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 toll of Japan’s triple disaster came into clearer focus Monday after police estimates showed more than 18,000 people died, the World Bank said rebuilding may cost $235 billion and more cases of radiation-tainted vegetables and tap water turned up. Japanese officials reported progress over the weekend in their battle to gain control over a nuclear complex that began leaking radiation after suffering quake and tsunami damage, though... [more]
In its revised national budget, the Norwegian government has proposed increased funding to Haiti, with a view to support the reconstruction process and to help the country become more robust and stable.(Photo: Minister of International Development Erik Solheim) “We are increasing our support for reconstruction after natural disasters by NOK 50 million. Some of these funds will be allocated to environmental, afforestation, agriculture... [more]
At least 300 dead and more than 8,000 injured. A 7.1-magnitude earthquake hit northwest China’s Qinghai Province early on Wednesday. Following are the latest developments: As of 13:30 pm Wednesday, the 7.1-magnitude earthquake that hit Yushu county in Northwest China’s Qinghai province has left at least 300 dead and more than 8,000 injured, according to China National Radio. [13:45] China’s int’l rescue team on its way... [more]
Government officials pledged billions in reconstruction aid for Haiti at a U.N. donor conference, but leaders and businessmen stressed private investment would be the key to improving the lot of the hemisphere’s poorest nation. On Wednesday, nearly 50 donors pledged $9.9 billion to help Haiti recover from the Jan. 12 earthquake destroyed the government and commercial center of Haiti’s capital, Port-au-Prince. U.N. humanitarian... [more]
International donors pledged nearly 10 billion dollars to help shell-shocked Haiti recover from last January’s devastating earthquake. The 9.9-billion-dollar pledge from some 50 donors includes 5.3 billion dollars for the 2010-2011 period, far in excess of the 3.8 billion that was sought by conference organizers for that period. That target was meant to fund a 4.0-billion-dollar action plan put forward by the Haitian government to... [more]
Secretary of State Hillary Clinton flies toLatin America on Sunday for a trip which includes a stop in quake-ravaged Chile and talks in Brazil over Iran’s nuclear program. Officials said Clinton still planned to visit Chile, where she was due to hold talks on Tuesday with outgoing President Michelle Bachelet andPresident-elect Sebastian Pinera, both grappling with the aftermath of Saturday’s devastating 8.8 magnitude... [more]
Google on Saturday quickly activated an online “person finder” tool to allow relatives and friends to find loved ones following the huge earthquake in Chile. The “Person Finder: Chile Earthquake” from the California-based Internet giant is located at Chilepersonfinder.appspot.com and offers users the choice of using it in English and Spanish. It asks users “What is your situation?” and gives them the choice... [more]
The death toll from last month’s devastating earthquake in Haiti could jump to 300,000 people, including the bodies buried under collapsed buildings in the capital, Haitian President Rene Preval said on Sunday. “You have seen the images you are familiar with the pictures. More than 200,000 bodies were collected on the streets without counting those that are still under the rubble,” Preval told a meeting of Latin American... [more]
Emilio and Gloria Estefan and other celebrities gathered to record a Spanish-language version of “We are the World” on Friday to raise money for Haiti earthquake victims. Emilio Estefan said he was talking with Quincy Jones about the importance of the Spanish market when the idea developed. “You know, Latinos always want to do things in a positive way, to show the world that even we come from different places, we... [more]
A decision on whether to release two Americans charged with kidnapping in Haiti could come within a week, their lawyers said Friday after the judge presiding over the case questioned them. Eight of 10 Americans charged in the case were released on Wednesday and returned to the United States, but Judge Bernard Saint-Vil ordered the other two to remain for further investigation. The remaining two are Laura Silsby, the head of the group of... [more]
