Pakistan's MQM chief Altaf Hussain released on bail in UK

Pakistan's powerful MQM chief Altaf Hussain was released on bail today, four days after he was arrested here by the British police on charges of money laundering.

The 60-year-old exiled leader of the Muttahida Qaumi Movement (MQM) was arrested on June 3 from his north London home and taken to a central London police station for questioning.

"The 60-year-old man arrested on Tuesday June 3 on suspicion of money laundering has been released on police bail to a date in July pending further enquiries," a police statement said without naming Hussain.

Hussain was questioned for seven hours last evening, BBC reported.

He was transferred to a hospital for check-ups after being arrested on Tuesday. He returned to Scotland Yard custody yesterday after spending three days in the hospital...

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From economictimes News

Andy Murray must prove he has what it takes to win Grand Slam against Rafa Nadal

John McEnroe says Andy Murray’s semi-final clash with Rafa Nadal on Friday will prove if the Wimbledon ­champion is back as a genuine Grand Slam contender.

The British No.1 has reached the last four at a Major for the first time since his Wimbledon triumph last year by coming through five-set thrillers against Philipp Kohlschreiber and Gael Monfils.

But the world No.8 has yet to beat a top 10 player since ending ­Britain’s 77-year wait for the title last July – and has lost his three matches against other members of the Big Four.

He has also had to contend with back surgery and splitting with coach Ivan Lendl since his second Grand Slam title.

Murray faces the massive mission of ending the Spanish King of Clay’s long reign at Roland Garros.

The world No.1 has won eight French Open titles while only ever losing one match here and is on a 33-match unbeaten run at the clay-court Major...

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From mirror.co.uk News

Mounties arrest ‘Rambo’-styled suspect in triple cop killing, ending massive manhunt in Canada

Royal Canadian Mounted Police said they arrested early Friday morning 24-year-old Justin Bourque, who is suspected of killing three officers in New Brunswick in one of the worst mass shootings in the Mounties’ history. Bourque had been the object of a massive manhunt in eastern Canada since Wednesday evening.

Paul Greene, a spokesman for the Mounted Police, said the suspect was taken into custody about 12:30 a.m. Friday. The suspect was reportedly armed with high-powered rifles and spotted three times while evading the nearly 30-hour manhunt.

Residents of the city in southeast New Brunswick were told they could resume normal life after a lockdown, during which they were told to stay inside and bolt their doors.

The shooter, dressed “Rambo”-style in camouflage and a headband — and armed with at least two rifles and a crossbow — had been on the loose since his confrontation with police, which reportedly began when someone called in a report about an armed man in the neighborhood about 7:30 p.m. Wednesday, ABC News reported. Police responded to the scene and five officers were shot. The two surviving officers were injured.

As of Thursday morning, the whole town of Moncton, where the shootings took place, was all but shut down as police from around the country searched for the suspect. Police urged local residents to keep their doors locked and turn on exterior lights to help out police...

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From washingtonpost News

D-Day 70th anniversary: World leaders gather for ceremony

World leaders are joining hundreds of veterans in Normandy to mark the 70th anniversary of the D-Day landings.

Heads of state will meet at Ouistreham, one of the five beaches where Allied troops landed on 6 June 1944.

French President Francois Hollande will give a speech followed by US President Barack Obama. The Queen and Russian President Vladimir Putin will also go.

There will be a re-enactment of the landings, which were the start of the invasion of Nazi-occupied Europe.

The day's commemorations began at midnight with a vigil at Pegasus Bridge near Ouistreham, marking the first assault of the D-Day invasion when British soldiers began the first Allied action of the campaign...

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From BBC News

ANALYSIS: Abe refocused attention from Ukraine to China at G-7 summit

Prime Minister Shinzo Abe walked a diplomatic tightrope at the first Group of Seven summit meeting without Russia in 16 years, as he tried to divert world leaders' eyes from the Ukrainian crisis and focus on China's maritime advance.

While the official dinner of the G-7 summit in Brussels on June 4 was dominated by the Ukrainian crisis, Abe brought up the issue of China's growing presence in the East China Sea and South China Sea.

In calling for support, Abe compared the expansion of China's activities in the region to Russia's ongoing violation of Ukraine's sovereignty.

"It must not be permitted for a country to challenge the status quo by force anywhere in the world," he told the G-7 leaders.

