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Wednesday, August 31, 2011

China confronts Indian navy vessel

China confronts Indian navy vessel

China confronts Indian navy vessel

Posted: 31 Aug 2011 10:48 AM PDT

Latest example of naval assertiveness by Beijing, which claims the South China Sea in its entirety, rejecting claims by its neighbours

Portugal promises biggest cuts in over 50 years

Posted: 31 Aug 2011 08:58 AM PDT

Lisbon has announced new austerity measures designed to cut Portugal's budget deficit to almost zero in under five years

Tripoli celebrates Eid without Gaddafi

Posted: 31 Aug 2011 10:57 AM PDT

Tripoli residents said this Eid, marking the end of the annual Ramadan fast, is an emotional staging point after an extraordinary 10 days

US defence contractors ‘waste’ $12m a day

Posted: 31 Aug 2011 11:37 AM PDT

Report says more than $60bn misspent in past 10 years, exacerbating fears in Washington over fiscal discipline ahead of looming budget cuts

Youth’s death stokes Bahrain unrest fears

Posted: 31 Aug 2011 05:47 AM PDT

Teenager dies on the island of Sitra, with activists claiming he was killed by police clamping down on protests, which the government denies

Syrian businessmen fear slow economic death

Posted: 31 Aug 2011 09:38 AM PDT

With fresh EU sanctions against Damascus about to be announced, anxiety among the country's powerful business elite is growing

China’s property boom fuels romantic revolution

Posted: 31 Aug 2011 07:20 AM PDT

So-called naked weddings – where a couple marries without traditional assets – are growing in popularity, encouraged by high real-estate prices

Poverty crisis in US gambling paradise

Posted: 31 Aug 2011 06:33 AM PDT

Joblessness in some parts of Las Vegas exceeds 20% and large numbers of people are focused on where their next meal will come from

Crisis exposes weakness of Italian coalition

Posted: 31 Aug 2011 11:33 AM PDT

Silvio Berlusconi's scandal-ridden coalition government is still in disarray, mired in squabbles over the shape of its austerity package

Sarkozy denies fresh Bettencourt cash claims

Posted: 31 Aug 2011 09:48 AM PDT

The office of the French president has denied new allegations that he took undeclared campaign cash from the heiress to the L'Oreal fortune
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Tuesday, August 30, 2011

Dispute over control of Libya $65bn fund

Dispute over control of Libya $65bn fund

Dispute over control of Libya $65bn fund

Posted: 30 Aug 2011 12:44 PM PDT

A dispute has erupted over control of Libya's $65bn sovereign wealth fund, as the national transitional council attempts to maintain stability in the oil-rich nation

Outcry over Berlusconi budget reversal

Posted: 30 Aug 2011 10:19 AM PDT

The move risks market confusion and a fresh confrontation with the European Central Bank

Violent clashes outside Malema hearing

Posted: 30 Aug 2011 06:43 AM PDT

South African police use water cannon to disperse the ANC youth leader's supporters, who had been burning ANC flags and t-shirts of Jacob Zuma

US rolls eyes at Japan’s PM revolving door

Posted: 30 Aug 2011 12:40 PM PDT

There is frustration in Washington at the succession of short-term prime ministers as well as disappointment at the performance of the DPJ

General says Beijing concealed spying cases

Posted: 30 Aug 2011 08:52 AM PDT

Eight senior officials who allegedly sold state secrets to foreign countries but were convicted on corruption charges were named in the leaked video

German MPs to draft rescue rules

Posted: 30 Aug 2011 12:21 PM PDT

The German government took a step towards securing parliamentary support for controversial changes to the eurozone's financial rescue fund

Fed official makes plea for more stimulus

Posted: 30 Aug 2011 12:16 PM PDT

Member countenances letting inflation rise above 2% ceiling, while US central bank staff permanently cut growth forecasts

Hurricane funds reignite US budget debate

Posted: 30 Aug 2011 11:06 AM PDT

Republican demands spending cuts to offset relief in what has emerged as the new front line in the budget battle in Washington

India sees rise in one-child families

Posted: 30 Aug 2011 08:20 AM PDT

Competition for jobs is driving the trend as parents concentrate resources to help their children pursue white-collar careers

