Bloomberg suffers a defeat For the first time in a longtime the mayor suffered a major defeat when the state legislature failed to reauthorize mayoral control. Though he'll probably win it back in September, he was forced Ju...
ROSTOV-ON-DON, Russia (Reuters) - Ousted leader Viktor Yanukovich insisted on Tuesday that he remained Ukraine's legitimate president and commander-in-chief, saying he would return to Kiev and appealing to the armed forces to defy any "criminal orders" handed down by his foes. In a defiant statement delivered in Russia, to where he fled last month, Yanukovich attacked what he called the "band of ultranationalists and neo-fascists" that have replaced his government, and criticized their Western backers. Have you forgotten what fascism is?" Yanukovich told reporters in the southern city of Rostov-on-Don in his second such appearance since his overthrow on February 22. His made his remarks after Ukraine's acting president told parliament of plans to raise a new national guard to protect against internal and external threats.
Malaysia's military believes it tracked the missing Malaysia Airlines jetliner by radar over the Strait of Malacca, far from where it last made contact with civilian air traffic control off the country's east coast, a military source told Reuters. It made it into the Malacca Strait," the military official, who has been briefed on investigations, told Reuters.
Bank of England Governor Mark Carney and other top policymakers from the central bank are speaking in Britain's parliament. Below are highlights from their comments in a hearing of the Treasury Committee in the House of Commons. GOVERNOR MARK CARNEY: RAISING RATES, UNWINDING QE "Any unwinding of QE should occur after several adjustments in interest rates." (Asked on the position of the former Bank of England governor that when the time came to tighten, interest rates would rise by 0.25 percent and then quantitative easting would start to be unwound, Carney said): "My personal view would be that it would be more appropriate to, most appropriate to, adjust interest rates to a greater degree than that before we considered adjustment in the quantitative easing programme, and that's based on a pragmatic sense of where we would have flexibility.