India News

Davos Report: Business Leaders Warn Regulations May Crimp Recovery

Global business leaders warned Western governments on Wednesday that a populist crackdown on the financial industry could crimp a fragile recovery from the worst recession since the 1930s. The worried response to U.S. President Barack Obama’s plans to tax and …

Alabama Motel Owner Sued Over Fire Deaths

A wrongful death lawsuit contends a Hoover motel owner and maintenance man are to blame for the deaths of four Mississippi college students in a fire earlier this month. The lawsuit, filed in Jefferson County Circuit Court by by parents …

IPCC Acknowledges Himalayan Glacier Error; Defends Overall Assessment

The Intergovernmental Panel on Climate Change has admitted that its Fourth Assessment Report contained an error – in one paragraph of the 938 page document – in asserting that global warming could cause the glaciers in the Himalayan mountain ranges …

Connolly Joins Miller Energy Unit

London-based Miller Insurance Services Limited announced that Brian Connolly has joined its Energy, Property & Casualty business unit. He has more than 30 years’ experience in the insurance market, previously as an underwriter and since 1992 as a broker, “in …

Cargo Ship and Tanker Hijacked off Somali Coast

A cargo ship and a chemical tanker have both been hijacked by pirates in the perilous waters off the coast of Somalia, bringing to four the number of ships seized in the past week, officials said Saturday. The multiple hijackings …

Munich Re CEO Slams Copenhagen Failure; Calls for ‘Small Party’ Talks

Munich Re’s CEO Nikolaus von Bomhard issued a statement on the reinsurer’s web site that left no doubt concerning the disappointment he (and the Group) feel following the failure of the UN’s Copenhagen Climate Conference to achieve any major agreement. …

Special Reuters Report: America’s Route to Recovery

When Bob Hagan was a boy in Youngstown, Ohio, people equated the coke dust they swept off their doorsteps each day with opportunity, for it came from the steel mills that built this city. After graduating from high school more …

Somali Pirates Receive $4 Million Ransom for Chinese Coal Ship

A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate source on board the vessel said. The De Xin Hai and its 25 …

Europe Feels Left Out in Cold on Climate Change Deal

It’s a climate deal that has Europe feeling left out in the cold. The continent that used to take the lead in advocating climate action is now taking the lead in climate complaining. And it’s not just upset with the …

U.N. Climate Talks End ‘With a Bare Minimum’ Agreement

U.N. climate talks ended with a bare-minimum agreement Saturday, Dec.19, when delegates “noted” an accord struck by the United States, China and other emerging powers that falls far short of the conference’s original goals. “Finally we sealed a deal,” U.N. …