23 March, 2009

Bosses at the AIG's financial products division have agreed to pay back 30 million dollars in bonuses amid outcry over the use of tax payers' money for executive perks, local media reported Monday.New York Attorney General Andrew Cuomo said some 15 of the top 20 bonus recipients in the firm's ...

American cycling legend Lance Armstrong suffered a broken collarbone during an event in Spain on Monday, an injury that threatens to disrupt his bid to win a record eighth Tour de France title this summer.The 37-year-old fell along with several other riders about 20 kilometres (32 miles) from the finish ...

Alaskan authorities were on alert Monday after the Mount Redoubt volcano erupted five times, spewing plumes of smoke and ash some 15 kilometers (nine miles) into the air and forcing flight cancellations.The Alaska Volcano Observatory said there were no immediate reports of casualties or damage from the 3,100 meter (10,200-foot) ...

Wall Street shares skyrocketed Monday as the market cheered a government-private sector plan to clean up toxic assets clogging the balance sheets of banks to help stabilize the US economy.The Dow Jones Industrial Average catapulted 497.48 points (6.84 percent) to 7,775.86 and the tech-heavy Nasdaq leapt 98.50 points (6.76 percent) ...

The US Treasury unveiled a long-awaited plan Monday to buy up toxic assets clogging the financial system using government funds, loans to investors and guarantees to attract private capital.The cornerstone of the is a "Public-Private Investment Program for Legacy Assets" funded with 75 to 100 billion dollars from the ...

US envoy Richard Holbrooke outlined to NATO Monday new plans to beat insurgents in Afghanistan, officials said, as President Barack Obama seeks a way to end more than seven years of fighting.Holbrooke met NATO chief Jaap de Hoop Scheffer and the 26 ambassadors in Brussels, as the alliance battles the ...

Ukraine agreed to clean up corruption in its gas export industry in return for Western investment in a deal with the EU on Monday which sparked a sharp warning from its powerful neighbour, Russia.Moscow warned it would "review" its relations with the European Union if Russia was left sidelined by ...

Samuel Eto'o and Zlatan Ibrahimovic took their combined goals tally to 42 on Sunday to spectacularly boost their sale value if Barcelona and Inter Milan decide to cash in their prize assets in the summer.Cameroon international Eto'o scored twice as Barcelona crushed Malaga 6-0 to restore their six-point lead in ...

At least 25 people were killed and 50 others were wounded in a suicide bomb attack as a Kurdish family was receiving condolences northeast of the Iraqi capital on Monday, local officials said.The attack took place in Jalawla, 130 kilometres (80 miles) from Baghdad. Jalawla, in the dangerous province of ...

Japan dominated the Asian Film Awards this year, grabbing top prizes including best picture, best director and best actor, event organisers announced Monday."Tokyo Sonata," a portrait of the breakdown of a seemingly normal Japanese family, won the award for best film.Its director, Kiyoshi Kurosawa, known for his thrillers and suspense ...