Eurozone finance ministers were to confer by telephone on Saturday after 12 hours of talks in Athens failed to produce a breakthrough on a deal to bail out Greece, the Greek finance minister said. Evangelos Venizelos added that a planned meeting by eurozone ministers on Greece originally scheduled for Monday would now be held on Wednesday. "I will participate in a Eurogroup telephone conference at 1230 GMT" to discuss details of a rescue deal for Greece worth 130 billion euros ($171 billion) which officials have been trying to seal since October, the minister said in a statement. "Critical issues pertaining to the country's ...
Australia's flood crisis deepened Saturday as authorities braced for waters to peak in Queensland where one woman is missing after being swept away while elsewhere thousands remain stranded by the surge. Prime Minister Julia Gillard said eight military helicopters would help in search, evacuation and resupply missions in the eastern state, where days of heavy rainfall have prompted hundreds of evacuations and dozens of rescues. "The helicopters will be available to assist in rescue operations as required until the immediate crisis has passed," Gillard said in a statement. In the inland Queensland town of Charleville authorities are on alert amid fears a temporary ...
Tens of thousands people are braving the bitter cold at two major rallies in downtown Moscow on Saturday as a power play between champions of political liberalization and supporters of Prime Minister Vladimir Putin continues to unfold. The first demonstration demands fair elections at the March 4 presidential polls, at which Putin is expected to secure a third term in the Kremlin. It also calls on Russians “not to give a single vote” to Putin. The opposition rally is widely seen by analysts as a litmus test of protesters’ ability to maintain momentum after two earlier protests against alleged vote fraud in favor of ...
German Chancellor Angela Merkel on Saturday wrapped up a visit to China where she tried to reassure her hosts on the strength of the euro and Europe's ability to overcome its debt crisis. During her three-day trip to the world's second largest economy, Merkel praised the advantages of the single currency and urged China to put pressure on Iran and to condemn Syria at the United Nations. Merkel, who was prevented from meeting journalists and a human rights lawyers, ended her official visit in the southern city of Guangzhou, Xinhua news agency reported. Merkel, who held talks with Premier Wen Jiabao and President ...
Norway’s government has said it wants non-European immigrants to carry residency cards equipped with data chips bearing their fingerprints. In a proposal presented on Friday, the justice ministry said the new identity cards would help tackle illegal immigration. “The residency card system will increase security surrounding residency permit documentation, thereby contributing to the prevention of illegal immigration and illegal residency,” said Justice Minister Grete Faremo (Labour Party) in a statement. The move follows pressure from the European Union to ensure that immigrants from outside the European Economic Area, of which Norway is a member, are provided with residency cards that include fingerprint details. Faremo ...
Greece expects its 2011 budget deficit will be smaller than expected at between 9.1 and 9.4 percent of GDP, thanks to an emergency property tax, a finance ministry official said on Friday, a development that could help Athens in its bailout talks with the EU and IMF. Greece, which is racing to complete talks with the EU and the IMF on a second bailout worth 130 billion euros, had previously estimated that the deficit would be above 9.5 percent of GDP. "The numbers aren't final yet but we believe the deficit will come in at between 9.1 and 9.4 percent (of GDP)," ...
China has rejected Japanese protests over alleged improper exploration of gas deposits in the East China Sea. The Foreign Ministry said Friday the recent activity had taken place within Chinese-controlled waters and was completely normal. A ministry statement said China was strongly dissatisfied with recent comments from Japanese officials. Japan's chief Cabinet secretary on Wednesday said Japan protested to China after a flare was seen a day earlier at a Chinese structure at an undersea gas deposit. The deposit, known as Kashi in Japan and Tianwaitian in China, sits near a median line in the countries' overlapping exclusive economic zones. Japan and China agreed ...
The leader of Russia's Islamist rebels ordered a halt to attacks on civilians, saying mass opposition protests showed the public no longer supported Vladimir Putin, according to a video posted Friday. Doku Umarov, whose Caucasus Emirate group claimed atrocities including a deadly Moscow airport bombing in 2011 and a metro attack in 2010, said from now only security objects and officials would be targeted. "I order all special groups that are carrying out or plan to carry out special operations in Russia to put a halt to these operations that could hurt the peaceful population," Doku Umarov said in a video address ...
China's Premier Wen Jiabao said Friday the Asian giant had neither the ability nor the intention to "buy Europe", amid concerns over growing Chinese investment in debt-stricken eurozone economies. China is "willing to cooperate with Europe to fight the current crisis. Some people say this means China wants to buy Europe", Wen told a German-China business forum in the southern city of Guangzhou. "This a concern and doesn't fit reality. China doesn't have this intention and doesn't have this ability." German Chancellor Angela Merkel, in China for a three-day visit to boost her host's confidence in Europe, also attended the forum along with ...
