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Monday, December 31, 2012

China’s economy ends year on high note

China’s economy ends year on high note


China’s economy ends year on high note

Posted: 31 Dec 2012 12:52 AM PST

The HSBC purchasing managers' index for December climbed to 51.5 from 50.5 a month earlier, signalling an accelerated pace of expansion

Clinton hospitalised with bloodclot

Posted: 30 Dec 2012 06:01 PM PST

US secretary of state's spokesman said her doctors discovered the clot during a follow-up exam on Sunday and she was admitted to hospital

Sunday, December 30, 2012

US budget talks hit last-minute hurdle

US budget talks hit last-minute hurdle


US budget talks hit last-minute hurdle

Posted: 30 Dec 2012 12:50 PM PST

Democrats and Republicans blame each other for failing to reach fiscal cliff deal, with Senator McConnell saying 'no one issue' was separating the two sides

Monti struggles to form alliance

Posted: 30 Dec 2012 11:15 AM PST

Signs of discord foreshadow possible problems of unity as the prime minister prepares for national elections in February with a centrist alliance

Egyptian pound sinks to record low

Posted: 30 Dec 2012 08:33 AM PST

Central bank warns foreign reserves are at 'critical minimum' needed to meet debt repayments and fund food and fuel imports

France vows to maintain tax hit on rich

Posted: 30 Dec 2012 09:34 AM PST

François Hollande's government has pledged to continue squeezing the rich, despite rejection of its 75 per cent tax rate by the constitutional council

Envoy says Syria risks becoming failed state

Posted: 30 Dec 2012 09:16 AM PST

The international peace envoy for Syria makes a plea for fresh help from squabbling global powers to push the country towards a political solution

Opec cartel to reap record $1tn

Posted: 30 Dec 2012 10:32 AM PST

Oil price hits annual all-time high despite weak economic growth. The windfall will provide fresh capital to some of the world's largest sovereign wealth funds

Portugal braced for ‘fiscal earthquake’

Posted: 30 Dec 2012 07:13 AM PST

As Portugal passes the halfway mark of its three-year adjustment programme, the steep tax increases facing many families have made the outlook for 2013 the grimmest yet

Death of Indian rape victim sparks anger

Posted: 29 Dec 2012 09:55 PM PST

Sonia Gandhi promises justice as thousands gather for candlelight vigils after the death of a young woman brutalised on a New Delhi bus

Job pays too little, says Merkel rival

Posted: 30 Dec 2012 08:38 AM PST

Peer Steinbrück, the SPD candidate in Germany's general election, has provoked criticism by declaring the chancellor's €250,000 salary too low

China to release data on city pollution

Posted: 30 Dec 2012 08:45 AM PST

Air pollution in big cities will be monitored and hourly information made public, in a sign the government is responding to air quality concerns

Saturday, December 29, 2012

Indian gang rape victim dies

Indian gang rape victim dies


Indian gang rape victim dies

Posted: 29 Dec 2012 04:33 AM PST

23-year-old medical student, severely beaten, raped for almost an hour and thrown out of a bus in New Delhi, had been airlifted to Singapore for specialist treatment

Politicians play out cliffhanger

Posted: 28 Dec 2012 03:02 PM PST

Senators returned to wintry Washington on Thursday and members of the House of Representatives are being dragged back in anticipation of a final day's bargaining

Friday, December 28, 2012

Monti to lead centrist group into election

Monti to lead centrist group into election


Monti to lead centrist group into election

Posted: 28 Dec 2012 12:16 PM PST

Monti has met several small centrist parties, Catholic activists and a civic movement to discuss their support for the PM's liberal pro-Europe manifesto

Deal averts strike at US’s troubled ports

Posted: 28 Dec 2012 10:29 AM PST

A strike that threatened to halt trade at ports on the US east coast and disrupt the economy was averted as employers and union representatives struck a deal

