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Business and economy Bank of Moscow, the fifth largest bank in Russia, in record bailout of $14 billion, after the discovery that almost a third of the bank's assets are "problematic," the Central Bank of Russia said. (BBC) (Moscow Times) A Bank of Japan survey shows that business confidence has fallen markedly since the 2011 TÅhoku earthquake and tsunami. (Washington Post) Manufacturing ...
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Disasters Asiana Airlines Flight 991 crashes in the Pacific Ocean, near Jeju Island, South Korea, killing 2 onboard. (France24) At least 57 people are dead and 12 are confirmed missing in the Seoul and Siheung region of South Korea due to landslides caused by heavy rain. (CTV News) (News Limited) (The Weather Network) At least 17 people are killed and 30 injured after a truck collides with a ...
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Business and economy European sovereign debt crisis: Eurozone finance ministers agree to give a further €12 billion over the next two weeks to Greece as it fights bankruptcy. (BBC) (Al Jazeera) Australia's Civil Aviation Safety Authority grounds all Tiger Airways flights in the country until July 9 due to a range of safety concerns. (AAP via The Sydney Morning Herald) Disasters 3 coal miners ...
Business and economy Cisco Systems announces plans to cut 11,500 jobs including transfer of a plant employing 5,000 people in Juarez, Mexico, to Foxconn. (CNBC) [permanent dead link ] Disasters The eastern United States will have a heat wave this week which has already commenced in the Plains States and Midwest. (USA Today) The U.S. city of Phoenix, Arizona, is hit by a haboob or dust storm ...