January 31, 2012
Japanese auto parts firms to pay US anti-trust fine
Japan's Yazaki Corporation and Denso Corporation have agreed to plead guilty and pay fines for fixing prices of parts supplied to US manufacturers. Yazaki will pay $470m (£300m), the second-largest antitrust fine in US history, while Denso has…
January 31, 2012
Cameron urges RBS to show ‘restraint’ over more bonuses
Prime Minister David Cameron has urged RBS to show "restraint" in the award of other bonuses for senior executives. Although RBS chief executive Stephen Hester has waived his award of £963,000 in shares, senior colleagues are also in line for…
January 31, 2012
France cuts 2012 growth forecast
France has cut its growth forecast for this year to 0.5% from 1%, Prime Minister Francois Fillon has announced. The revision was made to "take into account the deterioration of the economic situation", he said. It comes as European leaders meet in…
January 31, 2012
China loses WTO appeal over raw materials exports
The World Trade Organisation's appeals body has upheld a ruling that China restricted exports of certain raw materials to protect its domestic manufacturers. China had appealed a WTO ruling in July that it broke global trade rules. The US, Europe,…
January 31, 2012
Romney Leads Polls Heading into Florida Vote
Republican voters in the southeastern U.S. state of Florida are heading to the polls Tuesday in what is expected to be a pivotal contest in the race for the party's presidential nomination. A recent survey of likely voters showed that…
January 31, 2012
UN Nuclear Watchdog Approves Japanese Nuclear Stress Tests
The United Nations' nuclear agency has approved the Japanese government's plan to assess the safety of its nuclear power plants. The International Atomic Energy Agency on Tuesday turned over the results of its week-long fact-finding visit to…
January 31, 2012
Beijing Increases Security in Tibetan Monasteries to Contain Protests
A top official in Chinese-ruled Tibet has ordered increased surveillance in Buddhist monasteries in an apparent effort to prevent the spread of anti-government protests by ethnic Tibetans in neighboring Sichuan province. Qi Zhala, the Communist…
January 31, 2012
Burmese President Says Nation on Path to Democracy
Burmese President Thein Sein says his government is committed to moving the country towards a healthy democracy after decades of military rule. Thein Sein made the promise Monday during a formal state dinner in Singapore, and again in a newspaper…
January 31, 2012
Obama Confirms Drone Strikes in Pakistan
U.S. President Barack Obama has defended the use of drone strikes in Pakistan, which U.S. officials have never before publicly acknowledged. Speaking during an online town hall discussion Monday, Mr. Obama said the drone attacks have been used to…
January 29, 2012
Disruption of Meeting on the Pathway to Citizenship
RTC NEWS received a press release from Chair of the Consultative Forum, Lilian Missick as according to the release disruption of a meeting. The release reads: The disruption of tonight’s meeting on the pathway to citizenship at the Graceway Sports…