Tuesday, 30 October 2012

Latest Headlines:





New York streets flooded as Sandy slams into east coast

NEW YORK/REHOBOTH BEACH, Delaware - Sandy, one of the biggest storms to hit the United States, has pounded the east coast, flooding large parts of New York City, bringing transport to a halt and interrupting the presidential campaign. Live Coverage | Full Article

Japan's Hitachi buys UK's Horizon nuclear project 9:03am GMT

LONDON/TOKYO - Japanese industrial electronics maker Hitachi is taking over Britain's Horizon nuclear project to build four to six new nuclear power stations, the UK's Department of Energy and Climate Change (DECC) said on Tuesday.


The company's logo is seen at an office building of Swiss bank UBS in Basel October 28, 2012.   REUTERS/Arnd Wiegmann

UBS to slash 10,000 jobs in fixed income exit

ZURICH - UBS unveils plans to wind down its fixed income business and fire 10,000 bankers in one of the biggest bonfires of finance jobs since the implosion of Lehman Brothers in 2008. Full Article
A rainbow is seen behind the logo of a BP fuel station in Barnstaple in south west England October 17, 2012. REUTERS/Toby Melville

BP hikes dividend and looks beyond 2014

BP raises its dividend and signals a more upstream-focused future beyond 2014 as it reports stronger-than-expected quarterly profits. Full Article
Scott Forstall, senior vice president of iOS Software at Apple Inc, speaks about iPhone 5 apps during Apple's iPhone media event in San Francisco, California on September 12, 2012. REUTERS/Beck Diefenbach

Store and iPhone software chiefs to leave Apple

SAN FRANCISCO - Apple says its head of iPhone software and its head of retail will leave, the biggest shake-up in the company's executive ranks since Tim Cook became chief executive last year. Full Article | Related Story
Germany's Chancellor Angela Merkel addresses a news conference at the end of the second session of a two-day European Union leaders summit in Brussels October 19, 2012. REUTERS/Christian Hartmann

Euro zone ponders best path to "GEMU"

PARIS - The coining of the acronym GEMU, which stands for Genuine Economic and Monetary Union, is a sign that Europe's leaders are shifting their focus from fingers-in-the-dike crisis management to a longer-term process of building a more robust architecture for the currency area. Full Article
Smoke rises from what activists say was a missile fired by a Syrian Air Force fighter jet loyal to Syria's President Bashar al-Assad at Erbeen, near Damascus October 29, 2012. REUTERS/Maawia Al-Naser/Shaam News Network/Handout

Air strikes in Damascus wreck Syria "truce"

AMMAN - Syrian jets bomb parts of Damascus in what residents say are the capital's fiercest air raids yet, underlining the collapse of a truce proposed by peace envoy Lakhdar Brahimi. Full Article
 A woman carries a bunch of flowers as she passes a sale sign displayed in the window of a shop on Oxford Street in London, January 15, 2009. Reuters/Andrew Winning

Consumer credit boosts growth prospects

Lending to British consumers rose at the fastest pace in more than four-and-a-half years in September, adding to signs that the economy is slowly picking up after exiting recession in the third quarter. Full Article | Related Story



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