Tuesday, November 20, 2012

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Israel 'willing partner' in potential cease-fire
An Israeli soldier stands on a tank at a staging area near the Israel Gaza Strip Border, southern Israel, early Tuesday, Nov. 20, 2012. U.N. Secretary-General Ban Ki-moon is urging Israeli forces and Gaza militants to hold their fire, warning that a further escalation of the seven-day-old conflict would endanger the entire region. (AP Photo/Lefteris Pitarakis)Israel's prime minister says Israel would be a "willing partner" in a cease-fire with Gaza's ruling militant group Hamas.


UBS rogue trader Kweku Adoboli guilty of fraud
FILE This Tuesday, Sept. 18, 2012 file photo shows former trader Kweku Adoboli leaving Southwark Crown Court in London for a lunch break from his trial at the court. A rogue trader who lost $2.2 billion in bad deals at Swiss bank UBS was convicted of fraud on Tuesday, Nov. 20, 2012. Ghanaian-born Kweku Adoboli, 32, exceeded his trading limits and failed to hedge trades, allegedly faking records to cover his tracks at the bank's London office.    At one point, Adoboli risked running losses of up to $12 billion. The fraud conviction carries a maximum jail term of 10 years. (AP Photo/Sang Tan)A rogue trader who lost $2.2 billion in bad deals at Swiss bank UBS was sentenced to 7 years in prison Tuesday after being convicted in what prosecutors called the biggest fraud case in U.K. banking history.


Israel warns Gazans to flee homes with leaflets
An Israeli soldier stands on a tank at a staging area near the Israel Gaza Strip Border, southern Israel, early Tuesday, Nov. 20, 2012. U.N. Secretary-General Ban Ki-moon is urging Israeli forces and Gaza militants to hold their fire, warning that a further escalation of the seven-day-old conflict would endanger the entire region. (AP Photo/Lefteris Pitarakis)Israeli warplanes have dropped leaflets on several Gaza City neighborhoods urging people to evacuate their homes immediately.


Hamas kills suspected collaborators with Israel
Witnesses say masked gunmen have publicly killed six suspected collaborators with Israel at a busy Gaza City intersection.


Argentina's Fernandez faces her first general strike
Empty motorway is seen during a one-day nationwide strike in Buenos AiresBUENOS AIRES (Reuters) – Public transportation in Argentina as well as grain shipments from the agricultural powerhouse halted on Tuesday for a 24-hour strike over taxes called by a union boss once allied with th e government. The work stoppage by bus drivers, train conductors and port, airline and bank workers follows wide protests held on November 8 over high crime, soaring inflation and the policy response of President Cristina Fernandez. …


4th-ranked Rafael Nadal back training in Spain as part of recovery from left knee injury
MANACOR, Spain – Rafael Nadal has begun training as part of his recovery from a left knee injury that has sidelined him since Wimbledon.


Police arrest another man in case of alleged confinement of Nova Scotia teen
BRIDGEWATER, N.S. – A 63-year-old man has been arrested in the investigation into the alleged sexual assault and confinement of a 16-year-old Nova Scotia boy.


Xstrata shareholders scrap pay plan, Glencore deal goes through
Xstrata Chairman Bond and Chief Financial Officer Reid arrive before an extraordinary shareholder meeting in ZugLONDON (Reuters) – Shareholders in Xstrata dealt a blow to their board on Tuesday, ush ering through a long-awaited $31 billion takeover by trader Glencore without a controversial pay plan that had been backed by the miner's directors. In a final vote after a drawn out meeting and a complex shareholder poll, 78.4 percent of voting shareholders voted against the "golden handcuffs" plan for Xstrata managers. That vote means an earlier resolution, in which Xstrata shareholders approved the Glencore takeover without the retention plan, is valid, and the deal goes through. …


Unwise spending exposes Europe's economic errors
In this photo taken Oct. 31, 2012, a man visits the Portuguese Madeira Islands regional government's latest showpiece investment, a panoramic steel-and-glass viewing point perched on what claims to be Europe's highest cliff-top in Cabo Girao, Portugal. The price tag for the platform, parking lot and cafe was euro 2.5 million. That's a hefty outlay for a near-bankrupt archipelago of about 250,000 people which has euro 6.3 billion in    public debt, needed a euro 1.5 billion bailout last year and has promised to be frugal. But development funds from the European Union, bankrolled by the continent's taxpayers, made it affordable by picking up euro 2 million of the tab. (AP Photo/Joana Sousa)The president of these Portuguese islands turned out, as he almost always does, for a ribbon-cutting ceremony at his government's latest showpiece investment: a panoramic steel-and-glass viewing point perched on what islanders claim to be Europe's highest cliff-top.


Civil War Trust, Virginia team up for $3.2 million Gaines' Mill preservation
RICHMOND, Va. – The Civil War Trust has teamed up with the state to complete a $3.2 million campaign protecting 285 acres at Gaines’ Mill, where Gen. Robert E. Lee had his first major victory as commander of the Army of Northern Virginia.


'Do AC' ads resume after Superstorm; seek to counter misperception that boardwalk is wrecked
Atlantic City is resuming its “Do AC” ad campaign with a new urgency in light of a survey that found four out of 10 respondents wrongly believe the New Jersey resort’s boardwalk was destroyed by Superstorm Sandy.


Dutch govt scraps 'weed pass' designed to keep non-residents out of pot-selling coffee shops
THE HAGUE, Netherlands – Dope-selling coffee shops in Amsterdam won’t be shutting their doors to foreign visitors any time soon, a huge relief to the hundreds of thousands of tourists who enjoy a toke or two in the Dutch capital alongside their excursions on the canals and to the museums.


Journey through time, identities in Chernivtsi, Ukraine's Little Paris
CHERNIVTSI, Ukraine – Onion-domed Orthodox churches. Solemn Catholic cathedrals. Cobblestone streets lined with mansions. A movie theatre built on the ashes of a synagogue.


Hudson's Bay to raise about C$365 million via IPO
TORONTO (Reuters) – Canadian retailer Hudson’s Bay Co said on Tuesday its initial public offering will raise some C$365 million ($366.6 million), a sum that is well below the company’s original target of about C$400 million. The retailer, in a brief statement late on Monday, said its offering of 21.48 million shares priced at C$17 apiece – at the bottom of the company’s already lowered range of C$17 to C$18 a share. The offering price pegs its market capitalization at just over C$2 billion. …


Syrian rebels seize military base, munitions
Syrian rebels have taken over a large military base in the country’s north, carting off tanks, armored vehicles and truck-loads of munitions.


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