Sunday, May 09, 2010
International Headlines
>TOP STORIES as of 0800 HKT -- 10 May, 2010
> IMF APPROVES LOAN FOR GREECE TO HELP EASE CRISIS
The International Monetary Fund has approved a $38.6 billion
loan for Greece as part of a larger European Union-led effort to
help ease the country's economic crisis.
> U.S. FEDS: SHAHZAD-TALIBAN LINK LIKELY
Faisal Shahzad, the suspect in the failed Times Square bombing,
was likely working with the Pakistan Taliban, U.S. President
Barack Obama's terrorism adviser says.
> UK LEADERS TRY TO RESOLVE VOTE DEADLOCK
Key figures from the UK's Conservative, pictured above, and
Liberal Democrats parties are in face-to-face talks to resolve a
national election that failed to yield an outright winner.
> OBAMA TROUBLED BY GREECE'S ECONOMY
The Greek crisis and the resulting global economic fallout point
to a new breed of non-state-based threats facing the world, U.S.
President Obama said.
> PLO AGREES TO INDIRECT TALKS WITH ISRAEL
Palestinian leaders have agreed to begin indirect peace talks
with Israel, a Palestinian official said Saturday.U.S. special
envoy George Mitchell, pictured above left, will broker the
talks.
> VOLCANIC ASH CLOUD DISRUPTS FLIGHTS
Ash spewing from an Icelandic volcano prompted flight
cancellations in parts of Europe again on Sunday.
> 11 DEAD, 64 TRAPPED IN RUSSIAN MINE
Hazardous conditions inside Russia's largest coal mine forced
officials to suspend efforts Sunday to rescue dozens of workers
trapped inside after a pair of explosions, the country's
Ministry for Emergency Situations said.
> TENNESSEE FLOODS DEATH TOLL AT 23
Severe storms and massive flooding last weekend killed 23 people
in Tennessee, state emergency management officials said.
BUSINESS
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> AL FAYED TO SELL ICONIC LONDON STORE
Mohamed al Fayed, whose son died in the car crash that killed
Princess Diana, has sold the iconic British department store
Harrods, the advisers to the sale announced Saturday.
> EU LEADERS SEEK TO CALM MARKETS
European Union leaders on Saturday called for a "stabilization
mechanism" in hopes of easing markets shaken by the Greek
economic crisis before they re-open Monday.
> WALL STREET STOCKS FALL AGAIN
The selloff resumed Friday as investors remained jittery
following one of the most gut-churning days in Wall Street
history.
