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Thursday, May 31, 2012

Spain reveals €100bn capital flight

Spain reveals €100bn capital flight


Spain reveals €100bn capital flight

Posted: 31 May 2012 04:55 AM PDT

The ECB president presses for the regulation of Europe's most important banks to be taken out of the hands of national supervisors

German calm belies vibrant eurozone debate

Posted: 31 May 2012 06:50 AM PDT

Germany's public silence on the eurozone's pain in Spain is deliberate – but beneath the surface a keen debate is raging on the best way forward

Poland growth defies eurozone crisis

Posted: 31 May 2012 09:36 AM PDT

Poland's consumers continued their role as the main support of the economy, something they have done for the last four years

Kidnap threatens Lebanese stability

Posted: 31 May 2012 12:11 PM PDT

The capture of Lebanese Shia pilgrims in Syria has raised tensions and poses a risk to cohesion if militant group Hizbollah fails to contain protests

US strategic battle guidelines under attack

Posted: 31 May 2012 11:14 AM PDT

Warnings emerge – even from within the senior military – that the new doctrine will aggravate relations with China unnecessarily

Slump in growth alarms New Delhi

Posted: 31 May 2012 07:57 AM PDT

With growth in the first quarter at the slowest rate in nine years, policy makers are panicking about how to turn things around

US data show loss of momentum

Posted: 31 May 2012 10:10 AM PDT

The downward revision came alongside a weak jobs number from the payrolls processing company ADP and a rise in new claims for unemployment insurance

New York moves to ban ‘supersized’ sodas

Posted: 31 May 2012 11:03 AM PDT

Mayor Michael Bloomberg's anti-obesity plan would stop food service establishments selling sugary drinks in portions bigger than 16 ounces

Leftwinger gains ground in Mexico poll

Posted: 31 May 2012 10:55 AM PDT

Sudden rise coincides with rise of youth movement which attacks country's vested interests controlling politics, business and media

Romney talks tough on China in appeal to workers

Posted: 31 May 2012 09:43 AM PDT

Presidential candidate's aggressive electoral rhetoric may play well with rust belt, but runs risk of alienating corporate America

Wednesday, May 30, 2012

EU eyes Spain deficit deadline extension

EU eyes Spain deficit deadline extension


EU eyes Spain deficit deadline extension

Posted: 30 May 2012 08:53 AM PDT

EU weighs up offering Madrid more time, a move that would mark strongest acknowledgment that austerity measures may be deepening recession

Dublin in final push for EU treaty Yes vote

Posted: 30 May 2012 10:02 AM PDT

Rejecting the treaty risks undermining the euro when Brussels is struggling to contain crises in Spain and Greece, warns the government

Russia unmoved by outrage over massacre

Posted: 30 May 2012 09:46 AM PDT

After western nations call for hardened stance against Damascus, Moscow and Beijing reiterate their opposition to military intervention

‘Surrogates’ risky for US campaigns

Posted: 30 May 2012 10:26 AM PDT

The Trump case highlights the dangers for both candidates in using 'surrogates' – the practice of deploying others to fight in their corner and promote their message on television news

Delays to Libya elections spark concern

Posted: 30 May 2012 09:26 AM PDT

Unelected interim National Transitional Council's move on possible delays to vote fuels public suspicions it is trying to entrench itself

Brussels presses Hollande over spending

Posted: 30 May 2012 09:53 AM PDT

France's economic assumptions are 'optimistic', according to the European Commission, which has told the country to cut its deficit further

Charles Taylor sentenced to 50 years

Posted: 30 May 2012 07:38 AM PDT

Ex-Liberia leader convicted of aiding war crimes with sentence likely to be served in UK, the only country that is willing to house him

EFG-Hermes linked to Egypt graft claims

Posted: 30 May 2012 12:34 PM PDT

Sons of deposed president and top bank executives charged in connection with 2007 sale of Al-Watany Bank of Egypt, say state media

Assange loses extradition appeal

Posted: 30 May 2012 01:46 AM PDT

Ruling in Britain's highest court affirms two earlier decisions that ruled Julian Assange should return to Sweden to face allegations of sexual assault

Lending to eurozone private sector slows

Posted: 30 May 2012 03:55 AM PDT

Private sector lending grew just 0.3% year on year while annual growth of M3 money supply fell, highlighting a lack of confidence in the eurozone economy

Tuesday, May 29, 2012

Diplomatic pressure on Assad mounts

Diplomatic pressure on Assad mounts


Diplomatic pressure on Assad mounts

Posted: 29 May 2012 12:30 PM PDT

Several countries expel Syrian envoys as François Hollande hints at military intervention but on condition of UN Security Council resolution

China weighs options as growth slows

Posted: 29 May 2012 09:06 AM PDT

With dark clouds gathering over the Chinese economy, speculation is mounting about what actions the government will take to ensure a soft landing.

