Two found guilty of ‘terrorist plot’ in Prophet cartoon case

An Oslo court on Monday jailed two men for planning to bomb the Danish newspaper that published cartoons of the Prophet Mohammed, in Norway’s first-ever guilty verdict for plotting terrorism. Norwegian national Mikael Davud, a member of China’s Uighur minority considered the mastermind behind the plot against the Jyllands-Posten daily, was sentenced to seven years behind bars. Shawan Sadek Saeed Bujak, an Iraqi Kurd residing... [more]

EU split deepens over Greece

European leaders faced a damaging split Monday as a German plan to strip Greece of budget sovereignty overshadowed EU plans to focus on a deal on deficits and talk about jobs. The idea, floated by Berlin, to strip the government in Athens of its sovereignty and give the power to make decisions on finances to a special EU commissioner, opened up clear fault-lines both within and outside the eurozone. It could ultimately place in doubt... [more]

Europe bids to turn from crisis to growth

European leaders bid Monday to move away from the debt crisis and focus on much-needed growth as a new battle erupted over putting the eurozone’s Achilles heel, Greece, under EU supervision. European Union heads of state and government hold their first summit of the year from 1400 GMT to finalise a new German-driven pact to toughen budget discipline. They do so amid a general strike in Belgium over deepening austerity in their own... [more]

Merkel backs away from Greek budget control

Chancellor Angela Merkel sought Monday to placate critics of a German proposal to put Greece under the supervision of an EU budget tsar, saying Europe must help Athens enact economic reforms. The debate must be on “how Europe can help Greece accomplish the tasks given to it,” Merkel said on arrival at an EU summit after Greek officials and some European leaders rejected the proposal. “But all of this will only work if Greece... [more]

FTSE led lower by banks, miners as Greece eyed

The FTSE-100 index fell on Monday, with the absence of a bond deal in Greece and fresh concerns about the debt problems of other euro zone nations keeping investors in cautious mood and hitting risky sectors such as banks and miners. London’s top share index <.FTSE> was down 0.8 percent at 5,685.09 points at 0900 GMT, adding to Friday’s losses and retreating further from a six-month closing peak of 5,795.20 set on Thursday. Banks... [more]

The Dutch are getting fatter

Some 60% of men and 44% of women in the Netherlands are overweight, according to research from the public health institute RIVM, published in Monday’s AD. And one in seven of those that are too fat is so heavy that they risk developing serious health problems, the institute says. The research involved 4,000 people aged between 30 and 70. Compared with previous research carried out 15 years ago, women aged 30 to 39 have put on most weight. More... [more]

Khodorkovsky Calls for Dialogue with Putin

Russia’s opposition should hold a dialogue with the Prime Minister Vladimir Putin as the nation needs more political cooperation, rather than the existing vertical power structure, jailed former Yukos head Mikhail Khodorkovsky said in an article in The New Times magazine, published on Monday.   “The country needs a new political philosophy of cooperation instead of the vertical power structure,” Khodorkovsky told The New Times.   Widespread... [more]

Putin calls for economic diversification

Prime Minister Vladimir Putin, who is running for the Russian presidency, on Monday called for the country’s economic diversification away from oil and gas to high-tech products to ensure future prosperity. Five weeks before the presidential election, he is expanding on crucial points of his campaign programs in weekly articles in the Russian press. Putin, who was Russia’s president from 2000 to 2008, could occupy the top... [more]

Strikes cause chaos in Belgium ahead of EU summit

Belgium was in chaos Monday, just hours before an EU summit, with transport and other public services halted by a national strike called by unions in protest at EU-ordered austerity measures. It is the first such general strike in Belgium since 2005 and the first since 1993 launched jointly by the country’s three main unions, which are angry over public spending cuts of more than 12 billion euros ($15 billion) for 2012. Belgian... [more]

RBS Boss Caves In And Waives £1m Bonus

The Royal Bank of Scotland has announced that its chief executive Stephen Hester has decided to waive his £1m bonus. It comes just hours after the Labour Party said it would force a House of Commons vote calling for Mr Hester to be stripped of his shares-only payment . Mr Hester had been facing mounting pressure to follow the bank’s chairman, Sir Philip Hampton , and forego the award. Sky News City editor Mark Kleinman said: “My... [more]

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