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Wednesday, October 31, 2012

Sandy storms through US budget debate

Sandy storms through US budget debate

Sandy storms through US budget debate

Posted: 31 Oct 2012 11:16 AM PDT

Romney praises Federal Emergency Management Agency, in contrast to remarks in Republican primary debate when he queried need for such an organisation

Wall Street reopens after shutdown

Posted: 31 Oct 2012 10:35 AM PDT

A higher opening on US equity markets quickly fizzles out as traders return to work after the first weather-related two-day shutdown in more than a century

Sandy set to cost insurers at least $7bn

Posted: 31 Oct 2012 11:08 AM PDT

Investors are confident the well-capitalised insurance industry can withstand the looming multibillion-dollar payouts from hurricane Sandy

New debt forecasts dash Greece hopes

Posted: 31 Oct 2012 10:23 AM PDT

Athens presents new budget plan showing debt growing beyond worst-case scenario envisioned by international lenders eight months ago

US election claims dismay policy wonks

Posted: 31 Oct 2012 11:06 AM PDT

Marauding presidential campaigns rampage through economics and trade, leaving a trail of wrong-headed assumptions and falsehoods

US concerns grow over Chinese economy

Posted: 30 Oct 2012 11:06 PM PDT

As China prepares for leadership change US experts question whether its political system has become too clogged by special interests to reform

Palestinians in Syria face off over Assad

Posted: 31 Oct 2012 10:32 AM PDT

Violence moves closer as rival militias prepare to face off in a strategically important Damascus district heavily populated by refugees

Draghi expands role in fight to save euro

Posted: 31 Oct 2012 12:43 PM PDT

Mario Draghi, president of the European Central Bank, has stopped the rot but he still has much to prove as he enters his second year in office

China steps up rhetoric on disputed islands

Posted: 31 Oct 2012 08:19 AM PDT

China has made more forceful claims over the disputed islands since Japan's decision to nationalise them , a move that generated a furious response from Beijing

Little reward for builders of new India

Posted: 31 Oct 2012 10:13 AM PDT

The nation's construction industry is thriving, but its success rests on a vast and growing army of mobile rural labourers who live in squalor
Posted by Anonymous at 1:15 PM 0 comments

Tuesday, October 30, 2012

US hurricane leaves trail of devastation

US hurricane leaves trail of devastation

US hurricane leaves trail of devastation

Posted: 30 Oct 2012 01:01 PM PDT

Businesses and residents across the northeast US face billions of dollars of losses and days of disruption following Hurricane Sandy

High tides and winds take toll on east coast

Posted: 30 Oct 2012 12:14 PM PDT

Sandy destroys residential and commercial property along the US east coast, leaving many without power and severely damaging the regions transportation infrastructure

US markets plan to reopen after storm

Posted: 30 Oct 2012 12:36 PM PDT

US markets plan to reopen after two days of shutdown while most bank employees will work remotely

Eurozone woes weigh on Merkel’s majority

Posted: 30 Oct 2012 11:35 AM PDT

Growing uneasiness about the ECB voting for more aid for Greece means the chancellor is close to having to rely on opposition support to win votes

Obama and Romney vie for early votes

Posted: 30 Oct 2012 10:21 AM PDT

In a closely fought campaign, in which every advantage matters, the two US presidential candidates are keen to demonstrate winning leads

Brazil gripped by anti-corruption battle

Posted: 30 Oct 2012 09:15 AM PDT

Academics are giving live commentary to a big sleaze trial, involving former presidential aides, in what is seen as a national cathartic experience

Rebels and Kurds clash in Aleppo

Posted: 30 Oct 2012 11:53 AM PDT

The spate of deadly violence between two groups that had previously shared a tacit peace pact is a sign of the fragmentation of Syria's society

China raises stakes over disputed islands

Posted: 30 Oct 2012 07:48 AM PDT

Rising tensions over ownership of disputed islands is having knock-on effect on Japanese business in China, while a solution appears nowhere in sight

BoJ independence called into question

Posted: 30 Oct 2012 01:48 AM PDT

The Bank of Japan released an unusual joint statement with the government which could call into question its independence

