Europe warns about unsustainable pension

Europe warns about unsustainable pensionAccording to the European Commission, lower birth rates of Europe and the ageing population have made it imperative for the EU members to overhaul the pension systems. A report from the Commission suggests automatic adjustment for the age of retirement age because the life expectancy has increased in Europe.

Some of the states of EU have implemented this system. The EU Employment Commissioner, Laszlo Andor has said that the current situation over the pension is simply unsustainable.

Child Abductor dies of self inflicted gun shot

Child Abductor dies of self inflicted gun shotPolice in Louisiana, Mo., have said that a person of interest in the abduction of a 4-year-old Missouri girl has died of a self-inflicted gunshot wound.

KMOX-TV, St. Louis, has reported that Paul S. Smith, 38, shot and critically injured himself as officers approached a home in Lincoln County Wednesday night.

Smith was a registered sex offender who pleaded guilty in 1995 to sodomizing a 10-year-old child, Police further said.

Escorts heads to Africa

EscortsThe Indian tractor maker Escorts Ltd has moved its boat towards the African continent and is planning to expand its footprint in the region. It is believed that after the company has bagged a $40 million order to supply tractors to Tanzania, it has started to take more interest in the African market.

Moreover, a top official of the company recently said that the company will be expanding its presence in the African continent in the times to come.

Bull runs in Spain leaves seven injured

Bull runs in Spain leaves seven injuredOfficials said on Thursday that the second day the bulls ran in Pamplona, Spain, saw seven people injured, including two who were gored.

The Irish Times has reported that one man was gored in the thorax and listed in serious condition while the other man was gored in the left leg, an injury health officials said wasn't life-threatening.

Automobile industry grew by 25% in Q1

Automotive-IndustryRiding on the back of factors like easier availability of finance, expanding economy and aggressive product launches, the Indian automotive industry has been able to post an impressive growth of close to 25% in the first three months of the financial year.

According to the industry body, Society of Indian Automobile Manufacturers (SIAM) the first quarter of 2010-11 may prove to be the most impressive quarter for the financial year, as the body expects the growth to be around 10-18% mark for the next three quarters.

European Parliament congratulated on terrorist finance tracking changes

European Parliament congratulated on terrorist finance tracking changesIt has been reported that U. S. President Barack Obama congratulated the European Parliament on Thursday for approving revisions to the Terrorist Finance Tracking Program.

The program has provided critical investigative leads since its creation after the Sept. 11, 2001, attacks, Obama said in a statement released by the White House.

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