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Friday, May 31, 2013

UK to arm rebels if Syrian talks fail

UK to arm rebels if Syrian talks fail

UK to arm rebels if Syrian talks fail

Posted: 31 May 2013 09:39 AM PDT

British officials expect shipments to go ahead this summer if the planned 'Geneva 2' conference this month does not make significant progress

Iran candidates fail to lure voters

Posted: 31 May 2013 08:02 AM PDT

Candidates sound the same notes on issues and have not generated enthusiasm among voters, many of whom believe the election is already rigged

Franco-German challenge to bank plan

Posted: 31 May 2013 09:36 AM PDT

François Hollande and Angela Merkel support more fiscal control for Brussels, but they want more leeway for national authorities on banks

Apple raises prices as Abenomics bites

Posted: 31 May 2013 05:12 AM PDT

Japanese consumers experience Abenomics in action as Apple increases iPad prices by 20% owing to the weakening yen, prompting a rush on the devices

Reality bites for Brics as China slows

Posted: 31 May 2013 12:12 PM PDT

Countries whose industries compete with China could thrive as rising costs make Chinese exports less competitive in other emerging markets

Elysée wine sale given a lively aftertaste

Posted: 31 May 2013 09:19 AM PDT

Unprecedented sale of some 1,200 bottles of fine vintages draws expected international turnout of bidders, and riot police to control protesters

Global literati warming to climate disaster fiction

Posted: 31 May 2013 08:20 AM PDT

Latest catastrophe book theme has a long way to go before it becomes as popular as the bestselling crime, history or romance, say literary agents

Tech money feeds San Francisco homes boom

Posted: 31 May 2013 09:39 AM PDT

The US is enjoying a housing market turnround that is buoying the whole economy, but San Francisco is heating up faster, with prices up 22 per cent

Far right capitalises on Swedish riots

Posted: 31 May 2013 11:40 AM PDT

Questions raised by last week's unrest have refused to go away, with issues such as immigration likely to feature in the run-up to next year's polls

Chinese mothers seek safe baby milk

Posted: 31 May 2013 06:40 AM PDT

The tainted formula crisis has created new products and markets as anxious mothers look for supplies they can trust to feed their children
Posted by Anonymous at 1:08 PM 0 comments

Thursday, May 30, 2013

Assad says Syria to get Russian missiles

Assad says Syria to get Russian missiles

Assad says Syria to get Russian missiles

Posted: 30 May 2013 01:09 PM PDT

Syria's president says in a television interview that Russia is fulfilling its agreement to deliver an S-300 air defence missile system

Canada turns to Kerry allies on Keystone

Posted: 30 May 2013 04:04 AM PDT

Former aides to Obama and Kerry are among lobbyists pushing the contentious Keystone tar sands pipeline from Canada to the Gulf of Mexico

Battle ahead to relax Swiss banking law

Posted: 30 May 2013 10:27 AM PDT

Switzerland's parliament is due to vote on resolving a dispute with the US, but there is so far little indication that the legislation commands a majority

Merkel party figures criticise Hollande

Posted: 30 May 2013 12:51 PM PDT

Merkel's allies criticise Hollande after the French president says it is not for the European Commission to dictate the pace of reform in France

Stockholm moves staff to riot-hit areas

Posted: 30 May 2013 10:05 AM PDT

Many of the moves were planned before the riots, and will cut costs 25 per cent, while it is unclear what effect they will have on local employment

EU agrees to end decades of overfishing

Posted: 30 May 2013 03:10 AM PDT

Deal to end overfishing could see stocks soar by 15m tonnes by 2020 and end practice of discarding millions of tonnes of unwanted fish

Offshore wealth grows despite crackdown

Posted: 30 May 2013 10:28 AM PDT

Robust health of offshore industry is likely to fuel dispute over role of tax havens already under pressure from governments struggling with deficits

EU groups complain of lost China revenues

Posted: 30 May 2013 05:20 AM PDT

European companies operating in China claim regulatory hurdles could be costing them as much as €17.5bn in missed revenues

French unions make deals on labour reform

Posted: 30 May 2013 09:43 AM PDT

Move towards greater flexibility in employment terms for businesses, along the lines of decade-old reforms in Germany, is beginning to bear fruit

