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Friday, January 31, 2014

Cameron’s EU plan starts to fall apart

Cameron’s EU plan starts to fall apart

Cameron’s EU plan starts to fall apart

Posted: 31 Jan 2014 11:20 AM PST

David Cameron's compromise European strategy was dealt a double blow by French president François Hollande and peers in the House of Lords

Salmond digs in on pound and Scottish taxes

Posted: 31 Jan 2014 11:10 AM PST

First minister reiterates threat for Scotland to walk away from UK's £1.2tn national debt should Westminster continue to reject plans to share Bank of England

Trade row undermines US pivot to Asia

Posted: 31 Jan 2014 12:21 PM PST

President Barack Obama's failure to rally Democrats to his trade agenda is undermining US strategy in Asia – countering China's rise

Germany must use military more, says president

Posted: 31 Jan 2014 12:04 PM PST

Clearest sign yet that federal republic's longstanding aversion to the use of its military may be beginning to crack

Keystone XL oil pipe plan clears hurdle

Posted: 31 Jan 2014 12:43 PM PST

Project has become battleground between oil industry and environmental campaigners who argue pipeline would accelerate global warming

Moscow urges Kiev to suppress protests

Posted: 31 Jan 2014 08:43 AM PST

Comments by adviser to Vladimir Putin that Viktor Yanukovich risks losing power unless he cracks down on protests, could provoke backlash

Danes find something rotten in Goldman deal

Posted: 31 Jan 2014 06:42 AM PST

Beyond US bank's reputation, there are five other big issues behind the controversy that are as awkward for the government as they are for Goldman

Republicans revisit immigration debate

Posted: 31 Jan 2014 11:35 AM PST

GOP House leaders to support giving legal status to some of the US's 11m undocumented immigrants in a set of principles for potential legislation

Brussels slams UK nuclear deal with EDF

Posted: 31 Jan 2014 04:57 AM PST

Competition chief has raised fundamental concerns about contract with French utility to build Britain's first new plant in a generation

Sinai jihadist group drives Egypt violence

Posted: 31 Jan 2014 09:14 AM PST

A once obscure jihadi group is at the forefront of the violence in Egypt, alarming experts with its ties to a notorious Syrian militant organisation
Posted by Anonymous at 1:22 PM 0 comments

Thursday, January 30, 2014

US economy shows brisk momentum

US economy shows brisk momentum

US economy shows brisk momentum

Posted: 30 Jan 2014 09:19 AM PST

Fourth-quarter GDP data validates the Federal Reserve's decision to taper its asset purchases, boosting hopes for a strong 2014

Danish coalition on brink in Goldman drama

Posted: 30 Jan 2014 11:53 AM PST

Socialist People's party pulls out of government amid public outcry and controversy over Goldman Sachs' investment in state-owned utility Dong Energy

Ukraine president takes sick leave

Posted: 30 Jan 2014 11:43 AM PST

Ukraine's president withdrew from the political scene citing a respiratory illness as the opposition urged the west to help stabilise the country

Security tightened at ‘fortress Sochi’

Posted: 30 Jan 2014 06:30 AM PST

Russia flies in law enforcement officers from cities as far-flung as Moscow and Tomsk, and creates checkpoints for all Olympic visitors

Syria Kurds start self-rule experiment

Posted: 30 Jan 2014 07:20 AM PST

Semi-autonomous region of Rojava declared, Kurdish name for one of three departments in northwestern corridor wedged between Iraq and Turkey

Bangladesh sentences 14 to death over arms

Posted: 30 Jan 2014 06:19 AM PST

Senior opposition politicians and military officers are condemned for their part in the smuggling of a huge cache of weapons into India

Electrolux triggers union dispute in Italy

Posted: 30 Jan 2014 11:28 AM PST

Electrolux plans to slash wages and cut hours at its Italian plants spark union protests and rekindle the debate over Italy's lack of competitiveness

Conflicting accounts on $400bn F-35 fighter

Posted: 30 Jan 2014 08:39 AM PST

The world's most expensive military project is either a multibillion-dollar flop or the future of air defence, depending on the analyst

