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Hague court to order Russia to pay $50 billion in Yukos case: paper

Shareholders in defunct oil giant Yukos won a court battle against Russia in one of the largest-ever commercial legal cases, in which Moscow must pay $50 billion for expropriating the assets, Kommersant daily said, citing unnamed sources. It said the Permanent Court of Arbitration in the Hague would announce later on Monday that Russia must pay the compensation - half of the original $100 billion claim - to former shareholders in the company, once Russia's largest oil producer. The newspaper said Russia was expected to appeal against the ruling. The claim in the Hague was made by subsidiaries of Gibraltar-based Group Menatep, a company through which Mikhail Khodorkovsky, once Russia's richest man, controlled Yukos.


Man dies after lightning strike affects 14

LOS ANGELES (AP) — A coroner's official says a 20-year-old man has died after lightning struck or rattled 14 people at popular Venice Beach in Los Angeles and Catalina Island.


Pacific summit to urge action on climate change

Pacific island leaders will renew calls for meaningful action on climate change at a regional summit opening in Palau on Tuesday, amid fears rising seas will swamp their low-lying nations. Many of the 15 nations represented at the Pacific Islands Forum (PIF) lie barely a metre (three feet) above sea level, and regard themselves as the frontline of climate change, an issue they say threatens their very existence. While emissions controls and carbon footprints can seem like abstract concepts in the climate debate, Palau President Tommy Remengesau said Pacific island nations were already facing the reality of global warming.


Sarah Palin launches online subscription channel

NEW YORK (AP) — Sarah Palin has started her own subscription-based online network.


UN Security Council calls for Gaza cease-fire
UNITED NATIONS (AP) — The U.N. Security Council called for "an immediate and unconditional humanitarian cease-fire" in the Gaza war between Israel and Hamas at an emergency meeting just after midnight Monday morning.
First-place Dodgers complete sweep of Giants

SAN FRANCISCO (AP) — Manager Don Mattingly hardly considers a late-July sweep in San Francisco a turning point to put his Dodgers in the driver's seat atop the NL West.


Gaza war rages despite Hamas, Israel truce pledges

GAZA CITY, Gaza Strip (AP) — Israel and Hamas launched new attacks Sunday in the raging Gaza war, despite going back and forth over proposals for a temporary halt to nearly three weeks of fighting ahead of a major Muslim holiday.


Obama could curb corporate 'inversions' on his own: ex-U.S. official

By Kevin Drawbaugh WASHINGTON (Reuters) - President Barack Obama could act without congressional approval to limit a key incentive for U.S. corporations to move their tax domiciles abroad in so-called "inversion" deals, a former senior U.S. Treasury Department official said on Monday. By invoking a 1969 tax law, Obama could bypass congressional gridlock and restrict foreign tax-domiciled U.S companies from using inter-company loans and interest deductions to cut their U.S. tax bills, said Stephen Shay, former deputy assistant Treasury secretary for international tax affairs in the Obama administration.


Northern California wildfire destroys 13 homes
PLYMOUTH, Calif. (AP) — Firefighters in Northern California made progress Sunday against a wildfire that has destroyed 13 homes and forced hundreds of evacuations in the Sierra Nevada foothills, while a fire near Yosemite National Park that destroyed one home grew significantly overnight.
UN Security Council calls for 'immediate and unconditional humanitarian cease-fire' in Gaza
UNITED NATIONS (AP) — UN Security Council calls for 'immediate and unconditional humanitarian cease-fire' in Gaza.

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