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Friday, August 31, 2012

Eurozone jobless total reaches fresh high

Eurozone jobless total reaches fresh high

Eurozone jobless total reaches fresh high

Posted: 31 Aug 2012 04:01 AM PDT

A rise in unemployment to its highest since 1999 mixed with an unexpected increase in inflation poses dilemma for policy makers

Bernanke confirms bias towards easing

Posted: 31 Aug 2012 10:25 AM PDT

The US Federal Reserve chairman confirmed the central bank's march towards more monetary easing based on the feeble state of the economy

Berezovsky loses against Abramovich

Posted: 31 Aug 2012 11:57 AM PDT

High Court dismisses $6.5bn lawsuit over disputed Russian oil and gas stakes acquired at knock-down prices after collapse of Soviet Union

Romney’s coronation speech is ‘good enough’

Posted: 30 Aug 2012 06:42 PM PDT

Mitt Romney accepted his coronation as the Republican's 2012 presidential candidate after a three-day party convention in Tampa

Obama braced for battle on economy

Posted: 31 Aug 2012 09:30 AM PDT

After three-and-a-half years in which growth has been excruciatingly slow, the president must prove he deserves another four years

Delhi gridlock curbs India’s growth

Posted: 31 Aug 2012 09:30 AM PDT

Inflation, political deadlock over corruption claims and reforms, a growing fiscal deficit and infrastructure bottlenecks restrict economy

Israelis prepare amid fear of Iran war

Posted: 31 Aug 2012 06:02 AM PDT

Residents are collecting state-funded gas masks and renovating rundown bomb shelters in their apartment buildings in case of an attack

S Africa gold miners strike as strife spreads

Posted: 31 Aug 2012 09:25 AM PDT

Some 12,000 workers at a Gold Fields mine have walked out over a dispute, in the latest industrial action to hit South Africa's mining industry

Hollande’s love life in the spotlight

Posted: 31 Aug 2012 11:13 AM PDT

The French leader's tangled relationships are being dissected in the press – rocking his carefully crafted image as a 'normal' president

Erdogan nurses ambitions for Istanbul

Posted: 31 Aug 2012 08:28 AM PDT

With a mosque, bridge and airport, the Turkish prime minister is reshaping Istanbul in ways that could bind his name to the city for generations
Posted by Anonymous at 1:39 PM 0 comments

Thursday, August 30, 2012

Qatar group falls victim to virus attack

Qatar group falls victim to virus attack

Qatar group falls victim to virus attack

Posted: 30 Aug 2012 11:28 AM PDT

One of the world's largest producers of natural gas has become the second major Middle East energy company to be hit by computer hackers

Merkel opposes anti-China trade case

Posted: 30 Aug 2012 04:40 AM PDT

German chancellor calls for talks to avoid an anti-dumping action by European solar-panel makers against their Chinese rivals

Marikana weighs on Zuma re-election hopes

Posted: 30 Aug 2012 07:59 AM PDT

The violence at the South African mine puts into question the president's leadership as his ruling party ANC heads to a conference in December

Ryan raises stakes on Medicare

Posted: 30 Aug 2012 11:35 AM PDT

For the next two months, the presidential campaigns will focus on pushing their versions of the truth about future of the healthcare programme

Hollande seeks to win over business

Posted: 30 Aug 2012 08:21 AM PDT

France's company leaders have been alarmed by tax-and-spend measures announced by the government, including a big rise in wealth taxes

Chinese tourists boost Taiwan economy

Posted: 30 Aug 2012 08:08 AM PDT

Big rise in visitors from mainland is helping job creation and fuelling hope of a better relationship between the two historical antagonists

Clinton eyes South Pacific influence

Posted: 30 Aug 2012 10:50 AM PDT

US secretary of state's presence at island governments forum indicates region is becoming part of the geopolitical contest between the US and China

Scarce initial signs of a Spain in crisis

Posted: 30 Aug 2012 10:36 AM PDT

Full cafes and bars, steady traffic and a lack of widespread discontent belie statistics which reveal the economy is in a parlous state

