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Thursday, February 28, 2013

Osborne fights to limit bonus cap fallout

Osborne fights to limit bonus cap fallout

Osborne fights to limit bonus cap fallout

Posted: 28 Feb 2013 10:32 AM PST

Britain will mount an 11th hour fightback next week to chip away at the EU banking agreement, with hope for minor concessions but not a full revision

US to give direct aid to Syrian rebels

Posted: 28 Feb 2013 09:31 AM PST

Secretary of state John Kerry announces food and medical assistance to armed groups, but Washington is still opposed to supplying weapons

Germany’s work conditions spark concern

Posted: 28 Feb 2013 09:13 AM PST

German voters and politicians are disturbed about the Dickensian terms that have descended on parts of the job market since reforms to make it flexible

Berlusconi camp anger at corruption probe

Posted: 28 Feb 2013 10:48 AM PST

Silvio Berlusconi's People of Liberty party attacks the judiciary after he is reported to have been linked to the suspected bribery of a senator

Italy’s bosses rail at political ‘losers’

Posted: 28 Feb 2013 10:21 AM PST

Business leaders fear much-needed reforms will be stalled by gridlock in Rome or torpedoed by the anti-establishment party led by Beppe Grillo

Senator takes Todd death to White House

Posted: 28 Feb 2013 09:50 AM PST

Engineer was working on development of gallium nitride, a substance that can be used in both commercial and military applications

China blames US hackers for attacks

Posted: 28 Feb 2013 05:08 AM PST

China's defence ministry says that two of its military websites were subjected to 144,000 attacks a month last year, with most originating in the US

Telepathic rats team up across continents

Posted: 28 Feb 2013 07:51 AM PST

Scientists use neurotechnology to transmit rats' thoughts, including across continents, in the first steps in the creation of a biological computer

India taps ‘super-rich’ in budget

Posted: 28 Feb 2013 04:16 AM PST

Finance minister says growth needs to be revived closer to the 8% achieved before global economic crisis, but offers only piecemeal measures to do so

Benedict abdication clears way for new pope

Posted: 28 Feb 2013 11:07 AM PST

Cardinals gather in Rome and prepare to choose his successor, which will be at a conclave of 115 to be held before March 15
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Wednesday, February 27, 2013

Mexican reforms set to boost oil flows

Mexican reforms set to boost oil flows

Mexican reforms set to boost oil flows

Posted: 27 Feb 2013 10:38 AM PST

Multinationals shut out by country's protectionist energy policies say they are ready to invest if congress passes legislation

US food shortages loom amid budget cuts

Posted: 27 Feb 2013 07:36 AM PST

Cuts to the US department of agriculture's budget could halt production, causing the first widespread shortage of meat, poultry and eggs in decades

Grillo kills move to break Italy deadlock

Posted: 27 Feb 2013 10:37 AM PST

Beppe Grillo says his Five Star Movement will not give a vote of confidence in parliament to any government led by the two main parties

Pope alludes to turbulent year of reign

Posted: 27 Feb 2013 07:40 AM PST

Benedict XVI holds his final public audience in St Peter's Square before a crowd estimated at 150,000, three times larger than expected

Top court caught up in Kenya poll drama

Posted: 27 Feb 2013 09:35 AM PST

The International Criminal Court prosecution team, by revealing weaknesses in its hand on the eve of polls, has provided a fillip to Kenyatta

EU nears deal on single banking rule book

Posted: 27 Feb 2013 12:17 PM PST

Bloc on brink of pact to implement Basel III capital rules, designed to avert future crises and taxpayer bailouts, in world's biggest commercial market

Republicans oppose assault weapons ban

Posted: 27 Feb 2013 10:44 AM PST

Republicans voice opposition to bill banning semi-automatic rifles, saying that the people with the guns were the problem, not the guns themselves

Swiss set to vote on executive pay curbs

Posted: 27 Feb 2013 10:50 AM PST

A poll shows support for proposals – going to ballot this Sunday – set out by an entrepreneur who was almost ruined by the 2001 collapse of Swissair

India calls end to economic downturn

Posted: 27 Feb 2013 05:56 AM PST

On the eve of a crucial budget, the Indian government predicts that the economy will expand but warned that it is in 'a difficult situation'

Restrictions hamper Gaza exporters

Posted: 27 Feb 2013 08:13 AM PST

Companies use a costly and difficult path for foreign markets for their goods, all of which must go through the Kerem Shalom crossing: when it is open
Posted by Anonymous at 1:39 PM 0 comments

Tuesday, February 26, 2013

Italy seeks way out of political chaos

Italy seeks way out of political chaos

Italy seeks way out of political chaos

Posted: 26 Feb 2013 11:23 AM PST

Uncertain outcome in Italy's election triggered steep falls in European share prices, extending a sell-off in the US late on Monday

