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Friday, September 30, 2011

Greeks told protests could derail bail-out

Greeks told protests could derail bail-out


Greeks told protests could derail bail-out

Posted: 30 Sep 2011 08:04 AM PDT

The head of Greece's statistical agency warns blockade could derail approval by international lenders of the next tranche of the country's bail-out loan

CIA kills ‘most dangerous’ al-Qaeda cleric

Posted: 30 Sep 2011 11:00 AM PDT

Anwar al-Awlaki, regarded by western intelligences as the most dangerous figure in the terror network, is killed in an air raid in Yemen

Eurozone inflation hits three-year high

Posted: 30 Sep 2011 03:31 AM PDT

Eurozone inflation rose unexpectedly to 3 per cent, complicating the central bank's task as it reacts to a near standstill in economic growth

Paris switches on electric car scheme

Posted: 30 Sep 2011 09:36 AM PDT

A Socialist council and buccaneering entrepreneur join forces to cut fumes and congestion

First US personal income fall for two years

Posted: 30 Sep 2011 08:01 AM PDT

US personal income fell 0.1 per cent in August, the first decline in almost two years, underscoring the strain on households to make ends meet

Burma suspends $3.6bn China dam project

Posted: 30 Sep 2011 06:57 AM PDT

Visible sign of reform as Burmese government responds to pressure over potential environmental and social impact of the Myitsone dam

EU warns Kiev over Tymoshenko trial

Posted: 30 Sep 2011 11:23 AM PDT

European Union leaders delivered a stern public warning to Ukraine that the trial could jeopardise Kiev's chances of closer integration with the EU

China’s ancient petition system goes online

Posted: 30 Sep 2011 08:01 AM PDT

Four cities in the Guangdong put one of China's oldest traditions – the petitioning system – online by creating forums for people to discuss complaints with local officials

Italian business urges structural reforms

Posted: 30 Sep 2011 08:52 AM PDT

Business association presents Silvio Berlusconi's government with a document outlining the structural reforms to relaunch growth

Thursday, September 29, 2011

German parliament approves EFSF boost

German parliament approves EFSF boost


German parliament approves EFSF boost

Posted: 29 Sep 2011 11:40 AM PDT

Merkel wins large majority in move that lifted financial markets and boosted the euro

Italy should look to Spain for inspiration

Posted: 29 Sep 2011 08:23 AM PDT

In cleaning up the public finances and introducing reforms, Madrid has acted in a more consistent and determined way than Rome

Pharma sales help to cure Irish ills

Posted: 29 Sep 2011 09:22 AM PDT

The country had the second-fastest growth rate in the eurozone in the first and second quarters, with the high-tech sector helping lead it out of recession

Chinese property jitters as sales volumes fall

Posted: 29 Sep 2011 08:01 AM PDT

After more than a year of steadily tightening restrictions there is evidence that real estate prices in big cities have started to drop

Obama risks healthcare showdown in election year

Posted: 29 Sep 2011 12:05 PM PDT

The timing of the request for the Supreme Court to consider the law has surprised many

Revised US growth data bring relief

Posted: 29 Sep 2011 09:29 AM PDT

Revisions to growth and jobs figures suggest the US economy is further from a slide back into recession than previously feared

Tymoshenko denounces court case ‘lynching’

Posted: 29 Sep 2011 12:46 PM PDT

Yulia Tymoshenko, the former Ukrainian prime minister, has denounced as a 'lynching' and a 'show' the trial that could see her jailed by Friday

Libya hopes to see economy take flight

Posted: 29 Sep 2011 07:00 AM PDT

Restoring the aviation industry is seen as critical to Libya's fortunes, but airline staff say safety and commercial issues are being ignored

Soaring population swamps Kenya ambitions

Posted: 29 Sep 2011 08:50 AM PDT

Even by moderate estimates, Kenya's 41m people will swell to 85m by 2050, straining hopes of becoming a middle-income country by 2030