Tiananmen hardliner regrets massacre

Posted: 29 May 2012 09:48 AM PDT

Chen Xitong, mayor of Beijing at time of crackdown, has called it a tragedy that 'could have been prevented' in a new book

Egypt election run-off sparks protests

Posted: 29 May 2012 01:56 AM PDT

Voters take to the streets after the announcement of the official results of the first round of presidential elections, rejecting the run-off candidates

Competing tax plans try California voters

Posted: 29 May 2012 09:24 AM PDT

State governor stakes his term on convincing electorate to back his proposal while a civil rights lawyer wants hers to win to prop up schools

Mongolia open to talks on investment law

Posted: 29 May 2012 07:34 AM PDT

President Tsakhia Elbegdorj concedes there are problems with legislation rushed in to limit foreign holdings in sectors such as mining and banking

Hollande government confronts grim outlook

Posted: 29 May 2012 09:54 AM PDT

Administration must reconcile campaign pledges on jobs wages and pensions with the reality of unemployment and constrained public finances

Time slips by for Monti’s reform

Posted: 29 May 2012 11:12 AM PDT

The European Commission endorses the prime minister's programme for Italy but investors are wary about elections early next year

Suu Kyi makes historic trip abroad

Posted: 29 May 2012 12:03 PM PDT

Myanmar's opposition leader has landed in Bangkok for her first trip overseas in 24 years, a show of confidence in the liberalising of her country

Congo probes claim of Rwandan role in violence

Posted: 29 May 2012 08:33 AM PDT

The allegations come on the heels of fresh fighting in the mountainous Kivu regions bordering Rwanda which has displaced tens of thousands

Monday, May 28, 2012

Annan calls for ‘bold steps’ from Assad

Annan calls for ‘bold steps’ from Assad


Annan calls for ‘bold steps’ from Assad

Posted: 28 May 2012 10:34 AM PDT

As attacks by regime forces were reported in Hama, Kofi Annan said he had been 'shocked and horrified' by the Friday massacre in Houla

More than a dozen injured in Kenya blast

Posted: 28 May 2012 09:35 AM PDT

Dense smoke billows from a badly damaged building in the business district of Nairobi but the cause of the explosion not immediately clear

Romney emerges as a potent adversary

Posted: 28 May 2012 06:50 AM PDT

Having shaken off detractors from within the Republican party and beyond, Mitt Romney must now prove himself against Barack Obama

Export growth boosts Portugal’s prospects

Posted: 28 May 2012 07:18 AM PDT

Shoes, 'designer' toilet paper and vehicles are among the sales successes helping cut the trade deficit and offering hope for the economy

World waits on Russia to stop backing Assad

Posted: 28 May 2012 09:06 AM PDT

Some diplomats admit that western powers will hide for as long as possible behind the Annan plan, in the faint hope that Moscow will eventually changes its mind

Spotlight turns on Hong Kong graft agency

Posted: 28 May 2012 09:16 AM PDT

The Independent Commission Against Corruption is under greater scrutiny after its investigation into the Kwok brothers' property dealings

Blair denies striking deal with Murdoch

Posted: 28 May 2012 06:10 AM PDT

Former PM says he took a strategic decision to 'manage' ties with the press and that he had a 'working relationship' with the media baron

Lazio captain arrested over match-fixing

Posted: 28 May 2012 06:29 AM PDT

Lazio's Stefano Mauri is held after police make a series of arrests over suspected match-fixing involving teams in the Italian league's top three divisions

Slowing economy hits India’s poorest

Posted: 28 May 2012 08:00 AM PDT

Casual labourers bear the brunt of changes as rates of pay and numbers of jobs available have both fallen since economic growth began slowing

Beijing disciplines former rail chief

Posted: 28 May 2012 09:13 AM PDT

China has expelled its one-time railways minister Liu Zhijun from the Communist party for alleged bribery and abuse of his position

Sunday, May 27, 2012

Houla massacre leaves UN plan in tatters

Houla massacre leaves UN plan in tatters


Houla massacre leaves UN plan in tatters

Posted: 27 May 2012 12:45 PM PDT

The killings, including 32 children among more than 92 people, have led to global condemnation and raised questions over the ceasefire

