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 ...
The Dalai Lama has called for a thorough probe into the discovery of almost a million dollars in foreign currency at the monastery of one of Tibet’s most senior religious leaders. Police in northern India, where the Tibetan community in exile is based, have quizzed the Karmapa and arrested several aides over the cash which is mostly in US dollars but also in Chinese yuan and two dozen other currencies. The Karmapa heads one of the... [more]
China price regulators are seeking to fine French retail giant Carrefour 2.5 million yuan ($380,000) — the maximum fine for overcharging customers, state media reported Sunday. Municipal regulators fined three Carrefour stores in Shanghai and two in southwest China’s Yunnan province 500,000 yuan each on Saturday, the official Xinhua news agency reported. However, the final fine will be decided only after a hearing where regulators... [more]
Authorities in southern China’s Guangdong province have denied planning to unite nine towns to create the world’s biggest city in the Pearl River delta, according to state media. “The reports were totally false. There is no such plan,” Guo Yuewen, spokesman for the Communist party’s provincial committee, was quoted as saying by the official China Daily on Saturday. Media had reported on a project to unite nine... [more]
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]
China has mandated that all schoolchildren undergo lessons on etiquette — the latest expression of concern over uncultured manners in one of the world’s oldest civilisations. Teachers will be required to instruct primary school students in the intricacies of basic decorum, respecting elders and proper table manners, according to guidelines posted on the education ministry’s website. Middle-schoolers meanwhile will learn... [more]
China says its president’s recently concluded state visit to the United States was “fruitful” but the two countries need to work on trust so that sensitive issues do not create misgivings. Foreign Minister Yang Jiechi said in comments published in Sunday’s People’s Daily newspaper that the visit by President Hu Jintao came at a time when the world is undergoing “profound and complicated changes.” Yang... [more]
President Obama and Chinese President Hu Jintao have agreed to a ‘dialogue’ on human rights, following a day of high-profile meetings. The US president told a news conference at the White House that the US will continue to push for freedom of speech, assembly and religion for the Chinese people. President Hu also called for greater cooperation between the Chinese and US militaries in order to build trust. President Hu’s... [more]
U.S. President Barack Obama pressed Chinese President Hu Jintao on Wednesday to let the value of China’s currency rise and sought cooperation in dealing with nuclear standoffs with North Korea and Iran Obama, speaking at a news conference with Hu, touted the mutual benefits of the U.S.-China partnership after the two countries unveiled $45 billion (28 billion pounds) in export deals that seemed to be aimed at papering over deep rifts... [more]
Chinese President Hu Jintao on Tuesday flew to the United States for a state visit buffeted before he even lands by senior U.S. senators demanding tough action against China for “manipulating” its currency. Hu said earlier this week he would not accept U.S. arguments the yuan was undervalued. The latest sparring over the currency underlines tensions over trade that will likely dominate Wednesday’s summit in Washington between... [more]
U.S. senators pressed Congress to get tough with China over “manipulating” its currency in a riposte to Chinese President Hu Jintao, who said this week he would not accept U.S. arguments the yuan was undervalued. The latest sparring over the yuan underlines tensions over trade before Hu arrives in Washington on Tuesday for talks expected to focus on a host of thorny issues, from rebalancing the global economy to dealing with... [more]
