News Headlines - 17 July 2012

▽HSBC apologises as key U.S. Senate hearing starts | Reuters

HSBC Holdings Plc will put itself at the mercy of the U.S. Senate on Tuesday, acknowledging shortcomings in its anti-money laundering operations and promising to fix what a scathing report called a "pervasively polluted" culture at the bank.

▽Investors warn against delaying wind energy subsidy cut decision | guardian.co.uk

Investors have warned that government delays in deciding the future of onshore wind energy subsidies could jeopardise billions of pounds of investment and damage the prospects for new green jobs in the UK.

▽North Korean military appointment masking leadership power struggle - Telegraph

The changes in personnel within the highest echelons of the North Korean military mask a power struggle that has concluded - for now - with Choe Ryong-hae emerging as the most powerful man in the regime and the "puppet-master" behind Kim Jong-un.

▽Tokyo says ‘no’ to nukes | euronews

Tens of thousands of people rallied at a Tokyo park July 16 demanding that Japan abandon nuclear power. The country is preparing to restart another reactor shut down after last year’s Fukushima nuclear disaster.

▽Border Agency’s IT system runs ￡28m over budget and a year behind schedule

The Border Agency’s ￡385m Immigration Case Work IT (ICW) project is running ￡28m over budget and one year behind schedule, the National Audit Office has said.