MAY
26
2010

Pakistan to partially restore YouTube

A number of high-profile websites were blocked in Pakistan last week over offensive content, such as a Facebook page that urges users to post images of Islam´s Prophet Mohammed.

MAY
26
2010

Ammtec to reject $122m Campbell offer

Perth-based Ammtec said yesterday its board, led by chairman David Macoboy, believed Campbell Brothers´ $3.35 a share bid and its alternative two-for-17 scrip offer, valued at $116m, were too low and would reject both.

MAY
26
2010

Portugal Telecom says Telefonica offer ´clearly insufficient´

Portugal Telecom SGPS SA Chief Executive Officer Zeinal Bava said Telefonica SA´s 5.7 billion- euro ($7 billion) offer for its stake in their Brazilian joint venture is "clearly insufficient," marking a shift in stance.

MAY
26
2010

Iraqi Airways to be closed following bankruptcy

The Iraqi government has said it will close the state-owned Iraqi Airways after declaring it bankrupt.

MAY
25
2010

Ten-year-old schoolboys convicted of attempted rape

A pair of primary school boys yesterday became two of the youngest sex offenders in Britain after being found guilty of the attempted rape of an eight-year-old girl.

MAY
25
2010

Supreme Court says bias case over firefighter hiring can move forward

A class of 6,000 African-Americans who sued the city of Chicago for race bias in its hiring of firefighters did not bring untimely discrimination charges, the U.S. Supreme Court held on Monday.

MAY
25
2010

G8/G20 security costs could reach $900-million

Supplementary estimates released by Parliament Tuesday indicate federal government will spend $654-million on security on top of the $179-million announced in March, for a total of $833-million.

MAY
25
2010

Madoff investors, banks settle for $15.5 billion, lawyers say

Banks agreed to pay about $15.5 billion to settle claims by about 720,000 investors outside the U.S. who lost money in Bernard Madoff’s fraud, according to a group of law firms that represent victims.

MAY
25
2010

Chavez and the opposition battle over control of the Internet

The internet war erupted against a background of severe economic problems in Venezuela. Inflation has hit an annual rate of 30 percent and the country´s currency, the Venezuelan Bolivar, lost almost half its value against the US dollar. Opponents argue that Hugo Chavez is mismanaging the economy and cracking down on critics.

MAY
25
2010

China ´mispricing´ to correct, Morgan Stanley says

Chinese stocks are factoring in both accelerating inflation and declining growth, a “mispricing” that is poised to “correct soon,” Morgan Stanley said.

MAY
25
2010

Allow gay men to donate blood, researchers say

The policy banning gay men from donating blood in Canada is outdated and discriminatory, according to a group of AIDS researchers who argue that changing it would be beneficial to the whole blood system.

MAY
25
2010

Green law pushes up power price

Two big power suppliers have blamed the Emissions Trading Scheme for price rises which will add an average $5 a month to electricity bills.

MAY
25
2010

Brazil launches international TV station for Africa

Brazil has launched an international television station based in Mozambique´s capital, Maputo, to broadcast to African nations.

MAY
25
2010

Iran deal seen as spot on Brazilian leader´s legacy

When the Brazilian president, Luiz Inácio Lula da Silva, went to Tehran two weeks ago, he was hoping to defuse a seemingly intractable crisis over Iran’s nuclear program and cement his reputation as an international statesman.

MAY
25
2010

Former Toyota lawyer awaits key ruling

The former in-house lawyer at Toyota Motor Sales, U.S.A., Inc. whose claims against his former employer were directed by a federal judge into arbitration last November, is expecting a ruling that is likely to have broad implications for him, and possibly for scores of plaintiffs who have sued Toyota.

MAY
25
2010

U.S. Supreme Court won´t hear jailed L.A. lawyer´s contempt of court case

After a Los Angeles County Superior Court judge sent him to jail indefinitely for contempt of court last year, veteran attorney Richard Fine vowed to take his case all the way to the nation´s highest court.

MAY
25
2010

IMF recommends radical changes to Spanish economy

The IMF on Monday urged the Spanish government to introduce sweeping structural reforms to support its efforts to restore its precarious financial situation.

MAY
25
2010

Communications law to be reviewed

Two top Democratic legislators said Monday that they would begin a process to modernize telecommunications laws that were last overhauled in 1996 but barely mention the Internet.

MAY
25
2010

Synthetic life patents ´damaging´

A top UK scientist who helped sequence the human genome has said efforts to patent the first synthetic life form would give its creator a monopoly on a range of genetic engineering.

MAY
25
2010

Euro worries prompt global stock market falls

Global stock markets have fallen heavily on Tuesday over continued fears about eurozone debt problems.

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