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Zambia electricity price hike threatens mining output - chamber

Zambia electricity price hike threatens mining output - chamberZambia's decision to increase electricity prices by almost 29 percent for mining companies is likely to hit operations in Africa's second largest copper producer, the Chamber of Mines of Zambia said. The bulk power supply agreement tariffs between state power company Zesco and Copperbelt Energy Corporation were increased this week to 6.84 cents per KWh from 5.31 cents per KWh. Copper exports account for more than 70 percent of

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Estonia's new PM says Russia sanctions would hurt, but may be needed

By David Mardiste TALLINN (Reuters) - Estonia's new prime minister said on Tuesday that imposing economic sanctions on Russia would hurt European Union countries, but might be needed to send a strong message to Moscow. Taavi Roivas, who became prime minister of the Baltic state - an EU member that was formerly part of the Soviet Union - in late... Read more...

Next phase of Gulf oil spill trial set for 2015

NEW ORLEANS (AP) — A federal judge has set a tentative trial date next year to consider federal Clean Water Act penalties that BP could face for the millions of gallons of oil that spilled into the Gulf of Mexico after the 2010 Deepwater Horizon rig explosion.... Read more...

Ralph Bakshi's son discovers lost footage from 'Lord of the Rings' animated film

Ralph Bakshi's son discovers lost footage from 'Lord of the Rings' animated filmIt's not The Lord of The Rings that most audiences identify with today, but Ralph Bakshi's 1978 animated film was an impressive feat for its time. In creating the film — the first full-length adaptation of Tolkien's classic — Bakshi went with a strategy that combined both traditional cel animation and rotoscoped live action footage. Critics were split on whether The Lord of The Rings was actually a good movie, but the visual exp

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Canadian webcam killing suspect pleads not guilty

TORONTO (AP) — A Canadian man accused of killing a Chinese student, attacked in her Toronto apartment as her boyfriend watched through a webcam in China, pleaded not guilty Friday to first-degree murder.... Read more...

ECB won't adopt threshold-based rate guidance: Constancio

ECB won't adopt threshold-based rate guidance: ConstancioBy Ann Saphir WASHINGTON (Reuters) - The European Central Bank will not tie interest-rate policy to specific economic thresholds, a top policymaker said on Saturday. "We think it would not be useful," ECB Vice President Vitor Constancio said on Saturday, referring to the threshold-based approach to monetary policy that the U.S. Federal Reserve abandoned this week after using it for just over a year. He also dismissed the idea of giving

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