Ship carrying iron ore sinks off India’s east coast

Bhubaneswar, September 10: A cargo ship carrying around 25,000 tonnes of iron ore capsized off India’s east coast on Wednesday evening and a crew member is missing, a senior port official said.

The vessel, operating under a Mongolian flag, capsized 5-6 km (3-4 miles) off the harbour area after it had loaded iron ore at Paradip port in the state of Orissa, the port’s Deputy Chairman Biplav Kumar said.

“Of the total 27 crew members, 26 have been rescued,” he said, adding the accident had not disrupted shipping traffic.

Kumar did not say why the ship sank.

US voices bomb fears as Iran submits proposals

Vienna, September 10: Iran may have enough nuclear material to put together an atomic bomb, the United States said Wednesday, as Tehran submitted proposals to resolve the international standoff.

While the head of the UN nuclear watchdog sought to downplay fears over Iran’s nuclear programme, the US envoy to the International Atomic Energy Agency (IAEA) said Iran’s enrichment drive was moving closer to “breakout capacity”.

80 killed in Sierra Leone boat wreck: police

Freetown, September 10: A boat carrying children in Sierra Leone back from their school holidays capsized in a heavy storm off the capital Freetown, killing at least 80 of its 150 passengers, police said on Wednesday.

Emergency services rescued 36 people and were continuing the search for more survivors from the wreck on Tuesday, federal police spokesman Ibrahim Samuro told reporters.

“The rest are still missing. The vessel cannot be traced,” Samuro said of the search effort off the coast by Freetown’s Tombo suburb.

Heaviest rains in 80 years kill 31 in Turkey

Istanbul, September 10: Flash floods killed 31 people in northwest Turkey, sweeping through the city of Istanbul, swamping houses, turning highways into fast-flowing rivers and drowning seven women in a minibus that was taking them to work.

Twenty-four died in Istanbul, Turkey’s largest city, after two days of the heaviest rain in 80 years produced sudden flood waters which engulfed low-lying areas.Another seven died in Saray, west of Istanbul, five of whom were from the same family.

NASA unveils first images from revamped Hubble

Washington, September 10: NASA scientists on Wednesday unveiled the first images taken by a revamped Hubble telescope, providing even crisper pictures of distant stars and galaxies.

The colourful images provide a taste of the Hubble’s new capability after a servicing mission in May that installed new instruments and repaired broken ones that had hampered the world’s most famous telescope.

Obama makes case for big US healthcare changes

Washington, September 10: U.S. President Barack Obama readied a high-stakes plea for healthcare reform on Wednesday, as a Senate Democrat leading bipartisan negotiations said he was ready to push ahead even without Republican support.

Faced with falling public approval ratings, Obama said his televised address to the U.S. Congress at 8 p.m. EDT (0000 GMT) would provide Americans with “a much more detailed plan” for overhauling the $2.5 trillion U.S. healthcare system in the face of bitter differences.

US maritime agency warns ships of increased piracy

Washington, September 10: The U.S. government warned mariners on Tuesday to expect an increase in piracy off the Horn of Africa and in the Indian Ocean and counseled seamen on U.S.-flagged ships to be prepared to defend against boarders.

An advisory from the Maritime Administration said increased piracy can be expected because the monsoon has ended in the area off eastern Africa, and pirates from lawless Somalia will have easier access to passing ships.

Gold futures hit USD 1,000

Tokyo, September 08: Asian shares touched their highest level in a year on Tuesday, while gold futures hit USD 1,000 an ounce for the first time in six months on investor concerns about the sustainability of the global economic recovery.

With no direction from US markets due to Monday’s Labour Day holiday, it was a mixed start for Asian markets, with Australian shares climbing as a flurry of deals lifted hopes for a pick-up in merger activity, while Shanghai stocks were dampened by profit-taking.

Mahindra Satyam to allot 1,02,566 shares

Mumbai, September 08: IT firm Mahindra Satyam, on Tuesday said its board has approved the allotment of 1,02,566 equity shares under the company’s stock option plans.