Crisis sharpens divisions over EU budget

Posted: 30 Aug 2012 08:15 AM PDT

For some states the crisis is a reminder of a need to rein in EU spending while for others it is has reinforced the need to invest resources to fuel growth

Fresh Syria clashes swell refugee numbers

Posted: 30 Aug 2012 10:37 AM PDT

Host countries that are already suffering from spillover effects of the Syrian conflict are wondering how they will sustain the growing number of Syrians
Posted by Anonymous at 1:08 PM 0 comments

Wednesday, August 29, 2012

Isaac tests Louisiana’s flood defences

Isaac tests Louisiana’s flood defences

Isaac tests Louisiana’s flood defences

Posted: 29 Aug 2012 12:54 PM PDT

Slow pace of storm magnifies impact of heavy rain and high winds, as it overtops flood defences in Louisiana, leaving 500,000 people without power

Romney ready to reveal his Mormon soul

Posted: 29 Aug 2012 11:14 AM PDT

When he accepts the Republican party's nomination for president, his religion will be celebrated on prime-time TV like never before

ECB bankers toil over bond-buying plan

Posted: 29 Aug 2012 10:25 AM PDT

No-shows at the central bankers' Jackson Hole symposium hints at the scale of work yet to be done on the central bank programme

India proposes ban on child labour

Posted: 29 Aug 2012 07:06 AM PDT

Indian government proposes ban on all children working under the age of 14 and no one under 18 to work in hazardous industries

Former Egypt premier faces charges

Posted: 29 Aug 2012 11:24 AM PDT

Ahmed Shafiq placed on 'watch list' and authorities warn that the former civil aviation minister could be detained upon return to the country

France earmarks €2.3bn to cut joblessness

Posted: 29 Aug 2012 08:51 AM PDT

President François Hollande's socialist government aims to tackle youth unemployment and create 100,000 jobs despite its budget deficit

Iran uses summit to reset its image

Posted: 29 Aug 2012 11:00 AM PDT

Tehran hopes a meeting of 120 developing countries will bolster support for its nuclear ambitions and prove its importance as a regional power

No surprises likely from Bernanke

Posted: 29 Aug 2012 10:26 AM PDT

Ben Bernanke's speech on Monetary Policy Since the Crisis is more likely to provide a broad framing of the Fed's actions over the last five years

Japan Inc intensifies investment abroad

Posted: 29 Aug 2012 04:38 AM PDT

For some Japanese companies, manufacturing in their home market no longer makes sense so they are using a strong yen to expand operations abroad

Turkey urges UN to set up Syria safe zone

Posted: 29 Aug 2012 02:52 AM PDT

Syrian refugees are pouring across the border amid growing violence, but UN agreement unlikely given propensity for China and Russia to veto resolutions on the war-torn country
Posted by Anonymous at 1:14 PM 0 comments

Tuesday, August 28, 2012

Isaac reaches hurricane strength

Isaac reaches hurricane strength

Isaac reaches hurricane strength

Posted: 28 Aug 2012 10:11 AM PDT

Obama declares state of emergency in Louisiana as residents of the gulf coast brace to brave the elements once more, seven years after Katrina

Ryan’s rightwing appeal may be gift to Obama

Posted: 28 Aug 2012 11:20 AM PDT

Social positions draw applause from Tea Party and conservatives but provide Obama campaign with multiple targets to sway constituencies

France to probe Arafat murder claims

Posted: 28 Aug 2012 12:12 PM PDT

Court's investigation into alleged poisoning is likely to add impetus to plans to exhume former Palestinian leader's body from Ramallah mausoleum

Catalonia heightens Spanish debt fears

Posted: 28 Aug 2012 08:18 AM PDT

Bailout request could spark tensions with Madrid as the region's government says it will not accept extra political conditions in exchange for funds

‘Bull’ proves hero and pariah for Beijing

Posted: 28 Aug 2012 05:54 AM PDT

China hailed the Hong Kong activist for landing on disputed islands in the East China Sea but he is banned from the mainland

Greece in talks on economic zones

Posted: 28 Aug 2012 09:33 AM PDT

Proposal on table to establish areas offering tax breaks to attract investors and help reinvigorate its economy after five years of recession, development minister says

