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Ex-Im Bank loan guarantee to Air India upheld by US appeals court
WASHINGTON - A U.S. appeals court has upheld a decision by the U.S. Export-Import Bank to finance the sale of 30 Boeing wide-body jets to Indian state-owned carrier Air India in a legal challenge brought by Delta Air Lines to the loan guarantee. The court has however directed the government-run bank to better explain its rationale for providing loan guarantee, which Delta claimed as a ...
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Google spending $7mn to fight child pornography
LONDON - Internet giant Google said it is spending $5 million to wipe images of child abuse off the Internet and another $2 million to create tools to find the images and eradicate them. "We're in the business of making information widely available, but there's certain 'information' that should never be created or found," wrote Jacqueline Fuller, director of Google Giving, in a blog post. ...
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Aspen seeks to acquire GSK thrombosis drug and plant
DURBAN / LONDON - South Africa's biggest generic drug maker Aspen Pharmacare and its subsidiary Aspen Global Incorporated have made an offer to acquire thrombosis drugs and their associated manufacturing site at Notre Dame de Bondeville, France, from GlaxoSmithKline (GSK). "AGI will acquire from GSK the Arixtra and Fraxiparine/Fraxodi brands and business worldwide, except in China, Pakistan ...
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Shenzen to be first Chinese city to begin carbon trading
BEIJING - China, the world's biggest carbon emitter, is set to launch Tuesday its first carbon trading scheme as a pilot project in the southern city of Shenzhen as part of efforts to cut emissions in its key cities. Carbon emissions trading schemes are meant to encourage companies to reduce their carbon dioxide emissions by setting a limit or a cap, on the level of emission that can be ...
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UK inflation rises to 2.7pc in May pushed by higher transport cost
LONDON - The consumer price index (CPI) inflation increased to 2.7% in May, up from 2.4% in April, mainly due to higher fuel costs pushing up transportation costs particularly airfares, the Office for National Statistics (ONS) said Tuesday. The ONS said the rise was due to a record increase in airfares and higher fuel prices. "The inflation rate has returned to the levels seen between ...
22°C Partly Cloudy
Winds: From the ESE at 8 MPH
Movie Review
À nos amours [DVD]
Writer/director Maurice Pialat became a filmmaker late in life. He began making shorts and documentaries in his mid-30s, but he was 43 before he directed his first feature-length film, 1968s Lenfance nue. Prior to that, he was a painter, but interestingly enough, there is nothing ... ...
On Facebook
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Yahoo follows Facebook and Microsoft in publishing US govt sought snoop data
Internet corporation Yahoo has followed the league of technological companies in publishing reports about 'snoop data' requests made by the US government. According to the Guardian, Yahoo has revealed that it had received 12,000-13,000 requests, inclusive of criminal, Foreign Intelligence Surveillance Act (FISA), and other requests by the government between 1 December 2012 and 31 May ...
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Average earnings up 0.5 in 2012
Average annual earnings for Irish workers rose by 0.5% last year to €36,079. Earnings were up in 9 of the 13 sectors covered by the CSO statistics for 2012. The sector which showed the biggest increase was "professional, scientific and technical" where average earnings rose 5.2% to just under ...
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No NSA Spying Did NOT Prevent a Terror Attack on Wall Street
June 19, 2013 In response to the revelation that the NSA has been illegally spying on all Americans for more than a decade, NSA chief General Keith Alexander claimed that the spying prevented a terrorist attack on Wall Street and the New York subway. There's only one problem: the claim is completely false. The Christian Science ...
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Indications Stock futures higher but jittery ahead of Fed
MADRID (MarketWatch) -- U.S. stock market futures moved cautiously higher on Wednesday as markets awaited the main event: a monetary-policy decision from the Federal Open Market Committee, with a press conference to follow from Federal Reserve Chairman Ben ...
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Conventional markets could cure capital concern
The relationship between co-ops and capital has never been straightforward. While in theory co-ops fund their capital needs from their members' own capital and from retained profits, in practice co-ops have frequently needed to bring in external capital. ...
Making the news
Our nuclear programmes are completely transparent. But we are ready to show greater transparency and make clear for the whole world that the steps of the Islamic Republic of Iran are completely within international frameworks. The sanctions are unfair, the Iranian people are suffering, and our (nuclear) activities are legal. These sanctions are illegal and only benefit Israel.
Hassan Rouhani
Iran's president-elect was speaking after his historic election victory.
Hotel Review
Le Meridien Noumea, New Caledonia
This deluxe hotel is reputedly the finest in New Caledonia. The drive from Tontouta international airport is 45 minutes and ...
Keep readingRecord Your Vote
Should tax havens be forced to lift their shroud of secrecy?
London Mercury
London Mercury | Breaking News from London & U.K.We work strenuously to bring our readers a completely independent perspective of London news. Our software programmers, editors, journalists and affiliated wire services are all dedicated to producing the best journalism possible. This in a world where conflicts of interest pervade business empires, and political dynasties, and where a shrinking number of media proprietors are growing their interests at the expensive of diversity of media ownership. The London Mercury is an independent online newspaper. Our focus primarily is to produce the latest breaking stories out of London. We also cover the nation. Regional news too is a priority, as is our extensive world news coverage. For a London weather report, local news, breaking international headlines, or what's happening in sports, the London Mercury is for you. Our Business Centre too is active 24 hours a day, bringing you the latest market updates from key global centres like Tokyo, Sydney, London, Paris, Berlin, and New York. Foreign exchange rates are a regular feature, and we provides a vast range of general interest news covering topics like business travel, seniors, womens interest, and lifestyle stories.
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