Italy rejected a lot more than austerity

Posted: 26 Feb 2013 02:04 AM PST

Just as politics seemed to be going in the eurozone's favour, Italians have refused to bow to Europe's demands. But their discontent is also aimed at the Italian political system

Italy: joke backfires

Posted: 26 Feb 2013 05:18 AM PST

The result of the Italian election is no laughing matter, having ended in political gridlock, which in the context of the country may be worse than instability

Sanctions offer in Iran nuclear talks

Posted: 26 Feb 2013 08:57 AM PST

World powers offer to ease measures on gold trade if Tehran scales back activities that may lead to production of atomic bomb

Bernanke plays down easing concerns

Posted: 26 Feb 2013 11:12 AM PST

The Federal Reserve chairman's remarks to Congress suggest that concerns are not so great that the US central bank might cut short third round of quantitative easing

Tucker hints at radical growth moves

Posted: 26 Feb 2013 11:53 AM PST

Sterling weakens after Paul Tucker, the Bank of England deputy governor for financial stability, signals that he is open to more quantitative easing

US home sales reach post-2008 high

Posted: 26 Feb 2013 06:45 AM PST

Rising sales and prices indicate a continued recovery in the housing market as separate data show consumer confidence also appears to be building up steam

Brazil’s clown politician loses his smile

Posted: 26 Feb 2013 08:39 AM PST

Tiririca appears to have learnt the answer to his campaign question about what a congressman does – 'works a lot and produces little' – and has had enough

Egypt opposition front boycotts poll

Posted: 26 Feb 2013 11:22 AM PST

National Salvation Front says the Islamist government failed to consult its members on electoral law and it fears for conduct of election

ICC prosecution delays Kenyatta trial

Posted: 26 Feb 2013 09:28 AM PST

The hold-up in the trial of presidential candidate Uhuru Kenyatta for alleged crimes against humanity could have an impact on Kenya's elections
Posted by Anonymous at 2:01 PM 0 comments

Monday, February 25, 2013

Angry Italians say basta to austerity

Angry Italians say basta to austerity

Angry Italians say basta to austerity

Posted: 25 Feb 2013 12:02 PM PST

Populist and anti-establishment messages from Silvio Berlusconi and Beppe Grillo win over voters tired of Mario Monti's harsh medicine

Live coverage: Italian elections

Posted: 25 Feb 2013 11:26 AM PST

Capital markets and Brussels are bracing themselves for the outcome of national elections that are key to forming a government capable of leading Italy out of recession

Obama presses Congress over cuts

Posted: 25 Feb 2013 10:54 AM PST

Economists have estimated that sequestration would cut growth by 0.3 to 0.6 percentage points in 2013, if fully implemented

Kenyatta case casts shadow on Kenya poll

Posted: 25 Feb 2013 09:44 AM PST

Would-be president faces trial at International Criminal Court over alleged role in election violence five years ago when more than 1,100 died

US oil imports from Middle East increase

Posted: 25 Feb 2013 12:04 PM PST

Recent oil import trends from Gulf producers such as Suaid Arabia and Kuwait suggest why the US might continue to play a critical security role in the region

German president renews Europe debate

Posted: 25 Feb 2013 11:20 AM PST

The new head of state was clear about one thing: if there is to be 'more Europe' to resolve the crisis in the eurozone then it must be built from the bottom up

Depardieu renews double act with Kadyrov

Posted: 25 Feb 2013 08:53 AM PST

In another curious appearance on Russian soil, the French actor attempted the Chechen national dance at a gala dinner hosted by the republic's leader

Pope alters rules on successor’s election

Posted: 25 Feb 2013 07:47 AM PST

Benedict changes constitution to allow the meeting that will elect his successor to begin more quickly than was previously allowed

Park pledges to reward ‘sweat’ of people

Posted: 24 Feb 2013 09:32 PM PST

Incoming president Park Geun-hye promises to generate fairer income distribution for the people of South Korea to reward their 'can do' spirit

Castro to step down but not until 2018

Posted: 25 Feb 2013 09:08 AM PST

Raúl Castro says he will retire at the end of second five-year term as Cuba's president, potentially bringing an end to Castro domination of country
Posted by Anonymous at 1:49 PM 0 comments

Sunday, February 24, 2013

Risk of instability hangs over Italy poll

Risk of instability hangs over Italy poll

Risk of instability hangs over Italy poll

Posted: 24 Feb 2013 10:44 AM PST

With a decisive outcome far from certain, the prospect of a minority government and a return to the polls within the year looms large

Austerity looms over campaign spending

Posted: 24 Feb 2013 08:19 AM PST

Politicians have been forced to cut spending following a series of corruption scandals last year that led to a reduction in their public funding

