January 5, 2012
Top China airlines to ignore EU carbon tax, body says
China's biggest airlines will not pay a new European Union tax aimed at cutting carbon emissions, their trade body has said. On 1 January, the EU brought airlines under its Emissions Trading Scheme (ETS), which levies a charge on flights based on…
January 5, 2012
Kodak shares tumble 28% amid fears about its future
Shares in Eastman Kodak have fallen 28% on speculation the photography firm was preparing to file for bankruptcy protection in the US. Shares dropped 18 cents to a record low of 47 cents on Wednesday. The sell-off was triggered by a report in the…
January 5, 2012
British Lawmakers Urge Ruling on Lethal Force Against Pirates
British lawmakers are urging the government to clearly define when lethal force can legally be used against pirates. The request is part of a report released Thursday by parliament's foreign affairs committee, which welcomed the government's…
January 5, 2012
LA Arson Suspect Charged, on Suicide Watch
Authorities have charged a German citizen with 37 counts of arson in connection with dozens of fires set across Los Angeles over the New Year's weekend. Harry Burkhart made a brief court appearance on Wednesday, appearing disoriented at…
January 5, 2012
Britain’s Foreign Secretary Makes Historic Visit to Burma
British Foreign Secretary William Hague says he will press Burma to release its political prisoners during his first official visit to the southeast Asian country. Hague's historic visit to Burma begins in the capital, Naypyidaw, where he will…
January 5, 2012
Philippines Landslide Kills 25, 100 Missing
Philippines officials say a landslide in a gold mining community on the southern island of Mindanao has killed at least 25 people and left more than 100 others buried under tons of rocks and mud. Officials say the disaster struck before dawn…
January 4, 2012
Romney & Santorum Tied In Iowa Caucuses
Social conservative Rick Santorum and former Massachusetts governor Mitt Romney were tied for first place among Republican candidates in the Iowa caucuses, the first nominating contest of the 2012 presidential election. Longtime front-runner…
January 4, 2012
Iran nuclear crisis: Sanctions ‘beginning to bite
The US has said threats by Iran to restrict Gulf shipping in the event of further sanctions shows international pressure is having an effect. The State Department said sanctions on Tehran over its nuclear programme were starting to bite and that…
January 4, 2012
New Hamphire Next State to Hold Nominating Contest
Following the Iowa caucuses, the focus of the U.S. presidential campaign will shift to the next state to hold its nominating contest, the northeastern state of New Hampshire. Polls show that former Massachusetts governor Mitt Romney holds a…
January 4, 2012
Japanese Prime Minister Vows Tax Reforms in 2012
Japanese Prime Minister Yoshihiko Noda says reforming the debt and disaster-stricken country's social security and tax system is the most important item on his 2012 legislative agenda. Speaking at a news conference Wednesday marking the start of…