Beijing continues struggle to tame internet

Posted: 28 Dec 2012 08:32 AM PST

The web has changed beyond recognition yet the government has returned to the same measures it tried in the early days, making real-name registration mandatory

Bondholders add twist to Argentina debt spat

Posted: 28 Dec 2012 08:09 AM PST

Request comes on eve of deadline for Argentina to submit arguments to appeals court in legal dispute that has sparked fresh fears of a sovereign default

Extremism on the rise in Zanzibar

Posted: 28 Dec 2012 05:30 AM PST

Traditional madrassas are finding it more difficult to rival the influence of foreign-funded conservative Islamic religious schools

Muscovites benefit from city’s makeover

Posted: 28 Dec 2012 08:55 AM PST

Moscow's redesign is set around residents' needs, yet some wonder if the Kremlin aims to placate the city's rebellious liberals with such improvements

Berlusconi ex-wife wins €36m-a-year alimony

Posted: 28 Dec 2012 08:51 AM PST

Verronica Lario was awarded reportedly 10 times more than the former PM had offered, though less than the €43m she had wanted in the divorce settlement

Irish chase green dollar by seeing red

Posted: 28 Dec 2012 08:02 AM PST

For centuries people have fled Ireland to make new lives abroad but now the country plans a series of competitions targeting its diaspora to help with its recovery

Weak Japan data bolster stimulus case

Posted: 27 Dec 2012 11:34 PM PST

Industrial output was worse than expected in November while consumer prices slid 0.1%, underlining Japan's struggle with deflationary pressures

Ghana’s modest middle takes to the skies

Posted: 28 Dec 2012 09:21 AM PST

The African Development Bank estimates that nearly one in five Ghanaians is now middle class, with enough money to buy a modest house or small car – or to fly

Thursday, December 27, 2012

Brahimi calls for interim regime for Syria

Brahimi calls for interim regime for Syria


Brahimi calls for interim regime for Syria

Posted: 27 Dec 2012 09:34 AM PST

Envoy's attempt to bring in a political transition receives little sign of public support from western enemies of Damascus regime or from rebels

Crisis takes toll on Greeks’ mental health

Posted: 27 Dec 2012 07:39 AM PST

Figures show number of suicides has increased 37% in two years as economic uncertainty and five years of recession place psychological strain on population

Lisbon’s rescue programme at critical point

Posted: 27 Dec 2012 07:54 AM PST

Weaker-than-expected growth and recent political setbacks mean Portugal risks missing new, loosened deficit targets and must find a further €4bn in cuts

Reid pessimistic on budget deal

Posted: 27 Dec 2012 12:10 PM PST

The chances of a US budget deal before the end-of-year deadline fade, with Congressional leaders launching broadsides against each other to apportion blame

Putin vows to ban adoptions by US citizens

Posted: 27 Dec 2012 10:45 AM PST

Critics argue that Moscow is playing politics with children's lives as the Kremlin prepares to ban Americans from adopting Russian children

Jackson to step down as head of EPA

Posted: 27 Dec 2012 11:00 AM PST

Lisa Jackson will step down as head of EPA after four years at the helm of an organisation charged with protecting the environment

Chávez hands economy to vice-president

Posted: 26 Dec 2012 09:09 PM PST

The Venezuelan president has delegated all economic responsibilities to Nicolas Maduro, his vice-president, while he recovers from cancer surgery

Ex-president Bush senior in intensive care

Posted: 27 Dec 2012 02:17 AM PST

George HW Bush's move to the intensive care unit follows 'series of setbacks' after he was hospitalised in November for bronchitis

Abe turns back clock to stimulate economy

Posted: 27 Dec 2012 01:35 AM PST

Japan's new prime minister's plans to beat deflation and renew economic growth through debt-funded spending echo the investment sprees of the 1990s

Mandela discharged from hospital

Posted: 27 Dec 2012 12:31 AM PST

Nelson Mandela is to receive further care at home to recover from illness after his longest hospital stay since his release from prison in 1990

