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| SEBI orders ex-Satyam execs to pay $300 million | |  MUMBAI (Reuters) - India's market regulator on Tuesday ordered five former executives of Satyam Computer Services to pay about 18.5 billion rupees ($307.72 million) because of alleged 'wrongful gains' in share transactions. Satyam shocked investors in 2009 with revelations that the firm's profits had been overstated for years and assets falsified. The Securities and Exchange Board of India (SEBI) accused the former Satyam executives of accruing illegal gains in share transactions through "fraudulent acts, omissions and illegal transactions. ...
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| Airshow - Eurofighter Typhoon to get advanced radar contract by year end | |  By Sarah Young FARNBOROUGH, England (Reuters) - A contract to develop an advanced form of radar for the four nation-backed Eurofighter Typhoon jet should be signed later this year, Eurofighter's CEO said, raising hopes that the fighter could secure further orders. Radar issues contributed to the Eurofighter consortium losing out on a $20 billion deal to sell 126 jets to India in 2012 and experts have said that equipping the new radar system to the fighters would help sell more of them. The consortium of Britain, Germany, Italy and Spain, have funded the initial development of the advanced radar, called E-scan, but a new contract is needed to ready the product so it can start to be fitted onto the fighter jets. "We are extremely confident that this is going to be more or less before year end," Eurofighter chief executive Alberto Gutierrez said of the contract at a press conference at the Farnborough Airshow on Tuesday.
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| Over 25 killed in Nigeria militant attack, government air strike | | | By Lanre Ola MAIDUGURI Nigeria (Reuters) - At least 26 people were killed when suspected Islamist Boko Haram militants stormed a village in northeast Nigeria and a government warplane opened fire to repel the attackers, local residents and a security source said on Tuesday. The warplane strafed Boko Haram fighters fleeing in pick-up trucks after raiding Dille, near Lassa in the south of Borno State, for several hours on Monday. "I counted 26 corpses yesterday evening," one of the residents, Dauda Illiya, told Reuters. Nigeria's defence headquarters in Abuja did not respond to a request for comment on the incident, but a security source in Borno State confirmed the deployment of the military plane. |
| Car bomb attack kills at least 89 in Afghanistan | | | By Samihullah Paiwand GARDEZ, Afghanistan (Reuters) - A car packed with explosives exploded on Tuesday as it sped through a crowded market in Afghanistan's eastern province of Paktika, killing at least 89 people, officials said, one of the most violent attacks in the country in a year. The huge explosion took place not far from the porous border with Pakistan's North Waziristan region, where the military has been attacking hideouts of the Pakistani Taliban in the past few weeks, prompting militants to retreat towards Afghanistan. The attack comes at an uneasy time in Afghanistan as the country recounts votes from a disputed presidential election which the Taliban have vowed to disrupt. "The truth behind this attack will become clear after an investigation, but we clearly announce that it was not done by the Mujahedeen of the Islamic Emirate of Afghanistan," Zabihullah Mujahid, a Taliban spokesman, said in a statement. |
| UK's Cameron turns to women and anti-EUers in major ministerial shake-up | |  By Andrew Osborn and Guy Faulconbridge LONDON (Reuters) - British Prime Minister David Cameron on Tuesday pushed through his biggest government shake-up since coming to power in 2010, promoting women and Eurosceptics to senior roles ahead of a national election in May next year. In one surprise development, William Hague, Britain's most senior diplomat for the past four years, voluntarily stood down allowing Cameron to appoint Philip Hammond, the defence minister and a prominent Eurosceptic, to the influential post. In another, Michael Gove, a longstanding Cameron ally and one of his party's most prominent right-wing ideologues, was sacked as education secretary. Hammond's appointment immediately stoked speculation that Cameron, the leader of the ruling Conservative party, was trying to give his part of the coalition government a more Eurosceptic flavour to please a vociferous wing of his own party and to counter an electoral threat from the anti-EU UK Independence Party which won European elections in Britain in May. The choice of Hammond sends a powerful signal to Britain's European allies.
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| Iraq army launches Tikrit offensive, politicians elect speaker | |  Iraq's army and Shi'ite militia forces launched an assault on Tuesday to retake the city of Tikrit from Islamist militants as parliamentarians in Baghdad prepared to vote for a new speaker, a possible step towards breaking months of political deadlock. The Defence Ministry said ground troops backed by air support began their offensive at dawn against insurgents, led by the al Qaeda offshoot the Islamic State, who have held Tikrit since mid-June. If the army and its militia allies retake Tikrit, hometown of Saddam Hussein, it would be the first insurgent-held city to switch back to government control since Iraq's latest crisis erupted last month.
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| Russia demands United States releases accused hacker immediately | | | The Russian Foreign Ministry said on Tuesday it had issued an official protest to the United States demanding immediate release of a Russian citizen detained last week on hacking charges. Moscow accused Washington of kidnapping Roman Seleznev who was detained at an airport in the Maldives and accused of hacking into U.S. retailers' computer systems to steal credit card data. "From our side, we stressed the unacceptability of such actions which are a flagrant violation of the legitimate rights and interests of the Russian citizen, who was in fact kidnapped from the territory of a third country," the Foreign Ministry said in a statement. "We again demanded the immediate release of Roman Seleznev, providing him with adequate medical care and in general respecting his legal rights and interests," the ministry said. |
| Bangladesh collapsed building owner to be charged in construction case | | | Bangladesh's anti-graft agency will file charges against the owner of a building that collapsed last year killing more than 1,130 people, most of them garment workers, in a construction violation case, an agency spokesman said on Tuesday. The April 2013 collapse of the Rana Plaza, built on swampy ground outside Dhaka, ranks amongst the world's worst industrial accidents and sparked a global outcry for improved safety in the world's second-largest exporter of ready-made garments. Last month, the Anti-Corruption Commission (ACC) filed a case with police accusing 17 people of breaching regulations over the construction of the building. "Rana's name will be included in the charge sheet as his involvement has been found in a further investigation," commission spokesman Pranab Kumar Bhattachajee told Reuters. |
| Cambodian police and opposition supporters clash, dozens hurt | |  Cambodian opposition supporters tried to re-open a protest site on Tuesday in defiance of a ban on political gatherings and dozens of people were hurt in clashes with police and three opposition members of parliament were detained. The skirmishes near the capital's Freedom Park were the latest unrest since a disputed election a year ago which the government of long-serving Prime Minister Hun Sen said it won despite surprising opposition gains. The park was the only place in Phnom Penh where protests were allowed until it was closed in January after supporters of the opposition Cambodia National Rescue Party (CNRP) held a protest there aimed at toppling Hun Sen. Phnom Penh municipality spokesman Long Dimanche said three CNRP lawmakers including Mu Sochua, a party leader, were taken into police custody after their supporters attacked guards who prevented them from re-opening the park.
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| Chinese city bans, destroys matches to fight terror | | | A city in China's violence-prone far western region of Xinjiang has banned matches and destroyed more than 20,000 boxes of them as part of efforts to fight terror attacks, a state-run newspaper said. Fukang, which sits near regional capital Urumqi, decided to remove all matches from circulation to ensure they are not used by "terrorist groups or individual extremists to carry out criminal activities", the People's Daily said on its website. China has been toughening its response after a spate of bloody incidents nationwide centred on Xinjiang, the traditional home of the Muslim Uighurs. China has blamed attacks on Islamist separatists in the region, who, it says, want to establish an independent state there called East Turkestan. |
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