Business

A car containing an large explosive device has been defused in the Haymarket, London. A second device was later found in a car park in Park Lane. A car, a light metallic green Mercedes-Benz E Class saloon (produced 1984-1995), parked near the nightclub 'TigerTiger', contained petrol, gas cylinders and nails. Police described it as a "potentially viable explosive device". Police carried out a controlled explosion at 2:00 a.m. BST and the car has been taken to a forensic explosives laboratory for further investigation. Eyewitnesses saw the c

Jo Hovind, wife of Kent Hovind, was sentenced to one year and one day in prison for 44 counts of evading bank reporting requirements. In November 2006 Jo was convicted of 44 counts and Kent was convicted of 58 counts, and both decided not to present a defense at trial. Kent Hovind, self-styled as Dr. Dino despite lacking any degrees from accredited schools, is currently incarcerated at Federal Correctional Institution, Edgefield, and according to the Federal Bureau of Prisons is scheduled for release in July 2015. In addition to the prison t

The NFL has announced that its "farmer-league" NFL Europa has been discontinued after 15 seasons. Instead, the NFL will change "the focus of its international business strategy to presenting the NFL to the widest possible global audience, including broader media visibility and the staging of international regular-season games." "The time is right to re-focus the NFL's strategy on initiatives with global impact, including worldwide media coverage of our sport and the staging of live regular-season NFL games,'" said Mark Waller, senior vice presi

North Korea has confirmed that it is in receipt of US$25 million that was frozen at a Macau bank. The funds had become a major sticking point in the ongoing nuclear negotiations. The were frozen at the Macau bank after the United States accused North Korea of money laundering and counterfeiting. KCNA quoted an official at the Ministry of Foreign Affairs as saying: "As the funds that had been frozen at Macau's Banco Delta Asia have been transferred as we demanded, the troublesome issue of the frozen funds is finally resolved." He continued, "th

<noinclude> After Christopher R. Hill, the Assistant Secretary of State for East Asian and Pacific Affairs. met with North Korean (DPRK) diplomats on Thursday, the country decided not to give International Atomic Energy Agency (IAEA) inspectors permission to enter the country, claiming that the $25,000,000 remitted to them has not yet arrived. "As of now, the frozen funds had not reached our bank account. Nobody knows why the remittance is delayed. Our side has informed the IAEA that we have no objection to them preparing the visit as a plan,

<noinclude> If you are in the market for new bedding, and not too concerned with the new United States guidelines for mattress fire resistance, now might be a good time to buy. Mattresses sold in the U.S. must meet new federal guidelines for flammability starting on July 1. The flammability of mattress sets sold in the U.S. is subject to a new mandatory federal regulation requirement passed by the Consumer Product Safety Commission (CPSC) on February 16 last year. The requirement, costing mattress manufacturers an estimated $100 million to me

<noinclude> US$25 million of North Korean funds previously frozen in a Macau bank has been transferred to Pyongyang, the North Korean capital. The money was released late last week, and transferred from Macau to the Federal Reserve in New York City, and from there to a Russian bank and then into an account controlled by the North Korean government. Pressure is mounting from the international community on the Pyongyang government to shut down its Yongbyong nuclear reactor. North Korea has been refusing to move forward due to the freezing of

<noinclude> North Korea has invited the International Atomic Energy Agency (IAEA) to send inspectors to Pyongyang for the purpose of discussing the shut-down of the country's nuclear reactor. The announcement comes on the heels of news that US$25 million had been released to North Korea from a Macau bank. The IAEA inspectors are part of a deal worked out in the six-party talks. "I talked to IAEA today and I know there is going to be contact ... with DPRK representatives as early as today, so they may be able to tell us pretty soon when they

Police in Melbourne, Australia are on the hunt for a gunman who killed a man and injured two others in the city's central business district this morning. Officials warned all office workers to remain indoors, and train services to Flinders Street Station were temporarily on hold, as investigations were carried out on the intersection of Flinders Lane and William Street. Malcom Bates, who witnessed the shootings at around 8:15 a.m., said the gunman grabbed a woman from inside a taxi. "The lady got away and he turned and shot three people basi

<noinclude> Police in the United Kingdom have shut down a global internet paedophile ring in a ten month operation that involved 700 suspects in 35 different countries, some of whom remain at large. 31 children have been rescued from their abusers. Sky News crime correspondent Martin Brunt said it could well be the biggest internet paedophile operation ever mounted in the UK. It was led by the Child Exploitation and Online Protection Centre. Timothy Cox, 28, from Buxhall, near Stowmarket, UK, has been identified as the ringleader and has bee

On June 13 air traffic controllers in Moscow prevented what ultimately became a near-miss from becoming a serious midair collision. The incident occurred when a Bombardier Challenger 60 business jet violated controllers' instructions and flew into the path of a Boeing 757. According to an official release, the Challenger had been instructed several times to ascend to no higher than 1,800 metres. However, the light jet proceeded to a height of 2,070 metres without authorisation, taking it into the path of a 757 which was approaching nearby Vnuk

<noinclude> The Democratic People's Republic of Korea (DPRK) has received US$25,000,000 frozen in 2005 as part of the general crackdown on the communist state. The funds had been frozen in a Macau bank after the United States earlier alleged that the money was gained from activities including money laundering and counterfeiting. The DPRK had demanded return of the money as a precondition to engaging in the six-party talks. In February, the U.S. agreed to allow North Korea to retrieve their funds.