January 15, 2012
Somali Pirates Free Indian Crew of 21
Indian shipping officials say all 21 Indian crew members of a chemical oil tanker held hostage by Somali pirates since August have been released. An Indian shipping spokesman said late Saturday the crew and the ship, the MV Fairchem Bogey, are…
January 13, 2012
Obama requests another $1.2 trillion to pay US costs
resident Barack Obama has formally notified Congress of proposals for a $1.2 trillion (£782bn) rise in borrowing, risking another battle with Republicans. In a letter, Mr Obama said "further borrowing is required to meet existing (spending)…
January 13, 2012
Samsung and LG fined by regulator for price fixing
South Korea's antitrust regulator has fined Samsung Electronics and LG Electronics for conspiring to fix the prices of some appliances. The companies face a penalty of 44.6bn won ($39m; £25.2m), said the Fair Trade Commission (FTC). The regulator…
January 13, 2012
Apple ends China iPhone store sales after launch issues
Apple has said it will halt the sale of all iPhone models from its stores in China, after large crowds disrupted the launch of the iPhone 4S. An Apple store, in the Sanlitun area of Beijing, did not open on Friday after a large crowd gathered…
January 13, 2012
Beowulf, First Reserve sign on for Caribbean pipeline
The Eastern Caribbean Gas Pipeline project has acquired two new majority owners — Beowulf Energy LLC (Beowulf) out of New York and First Reserve Energy Infrastructure Fund (FREIF), which has offices in Greenwich, Houston, Hong Kong and London.…
January 13, 2012
Japan PM Shuffles Cabinet to Win Support for Tax Hike Proposal
Japanese Prime Minister Yoshihiko Noda reshuffled his cabinet on Friday in an attempt to gain cross-party support for a controversial plan to raise the country's sales tax. Mr. Noda replaced five government ministers but he left 12 posts…
January 13, 2012
US Marines identify ‘urination’ troops
At least two of four US Marines shown in a video appearing to urinate on Taliban corpses have been identified, a Marine Corps official has told the BBC. The video, which was posted online, purports to show the Marines standing over the bodies of…
January 13, 2012
Pakistan’s President Returns Home
Pakistan's president has returned home from a trip to Dubai, amid growing tensions between Pakistan's civilian government and the military. Pakistan officials say Asif Ali Zardari returned to Islamabad early Friday. Authorities said Mr. Zardari…
January 13, 2012
Burma Begins Releasing Political Prisoners
Burma has begun releasing some prominent political prisoners as part of a government amnesty program, in the latest move toward political reform by the country's military-backed government. Burmese state media said that 651 detainees were being…
January 13, 2012
Manny Pacquiao accepts Floyd Mayweather’s latest challenge
Manny Pacquiao has accepted Floyd Mayweather's challenge for a showdown in May, but barriers remain in the way of a possible super-fight. On Wednesday, Mayweather demanded Pacquiao "give the world what they want to see" and agree to a bout on 5…