Foreign property buyers offered residency

FOREIGN investors will be offered Spanish residency rights in an attempt to dispose of some 750,000 unsold properties abandoned since the 2008 market collapse. Bad debt in Spanish banks rose to a record 10.7 per cent of the loan total, about...

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Hamas kills six suspected collaborators

WITNESSES say masked gunmen have publicly killed six suspected collaborators with Israel at a busy Gaza City intersection. The Hamas military wing claimed responsibility. Witnesses said the six men were pulled out of a van on Tuesday, forced...

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One dead in fresh Kenya violence

FRESH violence has broken out in Kenya's restive northeast, with one person killed and seven others shot and wounded, officials say, a day after security forces cracked down on rioters. Several other people were also hospitalised, some of them...

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US stocks open lower after HP loss

US stocks have opened lower after Hewlett-Packard reported a quarterly loss due in part to a massive writedown, offsetting fresh data signalling recovery in the housing market. After a triple-digit gain on Monday, the Dow Jones Industrial Average...

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UBS rogue trader jailed for 7 years

A ROGUE trader who lost $US2.2 billion ($A2.12 billion) in bad deals at Swiss bank UBS has been sentenced to 7 years in prison after being convicted in what prosecutors called the biggest fraud case in UK banking history. Ghanaian-born Kweku Adoboli,...

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Syria troops besiege town near Damascus

SYRIAN troops have besieged Daraya and rained shells on the town near Damascus, killing a woman and a child, in a fresh attempt to storm it, activists and a watchdog say. The Syrian Observatory for Human Rights also reported that at least 29 people...

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Elmo actor resigns amid sex allegation

SESAME Workshop says Elmo puppeteer Kevin Clash has resigned from Sesame Street in the wake of allegations that he had sex with an under-aged youth. Last week a man accused Clash of having sex with him when he was a teenage boy, a charge Clash...

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Hey Dad! star extradition approved

THE British government has authorised the extradition of Hey Dad! star Robert Hughes, who is expected to face multiple child sexual assault charges on his return to Australia. Home Secretary Theresa May on Tuesday signed an extradition order...

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