Tuesday, November 27, 2012

Euro zone, IMF secure deal on cutting Greek debt

Euro zone, IMF secure deal on cutting Greek debt


Euro zone, IMF secure deal on cutting Greek debt

Posted: 27 Nov 2012 12:24 AM PST

A Greek flag flutters in front of the moon in AthensBRUSSELS (Reuters) - Euro zone finance ministers and the International Monetary Fund clinched agreement on reducing Greece's debt on Monday in a breakthrough to release urgently needed loans to keep the near-bankrupt economy afloat. After 12 hours of talks at their third meeting in as many weeks, Greece's international lenders agreed on a package of measures to reduce Greek debt by 40 billion euros, cutting it to 124 percent of gross domestic product by 2020. ...


Mursi opponents rally in Cairo's Tahrir

Posted: 27 Nov 2012 01:18 AM PST

Mourners react during the funeral of 15-year-old Islam Massoud in the Egyptian town of DamanhourCAIRO (Reuters) - Opponents of President Mohamed Mursi rallied in Cairo's Tahrir Square for a fifth day on Tuesday, stepping up calls to scrap a decree they say threatens Egypt with a new era of autocracy. The protest called by leftist, liberal and socialist groups marks an escalation of the worst crisis since the Muslim Brotherhood politician was elected in June and exposes the deep divide between newly empowered Islamists and their opponents. The crowd is expected to grow in the late afternoon but hundreds were already in the square after many camped overnight. ...


China defense chief says military buildup no threat to the world

Posted: 26 Nov 2012 11:53 PM PST

United States Secretary of the Navy Mabus talks with China's Defense Minister Liang during a meeting in BeijingBEIJING (Reuters) - China's military buildup poses no threat to the world, Defense Minister Liang Guanglie said on Tuesday, in an effort to allay fears among Asian neighbors amid long-running maritime disputes. The United States, Japan and many other Southeast Asian states have frequently expressed worries about China's double-digit defense spending increases and expanding naval reach, saying Beijing's plans lack transparency. "There is absolutely no need for that," Liang told Reuters, when asked about neighbors' concerns. ...


Satellite photo shows increased activity at North Korean launch site

Posted: 26 Nov 2012 07:35 PM PST

WASHINGTON (Reuters) - A new satellite image shows a marked increase in activity at a North Korean missile launch site, pointing to a possible long-range ballistic missile test by Pyongyang in the next three weeks, according to satellite operator DigitalGlobe Inc. The imagery was released days after a Japanese newspaper, the Asahi Shimbun, reported that U.S. intelligence analysts had detected moves that were seen as preparation by North Korea for a long-range missile launch as early as this month. DigitalGlobe, which provides commercial satellite imagery to the U.S. ...

Japan's prospective PM keeps up calls for bold BOJ stimulus

Posted: 27 Nov 2012 01:04 AM PST

Shinzo Abe, the head of Japan's main opposition Liberal Democratic Party, speaks during a lecture in TokyoTOKYO (Reuters) - Japan's opposition leader and likely next premier, Shinzo Abe, kept up his rhetoric on Tuesday for bolder monetary and fiscal stimulus, warning that the country cannot restore fiscal health unless it beats deflation. Abe, the leader of the Liberal Democratic Party (LDP) that is tipped to win next month's election, stressed that overcoming deflation was crucial not just to revive growth but also to fix Japan's fiscal health. Tax revenues would not increase, he said, unless companies and households started spending more in the belief that prices would rise in the future. ...


Analysis: Despite 2011 disaster, pro-nuclear party could win power in Japan

Posted: 27 Nov 2012 12:29 AM PST

File picture shows protesters demanding a stop to the resumption of nuclear power operations, in TokyoTOKYO (Reuters) - Japanese voters look likely to hand victory to a party that favours nuclear power in the first election since the March 2011 Fukushima radiation disaster - a result a baffled Greenpeace activist likens to one of the "wonders of the world". But even if the main opposition Liberal Democratic Party (LDP) wins the December 16 election, it will not reflect any groundswell of popular support for nuclear power. ...


Bangladesh blames sabotage for factory fire; country mourns dead

Posted: 27 Nov 2012 12:35 AM PST

A worker visits a burnt garment factory after a fire which killed more than a hundred people, in SavarDHAKA (Reuters) - Bangladesh said on Tuesday a fire that killed 111 textile workers was sabotage as protesters took to the streets for a second day and garment factories across the world's second biggest clothes exporter stopped work to mourn the dead. The country's worst-ever industrial blaze broke out on Saturday and consumed a multi-storey building of a Tazreen Fashions factory. More than 150 workers were injured. ...