Iran to build 16 more reactors

Posted: 24 Feb 2013 08:57 AM PST

Country has tripled estimated uranium reserves and plans to build 16 new reactors on the eve of talks to be held in Kazakhstan about its programme

Kuroda emerges as BoJ frontrunner

Posted: 24 Feb 2013 08:15 AM PST

Prime minister Shinzo Abe is set to make a final decision on the nomination in the coming days, having consulted with opposition parties

Merkel backs new EU talks for Turkey

Posted: 24 Feb 2013 08:50 AM PST

German chancellor says 'In spite of fact that I am sceptical, I have voted for continuation of accession negotiations ... so we can make progress'

Egypt needs more than a loan

Posted: 24 Feb 2013 09:31 AM PST

Country needs a long-delayed $4.8bn IMF loan but it also needs to form a genuine political consensus in order to face its multiple problems

Cyprus victor vows to finalise bailout

Posted: 24 Feb 2013 11:35 AM PST

Nicos Anastasiades vowed to resume talks quickly with international bailout lenders as he swept to an overwhelming victory in the island's presidential election

Minister rejects anti-France ‘falsehoods’

Posted: 24 Feb 2013 08:42 AM PST

Firebrand industry minister hits back at 'negative campaign', pointing to 'a tradition of welcome for foreign companies that goes back a long way'

Silicon Valley in immigration reform call

Posted: 24 Feb 2013 09:57 AM PST

A coalition of entrepreneurs, venture capitalists and social media experts are launching a campaign for comprehensive immigration reform

Gucci backs women’s equality campaign

Posted: 24 Feb 2013 12:14 PM PST

The luxury brand is underwriting Chime for Change, which will use social media to funnel donations to a range of women's education and equality charities
Posted by Anonymous at 1:22 PM 0 comments

Saturday, February 23, 2013

Abe lays out vision of Japan power in Asia

Abe lays out vision of Japan power in Asia

Abe lays out vision of Japan power in Asia

Posted: 22 Feb 2013 02:03 PM PST

Declaration that 'Japan is back' could raise hackles in China, where a new leadership is keen to establish country as a more dominant political force

Celebrities defend Lebedev as trial nears

Posted: 22 Feb 2013 02:00 PM PST

Move by actors and playwrights reminiscent of Soviet dissident trials when western dignitaries would write to the politburo asking for leniency

Strike halts Brazil port’s operation

Posted: 22 Feb 2013 05:42 PM PST

The opening salvo of the the campaign against port reform disrupts exports, forcing the government to agree to come to the negotiating table
Posted by Anonymous at 1:34 PM 0 comments

Friday, February 22, 2013

Abe seeks to boost security links with US

Abe seeks to boost security links with US

Abe seeks to boost security links with US

Posted: 22 Feb 2013 10:19 AM PST

Premier wants to use summit in Washington to strengthen Tokyo's embrace of a security alliance with the US as a counterweight to a rising China

Huawei denies link to work of Shane Todd

Posted: 22 Feb 2013 10:05 AM PST

Responding to an FT report on the death of the US engineer, the Chinese telecoms group says its R&D is for civil and commercial use only

France asks Brussels for budget pass

Posted: 22 Feb 2013 10:52 AM PST

Rehn hints he is willing to give French president François Hollande more time, but warns Paris must do more to liberalise its faltering economy

Hollywood shifts focus to CIA’s best side

Posted: 22 Feb 2013 10:46 AM PST

Films in contention for Oscars have recast once sinister or buffoonish secret agents as American heroes, despite the surge in drone attacks

Pistorius is granted bail

Posted: 22 Feb 2013 09:36 AM PST

Magistrate says it has not been established that the sprinter is a flight risk, adding there is no evidence he will interfere with witnesses

Italy’s poll promises to spring surprise

Posted: 22 Feb 2013 09:56 AM PST

Up to 30% of electorate is undecided in the general election, seen as a four-way race, setting the scene for fraught coalition talks

German president urges UK to stay in EU

Posted: 22 Feb 2013 10:45 AM PST

Gauck appeals to the 'dear people' of the United Kingdom to remain members of the bloc in a speech intended to counter euroscepticism

Ecuador’s president glows from poll win

Posted: 22 Feb 2013 08:59 AM PST

Leftwing Correa, who won a landslide election victory on February 17, makes clear his third term will be his last, so his foes 'can sleep in peace'

Syria rebels blame Hizbollah for clashes

Posted: 22 Feb 2013 08:38 AM PST

The militant group denies sending over fighters, but even its supporters admit that the Shia group has become entangled in Syria's border areas

Jamaica aims to restore market confidence

Posted: 22 Feb 2013 07:47 AM PST

Politicians have been under pressure to improve country's finances, with 55 per cent of budget spending destined for debt repayments
Posted by Anonymous at 1:53 PM 0 comments