Syrian defectors battle Assad’s army

Posted: 29 Sep 2011 10:22 AM PDT

A band of defected soldiers battling the Assad regime could mark a turning point in Syria's struggling but predominantly peaceful protest movement

Tuesday, September 27, 2011

Split opens over Greek bail-out terms

Split opens over Greek bail-out terms


Split opens over Greek bail-out terms

Posted: 27 Sep 2011 11:48 AM PDT

As many as seven of the bloc's 17 members push for private sector creditors to bear bigger burden, with the Germans and the Dutch leading the calls

Ousted Kudrin hits out at Russian budget

Posted: 27 Sep 2011 10:05 AM PDT

The ousted finance minister said he had already tried to tender his resignation in February amid fears for the economy

Shanghai subway crash spurs safety concerns

Posted: 27 Sep 2011 08:47 AM PDT

More than 250 people were injured when two trains collided in Shanghai, stoking fears whether safety has been sacrificed to guarantee the rapid expansion of China's transport systems

China to suspend some US military ties

Posted: 26 Sep 2011 10:17 PM PDT

China is to suspend some military exchanges with the US in the first sign of the fallout from its $5.9bn arms deal with Taiwan

Turkey looks to punch above its weight

Posted: 27 Sep 2011 08:27 AM PDT

Ankara's new philosophy of diplomacy seems designed to make Turkey irritating but indispensable, an independent-minded country that can make a big difference in the Middle East and beyond

Yemen president accused of tricking Saudis

Posted: 27 Sep 2011 10:40 AM PDT

Saleh appears to have tricked his Saudi hosts when he returned home last week, exacerbating the stand-off with the country's protest movement

Data point to stagnant US economy

Posted: 27 Sep 2011 07:18 AM PDT

Overhang of foreclosures and unsold properties depress the housing market which continued its decline in July

Australian women to serve on front line

Posted: 27 Sep 2011 02:42 AM PDT

Australian women will be allowed to serve in frontline combat roles after the government said it was dropping all gender restrictions for the military

Israeli housing push attacked by Palestinians

Posted: 27 Sep 2011 10:07 AM PDT

The decision to move forward with building homes in the Gilo settlement in occupied Jerusalem delivers a blow to chances for the renewal of peace talks

Turkish gas hunt off Cyprus stokes tensions

Posted: 27 Sep 2011 08:48 AM PDT

Ankara's move, which is seen as a potential blow to its EU membership quest, follows a Cypriot decision to start drilling for rich deposits

Monday, September 26, 2011

Medvedev fires mutinous finance minister

Medvedev fires mutinous finance minister


Medvedev fires mutinous finance minister

Posted: 26 Sep 2011 10:17 AM PDT

Alexei Kudrin dismissed as Russian president seeks to show he still has authority despite humiliation of standing aside for Vladimir Putin

Europe thinks the unthinkable to solve crisis

Posted: 26 Sep 2011 11:30 AM PDT

Eurozone governments, many facing growing public disquiet, must now address three overlapping policy discussions for stepping up their response to the crisis

Funding stand-off reveals US Congress divide

Posted: 26 Sep 2011 10:28 AM PDT

Disaster relief bill shows the dysfunction in Congress, with lawmakers on Capitol Hill unable to resist adding a new fiscal fight to the mix

EU ban forces Syria to cut oil production

Posted: 26 Sep 2011 06:35 AM PDT

EU sanctions on exports are taking effect in Syria where the country's oil storage facilities are filling up as the regime of Bashar al Assad fails to find markets for its crude

EU urged to probe Hungary mortgage move

Posted: 26 Sep 2011 10:12 AM PDT

Austrian and Italian-owned banks say law aimed at helping holders of Swiss-franc mortgages breaches rules and could set a dangerous precedent

French socialists sense change after Senate vote

Posted: 26 Sep 2011 10:54 AM PDT

The leftwing party was exultant after the upper house vote, seeing the result as a sign that Nicolas Sarkozy is retreating ahead of presidential elections

