UK banks ‘may need more capital’

29 November 2012 Last updated at 10:27 ETPlease turn on JavaScript. Media requires JavaScript to play. Sir Mervyn King: “This problem is manageable, but it requires some action now”Major UK banks may need to raise more capital as protection against possible future losses, the Bank of England’s Financial Policy Committee has said.Bank governor Sir Mervyn King said there were “good reasons” to think...

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Noisy city: Cacophony in Caracas sparks complaints

CARACAS, Venezuela (AP) — This metropolis of 6 million people may be one of the world’s most intense, overwhelming cities, with tremendous levels of crime, traffic and social strife. The sounds of Caracas‘ streets live up to its reputation.Stand on any downtown corner, and the cacophony can be overpowering: Deafening horns blast from oncoming buses, traffic police shrilly blow their whistles and sirens...

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Italian tax police probe Google Italy again

ROME (Reuters) – Italian police launched a new tax probe into Google Italy this week after earlier investigations found the group had failed to declare income and still owed sales tax, an economy ministry document showed on Wednesday.The earlier probe, which was launched by Italian financial police in 2007, found that Google had developed a system to transfer profits from its Italian operations to...

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Sculptor Gormley wants us to get inside his head

LONDON (Reuters) – Britain’s foremost living sculptor Antony Gormley wants us to get inside his head with his latest work “Model”, a 100-tonne steel maze of cubes and squares, dark corners and splashes of light on show at the White Cube gallery in London.The giant grey-black work, based on a human form lying down, is entered via the right “foot”, and combines the fun of an adventure playground with...

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Flu Has Little to Do With Cold Weather

Although most children grow up hearing that they’ll catch the flu if they play in the snow without a scarf, weather has very little to do with which regions get more flu, doctors say.“It’s actually not that predicable,” said Dr. Jon Abramson, who specializes in pediatric infectious diseases at Wake Forest Baptist Health in North Carolina.Mississippi has had the most reported cases of influenza-like...

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New home sales stagnant, cast shadow on housing

WASHINGTON (Reuters) – New U.S. single-family home sales fell slightly in October and the prior month’s pace of sales was revised sharply lower, casting a faint shadow over one of the brighter spots in the U.S. economy.The Commerce Department said on Wednesday sales dropped 0.3 percent last month to a 368,000-unit annual rate, while September’s sales pace was revised to 369,000 from 389,000.The housing...

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Rapper PSY wants Tom Cruise to go ‘Gangnam Style’

BANGKOK (AP) — The South Korean rapper behind YouTube’s most-viewed video ever has set what might be a “Mission: Impossible” for himself.Asked which celebrity he would like to see go “Gangnam Style,” the singer PSY told The Associated Press: “Tom Cruise!”Surrounded by screaming fans, he then chuckled at the idea of the American movie star doing his now famous horse-riding dance.PSY’s comments Wednesday...

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Google Breaks All Android App Reviews, Threatens Android Fans’ Safety

“A Google User” is now the number one Android game and app reviewer on Google Play, Android’s version of Apple’s App Store. That’s because every single one of the millions of existing reviews, possibly including yours, has had its author replaced with this nameless, faceless person.Screenshots taken by Jeremiah Rice of the Android Police blog show this prolific (but completely generic) author has...

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Infected and unaware: HIV hitting America’s youth

CHICAGO (Reuters) – More than half of young people in the United States who are infected with HIV are not aware of it, according to a new report by government health officials that zeroes in on one of the remaining hot spots of HIV infection in America.Young people ages 13 to 24 account for 26 percent of all new HIV infections, according to the report by the U.S. Centers for Disease Control and Prevention,...

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From Wartime Technology Comes Hurricane Relief

A parking lot on Rockaway Beach Boulevard, in the heart of the Hurricane Sandy-ravaged New York coastline, has been serving as the base of operations for Team Rubicon, a volunteer organization staffed by military veterans who show up when disasters strike. The lot has many of the things you’d expect to see at a disaster-recovery site: stacks of hand tools, portable toilets, palettes of food, and water....

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