Aug 17: News views for the day
Aug 17: News views for the day
Boys, their faces marked in support of veteran social activist Anna Hazare, take part in an anti-government protest rally against corruption in New Delhi
Anna Hazare, India's leading anti-corruption campaigner, fasted in Tihar Jail on Wednesday after refusing a police release order, a stand-off that has sparked nationwide demonstrations and widespread derision at Prime Minister Manmohan Singh's government.
The government arrested 74-year-old Hazare and more than a thousand of his followers on Tuesday, just hours before he was due to begin a fast to the death to demand anti-corruption legislation. It then made a U-turn and ordered his release after thousands took to the streets.
But Hazare refused to leave the prison, insisting he wanted the right to return to the city park where he had originally planned to fast. The Congress party was due to hold an emergency meeting early on Wednesday to discuss the crisis.
Pedestrians are reflected in the window as customers conduct transactions at a Bank of America ATM in Washington
Bank of America is in exclusive talks to sell the bulk of Merrill Lynch's boom-time real estate investments to Blackstone for up to $1 billion (607 million pounds), the Financial Times reported on Wednesday.
The sale is still weeks away and would comprise between $800 million and $1 billion of unwanted property investments in Europe, the United States and South America, according to the newspaper, which cited people familiar with the matter.
The sale is part of the US bank's wider efforts to dispose of non-core assets as it tries to clear up its balance sheet and bolster capital ratios.
The talks could still fail to result in a deal, according to the article.
US flags flutter in the wind in front of the General Motors Corp headquarters in Detroit, Michigan
From an empty auto-parts plant in the heart of Rust Belt America, General Motors Co is out to show the world that the automaker once dismissed as an industrial dinosaur has gained some Silicon Valley cool just two years after its taxpayer-funded bankruptcy.
With a solar charging station as a backdrop, GM's venture capital unit touts a $7.5 million investment in Sunlogics, at the solar energy system maker's new headquarters in a former auto parts plant in Rochester Hills, Michigan.
The investment, announced last month, gives GM Ventures a stake in a company building solar charging equipment. It comes out of a $200 million venture capital budget GM earmarked to spend over three years in response to fears that the world's largest automaker could lose out on the next big thing to start-ups such as electric car maker Tesla Motors.
Looters run from a clothing store in Peckham, London
Britain will seek to rebuild business confidence in riot-hit London by creating an enterprise fund on Wednesday for the worst-affected areas, according to a government source, as ministers come under pressure to do more than just talk tough.
Much of the Conservative-Liberal Democrat coalition government's response to four days of rioting and looting across England last week has been limited to harsh rhetoric against the looters, with a handful of measures to toughen up policing.
Critics say deeper social and economic problems such as inequality, deprivation and high youth unemployment must also be addressed if Prime Minister David Cameron is to achieve his goal of fixing what he calls "broken Britain".
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