Australia's central bank has decided to sell out of a bank-note joint venture at the centre of a police investigation into corruption allegations. The Reserve Bank of Australia said on Tuesday it would sell its 50% stake in Securency International Pty Ltd after potential buyers approached the bank. Its joint-venture partner, Innovia Films, is also
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Qantas will resume flying Airbus A380 superjumbos this week on a limited basis, giving Airbus and engine maker Rolls-Royce a confidence boost after an engine failure crippled a jet with 466 people this month. Europe's aviation safety authority EASA also chipped in with some positive news, lightening its compulsory inspection regime for the Rolls-Royce Trent
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Weather Services International (WSI) expects temperatures for December-February to average colder than normal for Britain and western continental Europe, the U.S.-based forecaster said on Monday. "Based on all of the available evidence, we expect another winter with below-normal temperatures across the UK and the western half of the mainland, although not nearly as severe as
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U.S. security officials will rethink the invasive airline passenger screening procedures that have caused a public uproar on the eve of the busy U.S. holiday travel season, Transportation Security Administrator John Pistole said on Monday. "We're going to look at how can we do the most effective screening in the least invasive way knowing that
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Ireland's Green Party, the junior government coalition partner, called on Monday for an election to be held in January and said it would pull out of government once a series of fiscal packages and budgets were in place. "…we have now reached a point where the Irish people need political certainty to take them beyond
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Ireland said its four-year austerity plan would not be significantly changed in return for an EU/IMF bailout package to salvage its shattered banks, which elicited only modest relief in financial markets on Monday. A top euro zone official said the first loans could flow in January but European shares were flat and the euro only
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China's top Internet firm Tencent Holdings and Qihoo 360 publicly apologised to Internet users after the Chinese government stepped in, ordering both parties to end their dispute. Tencent, China's largest Internet firm with a market value of $42 bln, and Qihoo 360, the top provider of antivirus software, have been involved in a month-long public
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The EU and IMF agreed on Sunday to help bail out Ireland with loans to tackle its banking and budget crisis in a bid to protect Europe's financial stability. Ireland, facing widespread public anger over its handling of the crisis, formally requested the aid on Sunday evening. "The European authorities have agreed to our request,"
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Efforts to rescue 29 men trapped in a New Zealand coal mine stalled for a third day on Monday, with authorities fearing the colliery is a powder keg of explosive gases and relatives praying for a miracle. The agonising wait for an all-clear to enter the mine was etched on the faces of rescue officials
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Saudi Arabia is anxious to show its allies there will be no power vacuum in the world's biggest oil exporter as health problems beset its octogenarian rulers, but the danger of open disputes over succession remains. King Abdullah heads to New York on Monday for treatment of a blood clot and slipped disc and Crown
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