Category: Other
” needed on India trade deal
BRUSSELS, September 26, 2011 (AFP) – European Union trade commissioner Karel De Gucht warned Monday that a long-planned free-trade agreement between Europe and India is in trouble failing more “flexibility” from both sides. “We remain fully engaged on these negotiations,” the Belgian said after talks in Brussels among the EU’s 27 trade ministers. “But I […]
Rare pre-historic footprints found in Mexico
MEXICO CITY, September 27, 2011 (AFP) – Footprints from early humans that are between 4,500 and 25,000 years old have been discovered in a remote area of northern Mexico, researchers said Monday. The five footprints set in stone “are among the few impressions of the first inhabitants in the American continent found in Mexico,” the […]
Insider Dealing
Sept 28, 2011 (LBO) – Sri Lanka’s Securities and Exchange Commission said five employees of SMB Leasing, will be charged for insider dealing on the firm’s stock. The SEC said the employees had bought shares ahead of a rights and warrant issue by the company. Information on the rights issue had been made public on […]
” to Afghanistan: US
WASHINGTON, September 23, 2011 (AFP) – The US military’s top officer bluntly accused Pakistan on Thursday of “exporting” violent extremism to Afghanistan through proxies and warned of possible action to protect American troops. In a scathing and unprecedented condemnation of Pakistan, Admiral Mike Mullen said the country’s main intelligence agency ISI was actively supporting Haqqani […]
Court Martial
JOINT BASE LEWIS-MCCHORD, September 23, 2011 (AFP) – A third member of an alleged rogue US army unit in Afghanistan pleaded guilty Thursday in a plea deal over shock killings of local civilians that embarrassed the US army. Private First Class Andrew Holmes was accused of being a member of a five-person “kill team” implicated […]
Terror Funding
Sept 23, 2011 (LBO) – Sri Lanka’s parliament has passed changes to laws against money laundering and terrorist financing, broadening their scope and enabling police to freeze funds. The amendments make the island’s anti-money laundering and Countering Financing of Terrorism (AML/CFT) laws “fully compliant with the international standards,” a statement from the central bank’s financial […]
Pushed Back
NEW YORK, September 21, 2011 (AFP) – Sentencing of Raj Rajaratnam, the hedge fund magnate convicted in the biggest Wall Street insider trading case in years, has been postponed until October. A court order Wednesday by New York federal Judge Richard Holwell moved sentencing day from September 27 to October 13. No reason was given. […]
Online Tribute
Sept 22, 2011 (LBO) – Ray Wijewardene, a Sri Lankan aviator and tropical agriculture specialist is being remembered online at www.raywijewardene.net, led by volunteers who want to preserve his legacy. Though a scientist and inventor he was best known publicly for his enthusiasm for aviation and flying small aircraft he had built himself. While in […]
Sri Lanka manufactures lobby to curb rubber farmer trade access
Sept 22, 2011 (LBO) – Sri Lankan rubber products manufacturers are lobbying to double an export cess on raw rubber exports as prices remain high amid strong demand and tight local supply. Manufacturers want the export cess, that had been raised to 12 rupees a kilo only earlier this year, doubled to 24 rupees, according […]
India says poverty begins below 50 cents a day
NEW DELHI, September 21, 2011 (AFP) – India’s economic planning body has said any villager earning more than 50 cents a day is not poor and should not qualify for government welfare — a figure condemned by experts. Those with a daily income of 25 rupees (50 cents) in villages and 32 rupees (65 cents) […]
NASA bus-sized satellite to crash-land this week
WASHINGTON, September 21, 2011 (AFP) – What goes up must come down. But where? That’s the big question when it comes to a 20-year-old NASA satellite the size of a tour bus which is careening toward Earth and set to crash-land later this week. The US Department of Defense and NASA are tracking the six-ton […]
Sri Lanka tea plantations seen making losses
Sept 20, 2011 (LBO) – Sri Lankan tea crops and prices have fallen below those of last year imposing losses on plantations whose costs also went up with a recent wage hike, a broker has said. The ‘Uva’ quality season when teas grown on the eastern slopes of the island’s central hills yield their best […]