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While U Slept: Big 5 Overnight News. Friday, October 8, 2010

October 8, 2010

CHINESE DISSIDENT LIU WINS NOBEL PEACE PRIZE Pro-democracy activist and Chinese dissident Liu Xiaobo wins the Nobel Peace Prize. China calls the award an “obscenity.” (Reuters)

DANUBE UNHARMED BY HUNGARY’S RED SLUDGE The toxic red sludge from an aluminum plant in Hungary has thus far had little ecological effect on the Danube river, authorities say. (Guardian)

KIM JONG UN CONFIRMED AS NORTH KOREAN LEADER North Korean officials confirm that Kim Jong Un will succeed his father, Kim Jong Il, as North Korea’s leader. (AP)

UAE, BLACKBERRY RESOLVE DIFFERENCES
UAE officials confirm that the country has arrived at an agreement with BlackBerry manufacturer RIM, avoiding the scheduled suspension of BlackBerry services, slated for October 11. (Reuters)

JAPANESE BONDS RISE, CENTRAL BANK RELAXES POLICY Japanese 10-year bonds rise, extending a four-week gain. The yen’s rise to a 15-year high fuels speculation that the Japanese central bank may implement more lenient policy. (Bloomberg)

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