As a result, the leaders said in their joint statement that they are "deeply concerned by tensions in the East and South China Sea."

Abe also made it clear that Japan is distancing itself from the hard-line stance United States has taken toward Russia over the Ukrainian crisis and called for G-7 countries to continue dialogues with Moscow.

"It is important to pressure Russia to commit itself to the problems that the international community is now facing as a responsible stakeholder," Abe said.

The prime minister's statements reflect Japan's concern that further isolation of Russia from the G-7 nations might push Moscow to rekindle its ties with Beijing.

Such a scenario would be undesirable at a time when Japan needs to counter the rising military might of China. It could also further delay a settlement of the territorial dispute over the Northern Territories.

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From ajw.asahi News

Netanyahu's diplomatic meltdown on Palestinian unity

The events surrounding Israel’s attempts to undermine the establishment of a Palestinian unity government can be summed up in two words — diplomatic meltdown. In the space of a few hours on Tuesday, the world’s powers, one after another, lined up and recognized the new Palestinian reality.

First was the United States. Then came the obvious suspects — the European Union’s High Representative for Foreign Affairs Catherine Ashton, the British and French foreign ministers and of course the UN secretary general. But they also included states Israel had wooed lovingly in the past few months.

Prime Minister Benjamin Netanyahu, Foreign Minister Avigdor Lieberman and Economy Minister Naftali Bennett told us with shining eyes that China and India aren’t interested at all in the Palestinians and only want Israeli high-tech. In a bid to endear itself to Russia’s President Vladamir Putin, Israel caved in on the issue of Russia's invasion of Ukraine.

That did not prevent the foreign ministries of Moscow, Beijing and New Delhi from issuing eager announcements in support of the new Palestinian government. The United States and European states at least added conditions to their support of the Palestinian unity government, like recognizing Israel. The Chinese, Russians and Indians didn’t show the slightest interest...

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From haaretz News

Tibetans, Uyghurs Remember Own Crackdowns on Tiananmen Anniversary

Exile Tibetan and Uyghur groups on Wednesday marked the 25th anniversary of the Chinese government’s massacre of pro-democracy demonstrators at Tiananmen Square by pointing to what they described as Beijing’s use of deadly force to suppress their own struggles for greater freedom and rights.

Tibet’s spiritual leader the Dalai Lama offered prayers Wednesday for those killed in the June 1989 assault, saying they died for freedom, democracy, and human rights—values he called the foundation of a “free and dynamic society.”

“They are also the source of true peace and stability,” said the Dalai Lama, who fled into exile in India in 1959 after an abortive national uprising in Tibet against Chinese rule.

“While great progress has been made to integrate China into the world economy, I believe it is equally important to encourage China to enter the mainstream of global democracy,” the Dalai Lama said in a statement.

“This will help China to gain the trust and respect of the rest of the world, enabling China to fulfill its potential in playing a leading role in global affairs.”

The Dalai Lama's statement came ahead of a campaign to be launched on Thursday by the Central Tibetan Administration (CTA), Tibet’s Dharamsala, India-based government in exile, in a new push for its "Middle Way" approach for greater autonomy for Tibetans within China.

Beijing has ruled Tibet with an iron fist since 1951, a year after invading the Himalayan region. It further tightened controls since unrest spread across Tibetan regions from Lhasa in March 2008.

The CTA says about 220 Tibetans died and nearly 7,000 were detained in the subsequent region-wide crackdown. The Chinese government says rioting killed 22 people.

A total of 131 Tibetans have also set themselves ablaze to date in self-immolation protests calling for Tibetan freedom, with another six setting fire to themselves in India and Nepal...

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From rfa.org News

Underwater sound heard in jet hunt

AUSTRALIAN researchers have released data about an unusual underwater sound recorded around the time Malaysia Airlines Flight 370 vanished.

However, the lead scientist put the chances of it being linked to the missing Boeing 777 at less than 20 per cent.

The low-frequency sound was picked up by under­water listening devices in the Indian Ocean off the west coast of Australia on March 8 this year, the same day the plane disappeared on a flight from Malaysia to Beijing with a total of 239 people on board.

Researchers at Curtin University, Western Australia, have analysed the signal to see if it may be the sound of the plane crashing into the ocean.They admit the noise could have come from a small earthquake.