For rent: Boyfriend at Chinese new year

Posted: 30 Jan 2014 02:55 AM PST

Lunar new year is the busiest season for businessmen offering their services as fake boyfriends and – even fake husbands – for a price

Scarlett Johansson severs ties with Oxfam

Posted: 30 Jan 2014 03:50 AM PST

Actress came under intense criticism for her deal to advertise SodaStream, which has a factory in an Israeli settlement in the West Bank
Posted by Anonymous at 1:09 PM 0 comments

Wednesday, January 29, 2014

Federal Reserve sticks with $10bn taper

Federal Reserve sticks with $10bn taper

Federal Reserve sticks with $10bn taper

Posted: 29 Jan 2014 01:10 PM PST

Ben Bernanke's final meeting as chairman of the Federal Reserve includes no mention of growing economic turmoil in emerging markets

Carney flags currency risks for Scotland

Posted: 29 Jan 2014 08:38 AM PST

Bank of England governor's remarks suggest that a robust currency union would entail limits to an independent Scotland's fiscal autonomy

UK and France set to produce missile

Posted: 29 Jan 2014 09:43 AM PST

The agreement will be signed at the Anglo-French defence summit at RAF Brize Norton by David Cameron and his French counterpart, François Hollande

Sell-off in EM currencies continues

Posted: 29 Jan 2014 11:55 AM PST

Emerging market currencies shrug off attempts by central banks to shore them up and weakened across the board

Moscow puts Ukraine bailout on hold

Posted: 29 Jan 2014 01:14 PM PST

Russian president Vladimir Putin warned that Moscow would wait until Ukraine formed a new government before it fully implemented a $15bn bailout

Merkel warns on benefit migration

Posted: 29 Jan 2014 05:15 AM PST

German chancellor's defence of the principle of free movement sets her at odds with the UK, which has floated the idea of capping EU migration

China tops world in red wine consumption

Posted: 29 Jan 2014 11:42 AM PST

China has become the world's biggest market for red wine consumption, overtaking France and Italy where the quantity imbibed has been falling

Greek taxpayers ‘exhausted’, report warns

Posted: 29 Jan 2014 11:26 AM PST

Greece's parliamentary budget office has warned the country's taxpayers are exhausted after four straight years of tax increases

Saudi women defy tradition to enter work

Posted: 29 Jan 2014 05:54 AM PST

Despite opposition from traditionalists, Saudi women are entering non-traditional jobs as the government attempts to boost private sector employment

Egypt reveals charges for Al Jazeera journalists

Posted: 29 Jan 2014 10:23 AM PST

Local and foreign journalists to be charged with offences related to aiding the outlawed Muslim Brotherhood group of ousted president Mohamed Morsi
Posted by Anonymous at 1:46 PM 0 comments

Tuesday, January 28, 2014

Obama to raise pay for federal contractors

Obama to raise pay for federal contractors

Obama to raise pay for federal contractors

Posted: 28 Jan 2014 11:07 AM PST

US president will announce in his State of the Union address that the minimum wage for federal contractors will be raised to $10.10 an hour

Nationalism replaces revolution in Egypt

Posted: 28 Jan 2014 09:57 AM PST

A public mood described as an episode of mass psychosis is based on constant reinforcement of nationalist, pro-military messages post-Morsi

Mladic will not testify at Karadzic trial

Posted: 28 Jan 2014 06:33 AM PST

Former Bosnian Serb leader called ex-army chief to deny knowledge of atrocities in Bosnian war of 1992-1995, but Mladic said it could damage his case

Actress goes viral in anti-settler drive

Posted: 28 Jan 2014 09:19 AM PST

Campaigners have seized on Scarlett Johansson's ad for SodaStream to advance their cause against Israeli companies based in the occupied West Bank

Strasbourg victory for Irish abuse victim

Posted: 28 Jan 2014 09:29 AM PST

Louise O'Keeffe was nine years old when she was abused at school and the European Court of Human Rights has ruled that the Irish state is liable

India raises rates to combat inflation

Posted: 28 Jan 2014 08:01 AM PST

Raghuram Rajan, central bank governor, increases rates for the third time in six months as emerging markets come under pressure from investors

