News and features from the world

Texas sues BP, Transocean over Gulf oil spill

Accuses those involved in the oil spill of violating Texas environmental laws; seeks damages for economic loss

Canada says committed to Free Trade Agreement with India

Says negotiations progessing well despite delay in early conclusion of bilateral foreign investment promotion and protection agreement

Obama budget cuts deficit $1.1 trillion over decade: CBO

Says Obama's plan would lead to $669 billion deficit for fiscal 2013 that ends September 30

US lawmakers accuse IRS officials of lying in tax scandal

US lawmakers on Friday accused leaders of the Internal Revenue Service (IRS) of lying, as they opened the first in a series of investigative ...

Correction talk gets old as rally sails along

As market continues its upward move, some market participants are beginning to believe that rally is not a bubble but start of a new bull market

Wall St opens up in rebound from recent drop

The Standard & Poor's 500 Index was up 5.70 points at 1,656

European shares fall as Fed officials talk of QE exit

The Fed's quantitative easing programme has helped stabilise the world's largest economy and sent investors scrambling for returns

When your $450,000 Aston Martin has to arrive overnight

A 1963 Aston Martin like the one James Bond drove in "Goldfinger" began its journey from Frankfurt to New York by being maneuvered into the hold ...

Tech-labour fight weighs on immigration Bill

At the heart of the debate is whether there is a shortage of Americans with the math and science skills needed for work at technology firms

Yahoo! Japan suspects 22 mn user IDs leaked

The leaked information does not include passwords and data necessary for identity verification to reset passwords

Amazon to be grilled on UK tax presence

Amazon will follow search giant Google, which attended another grilling by parliament's PAC over its tax affairs

Chinese Premier to meet Sharif during Pakistan visit

Sharif's PML-N emerged the single largest party in parliament in the May 11 general election

Nawaz Sharif's PML-N invites JUI-F to join govt. in Centre

PML-N has secured 124 seats in the National Assembly, whereas the JUI-F took 10 seats in the recent elections

Imran Khan to be discharged from hospital next week

Khan was injured on May 7 during his party's election campaign at Ghalib Market in Lahore when he fell off a lifter and received two injuries on ...

Ring leader of gang that kidnapped Gilani's son arrested

Haider was abducted on May 9 while he was campaigning in his hometown of Multan in Punjab province for the elections

Bangladesh's leans on a poet's vision after Yunus

The country's apex bank is examining little known aspect of Tagore's life, as founder of micro-finance schemes too

Bank papers portray Cyprus as Russia's favourite haven

At least euro 3.6 bn ($4.67 bn) was removed in two weeks by big depositors, according to the documents

S&P says Cypriot deposit grab may set Euro zone precedent

The ratings firm also raised concerns that the Euro zone's plans for a banking union may fall short of requirements

SoftBank asks banks not to finance Dish's Sprint bid

SoftBank Corp is playing it rough in its attempt to keep Dish Network Corp from breaking up its $20.1-billion deal to take control of Sprint ...

Psy's 'Gentleman' video banned in South Korea

Channel chiefs at Kbs say clip amounts to destruction of public property, fear it might negatively influence youngsters

Michael Jackson had anti-drug implant: Report

The implant was found in Jackson's body after he died but has only just come to light in explosive newly released court papers

Film critic Roger Ebert dies at age 70

He was the first film critic to receive Pulitzer Prize in 1975 and first to be awarded a star on the Hollywood Walk of Fame

SL players to play in IPL despite pressure to snub the event

Aluthgamage also said that the players were free to play in States other than Tamil Nadu and the BCCI had provided written assurances of their ...

Global Markets

Indices	Last	Change	(%)
Shanghai Composite	2432.40	13.87	0.57
Nikkei 225	11307.28	55.87	0.50
DJIA	13986.56	3.65	0.03
FTSE 100	6340.59	-18.52	-0.29
DAX	7653.87	-58.02	-0.75

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Texas sues BP, Transocean over Gulf oil spill

Economy