India tops in originating spam, phishing in Asia: Report

BANGALORE – Hackers have kept pace with India’s leap into the internet world, making the country number one in Asia for originating the highest number of spams and phishing, says a study by global security solutions provider Symantec.

“India ranked first in the Asia-Pacific and Japan region and third highest in the world as the originating …. Source  : Gaea News Network.

Texans owner says Cushing had “issue” with league; AP to take revote on rookie award

Texans owner: More info needed on suspensions

NEW YORK – Houston Texans owner Robert McNair says he’d like more information to be provided to the team when a player has a league suspension pending.
McNair said Monday he knew during the 2009 season that linebacker Brian Cushing had “an issue” with the NFL. McNair was given no … Read more >>>.

China inflation rises as food costs jump; Chinese stocks fall on fears of credit clampdown

China inflation rises as housing, food costs jump

BEIJING – China’s inflation accelerated in April, triggering a selloff in Chinese stocks Tuesday on fears of overheating and a possible credit clampdown by Beijing that might slow the country’s economic recovery.
April consumer prices rose 2.8 percent from a year earlier, below Beijing’s full-year target of 3 percent … Read more »»».

German government approves its share of $1 trillion rescue package to bolster the euro

German govt approves share of euro rescue package

BERLIN – The German government says it has approved the country’s contribution to the $1 trillion rescue package for the euro.
A government official told The Associated Press on Tuesday that the cabinet adopted plans for legislation promising German guarantees for at least euro123 billion ($157 billion) in loans …. Read the original article  : German government approves its share of $1 trillion rescue package to bolster the euro.

World stocks fall as rally after EU debt bailout fizzles out

World stocks fall as EU bailout rally peters out

SINGAPORE – World stocks fell Tuesday as a relief rally triggered by a $1 trillion plan to contain Europe’s debt crisis fizzled out.
Europe opened lower and most Asian markets couldn’t sustain gains for a second day running after initially trading higher following Monday’s broad advance.
As elation faded … Read : World stocks fall as rally after EU debt bailout fizzles out.

UAE to host aviation search and rescue forum

Abu Dhabi, May 11 (IANS/WAM) The United Arab Emirates (UAE) will host the International Civil Aviation Organisation (ICAO) Global Civil Aviation Search and Rescue Forum here June 21-22.

The UAE General Civil Aviation Authority (GCAA) will host the forum in cooperation with the ICAO.
“The outcomes of this international civil aviation search and rescue forum will … Original article on : UAE to host aviation search and rescue forum.

Hitachi narrows annual loss from record red ink on cost cuts, sees first profit in 5 years

Hitachi trims annual loss, sees return to profit

TOKYO – Hitachi Ltd., which makes everything from home appliances to nuclear reactors, narrowed its annual loss from record red ink the previous year and forecast it would return to profit for the first time in five years.
The Japanese manufacturer said Tuesday its net loss was 106.9 billion … Read the original article on Gaea Times at : Hitachi narrows annual loss from record red ink on cost cuts, sees first profit in 5 years.

Liberal Democrat leader Nick Clegg says anxious to resolve Britain’s political impasse

Britain: Clegg ‘impatient’ to resolve impasse

LONDON – Liberal Democrat leader Nick Clegg says he is anxious to resolve Britain’s political impasse and hopes his party can make an announcement on its decision as quickly as possible.
Speaking outside his London home on Tuesday, Clegg said he is “as impatient as anyone else to resolve matters one [..] Read the original article: here.

Spain closes airports in Canary Islands, Seville and Jerez because of volcanic ash

Volcanic ash closes 7 Spanish airports
MADRID – Spanish authorities say seven airports are closed because of ash from the volcano in Iceland.

The Spanish National Airport Authority says airports in the Canary islands of Tenerife, La Palma and La Gomera are closed since 5 a.m. (0300 GMT, 11 p.m. EDT Monday) Tuesday, likely affecting dozens of … Read more >>.

Oil falls to near $76 a barrel in Asia as euro drops day after $1 trillion bailout plan

Oil falls to near $76 a barrel as traders eye euro

SINGAPORE – Oil prices fell to near $76 a barrel Tuesday in Asia after investor euphoria over a $1 trillion European debt bailout evaporated and the euro weakened.
Benchmark crude for June delivery was down 63 cents to $76.17 a barrel at late afternoon Singapore time … Read more >>.

