Archive for July, 2012

  • Murder Charges for ‘Batman’ Shooting Suspect

    July 31st, 2012

    By ANA CAMPOY CENTENNIAL, Colo.—The alleged gunman in the movie-theater shooting that killed 12 people and wounded 58 others in a Denver suburb this month was formally charged Monday with 142 offenses, including 24 counts of first-degree murder. James Holmes also faces 116 counts of attempted murder, as well as counts of explosives possession and commission of a crime of violence in connection with the July 20 shooting at an early screening of the latest Batman movie in nearby Aurora. The charges could put the 24-year-old former doctoral stu…

  • Bulgaria Probes Cartel of 2 Cinema Chains

    July 31st, 2012

    Bulgaria’s Commission on Protection of Competition (KZK) is launching a cartel probe of the two biggest cinema chains in the country, Cinema City Bulgaria and Kino Arena BT. The proceedings were launched on a tip-off of Lyudmil Todorov, writer, producer and director of “The Migration of the Belted Bonito” movie, who complained that the two chains had offered identical conditions for the screening of his work. In Todorov’s words, as cited by the 24 Hours daily, the fee was EUR 625, VAT excluded. According to the Bulgarian film director, the sam…

  • EU demands weekly Spanish property sales data

    July 31st, 2012

    By Kevin Barnett, 14 Jul 2012 There could be a new speed-up in the sales of Spanish bank-owned property as banks taking a Eurozone bail-out will be forced to report every week on the state of its books, disposals and cash in the coffers.That’s one of 32 conditions laid down by the EU and regulator, the Bank of Spain has been given the enforcement job, with internal audits being supervised by the European Central Bank. The Ordered Bank Restructuring Fund (FROB) will have greater powers, and the Spanish government must force failing banks…

  • Mattress Bank’s EUR 55.7B could solve Spanish crisis

    July 31st, 2012

    By Alison Farmer, 16 Jul 2012 Ten years after switching to the single European currency there is still 1.7 billion Euros worth of Spain’s old currency, the peseta, in the hands of the public, businesses and former tourists…Much of the hoard is believed to be stashed in the country’s black economy ”Mattress Bank”, despite most householders rushing to beat the original exchange deadline as Spain switched to the Euro in January 2002.Piles of pesetas were swapped for the highest value EUR 500 notes, with up to one third of…

  • Sales of top-end homes slow down

    July 31st, 2012

    27 July 2012 Last updated at 07:31 ET Prices have remained relatively stagnant for some time, surveys show Continue reading the main story House price surveys explained How to be a first-time buyer Using the internet to buy a home How to deal with mortgage issues House prices have risen slightly over the year in England and Wales, although sales of £1m-plus homes have dropped sharply, figures show. The number of properties sold for more than £1m fell by 43% to 468 in the year to the end of April, the Land Registry said. Its figures sugges…

  • Bank account sales face scrutiny

    July 31st, 2012

    27 July 2012 Last updated at 06:23 ET The new rules will come into force at the end of March 2013 Continue reading the main story Q&A: Co-op buys Lloyds TSB branches NatWest computer failure: Your rights Shopping around for a bank account Banks ‘wrong’ over payment policy New rules will ensure customers are assessed to ensure they are eligible to claim insurance offered as part of paid-for bank accounts. The rules, which will come into force at the end of March 2013, are the result of a review of packaged bank accounts by the City watch…

  • Sterling soars to four-year high against euro

    July 31st, 2012

    Sterling has soared to a four-year high against the euro. The euro is now at its lowest point since November 2008, reports the Guardian, pushing up the exchange rate in favour of Brits. Last year, £1 could fetch sterling spenders €1.10. Now, that has risen to €1.27 as the eurozone crisis continues. As a result, Britons looking to go on holiday in Europe or buy property overseas are being advised to change currencies now. "The optimism we saw after the last summit has faded once again," commented Darragh Maher, f…

  • Resilient Pound holds its ground

    July 30th, 2012

    The resilient Pound managed to hold its ground this week, according to Currency Index. In fact, its value even improved against both the euro and the US Dollar. UK inflation and retail sales were down, but markets "seem to be more focussed on macroeconomic problems", reports CEO Robin Haynes, leading sterling to strengthen against the South African Rand as well. The big changes this week include the revision to the UK GDP, which may either benefit investors looking to buy property abroad or bring exchange rates down. Otherwise, t…

  • Falling euro encourages investment in Albania

    July 30th, 2012

    As an emerging tourist destination with 4 million visitors last year, Albania's appeal has been increasing steadily. In the last year alone, Albania Holidays, a leading Destination Management Company, has seen a 10% increase of the total number of visitors who have booked with them. And with visitor numbers on the up, the strength of pound against the euro is encouraging investment in the country. Robin Haynes, director of FX specialist Currency Index comments: "The ongoing Euro crisis has weakened the single currency, giving us t…

  • Report: Penn State Hid Sex Abuse

    July 13th, 2012

    By KRIS MAHER PHILADELPHIA—A widely anticipated independent investigation into Pennsylvania State University’s handling of child-sex-abuse allegations has found that university administrators, including former President Graham Spanier and the late longtime football coach Joe Paterno, “repeatedly concealed critical facts” to avoid bad publicity in connection with reports that former defensive coordinator Jerry Sandusky could be a pedophile. The report, issued Thursday by former Federal Bureau of Investigation Director Louis Freeh at the reque…

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