Brussels throws ‘grenade’ with benefits case

Posted: 30 May 2013 01:15 PM PDT

European Commission challenges the UK's policy of making non-UK nationals from other EU states take an additional test to qualify for benefits
Posted by Anonymous at 1:21 PM 0 comments

Wednesday, May 29, 2013

Grim view for Iran industries ahead of poll

Grim view for Iran industries ahead of poll

Grim view for Iran industries ahead of poll

Posted: 29 May 2013 12:07 PM PDT

Industries suffer from policies of President Ahmadi-Nejad and sanctions, but presidential candidates in forthcoming poll offer little hope of change

Tehran puts focus on diplomacy with Syria

Posted: 29 May 2013 11:45 AM PDT

Iran's alliance with Syria has allowed it to project power into the Levant, in part by facilitating arms supplies to Lebanese militant group Hizbollah

Swiss outline plan to relax bank secrecy law

Posted: 29 May 2013 11:58 AM PDT

Swiss government proposes landmark law that would make it possible for Swiss banks to reach individual settlements with US authorities

Brussels steps up pressure on Hollande

Posted: 29 May 2013 10:30 AM PDT

European Commission gives list of demands for Paris including public spending cuts, in return for two extra years for France to meet budget targets

Deficit easing exposes rifts in Italy

Posted: 29 May 2013 08:32 AM PDT

Enrico Letta, prime minister, is caught between honouring Italy's fiscal commitments to Brussels while finding the funds needed for tax cuts

IMF says Abenomics not sparking capital inflows

Posted: 29 May 2013 04:23 AM PDT

The International Monetary Fund says there is little evidence Japan's monetary easing is spilling over into excessive liquidity in other countries

Fall of 24% drop in foreclosures against a year ago

Posted: 29 May 2013 10:18 AM PDT

Decline of 24% in foreclosures likely to fuel gains in house prices, aiding a broader recovery

EU economies win budget deficit reprieve

Posted: 29 May 2013 10:12 AM PDT

Brussels slows the pace of austerity but warns the bloc is still unlikely to produce solid economic growth in the near term amid growing danger of social unrest

Brazil growth hit by consumer caution

Posted: 29 May 2013 09:58 AM PDT

GDP rises 0.6%, missing forecasts and raising concerns about government efforts to boost spending amid struggling global recovery
Posted by Anonymous at 1:06 PM 0 comments

Tuesday, May 28, 2013

EU eases hard line on austerity

EU eases hard line on austerity

EU eases hard line on austerity

Posted: 28 May 2013 11:12 AM PDT

France, Spain and the Netherlands to be given a waiver on the annual 3% deficit limit on condition national governments embark on labour market reforms

Russia to send more missiles to Syria

Posted: 28 May 2013 10:07 AM PDT

Ministers in Moscow vow to fulfil a delivery contract for S-300 anti-aircraft missiles a day after the EU agrees to lift its embargo on arming rebels

France seeks overhaul of ‘Robin Hood’ tax

Posted: 28 May 2013 11:34 AM PDT

France seeks overhaul of Europe's planned financial transaction tax to scale back its reach over derivatives while extending it to currency trades

China hackers target Australia spy agency

Posted: 28 May 2013 08:06 AM PDT

An investigation by the Australian Broadcasting Corporation alleges Chinese hackers stole blueprints for the country's new spy headquarters

Krueger to step down as US head economist

Posted: 28 May 2013 11:27 AM PDT

The changeover will make Jason Furman the fourth chair of the CEA in five years after Christina Romer and Austan Goolsbee departed during the first term

EU trade chief feels heat in China solar dispute

Posted: 28 May 2013 10:33 AM PDT

De Gucht faced Beijing rallying majority of EU member states against his proposal to impose provisional duties on Chinese-made solar products

Saudi tensions rise over call to harass women cashiers

Posted: 28 May 2013 08:33 AM PDT

A writer has drawn criticism after urging his Twitter followers to harass women hired to work as cashiers in big grocery stores in Saudi Arabia

EU warns on shift in drugs use

Posted: 28 May 2013 03:39 AM PDT

Report outlines how new drugs are being sold on the street as substitutes for illegal drugs, including amphetamine, ecstasy, heroin and cocaine