Australia to join EU carbon market

Posted: 28 Aug 2012 09:03 AM PDT

News of link sparks rise in carbon permit price. Brussels also opens talks with South Korea, China and California over possible collaboration

Bogotá sets up Farc peace negotiations

Posted: 28 Aug 2012 10:47 AM PDT

President Santos has placed three conditions on talks continuing with the Revolutionary Armed Forces of Colombia after five decades of fighting

S Africa miners brave dangers for work

Posted: 28 Aug 2012 09:59 AM PDT

Violence at Marikana has highlighted the tough conditions miners face and is causing workers at the country's other sites to now question their lot

Merkel marks ‘special’ China relationship

Posted: 28 Aug 2012 12:31 PM PDT

German chancellor to duck question of whether Chinese solar-power equipment makers are selling products below cost of production and damaging rivals
Posted by Anonymous at 1:22 PM 0 comments

Monday, August 27, 2012

Ghost of Katrina haunts Republicans

Ghost of Katrina haunts Republicans

Ghost of Katrina haunts Republicans

Posted: 27 Aug 2012 10:59 AM PDT

Republican National Committee is concerned about hosting a primetime celebration of the party and its candidate if a disaster unfolds in New Orleans

Apple win sends waves through techs

Posted: 27 Aug 2012 10:47 AM PDT

Samsung and Google shares fall after US court verdict on fears for forced redesign, while Nokia and Microsoft enjoy boost

Taliban denies Afghan beheadings

Posted: 27 Aug 2012 09:00 AM PDT

Fifteen men and two women civilians attending a music party in southern Helmand province have been found dead, authorities say

Berlin and Paris forge union over crisis

Posted: 27 Aug 2012 10:09 AM PDT

Co-operation over eurozone remedies, including banking union, is the clearest signal to date of thawing relations between Germany and France

German business sentiment slides further

Posted: 27 Aug 2012 03:47 AM PDT

Climate index falls for fourth consecutive month in August, reaching its lowest level in more than two years as companies see business deteriorating

Rebels claim Syria helicopter crash

Posted: 27 Aug 2012 07:33 AM PDT

Unverified footage posted online by activists shows a helicopter crashing after being engulfed in flames. State television confirms crash

Japanese envoy’s car attacked in Beijing

Posted: 27 Aug 2012 09:56 AM PDT

The incident, in which a man ripped the Japanese flag from the vehicle, comes amid a tense territorial dispute over islands in the East China Sea

Damage to Libya shrines prompts crisis

Posted: 27 Aug 2012 09:38 AM PDT

Officials and religious authorities deplore the destruction, the latest in a spate of attacks by ultraconservative Islamists across northern Africa

Singh hits out at auditor over coal report

Posted: 27 Aug 2012 04:39 AM PDT

India's PM hit out at a report by the country's auditor general accusing the government of losing $33bn in revenues when it allocated coal blocks

Dutch rightwinger turns fire on euro

Posted: 27 Aug 2012 07:42 AM PDT

In a bid to win votes in September's election Geert Wilders has switched focus from immigration to nationalistic attacks on the EU and single currency
Posted by Anonymous at 1:16 PM 0 comments

Sunday, August 26, 2012

Republicans eye tropical storm Isaac

Republicans eye tropical storm Isaac

Republicans eye tropical storm Isaac

Posted: 26 Aug 2012 10:41 AM PDT

Party rearranging convention as it tries to ensure tropical storm does not overshadow its elaborate plans for a fresh launch of Mitt Romney's presidential run

Assad forces accused of massacre

Posted: 26 Aug 2012 06:18 AM PDT

Syrian opposition activists say hundreds have been killed in Daraya after regime troops took control of the Damascus suburb following several days of clashes

First man to walk on moon dies at 82

Posted: 25 Aug 2012 04:14 PM PDT

US astronaut Neil Armstrong, who took a giant leap for mankind when he became the first person to walk on the moon, has died at the age of 82

