May 24, 2012
War crimes suspects use blackmail, says new ICC chief
The incoming chief prosecutor of the International Criminal Court (ICC) says some countries are being blackmailed by suspected war criminals. Fatou Bensouda said suspects were threatening to continue killing people unless arrest warrants were…
May 24, 2012
Euro Zone Assessing Possible Greek Exit
Sixteen nations in the euro currency union have started to assess what financial complications might occur if debt-ridden Greece leaves the monetary compact. Even as they voice the hope that Greece stays in the eurozone, European leaders have in…
May 24, 2012
Chinese manufacturing activity ‘contracts in May’
China's manufacturing activity contracted in May, a survey has shown, indicating that the rate of growth in the economy is continuing to slow. The HSBC Purchasing Manager's Index (PMI) fell to 48.7 from 49.3 in April. The data comes amid fears…
May 24, 2012
Hewlett-Packard to cut 27,000 jobs by the end of 2014
Hewlett-Packard, the world's largest maker of personal computers, is to cut 27,000 jobs by end of 2014. The company said the cuts - about 8% of its workforce - will reduce costs by up to $3.5bn (£2.2bn) a year. HP said in a statement that the money…
May 24, 2012
Google did not breach Oracle patents, a court has found
Google did not infringe patents owned by software developer Oracle, a jury in a California court found on Wednesday. The Silicon Valley giants had fought over whether Google used Oracle's Java programming language in its Android mobile operating…
May 24, 2012
Facebook and banks behind flotation face lawsuit
Facebook, its founder Mark Zuckerberg and the banks leading its flotation are being sued by disgruntled shareholders. A writ, filed in a Manhattan court, alleges that Facebook's revised growth figures were not disclosed to all investors. US…
May 24, 2012
German Leader Pressed to Soften Austerity Stance on Greece
German Chancellor Angela Merkel faced pressure Wednesday in Brussels to soften her economic austerity stance that threatens to push Greece out of the euro currency zone. Leaders of 27 European Union countries discussed ideas on how to spur…
May 24, 2012
US Charges Chinese Salesman with Illegally Exporting Nuclear Equipment
U.S. authorities have arrested a Chinese employee of a technology manufacturer for allegedly smuggling uranium enrichment equipment into China. Agents arrested Qiang Hu at a hotel in the northeastern state of Massachusetts. He is suspected of…
May 24, 2012
Iran Nuclear Talks Hit Snag
Continuing talks between Iran and global powers have hit a snag as the West rebuffed Tehran's call for an immediate easing of economic sanctions and official Iranian media said the proposals on the table needed to be significantly revised. The…
May 23, 2012
Miami Heat defeats Indiana Pacers, takes 3-2 lead in series
The Heat’s grind-it-out series with the Pacers got a little easier Tuesday night. Miami coasted to a 115-83 victory at AmericanAirlines Arena in Game 5 of the Eastern Conference semifinals to take a 3-2 lead in the best-of-7 second-round series.…