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Crew, captain blamed for South Korean ship tragedy WELLINGTON: An investigation into the sinking of a South Korean trawler southeast of New Zealand with the loss of 22 lives two years ago has found the captain and crew to blame.   The Insung I sank on December 13, 2010, in the Antarctic Ocean and inside the New Zealand search and rescue region. Of the 42 people on board, five bodies were recovered and 17, including the captain, were never seen again.   The Korean Maritime Safety Tribunal found the vessel sank because the crew failed to keep the trawling and fishing gear passageway doors shut while sailing in bad weather, allowing sea water to flow in and destabilise the ship.   The tribunal's report, released by New Zealand's Transport Accident Investigation Commission Saturday, also found the loss of life "indicates the captain's failure to evacuate the ship in a timely manner".   The ship management was blamed for failing to provide adequate safety instructions and training ...

One dead as train crashes, derails in Australia SYDNEY: One man died and at least six other people were injured Saturday when a train collided with a truck and derailed in the southern Australian state of Victoria, police said.   The accident happened when a truck attempting to drive across a level crossing in the Melbourne suburb of Dandenong South was struck by the passenger train, police investigators have been told.   "As a result of the collision, one of the train carriages tipped over while three ...

NEW YORK: Stronger-than-expected hiring by US employers in October and a small increase in the jobless rate will have a neutral or insignificant impact on US presidential elections next week, according to most economists surveyed in a Reuters poll on Friday.   Twenty-four economists said the payrolls data would have a "neutral" impact on next Tuesday's elections, while 15 said the data would have an insignificant impact. Ten economists said the data would have a significant impact, ...

Irish tax revenue only just ahead of target in Oct  DUBLIN: Ireland stayed only marginally ahead of its revenue goal for the year at the end of October as its outperformance slipped to 0.3 percent from 1.5 percent last month.   The better-than-expected tax take was offset again by government overspending. Department expenditure came in 1.2 percent above target versus 2.0 percent in September, chiefly due to the swollen health and social protection budgets.   Ireland's budget deficit fell to 14.1 billion euros ($18.1 billion) from 22.2 billion a ...

US jobs growth quickens, giving Obama some relief  WASHINGTON: US employers stepped up hiring in October and a small increase in the jobless rate was due to more workers restarting their job hunts, a hopeful sign for a lackluster economy that has been a drag on President Barack Obama's re-election bid.   Employers added 171,000 people to their payrolls last month, the Labor Department said on Friday. The government also said 84,000 more jobs were created in August and September than previously estimated.   The jobless rate ...

460,000 without power in New York four days after storm  NEW YORK: More than 460,000 people remained without power in New York on Friday, four days after superstorm Sandy hit the city but electricity was now being quickly restored, Mayor Michael Bloomberg said.   "Since yesterday to this time, light has come back to about 70,000 more customers across the city," Bloomberg told a news conference.   He said about half of those still without power were in Manhattan but added that there should be electricity on most of ...

Uruguay economy to grow 3.5pc in 2012, 4pc 2013: IMF  WASHINGTON: Uruguay's economy is set to grow 3.5 percent this year and 4 percent in 2013, but persistent inflation remains a concern for the South American country, the International Monetary Fund said on Fri day.   Uruguay's central bank recently raised its benchmark interest rates to cool inflation expectations. But price growth remains stuck above the government's 4 to 6 percent target range, the IMF said after its annual mission visit to the country. The IMF had ...


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