Tehran defiant on nuclear programme

Posted: 27 May 2012 09:31 AM PDT

Country to continue stockpiling highly enriched uranium in a sign of frustration that concessions on its nuclear programme may not ease sanctions

Battle to succeed Sarkozy on French right

Posted: 27 May 2012 08:02 AM PDT

UMP party seeks to prevent François Hollande, the Socialist president, from winning a majority in next month's parliamentary elections

Greece says public finances face collapse

Posted: 27 May 2012 10:44 AM PDT

Concern raised of cash flow turning negative in early June amid a sharp fall in tax revenues and a loosening of spending controls during two election campaigns

Safety fears grow at Japan nuclear plant

Posted: 27 May 2012 08:34 AM PDT

A fresh wave of safety concerns has put the government and operators of the Fukushima Daiichi disaster site back on the highest alert

Pope stays silent on Vatican leaks

Posted: 27 May 2012 09:05 AM PDT

Valet incarcerated in a 'secure room' within the city state as papal investigators continued questioning over paper found in apartment

Case for Irish Yes is a hard sell

Posted: 27 May 2012 08:14 AM PDT

While the No message resonates, no one really wants to risk Ireland's position in Europe, where it prospers as an investment gateway

People’s Action loses Singapore by-election

Posted: 26 May 2012 08:55 AM PDT

The vote in Hougang, an opposition stronghold, was widely seen as a barometer of concern over immigration and living costs

Security crisis threatens Yemeni transition

Posted: 27 May 2012 08:34 AM PDT

West's close relations with President Hadi risk handing propaganda coup to militants including al-Qaeda who are increasingly powerful

Hooligans cause concern at Euro 2012

Posted: 27 May 2012 07:44 AM PDT

Poland and Ukraine say worries of racist attacks are greatly exaggerated and are confident that the football championships will be peaceful

Saturday, May 26, 2012

Iran boosts stocks of high grade uranium

Iran boosts stocks of high grade uranium


Iran boosts stocks of high grade uranium

Posted: 25 May 2012 02:22 PM PDT

IAEA inspectors say they discovered particles of highly enriched uranium, which bring Iran closer to weapons-grade capacity

Brazilian vetoes upset rainforest activists

Posted: 25 May 2012 04:46 PM PDT

Dilma Rousseff has dealt a blow to environmental groups by blocking only parts of a forestry bill that critics say will speed up the destruction of Amazon rainforest

Friday, May 25, 2012

Egypt faces division in electoral run-off

Egypt faces division in electoral run-off


Egypt faces division in electoral run-off

Posted: 25 May 2012 12:36 PM PDT

Islamist and ex-military man are the top vote-getters in the first round of the country's presidential elections, according to preliminary results

Beijing faces Brussels action on telecoms aid

Posted: 25 May 2012 11:19 AM PDT

EU tells member states it has compiled firm evidence that Beijing's telecommunications equipment companies have benefited from illegal state subsidies

Hollande in unannounced Afghanistan trip

Posted: 25 May 2012 07:14 AM PDT

The French president made his first trip to Afghanistan since winning the election and ahead of the withdrawal of 3,400 troops later this year

Iran talks end in harsh lesson for west

Posted: 25 May 2012 10:38 AM PDT

Diplomats fail to make progress after two days of anguished talks between Iran and world powers over Tehran's nuclear programme

Bain attacks fail to damage Romney

Posted: 25 May 2012 11:32 AM PDT

The effort to portray GOP presidential candidate Mitt Romney as a heartless "Richie Rich" character may not be resonating in the American heartland

Hidden war embodies Pakistan’s struggle

Posted: 25 May 2012 06:02 AM PDT

Hundreds of bullet-riddled bodies of activists, students and even poets in Baluchistan gives clue to biggest question hanging over Pakistan

UN official wants Zimbabwe sanctions eased

Posted: 25 May 2012 11:59 AM PDT

The continuation of sanctions is now opposed by all three parties that make the inclusive government, according to Navi Pillay

Irish turf cutters flout European ban

Posted: 25 May 2012 06:59 AM PDT

It's the start of the turf cutting season and plot owners on Mouds Bog are involved in a standoff with the Irish and European authorities

Chinese urged to spend more and save less

Posted: 25 May 2012 10:17 AM PDT

Some economists say the government needs to do more to promote rebalancing in a country where citizens save a large proportion of their incomes