Kuroda honeymoon ends as bond prices fall

Posted: 28 May 2013 06:02 AM PDT

Success of Haruhiko Kuroda's growth strategy is in doubt as shockwaves send yields up in a move contrary to BoJ's plan to bring down borrowing costs

Five Star Movement flops in Italy polls

Posted: 28 May 2013 01:43 AM PDT

Beppe Grillo's anti-establishment group fails to repeat its success of February's general elections, as support for the Five Star Movement collapses
Posted by Anonymous at 1:14 PM 0 comments

Monday, May 27, 2013

EU falters over Syria arms embargo

EU falters over Syria arms embargo

EU falters over Syria arms embargo

Posted: 27 May 2013 12:36 PM PDT

Dutch-German plan would have seen governments able, under strict conditions, to supply weapons to groups opposing the Assad regime

Hizbollah’s Syria role seen as alienating

Posted: 27 May 2013 08:49 AM PDT

A far more secure future for the party is to be part of a national Lebanese project, necessitating more agreement, not discord, with Beirut rivals

‘Comfort women’ gaffe wounds Osaka mayor

Posted: 27 May 2013 06:46 AM PDT

Once seen as a potential kingmaker, Toru Hashimoto has been outflanked by prime minister Shinzo Abe on issues of nationalism and Japan's standing

China eyes carbon emissions cap

Posted: 27 May 2013 08:47 AM PDT

Official Jiang Kejun says that Beijing is looking at tough controls on pollution, indicating a shift of position that could help boost UN climate talks

Striking Arabtec workers to leave Dubai

Posted: 27 May 2013 04:39 AM PDT

Departure of over 460 workers, which UAE officials say is voluntary, sparks debate about the legal protections offered to foreign staff in the Gulf

Belfast developer seized in Senegal

Posted: 27 May 2013 11:10 AM PDT

Henry Fitzsimons is accused of trying to invest IRA proceeds along with the Mafia in property projects aimed at unsuspecting British and Spanish investors

AU accuses ICC of ‘chasing’ Africans

Posted: 27 May 2013 09:57 AM PDT

The court has previously dismissed claims of racism, by pointing to the fact that the referrals come from Africans themselves

Israel to fulfil dream for Negev desert

Posted: 27 May 2013 07:25 AM PDT

A $9bn move to the Negev will allow the Israel Defence Force to revitalise its ageing infrastructure and bring jobs and investment to the poorer south

Anger as Dutch pension funds cut payouts

Posted: 27 May 2013 08:27 AM PDT

The loss of income to pensioners has dealt a further blow to a Dutch economy that has already shrunk 1 per cent over the past year

Sharif poll win revives India peace hopes

Posted: 27 May 2013 12:41 AM PDT

Nawaz Sharif says it is now time to normalise relations for the good of both countries, by following up on a peace deal he signed with India in 1999
Posted by Anonymous at 1:02 PM 0 comments

Sunday, May 26, 2013

Syria’s strife sparks fears over Lebanon

Syria’s strife sparks fears over Lebanon

Syria’s strife sparks fears over Lebanon

Posted: 26 May 2013 11:14 AM PDT

Rockets strike Hizbollah's Beirut stronghold while international powers push for peace amid fear of a sectarian backlash in Lebanon

Greek business sees cause for optimism

Posted: 26 May 2013 09:07 AM PDT

Many Greeks working in the private sector are sounding cautiously confident as the Athens business sentiment index hit a 3½ -year high last month

Kerry asks Blair to lead Palestine investment

Posted: 26 May 2013 11:17 AM PDT

Aim is to increase GDP 50 per cent over three years, cut unemployment from 21 per cent to 8 per cent and raise the minimum wage 40 per cent

Petition rebellion aims to oust Morsi

Posted: 26 May 2013 10:42 AM PDT

Campaigners are defying harrassment from the police and skirmishes with Brotherhood supporters with a petition to try to end Mohamed Morsi's rule

India cricket head hits out at allegations

Posted: 26 May 2013 08:55 AM PDT

Srinivasan, chief of governing body, defends his role amid controversy surrounding the annual tournament as the event's final

