Bank of England holds record-low rates despite recession threat

LONDON - The Bank of England voted on Thursday to freeze its key interest rate at a record low 0.50 per cent and maintain the level of its quantitative easing cash stimulus, despite the threat of a triple-dip recession in Britain.The central bank said in an unexpectedly long statement that its Monetary Policy Committee (MPC) had voted to maintain its emergency QE stimulus at £375 billion...

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PM, Sonia, Rahul to campaign in Meghalaya

SHILLONG: Prime Minister Manmohan Singh, Congress president Sonia Gandhi and party vice-president Rahul Gandhi will campaign in Meghalaya later this month for the February 23 assembly elections in the state. Meghalaya Pradesh Congress president D D Lapang said today that the Prime Minister would arrive on February 15 and address an election rally in the state capital. Sonia Gandhi would arrive here...

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Ex-LA Cop Sought in Shootings of 3 Cops, 2 Slayings

Police in Southern California say they suspect that a fired cop is connected to the shootings -- one fatal -- of three police officers this morning, as well as the weekend slayings of an assistant women's college basketball coach and her fiancé in what cops believe are acts of revenge against the LAPD as suggested in the suspect's online manifesto.Former police officer Christopher...

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Tunisia protests after government critic shot dead

TUNIS (Reuters) - A Tunisian opposition politician was shot dead on Wednesday, sending protesters onto the streets of cities nationwide two years after the uprisings that swept Tunisia's president from power and inflamed the Arab world. The headquarters of the moderate Islamist Ennahda party, which rules in a fractious coalition with secularists, was set ablaze after Chokri Belaid, an...

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Silver tsunami & dwindling workforce can destabilise economies: Lee Yi Shyan

SINGAPORE: Senior Minister of State for National Development and Trade & Industry Lee Yi-Shyan has painted a sobering picture of an ageing population and shrinking workforce.Speaking in Parliament on the Population White Paper and Land Use Plan on Wednesday, Mr Lee pointed to the experience of Asian neighbours like Japan and Taiwan as examples of how the silver tsunami and dwindling...

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Women don't feel safe in Delhi: Sheila

NEW DELHI: Women do not feel safe in Delhi, chief minister Sheila Dikshit admitted Wednesday. "Women don't feel safe in Delhi. Fears have risen. I'm shocked to learn about the Lajpat Nagar attempted rape case. It's a big setback for us," she said referring to the rape bid on a 19-year-old woman Tuesday. The Class IX student fought off the rape bid in her own house by an electricity contractor, who...

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Critics seek to delay NYC sugary drinks size limit

NEW YORK (AP) — Opponents are pressing to delay enforcement of the city's novel plan to crack down on supersized, sugary drinks, saying businesses shouldn't have to spend millions of dollars to comply until a court rules on whether the measure is legal.With the rule set to take effect March 12, beverage industry, restaurant and other business groups have asked a judge to put it on hold at least until...

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Hostage Taker Waged Firefight With SWAT agents

Jimmy Lee Dykes, the man who held a 5-year-old boy hostage for nearly a week in an underground bunker in Alabama, had two homemade explosive devices on his property and engaged in a firefight with SWAT agents before they stormed the bunker and killed him, according to the FBI.One explosive device was found inside the bunker and another was located in the PVC pipe negotiators...

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Iran's Ahmadinejad in Egypt on historic visit

CAIRO (Reuters) - Mahmoud Ahmadinejad arrived in Egypt on Tuesday on the first trip by an Iranian president since the 1979 revolution, underlining a thaw in relations since Egyptians elected an Islamist head of state. President Mohamed Mursi, the Muslim Brotherhood politician elected in June, kissed Ahmadinejad as he disembarked from his plane at Cairo airport. The leaders walked down...

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MDA introduces new scholarship for film-makers

SINGAPORE: The Media Development Authority (MDA) has introduced a special film category for its Media Education Scheme (MES). The MES (Film) scholarship is tailored for screenwriters, directors and film-makers, who tend to operate on a freelance basis. On top of full scholarship and an annual living allowance, MES (Film) scholars will be assigned to mentors who will coach, guide and provide...

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