The board of directors of the company has allotted 1,02,566 equity shares under stock option plans, Mahindra Satyam (earlier known as Satyam Computer Services) said in a filing to the Bombay Stock Exchange.

Earlier on July 13, the company’s board had allotted 45,222 equity shares under stock option plans of the company.

–Agencies

Govt may complete FY10 borrowing by Feb end: Official

New Delhi, September 08: The government may complete its record Rs 4.51 trillion borrowing plan for FY10 by the end of February, a Finance Ministry official said on Tuesday.

The government may reduce the size of its weekly auctions to an initial Rs 100 billion in the second half of the current fiscal year ending March 2010, the official, who did not wish to named, told reporters.

The government’s cash position is satisfactory now and there is no need to issue cash management bills in the near future, the official said.

India most optimistic on hiring plans for fourth quarter

New Delhi, September 08: India has again emerged as the most bullish country in terms of hiring plans, with 25 per cent of the employers intending to recruit people in the next three months.

Wholesale and retail trade along with finance, insurance and real estate sectors are among the most optimistic when it comes to hiring intentions.

Global staffing services firm Manpower has said India has a net employment outlook — a measure of recruiting plans — of 25 per cent for the fourth quarter of 2009, the highest among 35 countries surveyed.

Imports of sensitive items up by 40.6% in Apr-June 2009-10

New Delhi, September 08: Imports of milk and milk products saw a huge jump of 316.2 per cent and that of refined edible oil 168.2 per cent in April-June, pushing the inbound shipment of sensitive items up by over 40 per cent during the period.

Edible oil, milk and milk products fall in the sensitive items category and their imports are monitored by the government to ensure they are not causing any adverse impact on domestic firms, particularly small and medium.

Oil market stable and healthy: Saudi minister

Vienna, September 08: The oil market is “very stable and healthy” and the current is price “good for everybody,” Saudi Oil Minister Ali al-Naimi said on arriving in Vienna on Tuesday ahead of a meeting of the OPEC crude cartel.

“The market is in very good shape, very well-supplied,” Naimi told reporters. “The price is good for everybody, consumer (and) producer,” hovering recently between 68 and 73 dollars per barrel, he added.

More failures likely for Europe’s low-cost carriers: Analysts

Paris, September 08: Failed Slovakian low-cost carrier SkyEurope could be just the first casualty among the smaller airlines finding it difficult to survive one of the worst slumps on record, analysts said.

“End of summer, early autumn, is a likely time for airlines to shut down. There are going to be more,” said Nick Cunningham of Evolution Securities.

“This winter is going to be very hard with very weak traffic and even weaker yields,” Cunningham said.

“If you think an airline is not going to be viable, then you shut it down. There is no point” in continuing to run it, he added.

Oil rises in Asian trade on improved sentiment

Singapore, September 08: Oil extended its rise in Asian trade on Tuesday, lifted in part by improved investor
sentiment about the global economy’s recovery prospects, analysts said.

Comments by oil kingpin Saudi Arabia that the market was “very stable and healthy” were also seen providing support to prices, they said.

New York’s main contract, light sweet crude for October delivery firmed 20 cents to USD 68.22 a barrel.

Brent North Sea crude for October delivery put on 37 cents to USD 66.90.

US satisfied with Pak’s nuclear security: Gates

Washington, September 08: The United States is satisfied with the security of Pakistan’s nuclear arsenal, US Defence Secretary Robert Gates said in an interview aired on Monday, calling the arrangements in place “sufficient and adequate.”

“I’m quite comfortable that the security arrangements for the Pakistani nuclear capabilities are sufficient and adequate,” Gates said in an interview with Al Jazeera, the Qatar-based satellite news channel, according to a transcript.