Rajoy set to reverse abortion law reform

Posted: 26 May 2013 05:46 AM PDT

Analysts said drive to overhaul the abortion regime reflects prime minister's desire to appease the conservative base of his Popular party

China struggles to find wealth fund chief

Posted: 26 May 2013 10:00 AM PDT

Concern for those asked to run $500bn fund is it may have nasty surprises on its books and they are afraid it will prove a poisoned chalice

France manhunt after soldier is stabbed

Posted: 26 May 2013 10:08 AM PDT

French anti-terrorism investigators were searching for a man who stabbed a soldier in the throat in the commercial district of La Défense outside Paris

Maoists kill 28 in Indian convoy attack

Posted: 26 May 2013 02:30 AM PDT

Two Congress party leaders were among those killed in an attack on a convoy in Chhattisgarh, one of the bloodiest in recent times

ECB steps in on ‘Robin Hood tax’

Posted: 26 May 2013 09:46 AM PDT

Central bank's offer to 'engage constructively' in design of levy suggests it has deep reservations about its impact on markets and the economy
Posted by Anonymous at 1:20 PM 0 comments

Saturday, May 25, 2013

French court eases pressure on Lagarde

French court eases pressure on Lagarde

French court eases pressure on Lagarde

Posted: 24 May 2013 02:04 PM PDT

Decision lifts cloud that had gathered over ex-finance minister's position as leader of one of the world's top international institutions
Posted by Anonymous at 1:08 PM 0 comments

Friday, May 24, 2013

Hizbollah’s Syria role fuels sectarianism

Hizbollah’s Syria role fuels sectarianism

Hizbollah’s Syria role fuels sectarianism

Posted: 24 May 2013 08:19 AM PDT

In going to the aid of the Assad regime and warning of extremists within the rebels' ranks, the militant group risks bringing Sunni-Shia violence to Lebanon

Republicans resist end to ‘war on terror’

Posted: 24 May 2013 11:26 AM PDT

Opposition from some leading Republicans in Congress is setting up what is likely to be one of the defining political disputes of his administration

Pakistan seeks $4bn-$5bn Saudi loan

Posted: 24 May 2013 02:04 AM PDT

Sharif looks to to avert a balance of payments crisis and boost electricity supplies while Pakistan agrees a new programme with the IMF

Algeria gets jitters over absent president

Posted: 24 May 2013 08:34 AM PDT

The failure of ailing Abdelaziz Bouteflika to return from Paris has become a crisis and raised fears for the nation's political and economic future

Kuroda promises to stabilise bond market

Posted: 24 May 2013 10:57 AM PDT

BoJ governor vows to curb bond market volatility in an effort to reassure those who fear instability could push up interest rates and damage Japan's Abe project

Swedish police defend response to rioters

Posted: 24 May 2013 08:24 AM PDT

Officers rejected calls for a tougher response to the rioting that has plagued the Swedish capital this week and said the situation was becoming calmer

Belmokhtar claims Niger attacks role

Posted: 24 May 2013 10:03 AM PDT

Statement in militant's name posted on the internet says that his men were involved in the twin suicide strikes that left at least 21 dead

Problems mount for ‘Kirchnerismo’

Posted: 24 May 2013 06:20 AM PDT

Country remains mired in problems following populist nationalism that was started by Néstor Kirchner and deepened by his wife Cristina Fernández

Scandal and crime claims threaten IPL

Posted: 24 May 2013 06:38 AM PDT

Glamorous tournament's future hangs in the balance as an enthusiastic police investigation has placed every element of the tournament under suspicion

Malaysia on edge amid political stand-off

Posted: 24 May 2013 04:58 AM PDT

Several opposition figures detained under the country's colonial-era sedition law less than three weeks after the bitterly contested general election
Posted by Anonymous at 1:19 PM 0 comments

Thursday, May 23, 2013

G8 and G20 focus on tackling avoidance

G8 and G20 focus on tackling avoidance

G8 and G20 focus on tackling avoidance

Posted: 23 May 2013 10:18 AM PDT

OECD is drawing up plans to reform rules on taxing companies across borders but experts are sceptical about governments' willingness to co-operate