BP plans gas pipeline to Europe from Azerbaijan

Posted: 26 Sep 2011 09:39 AM PDT

Scheme is a new entrant in the competition to construct a supply route to the Caspian Basin and reduce Europe's dependence on Russian gas

Anger rises in India over redrawn poverty line

Posted: 26 Sep 2011 09:00 AM PDT

New benchmarks suggest that a person living on more than Rs32 ($0.64) a day in urban areas would no longer be classified as being below the poverty line

Tokyo tackles taxation for tsunami reconstruction

Posted: 26 Sep 2011 07:42 AM PDT

The rich will pay most if planned tax rises to cover costs of this year's disaster damage are enacted

Nobel Prize winner Wangari Maathai dies

Posted: 26 Sep 2011 03:20 AM PDT

Nobel Peace Prize winner Wangari Maathai, Kenyan environmental activist and human rights campaigner, has died of cancer aged 71

Sunday, September 25, 2011

Saudi king says women will be given vote

Saudi king says women will be given vote


Saudi king says women will be given vote

Posted: 25 Sep 2011 10:17 AM PDT

Female candidates will also be allowed to run in municipal polls in what is seen as a move to head off criticism and a victory for liberal opinion

Russian job swap sparks Kremlin revolt

Posted: 25 Sep 2011 11:57 AM PDT

Senior government figures have rebelled against the deal between Dmitry Medvedev and Vladimir Putin to switch jobs next year

‘Credible India’ drive to woo investors

Posted: 25 Sep 2011 01:00 PM PDT

Business leaders are acting to restore outsiders' faith in the nation and to counter a tide of corruption cases weighing heavily on its image

Debt talks fail to agree solution

Posted: 25 Sep 2011 11:35 AM PDT

The IMF annual gathering wrapped up with widespread concern over the eurozone crisis but no immediate consensus on the way out

Abbas returns to hero’s welcome

Posted: 25 Sep 2011 12:33 PM PDT

The PA president's mission for UN recognition of Palestinian statehood seems to have dramatically improved his standing at home

Merkel’s eurozone battles far from over

Posted: 25 Sep 2011 08:16 AM PDT

The immediate challenge for Ms Merkel is not just to win a simple majority, thanks to the opposition, but a "chancellor's majority" based on her supporters

Pakistan leaders close ranks against US

Posted: 25 Sep 2011 09:16 AM PDT

Premier rallies opposition support for showdown with Washington and military elite meet following US claim that the army backs Kabul insurgents

Police arrest 90 in Wall Street protests

Posted: 25 Sep 2011 08:54 AM PDT

The movement has entered its second week and has drawn hundreds of activists to protest in front of the New York Stock Exchange and elsewhere

Liberal leader challenged by Chinese protests

Posted: 25 Sep 2011 07:13 AM PDT

Violence over land sales in Wukan highlights the difficulties authorities in Guangdong face as they try to implement a new social contract

Zambia’s new president worries miners

Posted: 25 Sep 2011 09:42 AM PDT

Michael Sata has a reputation for populist attacks against investors and had complained that resource wealth was not being adequately distributed

Saturday, September 24, 2011

Putin to return as Russian president

Putin to return as Russian president


Putin to return as Russian president

Posted: 24 Sep 2011 10:20 AM PDT

Russia's Prime Minister Vladimir Putin will return to his former post as president next year after the current president, Dmitry Medvedev, pledged to support him in elections next March

Friday, September 23, 2011

Abbas bids for Palestinian statehood

Abbas bids for Palestinian statehood


Abbas bids for Palestinian statehood

Posted: 23 Sep 2011 12:28 PM PDT

Leader says 63 years of suffering is 'enough, enough, enough' and pushes for recognition as an independent state by filing for UN membership

Obama takes a defensive turn to the left

Posted: 23 Sep 2011 10:18 AM PDT

Biggest question in Washington is whether the White House's new aggressive tone marks the beginning of a turnround or is a sign of desperation

