Australia's Qantas posts sharply higher profits
Qantas Airways Ltd. says its half-year profit more than doubled after losses slowed in its long-suffering international division and it pocketed cash from delays in the delivery of Boeing’s troubled 787 …
Cameron suggests using foreign aid cash for military
AMRITSAR, India (Reuters) – Prime Minister David Cameron has raised the possibility of di verting hundreds of millions of pounds from foreign aid to defence and security. Faced with anger in his ruling Conservative party about further possible defence cuts at a time when he says Britain must spend 0.7 percent of gross domestic product on foreign aid, Cameron told reporters he was interested in exploring ways to use money earmarked for foreign aid for wider security purposes. …
Fast promotes China as Canadian IT market as country's hacker hotbed revealed
OTTAWA – The federal trade minister is promoting China as a key market for Canadian technology as that country is being outed as a hacker hotbed.
FSA to publish internal Libor probe soon
LONDON (Reuters) – The Financial Services Authority (FSA) will publish its internal review into when it first knew about banks rigging the Libor benchmark within weeks, before the watchdog is scrapped. The watchdog told parliament's Treasury Select Committee in a written submission released to the m edia that the review was being conducted by its internal audit division. The FSA was responding to the committee's report last year on the Libor scandal. …
Landlocked neighbors worried by possible Kenya poll violence
ATHI RIVER, Kenya (Reuters) – Kenya’s landlocked neighbors are stocking up on fuel and food to prevent the kind of disruption they suffered after being cut off from the port of Mombasa by angry rioters following a disputed election five years ago. About 200 million people in Uganda, Rwanda, Burundi, South Sudan and eastern Congo could be affected if Kenya goes through a fresh bout of fighting when it holds presidential and parliamentary elections on March 4. …
Ecuador's Correa vows to make socialist revolution 'irreversible'
QUITO (Reuters) – Ecuadorean President Rafael Co rrea said his party likely won three-quarters of the seats in Congress in last weekend's election and vowed on Wednesday to "steamroll" through reforms that will make his socialist model irreversible. The 49-year-old economist was re-elected on Sunday with 57 percent of votes, some 34 percentage points more than the runner-up. During his six years in office he has won broad support with high spending on infrastructure and social welfare. …
InBev, Justice Department seek delay in courtroom beer fight
WASHINGTON (Reuters) – The U.S. Justice Department and Anheuser-Busch InBev , which have been embroiled in a court fight over whether AB InBev can expand its stake in Mexican brewer Grupo Modelo, asked a court on Wednesday for a short delay as the two sides hold settlement talks. AB InBev, the world’s largest brewer, has 200 brands ranging from big names like Budweiser and Stella Artois to craft-style beers like Shock Top and Goose Island. AB InBev wants to buy the 50 percent of Modelo it does not already own for $20. …
Police add more confusion to Oscar Pistorius case
PRETORIA, South Africa (AP) -- The prosecution case against Oscar Pistorius began to unravel Wednesday with revelations of a series of police blunders and the lead investigator's admission that authorities have no evidence challenging the double-amputee Olympian's claim he killed his girlfriend accidentally.
Bolivia leader unable to visit Chavez at hospital
CARACAS, Venezuela (AP) -- Bolivian President Evo Morales said Wednesday that he was unable to meet with his friend and ally Hugo Chavez when he came to the military hospital in Caracas where the Venezuelan president is undergoing unspecified cancer treatment.
Diaz wants upgrade to come to Montreal; GSP doesn't care if opponent comes by horse
Welterweight champion Georges St-Pierre isn’t losing much sleep over opponent Nick Diaz’s travel arrangements to Montreal for their UFC 158 main event.
Language cops don't like Italian flavour of Montreal restaurant menu
MONTREAL – Mamma mia! The word “pasta” is a little too Italian for Quebec’s language cops.
Factbox - BRIT Awards 2013 winners
LONDON (Reuters) – The BRIT Awards, Britain’s top pop music honours, were handed out at London’s O2 Arena on Wednesday. …
Wednesday, February 20, 2013
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