By Arshad Mohammed TEL AVIV (Reuters) - Israeli and Palestinian leaders must decide soon on whether to revive long-dormant peace negotiations to end their decades-old conflict, U.S. Secretary of State John Kerry said on Friday. Ending two days of meetings in the region, Kerry said he had had "very productive" talks. But there were no obvious signs of any breakthrough, with neither side offering the sort of compromises needed to end a three-year stalemate. ...
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- Vestas says fraud squad investigating ex-finance chief Reuters
COPENHAGEN (Reuters) - The former chief financial officer of Danish wind turbine maker Vestas Wind Systems A/S is being investigated by the country's fraud squad over two agreements he made with an Indian firm, Vestas said. Vestas said it had contacted Denmark's State Prosecutor for Serious Economic and International Crime in December, but only made that public on Friday. The company said it approached the prosecutor on the advice of its lawyers after external auditors examined deals Henrik Norremark made with RRB Energy Ltd and its related company RBB. ...
- Russia's oldest rights group fights "foreign agent" tag Reuters
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- UK fighters escort Pakistan plane to airport; two arrested Reuters
By Rhys Jones and Peter Griffiths LONDON (Reuters) - British fighter jets escorted a Pakistan International Airlines passenger plane to Stansted Airport near London on Friday, where police went on board and arrested two men on suspicion of endangering an aircraft. Passengers were leaving the plane and no one was hurt in the incident, a spokesman for the airport said. Flight PK709 from Lahore in Pakistan had been due to land at Manchester in northern England with 297 passengers on board, but was diverted shortly before arrival. ...
- Gold faces more pressure as inflation stays tame Reuters
By Jan Harvey LONDON (Reuters) - Gold prices are looking even more vulnerable after April's price crash, as rampant inflation expected from successive rounds of monetary easing fails to materialise. The idea that record-low interest rates would damage paper currencies and boost inflation was a key factor pushing gold to record highs in the wake of the financial crisis. Ultra-loose monetary policies are still in vogue, but gold prices have slid nearly 20 percent since the start of the year and are on track for their biggest quarterly drop in more than 15 years. ...
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LONDON (Reuters) - A passenger aboard a Pakistan International Airlines plane flying from Lahore to Manchester that was diverted under military jet escort to Stansted, northeast of London on Friday said someone had made threats against its crew. "We landed safely and then he (the pilot) announced that they had had some kind of threat from someone and that's why he landed the plane," the passenger, identified only as Munsif, told BBC television. He said he was sitting in the front of the plane but that the incident had happened at the back. ...
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By Patrick Johnston SINGAPORE (Reuters) - British boy band One Direction has swept the inaugural awards recognising the most popular people in social media globally, coming top in four out of 10 categories at a star-studded ceremony in Singapore. One Direction was named most popular music group, most popular UK musicians, most popular in the UK, and most popular in west Europe, at the Social Star Awards, but did not show up to collect their prizes, sending their thanks by videolink. ...
- HSBC Chairman urges acceleration of bank reform Reuters
By Steve Slater and Matt Scuffham LONDON (Reuters) - HSBC's Chairman Douglas Flint called for an acceleration in the speed of reform within the industry as the bank was criticised by shareholders for compliance failings and accusations it aided tax avoidance. Flint told around 400 shareholders at the bank's annual meeting that the fallout from recent scandals had created a "once-in-a-generation" opportunity to reform banking and the broader financial industry. "As a first priority we need to speed up the reform process. ...
- Television wins new respect from movie elite at Cannes festival Reuters
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- British police arrest two men on diverted Pakistan flight Reuters
LONDON (Reuters) - British police arrested two men on a Pakistan International Airlines flight on Friday on suspicion of "endangerment of an aircraft" after it was escorted to a different airport by fighter jets. The plane had been flying from Lahore in Pakistan to Manchester, before it was diverted to Stansted, in Essex, southern England. (Reporting by Kate Holton and Brenda Goh; Editing by Peter Griffiths)
- Wall Street falls at open as Fed plans gauged Reuters
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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Hyderabad/New Delhi, May 24 (IANS) A spot boy in Bollywood movies was Friday arrested from Hyderabad for the Indian Premier League (IPL) spot fixing scandal, Delhi Police sources said.
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Moscow, May 24 (IANS/RIA Novosti) President Vladimir Putin and Barack Obama will meet at the G8 summit in June and during the US president's visit to Russia in September, a Kremlin aide said Friday.
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London, May 24 (IANS) Nick Robinson, the BBC's political editor, Friday apologised for directly quoting a Whitehall source who described the Woolwich killers as being "of Muslim appearance".
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Tokyo, May 24 (IANS/RIA Novosti) The Japanese government has denied rumours which said the prime minister's official residence was haunted.
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London, May 24 (IANS) Britain had to scramble fighter jets Friday for escorting a Pakistani International Airlines (PIA) plane after it was diverted from Manchester.
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Mumbai, May 24 (IANS) Prime Minister Manmohan Singh Friday asked the capital market regulator SEBI to root out the "pernicious disease" of insider trading, saying the future effectiveness of the institution would depend on this.
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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.
- Amanda Bynes arrested for drug possession IANS
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.
- Channelise domestic savings into financial assets: PM IANS
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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