Rotten foundations hit Irish boom victims

Posted: 30 Oct 2012 10:32 AM PDT

Chronic weakness in Irish building regulations, and poor enforcement, have compounded problems caused by a housing glut after Celtic Tiger collapsed
Posted by Anonymous at 1:45 PM 0 comments

Monday, October 29, 2012

‘Superstorm’ halts US presidential race

‘Superstorm’ halts US presidential race

‘Superstorm’ halts US presidential race

Posted: 29 Oct 2012 11:14 AM PDT

Hurricane Sandy prompts Obama's rapid return to Washington from Florida while Romney cancels Wisconsin event

Lagarde list editor attacks ‘sick’ Greek system

Posted: 29 Oct 2012 12:53 PM PDT

Journalist who published names of Greeks said to hold HSBC accounts in Switzerland wins trial postponement until Thursday

China’s luxury buyers embrace thrift

Posted: 29 Oct 2012 12:29 AM PDT

Chinese consumers are getting richer but they are also becoming more thrifty as the explosion in upmarket second-hand shops illustrates

Exposed Wen loses moment of triumph

Posted: 29 Oct 2012 05:36 AM PDT

Wen Jiabao's plans to enjoy his last weeks in power have been dented by revelations on the rise in his family's wealth since he became China premier

Hollande vows action on competitiveness

Posted: 29 Oct 2012 10:30 AM PDT

France's Socialist president responds to mounting pressure from industry for urgent action, especially to cut high labour costs

Sicily’s elections shake Italy

Posted: 29 Oct 2012 10:48 AM PDT

Anti-establishment party rides wave of anger at the country's mainstream parties and government austerity to score strongly in the island's regional elections

Syria violence marks end of failed truce

Posted: 29 Oct 2012 12:00 PM PDT

UN international envoy 'sorry' temporary Eid ceasefire that he tried to negotiate had not taken hold but promised not to be discouraged

Labour party calls for EU budget cut

Posted: 29 Oct 2012 05:14 AM PDT

With parliamentary vote due this week, UK opposition accuses prime minister of 'throwing away' chance for real terms reduction

India sets 3% deficit target for 2017

Posted: 29 Oct 2012 01:23 AM PDT

Hours after a cabinet reshuffle the Indian government unveils target to cut budget by 2017 even though it is expected to hit 5.3% of GDP this year

Tent university highlights campus plight

Posted: 29 Oct 2012 08:52 AM PDT

For all its scientific strengths, Nile University suffers a vulnerability rooted in an association with the former regime and students staged a sit-in
Posted by Anonymous at 1:43 PM 0 comments

Sunday, October 28, 2012

Hurricane adds uncertainty to US election

Hurricane adds uncertainty to US election

Hurricane adds uncertainty to US election

Posted: 28 Oct 2012 01:23 PM PDT

Barack Obama and Mitt Romney are hastily rearranging their election campaign schedules as hurricane Sandy sweeps up the US east coast

Wen family disputes $2.7bn wealth claims

Posted: 28 Oct 2012 09:54 AM PDT

Wen Jiabao's family has threatened legal action over a report that claimed his relatives amassed vast wealth during his tenure as China premier

Ukraine opposition heads for strong election results

Posted: 28 Oct 2012 12:03 PM PDT

Opposition parties were on course for a strong result in Ukraine's parliamentary elections but the final outcome remained too close to call

Pollution protests force Chinese U-turn

Posted: 28 Oct 2012 09:27 AM PDT

A port's authorities have dropped plans to expand a petrochemical plant after demonstrations by residents worried about the environmental impact

Rome fears shockwaves from Sicily protest vote

Posted: 28 Oct 2012 10:48 AM PDT

With the eyes of Italy on Sicily, many Sicilians say that they intend to register an unprecedented level of rage and despair against all the mainstream parties

Berlusconi’s rant reflects Italian rifts

Posted: 28 Oct 2012 12:11 PM PDT

For the outside world, the former prime minister's televised outburst and threats offer further proof that the country is condemned to political instability

