Morocco hunts for UAE leader’s brother after crash

Rescuers searching for a brother of the United Arab Emirates president, whose glider has crashed in Morocco, dived deep into a lake on Monday to look for his body, officials said. The missing man, Sheikh Ahmed bin Zayed al-Nahayan, is managing director of the Abu Dhabi Investment Authority, considered the world’s largest sovereign wealth fund with assets estimated at more than 600 billion dollars (445 billion euros). “The body... [more]

Greece races to raise funds on back of EU lifeline

Greece raced to raise billions of euros on Monday with a seven-year bond issue on the back of a European Union financial lifeline to contain a debt crisis which has weakened the euro. The issue attracted offers worth 6.5 billion euros (8.7 billion dollars) at a yield, or rate, of 6.0 percent and the state is expected to settle for five billion euros, financial website euro2day.gr reported with finance ministry sources. That rate is about... [more]

Moscow terrorist attack organizers will be punished – Putin

Russian Prime Minister Vladimir Putin has no doubts that the organizers of the deadly blasts in the Moscow subway carried out on Monday morning will be punished. “It is well known that today a terrible crime against civilians in its effects and disgusting in its character was carried out,” the prime minister said. “Dozens of people died in the subway.” “I am sure that police will do their best to find and punish... [more]

Swedish telecom giant Ericsson lands contracts worth $1.8 bln in China

Swedish telecom giant Ericsson said Monday it had won contracts to provide equipment to two of China’s largest operators, China Mobile and China Unicom, to the tune of 1.8 billion dollars (1.3 billion euros). In a statement, Ericsson said it had won a one-billion-dollar contract with China’s top operator China Mobile to provide it this year with equipment to “dramatically boost the capacity of the network and evolve it... [more]

European shares boosted by miners

Europe’s main stock markets gained on Monday as rising metals prices boosted the share prices of major mining companies, dealers said. In late morning trade, London’s benchmark FTSE 100 index gained 0.18 percent to 5,713.26 points, Frankfurt’s DAX 30 won 0.74 percent to 6,164.98 points and the Paris CAC 40 added 0.43 percent to 4,006.03. The Stoxx 50 index of top eurozone shares increased by 0.41 percent to 2,952.92 points. In... [more]

Mortgage tax relief untouched by CDA Holland

The current tax break on mortgages, which allows home owners to deduct all their mortgage interest payments from tax, remains untouched in the Christian Democrats’ election manifesto, the Telegraaf reports on Monday. The tax break is said to cost the treasury some €11bn a year and is one of the most generous in Europe. The CDA is now the third party to state the tax break is not under threat – the VVD Liberals and Geert Wilders’... [more]

University students to live like ancient Roman gladiators

Twenty students from the University of Regensburg plan to live and train in the style of Roman gladiators from 79 AD and stage a battle for scientific research this summer, the project’s Bavarian organisers said on Monday. “We know hardly anything about the gladiators,” historian Josef Löffl said. “There are a lot of myths and clichés attached.” Löffl and his colleagues plan to find out this August whether they can... [more]

Miley Cyrus eyes acting lessons

Miley Cyrus is convinced watching her turn in new movie The Last Song will make her take acting lessons – because she wants to develop her big screen career. The star shot to fame in Disney show Hannah Montana in 2006 and launched a successful singing career from her popularity on the show. She made the move into lead film roles last year – but admits she’s open to developing her acting skills further. Cyrus says, “I’ve... [more]

Suu Kyi’s party says won’t stand in Myanmar poll

Myanmar’s biggest opposition party said Monday it would not register for this year’s election, meaning the party of Nobel laureate Aung San Suu Kyi will not be allowed any role in the military-led political process. “After a vote of the committee of members, the NLD party has decided not to register as a political party because the election laws are unjust,” National League for Democracy (NLD) spokesman Nyan... [more]

Israel restricts access to Al-Aqsa mosque

Israel on Monday restricted access to Jerusalem’s Al-Aqsa Mosque compound amid concerns of fresh violence at the flashpoint site as Jews celebrate the week-long Passover holiday. Police said that Muslim men under the age of 50 and all non-Muslims will be barred from entering the compound — which is sacred to both Muslims and Jews. Police did not say when the restrictions would be lifted. Authorities have also tightened restrictions... [more]

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