By John O'Donnell BRUSSELS (Reuters) - Europe moved closer to ending banking secrecy on Wednesday after Austria dropped objections to sharing data on foreign depositors and the EU focused on negotiating a similar agreement with Switzerland. "It's a bad day for tax cheats," Austrian Chancellor Werner Faymann told reporters at a meeting of EU leaders to discuss fighting tax fraud. "We will act jointly and I believe we will manage the exchange of data by the end of the year. ...
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By Kevin Lim and Pedja Stanisic SINGAPORE (Reuters) - The parents of an American engineer found dead in Singapore last year said on Wednesday they will not take part in the rest of a coroner's inquiry into his death, which they say was linked to a project involving the transfer of sensitive technology to China. In a statement, Rick and Mary Todd said they had lost confidence in the system investigating the death of their 31-year-old son, Shane, who was found hanging from a door in his Singapore apartment last June. ...
- Pope Francis urges China's Catholics to stay loyal to Rome Reuters
ROME (Reuters) - Pope Francis on Wednesday urged Catholics in China to remain loyal to the Vatican, whose authority is challenged by China's Communist rulers. China's Catholics number between 8 and 12 million and are divided between the state-sanctioned Catholic Patriotic Association, which has installed bishops without Vatican approval, and an "underground" wing loyal to the Vatican that rejects state control. Francis's predecessor, Pope Benedict XVI, made May 24 a day dedicated to prayer for China's Catholics. Francis said at his weekly audience in St. ...
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By Ian Simpson and Alice Mannette MOORE, Oklahoma (Reuters) - Rescue workers with sniffer dogs and searchlights picked through the wreckage of a massive tornado to ensure no survivors remained buried in the rubble of primary schools, houses and buildings in an Oklahoma City suburb. The massive tornado on Monday afternoon flattened entire blocks of the town, killed at least 24 people and injured about 240 in Moore, Oklahoma. ...
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- UK opposition party leader says Google tax behaviour "wrong" Reuters
By Andrew Osborn LONDON (Reuters) - Google Inc's tax affairs came under renewed scrutiny in Britain on Wednesday when the leader of the opposition Labour party accused the Internet company of wrongly going to "extraordinary lengths" to avoid paying tax. In comments designed to politically outflank Prime Minister David Cameron ahead of next month's G8 summit on what has become a high-profile issue, Ed Miliband, the Labour leader, said he was disappointed that Google paid so little tax. "I can't be the only person here who feels disappointed that such a great company as Google ... ...
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- AirAsia's profits hit by financing costs Reuters
KUALA LUMPUR (Reuters) - Malaysia's AirAsia Bhd , Southeast Asia's biggest budget airline by passenger traffic, posted a 39.23 percent fall in first-quarter profits on Wednesday, hurt mainly by higher finance costs and a foreign exchange loss on borrowings. AirAsia earned 104.79 million ringgit in the three months ended March, down from 172.44 million ringgit in the same period last year, although the operating profit was up 6 percent, according to a stock exchange filing. Earlier this month AirAsia said its passenger numbers were up 19 percent in the quarter at some 9.8 million. ...
- Sensex closes in red; capital goods stocks plunge IANS
New Delhi, May 22 (IANS) A benchmark index of Indian equities markets fell Wednesday for the third day in a row amid profit-booking.
- Comedian Bharti expresses love for Dharmendra IANS
New Delhi, May 22 (IANS) Comedian Bharti Singh used TV show "Comedy Circus Ke Ajoobe" as a platform to confess her love for veteran actor Dharmendra.
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Chandigarh, May 22 (IANS) The ruling Shiromani Akali Dal-Bharatiya Janata Party (BJP) combine swept the zila parishad and panchayat samiti elections in Punjab, the state election commission announced Wednesday.
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New Delhi, May 22 (IANS) The Delhi government Wednesday sternly told electricity distribution companies that it will not tolerate load shedding in the capital as power is available in surplus.
- BJP urges Andhra governor to sack tainted ministers IANS
Hyderabad, May 22 (IANS) The Bharatiya Janata Party (BJP) Wednesday urged Andhra Pradesh Governor E.S.L. Narasimhan to sack six allegedly tainted state ministers.
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Patna, May 22 (IANS) A day after a 22-year-old woman was gang-raped and her friend was beaten up by three men in Bihar, two of the accused were arrested Wednesday, police said.
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New Delhi, May 22 (IANS) The Board of Control for Cricket in India (BCCI) Wednesday blamed Sahara Adventure Sports Limited for the failure of the arbitration and said the body "cannot be held responsible" for the breakdown of the process.
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Mumbai, May 22 (IANS) Actress Preity Zinta, who is gearing up for the release of her debut production venture "Ishkq in Paris", finds production work difficult. She says it's more like crisis-management and is a thankless job.
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- Maoists attack Chhattisgarh police camp IANS
Sukma (Chhattisgarh), May 22 (IANS) The Maoists early Wednesday attacked two police camps in Chhattisgarh but there were no reports of casualty in the firing, police said.
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New Delhi, May 22 (IANS) As the United Progressive Alliance (UPA) got down to celebrating its fourth anniversary, the BJP Wednesday trained its guns on Prime Minister Manmohan Singh and said he was leader neither of his party nor the country.
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Chennai, May 22 (IANS) Tamil Nadu's Crime Branch-Crime Investigation Department (CBCID) Wednesday said a lookout notice has been issued to all airports for Kitty alias Uttam alleged to be a bookie with links in spot fixing in the Indian Premier League (IPL).
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New Delhi, May 22 (IANS) Ajit Chandila of Rajasthan Royals was about to spot-fix in another Indian Premiere League (IPL) match too for which he had taken Rs.15 lakh from a Punjab-based bookie, police claimed here Wednesday.
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