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Updated: 2 min 17 sec ago

Elusive Van Morrison headlines 50th Cambridge Folk Festival

30 July, 2014 - 18:11
By Claire Milhench CAMBRIDGE (Reuters) - When Cambridge City Council decided to hold a music festival in the historic English university town back in 1964, few expected it to be going strong 50 years later. "I've tried many times in the past," Barcan said.
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Book Talk - Paull's 'The Bees' looks at life inside the hive

30 July, 2014 - 18:09

By Verity Watkins LONDON (Reuters) - Three years ago playwright Laline Paull began to notice bees in her garden in Sussex, southeast England. Her interest was inspired by the death of a beekeeping friend. “Angie had breast cancer, and she wasn’t going to make it. I was awed at her graciousness in the face of her terror and when she died, in order to keep that feeling of how wonderful she was, I started reading about bees. She was gone but the bees were not gone.” The more Paull read the more inspired she was. ...


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Argentina fails to reach debt agreement, default looms

30 July, 2014 - 18:08

By Richard Lough, Eliana Raszewski and Daniel Bases BUENOS AIRES/NEW YORK (Reuters) - Argentina failed to strike a deal to avert its second default in more than 12 years after talks with holdout creditors ended without a settlement on Wednesday. The country's economy minister, Axel Kicillof, speaking at a news conference at the Argentine consulate in New York, repeatedly referred to the holdout hedge funds as "vultures" after two days of talks failed to produce an agreement. "Unfortunately, no agreement was reached and the Republic of Argentina will imminently be in default," Daniel Pollack, the court-appointed mediator in the case, said in a statement on Wednesday evening. Kicillof said Argentina offered the holdouts similar terms as other creditors who recently negotiated with the country as it attempts to regain the good graces of international capital markets that it has been frozen out of since its default.


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Anti-Semitic incidents rise in Britain as Gaza conflict rages

30 July, 2014 - 18:04
By Michael Holden LONDON (Reuters) - Anti-Semitic incidents in Britain have risen to a near record level since the start of an Israeli assault on the Palestinian enclave of Gaza this month, a Jewish advisory body said on Thursday. The Community Security Trust, which advises Britain's estimated 260,000 Jews on safety, said the surge came as figures showed a significant rise in such incidents for the first six months of the year.
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'Complacent' NATO unprepared for Russian threat - British lawmakers

30 July, 2014 - 18:03
By Kylie MacLellan LONDON (Reuters) - NATO is not prepared for the threat of a Russian attack on one of its members, British lawmakers said on Thursday, calling for more equipment and troops to be positioned in the Baltic States, which, they said, were particularly vulnerable. Parliament's Defence Select Committee said events in Crimea and eastern Ukraine had revealed "alarming deficiencies" in NATO's preparedness and should be a "wake-up call". The military alliance has stepped up exercises in eastern Europe since Russia annexed Ukraine's Crimea Peninsula in March. Ukraine is not a member of NATO.
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Justice Dept. files in Ohio, Wisconsin voter cases

30 July, 2014 - 18:00
WASHINGTON (AP) — The Justice Department on Wednesday sided with challengers of voting laws in Wisconsin and Ohio, saying in court filings that measures in those states unfairly affect minority voters.
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Internet privacy service Tor warns users it was attacked

30 July, 2014 - 17:53
By Joseph Menn and Jim Finkle BOSTON Reuters - Tor, the prominent system for protecting Internet privacy, said on Wednesday many of its users trying to reach hidden sites might have been identified by government-funded researchers. In a note on the nonprofit's website, Tor Project leader Roger Dingledine said the service had identified computers on its network that had been quietly altering Tor traffic for five months in an attempt to unmask users connecting to what are known as "hidden services." Dingledine said it was "likely" the attacking computers, which were removed on July 4, were operated on behalf of two researchers at the Software Engineering Institute, which is housed at Carnegie-Mellon University, but funded mainly by the U.S. Department of Defense.
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AMC Networks wants stake in BBC America - source

30 July, 2014 - 17:51
AMC Networks Inc, a U.S. media company that owns cable channels, is in talks to buy a stake in BBC America, BBC Worldwide’s U.S. channel, a source familiar with the matter told Reuters. BBC Worldwide would retain a small majority of BBC America if a deal with AMC goes through, the source said. Bloomberg reported that AMC will take a stake of about 50 percent in BBC America. BBC Worldwide, the commercial arm of Britain's public broadcaster, is interested in a partnership to use AMC's advertising sales and distribution network, said Bloomberg, citing people with knowledge of the matter.
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Debt mediator Pollack: Argentina 'will imminently be in default' - statement

30 July, 2014 - 17:45
(Reuters) - The mediator in Argentina's debt case said no agreement was reached on Wednesday, and "the Republic of Argentina will imminently be in default," he said in a statement. In a statement, court-appointed mediator Daniel Pollack said that default is "is not a mere 'technical' condition, but rather a real and painful event that will hurt real people," including Argentine citizens, exchange bondholders and the holdout investors. Argentina has been fighting holdout investors demanding payment on bonds they own after the nation defaulted in 2002.
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Argentina, holdout creditors still without deal - minister