Energy Secretary Chris Huhne is to resign from the Government after it emerged he is to face prosecution over allegations that he asked his ex-wife to take a speeding penalty for him. The Liberal Democrat MP has been charged with perverting the course of justice after an investigation into the 2003 incident by Essex Police. His former wife, the economist Vicky Pryce is also facing charges of perverting the course of justice. They are due to appear before Westminster Magistrates' Court on February 16. The maximum sentence for perverting the course of justice is life in prison, the CPS and the Sentencing ...
Europeans are making progress to overcome the euro zone crisis but need to do more to boost their financial firewall, International Monetary Fund Managing Director Christine Lagarde said on Saturday, adding that the IMF is also ready to help. “There is work under way. There is progress as we see it,” Lagarde told a panel discussion at the World Economic Forum. “But it is critical that the euro zone members actually... [more]
Passengers were stranded at Spanish airports Saturday after airline Spanair abruptly went bust, cancelling all its flights at short notice. “Faced with the lack of financial visibility for the coming months, the company has decided to cease its operations as a measure of caution and safety,” Spanair said in a statement on Friday evening. Its last scheduled flight landed on Friday night, leaving rivals such as Iberia, Vueling... [more]
Leading in opinion polls three months ahead of France’s presidential election, Socialist candidate François Hollande unveiled a manifesto on Thursday focused on new spending and scrapping tax breaks. Vowing to reverse the legacy of right-wing President Nicolas Sarkozy, Hollande promised €20 billion ($26 billion) in new spending by 2017, the creation of 60,000 new teaching jobs and 150,000 new jobs for young workers. He promised... [more]
President Christian Wulff can be called a liar, a state prosecutor has ruled, dismissing complaints about a Green politician doing so. Wulff’s backing among the public is dwindling despite support from Chancellor Angela Merkel. Lower Saxony public prosecutor Irene Silinger ruled on Friday that calling Wulff a liar could not be considered defamatory, but should be regarded as part of the debate over his involvement in what has become known... [more]
First Grand Slam final for Victoria Azarenka by defeating Maria Sharapova in the final in straight sets 6-3 & 6 -0. Victoria Azarenka is too good for Maria Sharapova. She created the shots which leads Maria Sharapova make lot of unforced errors. However, Maria Sharapova’s body languages seems down in this final encounter in Australian Open. In the lead-up to her first Grand Slam final, Victoria Azarenka has been hard at work... [more]
Sharapova plays Ekaterina Makarova, a 23-year-old Russian ranked No.56, who was good enough to bundle out an erratic Serena Williams in straight sets on Monday. Sharapova advanced to the semifinals of AO2012 with a 6-2, 6-3 win. No.2 seed Petra Kvitova has advanced to the semifinals of AO2012 with a 6-4, 6-4 win over Italy’s Sara Errani at Rod Laver Arena on Wednesday. Despite making numerous unforced errors Kvitova took the first... [more]
Japan is asking the UN’s nuclear agency to set up a permanent office in Fukushima to monitor its efforts to contain the world’s worst nuclear accident since Chernobyl, according to officials. The news came as an International Atomic Energy Agency (IAEA) team of experts began examining Japan’s safety checks on idled nuclear reactors. Tokyo wants an international seal of approval for the energy-hungry country’s nuclear... [more]
Delicate work to restore a Leonardo Da Vinci masterpiece, to be unveiled in March, has turned into a headache for the Louvre, after experts accused the Paris museum of putting the precious oil work at risk. Da Vinci began painting “The Virgin and Child with Saint Anne” in 1503 and when he died in France in 1519 the unfinished work, depicting Christ beside his mother and grandmother with a sacrificial lamb, was acquired by King... [more]
German supermodel Heidi Klum has separated from British singer Seal after seven years of marriage, the couple confirmed Sunday. “While we have enjoyed seven very loving, loyal and happy years of marriage, after much soul-searching we have decided to separate,” the couple told US celebrity gossip magazine People. “We have had the deepest respect for one another throughout our relationship and continue to love each other... [more]
Maria Sharapova showed tremendous grit to beat Sabine Lisicki in three sets and move one step closer to winning the Australian Open. She came back from a set down to beat Lisicki 3-6, 6-2, 6-3 in just more than 2 hrs. In 35 minutes Lisicki won the first set 6-3 after being down 0-3. Lisicki found her length and power to break Sharapova five times to win the set in enthralling fashion. Sharapova had no answers to the Lisicki strokes as... [more]