Allegations of fraud mar Afghan vote; US,UN call for probe

Kabul, September 08: Expressing serious concerns over the allegations of ballot box stuffing, voter intimidation and other fraud coming from all corners of Afghanistan, the UN and the US have called for a probe into last month’s Presidential Elections.

An Associated Press examination of returns shows what officials said Monday appear to be highly suspicious — and improbable — results.

Taliban militants attack students in Pakistan, 4 killed

Peshawar, September 08: Taliban militants attacked a group of high school students on their way to school in northwest Pakistan on Tuesday, killing four of them and wounding three, a government official said.

The students were apparently attacked because they were minority Shi’ite Muslims.

Two civilians dead in Kabul airport attack: Officials

Kabul, September 08: Two Afghan civilians were killed Tuesday in a suicide attack on Kabul’s military airport which also injured three international soldiers, officials and the military said.

A suicide attacker targeted Kabul’s military airport this morning, an officer with the International Security Assistance Force (ISAF) said.

“It was a suicide attack outside the main gate of the military base at the airport,” Colonel Koziel Bart told reporters.

“All the gates of the base have been closed and all air operations have been suspended,” he said.

Greek national abducted in Pakistan

Islamabad, September 08: A Greek national has been abducted in Pakistan’s North West Frontier Province by unidentified gunmen who shot dead his bodyguard, reports said Tuesday.

Islamabad: A Greek national has been abducted in Pakistan’s North West Frontier Province by unidentified gunmen who shot dead his bodyguard, reports said Tuesday.

–Agencies

Bugti’s son moves HC seeking registration of case against Mush

Islamabad, September 08: A petition seeking registration of police case against former President Pervez Musharraf and his close aides for “assassination” of Baloch nationalist leader Nawab Akbar Bugti was filed Tuesday in Balochistan’s High Court, four days after a similar plea was dismissed by a lower court.

Bugti’s son Nawabzada Jamil Akbar Bugti filed the petition requesting the High Court to direct police to register a case against Musharraf, former premier Shaukat Aziz, ex-Interior Minister Aftab Ahmed Khan Sherpao and the then Balochistan Governor Owais Ahmed Ghani.

Defiant Israel approves settlements boost

Jerusalem, September 08: Israel on Monday gave the go-ahead to build hundreds of new homes in settlements in the occupied West Bank, defying warnings that the move jeopardises any resumption of Middle East peace talks.

Defence Minister Ehud Barak authorised the construction of 455 units, most of them in the large settlement blocs that Israel has said it wants to keep in the event of a final peace agreement.

Brazil, France sign multi-billion dollar arms pact

Brasilia, September 08: Brazil and France have signed a major arms pact worth billions of dollars that includes transfer of key military technologies, building of submarines and purchase of helicopters.

The agreement was sealed after a meeting between French President Nicolas Sarkozy and his Brazilian counterpart Luiz Inacio Lula da Silva here Monday.

The pact will allow the two countries to share key military technologies, including building of five submarines, one of which is nuclear-powered, in the country, as well as the purchase of 50 EC-725 helicopters by Brazil.

Three guilty of bomb plot bigger than 9/11

London, September 08: Three men have been found guilty of plotting to kill thousands of people by blowing up planes flying from London to America with home-made liquid bombs.

A Woolwich Crown Court jury convicted Abdulla Ahmed Ali, 28, Tanvir Hussain, 28, and Assad Sarwar, 29, of conspiring to activate bombs disguised as drinks.

Four other men were found not guilty of involvement in the suicide bomb plot.

The men’s arrests in August 2006 led to new airport restrictions on liquids and brought chaos to travellers.

Indonesia’s tough anti-terror plan under fire

Jakarta, September 08: A push by Indonesia to dramatically toughen its approach to fighting Islamist militants has come under fire as a threat to human rights that could ultimately reverse gains in tackling extremists.

The security ministry has asked lawmakers for sweeping amendments to strengthen the hand of the state under the country’s 2002 anti-terror law, rushed into effect after bombings in Bali that year that killed 202 people.