Category:
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 […]
Sri Lankan jets bomb rebel suicide camp: military
COLOMBO, September 27, 2008 (AFP) – Sri Lankan fighter jets on Saturday bombed a rebel base the government said was used to train suicide bombers, after at least 60 Tamil Tigers and two soldiers died in heavy fighting.Sri Lankan troops are battling to capture the northern town of Kilinochchi, where the rebel Liberation Tigers of […]
Resilient Asia watches US in turmoil
SINGAPORE, September 28, 2008 (AFP) – “Bailout” is back as a buzzword 11 years after the Asian financial crisis, but this time the tables are turned: the US is scrambling to rescue ailing banks while a healthy Asia watches. The ramparts built after the 1997-1998 Asian crisis helped blunt the impact of turbulence that ripped […]
US House approves historic India nuclear deal
WASHINGTON, September 28, 2008 (AFP) – The House of Representatives Saturday passed a civilian nuclear pact with India that lifts a three decade-old ban on civilian nuclear trade with India. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 The agreement, passed by a 298-117 vote, […]
Lube Trends
Sept 28, 2008 (LBO) – The Sri Lanka unit of Indian Oil Corporation has temporarily cut prices on its lubricants, aiming to capture a bigger share of the market in which competition is growing. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Lanka Indian Oil Corp is […]
UN says will restart Sri Lanka food aid
COLOMBO, September 28, 2008 (AFP) – The United Nations said on Sunday it would send food to those displaced by fighting in Sri Lanka’s rebel-held north, two weeks after aid workers were ordered out of the region. Sri Lankan forces are moving to dismantle the northern stronghold of the rebels, formally known as the Liberation […]