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From HS News

French Open: Bouchard faces childhood idol Sharapova in battle of blondes

Eugenie Bouchard clashes with childhood idol Maria Sharapova in the French Open semifinals on Thursday in a match-up which ticks all the right marketing boxes for the women`s tour.

Only 2012 champion and 2013 runner-up Sharapova has tasted the atmosphere of a last-four match on Philippe Chatrier court while the trio battling her to lift the trophy on Saturday are all in uncharted territory

The 20-year-old Bouchard is also bidding to become the first Canadian woman to reach a Grand Slam final as she takes on the Russian former number one.

"I have a picture with her when I was I think seven or eight years old. I guess that would be the first time we met. I think it was in Miami," said the bilingual blonde.

The photo shows a shy Bouchard, in a blue T-shirt and shorts, being dwarfed by a 15-year-old Sharapova who is dressed in a prim white tennis dress.

"Yeah, I mean, you know, I looked up to her for sure." Sharapova, who has won each of the Grand Slams once, has beaten Bouchard in their two previous meetings including at Roland Garros 12 months ago.

"Someone like Eugenie who has been up and coming for a couple of years, I think this is the year where she`s really broken through, especially at the Grand Slams, playing at a high level," said Sharapova...

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From Zee News

Obama suspends Iran oil sanctions for six months

 With Iran complying with its commitment on a controversial nuclear weapons programme, US President Barack Obama has suspended his action on Iranian oil sanctions for the next six months.

Even though there is enough oil in the international market for countries like India and China to reduce their dependence on Iranian oil, so as to avoid US sanctions as per Congressional Act, Mr. Obama determined that there is no need to do so for the next six months as Tehran is fully co-operating with the US-led international community to address their concerns about its nuclear weapons program, the White House said on Wednesday.

“While market conditions suggest that there is sufficient supply to permit additional reductions in purchases of Iranian oil, the United States has committed to Obama suspends Iran oil sanctions for six months and

pause efforts to further reduce Iran’s crude oil sales for a six month period under the Joint Plan of Action between the P5+1 and Iran,” the White House Press Secretary, Jay Carney said.

“In return for this and other limited relief measures, Iran has committed to take steps that halt and in key respects roll back progress on its nuclear programme.

The International Atomic Energy Agency has verified that Iran is complying with these commitments,” he said.

The analysis contained in the Energy Information Administration’s report of April 24, indicates that global oil consumption has exceeded production in recent months, he said, adding that this resulted in a small withdrawal from global oil stocks, in line with rates earlier this year.

“Global oil supply disruptions in recent months increased compared with earlier this year, but the resulting supply reduction was offset by increased petroleum production, particularly in the United States,” Mr. Carney said.

Global surplus crude oil production capacity has increased modestly in recent months but remains lower than a year ago, he noted...

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From TH News

Supreme Court rejects Subrata Roy's plea for house arrest, lifts curbs on sale of assets

In a setback to Sahara chief Subrata Roy, who is in jail for the last three months, the Supreme Court on Wednesday dismissed his plea to be put under house arrest but allowed the group to sell properties to mobilise Rs.5,000 crore in cash and an equal amount in bank guarantee for securing his release.

"The prayer for shifting the contemnor outside the jail is dismissed," a bench of justices TS Thakur and AK Sikri said while reading the operative parts of the judgement that dealt with the modifications of the earlier order.

The Sahara chief, who is in Delhi's Tihar jail since March 4, was earlier directed by the apex court to pay Rs 5,000 crore in cash and furnish a bank guarantee of Rs 5,000 crore as pre-condition for his release. Sahara group has been given a go ahead to sell immovable properties in nine cities here, the bench said in its verdict today and made it clear that they will not be sold below the circle rate and buyers should not be "connected or related" to the group.

The sale proceeds will be deposited in a separate bank account, maintained by market regulator SEBI, which, in turn, will release the title deeds of the properties in favour of the purchasers, it said. The bench also lifted the curb put on encashment of Sahara group's fixed deposits and bonds and said that they will also be kept by the market regulator.