Ramphele to run for South Africa president

Posted: 28 Jan 2014 02:37 AM PST

Merger of the main opposition party, the Democratic Alliance, and the smaller Agang party marks a significant strengthening of the opposition to the ANC

Erdogan defiant amid likely rate rise

Posted: 28 Jan 2014 08:43 AM PST

Prime minister accuses unnamed foes of seeking to sabotage Turkey's economy in the face of expectations the central bank will raise interest rates

Japan tells schools to teach island claim

Posted: 28 Jan 2014 09:23 AM PST

New guidelines for schools require three groups of disputed islands to be described in lessons as integral parts of Japan's territory
Posted by Anonymous at 1:45 PM 0 comments

Monday, January 27, 2014

Pressure mounts on EM nations to lift rates

Pressure mounts on EM nations to lift rates

Pressure mounts on EM nations to lift rates

Posted: 27 Jan 2014 01:04 PM PST

Brazil's central bank governor Alexandre Tombini is confident that tightening is the correct policy and other countries will have to follow suit

UK opposes Draghi role at watchdog

Posted: 27 Jan 2014 12:08 PM PST

Britain is worried that its ability to influence EU regulation will be diminished as the 18 euro member states fuse together in a banking union

Brussels wants finance rules back in US trade pact

Posted: 27 Jan 2014 12:13 PM PST

Financial regulation becomes a potential stumbling block as the EU's position hardens in TIPP talks

Market forces reluctant Erdogan to alter course

Posted: 27 Jan 2014 11:55 AM PST

Economists now expect Turkey's interest rates to rise as inflation grows and the lira plunges

Trade advocates look to Obama’s speech

Posted: 27 Jan 2014 11:03 AM PST

Progress on US trade deals could hinge on President Barack Obama's full-throated endorsement of liberalisation in the State of the Union speech

Japan records worst trade deficit

Posted: 27 Jan 2014 08:46 AM PST

Imports of fossil fuels and tepid demand in export markets have driven trade balance deep into deficit, sparking debate over effects of Abenomics

Warning against London skyscraper plans

Posted: 27 Jan 2014 10:40 AM PST

More than 200 towers of at least 20 storeys are proposed, of which three-quarters are residential, prompting conservationists to call for tighter rules

Ukraine protesters leave justice ministry

Posted: 27 Jan 2014 08:33 AM PST

Country's justice minister had threatened to introduce measures if anti-government protesters who occupied her ministry on Sunday did not leave

Tunisian assembly passes new constitution

Posted: 27 Jan 2014 02:16 AM PST

Constitution recognises Tunisia's Arab and Islamic identity, but makes no mention of sharia law and curtails none of the rights won by women

Cameron admits Labour tax plan ‘convenient’

Posted: 27 Jan 2014 08:40 AM PST

Survation poll for Mail on Sunday highlights its popular appeal. It finds 60 per cent of voters agree with Labour's plan and only 17 per cent disagree
Posted by Anonymous at 1:48 PM 0 comments

Sunday, January 26, 2014

Ukraine protest in Yanukovich heartland

Ukraine protest in Yanukovich heartland

Ukraine protest in Yanukovich heartland

Posted: 26 Jan 2014 10:47 AM PST

Demonstrations for first time in several cities in Russian-speaking eastern and southern regions after opposition rebuffs surprise compromise offer

ECB poised for battle to ward off deflation

Posted: 26 Jan 2014 12:10 PM PST

Mario Draghi signals he is prepared for the European Central Bank to buy purchases of bank loans to households and companies

Italy launches big privatisation push

Posted: 26 Jan 2014 10:03 AM PST

Details of the privatisation were outlined on Friday, with Mr Letta saying proceeds would allow Italy to reduce its crippling public debt of over €2tn

Russia dashes to have Sochi ready on time

Posted: 26 Jan 2014 09:24 AM PST

With 12 days to go until the opening ceremony, Russia is rushing to put the fishing touches on what is arguably its biggest project since the Soviet era

