Comments from Sarkozy G20 news conference

Following are comments by French President Nicolas Sarkozy at a news conference to lay out his plans for France’s G20 presidency: RISK OF FOOD RIOTS “If we don’t do anything (about rising food prices) we run the risk of food riots in the poorest countries and a very unfavourable effect on global economic growth.” “The day there are food riots, what country at the G20 table will say this does not concern them?... [more]

Watchdog slams UN, EU’s human rights ‘cowardice’

The UN and EU stand accused of “cowardice” for claiming to tackle human rights abuses in places like China through soft diplomacy, Human Rights Watch said in its annual report Monday. Highlighting its claim, the report on global human rights violations was issued in Brussels the same day the European Union hosted controversial Uzbek President Islam Karimov amid protests. The New York-based NGO’s executive director Kenneth... [more]

Moscow airport suicide attack – over 30 dead

A twin suicide attack on Moscow’s Domodedovo international airport killed more than 30 people and injured scores on Monday, officials said. Eyewitnesses said two terrorists blew themselves up as passengers emerged from the international arrivals zone at 4:40 p.m. (13:40 GMT). The Health Ministry said 31 people died and dozens were injured in the attack, the second terrorist assault on the Russian capital in less than 12 months. Law enforcement... [more]

Brady: Comments made my blood boil

Karren Brady has said that comments made by two Sky Sports presenters about female Premier League official Sian Massey made her “blood boil”. The star of The Apprentice – who is vice chairman of West Ham football club – hit back after Andy Gray and Richard Keys agreed female officials “don’t know the offside rule”. The pair – who have been dropped from tonight’s line-up – were... [more]

Berlin agrees new rules for ailing property funds

Germany’s ruling coalition has agreed new regulations for open-ended real estate funds, which have suffered from volatile investor behaviour, financial experts involved in talks told Reuters on Monday. From 2013, the cancellation period for investors will be 12 months and new investors will be subjected to a holding period of a minimum of two years, the sources said. Up to now, there had been no regulation on holding and cancellation... [more]

New airline IAG worth £6.1 billion on market debut

International Airlines Group, formed via the merger of British Airways and Iberia of Spain, made its stock market debut on Monday at a valuation of £6.1 billion. IAG’s shares traded at 285.1 pence shortly after the start of trading on London’s FTSE 100 index. IAG was up slightly compared with BA’s final price of 282.5 pence. The giant merger had completed on Friday, creating Europe’s second biggest airline by... [more]

Hawn overjoyed about Hudson pregnancy

Goldie Hawn has confirmed speculation her daughter Kate Hudson is expecting a baby with her rocker boyfriend Matt Bellamy, revealing the family is “very happy” about the pregnancy news. Reports emerged earlier this month that the actress and her boyfriend, who she has been dating since last summer, are expecting their first baby together. The pair has refused to comment on the rumours, but an overjoyed Hawn has revealed the... [more]

OPEC could increase production in 2011: Saudi Arabia

OPEC members could increase their production to meet 2011 demand which could rise by two percent, while oil prices are expected to maintain last year’s levels, Saudi’s oil minister said on Monday. As non-OPEC oil producers are expected to increase their production, OPEC countries too will have the opportunity “to boost their supplies to the global market to meet the rising global demand,” said Petroleum and Mineral... [more]

Legal net tightens around former Haitian dictator

Legal threats loomed over Haiti’s ex-dictator Jean-Claude “Baby Doc” Duvalier Monday after the current president said he must face justice for crimes during his 1971-1986 reign. President Rene Preval, in comments during a visit to the neighboring Dominican Republic, said “everyone is responsible before justice for their crimes” under Haiti’s constitution. “The government has done all it can do and... [more]

Banks drag FTSE down on capital fears and Europe woes

The top share index eased in Monday morning trade as weaker banks, hit by worries over further capital constraints and stability in the euro zone, more than offset gains in defensives. By 9:12 a.m., the FTSE 100 index was down 6.01 points, or 0.1 percent, at 5,890.24, having risen 0.5 percent on Friday. Banks were the biggest fallers on fears they could face greater balance sheet strains under proposals from a government-backed commission... [more]

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