Dealing with the issue of sale of equities held by Sahara group in three offshore hotels, the bench said it is keeping the issue open as the group has to file an affidavit relating to its communication with the Bank of China which had lent it money. The bench, which allowed Sahara group to mortgage its properties in Aamby valley in Pune for arranging the bank guarantee, said that the guarantee, to be furnished, either be given from a nationalized or a scheduled bank. It said bank guarantee of a cooperative bank will not "suffice".

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From DNA News

East Ukraine sees fresh violence

 Heavy fighting broke out Monday in the eastern Ukrainian city of Luhansk as NATO diplomats held talks in Brussels with Russia on the crisis.

Pro-Russian separatists said at least five people were killed and at least 10 injured in an airstrike on their headquarters in the regional government building in central Luhansk, Russia’s Interfax news agency reported.

A local health official said at least two people were killed and dozens injured, the report said.

A massive explosion rocked the city centre about 4 pm (1300 GMT) after fighter jets started circling over Luhansk, local media reported.

Government officials suggested the separatists had caused the explosion, with Defence Ministry spokesman Oleksiy Dmytrashkivskiy telling Ukrainian media that careless handling of explosives was a likely explanation.

The UNN news agency later quoted a Luhansk police source as saying the explosion was probably caused by a heat—seeking anti—aircraft missile fired from the separatist—occupied state security building.

“The rocket changed course and hit an air conditioner fixed outside an administration window,” the report quoted an unnamed witness as saying.

Photos showed black smoke coming from a window on the fourth floor and heavy damage just below. The rest of the building’s facade appeared intact...

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From thehindu News

Vidya Balan’s fan moment with Pankaj Kapur

Pankaj Kapur celebrated his birthday on May 29 with a bash thrown by his son Shahid Kapoor. Among the Bollywood invitees, Vidya Balan stood out in the party. She had a long chat with the senior actor about a popular character played by him, detective Karamchand.

She was excited to meet Pankaj and talked about his work as a sleuth in the ‘80s TV show. Vidya has been a fan of the actor and liked his work in the show. “She loved the way Pankaj played his character in the show. Now that she is playing a detective in her upcoming release, she wanted to meet him and talk about the challenges one faces while portraying a detective on-screen,” says a source close to the actor.

“Vidya attended the party inspite of being unwell. She wanted to praise Pankaj for playing the role so well, as she now knows the hard work one has to put in to get it right,” adds the source.

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From hindustantimes News

Maruti sales up 19% to 1,00,925 units in May

Country's largest car-maker Maruti Suzuki IndiaBSE 2.53 % (MSI) today reported 19.2 per cent rise in total sales in May to 1,00,925 units as against 84,677 units in the same month last year.

The company said its domestic sales rose 16.4 per cent during the month to 90,560 units as against 77,821 units in May 2013.

Sales of mini segment cars, including M800, Alto, A-Star and WagonR, declined by 7.5 per cent to 29,068 units as compared to 31,427 units in the year-ago month, MSI said in a statement

The company said sales of the compact segment comprising Swift, Estilo, Ritz rose 53.9 per cent to 26,394 units in May this year as against 17,147 units last year.

MSI said sales of its popular compact sedan Dzire rose 9.8 per cent during the month under review to 18,953 units as against 17,265 units in May 2013...

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From economictimes News

King Juan Carlos of Spain abdicating

Juan Carlos, who is 76, has ruled since 1975, taking over after the death of dictator Francisco Franco.

The king's son, Crown Prince Felipe, 45, will take over the throne.

For much of his reign, Juan Carlos was seen as one of the world's most popular monarchs, but recently many Spaniards have lost confidence in him.

His reputation has been tarnished by a long-running corruption investigation into his daughter and her husband.

Support for the king fell further when it was discovered he had been on a lavish elephant hunting trip to Botswana in April 2012, in the middle of Spain's financial crisis.

The king gave a rare interview in Jan 2013 on the eve of his 75th birthday

"His Majesty King Juan Carlos has just informed me of his desire to renounce the throne and begin the process of succession," Mr Rajoy said in a short statement.

He gave no reason for the decision, saying the monarch himself would explain, but Juan Carlos' health is failing and he has had a number of hip operations in recent years.

Spain does not have a precise law regulating abdication and royal succession, and Mr Rajoy said ministers would hold a special meeting to discuss the process by which the prince would take over as Felipe VI.

The prime minister said Juan Carlos had been a "tireless defender of our interests"...

