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Wednesday, November 30, 2011

Clinton warning over aid from China

Clinton warning over aid from China


Clinton warning over aid from China

Posted: 30 Nov 2011 11:36 AM PST

Hillary Clinton says powerful emerging economies may be more interested in exploiting natural resources than promoting real development

West ‘should not fear Islamist movements’

Posted: 30 Nov 2011 09:53 AM PST

'We should not have a problem with anyone who operates within the norms of international law, comes to power and fights terrorism' says Qatari PM

‘Crisis, what crisis?’ ask German consumers

Posted: 30 Nov 2011 08:25 AM PST

The financial markets are in disarray, but consumer confidence is up in Germany where people oppose living on borrowed money

Markets cheer bank liquidity move

Posted: 30 Nov 2011 11:28 AM PST

Rate charged for international access to dollars is slashed in an effort to counter a deepening credit squeeze in the eurozone

Field of Republican hopefuls shrinks

Posted: 30 Nov 2011 10:27 AM PST

The Republican presidential nomination contest is fast becoming a two-man race, with Mitt Romney and Newt Gingrich squaring off as businessman Herman Cain's candidacy implodes amid new allegations of sexual misbehaviour

Stance shift sees China ease monetary policy

Posted: 30 Nov 2011 09:26 AM PST

Beijing eases monetary policy for the first time in two years in a sign of its unease over slowing growth

Indian GDP growth drops below 7%

Posted: 29 Nov 2011 10:44 PM PST

India's economy grew 6.9% in the quarter to the end of September, its slowest rate for more than two years

Islamists ahead in early Egypt poll count

Posted: 30 Nov 2011 12:51 AM PST

Initial indications after voting in the first stage of landmark elections suggest the political arm of the Muslim Brotherhood is in the lead

Kuwaiti emir appoints new PM

Posted: 30 Nov 2011 07:47 AM PST

New premier from the ruling family asked him to form a cabinet, after protests escalate in the oil-rich Gulf state

UK orders closure of Iranian embassy

Posted: 30 Nov 2011 09:06 AM PST

Britain orders the immediate closure of Iran's mission in London and closes its own consulate in Tehran after it was stormed by protesters

Tuesday, November 29, 2011

Embassy attack raises Iran-UK tension

Embassy attack raises Iran-UK tension


Embassy attack raises Iran-UK tension

Posted: 29 Nov 2011 10:47 AM PST

Hundreds of Iranian protesters stormed the British embassy and a UK residential compound in Tehran, in an escalation of tensions between the two countries over Iran's nuclear programme

Egypt labour activists battle to progress

Posted: 29 Nov 2011 09:37 AM PST

Strikes played a key role in ousting Mubarak. Islamist parties, making vague calls for social justice, look set to benefit in the elections

India poised to throw open store doors

Posted: 29 Nov 2011 08:46 AM PST

The cabinet has decided to open up the country's retail sector to foreign investment, so supermarket chains should be on their way

Fears of shortfall lead to moves to boost EFSF

Posted: 29 Nov 2011 11:01 AM PST

Ministers may order options to be worked up ahead of a crunch summit of European Union leaders next week

German exporters shrug off debt crisis

Posted: 29 Nov 2011 04:35 AM PST

Figures highlight how economy has remained relatively insulated from the crises hitting southern Europe

UK austerity policies to run for longer

Posted: 29 Nov 2011 09:48 AM PST

Chancellor Osborne vowed he would not change course and risk squandering market credibility built up under Conservative-Lib Dem coalition

Italy pays euro-era high yields at bond auction

Posted: 29 Nov 2011 10:15 AM PST

Rome manages to reach the upper end of the target range of funds required, soothing market nerves

Syrian regime reaches point of no return

Posted: 29 Nov 2011 08:27 AM PST

The objective of the Arab League sanctions announced on Sunday – including travel and airline restrictions – is to dry up the regime's access to financing

Pakistan to boycott Bonn conference

Posted: 29 Nov 2011 04:43 AM PST

Islamabad shows its outrage over the killing during a Nato air strike of 24 of its soldiers by pledging to shun next month's meeting in Germany

Monday, November 28, 2011

Germany told to act to save Europe

Germany told to act to save Europe


Germany told to act to save Europe

Posted: 28 Nov 2011 11:08 AM PST

In startling comment, Polish minister declares biggest threat to his nation's security was not terrorism, or German tanks but collapse of eurozone

Millions of Egyptians head to the polls

Posted: 28 Nov 2011 10:40 AM PST

Millions of Egyptians thronged polling stations for their first chance to vote since the toppling of the former president

OECD highlights eurozone contagion risk

Posted: 28 Nov 2011 02:20 AM PST

European leaders need to provide 'credible' firepower to stop the contagion in the eurozone or risk a severe recession, OECD warns

