Monday, 29 November 2010

Retired electrician reveals his Picasso 'treasure trove'

breaking news

A retired electrician in southern France who worked for Pablo Picasso says he has hundreds of previously unknown works by the artist.

The treasure trove of some 271 pieces includes lithographs, cubist paintings, notebooks and a watercolour, is said to be worth about 60m euros (£50.6m).

The electrician reportedly says he was given the works as gifts by Picasso.

But the estate's administrators have filed a case for alleged illegal receipt of the works of art.

This article is from the BBC News website. � British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Source: http://www.bbc.co.uk/go/rss/int/news/-/news/world-europe-11864660

Izetta Dejarnett Richie Kowal Carolina Breznay Noah Sudekum

Iranian nuclear scientist killed

Iran map

An Iranian nuclear scientist has been killed and another wounded in two separate, but similar attacks, according to Iranian media reports.

The scientists were targeted in Tehran by attackers who attached bombs to each of their cars, reports said.

The scientist killed has been named as Majid Shahriari of Shahid Beheshti University in Tehran, according to the official Irna news agency.

Another scientist was killed in a bomb blast at the beginning of the year.

Dr Shahriari was a member of the nuclear engineering department of Shahid Beheshti University.

His wife is said to have been injured in the attack.

The scientist injured in the second attack was named as Fereydoon Abbasi, another nuclear scientist. His wife was also wounded.

There has been much controversy over Iran's nuclear activities.

Tehran says its nuclear programme is for peaceful energy purposes, but the US and other Western nations suspect it of seeking to build nuclear weapons.

This article is from the BBC News website. � British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Source: http://www.bbc.co.uk/go/rss/int/news/-/news/world-middle-east-11860928

Fred Mahusay Houston File Corinne Leinen Angel Magat

Credit card write-offs fall 65%

Credit cardsLosses on credit cards appear to have passed their peak

The amount of money written off by banks on credit cards fell sharply in the third quarter of the year, Bank of England figures show.

A total of £740m was written off, the lowest figure since the first quarter of 2008.

This is 35% of the £2.1bn record write-off in the second quarter of 2010.

The fall may be due to an improvement in people's finances, reflected by a drop in personal insolvencies and home repossessions this year.

Banks regularly write off large amounts of the money spent on on their credit cards when it becomes clear that the card holders will not repay.

The sums cancelled have at times amounted to 10% of all the outstanding lending on the cards.

These high losses explain why banks and other lenders charge much higher rates of interest on their cards than they do for secured forms of lending such as mortgages.

Write-offs on mortgages, while much lower than on credit cards, also fell, from £184m in the second quarter of 2010 to £134m in the third quarter.

Taking into account other forms of lending, such as bank loans, all bank write-offs fell in the same period, from a record £3.5bn to £1.8bn.

"It looks as if banks are benefiting from their decision a few years ago to be more careful about who they lend to, especially with unsecured lending," said David Black at the financial consultancy Defaqto.

This article is from the BBC News website. � British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Source: http://www.bbc.co.uk/go/rss/int/news/-/news/business-11865590

Raul Riser Lavone Durette Leonard Banfield Jen Blanks

Picasso 'treasure trove' revealed

breaking news

A retired electrician in southern France who worked for Pablo Picasso says he has hundreds of previously unknown works by the artist.

The treasure trove of some 271 pieces includes lithographs, cubist paintings, notebooks and a watercolour, is said to be worth about 60m euros (£50.6m).

The electrician reportedly says he was given the works as gifts by Picasso.

But the estate's administrators have filed a case for alleged illegal receipt of the works of art.

This article is from the BBC News website. � British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Source: http://www.bbc.co.uk/go/rss/int/news/-/news/world-europe-11864660

Mireya Jacquay Enrique Whysong Jackeline Cucchiara Sean Saft

Liverpool's Blitz remembered

People in Liverpool are marking the seventieth anniversary of Liverpool's worst loss of life in the Blitz.

This article is from the BBC News website. � British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Source: http://www.bbc.co.uk/go/rss/int/news/-/news/uk-11860477

Lucia Marth Morris Botts Irmgard Kloeck Vance Debar

Maternity change 'may cost lives'

Ysbyty Glan ClwydThere have been protests over plans to reconfigure maternity services at hospitals such as Glan Clwyd
Related stories

A GP has warned that lives will be lost if plans to reorganise maternity care in north Wales go ahead.

