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Russia acts to secure Indian defence market
NEW DELHI, September 29, 2008 (AFP) – Russia on Monday offered its Cold War ally India the chance to jointly develop weapon systems in a bid to remain New Delhi’s main provider of weapons.With India increasingly looking elsewhere for its armament needs, visiting Russian Defence Minister Anatoly Serdyukov presented a deal in which India would […]
US lawmakers put hastily agreed bailout bill on Internet
WASHINGTON, September 29, 2008 (AFP) – US lawmakers Sunday posted on the Internet their hastily-crafted draft legislation to rescue the country’s troubled financial sector, saying the unusual step was taken in the spirit of openness. The full text of the bill, more than 100 pages, is available at the websites of House Speaker Nancy Pelosi […]
Belgium, Luxembourg, Netherlands partially nationalise Fortis
BRUSSELS, September 28, 2008 (AFP) – The Belgian, Dutch and Luxembourg governments agreed Sunday to partially nationalise Fortis in a 11.2 billion euro bailout to keep it from becoming the latest victim of the US-born financial crisis. Top officials from the three countries and the European Central Bank hastily hammered out a rescue over the […]
Spanish bank to buy Bradford & Bingley savings as nationalisation looms
LONDON, September 28, 2008 (AFP) – Spanish banking giant Santander said Monday it will take over the retail deposits and branches of Bradford & Bingley ahead of the expected nationalisation of the British bank. A spokesman for Santander, which owns British bank Abbey and is in the process of buying Alliance and Liecester, said: “The […]
Sri Lanka throwing good money after bad?
Sept 29, 2008 (LBO) – “Mihin Air was started with pure intentions. It was active for 13 months. There were shortcomings in management. The CEO was removed. The Board was asked to resign. “After study, we are taking steps to make the organization profitable. . . . Over the 13 months, 215,617 passengers have travelled […]
‘ residence draws EU condemnation
Sept 29, 2008 (LBO) – The European Union has condemned a grenade attack on the home of a Sri Lankan lawyer and human rights and anti-corruption activist and urged the government to bring the perpetrators to justice. “The EU notes with concern the trend in attacks and threats on journalists, civil society organizations and now […]
‘s residence draws EU condemnation
Sept 29, 2008 (LBO) – The European Union has condemned a grenade attack on the home of a Sri Lankan lawyer and human rights and anti-corruption activist and urged the government to bring the perpetrators to justice. The attack was the latest in a series of attacks and threats against civil society groups, human rights […]
‘s residence
Sept 29, 2008 (LBO) – The United States has condemned an attack on the residence of anti-corruption activist and human rights lawyer J C Weliamuna, calling on authorities to launch an immediate investigation.Weliamuna is also the executive director of the Sri Lanka branch of Transparency International, an anti-corruption watchdog body. A grenade was thrown into […]
Chilling Message
Sept 28, 2008 (LBO) – The house of a top Sri Lankan anti-corruption activist who is also a lawyer who has appeared on behalf of victims of human rights abuses and torture, had been bombed last night, police said. The AHRC said the previous day he had raised the issue of a lawyer who had […]
Sri Lanka unrest kills 18: military
September 28, 2008 (AFP) – Clashes between Sri Lankan soldiers and rebels left 17 dead in the country’s war-ravaged north, while a suicide attack on Sunday killed one civilian, the defence ministry said. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 Nine people were also […]