Moody’s warns on eurozone debt

Posted: 28 Nov 2011 04:49 AM PST

Rating agency says probability of sovereign defaults 'no longer negligible' and raises possibility of series of defaults

Barney Frank to bow out of US Congress

Posted: 28 Nov 2011 01:50 PM PST

The Massachusetts congressman who was one of the architects of sweeping overhaul of US financial regulations, will not seek re-election next year

Revolt escalates against Indian retail reform

Posted: 28 Nov 2011 07:36 AM PST

India's Congress party-led government faces full-scale parliamentary revolt over decision to open country's retail sector to foreigners

China bans ads in TV drama and films

Posted: 28 Nov 2011 05:35 AM PST

Latest move by the Communist party to assert control over the media industry

Israelis soak up high cost of desalination drive

Posted: 28 Nov 2011 06:26 AM PST

The price of water has doubled in two years as Israel embarks on a long-term plan to produce 70% of its water needs by 2050 from the process

UN climate meeting begins amid deep divisions

Posted: 28 Nov 2011 08:30 AM PST

UN climate conference begins in Durban, South Africa, amid signs of deep discord over how countries should curb their carbon emissions

US sales of new homes rise modestly

Posted: 28 Nov 2011 08:28 AM PST

Figures for newly built housing hit their highest level since June, but missed analysts' expectations amid market doldrums and job uncertainties

Sunday, November 27, 2011

Thousands protest in Cairo ahead of poll

Thousands protest in Cairo ahead of poll


Thousands protest in Cairo ahead of poll

Posted: 27 Nov 2011 12:30 PM PST

Tens of thousands of Egyptians demonstrated in central Cairo, calling for the ruling military council to step down

France and Germany draw up tighter budget rules

Posted: 27 Nov 2011 10:52 AM PST

Paris and Berlin are attempting to fast-track rules to clamp down on future budget excess, should treaty change prove too difficult

Arab League imposes sanctions on Syria

Posted: 27 Nov 2011 09:50 AM PST

Nineteen of the league's 22 members agreed to the measures, including cutting off transactions with the central bank and a travel ban on senior officials

Yemen presidential election set for February

Posted: 27 Nov 2011 08:19 AM PST

Yemen's vice-president has called presidential elections for February 21 under a deal aimed at ending months of protests against President Saleh

Putin accuses foreigners of funding opposition

Posted: 27 Nov 2011 08:45 AM PST

Casting the regime's opponents as paid stooges of western nations is a tried and tested Soviet-era propaganda ploy

India and China cancel border talks

Posted: 27 Nov 2011 01:32 AM PST

The two Asian powers cancel talks to avoid an embarrassing clash with a high-profile Buddhist conference attended by the Dalai Lama in Delhi

New Zealand to sell stakes in state assets

Posted: 27 Nov 2011 04:24 AM PST

New Zealand to sell stakes in state assets to reduce its record budget deficit

Islamist party winning in Moroccan poll

Posted: 27 Nov 2011 02:14 AM PST

Preliminary results show Justice and Development party, which has historically been close to the monarchy, is on track to become largest bloc in parliament

Saturday, November 26, 2011

Egyptian police clash with protesters

Egyptian police clash with protesters


Egyptian police clash with protesters

Posted: 26 Nov 2011 08:55 AM PST

At least one person has been killed during clashes in the Egyptian capital between police and demonstrators

The two hours that sank Strauss-Kahn

Posted: 25 Nov 2011 02:56 PM PST

A detailed account of the events in the Manhattan hotel in May that led to the arrest of the former IMF head

Nato border strikes kill Pakistani troops

Posted: 26 Nov 2011 07:34 AM PST

Pakistani closes supply routes after Nato border strikes kill 24 soldiers

New Zealand hands John Key a second term

Posted: 26 Nov 2011 08:25 AM PST

New Zealand has handed prime minister John Key and his centre-right National party a second term

Belgian budget deal clears way to formation of government

Posted: 26 Nov 2011 07:56 AM PST

Belgian political parties reached a deal on the 2012 budget on Saturday, clearing the last major obstacle to the formation of a new government

Friday, November 25, 2011

Defiant Egyptians battle for ideals

Defiant Egyptians battle for ideals


Defiant Egyptians battle for ideals

Posted: 25 Nov 2011 11:16 AM PST

The masses of Tahrir Square stepped up their efforts to wrest control from the military after a week of bloodshed and teargas in Cairo

Ex-Egyptian PM agrees to form cabinet

Posted: 25 Nov 2011 07:05 AM PST

Appointment of Kamal al-Ganzouri unlikely to placate the more than 100,000 protesters gathered in Tahrir Square demanding end to army rule