French bosses demand cuts to welfare burden

Posted: 28 Oct 2012 10:08 AM PDT

France's biggest companies have cranked up the pressure on President François Hollande about how to restore the country's declining competitveness

White House quells talk of new tax cuts

Posted: 28 Oct 2012 10:05 AM PDT

Democrats want to limit effects of year-end fiscal cliff on income of middle-class and fear Obama may give too much away to Republicans

Indian cabinet reshuffled before elections

Posted: 28 Oct 2012 02:25 AM PDT

Prime Minister Manmohan Singh has reshuffled his cabinet ahead of elections that must be held by 2014, with a reorganisation of the Congress party set to follow

Rakhine violence concerns Myanmar leader

Posted: 28 Oct 2012 09:11 AM PDT

New satellite imagery released by a human rights group has revealed the destruction from ethnic violence in the western Myanmar state of Rakhine
Posted by Anonymous at 1:46 PM 0 comments

Friday, October 26, 2012

Berlusconi sentence intensifies power struggle

Berlusconi sentence intensifies power struggle

Berlusconi sentence intensifies power struggle

Posted: 26 Oct 2012 12:32 PM PDT

The jail term handed down to Silvio Berlusconi adds to the mounting problems of Italy's government of technocrats under the leadership of Mario Monti

Romney seizes on sluggish growth figures

Posted: 26 Oct 2012 11:36 AM PDT

The big story of the latest economic data was a fall in business investment – most likely driven by the slowdown in China and uncertainty about the US "fiscal cliff"

Weather threatens swing state efforts

Posted: 26 Oct 2012 10:37 AM PDT

The candidates will blitz some of the swing states set to decide the November 6 election

Doubts despite Putin’s self-assured display

Posted: 26 Oct 2012 07:32 AM PDT

Many Russians in the middle classes aas well as the intelligentsia talk of a disconnect between their president's bullish vision and the reality that they perceive

Syria clashes violate Eid al-Adha truce

Posted: 26 Oct 2012 09:59 AM PDT

According to activists and state media, bomb exploded in southern Damascus: at least five people were killed and 32 wounded, said state television

Chinese left in the dark over new leaders

Posted: 26 Oct 2012 12:07 PM PDT

With three weeks to go before the new leadership is unveiled, China is in a frenzy over who will make it in to the powerful politburo standing committee

Iran’s currency traders forced underground

Posted: 26 Oct 2012 10:23 AM PDT

Police have closed many money exchanges in Tehran following the rial's plunge in value, but some dealers are continuing to operate in secret

The town that started Catalan deluge

Posted: 26 Oct 2012 10:43 AM PDT

Arenys de Munt's independence vote three years ago led to last month's million-plus rally in Barcelona, an event that has turned Spanish politics on its head

Fidel Castro reflections fade to a shadow

Posted: 26 Oct 2012 07:54 AM PDT

For decades the revolutionary leader was an overwhelming figure in their lives, but now the people of Cuba are being weaned from his presence

Armstrong faces cash legal battle

Posted: 26 Oct 2012 11:00 AM PDT

Cycling's ruling body has ordered the American to return the prize money he received for his seven Tour de France titles and is seeking to recover $3m
Posted by Anonymous at 1:48 PM 0 comments

Thursday, October 25, 2012

Japan grapples with its fiscal cliff

Japan grapples with its fiscal cliff

Japan grapples with its fiscal cliff

Posted: 25 Oct 2012 10:51 AM PDT

The Japanese government is to hold crisis talks with markets as a political stand-off threatens to halt bond auctions and strain state finances

Netanyahu and Lieberman merge parties

Posted: 25 Oct 2012 11:50 AM PDT

New entity creates a 'clearly defined nationalist, rightist camp' that is already a clear frontrunner for January's parliamentary elections

Greeks fail to agree on bailout terms

Posted: 25 Oct 2012 11:31 AM PDT

The standoff puts the prime minister in a difficult position as his finance minister has publicly rejected any changes before the reforms are put to parliament

Further slide in fortunes for Spain’s Socialists

Posted: 25 Oct 2012 10:28 AM PDT

A former Socialist minister has described the party's plight as the 'worst in 35 years', adding that Spaniards did not see his party as an 'alternative'

