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World In Brief: 11 prisoners die in jail shootout

AT LEAST 11 inmates in a Sri Lankan prison were killed in a shootout with security forces and 12 others were wounded yesterday.

Sri Lankan security forces engaged in a gun battle with rioting prisoners who appeared to have taken control of at least part of the prison in the capital, Colombo.

Police spokesman Prishantha Jayakody said the fighting began when police commandos went to Welikada prison to conduct a search and were attacked by inmates hurling stones.

Spanish airline to lay off 4,500

International Airlines Group warned that its Spanish carrier, Iberia, was "in a fight for survival" and unveiled a restructuring plan to cut 4,500 jobs as it reported a drop in third-quarter profit.

Iberia CEO Rafael Sanchez-Lozano said the carrier was losing money in all its markets and was "burning ¤1.7m every day".

IAG, which was formed in early 2011 by the merger of British Airways and Iberia, has given the Spanish unions a January 31 deadline to reach agreement on the job cuts.

Electrical chain lets 330 go

More than 300 staff have been made redundant at stricken UK electricals retail chain Comet.

Administrator Deloitte announced 330 job losses across Comet's head office and support centres, but stressed there had been no redundancies among shop staff and all Comet's 236 stores remain open.

The bulk of the staff cuts have been made in Comet's head office in Hertfordshire, as well as its site in Hull and call centre in Somerset.

Funeral for slain family

The family of 10 Colombian peasants killed by drug-trafficking paramilitaries are burying their loved ones after the country's worst massacre in years.

A wake and a service were held for the nine men and one woman.

Officials say gunmen from a group known as 'Los Rastrojos' stormed the farm in the municipality of Santa Rosa de Osos, about 275km northeast of the capital of Bogota.