Britain’s Brown waited a decade for a chance to lead, but says he’ll go for the country’s good

Brown waited a decade for chance to lead
LONDON – Gordon Brown has been Britain’s prime minister for nearly three years, but never really settled into the job he’d long coveted.

Before Brown moved into 10 Downing Street, he was both Tony Blair’s loyal treasury chief and the discontented shadow who lurked behind him. In the end, … Read more »»».

Kan. House approves bill raising state’s sales tax to bolster budget, sending it to governor

Kan. House passes sales tax hike, sends it to gov.

TOPEKA, Kan. – An increase in Kansas’ sales tax cleared the Legislature early Tuesday morning, a change that will force consumers to pay more for groceries and other items to protect public schools and government services from cuts.
The House voted 64-61 for a bill boosting the … Read more >>.

Toyota cruises back into the black in latest quarter with $1.2 bln profit amid sales recovery

Toyota quarterly profit $1.2 bln as sales recover

TOKYO – Toyota cruised back to profit in the latest quarter as the world’s top carmaker cut costs and hitched a ride on the global auto sales recovery while fighting to salvage its reputation for quality.
Toyota Motor Corp. said Tuesday that January-March profit totaled 112 billion yen ($1.2 …. Read the original article  : here.

Emami plans big foray into Africa in cash crops, power

KOLKATA – Indian personal care and ayurvedic medicines major, the $165- million Emami group, is making a big foray into Africa not just in their traditional lines of businesses but also in contract farming and power generation, a top official has said.

“In Ethiopia, Emami Biotech has been allotted 100,000 acres of land by the Investment … Read : Emami plans big foray into Africa in cash crops, power.

Toyota reports profit for January-March quarter, marking reversal from deep losses a year ago

Toyota reports profit for January-March quarter

TOKYO – Toyota cruised back to profit in the latest quarter as the world’s top carmaker cut costs and hitched a ride on the global auto sales recovery while fighting to salvage its reputation for quality.
Toyota Motor Corp. said Tuesday that January-March profit totaled 112 billion yen ($1.2 billion) compared … Read this article on Gaea Times at : Toyota reports profit for January-March quarter, marking reversal from deep losses a year ago.

Google’s Android outsells iPhone, threatens BlackBerry

TORONTO – Though the Canadian icon BlackBerry continues to maintain its lead in the US smart phone market, handsets with Google’s Android operating system may upset it soon, says a report released Monday.

In fact, the devices with the Google operating system have left Apple’s iPhone behind in the first quarterly sales, says the report.
Prepared …. Source  : Gaea News Network.

Asian stocks fall as rally after EU debt bailout fizzles out

Asian stocks fall as EU bailout rally peters out

SINGAPORE – Asian stocks fell Tuesday as a relief rally triggered by a $1 trillion plan to contain Europe’s debt crisis fizzled out.
Most of the region’s markets opened higher following a broad advance in Europe and on Wall Street but couldn’t sustain gains for a second day …. Source article  : Asian stocks fall as rally after EU debt bailout fizzles out.

With narrower losses last year, Sony in better shape ahead of big 3-D push

Sony shaves losses as it gears up for 3-D push

TOKYO – Japanese electronics and entertainment company Sony Corp. reports earnings for the fiscal year ended March 31 on Thursday. The following is a summary of key developments and analyst opinion related to the period.
OVERVIEW: Sony’s restructuring and cost cuts are paying off, with the company … Read more »»».

Brazil to promote biofuel use in aviation

Sao Paulo, May 11 (IANS/EFE) An alliance of aircraft manufacturers in Brazil, the Brazilian Alliance for Aviation Biofuels (Abraba), will promote “development and certification of sustainable biofuel” for use in air transport.

The 10-member group arrived at the decision based on cost of fuel and protecting the environment, aircraft manufacturer Embraer, one of the top aircraft … Read this article on Gaea Times at : Brazil to promote biofuel use in aviation.

Bill raising state’s sales tax to bolster budget remains in limbo in Kansas House

Sales tax increase in limbo in Kansas House

TOPEKA, Kan. – A state sales tax increase to bolster the state budget remains in limbo in the Kansas House.
The chamber held its voting open late Monday night and members switched their votes so that both supporters and opponents were prevailing at different times.
Results often change during voting, …. Original source  : Bill raising state’s sales tax to bolster budget remains in limbo in Kansas House.