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China Hijacking

China's First Plane Hijacking in 22 Years Foiled

Authorities are refraining from calling it terrorism, but the hijackers -- subdued by passengers -- were aboard a flight in a region of Western China where Muslim Uyghur separatists are active
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NY City Council Overrides Mayor Mike's Veto On Wage Hikes

As expected, the New York City Council voted Thursday evening to override Mayor Michael Bloomberg's veto of a measure that would raise the minimum wage of employees of some companies that receive public subsidies to $11.50 an hour, or $10 an hour with benefits.
Euro Zone

Euro Summit Agrees On Bank Rescue

European leaders established Friday a set of measures to address the euro zone debt crisis, including an agreement to allow some rescue funds to be sent directly to struggling banks instead of adding to the public debt of reeling economies.
Indian Prime Minister Manmohan Singh

GAAR: India May Not Go For Retro-Taxing Of Overseas M&A

A committee which was formed to give recommendations on the implementation of the controversial general anti-avoidance rules (GAAR) provisions in India released its draft guidelines Thursday night. The draft guidelines have clarified that the GAAR will not be applied retrospectively.

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