Monti’s budget plans shrouded in fog

Posted: 25 Nov 2011 09:23 AM PST

With Italians waiting to know where the knife will fall, there is still no clarity on the prime minister's emergency measures, nor on the appointments of deputy ministers and top officials

Iceland rejects Chinese investor’s land bid

Posted: 25 Nov 2011 11:49 AM PST

Reykjavik's interior minister has blocked a billionaire's attempt to buy 300 square kilometres of wild heathland to develop a resort

Economy and demography hold key to US election

Posted: 25 Nov 2011 10:25 AM PST

The US election will be a contest between demographics and economics, according to new research, with Barack Obama battling to protect his winning 2008 coalition

China to probe US clean energy subsidies

Posted: 25 Nov 2011 03:14 AM PST

China has launched an investigation into US subsidies for renewable energy, in a quickly escalating dispute over clean energy policies

Yemen unrest threatens transition plan

Posted: 25 Nov 2011 10:29 AM PST

Clashes in the capital between armed factions refusing to back down have exposed the fragility of an agreement signed this week

Six killed by Syrian military, say activists

Posted: 25 Nov 2011 10:51 AM PST

The regime and its opponents both reported casualties in Friday clashes as Damascus faced the growing likelihood of Arab sanctions

Inquiry turns into nightmare for media

Posted: 25 Nov 2011 09:43 AM PST

Hearings raise spectre of new privacy laws and tougher regulation of the country's often raucous press

Korean teen held after pushy mother’s death

Posted: 25 Nov 2011 08:26 AM PST

South Korean police detain teen suspected of murdering his mother after she allegedly beat him with a golf club to get better school grades

Thursday, November 24, 2011

Euro leaders push for fiscal crackdown

Euro leaders push for fiscal crackdown


Euro leaders push for fiscal crackdown

Posted: 24 Nov 2011 12:04 PM PST

Leaders of France, Germany and Italy focus on tougher governance but offer no concessions to calls for intervention by the ECB

Unions strike as Fitch downgrades Portugal

Posted: 24 Nov 2011 04:45 AM PST

Unions and disaffected youth cause widespread disruption in what labour leaders say is Portugal's biggest strike in more than 30 years

France pushes for Iranian oil embargo

Posted: 24 Nov 2011 10:40 AM PST

Markets alarmed by initial proposal, which will face strong resistance from other EU states, particularly Italy and Spain

Transition changes image of Egypt’s army

Posted: 24 Nov 2011 09:47 AM PST

Experts say the military's self-serving view of its own role includes an understanding of the political crisis that threatens the democratic experiment

Populist poised to win Osaka mayor’s seat

Posted: 24 Nov 2011 09:21 AM PST

A Hashimoto victory is likely to open way to sweeping administrative reforms in the area judged Japan's least happy

Rising chorus of boos greets Russia’s rulers

Posted: 24 Nov 2011 06:12 AM PST

Trend points to plunging public faith in regime with just days to go before elections

Indian food price inflation drops to 9%

Posted: 24 Nov 2011 03:53 AM PST

Politicians can take little comfort from the decrease because of the failure to curb persistently high fuel prices

Brussels sues Germany over VW ‘golden share’

Posted: 24 Nov 2011 07:38 AM PST

Commission mounts another legal assault on a contentious German law that has protected Volkswagen from takeovers for the past five decades

Wednesday, November 23, 2011

Call for restraint amid Egypt clashes

Call for restraint amid Egypt clashes


Call for restraint amid Egypt clashes

Posted: 23 Nov 2011 11:07 AM PST

International concern amid few signs that chaos will end soon as violence continues for fifth day

Yemeni leader agrees to stand down

Posted: 23 Nov 2011 11:42 AM PST

Breakthrough that international powers hope will finally halt the bloody crisis in the Arab world's poorest country

Bahrain report finds systematic abuse

Posted: 23 Nov 2011 10:56 AM PST

Report by human rights lawyer criticises culture of impunity for security officials. But it did not accuse regime of war crimes

Eurozone industry contraction speeds up

Posted: 23 Nov 2011 04:08 AM PST

Eurozone industry sees the biggest one month fall in orders in almost three years in September, as debt crisis worries hit demand

Why Europe’s leaders welcome Monti

Posted: 23 Nov 2011 09:16 AM PST

If the centre-left is likely to be little better than Berlusconi at reforming Italy, then technocracy has an irresistible appeal

France pushes hard on ECB intervention

Posted: 23 Nov 2011 10:04 AM PST

Paris continues to argue in face of strong German resistance that the bank should be deployed urgently

Medvedev warns US over missile shield plan

Posted: 23 Nov 2011 10:37 AM PST

Russia says ignoring concerns could spark a fresh arms race and derail efforts to improve frosty relations between Washington and Moscow