Thursday, February 21, 2013

EU chief urges shift away from deficits

EU chief urges shift away from deficits

EU chief urges shift away from deficits

Posted: 21 Feb 2013 10:36 AM PST

Olli Rehn wants eurozone leaders to put less focus on deficit targets and instead move to liberalising economies so deficits shrink with growth

France setback threatens eurozone recovery

Posted: 21 Feb 2013 07:01 AM PST

Business activity in France remains weak, according to purchasing managers' index data, while Germany is more robust, yet lower than expectations

Explosions rock southern Indian city

Posted: 21 Feb 2013 09:59 AM PST

At least 12 people have been killed and scores injured in near-simultaneous blasts in a crowded Hyderabad neighbourhood, say officials

China and economy to lead Abe US talks

Posted: 21 Feb 2013 12:05 AM PST

Japan's PM travels to Washington to meet President Obama with an ambitious agenda that includes the Senkaku Islands dispute and economic policy support

Italy risks voting for more instability

Posted: 21 Feb 2013 10:13 AM PST

Outcome is unpredictable, with public anger against establishment likely to lead to a fragmented parliament, and snowstorms adding to uncertainty

Lead detective dropped from Pistorius case

Posted: 21 Feb 2013 08:54 AM PST

National police commissioner says Hilton Botha will be replaced in athete's case after it emerges the detective is facing charges of attempted murder

Israel grants Golan exploration licence

Posted: 21 Feb 2013 06:27 AM PST

Approval for US group Genie to drill in the occupied Golan Heights is likely to fuel tensions over Israeli settlements ahead of Barack Obama's visit

Damascus car bomb kills dozens

Posted: 21 Feb 2013 07:32 AM PST

State media say a suicide bombing by 'terrorists' battling President Bashar al-Assad has wounded more than 200 in Damascus

Sanctions buffet Iranian airlines

Posted: 21 Feb 2013 12:21 PM PST

With an average age of 22 years and a poor safety record, Iran's airlines are struggling to pay their debts and keep their aircraft airborne

Greek-style crisis fears cloud Cyprus vote

Posted: 21 Feb 2013 09:47 AM PST

As Cypriots choose a new president, worries grow about the tightening crunch and the possibility of an impending economic disaster
Posted by Anonymous at 1:53 PM 0 comments

Wednesday, February 20, 2013

US tyremaker drives over French pride

US tyremaker drives over French pride

US tyremaker drives over French pride

Posted: 20 Feb 2013 10:19 AM PST

Maurice Taylor, the head of Titan, paints France as a country struggling with low productivity and being unable to deal with its strong and 'crazy' unions

Bumi rivals prepare for presidential battle

Posted: 20 Feb 2013 07:26 AM PST

Behind the corporate tussle for control of troubled coal miner Bumi plc lies an even more keenly watched fight – for the presidency of Indonesia itself

Russia’s missing billions revealed

Posted: 20 Feb 2013 10:31 AM PST

Country's central bank governor has lifted the lid on $49bn in illegal capital flight – over half of which, he says, is controlled by a 'well-organised group'

ECB faces US pressure over Iran

Posted: 20 Feb 2013 11:24 AM PST

The legislation aims to close loopholes to earlier financial sanctions imposed on Iran over the past 18 months to slow its nuclear programme

West lacks will to arm Syrian rebels

Posted: 20 Feb 2013 10:50 AM PST

The question is whether the cataclysmic destruction of Syria has changed the calculus of what is prudent and realistic

Rajoy says Spain’s deficit fell below 7%

Posted: 20 Feb 2013 09:56 AM PST

Prime minister insists austerity measures are working despite pain inflicted on Spaniards and claims that the country is gradually emerging from downturn

Vatican reaches out in Latin America

Posted: 20 Feb 2013 07:21 AM PST

Latin America accounts for some 40% of the world's 1.2bn Catholics, yet spiritual the 'market share' is less than it appears, which has forced the Church to act

Bulgaria PM to step down amid protests

Posted: 20 Feb 2013 02:48 AM PST

Pledge by Boyko Borisov to cut electricity prices fails to quell anti-government protests that have already claimed the scalp of the finance minister

Currency crisis hits Egypt’s wheat supply

Posted: 20 Feb 2013 11:12 AM PST

Grain traders shipping wheat to Egypt said Cairo had cut back on its overseas purchases as the Egyptian pound plunged against the US dollar

BP and oil-spill states prepare to fight

Posted: 20 Feb 2013 07:59 AM PST

Trial to assess BP's liability for civil penalties and environmental damages following the 2010 Deepwater Horizon disaster is set to start in New Orleans next week
Posted by Anonymous at 1:53 PM 0 comments
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