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UN plans to maintain military observer mission in Georgia

UN plans to maintain military observer mission in GeorgiaNew York  - The United Nations plans to renew the mandate of its military observer force in Georgia by mid-October, but the situation may change after an international agreement is reached to monitor the conflict in that country, a UN official said Wednesday.

The UN, the European Union and the Organization for Security Cooperation in Europe are to meet in Geneva next month to decide on an international mechanism to end the conflict between Georgia and Russia, which erupted over the break-away province of South Ossetia in August.

UN condemns attack on US embassy in Yemen, demands justice

UN condemns attack on US embassy in Yemen, demands justice New York  - The United Nations on Wednesday condemned the terrorist attack aimed at the United States embassy in Yemen that killed at least 16 people and injured many other civilians.

Both the UN Security Council and Secretary General Ban Ki-moon issued statements "strongly condemning" the attacks.

Ban said he was "saddened" by the reported 16 deaths, which included Yemeni guards and civilians outside the embassy in the capital Sana'a.

US stocks open sharply lower despite AIG rescue

New York - US stocks fell sharply on Wall Street's opening bell Wednesday after the Federal Reserve agreed to make an 85-billion- dollar emergency loan to struggling insurance giant American International Group Inc (AIG).

The Dow Jones Industrial Average fell more than 200 points, some 2 per cent, within minutes of trading. The broader Standard & Poor's 500 was down as much as 25 points.

Shares in financial firms were among the worst performers to start the day.

The US central bank late Tuesday agreed to make a two-year, 85- billion-dollar bridge loan to AIG and will take a controlling stake in the company, which had been threatened with insolvency if it could not raise the needed capital.

Diverting scarce fertile farmland to industry not a new phenomenon in India: NYT

New York, Sept. 17 : Diverting scarce fertile farmland to industry is not a new phenomenon in India, and the present agitation in Singur, West Bengal, involving the grant of land to the TATA’s for the manufacturing their 2,500 dollar car is a prominent example of a “dark cloud looming over India’s economic transition,” claims the New York Times.

At the heart of the challenge, one of the most important facing the Indian government, is not only how to compensate peasants who make way for India’s industrial future, but also how to prepare themfor the new economy India wants to enter, the paper says.

In recent years, clashes over land have dogged several major industrial projects in virtually every corner of the country.

DiCaprio splits with Refaeli yet again?

New York, September 17 : ‘Titanic’ star Leo DiCaprio is said to have split with Bar Refaeli once again.

The couple have been observed to be partying apart over the past few weeks.

Sources have revealed that DiCaprio enjoyed a good time with an exquisite brunette at a Chelsea club, though they did not exchange phone numbers.

He and Bar were said to have hit their first bump in January 2007, and there were reports in British tabloids in April that the couple were expecting a baby and talking marriage.

In October of the same year, sources revealed that the pair were taking a breather, but they reunited shortly after Bar''s fling with surfer Kelly Slater.

US stocks rebound on AIG hopes after wild trading day

US stocks rebound on AIG hopes after wild trading dayNew York/Washington  - US stocks made strong gains after a wild day of trading Tuesday, pulling back from the worst day on Wall Street since the September 2001 terrorist attacks.

The Dow Jones Industrial Average rose 1.3 per cent, largely on investors' hopes that the government would come to the rescue of American International Group Inc (AIG), the largest US insurer. The broader Standard & Poor's 500 Index surged 1.75 per cent.

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