Sunday, May 02, 2010

International Headlines

Date: Sun, May 2, 2010 at 8:02 PM
TOP STORIES as of 0800 HKT -- 03 May, 2010

> NYPD RELEASES PICTURE OF A CLOCK USED IN CAR BOMB
The New York City police commissioner has released a picture of
a clock used as part of the device in the attempted Times Square
car bombing.

> DIRE WARNINGS AS OIL SLICK NEARS COAST
President Obama is expected to visit the area of an oil spill
near the Louisiana coast Sunday, as Gulf Coast residents brace
for the arrival of a massive oil slick creeping toward shore.

> GREECE AGREES TO $146 BILLION BAILOUT
Greek Prime Minister George Papandreou tried to rally his
country Sunday after a day of protests against plans to tighten
government spending to prevent economic collapse.

> POPE'S ENVOY TO RUN DISCREDITED ORDER
Pope Benedict XVI will appoint a special envoy to run a Mexican
Catholic order whose founder abused minor-age seminarians and
fathered three children with two women, the Vatican said
Saturday.

> IRAN'S AHMADINEJAD HEADS FOR U.S.
Iranian President Mahmoud Ahmadinejad left Sunday for the United
States to take part in a conference on nuclear nonproliferation,
a Foreign Ministry spokesman told state television.

> ISRAEL-PALESTINIANS TALKS COULD RESTART
Israeli Prime Minister Benjamin Netanyahu over the weekend
welcomed the Arab League's endorsement of peace talks with the
Palestinians.

> TENNESSEE FLOODS KILL 5; RAIN FORECAST
Tennessee can expect two to three more inches of rain Sunday, a
day after a heavy downpour triggered severe flooding and killed
at least five people.

> WORKERS HIT STREETS ON MAY DAY IN CUBA
Thousands packed Havana's Revolution Square on Saturday for
International Workers' Day, drawing hordes of Cuban
demonstrators, spectators, and trade unionists from around the
world -- including the United States and the United Kingdom.


BUSINESS
~~~~~~~~~~~

> DIRE WARNINGS ISSUED FOR U.S. GULF COAST
Even before reaching land, the oil slick has already taken a
dramatic toll on life all along the U.S. Gulf Coast, bringing
fishing and tourism to a halt in many places and threatening to
cripple those industries for weeks to come.

> SPAIN UNEMPLOYMENT TOPS 20 PERCENT
Unemployment in Spain has reached 20.05 percent, meaning 4.6
million people are out of work, the Spanish government announced
Friday.

> BARCLAYS Q1 PROFITS SOAR TO $2.7B
Barclays played down its exposure to the debt crisis spreading
across Europe on Friday as it reported a 47 per cent rise in
pre-tax profits for the first three months of the year.


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