The outlook for the UK life insurance sector has been changed to ‘stable’ from ‘negative’, Moody's Investors Service said in a new Industry Outlook that is based on a projection of stable earnings, conservative capital management and increasing income diversity from captive asset managers. However, the rating agency cautioned that these factors are counterbalanced by
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A man from Long Island, New York, is facing up to 30 days in jail and a $500 fine after a neighbor complained to police he was laughing too loudly, his lawyer said on Wednesday. Police issued Robert Schiavelli, 41, two tickets for disturbing the peace for laughing out the window of his home in
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British Prime Minister David Cameron will promise on Thursday to stick to his government's deficit reduction plan despite the loss of his country's top-notch AAA credit rating, saying Britain would plunge "back into the abyss" if he changed course. Speaking ahead of a March 20 budget that will be dissected by the markets and ratings
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An African lion attacked and killed an employee of a private wildlife sanctuary in central California on Wednesday, law enforcement officials said. Deputies responding to reports of an injured person at Cat Haven in Dunlap, California, found a severely wounded person inside the lion enclosure, Fresno County Sheriff's spokesman Lt. Robert Miller said. "We don't
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Sobbing and shouting, a throng of Hugo Chavez's supporters paraded his coffin through the streets of Caracas on Wednesday in an emotional outpouring that could help his deputy win an election to keep his socialist revolution alive. Hundreds of thousands of "Chavistas" marched behind a hearse carrying the body of the flamboyant and outspoken president,
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U.S. safety regulators are poised to approve within days a plan to allow Boeing Co to begin flight tests of the 787 Dreamliner with a fix for its volatile batteries, a critical step towards returning the grounded aircraft to service, two sources familiar with the matter said on Wednesday. The Federal Aviation Administration (FAA) is
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Without a willingness to lug cheap flat-pack wardrobes home and wrestle with self-assembly, there would be no IKEA, but in Asia, where the locals have other ideas, the Swedish furniture giant thinks it still has a bright future. As it expands in China and prepares to break into India, IKEA Chief Executive Mikael Ohlsson trusts
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The decision on the company which will supply Cyprus with natural gas until the reserves in the Republic’s Exclusive Economic Zone can be exploited has been deferred by the Board of Directors of the Natural Gas Public Company (DEFA), Chairman Costas Ioannou told CNA on Wednesday after a Board meeting. The evaluation reports of the
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The first wine to be sold from a French vineyard owned by Hollywood couple Brad Pitt and Angelina Jolie will go on offer this week to online buyers with a thirst for celebrity. The first 6,000 bottles of organic "Miraval Rosé 2012" will be sold on the Internet on Thursday for 105 euros ($140) a
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Hackers attacked the websites of the Czech central bank, several top commercial banks and the Prague Stock Exchange on Wednesday, slowing or shutting down online services in the latest in a series of such attacks across Europe in recent weeks. The attacks, caused by flooding systems with digital requests that overwhelm servers, followed a wave
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