Panama Canal upgrade sparks US ports battle

Posted: 30 Aug 2011 10:46 AM PDT

Terminal operators, rail companies and state governments are jostling to win the new traffic they expect to be generated by the bigger ships
Posted by Anonymous at 1:17 PM 0 comments

Monday, August 29, 2011

Libyan rebels continue advance on Sirte

Libyan rebels continue advance on Sirte

Libyan rebels continue advance on Sirte

Posted: 29 Aug 2011 11:15 AM PDT

Commanders say they are still hoping the city will surrender without a fight, but they have released no news about negotiations with local leaders

Eloquent orator seen as safe choice

Posted: 29 Aug 2011 09:48 AM PDT

The PM-apparent portrayed the political management challenges facing the beleaguered ruling party as akin to 'pushing a snowman uphill'

Trichet and Rehn defend Europe’s banks

Posted: 29 Aug 2011 10:27 AM PDT

After months of focusing on eurozone government debt, the sudden assault on banks has taken European officials somewhat by surprise

Krueger to head Obama’s economic council

Posted: 29 Aug 2011 07:14 AM PDT

Labour economist from Princeton University has been appointed as the head of the US president's Council of Economic Advisers

US authorities assess hurricane aftermath

Posted: 29 Aug 2011 12:15 PM PDT

Irene leaves 30 people dead and 5.5m businesses and homes without power, as states along the US east coast begin massive clean-up effort

UN at stalemate over Syria

Posted: 29 Aug 2011 09:38 AM PDT

The Security Council is considering competing resolutions on how to deal with the regime crackdown, neither of which has the support to pass

Ravers bring hope to Nevada ghost town

Posted: 29 Aug 2011 08:45 AM PDT

The only hope of survival for the former home of US Gypsum may come from the 50,000 ravers who pass by every August on their way to a desert festival and buy up the convenience store's supplies

Bahrain’s king makes gesture of reconciliation

Posted: 29 Aug 2011 06:43 AM PDT

The king has pardoned some protesters and said he will look at reinstating about 500 workers and students sacked or excluded from university

Berlusconi in austerity package talks

Posted: 29 Aug 2011 05:12 AM PDT

Italy's prime minister seeks to resolve differences within the ruling coalition over amendments to the government's €45.5bn austerity package

Russian parliamentary poll set for December

Posted: 29 Aug 2011 11:14 AM PDT

The long-awaited announcement on presidential succession for 2012 is likely to take place soon after the parliamentary election results are announced
Posted by Anonymous at 1:26 PM 0 comments

Sunday, August 28, 2011

New York escapes worst of hurricane

New York escapes worst of hurricane

New York escapes worst of hurricane

Posted: 28 Aug 2011 12:16 PM PDT

New York turns its attention to cleaning up as Hurricane Irene is downgraded to a tropical storm but concerns over flooding remain

Damascus protests show signs of escalation

Posted: 28 Aug 2011 09:20 AM PDT

The Arab League has announced plans to send its secretary-general to Syria to demand an end to more than five months of conflict

Drone kills al-Qaeda’s deputy leader, US says

Posted: 28 Aug 2011 09:26 AM PDT

A senior US official says Atiyah Abd al-Rahman was killed by an unmanned drone on August 22 in the north-western Waziristan region

Loyalist strongholds test Libya’s new rulers

Posted: 28 Aug 2011 10:45 AM PDT

Ruling council's handling of areas with ties to the old regime will test their fitness to govern and their pledge to uphold human rights

Estimates for US corn harvest cut

Posted: 28 Aug 2011 11:17 AM PDT

Fears are being raised over food price inflation as analysts cut estimates of how many bushels of corn will grow due to the heat last month

Hazare ends hunger strike

Posted: 28 Aug 2011 07:29 AM PDT

Indian activist breaks his 13-day fast after parliament closed ranks and passed a resolution in favour of tougher anti-corruption laws

Gamble on Libya pays off for Qatar

Posted: 28 Aug 2011 09:24 AM PDT

Through its diplomatic and military support for the rebels, Doha has emerged as a regional player able to deploy more than soft power
Posted by Anonymous at 1:21 PM 0 comments

