NEW YORK (Reuters) - U.S. stocks fell at the open on Friday, putting Wall Street on track for its first weekly decline since mid April, amid concern the U.S. central bank may scale back its support to the economy. The Dow Jones industrial average dropped 61.13 points, or 0.40 percent, to 15,233.37. The Standard & Poor's 500 Index lost 8.19 points, or 0.50 percent, to 1,642.32. The Nasdaq Composite Index fell 18.98 points, or 0.55 percent, to 3,440.44. (Reporting by Chuck Mikolajczak; Editing by Bernadette Baum)
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- Britain scrambles fighters as Pakistani airliner diverted Reuters
LONDON (Reuters) - Britain launched fighter jets on Friday to escort a Pakistan International Airlines passenger plane arriving from Lahore in Pakistan to an airport near London after it was diverted from Manchester, the Defence Ministry said. Britain is on high alert after a soldier was hacked to death on a London street on Wednesday in what police are treating as a terrorist incident, but a security source said early indications were that the diverted plane was not the target of a terrorist attack. ...
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MUMBAI (Reuters) - Finance Minister P. Chidambaram said on Friday he would introduce a bill for a direct tax code (DTC) during the monsoon session of parliament. The code, which will replace the existing Indian Income Tax Act 1961, is intended among other things to rationalise tax rates to bring more people and companies under the tax net. The month-long monsoon session of parliament is expected to start in late July. Chidambaram's comments came at an event in Mumbai commemorating the 25th anniversary of the capital market regulator. ...
- UK source says appears Pakistani plane not subject of terror attack Reuters
LONDON (Reuters) - A British security source said early indications suggested that a Pakistan International Airlines plane diverted from Manchester to Stansted Airport on Friday was not the subject of a terror attack. The Defence Ministry said earlier on Friday that it had scrambled fighter jets to escort the plane to Stansted, to the north east of London. A spokesman for Stansted Airport said the plane was being held in an isolated area and that the rest of the airport was operating as normal. (Reporting by Guy Faulconbridge and Brenda Goh, editing by Kate Holton)
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By Sudipto Ganguly MUMBAI (Reuters) - The International Olympic Committee has set India a September 1 deadline for a new election to facilitate the country's return to the Olympic fold. The IOC banned the country in December after refusing to recognise the results of Indian Olympic Association (IOA) elections due to government interference, which led to a tainted official being named its secretary general. ...
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By Erik Kirschbaum BERLIN (Reuters) - A new novel about a neo-Nazi plot to assassinate Germany's first Jewish candidate for Chancellor has shed a timely light on the right-wing extremist violence that has plagued the country since 1990 and was swept under the carpet for years. Political thriller "The Jewish Candidate" by British journalist David Crossland has been published just as Germany's September election campaign is heating up and at the start of a trial of a neo-Nazi cell blamed for a spate of racist murders that went undetected for more than a decade. ...
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LONDON (Reuters) - British police said they were investigating an incident aboard a plane on Friday, after the Defence Ministry said it had scrambled fighter jets to escort a plane from Lahore. "Police and partners are responding," the spokeswoman for Essex police said. The plane is being diverted to Stansted Airport in Essex, to the east of London. (Reporting by Kate Holton; editing by Guy Faulconbridge)
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KABUL (Reuters) - Several large explosions rocked a busy area in the centre of the Afghan capital, Kabul, on Friday with Reuters witnesses describing shooting in the area. There were at least four blasts interspersed by heavy shooting, a Reuters witness said. The first blast was a suicide car bomb and occurred at about 4 p.m. (1130 GMT) near an intersection in the district of Borj-e Sharahah, said Hashmatullah Stanikzai, a spokesman for the Kabul police chief. A Reuters witness described seeing two wounded policemen, though there was no official word on casualties. ...
- BA jet makes emergency landing after engine fire Reuters
By Rhys Jones and Kate Holton LONDON (Reuters) - A British Airways plane with 80 people on board made an emergency landing at London's Heathrow airport on Friday after the right engine burst into flames shortly after take-off and the casing ripped away from the left. The British carrier, part of IAG , said all 75 passengers and five crew members were safe after having been evacuated from the aircraft down emergency chutes on landing. Video footage taken on board the plane as it came into land revealed the silver internal components of the engine. ...
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MADRID (Reuters) - Despite its world-class museums, good climate and arguably Europe's best nightlife, Spain's capital, located right in the centre of the country, is often overlooked in favour of its beachside sister, Barcelona. But the fact Madrid is a better-kept secret from the EasyJet crowds is something to celebrate as the city has steered clear of tourist tat and the British pubs of the sun-soaked coasts to hold onto its unique charms that once delighted Ernest Hemingway and friends. Reuters correspondents with local knowledge help visitors get the most out of a weekend trip to the ...
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Mumbai, May 24 (IANS) A court Friday granted police the custody of Bollywood actor Vindu Dara Singh Randhawa and two others, allegedly involved in the IPL spot-fixing scam, till May 28.
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Kolkata, May 24 (IANS) CCTV cameras prying all-around, strict vigil on movement around players' dressing rooms and heightened security -- the Eden Gardens stood fortified as it hosted the playoff match of the IPL Friday amid the raging spot fixing scam.
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Shimla, May 24 (IANS) Himachal Pradesh Chief Minister Virbhadra Singh Friday submitted a memorandum to visiting President Pranab Mukherjee, seeking additional central financial assistance to overcome a shortfall of Rs.10,725 crore.
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New Delhi, May 24 (IANS) A Delhi court sent five spot fixing scam accused, including two former cricketers, to judicial custody till June 4.
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Mumbai, May 24 (IANS) Undeveloped corporate debt market is a weakness in India's financial system and high fiscal deficit is further complicating the problem, Prime Minister Manmohan Singh said Friday.
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New York, May 24 (IANS) Actress Amanda Bynes was arrested at her apartment here for possession of marijuana. She even threw the evidence out of the window, reports tmz.com.
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Mumbai, May 24 (IANS) Prime Minister Manmohan Singh Friday called for increased efforts by the government and financial regulators to channelise domestic savings into financial assets.
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New Delhi, May 24 (IANS) The first meeting of the BJP's reconstituted national executive next month will work out strategy for an effective campaign against the UPA government in its last year in office and discuss preparations for the forthcoming assembly polls, party vice president Mukhtar Abbas Naqvi said here Friday.
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New Delhi, May 24 (IANS) The International Olympic Committee (IOC) Friday asked the suspended Indian Olympic Association (IOA) to amends its constitution by July 15 and hold fresh elections no later than Sep 1 for getting back to the Olympic fold.
- Suicide bombers, gunmen attack Kabul IANS
Kabul, May 24 (IANS) Suicide bombers and gunmen launched attacks on several targets, including a police station, in Afghanistan capital Kabul Friday evening, leaving casualties, a police source said. The serial bombings were not near the Indian embassy.
- FICCI for regulating betting in sports IANS
New Delhi, May 24 (IANS) FICCI Friday called for regulating sports betting in India in the wake of the cricketing spot fixing scandal.
- Another mobile phone recovered from Sreesanth's female friend IANS
New Delhi, May 24 (IANS) Tainted cricketer S. Sreesanth's interrogation led Delhi Police to another mobile phone which he had gifted to a female friend from the money he earned from spot fixing in this season's Indian Premier League (IPL) matches, said a police official Friday.
- Kerala governor turns commoner at airport IANS
Thiruvananthapuram, May 24 (IANS) Kerala Governor Nikhil Kumar turned a commoner after flying in from New Delhi when Air India failed to open the VIP exit door for him, airport sources said Friday.
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