2012 YEAR IN REVIEW

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  • Airbus adamant no room for more talks in cancelled Japan jet deal
    Airbus adamant no room for more talks in cancelled Japan jet deal

    Airbus on Thursday said its decision to cancel a $2.2 billion jet order from Skymark Airlines was final, rejecting the Japanese carrier's suggestion that talks were still ongoing. The European aircraft maker said this week it had informed Skymark that its purchase of six A380 superjumbos "has been terminated", just hours after the airline said it was still locked in tough negotiations. Skymark's Tokyo-listed shares plunged in the wake of Airbus announcement, wiping out a quarter of its market value -- amounting to about $64 million -- in just two sessions. A spokesman for the European firm's Tokyo unit told AFP Thursday: "We will not talk about the issue of the shipment anymore, as we have cancelled the order." He added that Airbus would now be working on a compensation package over the failed deal, which was signed three years ago.

  • Say 'cheese' (and a few four-letter words): Sky divers leap from 33,000 feet

    Two French sky divers leapt from a plane, about 33,000 feet in the air, and captured this breathtaking photo.

  • AP Analysis: Putin cornered over Ukraine
    AP Analysis: Putin cornered over Ukraine

    MOSCOW (AP) — For Russian President Vladimir Putin, there are few options left in the Ukraine crisis and they all look bad.

  • France mulls ban on radical Jewish group
    France mulls ban on radical Jewish group

    France is considering disbanding a radical Jewish group whose members clashed with pro-Palestinian activists during rallies over Israel's offensive in Gaza, a source close to the case told AFP on Thursday. News of the mooted ban on the Jewish Defence League (LDJ) came just ahead of an evening pro-Israel demonstration outside the Jewish state's embassy, located near the French prime minister's office. Police said around 4,500 people joined the rally called by the Representative Council of Jewish Institutions in France (CRIF). They were held in response to weeks of pro-Palestinian protests that have been marred by clashes, arrests and allegations of anti-Semitism in which synagogues were targeted and Israeli flags burnt.

  • Obama to GOP: 'Stop just hating all the time'
    Obama to GOP: 'Stop just hating all the time'

    KANSAS CITY, Mo. (AP) — Pointing the finger at Republicans for congressional inaction, President Barack Obama chided lawmakers Wednesday for spending the waning days before their month-long summer break trying to sue him rather than addressing economic issues that could boost the middle class.

  • 2 women survive ordeal along Indiana rail bridge
    2 women survive ordeal along Indiana rail bridge

    BLOOMINGTON, Ind. (AP) — A video camera captured the terrifying plight of two women as a freight train bore down on them as they walked along an 80-foot-high railroad bridge in Indiana.

  • Researchers: World Trade Center ship dates to 1773
    Researchers: World Trade Center ship dates to 1773

    Researchers say a ship unearthed at the site of New York's World Trade Center predates American independence.

  • U.S., U.N. announce deal on 72-hour Gaza cease-fire
    U.S., U.N. announce deal on 72-hour Gaza cease-fire

    Israel and Hamas have agreed to a 72-hour humanitarian cease-fire beginning Friday, during which time there will be negotiations on a more durable truce in the 24-day-old Gaza war, the United States and United Nations announced Thursday.

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