United And Continental Airlines Confirms To Merge

United Airlines and Continental Airlines have confirmed they are to merge, creating the world’s biggest carrier. Both boards of directors have unanimously approved the $3bn (£1.97bn) deal, but it must still be approved by shareholders and industry regulators. Under the agreement, United shareholders will own approximately 55% of the equity of the combined company and Continental shareholders will own approximately 45%. The companies... [more]

Douglas: ‘Son’s prison sentence is adequate’

Michael Douglas has praised the judge overseeing his son’s court case for handing Cameron a five-year prison sentence – calling the punishment “adequate”. The 31 year old faced a mandatory minimum sentence of 10 years behind bars after he pleaded guilty to one count of methamphetamine possession with intent to distribute a controlled substance and one count of possession of cocaine in January. Douglas, along with... [more]

French, Dutch demand tighter EU Stability Pact

France and The Netherlands called on Monday for extra rigour in the EU’s Stability Pact after the Greek debt debacle, with France targeting financial stability and the Dutch attacking slack budgets. Finance Minister Christine Lagarde told Le Monde newspaper that advance warning systems were needed to prevent a repetition of the Greek crisis and that new criteria must be decided to monitor the eurozone’s 16 members. “We... [more]

German Cabinet approves $11 billion Greece bailout

A German official says Chancellor Angela Merkel’s Cabinet has approved legislation to provide Greece with billions in aid as part of an EU bailout plan. The official, speaking on condition of anonymity because the formal announcement was to be made later Monday, told The Associated Press the Cabinet approved the plan but gave no further details. Germany’s contribution was to be euro8.4 billion ($11.14 billion) for the first... [more]

Indian court convicts Pakistani for Mumbai siege

An Indian court on Monday convicted a Pakistani man of murder and waging war for his role in the 2008 Mumbai terror attacks that left 166 people dead in the heart of India’s financial capital. Two Indians accused of helping plot the attacks were acquitted. Mohammed Ajmal Kasab, the lone survivor of the attack’s 10 gunmen, sat impassively with his head bowed as the verdicts were read. He was convicted in one of the siege’s... [more]

Today in History – 3rd May

Today is Sunday, May 3, the 123rd day of 2010. There are 242 days left in the year. Today’s Highlight in History: 1294 – John II becomes duke of Brabant/Limburg 1342 – Count Hartmann II becomes ruler of Vaduz (Liechtenstein) 1382 – Battle on Beverhoutsfield near Brugge 1455 – Jews flee Spain 1491 – Kongo monarch Nkuwu Nzinga is baptised by Portuguese missionaries, adopting the baptismal name of João... [more]

Drug violence kills 14 in Mexico border state

Drug violence in Mexico’s Chihuahua state has claimed 14 lives just across the US border, eight of them in the crime capital Ciudad Juarez, local authorities said Saturday.  The latest slayings, which took place on Friday, brought the Monday-to-Friday death toll to 55 in Ciudad Juarez alone, the Chihuahua deputy attorney general’s office told reporters. Some 850 people have been killed in this border city of 1.3 million so far... [more]

Anger over Ariz. immigration law drives US rallies

Angered by a controversial Arizona immigration law, tens of thousands of protesters — including 50,000 alone in Los Angeles — rallied in cities nationwide demanding President Barack Obama tackle immigration reform immediately. “I want to thank the governor of Arizona because she’s awakened a sleeping giant,” said labor organizer John Delgado who attended a rally in New York where authorities estimated 6,500 gathered. From... [more]

Heineken buys Mexican brewer FEMSA

Dutch brewer Heineken says it has completed the acquisition of Mexican beer maker FEMSA, adding Dos Equis and Sol to its long list of labels. The deal has been approved by all relevant anti-trust authorities and shareholders of Heineken and FEMSA, Europe’s biggest brewer says in a statement. “Today represents the start of a new era for Heineken,” Heineken CEO Jean-Francois van Boxmeer said. In January Heineken valued FEMSA... [more]

Drunken Swedes kicked out of Denmark

More than 100 Swedes were ejected from Helsingør in Denmark on Friday for starting fights, with the trouble continuing on the ferry back to Sweden. “Between 100 and 200 Swedes, most of them men, behaved in a rowdy manner in Helsingør and were sent away. The rowdiness continued on the ferry,” said police spokesman Mikael Persson. Police said there were a lot of young people on board the vessel for theWalpurgis Night journey... [more]

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