Fed hopes for smooth handover to Yellen

Posted: 26 Jan 2014 06:34 AM PST

Bernamke hopes tapering plan will ensure a smooth handover to Janet Yellen, but the FOMC will also start to ponder the challenges ahead

Knights Templar on quest for drugs efficiency

Posted: 26 Jan 2014 07:52 AM PST

The government's main security fear in the western state of Michoacán operates like a corporation, with its own code of conduct – and death penalty

Hollande seeks to end private life uproar

Posted: 26 Jan 2014 10:48 AM PST

French president announces separation from 'first lady' but it remains open whether that will allow him to swing attention back to affairs of state

Philippines edges closer to Muslim peace deal

Posted: 26 Jan 2014 04:38 AM PST

Latest stage of peace plan would see decommissioning of rebel weapons in return for a commitment to a self-governing region for the Muslim minority in Mindanao

RBI’s reform a hard sell to New Delhi

Posted: 26 Jan 2014 05:06 AM PST

Raghuram Rajan faces challenge of persuading Delhi's establishment to agree to moves that would bring profound change at the central bank

Divided EU struggles to confront Moscow

Posted: 26 Jan 2014 05:30 AM PST

Russia publishes critical report on human rights in the EU, safe in the knowledge the bloc is unlikely to find a consensus on how to treat Moscow
Posted by Anonymous at 1:04 PM 0 comments

Saturday, January 25, 2014

Moody’s holds French debt rating

Moody’s holds French debt rating

Moody’s holds French debt rating

Posted: 24 Jan 2014 03:17 PM PST

There had been some concern in Paris the rating agency would impose a further downgrade, as its rival S&P did in November
Posted by Anonymous at 1:04 PM 0 comments

Friday, January 24, 2014

Brazil goes on corporate charm offensive

Brazil goes on corporate charm offensive

Brazil goes on corporate charm offensive

Posted: 24 Jan 2014 12:17 PM PST

The Davos charm offensive launched by Ms Rousseff and her economic team follows three years of increasingly fraught relations with the private sector

Argentina effect hits emerging currencies

Posted: 24 Jan 2014 11:32 AM PST

Currencies of Turkey, Brazil, South Africa, India and Russia all tumble while Argentina acts to shore up confidence by relaxing capital controls

Ukraine unrest spreads beyond Kiev

Posted: 24 Jan 2014 12:51 PM PST

Demonstrators seize local government buildings in west Ukrainian cities as Kiev braces for arrival of surge of protesters over weekend

China rejects Abe’s 1914 comparison

Posted: 24 Jan 2014 11:32 AM PST

Wang Yi acknowledges Sino-Japanese relationship is 'very bad' but describes Tokyo PM's comments as 'total disorder of time and space'

Tech revolution divides Davos delegates

Posted: 24 Jan 2014 09:42 AM PST

Former US Treasury secretary highlights the need for Roosevelts and Bismarcks who could help ease the transition through the tech revolution

Gay writer brings hope amid Africa clampdown

Posted: 24 Jan 2014 10:34 AM PST

After coming out Binyavanga Wainaina talks about on living in a continent that largely frowns on homosexuality

Low hopes for Obama’s year of action

Posted: 24 Jan 2014 09:39 AM PST

President Barack Obama delivers his State of the Union address next week with his popularity at the lows of his predecessor, George W Bush

Fans across France salute Dieudonné

Posted: 24 Jan 2014 09:50 AM PST

Dieudonné's "up yours!" irreverence towards le système has struck a chord with people caught up in what Le Monde dubbed France's "collective depression"

US softens tone on any Snowden deal

Posted: 24 Jan 2014 09:51 AM PST

Whistleblower remains a deeply divisive figure in American politics, complicating any efforts to secure some form of agreement with the government

Syria peace talks to continue

Posted: 24 Jan 2014 04:25 AM PST

Opposition and government delegates to meet in the same room to discuss procedural issues after negotiations almost collapsed on the first day
Posted by Anonymous at 1:04 PM 0 comments

Thursday, January 23, 2014

Democrats swing in behind Clinton

Democrats swing in behind Clinton

Democrats swing in behind Clinton

Posted: 23 Jan 2014 11:01 AM PST

Move by the largest Democratic-aligned campaign group adds to the momentum behind former New York senator's likely bid for presidency

