Portugal raises $1.67B as it awaits bailout cash

Portugal has raised euro1.12 billion ($1.67 billion) in an auction of 3-month Treasury bills, a day after officials said the cash-strapped country had agreed on a euro78 billion bailout. The steep increase in the interest rate on the T-bills Wednesday underscored Portual’s financial plight as investors demanded a 4.65 percent interest rate_ up from 4.05 percent on the same debt two weeks ago. More positively, the government debt agency... [more]

Defense lawyer assails case against Demjanjuk

John Demjanjuk’s lawyer assailed Germany’s prosecution of the 91-year-old on Tuesday, arguing that investigators have failed to offer concrete evidence of his involvement in Nazi war crimes and have been inconsistent in their efforts to pursue suspects. Attorney Ulrich Busch argued that, whether or not he is convicted, the retired Ohio auto worker is already “a victim of German justice.” He complained as he started... [more]

N. Korea seizes mobile phones to curb news

North Korea has started a drive to confiscate mobile phones smuggled from China in an attempt to suppress news from the outside world, a group of defectors from the communist state said. North Korea Intellectuals Solidarity said in its latest newsletter police in North Hamkyong and Yangkang provinces bordering Russia and China have started urging residents to voluntarily surrender mobile phones or face punishment. It cited sources in the... [more]

US embassy and bases on high alert

The United States embassy as well as American military bases in Germany are on high alert to the risk of extremist reprisals after President Barack Obama announced late Sunday that al-Qaida leader Osama bin Laden had been killed. The US State Department warned of the “enhanced potential for anti-American violence,” following bin Laden’s death and placed its embassies and military installations around the world on high alert. Germany... [more]

Al Qaeda leader Osama bin Laden dead, Obama says

Al Qaeda leader Osama bin Laden was killed Sunday in a firefight with U.S. forces in Pakistan and his body was recovered, President Barack Obama announced Sunday. “Justice has been done,” Obama said in a dramatic, late-night White House speech announcing the death of the elusive mastermind of the September 11, 2001, attacks on the New York and Washington. Obama said U.S. forces led the operation that killed bin Laden. No Americans... [more]

Spanish nuclear power station in leak scare

Media say 14 people were working in the containment area of a nuclear power plant in northeast Spain this week when water used to cool a reactor was unexpectedly released. El Pais newspaper reported Saturday that the workers were in the building, although none are believed to have suffered dangerous contamination. Operator Anav said in a statement dated Thursday that “the opening of a valve caused the release of 25 cubic meters (883... [more]

Prosecution expert: ‘Jackson did not drink himself to death’

Michael Jackson could not have guzzled a fatal anaesthetic cocktail, according to a medical expert at a court hearing on Friday. Prosecutors committed to putting the King of Pop’s physician Dr. Conrad Murray behind bars called on the unnamed expert to help them dismiss suggestions made by the defence lawyers that the pop superstar took his own life by either drinking or injecting himself with Propofol. Dr. Murray is charged with involuntary... [more]

President Obama Visits Tornado-Hit Areas

President Barack Obama has met victims of the devastating storms and tornadoes that struck southern US states, killing more than 300 people. Mr Obama toured some of the worst-effected areas in Alabama, saying: “I’ve never seen devastation like this.” He also pledged: “We’re going to make sure you’re not forgotten.” Survivors have tried to recover what was left of their belongings as the death toll... [more]

Criticism up on Japan govt handling of nuke crisis

Criticism of the Japanese government’s handling of the crisis at a radiation-spewing nuclear power plant has increased after an adviser quit to protest what he lambasted as unsafe, slipshod measures. Toshiso Kosako, a professor at the University of Tokyo’s graduate school and an expert on radiation exposure, announced late Friday that he was stepping down as a government adviser. Prime Minister Naoto Kan appointed Kosako after... [more]

Rio Tinto says no need to rush emissions tax

Mining giant Rio Tinto weighed into the debate over Australia’s proposed carbon emissions tax Saturday, urging Canberra not to rush into a decision while major polluters such as China and the United States held back. Prime Minister Julia Gillard wants to charge polluters from July 2012 under a fixed-price scheme that would move to a full cap-and-trade model linked to international carbon markets within five years. But she faces stiff... [more]

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