Wednesday, December 26, 2012

Iranian addicts shift to synthetic drugs

Iranian addicts shift to synthetic drugs


Iranian addicts shift to synthetic drugs

Posted: 26 Dec 2012 06:11 AM PST

External sanctions and the worsening economy are forcing addicts to change their consumption patterns to high-risk behaviours, experts warn

Japan signals rise in borrowing

Posted: 26 Dec 2012 11:17 AM PST

Japan's new finance minister Taro Aso has signalled the government will borrow to boost the economy as Prime Minster Shinzo Abe unveils his cabinet

Syria’s military police chief defects

Posted: 26 Dec 2012 08:40 AM PST

Bashar al-Assad despatches Faisal Mekdad, deputy foreign minister, to Russia for talks with his Kremlin allies as battle rages over a crucial military base

Bersani wants growth-oriented Europe

Posted: 26 Dec 2012 09:12 AM PST

Frontrunner to be Italy's next PM is ready to cede more powers to Brussels on government spending, in exchange for freedom to boost key economic sectors

Asian jitters drive race for strategic ties

Posted: 26 Dec 2012 08:50 AM PST

Revived tensions in the South China Sea have given new impetus to moves towards more co-operation between India and the nations of southeast Asia

Adoption bill awaits Putin’s decision

Posted: 26 Dec 2012 09:10 AM PST

The upper house of parliament has voted unanimously for the measure as a tough response to a US law targeting Russian human rights violators

Indian women vent harassment fury

Posted: 26 Dec 2012 10:45 AM PST

There is growing resentment agasint the fact that in New Delhi groping, stalking and more violent aggression against women is common and is never punished

Obama cuts holiday to tackle fiscal cliff

Posted: 26 Dec 2012 11:20 AM PST

US president to return from Hawaii earlier than scheduled as he and lawmakers seek an alternative to automatic budget cuts and tax increases

Nationalist Ukraine party sparks concern

Posted: 26 Dec 2012 09:14 AM PST

The party made surprise breakthrough in October's parliamentary election, mustering 10 per cent of national vote and winning 37 seats

Oil lobby seeks to work with Obama

Posted: 26 Dec 2012 09:32 AM PST

The head of the US's powerful oil and gas industry lobby has signalled the potential for better collaboration during Mr Obama's second term

Sunday, December 23, 2012

Air strike on bread queue kills dozens

Air strike on bread queue kills dozens


Air strike on bread queue kills dozens

Posted: 23 Dec 2012 11:52 AM PST

Syrian air force bombs bakery in central province of Hama, say activists, on day international peace envoy arrives in Damascus for talks with regime

Monti ready to lead next government

Posted: 23 Dec 2012 10:54 AM PST

Italy's technocrat prime minister admits that his tentative move into politics will carry 'many risks' and has a 'high probability of not succeeding'

Republicans agonise over need to change

Posted: 23 Dec 2012 11:36 AM PST

The political impasse over the fiscal cliff has shown the Grand Old Party to be either unable or unwilling to do things differently when it really needs to evolove

Egypt voters back Morsi charter

Posted: 23 Dec 2012 11:11 AM PST

State-owned news website cites unofficial tally saying 64% of voters approved controversial constitution, which opponents say gives too much power to Islamists

Patriotic education distorts China world view

Posted: 23 Dec 2012 08:22 AM PST

To much of the world, the country acts like a bully but in the minds of many Chinese, they remain a poor and weak nation and this brings foreign policy risks

Chávez allies rule out new poll

Posted: 23 Dec 2012 07:42 AM PST

Venezuela will not call fresh elections if Hugo Chávez's cancer prevents him from taking office by January 10, says the head of congress

Clashes as police battle Delhi rape protest

Posted: 23 Dec 2012 11:10 AM PST

More than 100 people, including police officers, protesters and journalists have been reported injured in the tumult over the rape of a 23-year-old woman