Saturday, August 27, 2011

Lagarde calls for urgent action on banks

Lagarde calls for urgent action on banks

Lagarde calls for urgent action on banks

Posted: 27 Aug 2011 10:29 AM PDT

Christine Lagarde says countries must act now to deal with rising risks to the economic recovery, in one of the starkest warnings from a senior policymaker about the danger of a global slowdown

Hurricane Irene lashes eastern seaboard

Posted: 27 Aug 2011 09:48 AM PDT

Winds up to 90mph lash the coast leaving thousands of people without electricity as hurricane Irene approaches the eastern seaboard

Singapore election goes to recount

Posted: 27 Aug 2011 11:18 AM PDT

Officials order a recount as just 7,000 votes separate ruling party candidates in Singapore's presidential election

Cypus approves emergency fiscal package

Posted: 27 Aug 2011 08:15 AM PDT

Opposition parties unite behind austerity measures amid fears that Cyprus could be forced to ask for a eurozone bail-out

Oligarch sets tough goals for Dagestan team

Posted: 26 Aug 2011 10:51 AM PDT

Suleiman Kerimov aims to give Anzhi Champion League football and to bring stability to the troubled Caucasus region
Posted by Anonymous at 1:31 PM 0 comments

Friday, August 26, 2011

Rebels seek definitive end to Gaddafi era

Rebels seek definitive end to Gaddafi era

Rebels seek definitive end to Gaddafi era

Posted: 26 Aug 2011 11:29 AM PDT

The disappearance of the Libyan leader is boosting his image as an evil genius with what some in Tripoli seem to see as almost supernatural powers

Bernanke hints at more Fed support

Posted: 26 Aug 2011 11:27 AM PDT

Federal Reserve chairman drops broad hint that the US central bank will soon do more to support the ailing economy and calls on Washington to do more

Obama urged to put jobs before politics

Posted: 26 Aug 2011 09:22 AM PDT

President told to abandon political pragmatism and state a bold defence of the government's role in reducing unemployment, amid signs of internal divisions over his speech about jobs

Greece threatens to scrap €135bn debt swap

Posted: 26 Aug 2011 08:13 AM PDT

Athens is demanding that at least 90% of private investors sign up for the deal if it is to go ahead

EU edges closer to Syrian oil sanctions

Posted: 26 Aug 2011 08:57 AM PDT

The last Friday of the holy month of Ramadan, dubbed by some as the Friday of "patience and determination", saw more protests across the country

Bomb kills 18 at UN office in Nigeria

Posted: 26 Aug 2011 10:00 AM PDT

Amid fear that Islamist extremists have linked up with al-Qaeda, the attack has ramifications for businesses and organisations operating in the country

Oligarch sets tough goals for Dagestan team

Posted: 26 Aug 2011 10:51 AM PDT

Suleiman Kerimov aims to give Anzhi Champion League football and to bring stability to the troubled Caucasus region

Gandhi deployed to end Hazare’s hunger strike

Posted: 26 Aug 2011 09:24 AM PDT

The 41-year-old Rahul said he was 'deeply distressed' by the protests and proposed the creation of a constitutional anti-corruption watchdog

Danes focus on economy as PM names poll date

Posted: 26 Aug 2011 11:59 AM PDT

In their first official skirmishes, rival leaders argued over who was to blame for Denmark's economic problems and who had the best plan to revive growth

Spanish parties agree debt and deficit limits

Posted: 26 Aug 2011 07:00 AM PDT

Political leaders negotiated into the early hours to reach a deal, in the hope it will dispel bond market doubts about Madrid's creditworthiness
Posted by Anonymous at 1:36 PM 0 comments

Thursday, August 25, 2011

Wealth fund still conceals inner secrets

Wealth fund still conceals inner secrets

Wealth fund still conceals inner secrets

Posted: 25 Aug 2011 12:31 PM PDT

Former regime technocrat Mahmoud Badi is adamant that rampant mismanagement of the Libyan people's wealth will not happen again

Rebels face building a working state from nothing

Posted: 25 Aug 2011 11:18 AM PDT

Building human capacity and creating durable institutions to maintain the cohesion of the state are likely to be Libya's biggest challenges

Bernanke to signal steady setting in Fed policy

Posted: 25 Aug 2011 09:17 AM PDT

Chairman unlikely to want his Jackson Hole speech to tighten financial conditions by triggering a negative market response

