Airbus lost top spot to Boeing in 2012

TOULOUSE, France - European group Airbus lost its top spot as the world's biggest maker of airliners to the US giant Boeing last year, but did better than expected and sees big sales this year, it said on Thursday.Publishing results just as Boeing is hit by a crisis of confidence in its Dreamliner plane after a series of incidents, Airbus said that last year it delivered 588 aircraft to...

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India mulls huge increase in Rafale order, may buy up to 189 fighter jets

PARIS: India could buy up to 189 of the Rafale fighter jets currently being used by France to bomb Islamist militants in Mali, sources close to negotiations on the multi-billion dollar deal have told AFP. The possibility of an additional 63 jets being added to an expected order for 126 was raised during a visit by India's foreign minister Salman Khurshid to Paris last week, they said. "There is...

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6 Ways Climate Change Will Affect You

Photograph by AP Photo/Marcio Jose SanchezThe planet keeps getting hotter, new data showed this week. Especially in America, where 2012 was the warmest year ever recorded, by far. Every few years, the U.S. federal government engages hundreds of experts to assess the impacts of climate change, now and in the future. From agriculture (pictured) to infrastructure to how humans consume energy, the National...

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Notre Dame: Football Star Was 'Catfished' in Hoax

Notre Dame's athletic director and the star of its near-championship football team said the widely-reported death of the star's girlfriend from leukemia during the 2012 football season was apparently a hoax, and the player said he was duped by it as well.Manti Te'o, who led the Fighting Irish to the BCS championship game this year and finished second for the Heisman Trophy,...

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Panel makes recommendations to raise quality of financial advisory industry

SINGAPORE : Singaporeans planning to buy insurance products can look forward to paying lower costs. This comes after the Financial Advisory Industry Review Panel made a slew of recommendations to raise the quality and efficiency of the financial advisory industry.They include proposals aimed at lowering the distribution costs of insurance products. The panel reviewing the financial advisory...

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Hyundai to hike car prices from Feb 1 by up to Rs 20,000

NEW DELHI: Hyundai Motor India will increase prices of its vehicles by up to Rs 20,000 across all models by February 1. "On account of rise in input cost and fluctuation in currency, we will increase the prices up to Rs 20,000 by February 1, 2013 across all the models starting from Eon to Santa Fe SUV," Hyundai Motor India Ltd (HMIL) Vice President, Sales and Marketing Rakesh Srivastava said. The...

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Mars Rover Finds Intriguing New Evidence of Water

The first drill sample ever collected on Mars will come from a rockbed shot through with unexpected veins of what appears to be the mineral gypsum.Delighted members of the Curiosity science team announced Tuesday that the rover was now in a virtual "candy store" of scientific targets—the lowest point of Gale crater, called Yellowknife Bay, is filled with many different materials that could...

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NRA Ad Calls Obama 'Elitist Hypocrite'

Pablo Martinez Monsivais/AP PhotoAs the White House prepares to unveil a sweeping plan aimed at curbing gun violence, the National Rifle Association has launched a preemptive, personal attack on President Obama, calling him an “elitist hypocrite” who, the group claims, is putting American children at risk.In 35-second video posted online Tuesday night, the NRA criticizes Obama for accepting armed...

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Schumer to back Hagel as defense secretary

Sen. Charles E. Schumer (D-N.Y.) announced his support Tuesday for the nomination of former senator Chuck Hagel as Secretary of Defense, delivering a key vote for the Nebraska Republican’s confirmation after weeks of voicing doubt about his positions on security issues related to Israel and Iran. Schumer, the No. 3 Democrat and most senior Jewish senator, made the decision following a...

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Bidding showdown over F&N expected on Jan 21

SINGAPORE: A corporate shoot out over Fraser & Neave is expected on January 21.The Securities Industry Council (SIC) has said the final time by which TCC Assets or OUE Baytown can revise its offer is 5.30pm on January 21. Each party will either announce any revision to their current takeover bids or walkaway from the deal.In a statement issued on Tuesday, SIC said that "given that...

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