Ayrault warns EU fiscal pact rebels

Posted: 26 Aug 2012 09:04 AM PDT

Prime minister calls for unity among the Paris government's supporters and for them to face up to responsibilities ahead of October's debate on the EU treaty

S Africa probes abuse of miners in custody

Posted: 26 Aug 2012 11:46 AM PDT

Watchdog investigates allegations that striking mine workers who were arrested during the Marikana mine unrest have been abused in police custody

Garages in the sky give Singapore a lift

Posted: 26 Aug 2012 11:17 AM PDT

Property developer builds 'en suite' garages to enable owners to park their cars next to the living room, even if they live on the 30th floor

Cholera outbreak kills 224 in Sierra Leone

Posted: 25 Aug 2012 11:08 PM PDT

Health officials warn the crisis has not peaked as heavy rain, overcrowding, and poor sanitation have caused the rapid spread of the disease

India wrestles with competing land demands

Posted: 26 Aug 2012 08:30 AM PDT

The government aims to give more protection to landowners forced off their land by industrialisation – protection that some say goes too far

Russians spend it while they’ve got it

Posted: 26 Aug 2012 08:13 AM PDT

Middle class has little appetite for saving and is dissuaded from property investment by high interest rates so seems content to splash the cash

Budget hole undermines Spain’s plans

Posted: 26 Aug 2012 10:31 AM PDT

The discrepancy in this year's spending plans for the 17 autonomous regions could allow them to exceed their agreed budget deficit for 2012 by almost 10 per cent
Posted by Anonymous at 1:29 PM 0 comments

Friday, August 24, 2012

Breivik given 21 years for Norway killings

Breivik given 21 years for Norway killings

Breivik given 21 years for Norway killings

Posted: 24 Aug 2012 11:45 AM PDT

Oslo court finds extremist sane and hands down maximum sentence with the possibility of indefinite extension if he continues to pose a threat

Greece not written off, says Merkel

Posted: 24 Aug 2012 11:37 AM PDT

Germans ready to help "as much as we can", but Greek plea for more time to implement austerity measures and pay back eurozone loans is declined

Gunman kills ex-colleague in New York

Posted: 24 Aug 2012 12:59 PM PDT

Killer shot dead by police officers who fired 14 rounds, possibly injuring some of the other nine victims who were taken to hospital after shoot-out

US businesses curb capital spending

Posted: 24 Aug 2012 06:23 AM PDT

Strong demand for cars and aeroplanes lifts durable goods orders, but a decline in capital investment raises worries over the manufacturing sector

Patrols help protect Egyptian women

Posted: 24 Aug 2012 07:07 AM PDT

Volunteer groups formed in response to blatant and apparently rising physical and verbal molestation of females in public spaces across the country

Irish flock to buy tickets for bank satire

Posted: 24 Aug 2012 11:30 AM PDT

Sales show that Dublin is now ready for a musical on the country's boom and bust and the fall of Anglo Irish Bank, in which puppets are the stars

GDP details reveal gloomy picture

Posted: 24 Aug 2012 12:17 PM PDT

Household consumption is below its 2008 peak. In every other G7 country save Italy, the figure is above its pre-recession level

Syria conflict fuels Lebanon violence

Posted: 24 Aug 2012 09:49 AM PDT

Clashes between Sunni supporters of the rebels and Alawite backers of the Damacus regime are increasingly frequent in the northern city of Tripoli

US race shapes up as fight to wire

Posted: 24 Aug 2012 08:14 AM PDT

Obama and Romney fight for every vote, with the usual swings of voters between camps absent in a presidential campaign marked by stability
Posted by Anonymous at 1:55 PM 0 comments

Thursday, August 23, 2012

Anti-union battles steer workers to Democrats

Anti-union battles steer workers to Democrats

Anti-union battles steer workers to Democrats

Posted: 23 Aug 2012 10:33 AM PDT

the president's fate may be tied to the ability of the labour movement to deliver white working-class voters

Election rivals seek to exploit oil boom

Posted: 23 Aug 2012 11:50 AM PDT

Romney's pledge to achieve energy independence for North America is not as far-fetched as it might sound, thanks to technological breakthroughs

