Wednesday, June 30, 2010
International Headlines
>TOP STORIES as of 0800 HKT -- 30 June, 2010
> DOW TUMBLES AMID GLOBAL SLOWDOWN FEARS
Stocks tumbled Tuesday, with the Dow falling as much as 326
points and the S&P hitting an eight-month low amid signs of a
bigger slowdown in the global economy.
> PULLOUT DOMINATES PETRAEUS HEARING
Bickering over U.S. President Barack Obama's plan to begin
withdrawing U.S. troops from Afghanistan in July 2011 marked a
Senate hearing on General David Petraeus.
> 11TH RUSSIAN SPY SUSPECT ARRESTED
A suspect in an alleged Russian spy ring has been arrested in
Cyprus a day after 10 other suspects in the case were detained
in the U.S. following an FBI investigation.
> FORMER AGENT: ONLY BAD SPIES GET CAUGHT
Allegations that 11 people acted as Russian agents in a
long-term mission in the United States have again shone a light
on the murky world of espionage.
> CNN'S LARRY KING TO LEAVE HIS SHOW
Larry King, the iconic TV interviewer, will step aside from
hosting of his prime time CNN show later this year, he said
Tuesday.
> GOOGLE STRUGGLES TO GIVE AWAY $10M
On its tenth anniversary in 2008, Google promised $10 million to
the best five ideas for using technology to improve the world,
through Project 10x100 -- a neat play on words (10 to the 100th
power expresses the number "googol," which is a one followed by
one hundred zeroes).
> 26 INDIA POLICE KILLED IN MAOIST AMBUSH
(CNN) -- At least 26 armed police were killed in a Maoist ambush
in eastern India on Tuesday, authorities said.
> GUATEMALA: FUGITIVE BROTHERS SURRENDER
Two fugitive brothers wanted in the much-publicized slaying of a
Guatemalan lawyer last year were being held at a military base
Tuesday, one day after they surrendered to authorities from a
special United Nations commission, the Guatemalan Defense
Ministry said.
BUSINESS
~~~~~~~~~~~
> CHINA SLOWDOWN FEARS HIT MARKETS
Concerns about the global economy roiled world financial markets
Tuesday after a report on leading indicators in China was
revised lower.
> SPANISH BANKS RAGE AT END OF ECB OFFER
Spanish banks have been lobbying the ECB to act to ease the
systemic fallout from the expiry of a $542 billion funding
programme this week.
> HOW POLAND AVOIDED RECESSION
While the rest of Europe has battled with recession, Poland
remained the only country to keep its head above water.
