Co. Paying Just $1,200 for Each Factory Fire Life

A company that makes clothes for Sean Combs' clothing brand ENYCE and other U.S. labels reassured investors that a factory fire that killed 112 people over the weekend would not harm its balance sheet, and also pledged to pay the families of the dead $1,200 per victim.In an announcement Monday, Li & Fung Ltd., a middleman company that supplies clothes from Bangladesh factories...

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Euro zone, IMF reach deal to cut long-term Greek debt

BRUSSELS (Reuters) - Euro zone finance ministers and the International Monetary Fund clinched agreement on reducing Greece's debt on Monday in a breakthrough to release urgently needed loans to keep the near-bankrupt economy afloat. After 12 hours of talks at their third meeting in as many weeks, Greece's international lenders agreed on a package of measures to reduce Greek debt by 40...

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Bangladesh garment factory fire under control

DHAKA: Bangladesh firefighters on Monday quelled a blaze at a 12-storey building housing four different garment factories in Dhaka, days after a fire killed 110 textile workers in a different facility.Some workers had been trapped on the roof by the new fire, but authorities said that although they were still searching the building, they believed most had escaped and there were no reported...

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Government open to debate on FDI in retail: Kamal Nath

NEW DELHI: The government was open to discussions on foreign direct investment (FDI) in retail, parliamentary affairs minister Kamal Nath said on Monday ahead of an all-party meeting on the ongoing logjam in parliament."Government is open for a discussion on the issue of FDI in multi-brand retail. The primary concern is that the house must be allowed to function," Kamal Nath told reporters in the...

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AP PHOTOS: Simple surgery heals blind Indonesians

PADANG SIDEMPUAN, Indonesia (AP) — They came from the remotest parts of Indonesia, taking crowded overnight ferries and riding for hours in cars or buses — all in the hope that a simple, and free, surgical procedure would restore their eyesight.Many patients were elderly and needed help to reach two hospitals in Sumatra where mass eye camps were held earlier this month by Nepalese surgeon Dr. Sanduk...

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GOP Starting to Rebel Against No-Tax-Hikes Pledge

With the fiscal cliff looming for the United States, some Republican members of Congress said today they are ready to break a long standing pledge not to raise taxes."The only pledge we should be making to each other is to avoid becoming Greece. And Republicans should put revenue on the table," South Carolina Sen. Lindsey Graham said on ABC's "This Week."Read more of the discussion...

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Egypt's Mursi to meet judges over power grab

CAIRO (Reuters) - Egyptian President Mohamed Mursi will meet senior judges on Monday to try to ease a crisis over his seizure of new powers which has set off violent protests reminiscent of last year's revolution which brought him to power. Egypt's stock market plunged on Sunday in its first day open since Mursi issued a decree late on Thursday temporarily widening his powers and shielding...

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Thai PM faces no confidence motion

BANGKOK: Thai Prime Minister Yingluck Shinawatra on Sunday faced a no-confidence debate launched by her opponents in parliament, a day after political protests turned violent in Bangkok.But the motions, which also target three other government ministers, appeared to have little chance of being passed by a legislature dominated by Yingluck's Puea Thai party and its coalition partners."The...

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Rajya Sabha panel for power to Lokpal to sanction prosecution

NEW DELHI: Lokpal will have power to grant sanction to initiate prosecution against a public servant, a parliamentary committee has recommended, seeking to amend a provision in the bill which said no previous sanction was required for the ombudsman to bring charges. The recommendation of the Rajya Sabha Select Committee on Lokpal comes against the backdrop of the stand taken by the government...

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AP PHOTOS: Simple surgery heals blind Indonesians

PADANG SIDEMPUAN, Indonesia (AP) — They came from the remotest parts of Indonesia, taking crowded overnight ferries and riding for hours in cars or buses — all in the hope that a simple, and free, surgical procedure would restore their eyesight.Many patients were elderly and needed help to reach two hospitals in Sumatra where mass eye camps were held earlier this month by Nepalese surgeon Dr. Sanduk...

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