April 10, 2013
New York Metropolitan Museum of Art receives $1bn donation
New York's Metropolitan Museum of Art has received a $1bn (£650m) donation of Cubist art from cosmetics executive Leonard Lauder. The heir to the Estee Lauder fortune has pledged 78 works - considered one of the foremost collections of Cubism in…
April 10, 2013
Barack Obama unveils $3.77tn budget plan
US President Barack Obama has unveiled a $3.77tn (£2.4tn) budget that proposes fresh taxes on the wealthy along with cuts to benefit programmes. The White House is offering to trim pensions and healthcare costs, but only in return for $700bn in…
April 10, 2013
WTO cuts 2013 trade growth forecast
The World Trade Organization (WTO) has cut its trade growth forecast for 2013 because of risks from the eurozone crisis and from greater protectionism. Global trade is now expected to grow by 3.3% this year, the WTO says, down from its earlier…
April 10, 2013
Brussels warns on Spanish and Slovenian ‘imbalances’
UK hourly labour costs have fallen nearly two euros (£1.7; $2.6) below the EU average, data from the EU's statistics agency Eurostat show. The EU average in 2012 was 23.4 euros hourly - and in the UK it was 21.6. Eurostat calls the figures…
April 10, 2013
South Korea raises alert with North to ‘vital threat
South Korea has raised its alert level to "vital threat" amid indications the North is preparing for a missile test. At least one ballistic missile with an estimated 3,000km (2,000-mile) range is fuelled and ready for launch, US and South Korean…
April 10, 2013
Horsemeat scandal: Dutch uncover large-scale meat fraud
Some 50,000 tonnes of meat supplied by two Dutch trading companies and sold as beef across Europe since January 2011 may have contained horsemeat. The meat is being recalled where possible, the Dutch authorities say. There was no evidence that…
April 10, 2013
Pakistan Gunmen Kill Police Officer Guarding Polio Workers
Officials in northwestern Pakistan say unknown gunmen shot and killed a policeman and wounded another, as they were protecting a team of female polio workers administering vaccines.Authorities said Wednesday's attack happened in Mardan district of…
April 10, 2013
Syria Leads G8 Talks Agenda
Britain and France are expected to continue their push to arm the Syrian opposition in its civil war against President Bashar al-Assad when G8 foreign ministers gather for talks Wednesday in London, but there are no signs of a major policy shift.…
April 10, 2013
Obama Budget Proposes Changes to Social Security, Taxes
President Barack Obama is proposing a $3.77 trillion U.S. government budget for 2014 that he says is "a fiscally responsible blueprint for middle class jobs and growth." Speaking at the White House, Obama said the budget would adjust how Social…
April 10, 2013
CIG’s Ritz trouble rolls on
RC Cayman has filed a second legal action against the Cayman Islands Government regarding the dispute over the sale price of the Ritz-Carlton, Grand Cayman. The new owners of the resort, which is fighting for government to honour the transaction,…