US data show tepid economic growth

Posted: 23 Nov 2011 07:13 AM PST

Government reports released before the Thanksgiving holiday add to evidence that the US economy is not picking up speed

China labour unrest flares as orders fall

Posted: 23 Nov 2011 07:24 AM PST

Country is facing its worst wave of labour unrest since the summer of 2010 as factories cut workers' pay because of declining orders

Pakistan names ambassador to the US

Posted: 23 Nov 2011 09:31 AM PST

Sherry Rehman, a legislator and one of the few public figures to oppose her country's draconian blasphemy law, is named envoy to Washington

Tuesday, November 22, 2011

Egypt’s generals pledge quick handover

Egypt’s generals pledge quick handover


Egypt’s generals pledge quick handover

Posted: 22 Nov 2011 12:00 PM PST

Military rulers promise June presidential elections after clashes between police and protesters worsen in worst crisis since end of Mubarak regime

Brussels plans to bring eurozone to heel

Posted: 22 Nov 2011 10:42 AM PST

Proposals would require members to submit budget plans to the European Union, which would be able to send inspectors even if unrequested

Pakistan’s envoy to US quits over ‘Memogate’

Posted: 22 Nov 2011 08:34 AM PST

Husain Haqqani has quit amid a furore over allegations he wrote a memo asking Washington for help in reining in his country's military

Anger as S African MPs pass ‘secrecy bill’

Posted: 22 Nov 2011 09:24 AM PST

Media groups dubbed the day 'Black Tuesday', fearing government action to gag the press, while Archbishop Tutu called the move insulting

S. America eyes Beijing prospects warily

Posted: 22 Nov 2011 09:28 AM PST

Much of the past decade's prosperity has been due to the China-inspired commodity price boom

Criticism grows over Ankara’s curbs on society

Posted: 22 Nov 2011 11:09 AM PST

Concern is rising over a lack of checks and balances as Turkey exerts greater sway over society, ranging from academia to business

Obama reopens debate on US stimulus

Posted: 22 Nov 2011 01:20 PM PST

US president returns to the campaign trail, stepping up pressure on a divided Congress after failure to reach a deficit reduction deal

Brazilians lead Florida real estate boom

Posted: 22 Nov 2011 10:48 AM PST

US housing downturn has coincided with a rise in Brazilian property prices, prompting the wealthy to search for cheaper real estate abroad

Crisis hits central and eastern Europe

Posted: 22 Nov 2011 10:42 AM PST

These are the most difficult times for banking in central and eastern Europe since the immediate aftermath of the end of communism

Japan opens way to boost aid to Burma

Posted: 22 Nov 2011 06:06 AM PST

Japan is to reopen aid talks with Burma in a move designed to encourage further political and economic reforms in the country

Monday, November 21, 2011

Cairo crisis grows as cabinet quits

Cairo crisis grows as cabinet quits


Cairo crisis grows as cabinet quits

Posted: 21 Nov 2011 12:04 PM PST

Prime Minister Essam Sharaf's government has stepped down, while thousands take to Tahrir square to demand that the ruling military council goes

Blame game begins over US deficit deal

Posted: 21 Nov 2011 02:01 PM PST

Increased likelihood of a partial government shutdown as 'supercommittee' is unable to bridge the deep partisan divide in Washington over spending and taxes

Austrian banks told to limit lending to the east

Posted: 21 Nov 2011 11:37 AM PST

Vienna's moves show how even the eurozone's strongest economies are feeling the pressure of the sovereign debt crisis

China property sale falls could hit banks

Posted: 21 Nov 2011 11:32 AM PST

Market has dropped to levels seen as dangerous by the country's banking regulator, according to documents obtained by the Financial Times

UK and US unveil new Iran sanctions

Posted: 21 Nov 2011 02:30 PM PST

Britain severs links with Iranian banks, including the Central Bank of Iran, over growing concern at Tehran's nuclear programme

Sirleaf to focus on Liberia’s jobless youth

Posted: 21 Nov 2011 06:41 AM PST

As her main rival continues to contest the election result, the Nobel Peace Prize winner still has political hurdles to surmount

Australia stubs out tobacco packaging

Posted: 21 Nov 2011 02:33 AM PST

Canberra has approved the world's first law requiring that cigarettes be sold in unbranded packages, triggering legal action from manufacturers

Athens backs down over property tax

Posted: 21 Nov 2011 06:07 AM PST

Greek power workers win concession after finance ministry agrees not to cut off customers who have delayed paying levy on electricity bills

Moderate Islamist set to be Tunisian PM

Posted: 21 Nov 2011 08:25 AM PST

Hamadi Jebali is secretary-general of the Nahda party and served 15 years as a political prisoner under the regime of Zein al-Abidine Ben Ali