Powell delivers Obama endorsement

Posted: 25 Oct 2012 12:12 PM PDT

While the endorsement is not unexpected, the strength of his criticism of the Republican presidential candidate will take some by surprise

Ireland urges ECB to commit to bond-buying

Posted: 25 Oct 2012 07:14 AM PDT

Dublin has asked for 'confidence-building measures' to drive down bond yields and help smooth its exit at the end of 2013 from bailout programme

Minister says worst of mining crisis over

Posted: 25 Oct 2012 09:21 AM PDT

Gordhan has downgraded South Africa's GDP growth target for 2012 from 2.7 to 2.5 per cent, attributing the slide to unrest at home and exposure to Europe

US jobless claims fall to 369,000

Posted: 25 Oct 2012 06:59 AM PDT

Fresh economic data show a mixed picture of the recovery, with slow improvement in jobs even as businesses remain cautious on spending

Military action on Mali faces long delay

Posted: 25 Oct 2012 11:18 AM PDT

International support for intervention against al-Qaeda-linked insurgents cannot mask the lack of clarity of purpose nor divisions over timing

Battle for Aleppo intensifies

Posted: 25 Oct 2012 12:04 PM PDT

Rebels advance into regime-controlled areas of Syria's most populous city on Thursday, but government troops fight to recover ground
Posted by Anonymous at 1:43 PM 0 comments

Wednesday, October 24, 2012

Obama hits Romney on Hispanic vote

Obama hits Romney on Hispanic vote

Obama hits Romney on Hispanic vote

Posted: 24 Oct 2012 09:13 AM PDT

Both campaigns are trying to establish a sense of momentum in the public eye towards the close of the campaign

‘Rape’ remark hits Republican hopes

Posted: 24 Oct 2012 09:21 AM PDT

Tea Party conservative in Indiana appears to say God intended rape to happen when asked about his views on abortion issues

Senate races to watch

Posted: 24 Oct 2012 12:26 PM PDT

The most competitive clashes in the country

Doubts emerge over Syria truce claims

Posted: 24 Oct 2012 07:02 AM PDT

Lakhdar Brahimi says the Assad regime has agreed to a ceasefire, but Syria says its military chiefs have not decided to observe such a truce

Hand-wringing at dinner with Putin

Posted: 24 Oct 2012 09:16 AM PDT

This year's annual Valdai Discussion Club has sidestepped politics by taking Russia's economic development as its theme

Draghi defends bond-buying programme

Posted: 24 Oct 2012 11:03 AM PDT

The ECB president defends the central bank's bond-buying programme in front of German MPs, who are concerned about the risk of rising inflation

Chinese aspire to ‘golden rice bowl’ jobs

Posted: 24 Oct 2012 10:51 AM PDT

More than 1.5m people are expected to register for the country's civil service exam as the slowing economy increases the appeal of government work

China to restart nuclear programme

Posted: 24 Oct 2012 10:29 AM PDT

Beijing set to require new plants to be built with 'third generation' methods, a significant boost for these latest technologies

Catalonia looks to Scots for inspiration

Posted: 24 Oct 2012 11:49 AM PDT

Foreigners may help determine the outcome of the shrill struggle between Barcelona and Madrid over whether Catalonia has a future inside Spain

Kuwait political crisis deepens

Posted: 24 Oct 2012 09:49 AM PDT

Members of the opposition are planning a public sit-in, despite an official ban on gatherings of more than 20 people imposed after Sunday's demonstration
Posted by Anonymous at 1:56 PM 0 comments

Tuesday, October 23, 2012

Doubts cast over Japan nuclear phase-out

Doubts cast over Japan nuclear phase-out

Doubts cast over Japan nuclear phase-out

Posted: 23 Oct 2012 06:26 AM PDT

A plan to complete partially built Japanese nuclear reactors sows doubts about the government's commitment to phasing out atomic power by the 2030s

Justice department recruits unpaid prosecutors

Posted: 23 Oct 2012 11:38 AM PDT

Working for free has become more palatable as law firms retrench, despite fears it constrains pool of talent to those who can do without pay