Finance ministers move to save Greek bail-out

Posted: 25 Aug 2011 09:08 AM PDT

Eurozone ministry officials will try to rescue the Greek bail-out deal by overhauling a controversial Finnish collateral agreement with Athens

Singh makes emotional appeal to Hazare

Posted: 25 Aug 2011 08:27 AM PDT

India's prime minister appeals to veteran social activist to stop public hunger strike as crisis deepens over an anti-corruption campaign

Cash crunch feeds Spanish pharmacists a bitter pill

Posted: 25 Aug 2011 08:06 AM PDT

The 1,300 pharmacies of Castilla-La Mancha are discovering what happens when a regional government runs out of money

Verizon strike pushes up US jobless claims

Posted: 25 Aug 2011 07:07 AM PDT

First-time claims for jobless benefits in the US rose to 417,000 last week, lifted by a strike at Verizon Communications, the telecoms group

Swiss seek more bilateral tax accords

Posted: 25 Aug 2011 09:31 AM PDT

Move follows accords agreed already with Germany and Britain. Officials are reluctant to identify all the countries involved in discussions

Singapore’s presidential race heats up

Posted: 25 Aug 2011 03:13 AM PDT

The contest, which has produced little debate on the bread and butter issues, is seen as a referendum on the ruling party after it lost seats in the last election

Pressure builds on Gillard government

Posted: 25 Aug 2011 08:13 AM PDT

The Australian prime minister's slender hold on power is threatened by a scandal engulfing one of her Labor party MPs accused of making credit card payments to an escort agency
Posted by Anonymous at 1:26 PM 0 comments

Wednesday, August 24, 2011

Rebels put $1.3m bounty on Gaddafi

Rebels put $1.3m bounty on Gaddafi

Rebels put $1.3m bounty on Gaddafi

Posted: 24 Aug 2011 12:22 PM PDT

Head of transitional council announces amnesty or pardon for any of the colonel's inner circle 'who kill Gaddafi or capture him'

Libya’s rebels face new kind of battle

Posted: 24 Aug 2011 10:35 AM PDT

Libya's rebels face a huge task as they try to convert their incomplete victory over Col Gaddafi into a functioning social life for the people

North Korea seeks allies in Russia talks

Posted: 24 Aug 2011 08:26 AM PDT

North Korea's leader edges closer to diplomatic reintegration in a meeting with Russia's president, Dmitry Medvedev, in Siberia

US budget watchdog cuts debt forecast

Posted: 24 Aug 2011 07:52 AM PDT

Congressional analysts paint rosier picture of America's fiscal outlook for the next decade on the back of debt deal to increase the debt ceiling

Japan offers exporters help to deal with yen

Posted: 24 Aug 2011 05:50 AM PDT

Plan to provide up to $100bn to support mergers, exports and investments overseas comes after currency hits record against the US dollar

Syria cracks down on eastern tribal regions

Posted: 24 Aug 2011 08:50 AM PDT

Troops have stormed two towns on the Euphrates river close to Deir Ezzor, while residents say several other villages in the area have been targeted

India’s cricket chiefs face bouncers after drubbing in England

Posted: 24 Aug 2011 07:41 AM PDT

India's humiliating defeat at the hands of England is posing awkward questions about whether the world's richest administration in the sport has burnt out star players

Strauss-Kahn counts political cost of court case

Posted: 24 Aug 2011 10:41 AM PDT

France is divided in its support for the former IMF chief with many in his Socialist party seeing him as a liability

Russia ‘close to solving journalist’s murder’

Posted: 24 Aug 2011 10:24 AM PDT

Dmitry Pavliuchenkov, a former policeman, is likely to be charged as the principal organiser behind the death of the crusading opposition journalist

Protests mar Ukraine’s independence day party

Posted: 24 Aug 2011 08:20 AM PDT

Demonstrators were attempting to defy a court ruling that banned opposition rallies from being held in the centre of Kiev during the celebrations
Posted by Anonymous at 1:26 PM 0 comments