Hamas struggles to land its ‘victory’

Posted: 23 Dec 2012 08:38 AM PST

The recent eight-day conflict ended with jubilation in Gaza, but there are fears that the euphoria could turn to frustration without economic progress soon

US gun lobby chief defies critics

Posted: 23 Dec 2012 11:42 AM PST

Wayne LaPierre, National Rifle Association chief, has stood by his call to place armed guards in all American schools in response to the Newtown massacre

Japan’s Abe issues ultimatum to BoJ

Posted: 23 Dec 2012 07:06 AM PST

Shinzo Abe has warned the Bank of Japan that if it refuses to introduce a 2% inflation target he will revise the law on the central bank's independence

Saturday, December 22, 2012

Tax and economy hit French joie de vivre

Tax and economy hit French joie de vivre


Tax and economy hit French joie de vivre

Posted: 21 Dec 2012 12:30 PM PST

A 'moroseness' and 'sadness' among the population has led to a fall in spending on spirits champagne and toys amid gloomy economic forecasts

Friday, December 21, 2012

Kerry nominated to replace Clinton

Kerry nominated to replace Clinton


Kerry nominated to replace Clinton

Posted: 21 Dec 2012 11:11 AM PST

Former presidential candidate and Vietnam veteran is expected to face a relatively trouble-free confirmation after Rice withdrew from process

Boehner promises further budget talks

Posted: 21 Dec 2012 08:07 AM PST

House Speaker and majority leader try to place onus on Obama and Senate to produce bipartisan deal but insist their Republican colleagues will talk

Moscow keen for role in Cyprus rescue

Posted: 21 Dec 2012 10:41 AM PST

EU objections have arisen to the idea of using taxpayer money to prop up a banking system that boasts considerable Russian deposits of uncertain origin

Entrepreneurs follow Depardieu out of France

Posted: 21 Dec 2012 10:42 AM PST

With taxes on the rise, the Socialist government is under pressure to produce figures for those leaving, and for the revenue lost as a result

Chinese wannabes rush to learn etiquette

Posted: 21 Dec 2012 05:29 AM PST

Institute set up in Beijing to teach wealthy, young Chinese western manners is part of a growing market in cross-cultural training

NRA calls for armed guards in all schools

Posted: 21 Dec 2012 12:59 PM PST

Gun lobby responds to Newtown rampage that killed 27 people, including 20 children, with plan for 'national shield' putting it at odds with Obama

Monti bows out as Italy heads to polls

Posted: 21 Dec 2012 10:51 AM PST

Former economics professor has yet to announce whether he will take part in elections after submitting his resignation to head of state

Seasonal satire echoes plight of Syrians

Posted: 21 Dec 2012 09:06 AM PST

A letter circulated by a resident of the battleground's biggest city is one of several poignant pieces of Christmas satire as Syrians contemplate their situation

Putin hails Russian birth-rate bounce

Posted: 21 Dec 2012 09:27 AM PST

The president has applied his own form of fertility treatment to the nation's population, but demographers say the halt in decline will be temporary

Young entrepreneurs thrive in Myanmar

Posted: 21 Dec 2012 08:05 AM PST

New, less politically-active generation throws its energy into business as the long-dormant economy springs back to life but obstacles remain, such as a lack of credit

Thursday, December 20, 2012

China cult targeted as ‘doomsday’ nears

China cult targeted as ‘doomsday’ nears


China cult targeted as ‘doomsday’ nears

Posted: 20 Dec 2012 10:38 AM PST

Eastern Lightning adherents, who claim persecution by the ruling Communist party, are preparing for doomsday, this Friday, December 21

Republicans stall cliff talks with House vote

Posted: 20 Dec 2012 11:20 AM PST

The Republican majority leader in the House said there was enough support from rank-and-file members to approve back-up legislation to avert the fiscal cliff

Gun control measures centre on ‘black rifles’

