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What Happened on 12 December 2012

North Korea Launches Rocket, Defies International Warning

Defying international warnings, North Korea test fired a long-range rocket on Wednesday morning. Washington believed that this launch is North… Read More.

IMF Loan Postponed; Judges May Boycott Egypt Referendum

On Tuesday the Morsi administration in Egypt put off signing a vital $4.8-billion International Monetary Fund loan to Egypt. Finance… Read More.

Global Trends 2030 Predicts More Power To Asia

The Global Trends 2030 report predicts that Asia will outpace the US and European economies by 2030. “China alone will… Read More.

HSBC fined $1.9B for money-laundering anti-terror breaches

The United States has levied a fine of $1.9 billion against HSBC, one of the world's biggest banks for breaching… Read More.

N Rock forced to pay £270m to loan customers

Over 152,000 Northern Rock Asset Management customers in the UK are likely receive hundreds of pounds as a for compensation… Read More.

US Sets Price on Remaining AIG Shares

The US Treasury Department has agreed to sell the remaining 234 million shares which were received as part of the… Read More.

Saints Players Suspension in Bounty Case Lifted

Former NFL Commissioner Paul Tagliabue revoked the suspension of four New Orleans Saints players. The suspension was related to the… Read More.

Gareth Barry Faces Misconduct Charges

Manchester City midfielder Gareth Barry could miss the big game on Saturday at Newcastle following charges of "using abusive and/or… Read More.

Twitter Challenges Instagram Preview Removal

In partnership with software maker Aviary Inc, Twitter unveiled a set of photo filters that enable the user to adjust… Read More.

Yahoo Revamps Email

Marissa Mayer unveiled the first major change she has initiated in Yahoo since she took over as CEO - Yahoo… Read More.

Celebrated Indian Sitarist, Ravi Shankar Dies

The man who can be credited with introducing Indian classical music to the west, legendary Indian sitarist Ravi Shankar died… Read More.

Spice Girls Reunite; Musical Opens To Much Fanfare

On Tuesday night the Spice Girls reunited in London for the premiere of a West End show based on their… Read More.