US consumers most positive in four years

Posted: 25 May 2012 07:38 AM PDT

Consumer sentiment was the strongest in more than four years as Americans were more upbeat about jobs and income growth amid easing petrol prices

Thursday, May 24, 2012

Iran nuclear talks to resume in Moscow

Iran nuclear talks to resume in Moscow


Iran nuclear talks to resume in Moscow

Posted: 24 May 2012 10:05 AM PDT

Fresh meeting holds out some hope of a possible deal but there was no sign in Baghdad that negotiatiors had managed to bridge any differences

India warns EU over airline carbon tax

Posted: 24 May 2012 11:12 AM PDT

Civil aviation minister threatens to ban European carriers entering India if Brussels goes ahead with sanctions against country's airlines

Hollande hardens line on links with Merkel

Posted: 24 May 2012 09:53 AM PDT

The socialist president has sought to rally support on the European and international stage for his calls for action to stimulate growth

Egyptian election polarises voters

Posted: 24 May 2012 10:01 AM PDT

North African nation's first competitive presidential election is in its second day, with onlookers monitoring voter turnout as run-off looks likely

Confident China risks becoming arrogant

Posted: 24 May 2012 08:46 AM PDT

Intolerance towards outside world is increasingly coupled with sense that as China becomes great power again, it can afford to ignore others' views

Russia turns up the nuclear rhetoric

Posted: 24 May 2012 08:44 AM PDT

Russian officials warn of a potential nuclear conflagration in what appears to be a response to Nato's launch of its anti-ballistic missile system

Corleone wants to lay Mafia past to rest

Posted: 24 May 2012 09:48 AM PDT

The Sicilian town notorious for its ferocious godfathers hopes to break with its bloody past, but the Cosa Nostra is far from finished

‘Obamacare’ ruling poses GOP challenge

Posted: 24 May 2012 11:14 AM PDT

The party will have to offer a popular alternative if the law is struck down when the Supreme Court imminently releases its ruling

PAP deploys Singapore’s ‘auntie killer’

Posted: 24 May 2012 06:16 AM PDT

After a bruising election result last year Singapore's ruling People's Action party hopes a young candidate can boost its popularity

Chinese architect blasts demolition culture

Posted: 24 May 2012 04:18 AM PDT

Winner of prestigious architecture award hits out at the urbanisation that he says has stripped Chinese cities of their distinctive character and beauty

Wednesday, May 23, 2012

Egypt in first free presidential poll

Egypt in first free presidential poll


Egypt in first free presidential poll

Posted: 23 May 2012 10:17 AM PDT

Election marks the beginning of what many hope to be a new democratic era in the Arab world's largest country, with its result far from certain

Fraught Iran talks to carry on in to day two

Posted: 23 May 2012 01:15 PM PDT

According to diplomats, Tehran negotiator's interventions indicated he was looking for rev­­ersal of planned or existing sanctions

EU struggles to agree hard line on Greece

Posted: 23 May 2012 10:54 AM PDT

Athens not formally on agenda of Wednesday summit in Brussels – but differing approaches were becoming evident in the run-up

Doctor who helped track bin Laden jailed

Posted: 23 May 2012 08:56 AM PDT

Shakil Afridi sentenced to 33 years for treason for running a fake vaccination campaign that helped verify where al-Qaeda leader was hiding

Russian stocks fall on privatisation U-turn

Posted: 23 May 2012 09:59 AM PDT

President Vladimir Putin's decree that in effect cancels several energy stake sales indicates elite infighting and has spooked investors

Biggest US banks in senator’s sights

Posted: 23 May 2012 10:54 AM PDT

Sherrod Brown renews congressional push to break-up America's top lenders to put an end to the 'too big to fail' problem that sparked bailouts

Military’s shadow falls on Egypt election

Posted: 23 May 2012 09:11 AM PDT

Generals want to maintain oversight of the country's 'direction' and are waiting to see who they will have to deal with once voting is over

Model Berlin airport left on the tarmac

Posted: 23 May 2012 06:45 AM PDT

A new airport, which could serve as a blueprint for others in Europe, will have another nine months to refine its baggage handling procedures

India airport scandal hits government

Posted: 23 May 2012 10:24 AM PDT

Audit accuses Indian government of leasing airport land to private company at a rate that could see state lose $29bn in potential revenues

China’s factories look closer to home

Posted: 23 May 2012 06:25 AM PDT

Many exporters in southern China are looking to the domestic market as overseas orders plummet and costs rise