Posted: 20 Dec 2012 10:56 AM PST

Reinstating a ban on popular assault weapons will be politically difficult to achieve

Balance of military power shifts in Syria

Posted: 20 Dec 2012 07:13 AM PST

Predictions of imminent regime collapse may be overstated, but the mounting pressures on president present an opportunity to test diplomatic prospects

BoJ adds Y10tn to easing programme

Posted: 20 Dec 2012 05:09 AM PST

The Bank of Japan has stepped up its monetary easing, announcing it will expand its asset purchasing programme from Y91tn to Y101tn

Khodorkovsky to be freed early in 2014

Posted: 20 Dec 2012 11:01 AM PST

Any hope that his early release might signal a new leniency was crushed when prosecutors charged activist Alexei Navalny with fraud and money laundering

Spiralling drug war envelops São Paulo

Posted: 20 Dec 2012 09:52 AM PST

Conflict between leading gang and city's police raises questions about Brazil's place in Latin America's burgeoning drug trade

Rial’s woes lead to rise in Iranian crime

Posted: 20 Dec 2012 08:16 AM PST

US and European sanctions have taken their toll on the economy and purchasing power has fallen, with one online video of a street robbery fuelling a feeling of insecurity

Newest EU members go cooler on euro

Posted: 20 Dec 2012 08:23 AM PST

Latvia's prime minister, Valdis Dombrovskis, warns that his citizens are turning against the single currency after the eurozone crises

Monti meets workers as campaign forms

Posted: 20 Dec 2012 07:23 AM PST

Outgoing PM defends 13 months in office and tells staff at a Fiat factory in south Italy that work to overcome the national crisis has only just begun

Wednesday, December 19, 2012

Obama asks Biden to lead guns task force

Obama asks Biden to lead guns task force


Obama asks Biden to lead guns task force

Posted: 19 Dec 2012 09:58 AM PST

Vice-president's mission comes just days after an event that appears to have generated a national outcry for greater efforts to stem gun violence

Park elected South Korean president

Posted: 19 Dec 2012 09:48 AM PST

Park Geun-hye of the centre-right ruling New Frontier party is several points ahead of Moon Jae-in in country's presidential election

Monti set to join political battle

Posted: 19 Dec 2012 09:39 AM PST

Italy's technocrat PM has signalled his readiness to plunge into politics to defend his reform agenda by leading alliance of centrist pro-European parties

UN calls for $1.5bn to aid Syrians

Posted: 19 Dec 2012 10:28 AM PST

The organisation's largest ever short-term humanitarian appeal highlights the increasingly desperate plight of 5m Syrians affected by the conflict

EU leaders make four wishes for Italy

Posted: 19 Dec 2012 07:30 AM PST

Among the list is the hope for a government after next year's election that maintains the reform path of Mario Monti, the outgoing prime minister

Killings hit anti-polio drive in Pakistan

Posted: 19 Dec 2012 03:14 AM PST

Islamist militants kill health workers in Peshawar and Karachi, where some preachers portray vaccination campaigns as attempts to sterilise Muslims

China dispute hits Japanese exports

Posted: 18 Dec 2012 07:34 PM PST

Deteriorating trade balance will put pressure on incoming prime minister to fulfil his promises to reflate economy and return country to growth

Israel approves 2,600 homes

Posted: 19 Dec 2012 11:41 AM PST

Move comes two days after approval given to 1,500 new settler homes in occupied East Jerusalem and is criticised for damaging peace process

Afghan withdrawal signals new UK strategy

Posted: 19 Dec 2012 10:14 AM PST

British drawdown, with similar decision expected from US, presages pullout from south Asia and focus on threats from north Africa and Middle East

State department faulted over Libya attack

Posted: 18 Dec 2012 10:59 PM PST

Independent probe into fatal September 11 attack on US consulate in Benghazi accuses state department of 'systematic failures' over security procedures