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From BBC News

Bulls take a break; Sensex tanks 476 pts after 3-week gains

The S&P BSE benchmark Sensex snapped a three-week strong winning spree and dropped 476 points due to profit-booking from operators in view of expiry of the futures and options May contract and ahead of the Reserve Bank of India's policy review meet next week.

Market sentiment remained weak as overseas investors were net sellers in the first four sessions of the week.

The Sensex resumed higher at 24,693.89 and once again crossed 25,000 mark to quote at 25,175.22 on strong initial buying before the swearing-in of Narendra Modi as Prime Minister on Monday.

The 30-share index, however, declined afterwards to 24,163.62 on profit-booking before finishing the week at 24,217.34, showing a loss of 476.01 points, or 1.93 per cent over the previous week's close.

In the last three weeks, the key BSE barometer had gained a whopping 2,289.46 points, or 1 ..

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From economictimes News

Better NPA picture for fourth quarter likely, says RBI Deputy Governor

 The banking system's non-performing assets (NPA) position for the fourth quarter of 2013-14 is likely to come out better than the third quarter, Reserve Bank of India Deputy Governor R Gandhi said.

Use of credit ratings could be an important proactive step that a bank can take to stem the problem of increasing level of NPAs and stressed assets, he said at an Assocham organised national conference on 'Growing NPAs in banks'.

Use of external ratings

However, banks need to balance the use of external ratings, as the recent financial crisis has highlighted the dangers of over dependence on ratings.

As at end December 2013, the gross NPAs of the domestic banking system was 4.4 percent of gross advances. The final figure for March 2014 is yet to be known.

While some may view this ratio (4.4 percent) as reasonable given the economic conditions prevalent in the country and elsewhere, the total stressed assets in the banking system (which include NPAs and restructured standard assets) as at end December 2013 was 10.13 percent of gross advances of banks, Gandhi said.

"This is a cause of concern for the Reserve Bank", he said.

Why are NPAs increasing?

Gandhi highlighted that the NPA increases have been more pronounced in the case of public sector banks.

There are various factors affecting the asset quality of scheduled commercial banks adversely such as the current slowdown, global and domestic, persistent policy logjams, delayed clearances of various projects, aggressive expansion by corporates during the high growth phase etc...

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From thehindubusinessline News

Taliban says US troop withdrawal plan is ‘continued occupation’

The Taliban on Wednesday condemned President Barack Obama’s announcement that US troops would stay in Afghanistan until the end of 2016.

“Now that Obama has announced that he will keep around 10,000 troops until the end of 2016 and continue their occupation, Afghanistan Islamic Emirate condemns it and considers it a violation of sovereignty, religion and human rights,” said a statement, using the insurgents’ name for the country.

“We have always clearly expressed our stance that even if one American soldier is in Afghanistan, it is not acceptable to our nation and Jihad will continue against them.”..

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From indianexpress News

China pronounces 55 guilty in stadium in northwest

In a stadium filled with 7,000 people, a court in China’s restive northwest region has announced guilty verdicts for 55 people on charges of terrorism, separatism and murder.

It was a show of force as the government tries to display its determination to combat unrest in Xinjiang after 43 people were killed last week in an attack at a vegetable market in the regional capital, Urumqi.

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From washingtonpost News

Husband of Pregnant Pakistani Woman Beaten to Death Demands Justice

The husband of a pregnant Pakistani woman who was brutally beaten to death outside Lahore's High Court for marrying him against her family's wishes vowed Wednesday he would fight for justice.

Farzana Iqbal, 25, was attacked outside Lahore's grand high court building by more than two dozen brick-wielding assailants including her brother and father, who has been arrested, police said.

Three-months pregnant Iqbal had gone to testify in defence of her husband Muhammad Iqbal, who was accused by her relatives of kidnapping her and forcing her into the marriage.

Speaking to AFP by telephone from his home village of Jaranwala where had had gone to bury Farzana, Iqbal said: "We demand justice, we were being threatened since we got married."

The 45-year-old said he and his wife had survived a previous attack during the first hearing of the case on May 28.

"On Tuesday as we were going to court from our lawyer's office almost 30 people attacked us, including her father, brothers and cousins," he said.

The group of 10 or so people accompanying him were overwhelmed by the suddenness of the attack and fled in all directions, he said...

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From ndtv News