Monday, May 03, 2010
International Headlines
>TOP STORIES as of 0800 HKT -- 04 May, 2010
> CLINTON, AHMADINEJAD FACE OFF AT NUCLEAR SUMMIT
U.S. Secretary of State Hillary Clinton accuses Iran of
"flouting the rules" of the Nuclear Non-proliferation Treaty and
calls for "a strong international response."
> SUV IN TIMES SQUARE BOUGHT FOR CASH
Authorities in New York are examining evidence, including 20
seconds of CCTV footage, after a failed car bombing attempt in
Times Square over the weekend.
> BP BOSS: WE'LL PAY FOR GULF SPILL CLEANUP
BP will "absolutely be paying for the cleanup operation" of the
huge oil spill in the Gulf of Mexico as 210,000 gallons of crude
a day continue to pour into the sea.
> GREEKS STRIKE OVER AUSTERITY MEASURES
Greek workers went on strike Monday, marching to parliament to
protest cuts in government spending demanded by international
funders.
> ECB EXTENDS MULTI-BILLION GREEK LIFELINE
Greece has been given an unprecedented lifeline by the European
Central Bank that will boost the attractiveness of its
crisis-hit government bond market.
> TENNESSEE FLOODS LEAVE AT LEAST 15 DEAD
Inspectors will be scoping out damage Monday from the massive
flooding that has gripped the mid-South and is believed to be
responsible for at least 11 deaths in Tennessee, the Nashville
and state emergency management offices said.
> ABBAS WARY OVER TALKS WITH ISRAEL
Palestinian Authority President Mahmoud Abbas says he is ready
for a new round of peace talks with Israel, but he harbors a
jaded view of the exercise.
> FIFA RELENTS IN IRAN HIJAB ROW
World governing body FIFA says it will now allow an Iranian
women's team to take part in the Youth Olympics if the players
wear caps instead of the Islamic headscarf, the hijab.
BUSINESS
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> GREECE AGREES CUTS TO SECURE DEBT BAILOUT
Greece has accepted a bailout deal including tough austerity
measures, Finance Minister George Papaconstantinou announces.
> SPILL COULD COST BP $3 BILLION OR MORE
There are a lot of uncertainties right now about the Gulf oil
spill. But one thing is clear: In addition to the intangible
loss of wildlife, it's going to cost BP a lot of money.
> AUSTRALIA PLANS NEW 40% MINE TAX
Australia's centre-left government angered the country's mining
industry on Sunday when it announced plans for a 40 per cent tax
on profits generated by resource companies.
