News Headlines - 14 June 2012

▽Spain borrowing costs add pressure to seek EU rescue funds | Business | guardian.co.uk

The interest rate on Spain's benchmark 10-year bonds rose as much as 25 basis points to a euro-era high of 7.02%, breaching the level that triggered a collapse in confidence in Portugal, Ireland and Greece.

▽Angela Merkel rejects 'miracle solutions' as Spain debt costs soar - Telegraph

Spain's 10-year bond yield hit a euro lifetime high of 7pc - a staging post above which Greece, Ireland and Portugal were driven to seek international rescues - despite last weekend's euro zone agreement to lend Madrid up to €100bn to recapitalise ailing banks.

▽Japanese mayor approves plan to restart nuclear power plant | Environment | guardian.co.uk

Japan has taken a potentially decisive step towards restarting two of its idled nuclear reactors after the mayor of a town located near a power plant approved plans to bring it back into operation.

▽AFP: Japan's Hitachi says atomic power sales to double

Japan's Hitachi said Thursday it would more than double its nuclear power business within a decade owing to growing overseas demand and post-disaster work at the crippled Fukushima atomic plant. The industrial group said the unit's annual sales would reach 360 billion yen ($4.5 billion) in the fiscal year to March 2021, compared with 160 billion yen for its latest fiscal year ended in March.

▽Sun journalist arrested as three more are held over alleged corrupt payments to police | Mail Online

A Sun journalist was arrested today as three more people were held over corrupt payments made... There have now been 33 people arrested under Operation Elveden, the Metropolitan Police investigation into alleged corrupt payments to public officials. The investigation is being run alongside Operation Weeting, the probe into phone-hacking.