has alleged that she is actually a man.

Army pulling out of NASCAR at end of season

Posted: 10 Jul 2012 11:56 AM PDT

FILE - In this Oct. 22, 2011, file photo, NASCAR Sprint Cup Series driver Ryan Newman smiles after qualifying for the Good Sam Club 500 auto race at the Talladega Superspeedway in Talladega, Ala. The U.S. Army will not return to Stewart-Haas Racing next season, citing a reallocation of its marketing budget that does not include a presence in NASCAR. SHR said Tuesday, July 10, 2012, it is pursuing a new sponsor. (AP Photo/Terry Renna, File)The U.S. Army will not return to Stewart-Haas Racing next season, effectively ending its sponsorship in NASCAR altogether after a decade.

Qatar Airways mulls UK soccer sponsorship deal: CEO

Posted: 10 Jul 2012 08:05 AM PDT

FARNBOROUGH, England (Reuters) - Qatar Airways is considering sponsoring a English Premier League soccer club, having received two recent approaches to do so, its chief executive said on Tuesday. "Two English teams have approached us. We told them that we would consider it ... but we are not yet ready to do it," Akbar Al Baker said at the Farnborough Airshow. He said the approaches had come from clubs looking to build new stadia and that Qatar Airways favored a deal involving stadium naming rights - similar to Arsenal's deal with Dubai-based Emirates Airline. ...

Boeing lands further airshow deals

Posted: 10 Jul 2012 10:40 AM PDT

The orange sunrise sunset LED atmospheric lighting of the interior of a Boeing 737-900ER is seen on display at the Farnborough International Airshow, Farnborough, England, Tuesday, July 10, 2012. Boeing Co. and arch-rival Airbus were caught in a fierce dogfight for orders at the Farnborough Airshow Tuesday, with both aircraft manufacturers unveiling multi-billion deals — crucial at a time of global economic unease. Boeing was the big winner for the second day as it clinched a further two big orders worth a little more than $11 billion for its remodeled short-haul 737 aircraft. Meanwhile, European rival Airbus unveiled its first billion-dollar order at this year's airshow. (AP Photo/Sang Tan)Boeing Co. and archrival Airbus were caught in a fierce dogfight for orders at the Farnborough Airshow on Tuesday, with both aircraft manufacturers unveiling multi-billion deals — crucial at a time of global economic unease.

Mass. man to plead in plot to blow up Pentagon

Posted: 10 Jul 2012 11:10 AM PDT

This section of an undated photo released by the U.S. Attorney's Office, which had been presented as a government Aexhibit at a 2011 hearing, shows Rezwan Ferdaus, of Ashland, Mass. Court documents filed Tuesday, July 10, 2012 said Ferdaus, who is charged with plotting to fly remote-controlled model planes packed with explosives into the Pentagon and U.S. Capitol, plans to plead guilty to two charges on July 20, 2012 in federal court in Boston. (AP Photo/U.S. Attorney's Office)A Massachusetts man charged with plotting to fly remote-controlled model planes packed with explosives into the Pentagon and U.S. Capitol will plead guilty to two charges, his lawyers and prosecutors said in a plea agreement filed in federal court Tuesday.

Airbus fights back under dark skies

Posted: 10 Jul 2012 11:04 AM PDT

A model of an Airbus A350 passenger plane is displayed at a news conference in Hong KongFARNBOROUGH, England (Reuters) - Airbus has won a potential $4.2 billion order for its A350 passenger jet, its first major deal at a subdued Farnborough Airshow, where a faltering global economy is casting clouds as dark as the skies over southern Britain. The deal announced on Tuesday with Hong Kong airline Cathay Pacific is a major boost for the European planemaker, which has been struggling to sell its A350-1000 "mini-jumbo" and make a dent in Boeing's hold on the lucrative corner of the passenger jet market, just below 400 seats. ...

War crimes court hands DR Congo rebel 14 years' jail

Posted: 10 Jul 2012 09:24 AM PDT

Congolese warlord Thomas Lubanga (C) hears the first-ever sentence delivered by The International Criminal Court (ICC)The International Criminal Court jailed Congolese warlord Thomas Lubanga for 14 years Tuesday for using child soldiers in his rebel army, the first sentence to be handed down by the world's only permanent war crimes tribunal.