Greece minister triggers default fears

Posted: 23 Sep 2011 11:39 AM PDT

Evangelos Venizelos quoted as telling socialist deputies an orderly default that would see creditors lose half their money was best option

Saleh returns to turbulent Yemen

Posted: 23 Sep 2011 12:11 PM PDT

Amid fears of all-out civil war, leader arrives back after three months in Saudi Arabia recovering from assassination attempt

‘Faster-than-light’ travel explained

Posted: 23 Sep 2011 12:07 PM PDT

Scientists claiming to have overthrown one of the central dogmas of physics – that nothing can travel faster than light – have set out their stall

German business lobbies for boost to EFSF

Posted: 23 Sep 2011 07:46 AM PDT

Business groups urge Germany's 620 MPs to back the vote to expand the EFSF bail-out fund or face 'incalculable consequences'

Wukan protests set to escalate after child’s death

Posted: 23 Sep 2011 11:07 AM PDT

The town of Wukan, a four-hour drive from Guangdong's border with Hong Kong, has seen confrontations between police and the town's residents

Pakistan warns US it could ‘lose an ally’

Posted: 22 Sep 2011 09:59 PM PDT

Pakistan foreign minister warns US that it 'can't afford to alienate Pakistani people' after it is accused of exporting violence

Opposition leader wins Zambian presidency

Posted: 23 Sep 2011 09:04 AM PDT

Michael Sata declared victor of presidential election, ousting incumbent Rupiah Banda as leader of Africa's biggest copper producer

G20 vows support for the global economy

Posted: 23 Sep 2011 02:04 AM PDT

The G20 has pledged its support for the global economy by offering assurances on the eurozone rescue fund and bank capitalisation

Thursday, September 22, 2011

China hits at US over Taiwan arms deal

China hits at US over Taiwan arms deal


China hits at US over Taiwan arms deal

Posted: 22 Sep 2011 05:26 AM PDT

China has warned that the $5.9bn US arms deal with Taiwan will put 'obstacles' in the way of relations with Washington

US not even-handed, say Palestinians

Posted: 22 Sep 2011 12:19 PM PDT

Washington fights push for statehood as Mahmoud Abbas, Palestinian president, prepares to address the UN General Assembly

Cameron strikes hawkish tone in UN address

Posted: 22 Sep 2011 12:18 PM PDT

In his first address to the UN General Assembly, the prime minister says the UN must be 'not just united in condemnation but united in action' to defeat tyrants

PMI signals eurozone on brink of recession

Posted: 22 Sep 2011 02:24 AM PDT

Purchasing managers' index shows private sector contracted in September for first time in two years

Bulgaria and Romania excluded from EU’s Schengen

Posted: 22 Sep 2011 07:33 AM PDT

Countries' hopes of joining passport-free area dashed after northern European nations veto their entry

Zimbabwe tobacco farms yield success

Posted: 22 Sep 2011 07:41 AM PDT

A decade after controversial land reform almost destroyed agricultural production, the tobacco sector is showing recovery

Taliban sent ‘peace message to trick Rabbani’

Posted: 22 Sep 2011 07:17 AM PDT

Afghan peace negotiator's death sharpens climate of fear and suspicion that grips political elite in Kabul

Election uncertainty leaves Russia paralysed

Posted: 22 Sep 2011 08:12 AM PDT

With six months to go before elections, anxious voters are looking to the forthcoming party congress for clues to succession

Sarkozy ally faces campaign funds inquiry

Posted: 22 Sep 2011 10:35 AM PDT

Bazire questioned about allegations he was complicit in a scandal stemming from alleged kickbacks from an arms sale to Pakistan in 1995

Wednesday, September 21, 2011

Obama rejects Palestinians’ UN strategy

Obama rejects Palestinians’ UN strategy


Obama rejects Palestinians’ UN strategy

Posted: 21 Sep 2011 07:53 AM PDT

President rebuffs Palestinian push for statehood, declaring there are 'no short-cuts' to peace with Israel that could avoid direct talks