30 July, 2014 - 17:38
(Reuters) - Argentina Economy Minister Axel Kicillof on Wednesday said the country offered a group of holdout creditors the same reduced payment terms it has agreed to pay other holders of its restructured bonds, but the holdouts refused the offer. The holdouts, a group of hedge funds that bought the bonds at a steep discount following Argentina's default on $100 billion of debt in 2002, also refused to ask a U.S. court to stay an order the blocks Argentina from paying its other creditors, Kicillof said at a press conference at Argentina's consulate in New York. His comments followed two days of intense talks between Argentina and the hedge funds at the offices of a court-appointed mediator.
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Grenada’s James lights up Glasgow with emphatic 400 win

30 July, 2014 - 17:36

By Michael Hann GLASGOW (Reuters) - Olympic champion Kirani James lit up the Commonwealth Games with a devastating and graceful run to win gold in the men’s 400 metres on Wednesday. In a Games hampered by big-name withdrawals and weakened fields, the arrival of the powerful Grenadian was a welcome sight at a wet and windy Hampden Park. James took charge of the final from the start and looked in complete control as he finished in a Games record time of 44.24 seconds ahead of South Africa’s Wayde van Niekerk and Trinidad and Tobago’s Lalonde Gordon. “I expected to have a great performance,” James told reporters.


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GOP-led House approves lawsuit against Obama

30 July, 2014 - 17:32

WASHINGTON (AP) — A sharply divided House has approved a Republican plan to file an election-season federal lawsuit against President Barack Obama. The suit will contend that Obama has exceeded his constitutional powers in the way he has enforced the 2010 health care law. The vote was 225 to 201.


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Silver fern gives Adams the desire to keep on winning

30 July, 2014 - 17:25

By Sam Holden GLASGOW (Reuters) - After winning her third shot put Commonwealth Games title to secure her 54th successive competition victory, double Olympic champion Valerie Adams revealed it was wearing the silver fern of New Zealand that keeps her pushing for more honours. The 29-year-old four-times world champion eased to her third Games title, adding to the gold medals she won at Melbourne 2006 and Delhi 2010 with a throw of 19.88 metres on a chilly night in Glasgow on Wednesday. “I’m so proud to be a New Zealander and wear the silver fern.


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More senators seek military aid to Ukraine

30 July, 2014 - 17:20

WASHINGTON (AP) — Democratic senators joined their Republican colleagues Wednesday in calling for some U.S. military aid to Ukraine after receiving a closed-door briefing from senior Obama administration officials.


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Congress Finally Moves on Sex Assault

30 July, 2014 - 17:20

One in five women who attend college are sexually assaulted—and a bipartisan group of senators is launching a new bill to change that.


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Ex-Blackwater guard testifies against colleagues

30 July, 2014 - 17:19

WASHINGTON (AP) — A former Blackwater security guard testified Wednesday that he and two colleagues shot their weapons into a car in Nisoor Square in Baghdad, part of a barrage of gunfire that claimed the lives of a mother and her son and led to the shootings of 30 other Iraqis.


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Glazers to raise $150 million by cutting Manchester United stake

30 July, 2014 - 16:33
By Keith Weir LONDON (Reuters) - The Glazer family will make around $150 million by selling part of its stake in Manchester United although the deal will leave the Americans firmly in control of the English soccer club. The Glazers, who bought United for 790 million pounds ($1.34 billion) in 2005, are selling 8 million of their shares in the club which amounts to a stake of about five percent. Once the shares are sold, the six children of the late Malcolm Glazer will still own more than 80 percent of the club's total shareholding. None of the proceeds will go to the club itself, a fact that is likely to annoy some fans who have long campaigned against owners they accuse of burdening United with excess levels of debt following their takeover.
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Copenhagen fans attacked in Kiev, match interrupted

30 July, 2014 - 16:28
Fighting between rival fans caused a 15 minute interruption to the Champions League qualifier between Dnipro Dnipropetrovsk and FC Copenhagen at the Olimpiysky stadium in Kiev on Wednesday. Supporters of the Danish club were attacked by an unidentified group of people believed to be Dnipro fans and forced to seek refugee under the stands with referee Andre Marriner postponing the start of the second half for 15minutes. FC Copenhagen issued a letter of complaint to UEFA, a representative of the Danish club told a news conference after the 0-0 draw. We have complained to UEFA.
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Trafficking bust reveals worries over missing kids

30 July, 2014 - 16:20

WASHINGTON (AP) — The 168 juveniles recovered last month during an FBI child sex trafficking bust included some kids who had never been reported missing, a population that law enforcement encounters often and that child welfare advocates say they're especially concerned about.


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Fed nods to firmer prices yet still focused on labour weakness

30 July, 2014 - 16:14

By Michael Flaherty and Jason Lange WASHINGTON (Reuters) - The Federal Reserve on Wednesday reaffirmed it was in no rush to raise interest rates, even as it upgraded its assessment of the U.S. economy and expressed some comfort that inflation was moving up towards its target. After a two-day meeting, Fed policymakers took note of both faster economic growth and a decline in the unemployment rate, but expressed concern about remaining slack in the labour market. "Labour market conditions improved, with the unemployment rate declining further," the Fed said in a statement. "However, a range of labour market indicators suggests that there remains significant underutilisation of labour resources." The reference confirmed that the central bank believes there is still a ways to go before benchmark borrowing costs need to move higher despite an improving outlook for jobs and prices.


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