Terry tells court of anger about racism claim

Posted: 10 Jul 2012 07:55 AM PDT

Former England soccer captain and Chelsea player John Terry, center, arrives at Westminster Magistrates Courts in London, Tuesday, July 10, 2012. The racism trial of Terry began Monday with prosecutors claiming the Chelsea captain acknowledges using offensive language as a "sarcastic exclamation" in response to taunts that he allegedly had an affair. The England defender is accused of racially abusing Queens Park Rangers defender Anton Ferdinand, who is black, during a Premier League match in October. (AP Photo/Sang Tan)Chelsea captain John Terry took the stand in his racism trial Tuesday to angrily deny he is prejudiced or racially abused an opponent during a Premier League match.

Ex-Israeli PM Olmert cleared in corruption case

Posted: 10 Jul 2012 07:53 AM PDT

Former Israeli Prime Minister Ehud Olmert stands next to lawyers at Jerusalem's District Court following a verdict hearing in his trial Tuesday, July 10, 2012. An Israeli court on Tuesday cleared Olmert of the major charges in a corruption trial that forced him from power. Olmert was found guilty of a lesser offense, and it was not clear whether that verdict could send him to jail. (AP Photo/Gali Tibbon, Pool)An Israeli court cleared former Prime Minister Ehud Olmert on Tuesday of the central charges in a multi-case corruption trial that forced him from power, but convicted him of a lesser charge of breach of trust.

Massachusetts man pleads guilty in plot to attack Pentagon, Capitol

Posted: 10 Jul 2012 09:07 AM PDT

Booking mug of Rezwan FerdausBOSTON (Reuters) - A Massachusetts man charged with plotting to attack the Pentagon and the U.S. Capitol with large, remote-controlled model airplanes packed with explosives has agreed to plead guilty, authorities said on Tuesday. Prosecutors and defense attorneys have agreed to request a 17-year sentence for Rezwan Ferdaus on charges that he attempted to damage and destroy a federal building, and attempted to provide material support to terrorists. ...

Barclays' Diamond accused of misleading inquiry

Posted: 10 Jul 2012 10:50 AM PDT

Barclays bank former Chief Executive Bob Diamond arrives at Portcullis House in LondonLONDON (Reuters) - MPs on Tuesday accused Barclays former chief executive Bob Diamond of misleading a parliamentary inquiry into an interest rate-fixing scandal that has forced him to resign and give up bonuses worth up to 20 million pounds ($30 million). The affair became a major political issue in Britain this month, after authorities fined Barclays more than $450 million for its part in manipulating a crucial interbank interest rate. Diamond resigned on July 3. ...

Apple will start selling iPad in China July 20

Posted: 10 Jul 2012 09:49 AM PDT

Apple will start selling the iPad in China on July 20 after paying $60 million to settle a dispute over the ownership of the tablet computer's name.

Barclays' Diamond accused of misleading inquiry

Posted: 10 Jul 2012 12:17 PM PDT

Barclays Plc President Bob Diamond makes his way to the U.S. Bankruptcy Court in New YorkLONDON (Reuters) - British lawmakers on Tuesday accused Barclays former chief executive Bob Diamond of misleading a parliamentary inquiry into an interest rate-fixing scandal that has forced him to resign and give up bonuses worth up to 20 million pounds ($30 million). The affair became a major political issue in Britain this month, after authorities fined Barclays more than $450 million for its part in manipulating a crucial interbank interest rate. Diamond resigned on July 3. ...

Berets are back for US Olympic team

Posted: 10 Jul 2012 07:47 AM PDT

This product image released by Ralph Lauren shows U.S. Olympic athletes, from left, swimmer Ryan Lochte, decathlete Bryan Clay, rower Giuseppe Lanzone and soccer player Heather Mitts modeling the the official Team USA Opening Ceremony Parade Uniform. As an official outfitter of the U.S. Olympic and Paralympic Teams, Ralph Lauren has designed Team USA's Official Opening and Closing Ceremony Parade Uniforms as well as a unique collection of village wear apparel and accessories which embodies the spirit of American athleticism and sportsmanship. (AP Photo/Ralph Lauren)Berets are back for the U.S. Olympic team.
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