Xi Jinping is new leader of China's Communist Party
China’s Vice President Xi Jinping
was appointed as the new General Secretary of the ruling Communist Party, succeeding President Hu
Jintao who retired as the head of the Party and the powerful military after a 10- year stint. As per the
constitution of the party, the top leadership retires every ten years and a new
set of leaders are unveiled to lead
China, the world’s second largest economy. While the new leader would take charge of the Party now he would
formally take over the government from March 2013, when the NATIONAL
legislature called the National
People’s Congress (NPC) holds it annual session. Until then Hu and other leaders would continue in their
Government posts.
Ami Bera wins US Congressional
elections: report
Ami Bera won the Congressional
election from California, creating history by becoming only the third Indian- American ever to have been
elected for the US House of Representatives. Bera has defeated incumbent Republican Dan Lungren for the
election to California's Seventh Congressional District held on November 6.
In a first, Army to recruit Tamil
women soldiers
The Army at present entirely
Sinhalese is set to recruit Tamil women. At a special ceremony arranged by the Army in the former LTTE capital,
Kilinochchi, about 100 women in the age group of 18-22 will be selected to undergo training. Asked if some
of the former LTTE women wing members would also be recruited, the official said anyone can take
part in the selection process
Chanda Kochhar is top
businesswoman
ICICI Bank MD and CEO Chanda
Kochhar has been named as the most powerful women in business in India for the second consecutive
year by Fortune Magazine. Mallika Srinivasan of TAFE and Aruna Jayanthi of Capgemini India follow Kochhar
in the second and third place, respectively. In the Fortune list of 50 most powerful businesswomen, there are
six new entrants. While 19 have moved up their places, 17 have witnessed a decline in their
rankings. The other women who figure in the top 10 of the Fortune India's 50
most powerful women in business
are - Shikha Sharma, MD & CEO, Axis Bank; Vinita Bali, Managing Director, Britannia Industries;
Shobhana Bhartia, Chairperson, HT Media; Preetha Reddy, Managing Director, Apollo Hospital Enterprises; Zia
Mody, Co-founder, AZB Partners; Chitra Ramkrishna, Joint Managing Director, NSE; and Roopa Kudva,
Managing Director & CEO, CRISIL.
ArcelorMittal to sell 50% in Kalagadi
Mang for $447m
The world's largest steelmaker
ArcelorMittal said it has reached a pact to sell its 50 per cent stake in South African miner Kalagadi Manganese
for $447 million to chairperson of joint venture partner Kalahari Resources.
US to take steps to fill FHA
capital hole
The Obama administration said it
planned to take steps to fill a capital hole at the Federal Housing Administration to lessen the need
for a taxpayer bailout. The Department of Housing and Urban Development said an independent actuary
had found that the mortgage insurance agency's capital reserve ratio - a gauge of its buffer
against loan losses - had fallen into negative territory and represented a
negative economic value of $16.3 billion.
Lonely 'homeless' planet found
for the first time
Astronomers for the first time
have discovered a young "homeless planet", up to seven times the size
of Jupiter and with no gravitational
ties. The lonely planet, called CFBDSIR2149 at the moment does not orbit a star. It is the first isolated
planet of its kind ever to be discovered by scientists, after more than a
decade of searching in a process described
as looking for a single needle in amongst thousands of haystacks. Freefloating
planets are planetary-mass
objects that have no gravitational link to a star. The planet is in fact called CFBDSIR2149 and appears to be
part of a group of very young stars known as the AB Doradus Moving Group
Detroit's Miguel Cabrera wins
Ameircan League's MVP award
Detroit's Miguel Cabrera won the
American League's Most Valuable Player award after becoming major league baseball's first Triple
Crown winner in 45 years, and San Francisco's Buster Posey was voted the National League honour. Cabrera
received 22 of 28 first-place votes and 362 points from the AL panel of Baseball Writers' Association of
America to easily beat out Los Angeles Angels center fielder Mike Trout, who had six firsts and 281 points.
Ireland to clarify abortion rules
after Indian woman's death
Ireland's government pledged to
clarify its abortion laws after an Indian woman who was refused a termination died from blood
poisoning in an Irish hospital. Activists in the overwhelmingly Roman Catholic country, which has some of the
world's most restrictive laws on abortion, say the refusal by doctors to terminate the pregnancy earlier
may have contributed to her death. Irish law does not specify under what circumstances the threat to the
life or health of the mother is high enough to justify a termination, leaving
doctors to decide. Critics say this
means doctors' personal beliefs can play a role.
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