Maternity services may be cut at Ysbyty Gwynedd, Glan Clwyd, and Wrexham Maelor hospitals to provide midwife-led units.

Prestatyn GP Eamonn Jessup said if the change was made at Glan Clwyd mothers would have to travel for emergency caesareans and some babies would die.

Betsi Cadwaladr University Health Board said it aimed to provide "high quality, safe and effective services".

Dr Jessup told BBC Radio Wales' Eye on Wales programme: "If we say there are 10 women in Glan Clwyd that have to have caesareans performed in 15 minutes, they cannot have that done, and that will be five to 10 babies who will die.

"I'm sorry to put it that bluntly, but I really cannot see any way around that, and it will undoubtedly cause perinatal death, I'm afraid."

Four options for maternity services are currently being considered by the health board.

Dr Jessup will be giving evidence this week to an inquiry by the assembly's health, wellbeing and local government committee into the way such reviews are conducted by health boards.

The committee chair, Clwyd West Conservative AM Darren Millar, said the inquiry was sparked by the concerns of constituents about reviews in north Wales, Cardiff and Vale University Health Board, and across other areas of Wales.

"Clearly, if clinicians are telling us that downgrading of services at any of the three district general hospitals would lead to the deaths of mothers or their babies, then we have to listen to that and make sure that there aren't changes which are going to threaten people's lives," said Mr Millar.

"I don't want to see my constituents dying in the back of ambulances on the way to hospital.

“I don't want to see my constituents dying in the back of ambulances on the way to hospital”

Darren Millar Clwyd West AM

Patients' lives

"That's what we've got to prevent, and that's why these review processes have to pause, have to take stock, and have to listen to the public and those clinicians that are making those points."

Mother-of-three Nicola Chan, who had all her children at Glan Clwyd Hospital, is among those campaigning against the proposals.

She gave birth to a fourth baby, who was stillborn, in August and needed an emergency caesarean.

A teacher from Abergele in Conwy, she said: "Where would I be today, had those services not been there for me at the time? It's just impossible to get out to the other two hospitals within the time to have an emergency section, or any emergency care given.

"I think they need to consider lives, and put patients' lives before their budgets."

Betsi Cadwaladr University Health Board said it would allow more time for clinicians to feed into the review process.

A spokesman stressed that the health board was currently engaging with stakeholders over the various options - which are being discussed prior to a more formal consultation process - and that the views of clinicians and the public would be fully considered.

Eye on Wales is broadcast on BBC Radio Wales after the 1300 GMT news on Sunday.

This article is from the BBC News website. � British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Source: http://www.bbc.co.uk/go/rss/int/news/-/news/uk-wales-north-east-wales-11854768

Corina Emms Izetta Dejarnett Richie Kowal Carolina Breznay

Sales up slightly on Black Friday

Shoppers search bins for toys at a Goodwill thrift store in Denver on Black FridayShopperTrak said shoppers were spending more wisely
Related stories

The start of the US Christmas shopping season has seen an increase in customer numbers but only a slight rise in actual spending, data has shown.

The number of people hitting the shops on Black Friday rose 2.2% on last year, research group ShopperTrak said, but sales only rose 0.3% to $10.7bn (£7bn).

Black Friday is the day after the Thanksgiving public holiday. Many shops open overnight and offer discounts.

Many retailers also pushed customers to their websites with online-only sales.

The 0.3% increase in sales on Black Friday followed a 0.5% rise last year.

"This means the American consumer has adapted to the economic climate over the last couple of years and is possibly spending more wisely as the holiday season begins," said ShopperTrak founder Bill Martin.

Online payment service PayPal reported a 27% increase in volumes on the day, compared with Black Friday in 2009.

"The tough economy has made shoppers more price-conscious, and this year's Black Friday results show that they're going online to find the best deals," PayPal's Amanda Pires said.

This article is from the BBC News website. � British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Source: http://www.bbc.co.uk/go/rss/int/news/-/news/business-11857218

Jerold Dax Vannesa Mentel Graig Lozada Mathilda Rusteika