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| Thai army chief urges rivals to talk after declaring martial law | | By Amy Sawitta Lefevre BANGKOK (Reuters) - Thailand's army declared martial law nationwide on Tuesday to restore order after six months of street protests that have left the country without a proper functioning government, but insisted the surprise intervention was not a military coup. While troops patrolled parts of Bangkok and army spokesmen took to the airwaves, the caretaker government led by supporters of self-exiled former premier Thaksin Shinawatra said it was still running the country. Army chief General Prayuth Chan-ocha said the military had stepped in to restore order and build investor confidence, and warned that troops would take action against anyone who used weapons and harmed civilians. "We ask all sides to come and talk to find a way out for the country," Prayuth told reporters after meeting directors of government agencies and other high-ranking officials.
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| EU Commission charges HSBC, JPMorgan, Credit Agricole with rigging | | By Foo Yun Chee BRUSSELS (Reuters) - European Union antitrust regulators charged Europe's biggest bank HSBC, U.S. peer JPMorgan and France's Credit Agricole on Tuesday with rigging financial benchmarks linked to the euro, exposing them to potential fines. The European Commission also said it would charge broker ICAP soon for suspected manipulation of the yen Libor financial benchmark. U.S. and European regulators have so far handed down some $6 billion in fines to 10 banks and brokerages for rigging the London interbank offered rate (Libor) and its euro cousin Euribor while prosecutors have also charged 16 men with fraud-related offences. "The Commission has concerns that the three banks may have taken part in a collusive scheme which aimed at distorting the normal course of pricing components for euro interest rate derivatives," the EU competition authority said.
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| U.S. firms brace for China backlash over cyber spying charges | | | By Michael Martina and Matthew Miller BEIJING/SHANGHAI (Reuters) - U.S. technology companies will likely bear the brunt of soured ties between Beijing and Washington over internet security, after the U.S. Department of Justice charged five Chinese military officers with cyber espionage. U.S. equipment and software providers such as IBM Corp and Cisco Systems Inc have already seen their China sales drop after last year's revelations by former National Security Agency (NSA) contractor Edward Snowden of U.S. government spying. "The environment in China for U.S. technology companies is not very good right now, and this won't make it better," said James McGregor, chairman for advisory firm APCO China. "But if they're losing their intellectual property to cyber hacking they probably see this action as necessary and worrisome." IBM's China sales have fallen by a fifth or more for three straight quarters, the Armonk, NY-based firm reported in April. |
| China-U.S. cyber spying row turns spotlight back on shadowy Unit 61398 | | | By Adam Jourdan SHANGHAI (Reuters) - A tense stand-off between the United States and China over state-backed cyber espionage has dragged China's secretive hacking unit "61398" back into focus, after the military group was pinpointed last year for mounting cyber attacks on Western commercial targets. U.S. authorities on Monday charged five Chinese military officers at the unit, accusing them of hacking into American nuclear, metal and solar firms to steal trade secrets. China on Tuesday summoned the U.S. ambassador in Beijing and warned it would retaliate if Washington followed through with the charges. At the centre of the row is a nondescript tower block in the northern suburbs of China's financial capital Shanghai, home to Chinese People's Liberation Army (PLA) Unit 61398. |
| China confronts U.S. envoy over cyber-spying accusations | | By Sui-Lee Wee BEIJING (Reuters) - China summoned the U.S. ambassador the United States accused five Chinese military officers of hacking into American companies to steal trade secrets, warning Washington it could take further action, the foreign ministry said on Tuesday. The U.S. Ambassador to China, Max Baucus, met with Zheng Zeguang, assistant foreign minister, on Monday shortly after the United States charged the five Chinese, accusing them of hacking into American nuclear, metal and solar companies to steal trade secrets.
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| South Africa court sends Pistorius for 30 days of mental tests | | South African Olympic and Paralympic track star Oscar Pistorius was ordered on Tuesday to undergo a month of psychiatric tests to find out whether he was criminally responsible when he shot dead his girlfriend on Valentine's Day last year. Judge Thokozile Masipa told Pistorius he must report to Pretoria's Weskoppies hospital, one of South Africa's top mental institutions, as an outpatient for up to 30 days, starting on May 26. The evaluation would determine "whether the accused by reason of mental illness or mental defect was at the time of the commission of the offence criminally responsible for the offence he is charged and whether he was capable of appreciating the wrongfulness of his act". Pistorius, dressed in a black suit and tie, stood sombrely in the dock as Masipa read out the order before postponing the case to June 30.
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| Victorious Modi fights tears in first address to parliament | | By Shyamantha Asokan NEW DELHI (Reuters) - Narendra Modi fought back tears in an emotional first address to his party in parliament on Tuesday, after the Hindu nationalist swept to power in an election that has changed the face of politics in the country. Modi will be India's next prime minister after leading the Bharatiya Janata Party (BJP) to a historic victory in a ballot that ended on Friday. The win handed the BJP its first parliamentary majority and reduced the Nehru-Gandhi dynasty's ruling Congress party to 44 seats, the lowest ever tally for a party that won independence and has ruled for most of the 67 years since. He addressed BJP lawmakers filling more than half the seats of Lok Sabha with uplifting words that commentators immediately contrasted with the often wooden addresses of his predecessor Manmohan Singh.
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| Turkish miners down tools over disaster, eight suspects held | | | By Humeyra Pamuk SOMA Turkey (Reuters) - The main labour union in a Turkish town hit by the nation's worst mining disaster called on thousands of workers to down tools on Tuesday at mines run by the same operator until the sites have been properly inspected. Three hundred and one miners died last week after a fire in a mine in Soma, a small town 480 km (300 miles) southwest of Istanbul, fuelling anger in a nation which has long had one of the world's worst workplace safety records. |
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