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Outsourcing firms help Britains FTSE steady at 13-year high
By Francesco Canepa LONDON (Reuters) - The FTSE 100 steadied at near-13-year highs early on Tuesday, as rallies in outsourcing companies Capita and G4S offset a sharp fall in cruise operator Carnival Corporation. Capita rose 6.3 percent to ...
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Eurozone crisis live Severe economic weakness in Southern Europe warns Vodafone
The economic crisis in Southern Europe has been laid bare by Vodafone this morning. It warned shareholders that it has been scorched by the ongoing slump in demand in Spain, Italy, Portugal and Greece, blaming "severe macroeconomic weakness" across the ...
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Nationale Nederlanden facing €2.7bn miss-selling claim
Insurance group Nationale Nederlanden faces a possible €2.7bn claim for miss-selling of its investment-based savings scheme. Website Follow the money has obtained a copy of a report by financial services complaints institute Kifid which says Nationale Nederlanden charged a client undisclosed costs on an investment-based savings scheme and must repay these together with the unrealised ...
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Former IRS commissioner heads to Hill amid scandal
The former head of the Internal Revenue Service heads to Capitol Hill on Tuesday, giving lawmakers their first opportunity to question the man who ran the agency when agents were improperly targeting tea party ...
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Committee nears final big immigration decisions
View Photo Associated Press/J. Scott Applewhite - Senate Judiciary Committee Chairman Sen. Patrick Leahy, D-Vt., right, confers with the committee's ranking Republican, Sen. Chuck Grassley, R-Iowa, on Capitol Hill ...
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Cannes Euro Studios Look to Benefit From Busy London Soundstages
European film studio facility operators in such places as Germany and Eastern Europe feel positioned to take advantage of a shortage of free studio space in London and attract big Hollywood productions in the second half of the year and ...
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Easier travel ahead for Conn. commuters
Metro North employees, in orange vests, help transfer westbound commuters at the transportation center in Bridgeport, Ct., to shuttle buses Monday, May 20, 2013. The commuters had arrived from New Haven by train and were being bused to Stamford, Ct., where rail service to New York was available. A train collision on Friday injured 72 people and disrupted rail service into New York City. (AP ...
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Tax avoidance costs developing countries €460m Oxfam Novib
Developing countries are missing out on some €460m a year in income because big companies use letterbox firms to avoid paying tax there, according to Dutch aid group Oxfam Novib. Brewers, oil firms and mining companies are happy to do business in Africa but use complicated constructions to reduce their tax bills, the organisation’s research, quoted by RTL news, shows. This is a ...
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Despite Rubio’s wooing radio hosts protest immigration bill
U.S. Marco Rubio (R-FL) stand with other senators in the gang of eight in an April news conference on immigration … Conservative radio talk show hosts have signed a letter opposing the sweeping immigration reform bill in the Senate, bucking tea party favorite Sen. Marco ...
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Images of Oklahoma tornado devastation
A child is pulled from the rubble of the Plaza Towers Elementary School in Moore, Okla., and passed along to rescuers Monday, May 20, 2013. A tornado as much as a mile (1.6 kilometers) wide with ...
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The currency gained 0.5 percent to 131.85 per euro
The longest decline in Treasuries this year has left U.S. government debt the cheapest since March 2011 when measured by real yields and the best relative value compared with German bunds in more than two decades. After inflation, 10-year U.S. notes yielded 0.91 percent last week, or 1.77 percentage points more than real yields on U.K. gilts, the widest spread in 25 months. Versus Germany, the ...
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Israel fires back at Syria after gunshots at its troops
Israeli soldiers walk together during a training close to the ceasefire line between Israel and Syria on the Israeli occupied Golan Heights May 7, ...
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IRS officials back on Capitol Hill hot seat over targeting
WASHINGTON (Reuters) - A Senate panel will try on Tuesday to pry more details out of current and former officials of the Internal Revenue Service about the agency's targeting of conservative groups for extra scrutiny when they sought tax-exempt ...
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Yahoo CEO Mayer pledges to get it right on $1.1bn Tumblr buy out
Peter Flanagan New Technology Correspondent - 21 May 2013 YAHOO boss Marissa Mayer promised "not to screw things up" after her company agreed to pay $1.1bn (EUR780m) for the blogging site ...
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Aminex shares plunge 39pc as explorer details project delays
Peter Flanagan - 21 May 2013 SHARES in exploration firm Aminex plunged by more than a third yesterday after the company reported a host of delays to its operations ...
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Ryanair lifts shares to five-year high
Peter Flanagan - 21 May 2013 IRISH shares surged to their highest point in nearly five years, as strong growth from Ryanair boosted the wider ...
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Japan revises its economic forecast as Abes policies start to pay off
Tetsushi Kajimoto and Izumi Nakagawa - 21 May 2013 THE Japanese government upgraded its assessment of the economy yesterday, as emerging signs of an upturn in exports and factory output added to growing evidence that Prime ...
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Around 95pc of Battersea apartments already sold
Nichola Saminather - 21 May 2013 London's Battersea Power Station site has attracted buyers who have reserved about 95pc of apartments and townhouses worth about 681m since January, according to the ...
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Erupting Alaska volcano spews ash disrupts air travel
ANCHORAGE, Alaska (Reuters) - One of Alaska's most active volcanoes, which has been belching ash and spewing lava since last week, has forced regional flight cancellations and dusted some nearby communities with ash, scientists and local officials said on ...
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First Person Taking shelter as tornadoes hit Oklahoma City area
BRIDGE CREEK, Okla. -- It was 1:55 this afternoon when I took my children and dogs down to our storm shelter in this town just southwest of Oklahoma City. I had just phoned my neighbors to warn them about the imminent tornado threat, and no sooner had we reached the storm shelter, a tornado formed right in front of our eyes over in the town of Newcastle. I had no clue just how bad this tornado ...
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Cardinal skips graduction event over Irish PM
View Photo Associated Press/Elise Amendola - Irish Prime Minister Enda Kenny, right, is hooded by Boston College President William P. Leahy as he receives an honorary Doctor of Laws degree during commencement ...
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Police close Susan Powell case reveal new details
View Photo Associated Press/Rick Bowmer - West Valley City Deputy Police Chief Mike Powell, center, makes remarks during a news conference, while West Valley City Mayor Mike Winder, right, and West Valley City ...
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Guatemala court overturns ex-dictators genocide conviction
View Photo Associated Press/Moises Castillo, File - FILE - In this Friday, May 10, 2013 file photo, Guatemala's former dictator Jose Efrain Rios Montt wears headphones as he listens to the verdict in his genocide ...
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Chinese release North Korean fishing boat crew
Yu Xuejun wrote on a verified microblog Tuesday that his captain called him at 3:50 a.m. Tuesday to say that the North Koreans had released them. He says most of their diesel fuel had been stolen and that it was too early to tell the condition of the crew members. Xu says he was unable to pay a ransom, and he thanked ...
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AP source Treasury told WH of IRS disclosure plan
WASHINGTON -; A Treasury official says the department told the White House twice that the IRS was preparing to make public its targeting of conservative political ...
Europe Focus
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US nuclear missles in Europe remain poised for a war that will never come
The United States and Russia recently signed a new landmark nuclear non-proliferation treaty called START in March and the US in early May followed up its non-proliferation goals by making the unprecedented step of publicly declaring how many nuclear weapons it had – just over 5,113 in total, though many of them are in storage and would take time to be deployed.
That is a vast reduction compared to the total arsenal the country possessed at the height of the Cold War in 1967, the number at that time was 31,225, according to reports by European news media. Read more
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