Obama rewrites rules for drone strikes

Posted: 23 May 2013 12:11 PM PDT

Fresh regulations come in ahead of US president's speech on legal, moral and political considerations behind use of machines

IRS scandal puts focus on Obama activist group

Posted: 23 May 2013 12:02 PM PDT

Tax exempt groups are playing a larger-than-ever role in US politics in the wake of court decisions that have made them attractive to strategists

Judges grill Lagarde over €400m pay-off

Posted: 23 May 2013 12:46 PM PDT

Judges probe IMF chief's role in 2008 arbitration process that settled a long-running legal dispute involving colourful the multimillionaire

China data add urgency to stimulus calls

Posted: 23 May 2013 02:01 AM PDT

Factory activity shrank for the first time in seven months, raising concerns of sluggish growth and adding to pressure on Beijing to act

Italy’s Democrats fracture over future

Posted: 23 May 2013 07:00 AM PDT

Deep divisions within the centre-left Democrats are undermining Enrico Letta as prime minister and raising questions over the party's future

Stockholm rioters vent fury on police

Posted: 23 May 2013 12:05 PM PDT

Following violence across Stockholm, people in the northern suburb of Husby say tensions in the area have been growing for years

Suicide bombers hit Niger army and mine

Posted: 23 May 2013 06:48 AM PDT

Soldiers killed in gun battle with Islamists following attack in Agadez and at least 14 staff wounded in another strike at Areva's Somaïr site

Indian cricket betting scandal deepens

Posted: 23 May 2013 07:36 AM PDT

A betting scandal in the highly lucrative Indian Premier League is getting closer to the heart of the cricket tournament's senior management

Brussels puts olive oil jugs back on the table

Posted: 23 May 2013 05:22 AM PDT

In what has become a public-relations nightmare for Brussels, a plan to ban olive oil jugs on restaurant tables has been withdrawn
Posted by Anonymous at 1:28 PM 0 comments

Wednesday, May 22, 2013

Ireland pledges to fight tax avoidance

Ireland pledges to fight tax avoidance

Ireland pledges to fight tax avoidance

Posted: 22 May 2013 05:40 AM PDT

Prime minister insists Ireland does not cut special tax deals with foreign companies as he arrives for an EU summit where the issue will top agenda

Apple unlikely to change without tax reform

Posted: 22 May 2013 10:33 AM PDT

The company's defence rests on a simple premise – that its actions stem from an outdated US corporate code – and many Republican senators agree

IMF studies bond restructuring reform

Posted: 22 May 2013 11:42 AM PDT

First high-level attempt to address the issue since efforts to create a sovereign debt mechanism failed a decade ago

Bernanke says bond buying could slow

Posted: 22 May 2013 11:07 AM PDT

The Fed chairman said it might consider taming asset purchases soon if officials became convinced that the economic recovery was on a steady upward path

Brussels to tighten bank bailout rules

Posted: 22 May 2013 09:43 AM PDT

EU proposes more stringent rules on state bailouts by which investors would suffer heavier losses and would be levied before taxpayers

Egyptian security force staff freed

Posted: 22 May 2013 01:01 PM PDT

Mohamed Morsi, Egypt's Islamist president, greeted the men at a military airport in Cairo and vowed to continue a crackdown in the troubled Sinai

Ai Weiwei mocks state in music video

Posted: 22 May 2013 08:45 AM PDT

Ai Weiwei, the Chinese artist, has dedicated to dissidents everywhere a heavy-metal video he has made that satirises the power of state authorities

Eurozone seeks ‘Tobin tax’ incentives

Posted: 22 May 2013 01:15 PM PDT

Officials look to ease collection of the levy, using market infrastructure, and make it more difficult to sidestep the bloc's taxman

Iceland suspends EU accession talks

Posted: 22 May 2013 06:59 AM PDT

Nordic island's new coalition government, under 38-year-old PM Sigmundur David Gunnlaugsson, to focus on easing household debt and boosting growth

Swedish riots stir debate on immigration

Posted: 22 May 2013 10:03 AM PDT

The widespread unrest began in the north-western suburb of Husby, where immigrants represent about 80% of the population and unemployment is high
Posted by Anonymous at 1:26 PM 0 comments
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