EU Parliament vote shows conservatives racing to victory in some of Europe’s largest economies

BRUSSELS — Conservatives raced toward victory in some of Europe’s largest economies Sunday as initial results and exit polls showed voters punishing left-leaning parties in European parliament elections in France, Germany and elsewhere.

Manmohan Singh begins his first day in office

NEW DELHI - Prime Minister Manmohan Singh Saturday began his first full working day in office in his second five-year term at the head of a Congress-led coalition government.

Mullen links military stress to health clinic shootings, says mental health problems hidden

WASHINGTON — The nation’s highest-ranking military officer says the United States has to do a better job of taking care of soldiers’ mental health.

Schwarzenegger says next year’s budget deficit is $15B; will climb if voters reject measures

SACRAMENTO, Calif. — Gov. Arnold Schwarzenegger is warning that California faces a $15.4 billion budget deficit in the coming fiscal year, nearly double the previous estimate.

Twin River gambling parlor to host greyhound racing through August despite bankruptcy threat

LINCOLN, R.I. — Greyhound racing will continue through the summer at the struggling Twin River gambling parlor rather than end in late May as the facility’s owners originally wanted because state officials believe the earlier closing would violate state law.

Obama hikes NASA budget, orders reviews space plans

WASHINGTON - NASA officials said Thursday that the Obama administration will increase funding for the US space agency by five percent in 2010 and will conduct a review of its programme for manned space flight.

Michigan attorney general unveils new wide-ranging Web site for seniors

LANSING, Mich. — Michigan seniors can visit a new Web site to find information ranging from a guide to nursing homes to how to avoid scams.

Aristotle school to become open-air museum in Athens, sponsor raises money for project

ATHENS, Greece — The remains of the ancient school where philosopher Aristotle taught his pupils nearly 2,500 years ago are to be turned into an outdoor museum thanks to a donation from a betting company, Greece’s Culture Ministry says.

Finance leaders pledge cooperation to lift world out of recession

WASHINGTON — Finance officials from the world’s top economic powers pledged to cooperate on efforts to lift the entire world out of the worst recession since the 1930s. The big goal: Get banks in every land to start lending again.

GAO finds states need help covering cost of managing, auditing massive stimulus spending

WASHINGTON — States responsible for more than a third of President Barack Obama’s $787 billion stimulus program should be able to tap some of the recovery money to cover costs of managing the new spending, a congressional watchdog agency said Thursday.

Two Indian Americans named on Obama team

WASHINGTON - President Barack Obama has formed a three-man team, including two Indian Americans, to help break Washington’s ‘bad habits’ of wasteful spending and move recession-hit America from recovery to prosperity.

Arsenal plans to extend Wenger’s contract

LONDON - Arsenal are set to extend the contract of manager Arsene Wenger to ensure that key players stay at the football club.

GoAir denies merger talks with SpiceJet, says expansion on track

NEW DELHI - Denying reports that the company was in talks with budget carrier SpiceJet for a possible merger, low-cost operator GoAir Wednesday said its expansion plan was on track despite bad market sentiments.

Slowdown-hit India Inc has wish list ready for next government

NEW DELHI - Hit by a demand slowdown and meltdown in the global economy, India Inc has its wish list ready for the next government, with sector-specific policy reforms and tax sops on top of the agenda to tide over the crisis.

China’s defence budget to grow 14.9 percent in 2009

BEIJING - China plans to increase its defence budget by 14.9 percent in 2009, a parliament spokesman said here Wednesday.

Obama to end US combat role in Iraq by August 2010

WASHINGTON - US President Barack Obama announced Friday that he will withdraw most US combat troops from Iraq by the end of August 2010, sharply reducing the American presence but keeping in place thousands of soldiers till the end of 2011 to support and train Iraqi forces.

Kerala plans big in IT, banks on German exposition

THIRUVANANTHAPURAM - Kerala is keen to log its presence on the IT map of India.

A high-powered delegation is headed for Hannover next month for the popular CeBIT 2009 exposition in a bid to forge strategic alliances with global players and attract foreign capital to boost its IT industry.

India cuts excise duty, service tax to spur economy

NEW DELHI - External Affairs Minister Pranab Mukherjee Tuesday got the Lok Sabha’s nod to cut excise duty and service tax by 2 percent in what is being touted as the third stimulus package to help India Inc tide over the impact of global economic crisis.

Lok Sabha nod for two percent cuts in excise, service tax

NEW DELHI - The Lok Sabha Tuesday approved 2-percent cuts in excise duty and service tax proposed by External Affairs Minister Pranab Mukherjee, who said resilience of the India economy which grew by an average of 9 percent annually in the last three years will help it overcome the current crisis.

Obama vows to halve budget deficit by term’s end

WASHINGTON - US President Barack Obama Monday promised to halve the country’s ballooning federal budget deficit by the end of his four-year term in office, despite a deepening recession that has forced his administration to spend record amounts of money.

California Governor Schwarzenegger orders mass layoffs

SAN FRANCISCO - California Governor Arnold Schwarzenegger issued 20,000 layoff notices and halted work on the state’s remaining 276 public projects as intransigent Republican lawmakers continued to stonewall efforts to pass a budget.

Interim budget neglected northeast India: Tripura government

AGARTALA - Terming the interim budget of the central government a ‘poll lollipop’, the Left Front government in Tripura Tuesday said it largely neglected the northeastern region.

Highlights of interim budget presented in Lok Sabha

NEW DELHI - Following are the highlights of the interim budget presented by Minister for External Affairs Pranab Mukherjee in the Lok Sabha Monday:

Interim budget a fine balancing act: Manmohan Singh

NEW DELHI - Prime Minister Manmohan Singh Monday hailed the interim budget as a ‘fine balancing act’, and said it will stimulate growth for the country in these difficult times.

Interim budget fails to cheer realty sector

NEW DELHI - The Indian realty sector, which is reeling under a severe fund crunch, Monday expressed disappointment over the interim budget for 2009-10, saying the government has done nothing to provide relief to the crisis-hit industry.

12 injured in Bihar train collision

PATNA - At least 12 people were injured when a passenger train collided with a goods train in Bihar’s Motihari district early Saturday morning, the second accident within 24 hours.

Lalu Prasad set to present interim rail budget with no fare hikes

NEW DELHI - Minister for Railways Lalu Prasad is set to present to parliament the country’s interim rail budget for the next fiscal Friday, with an assurance that he will not ignore people’s welfare and that average citizens will be spared a fare hike.

Kolkata’s businessmen not happy with interim rail budget

KOLKATA - The interim railway budget presented by Railways Minister Lalu Prasad in the Lok Sabha Friday could not match the expectations of the business community here, which is reeling under the impact of global economic slowdown.

Interim rail budget has let down Chhattisgarh: Raman Singh

RAIPUR - The interim railway budget presented Friday by Railways Minister Lalu Prasad has let down expectations of Chhattisgarh despite the fact that the state generates high revenue for the railways, Chief minister Raman Singh said here.

Kerala government floats new policy to empower women

PALAKKAD - The Kerala cabinet has approved the adoption of a new policy to ensure gender equality and prevent crime against women, Pinarayi Vijayan, state secretary of the ruling Communist Party of India-Marxist (CPI-M) said here Thursday.

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