Brussels drops women board quotas plan

Posted: 23 Oct 2012 09:59 AM PDT

Viviane Reding had championed a scheme to require companies within Europe to have 40 per cent of board seats filled by women by 2020 or face sanctions

Bush legacy lingers in debate

Posted: 23 Oct 2012 10:55 AM PDT

Even in George W. Bush's absence, the core ideas and instincts about America's place in the world are shaping the foreign policy debate of the election

Chances rise of an Obama defeat

Posted: 23 Oct 2012 10:34 AM PDT

In the last TV election debate, the president acts as the underdog and looks to be clinging on by his fingernails, while Romney keeps momentum

Gulf oil industry at risk of cyber attack

Posted: 23 Oct 2012 08:29 AM PDT

Damage caused by the Shamoon virus to oil infrastructure systems at Saudi Aramco and Qatar's RasGas bears the hallmarks of 'hacktivists', according to experts

Russia in grip of clean-living orthodoxy

Posted: 23 Oct 2012 09:10 AM PDT

Officials in the country are dusting off their Orthodox crosses and cold war era rhetoric following the return of Vladimir Putin for a third term as president

Monti may be the man for all seasons

Posted: 23 Oct 2012 07:22 AM PDT

Italy's Prime Minister Mario Monti may retain an influential role after next year's elections in a message of continuity as country grapples with recession

Madrid region pulls planned debt sale

Posted: 23 Oct 2012 06:52 AM PDT

Moody's downgrades debt of five other Spanish regions, warning some of the largest autonomous regions were suffering from'very limited cash reserves'

Qatar emir in landmark trip to Gaza

Posted: 23 Oct 2012 03:08 AM PDT

Sheikh Hamad pledges $400m for infrastructure as Doha reminds world of ambition to claim a central role in regional politics. Israel attacks visit
Posted by Anonymous at 1:31 PM 0 comments

Monday, October 22, 2012

Cameron signals EU budget deal to Berlin

Cameron signals EU budget deal to Berlin

Cameron signals EU budget deal to Berlin

Posted: 22 Oct 2012 11:56 AM PDT

UK prime minister demands real-terms freeze until 2020, raising fears in Berlin that Britain would use a veto at a summit next month

Race near deadlock ahead of final debate

Posted: 22 Oct 2012 09:09 AM PDT

The two candidates go into their final debate effectively tied in national polls but also separated by small margins in the battleground states

Lebanese army seeks to quell unrest

Posted: 22 Oct 2012 08:48 AM PDT

Lebanon's army vows to take decisive steps as fresh gun battles flare following the funeral of an assassinated intelligence chief

Armstrong banned from cycling for life

Posted: 22 Oct 2012 08:01 AM PDT

Union Cycliste Internationale bans seven-time Tour de France winner for life and strips him of his titles, in response to US Anti-Doping Agency report

India leaves foreign investors unamused

Posted: 22 Oct 2012 06:17 AM PDT

A corporate drama has been unfolding in India starring the world's biggest retailer Walmart, whose efforts to invest there are being treated with suspicion

Romney to target tax and regulation

Posted: 22 Oct 2012 09:42 AM PDT

If he wins next month, the Republican presidential candidate's domestic policy agenda would rest on his gaining control of the US Senate

Song and dance over Bollywood film lyrics

Posted: 22 Oct 2012 05:22 AM PDT

Indian conglomerates have taken legal action over a movie concerning Maoist rebels that includes a routine critical of corporate greed

Galicia win offers Rajoy political clout

Posted: 22 Oct 2012 10:37 AM PDT

Spanish government says the regional poll victory endorses its economic plan yet question remains over whether Spain will apply for EU aid

Scientists convicted over Italian quake

Posted: 22 Oct 2012 10:53 AM PDT

Six scientists and a government official have been sentenced to six years in prison for failing to warn of earthquake risk to town of L'Aquila

Vietnam apologises over economy mistakes

Posted: 22 Oct 2012 08:21 AM PDT

Nguyen Tan Dung tells the National Assembly that his government made mistakes in policies that led to large losses at banks and state-run companies
Posted by Anonymous at 1:57 PM 0 comments
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