Yanukovich dangles concessions

Posted: 23 Jan 2014 01:11 PM PST

Barroso warns that the EU may take action unless the government halts a violent crackdown on demonstrations in Kiev

Scepticism surrounds South Sudan ceasefire

Posted: 23 Jan 2014 11:02 AM PST

South Sudan deal concluded after weeks of talks, but it is unclear whether it will bring an end to the fighting in the world's newest country

Germans sound alert for small investors

Posted: 23 Jan 2014 10:41 AM PST

Calls have been made for greater protection for consumers after a wind farm company collapsed, leaving thousands facing total losses exceeding €1bn

Watchdog deems NSA data collection illegal

Posted: 23 Jan 2014 11:28 AM PST

The NSA programme of bulk data collection defended by President Barack Obama has been condemned as illegal by a federal privacy watchdog

Rouhani outlines growth plan for Iran

Posted: 23 Jan 2014 05:16 AM PST

President Rouhani calls for greater engagement with the rest of the world as he outlined a vision to remove impediments to Iran's growth

Khodorkovsky associate to be freed

Posted: 23 Jan 2014 02:29 AM PST

Russia's Supreme Court ruled to reduce Platon Lebedev's sentence to the time he has already served, a move urged by human rights advocates

Al-Qaeda call for Islamist unity in Syria

Posted: 23 Jan 2014 06:18 AM PST

Ayman al-Zawahiri's statement is further sign of global terror group's attempts to assert moral authority over the country's bitter civil war

Australia accuses Snowden of ‘treachery’

Posted: 22 Jan 2014 09:28 PM PST

Australia's foreign minister accuses US whistleblower of 'unprecedented treachery' as a rift with Indonesia deepens amid spying allegations

China races to prevent trust loan default

Posted: 23 Jan 2014 12:09 AM PST

Shanxi government may help fund bailout of a soured $500m trust as authorities try to avert default, in a test case for China's shadow banking sector
Posted by Anonymous at 1:27 PM 0 comments

Wednesday, January 22, 2014

Protesters pour into Kiev

Protesters pour into Kiev

Protesters pour into Kiev

Posted: 22 Jan 2014 10:43 AM PST

EU and US harden stance against Kiev authorities as protests boil over with up to five deaths reported and more protesters said to be arriving

Cauldron of protest forges new warriors

Posted: 22 Jan 2014 11:21 AM PST

A young electrician turned warrior on the streets of Kiev exemplifies the sudden shift towards violence sparked by the passing of repressive laws last week

Disagreement over future role for Assad

Posted: 22 Jan 2014 10:49 AM PST

US tries to find common ground with Russia at Syria peace conference

Microsoft to shield foreign users’ data

Posted: 22 Jan 2014 11:59 AM PST

Company breaks ranks with other tech groups, offering the option in wake of US spying

Montebourg blasts EU on industry state aid

Posted: 22 Jan 2014 11:43 AM PST

Arnaud Montebourg aims fire saying strict application of controls on state subsidies is preventing Europe from meeting global competition

Wealthy Chinese look to British education

Posted: 22 Jan 2014 11:17 AM PST

Britain has emerged as the most popular international location for pre-university education among wealthy Chinese families, research shows.

Argentina restricts internet shopping

Posted: 22 Jan 2014 10:22 AM PST

Argentines buying goods via websites such as Amazon.com must sign a declaration and produce it at a customs office where the packages are collected

Chinese hotels look to shed stars

Posted: 22 Jan 2014 07:53 AM PST

Five-star hotels choose to drop to four-star status as the government battles with bling and seeks to curtail conspicuous spending

The rally against the Valley

Posted: 22 Jan 2014 02:58 AM PST

Months of tension between Silicon Valley companies and residents and protesters in San Francisco culminate in a showdown at the city hall

EU sets out new climate change goals

Posted: 22 Jan 2014 11:06 AM PST

The new targets have drawn immediate scorn from green groups who said the European Commission is lowering its environmental ambitions
Posted by Anonymous at 1:42 PM 0 comments
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