Eurozone sets bleak recession record

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• Eurozone sets bleak recession record
• Nigeria declares emergency in three states
• Scientists make human cloning breakthrough
• Greek bond yields fall on Fitch upgrade
• Pay rise of 3.4% for German engineering
• Italy airs pessimistic view on recovery
• China wins Arctic Council observer status
• Taiwan recalls envoy in Philippines
• Indonesia extends logging moratorium

Eurozone sets bleak recession record Posted: 15 May 2013 11:32 AM PDT Data likely to add to pressure on the ECB to take further action after cutting interest rates, and to revise its forecasts predicting a recovery later in the year

Nigeria declares emergency in three states Posted: 15 May 2013 03:40 AM PDT Goodluck Jonathan deploys extra troops to north-eastern areas to tackle increased attacks on security forces by Boko Haram insurgents

Scientists make human cloning breakthrough Posted: 15 May 2013 09:33 AM PDT Human "therapeutic cloning" back on the scientific agenda as US-based team for the first time produce embryonic stem cells from those of adults

Greek bond yields fall on Fitch upgrade Posted: 15 May 2013 11:05 AM PDT Rating agency lifts its assessment, fuelling a rally, and highlights the country's 'clear progress' towards fixing its budget and trade deficits

Pay rise of 3.4% for German engineering Posted: 15 May 2013 12:00 AM PDT Two-phase deal will avert a damaging strike in country's most important manufacturing sector and could be followed by other industries

Italy airs pessimistic view on recovery Posted: 15 May 2013 09:08 AM PDT At best the eurozone's third-largest economy would see a bottoming out of its longest postwar recession in the final quarter of 2013, some say

China wins Arctic Council observer status Posted: 15 May 2013 05:55 AM PDT Five other countries also gain observer status but a decision on the EU was deferred amid Canadian concern over its ban on seal product imports

Taiwan recalls envoy in Philippines Posted: 15 May 2013 06:52 AM PDT Taipei steps up its naval patrols in the South China Sea after rejecting Manila's apology for the fatal shooting of a Taiwanese fisherman

Indonesia extends logging moratorium Posted: 15 May 2013 04:32 AM PDT Environmentalists remain concerned that the main challenge is improving governance in a country where red tape and graft are endemic

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