S Africa mine strike victims remembered

Posted: 23 Aug 2012 11:17 AM PDT

President Zuma announces details of an inquiry into the bloody incident, as colleagues and relatives of the 44 dead gathered for a memorial service

Athens and Berlin in spat over funds

Posted: 23 Aug 2012 11:59 AM PDT

Dispute erupts into public disagreement just as closely watched PMI data show the eurozone will almost certainly slip back into recession

Dutch Socialists catch the scent of victory

Posted: 23 Aug 2012 10:38 AM PDT

Disaffection with the conservative government's austerity policies is driving voters towards the most leftwing of the Netherlands' mainstream parties

Repression fears ahead of Angola election

Posted: 23 Aug 2012 07:52 AM PDT

Human rights groups highlight crackdown on dissent as a sign of the determination of President José Eduardo dos Santos to extend his 33-year rule

Doubts raised over China’s stimulus plans

Posted: 23 Aug 2012 06:54 AM PDT

Plans by local and central governments to invest hundreds of billions of dollars do not appear to contain much substance when examined closely

World watches as Danes venture below zero

Posted: 23 Aug 2012 09:10 AM PDT

Copenhagen, eager to maintain its currency peg to the euro, is experimenting with negative interest rates – studied closely by other central banks

Madrid to get power to close troubled banks

Posted: 23 Aug 2012 10:28 AM PDT

Spain is working on legislation to toughen the powers of its central bank to comply with Brussels' demands over its €100bn bailout package

Thais reaffirm backing for Myanmar project

Posted: 23 Aug 2012 10:32 AM PDT

Despite setbacks, Bangkok has moved to dispel doubts over its commitment to the world's biggest port and industrial zone development at Dawei
Posted by Anonymous at 1:28 PM 0 comments

Wednesday, August 22, 2012

S African miners defiant over demands

S African miners defiant over demands

S African miners defiant over demands

Posted: 22 Aug 2012 11:47 AM PDT

Striking workers at the Marikana platinum mine say they will not return to work until they are paid a monthly wage of R12,500 ($1,500)

Stakes rise as US warned of double-dip

Posted: 22 Aug 2012 10:27 AM PDT

The Congressional Budget Office says if Congress takes no action – and tax increases and spending cuts take effect – the economy will fall into a double-dip recession

Egypt formally requests $4.8bn IMF loan

Posted: 22 Aug 2012 08:18 AM PDT

Fiscal problems have deteriorated since Mubarak's fall with foreign reserves declining to under half levels seen before the uprising

Japanese exports slump on EU decline

Posted: 22 Aug 2012 07:20 AM PDT

Japanese exporters suffer a torrid July, with government data showing exports to the EU dropping by a quarter from the same month last year

Russia joins WTO after 19 years of talks

Posted: 22 Aug 2012 09:28 AM PDT

World Bank economists estimate resulting boon for Russia's economy of $49bn a year over midterm from increased competition and foreign investment

Eurozone leaders delay Greece aid decision

Posted: 22 Aug 2012 08:37 AM PDT

Angela Merkel and Jean-Claude Juncker say they will wait for the troika report on Greece before deciding whether to supply fresh aid to the nation

Kabul deploys spies on police and army

Posted: 21 Aug 2012 10:14 PM PDT

Afghan officials are sending dozens of undercover intelligence officers to security units nationwide to combat a spate of 'insider' attacks on coalition troops

Irish business hit as loan refusals soar

Posted: 22 Aug 2012 09:48 AM PDT

A quarter of applications for loans or overdrafts by small and medium companies are being refused – the second highest rejection rate behind Greece, a report shows

Polls show US election virtually tied

Posted: 22 Aug 2012 07:29 AM PDT

Latest polls in US presidential election show the two tickets virtually tied, with Mitt Romney receiving little bounce from picking Paul Ryan as his running-mate

Analysts link PKK upsurge to Syrian war

Posted: 22 Aug 2012 10:52 AM PDT

After the truck bomb that killed nine people in south-east Turkey this week, many now believe that the two regional conflicts are fuelling each other
Posted by Anonymous at 1:26 PM 0 comments
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