London’s top 2 police resign in UK hacking scandal

Britain’s spreading phone hacking and police bribery scandal forced two of London’s top police officers to resign in less than 24 hours and prompted Prime Minister David Cameron on Monday to call for an emergency session of parliament.
Scotland Yard chief Paul Stephenson stepped down Sunday night, followed out the door Monday by Assistant Commissioner John […]

US rules partially against Kodak in Apple dispute

The U.S. International Trade Commission issued a partial ruling against Eastman Kodak Co. on Thursday in a high-stakes patent-infringement dispute with the makers of the iPhone and BlackBerry phones.
The trade-dispute arbiter in Washington, D.C., said it is essentially upholding an earlier ruling by one of its judges, which threw out the photography pioneer’s claims.
The federal […]

Asia markets up as fears of economic slowdown ease

Signs that a global economic slowdown may be less serious than previously thought and a recovery in manufacturing in post-quake Japan sent Asian stock markets higher Wednesday.
Japan’s Nikkei 225 rose 1 percent higher to 9,745.69 after the government said the country’s industrial production rose 5.7 percent in May.
While the number was lower than the government’s […]

UN food agency to elect new chief

Representatives at the Food and Agriculture Organization vote this weekend to give the largest U.N. agency its first new chief in almost two decades _ an election that comes at a time of critically high food prices and malnutrition across the world.
Six candidates are vying for the top job at the Rome-based agency, but the […]

Consumer prices rise by smallest in 6 months

Americans paid more for food, cars and clothing in May. But overall consumer prices rose by the smallest amount in six months, slowed by the first drop in energy costs in nearly a year.
Consumer Price Index rose 0.2 percent in May, the Labor Department said. That’s down from April’s 0.4 percent increase. Food costs rose […]

Pension Bulls Buy Bonds at Fastest Pace in ’11 on Inflation: Mexico Credit - Bloomberg

Mexican pension funds are stepping up their purchases of longer-maturity bonds at the fastest pace since December as inflation holds near a five-year low.
Pensioners, the second-largest fixed-income investors in the country, boosted their holdings of fixed-rate bonds due in more than 10 years by 4.3 percent to 182.4 billion pesos ($15.7 billion) in April […]

Scientists: Iceland’s Grimsvotn volcano erupting

Scientists say Iceland’s most active volcano, Grimsvotn, has started erupting.
Iceland’s Meteorological Office confirmed Saturday that an eruption had begun, and local media said smoke could be seen coming from the volcano.
Grimsvotn lies under the uninhabited Vatnajokull glacier in southeast Iceland.
It last erupted in 2004. Scientists have been expecting a new eruption and have said previously […]

German Economic Growth Will Likely Slow by Mid-Year, Finance Ministry Says - Bloomberg

The pace of Germany’s economic growth will probably slow by mid-year after jumping 1.5 percent in the first quarter, the Finance Ministry said in its monthly report.
The Munich-based Ifo institute’s German business confidence index sank for a second consecutive month in April, reflecting concern over energy prices. At the same time, growing domestic industrial […]

Disease claims young victims in Ivory Coast crisis

Kneeling family members bent in prayer over two little bodies wrapped in sheets on the grass in the hospital grounds. Then two women among them released heart-rending wails.
The latest victims of Ivory Coast’s bloody four-month political standoff are dying of easily treated malaria. Most are children.
“We had five patients die (of malaria) within an hour […]

Contract workers occupy Athens City Hall

Protesting contract workers are occupying Athens’ City Hall, disrupting municipal services, to protest at continued cuts in state-paid jobs.
The protesters, whose contracts have expired but are fighting for permanent jobs in court, staged a peaceful occupation Tuesday. Police did not intervene.
Mayor Giorgos Kaminis promised to give the protesters priority when hiring new workers. But government […]