Tuesday, August 23, 2011

Rebels storm Gaddafi compound

Rebels storm Gaddafi compound

Rebels storm Gaddafi compound

Posted: 23 Aug 2011 01:40 PM PDT

The six-square-kilometre Bab al-Aziziya complex is thought to have extensive tunnels that could facilitate the Libyan leader's escape

Allies seek deal to release Libyan funds

Posted: 23 Aug 2011 01:33 PM PDT

Britain, France and the US are to push for a new UN Security Council resolution to release around $100bn of Gaddafi regime assets

Charges dropped against Strauss-Kahn

Posted: 23 Aug 2011 10:03 AM PDT

Ruling in criminal case makes a return to French politics possible, although a civil suit against the former IMF chief is likely to proceed

France’s wealthy call for tax on rich

Posted: 23 Aug 2011 10:35 AM PDT

Total chief Christophe de Margerie and L'Oréal heiress Liliane Bettencourt are among 16 wealthy individuals to call for an 'exceptional contribution'

UN team to investigate violence in Syria

Posted: 23 Aug 2011 10:23 AM PDT

Inquiry to look into possible crimes against humanity since the uprising began, as the US ambassador makes a surprise visit to Deraa province

US business sees Republican game of bluff

Posted: 23 Aug 2011 11:45 AM PDT

There is little evidence to suggest that the debt ceiling debacle is causing business to hold back their support for the Grand Old Party

Miners and investors join Yukon gold rush

Posted: 23 Aug 2011 11:35 AM PDT

Drawn by the soaring gold price, exploration companies have staked more than 85,000 claims in Canada's Yukon territory since January

China to launch first wine investment fund

Posted: 23 Aug 2011 08:59 AM PDT

The country's growing taste for the good life is about to find a new outlet in the Dinghong Fund, which will invest in French vintages

Confidence drains from consumers in eurozone

Posted: 23 Aug 2011 09:55 AM PDT

Falls in consumer confidence and manufacturing activity suggest debt crisis and global recovery fears have hit sentiment harder than expected

Beijing crackdown hits rare earths mining

Posted: 23 Aug 2011 08:17 AM PDT

Industry executives say protectionism and a desire for a bigger role in the sector for state-owned miners is behind the current clampdown
Posted by Anonymous at 1:47 PM 0 comments

Monday, August 22, 2011

Libya rebels battle to control Tripoli

Libya rebels battle to control Tripoli

Libya rebels battle to control Tripoli

Posted: 22 Aug 2011 12:02 PM PDT

As intense fighting continued in pockets of the country, western officials expressed some concerns about the possibility of chaos

Nato relief after flawed mission

Posted: 22 Aug 2011 10:12 AM PDT

The Nato operation has encountered significant problems over the last five months – and is certain to be the focus of debate among member states

Gaddafi’s fall will renew the Arab spring

Posted: 22 Aug 2011 12:17 PM PDT

Many Arab community leaders know it won't do to create a new oligarchy of cronies controlling jobs and lines of credit , writes Philip Zelikow

Japan warns on radiation-hit land

Posted: 22 Aug 2011 04:36 AM PDT

Large areas of land within the 20km exclusion zone around the stricken Fukushima nuclear plant could be uninhabitable for years

Hamas announces truce with Israel

Posted: 22 Aug 2011 08:11 AM PDT

A spokesman for Hamas says that all factions in the Gaza Strip have agreed to hold fire provided Israeli forces stop their attacks

Syrians killed during UN visit, say activists

Posted: 22 Aug 2011 08:47 AM PDT

At least three anti-regime protesters were shot dead during a visit by a UN delegation to the city of Homs, activists have said, with the government crackdown showing no sign of abating

World’s rich families face US asset disclosure

Posted: 22 Aug 2011 07:39 AM PDT

Rich families face a choice between surrendering privacy around their investments and significant legal risk because of new US rules

Prosecutors set to drop Strauss-Kahn case

Posted: 22 Aug 2011 01:27 PM PDT

Prosecutors in New York to recommend that a judge dismiss sexual assault charges against the former IMF chief, US media reports

Microfinancier aims to fuel Egypt’s recovery

Posted: 22 Aug 2011 07:29 AM PDT

The founder of Reefy, which lends to smaller businesses, believes this sector will gain in prominence under a post-revolution government
Posted by Anonymous at 2:03 PM 0 comments
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