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Yahoo

World - Swiss bank UBS reports rise in profit


GENEVA (AP) — Switzerland`s biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by strong results from its core wealth management business and trimmed-down investment banking franchises despite a tough market environment.


Tuesday, July 29, 2014  10:27

Yahoo

World - Doomed South Korean ferry boss`s driver turns himself in


The driver of the South Korean businessman wanted over the sinking of a ferry that killed more than 300 people in April turned himself in on Tuesday, potentially unlocking the mystery of the man`s final days after the disaster. Prosecutors in the port city of Incheon said the driver, Yang Hoe-jung, turned himself in at their office, which is leading the investigation into the role of businessman Yoo Byung-un in the sinking of the ferry Sewol. The trial of 15 surviving crew members, including the captain, resumed on Monday with evidence from some of the 75 teenagers who survived South Korea`s worst maritime disaster. Yang is thought by authorities to have been with Yoo, the head of a family that ran a network of companies that included the ferry operator, in the days before his body was found by a farmer at an orchard on June 12.


Tuesday, July 29, 2014  04:07

Yahoo

World - Swiss bank UBS reports 2Q net profit jump


GENEVA (AP) — Swiss banking giant UBS AG has reported a 15 percent jump in second-quarter net profit from a year ago, driven by strong results from its core wealth management and trimmed-down investment banking franchises despite a tough market environment.


Tuesday, July 29, 2014  07:06

Yahoo

World - NHC says 50 percent chance of cyclone off Cape Verde Islands


(Reuters) - A storm system located about 850 miles (1,365 km) west-southwest of the Cape Verde Islands has a 50 percent chance of becoming a tropical cyclone during the next 48 hours, the U.S. National Hurricane Center (NHC) said on Monday in its latest update. A tropical depression could form during the next several days while the system moves generally westward or west-northwestward at 10 to 15 miles per hour (16 to 24 km per hour), the Miami-based weather forecaster said. (Reporting by Vijaykumar Vedala in Bangalore; Editing by Lisa Shumaker)


Tuesday, July 29, 2014  00:46

USATODAY

World - Japanese girl charged with decapitating friend (Newser)


A 16-year-old Japanese girl described by friends as emotionally unstable has been charged with bludgeoning and decapitating a 15-year-old friend, telling police `I did it all by myself,` the Japan News reports.


Monday, July 28, 2014  23:00

Yahoo

World - NHC says 70 percent chance of cyclone in mid-Atlantic


(Reuters) - An area of low pressure located in the mid-Atlantic ocean, about 1,000 miles (1600 km) west-southwest of the Cape Verde Islands, has a high, or 70 percent chance, of becoming a tropical cyclone during the next 48 hours, the U.S. National Hurricane Center (NHC) said on Tuesday in its latest update. `A tropical depression could form during the next day or so while the system moves westward or west-northwest ward at 10 to 15 miles per hour (16-24 kph),` the Miami-based weather forecaster said. (Reporting by Anupam Chatterjee in Bangalore; Editing by Sunil Nair)


Tuesday, July 29, 2014  11:21

Yahoo

World - Eurostar to launch London-Marseille service in 2015


High-speed cross-Channel train operator Eurostar said Tuesday it will launch direct services from London to the southern French port city of Marseille from May 1 next year. The train will make stops at Lyon in eastern France and Avignon. It will take four and a half hours to Lyon, six hours to Avignon and about six hours and 15 minutes to Marseille. Lyon is widely regarded as France`s gastronomic capital while Avignon hosts the country`s best known theatre festival in July.


Tuesday, July 29, 2014  11:07

BBC

Asia-Pacific - Australia approves $15.5bn coal mine


Australia approves a $15.5bn (£9bn) coal project despite concern over its potential environmental impact, including on the Great Barrier Reef.


Tuesday, July 29, 2014  08:41

Yahoo

World - California drought dries up plans for historic gold rush celebration


By Shawn Hubler SACRAMENTO Calif. (Reuters) - California`s drought has claimed yet another historic casualty in this parched capital city - the annual heritage celebration known as Gold Rush Days. Staged for the past 15 years by tourism groups who turn the city`s Old Sacramento district into a dirt-paved scene from the 1850s, the Labor Day weekend tradition was canceled on Monday due to concerns about water use and fire. Steve Hammond, president and chief executive officer of the Sacramento Convention & Visitors Bureau, said that up to 3,000 gallons of water typically are used daily to dampen the tons of dirt strewn over the streets to create a soft surface for horses, wagons and stunt performers.


Tuesday, July 29, 2014  00:19

Yahoo

World - US teen held in Israel after arrest at protest


WASHINGTON (AP) — The U.S. is confirming that a 15-year-old American citizen is being held by Israeli authorities for his alleged role in protests earlier this month in East Jerusalem.


Monday, July 28, 2014  23:39

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