Co. Paying Just $1,200 for Each Factory Fire Life

A company that makes clothes for Sean Combs' clothing brand ENYCE and other U.S. labels reassured investors that a factory fire that killed 112 people over the weekend would not harm its balance sheet, and also pledged to pay the families of the dead $1,200 per victim.In an announcement Monday, Li & Fung Ltd., a middleman company that supplies clothes from Bangladesh factories...

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Euro zone, IMF reach deal to cut long-term Greek debt

BRUSSELS (Reuters) - Euro zone finance ministers and the International Monetary Fund clinched agreement on reducing Greece's debt on Monday in a breakthrough to release urgently needed loans to keep the near-bankrupt economy afloat. After 12 hours of talks at their third meeting in as many weeks, Greece's international lenders agreed on a package of measures to reduce Greek debt by 40...

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Property tax rebate for most HDB flat owners

SINGAPORE: All one- and two-room owner-occupiers of HDB homes do not need to pay property tax in 2013, similar to 2012. For a majority of other HDB flat types, the property tax bill for 2013 will increase by between S$40 and $50, after taking into account a new S$40 rebate.The increase in property tax comes after the revision of Annual Values (AVs) of HDB flats with effect from 1 January...

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Akhilesh Yadav government wants to withdraw charges against 15 terror accused

NEW DELHI: The UP government plans to drop terrorism charges in 'public interest' against 15 under-trials accused of killing 43 people in all.Three days ago, the Allahabad high court had slammed the UP government for its attempt to withdraw prosecution against a Muslim cleric named Waliullah and his associate Shameem, who were charge-sheeted for the Varanasi blast in 2006 that left 21 people dead....

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AP PHOTOS: Simple surgery heals blind Indonesians

PADANG SIDEMPUAN, Indonesia (AP) — They came from the remotest parts of Indonesia, taking crowded overnight ferries and riding for hours in cars or buses — all in the hope that a simple, and free, surgical procedure would restore their eyesight.Many patients were elderly and needed help to reach two hospitals in Sumatra where mass eye camps were held earlier this month by Nepalese surgeon Dr. Sanduk...

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GOP Starting to Rebel Against No-Tax-Hikes Pledge

With the fiscal cliff looming for the United States, some Republican members of Congress said today they are ready to break a long standing pledge not to raise taxes."The only pledge we should be making to each other is to avoid becoming Greece. And Republicans should put revenue on the table," South Carolina Sen. Lindsey Graham said on ABC's "This Week."Read more of the discussion...

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Egypt's Mursi to meet judges over power grab

CAIRO (Reuters) - Egyptian President Mohamed Mursi will meet senior judges on Monday to try to ease a crisis over his seizure of new powers which has set off violent protests reminiscent of last year's revolution which brought him to power. Egypt's stock market plunged on Sunday in its first day open since Mursi issued a decree late on Thursday temporarily widening his powers and shielding...

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S'pore's industrial output falls more than expected in Oct

SINGAPORE: Singapore manufacturing output fell more than expected in October as production of electronics and pharmaceuticals slipped.Output fell 2.1 per cent in October from the same month the previous year, led by declines of 6.0 per cent and 11.7 per cent respectively in the electronics and biomedical sectors.Economists had forecast a year-on-year drop in total manufacturing output...

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AP PHOTOS: Simple surgery heals blind Indonesians

PADANG SIDEMPUAN, Indonesia (AP) — They came from the remotest parts of Indonesia, taking crowded overnight ferries and riding for hours in cars or buses — all in the hope that a simple, and free, surgical procedure would restore their eyesight.Many patients were elderly and needed help to reach two hospitals in Sumatra where mass eye camps were held earlier this month by Nepalese surgeon Dr. Sanduk...

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After Sandy, World Hopes to Hear New US Voice on Climate Change

During a year with a monster storm and scorching heat waves, Americans have experienced the kind of freakish weather that many scientists say will occur more often on a warming planet.And as a re-elected president talks about global warming again, climate activists are cautiously optimistic that the U.S. will be more than a disinterested bystander when the U.N. climate talks resume...

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