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Wednesday 1 October 2014

Icelandic bank chiefs jailed

Two former executives at an Icelandic bank which collapsed in the 2008 financial meltdown have been sentenced to jail for fraud which led to a ¤53m loss, in the first major trial of Icelandic bankers linked to the crisis.

Glitnir was the first to fall after the collapse of Lehman Brothers caused international credit markets to freeze up.

A Reykjavik court yesterday sentenced Glitnir's former chief executive, Larus Welding, and former head of corporate finance, Gudmundur Hjaltason, each to nine months in jail, of which six months were suspended for two years. They had denied the charges.



Two al-Qa'ida militants killed

Yemeni security officials say an airstrike has killed two alleged al-Qa'ida militants in the southeastern province of Hadramawt.

Security officials and residents suspect that yesterday's attack was carried out by a US drone.

Washington considers al-Qa'ida in Yemen the group's most dangerous branch and has carried out drone strikes that have killed militants there before.



Record low for murders in NY

The number of New York City murders is expected to hit a record low this year, and shootings are at their lowest point in at least 18 years.

Mayor Michael Bloomberg and Police Commissioner Raymond Kelly credited police efforts as they announced the statistics.

So far, there have been 414 homicides this year. That's the fewest since reliable record-keeping for homicides began in 1963. There have been 1,353 shootings this year. Comparable records for shootings go back to 1994.



Airstrike leaves 14 dead in Syria

Anti-regime activists say a government airstrike on a town in north Syria has killed 14 people, including two women and eight children.

The Britain-based Syrian Observatory for Human Rights said the 14 were killed in a strike yesterday on the town of al-Safira, south of the northern city of Aleppo.

An activist said the government often strikes the town because rebels are attacking a large military complex on its outskirts.

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