UK court clears way to sue Korean Air for mental injury
London: A British court ruled on Friday that 13 claimants had the right to sue Korean Air Co for mental distress they say they suffered when one of its cargo planes exploded in a fiery ball near their village.
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Jordan curbs withdrawal of Iraqi deposits
Amman: Jordan's central bank said it has taken steps to prevent any withdrawals from Iraqi private or state deposits held in the Jordanian private banking system without prior permission.
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Asia on health alert as virus spreads
Hong Kong: Asia beefed up health checks on travellers on Friday in a bid to contain a highly contagious pneumonia virus that has killed 54 people worldwide, infected more than 1,400 and doubled the number of quarantine cases in Singapore overnight.
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Net banking takes off in Europe
The number of European consumers who bank online will reach almost 60m in '03, nearly triple the number three years ago, underscoring how important the internet remains to the financial industry, according to a new report.
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Job cuts push up credit card defaults in US
New York: Mounting US job losses pushed up credit card delinquencies in the fourth quarter of ‘02 to the highest level since the American Bankers Association (ABA) began tracking the data in ‘90, the group said.
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US court hangs up on telemarketers
Washington: The telemarketing industry has suffered an early setback in its attempt to derail a national ‘do not call’ list that could allow consumers to block many unwanted sales calls.
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