USA - Kodak prepares for Chapter 11 filing: report

Published on Jan 5, 2012 by Euronews

http://www.euronews.net/ Eastman Kodak is reportedly preparing to file for bankruptcy protection from its creditors in case it is unable to sell its digital patents to raise cash.

The Wall Street Journal said that could come later this month or early February.

The once-iconic photographic film pioneer's cash reserves are dwindling and it has been looking for a buyer for its 1,100 digital patents since last July.

China - trade surplus narrows to the equivalent of 125 billion euros.

Published on Jan 5, 2012 by Euronews

http://www.euronews.net/ China's trade surplus shrank slightly last year to the equivalent of 125 billion euros.

Export growth fell, hit by weaker demand from key export markets -- Europe and the US -- but there was also a rise in imports.

Beijing has vowed to boost domestic demand and increase imports to create a better trade balance in the face of criticism particularly from Washington.

Philippines - Landslide Buries Dozens, either dead or missin

Published on Jan 5, 2012 by AssociatedPress

Dozens are either dead or missing after a massive landslide in the Southern Philippines. The landslide occurred in an area where thousands of poor people come to dig or pan for gold.

Italy - Raw Video: Mount Etna Erupts

Published on Jan 5, 2012 by AssociatedPress

Italy's Mount Etna volcano is erupting, for the first time of the new year. Etna, on the island of Sicily, is considered Europe's most active volcano.(Jan. 5)

USA - President Barack Obama Unveils New Strategy for Smaller Military

Published on Jan 5, 2012 by AssociatedPress

President Barack Obama insists the United States will maintain what he calls the best-equipped military in history despite deep and looming defense budget cuts. (Jan. 5)

Britain - David Cameron promises Government will remove the fear of businesses being strangled by red tape

Uploaded by telegraphtv on Jan 5, 2012

The Prime Minister promises the Government will remove the fear of being
strangled by red tape from running a business.

Britain - Winds cause disruption Overnight gusts of up to 112mph in the Pennines.

Uploaded by BBCNewsHeadlines on Jan 5, 2012

Strong winds have been causing damage and disruption across the country, with overnight gusts of up to 112mph in the Pennines.

Thousands of homes and businesses are without power in England and Scotland.

BBC weather forecasters said strong winds would persist until early evening on Thursday, with 60 to 70mph winds on north-western coasts. Ed Thomas reports.

Pakistan - British Red Cross doctor kidnapped in Quetta

Uploaded by telegraphtv on Jan 5, 2012

Police say they are working to trace a getaway car before it leaves the southwestern city of Quetta, after gunmen kidnapped a British doctor working with the International Committee of the Red Cross