Jul 16, 2010
Too early to sing praises of U.S. financial overhaul bill
People attend a press conference after a key vote on Wall Street accountability legislation on Capitol Hill in Washington D.C., capital of the United States, July 15, 2010. The U.S. Senate voted Thursday to end debate on the historic financial overhaul, setting the stage for final approval of the landmark legislation. (Xinhua/Zhang Jun)
BEIJING, July 16 (Xinhua) -- The U.S. senate on Thursday passed an ambitious financial overhaul bill, touted as the most comprehensive since the 1930s Great Depression and meant to prevent a rerun of the current devastating financial crisis.
The 2,300-page bill touches almost very corner of the ever-growing financial services industry, setting up strict rules on financial activities and establishing new measures to protect consumers.
U.S. Democratic Senator Christopher Todd claimed the bill would make sure "we never ever again go through what this nation has been through."
Chinese president meets German Chancellor
Chinese President Hu Jintao (R) meets with German Chancellor Angela Merkel in Beijing, China, July 16, 2010. (Xinhua/Yao Dawei)BEIJING, July 16 (Xinhua) -- Chinese President Hu Jintao said Friday the frequent high-level meetings between China and Germany demonstrate the strength of the bilateral relationship.
Hu made the remarks when meeting with visiting German Chancellor Angela Merkel.
Hu said he had met with Merkel three times since April, including a meeting at the Nuclear Security Summit in Washington.
"Your visit, very shortly after our three meetings, fully demonstrates the sound momentum of bilateral relations," said Hu.
Police lowers death toll of a hotel fire in northern Iraq to 29
View of the fire-damaged Soma Hotel in the Iraqi northern city of Sulaimaniyah July 16, 2010. (Xinhua/AFP Photo)SULAIMANIYAH, Iraq, July 16 (Xinhua) -- An officer from local police forces has lowered the death toll from a fire at a hotel Friday in Iraq's northern Kurdish city of Sulaimaniyah back to 29, adding 21 others were also wounded.
Only 29 were dead and 21 others were wounded, a local police officer told Xinhua on condition of anonymity. The latest casualties have been confirmed by an official from the health office of Sulaimaniyah.
Britain Unveils Prototype of New Unmanned Aircraft Taranis (photo) - Pravda.Ru
Britain’s Ministry of Defense Unveiled £ 14 Million Unmanned Combat Air Vehicle-UK Ministry of Defense unleashed Taranis its first ever high-tech unmanned combat air system vehicle, which will be flown in 2011. This represents the first funded UCAV program of UK Ministry of Defense.
Gaza aid ship unloads at Egyptian port
Workers load supplies on to a cargo ship at the Lavrio port, southeast of Athens, Greece, on Friday.
STORY HIGHLIGHTS
- NEW: A Libyan-backed ship carrying aid for Gaza unloads at the Egyptian port of Al Arish
- The ship's captain is awaiting final approval to unload aid
- The ship attempted to break an Israeli naval blockade of Gaza, but was diverted
- Israeli soldiers killed nine activists aboard another aid ship in May
The vessel reached Egypt after sailing from Greece on Saturday with 2,000 tons of aid. It was the latest ship attempting to breach an Israeli naval blockade of the Palestinian territory of Gaza whose captain was persuaded to dock elsewhere instead.
The aid includes food, medicine, and construction materials to be taken from the port to the Gaza border about 25 miles (42 km) away.
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