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U.S. Senate approves sanctions against Iran
The US Senate approved new sanctions against Iran aimed at convincing the Islamic Republic to suspend its uranium enrichment, which western powers say is a cover for developing nuclear weapons. The measure was approved unanimously ahead of talks Wednesday in Baghdad between Iran and representatives of the world’s main powers. The bill allows President Barack Obama to impose…
U.S. rules pomegranate juice claims deceptive
Pomegranate juice has not been proven to be an effective treatment for cancer, heart disease or erectile dysfunction, US regulators said Monday, calling a company’s ad claims deceptive. The US Federal Trade Commission’s chief administrative law judgeD. Michael Chappell ruled that the company, POM Wonderful LLC, violated federal law by making deceptive claims. The judge ordered the…
LG Display builds new LCD plant in China
LG Display, one of the world’s largest flat screen makers, said Tuesday it had started work on a new liquid crystal display plant inChina, the world’s largest market for LCD televisions. The world’s second biggest liquid crystal display TV maker afterSamsung Electronics said commercial operation at the factory inGuangzhou would start in the second half of…
U.S. ambassador to Afghanistan ‘plans to quit’
US Ambassador to Afghanistan Ryan Crocker, a veteran diplomat who previously served as the US envoy to Iraq, Pakistan and Syria, plans to step down soon, CBS news reported early Tuesday. The surprise news came after the conclusion of a NATO summit in Chicago in which leaders charted a path out of the unpopular war in…
World’s soccer organization FIFA appoints first woman to executive committee
FIFA has appointed the first woman to its executive committee on Tuesday, as world football’s governing body bids to restore its image after a series of corruption scandals. Lydia Nsekera, president of the Burundi Football Association, has been co-opted onto the executive committee and will be formally installed at the FIFA Congress in Budapest on Friday, FIFA said in a…
SpaceX blasts off to space station in historic first
Opening a new era in private space flight, the US company SpaceXon Tuesday became the first commercial outfit to launch its own craft toward the International Space Station. “Three, two, one and launch of the SpaceX Falcon 9 rocket, as NASAturns to the private sector to resupply the International Space Station,” said NASA commentator George…
IMF supports Cameron plan to slow pace of austerity
The International Monetary Fund on Tuesday supported Britain’s decision to slow the pace of tough austerity measures to lift the country’s growth amid major risks from the eurozone debt crisis. “The slower pace of fiscal consolidation this year is appropriate,” said IMF managing director Christine Lagarde at the release of the fund’s annual country assessment for Britain. The world’s…
Obama hails the spirit and resilience of Joplin, one year on from tornado
Obama praises Joplin high school graduates after a ‘long and improbable journey’ as he delivers commencement address It falls to the speaker at any high school graduation to inspire the young people as they set out into the adult world with a sense of purpose and hope for the future.…
Youth joblessness near crisis peak
Youth joblessness is almost back at its peak following the outbreak of the global economic crisis and is unlikely to ease until at least 2016, the International Labour Organization warned Tuesday. The ILO said nearly 75 million youths or 12.7 percent of people aged 15 to 24 will be out…
Former Yahoo! executive charged with insider trading
US regulators announced that a former Yahoo! executive has agreed to plead guilty in an insider trading scheme that involved leaking word of the Internet search giant’s pact with Microsoft. Robert Kwok was senior director of business management at Yahoo! in 2009 when the firm negotiated an alliance with Microsoft…
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