Tuesday, May 11, 2010
International Headlines
>TOP STORIES as of 0800 HKT -- 11 May, 2010
> GLOBAL MARKETS SURGE ON EUROZONE BAILOUT
Wall Street has closed up almost 4 percent as markets across the
world surged after EU leaders announced a major global rescue
package to stabilize the eurozone.
> BROWN STEPPING DOWN AS LABOUR LEADER
UK Prime Minister Gordon Brown says he will step down after his
party was defeated in parliamentary elections last week.
> NY BOMBER 'WENT TO PAKISTAN FOR HELP'
When Times Square suspect Faisal Shahzad last traveled to
Pakistan, he was looking for help from the Pakistani Taliban in
carrying out a bomb attack, a senior administration official
said Monday.
> 4 WEEKS OF STRIKES TO HIT BRITISH AIRWAYS
British Airways cabin crews will go on strike for 20 days
between May 18 and June 9, the union that represents them said
Monday.
> DOZENS DEAD, SCORES HURT IN IRAQ ATTACKS
A wave of shootings and bombings targeting security forces left
at least 22 people dead and more than 70 wounded in Iraq Monday.
> EX-PRESIDENT'S SON LEADS PHILIPPINE VOTE
The Philippines extended voting time by an hour Monday, as
crowds flocked to polling stations in the country's first
automated national elections.
> BP: TWIN EFFORTS TO STOP OIL GUSH
BP is working "parallel paths" to fix an oil well blowout that
is dumping 210,000 gallons of crude into the Gulf of Mexico a
day, the energy company's chief operating officer said Monday.
> TIGER: INJURY NOT RELATED TO CAR CRASH
Tiger Woods has denied speculation that his neck injury is in
any way related to the car crash last November that sparked the
scandal over his marital infidelities.
BUSINESS
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> IMF APPROVES $40B LOAN FOR GREECE
The International Monetary Fund on Sunday approved a 30 billion
euro ($38.6 billion) loan for Greece as part of a larger
European Union-led effort to help ease the country's economic
crisis.
> 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.
