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Chinese premier criticises EU move on trade measures

SHANGHAI, May 25 - Chinese Premier Li Keqiang criticised the European Union over its plans to investigate alleged anti-competitive behaviour by Chinese mobile telecom equipment makers and to impose punitive import duties on solar panels from China, state media reported.

8:19am IST

REFILE-UPDATE 2-Stockholm calmer but violence spreads outside Swedish capital

STOCKHOLM, May 24 - A nearly week-long spate of rioting spread outside Stockholm on Friday but authorities said police reinforcements sent to the Swedish capital had reduced the violence there, even though dozens of youths set cars and a recycling station ablaze.

6:02am IST

UPDATE 3-News Corp to take charge of up to $1.4 bln this quarter

May 24 - News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations.

5:16am IST

UPDATE 2-U.S. senator urges 'extreme caution' on SoftBank -Sprint deal

WASHINGTON, May 24 - An influential U.S. senator expressed strong concerns on Friday about Japanese company SoftBank Corp's plan to buy 70 percent of Sprint Nextel , warning it could expose the United States to Chinese cyber attacks.

3:18am IST

Oklahoma singer Shelton to headline May 29 tornado relief benefit

LOS ANGELES, May 24 - Oklahoma country singer Blake Shelton said on Friday that he will headline a concert to benefit the victims of the Oklahoma tornado that swept through the city of Moore earlier this week, leaving 24 dead and thousands homeless.

3:13am IST
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AirAsia India launch seen in Q4; may order 50 more jets

MONACO - AirAsia, which smashed order records for Airbus jets to become Asia's largest budget carrier, could buy another 50 planes as it targets aggressive expansion in India, Chief Executive Tony Fernandes said.