A diplomatic bid to call Israel’s bluff

Posted: 21 Sep 2011 10:42 AM PDT

The Palestinians' attempt to win recognition as a state has started to strip away the cant and duplicity of the so-called peace process

Fed launches $400bn ‘Operation Twist’

Posted: 21 Sep 2011 12:13 PM PDT

Central bank says it will buy $400bn of Treasuries with remaining maturities of six to 30 years and finance that by selling an equal amount of Treasuries with three years or less to run

Greece unveils further austerity measures

Posted: 21 Sep 2011 12:19 PM PDT

The Greek government on Wednesday unveiled drastic new austerity measures including swingeing cuts to pensions and public sector salaries

IMF warns on global financial system

Posted: 21 Sep 2011 06:14 AM PDT

Sovereign debt turmoil in Europe and the US has 'thrown the financial system recovery into reverse' for first time since 2008

Solheim Cup tees off amid Irish golf crisis

Posted: 21 Sep 2011 07:06 AM PDT

The severe economic downturn in Ireland has forced banks to stop lending and consumers to stop spending, prompting a crisis in the country's golf industry

$23bn windfall for new Libya

Posted: 21 Sep 2011 11:14 AM PDT

Libya's revolutionary government has enjoyed a surprise windfall after discovering $23bn-worth of assets unspent by Muammer Gaddafi's regime

French Socialists jostle for position

Posted: 21 Sep 2011 08:51 AM PDT

Ahead of next year's presidential election in France, the lack of clear differences between the party's candidates spells trouble

Ally’s killing shatters Karzai Taliban strategy

Posted: 21 Sep 2011 10:53 AM PDT

Burhanuddin Rabbani, who led attempts to reach out to insurgents, murdered at his home

US accuses Pakistan of waging ‘proxy war’

Posted: 21 Sep 2011 04:07 AM PDT

Blunt remarks from senior military officer reflect growing frustration in Washington

Tuesday, September 20, 2011

Afghan chief negotiator assassinated

Afghan chief negotiator assassinated


Afghan chief negotiator assassinated

Posted: 20 Sep 2011 08:20 AM PDT

The Afghan official in charge of seeking peace with the Taliban has been killed, dealing a major blow to president Hamid Karzai's strategy

Eurozone crisis has making of horror sequel

Posted: 20 Sep 2011 11:11 AM PDT

Government credit risks, shaky asset markets and slowing growth look like creating a 2008 crisis follow-up: 'This Time It's Sovereign'

Italy plans reforms to rebuild growth

Posted: 20 Sep 2011 10:41 AM PDT

Proposals made in response to market pressure include incentives for private sector investment in infrastructure and broadband internet

Palestinians pursue votes in Security Council

Posted: 20 Sep 2011 12:30 PM PDT

Officials step up efforts to get Security Council states to back UN membership application and accuse US of urging countries to oppose it

China takes first step towards space station

Posted: 20 Sep 2011 07:49 AM PDT

State media reported that China is to launch an unmanned craft from the Chinese western Gobi desert that will be used for practising operations at a future space station

IMF warning over stimulus policies

Posted: 20 Sep 2011 06:00 AM PDT

Major economies should be ready with more fiscal stimulus if the growing risks to the world economic recovery materialise, the IMF says

Lenders harden their stance on Athens

Posted: 19 Sep 2011 01:58 PM PDT

Greek authorities have made a fresh attempt to convince international lenders they have a credible plan to close the growing financing gap

US challenges China on poultry restrictions

Posted: 20 Sep 2011 09:21 AM PDT

The US is bringing a case against China in the World Trade Organisation to challenge the Asian nation's imposition of trade remedies against American poultry exports

Ten die in third day of fighting in Sana’a

Posted: 20 Sep 2011 11:06 AM PDT

Renegade soldiers and government forces battle for control of Yemeni capital threatening hopes for resolution of seven-month crisis