News Headlines - 17 March 2013
▽Cyprus bailout: Q&A - Telegraph
Cyprus is to receive a €10bn bailout from the eurozone to recapitalise its ailing banking system in return for a series of drastic measures which will hit the country’s savers. But why has Cyprus had to be bailed out, and why are savers having to help foot the bill?
▽Japan hits top of Asian IPO chart - FT.com
Companies have raised more cash in Tokyo this year than in Asia’s other developed markets put together, taking Japan to the top of the region’s initial public offering charts. As investors have warmed to the pro-growth policies of Shinzo Abe, prime minister, since the beginning of January, newcomers to Japan’s markets have raised Y181bn ($1.9bn) - more than issuers in Singapore, Hong Kong and Australia combined, according to data from Bloomberg.
▽US to reinforce missile defences to counter North Korea 'provocations' | guardian.co.uk
The US is to strengthen its missile defence shield on the Pacific coast in response to North Korea's strides in developing nuclear weapons and threats of war, defence secretary Chuck Hagel announced on Friday.
▽Pope Francis tells Vatican to prepare for change - Telegraph
Pope Francis has put the Vatican hierarchy on notice of sweeping changes as he prepares this week to study a secret report into skulduggery and intrigue within the Church's dysfunctional governing body
Scientist have found a thriving community of microbes living at the deepest known point on the surface of the Earth – a massive underwater canyon in the Pacific Ocean 11km (6.8 miles) below sea level.