Rights group urges Pakistan judges to stop censoring media

Posted: 27 Nov 2012 01:02 AM PST

ISLAMABAD (Reuters) - An international human rights group urged Pakistan judges on Tuesday to stop using their powers to censor media critical of the judiciary. Over the last two months, judges have threatened several media executives and journalists with contempt of court if they published reports criticizing the judiciary, New York-based Human Rights Watch said. "Judges have no special immunity from criticism," said Brad Adams, the group's Asia director. "Unless they want to be seen as instruments of coercion and censorship, they should immediately revoke these curbs on free expression. ...

Syrian jets bomb rebel bases near Turkey border

Posted: 27 Nov 2012 12:36 AM PST

A view of a damaged mosque is seen after Syrian Air Force fighter jets loyal to Syria's President Bashar al-Assad fired missiles at the town of Ras al-AinBUKULMEZ, Turkey (Reuters) - Syrian warplanes bombed two rebel bases near the Turkish border on Monday sending hundreds of people fleeing across the frontier. The attacks on the Free Syrian Army positions (FSA) in Atima and nearby Bab al-Hawa came a day before NATO and Ankara were due to start assessing where to station surface-to-air missiles on the Turkish side of the 900-km (560-mile) boundary. Turkey, a big supporter of rebels fighting to oust Syria's President Bashar al-Assad, has repeatedly scrambled jets along the border. ...


Uganda military chief: Congo M23 rebels to pull out of Goma

Posted: 27 Nov 2012 12:37 AM PST

The South Africa contingent of the U.N. peacekeepers in Congo erect a razor wire barrier around Goma airportKAMPALA (Reuters) - Uganda's military chief said on Tuesday that the leader of the M23 rebel group in the Democratic Republic of Congo, Colonel Sultani Makenga, has agreed to withdraw from the eastern cities of Goma and Sake. African leaders called on the rebels on Saturday to abandon their aim of toppling the government and leave the city of Goma they captured last week, hoping to prevent a descent into all-out war in a region dogged by nearly two decades of conflict. ...


Aide: Israel's former FM Livni returns to politics

Posted: 27 Nov 2012 01:18 AM PST

FILE - In this Aug. 28, 2006 file photo, former Israeli Foreign Minister Tzipi Livni, is seen during her visit in the Chancellory in Berlin. Livni is expected to announce her return to Israeli politics on Tuesday, Nov. 27, 2012. (AP Photo/Franka Bruns, File)An aide to Israel's former Foreign Minister Tzipi Livni says she is returning to politics and will be heading a new party.


Experts exhume remains of Palestinian leader

Posted: 27 Nov 2012 12:30 AM PST

Blue tarp covers the entrance to Yasser Arafat's mausoleum in the West Bank city of Ramallah. The remains of the late Palestinian leader Yasser Arafat were exhumed from his grave on Tuesday so international forensic experts could search for additional clues to his death, Palestinian officials said. (AP Photo/Nasser Shiyoukhi)Palestinian officials say Yasser Arafat's remains have been reburied, just hours after being exhumed as part of a probe into his death.


Taliban say they tried to kill Pakistani TV anchor

Posted: 27 Nov 2012 12:21 AM PST

The Pakistani Taliban have claimed responsibility for a failed assassination attempt against a prominent Pakistani TV anchor.

Egypt's president stands by his decrees

Posted: 26 Nov 2012 04:00 PM PST

Egyptians carry the body of Gaber Salah, who was who was killed during clashes with security forces in Cairo, Egypt, Monday, Nov. 26, 2012. Thousands of Egyptians on Monday gathered into Cairo's Tahrir Square to attend the funeral of Salah, who was severely injured during clashes with security forces last week and died Sunday night. (AP Photo/Hussein Tallal)Egypt's President Mohammed Morsi struck an uncompromising stand Monday over his seizure of near absolute powers, refusing in a meeting with top judicial authorities to rescind a package of constitutional amendments that placed his edicts above oversight by the courts.


Rebels patrol in Congo city as deadline passes

Posted: 26 Nov 2012 04:02 PM PST

Internally displaced Congolese gather at the Mugunga 3 camp west of Goma, eastern Congo, Monday Nov. 26, 2012. Regional leaders meeting in Uganda called for an end to the advance by M23 rebels toward Congo's capital, and also urged the Congolese government to sit down with rebel leaders as residents fled some towns for fear of more fighting between the rebels and army. (AP Photo/Jerome Delay)Rebels widely believed to be backed by Rwanda and Uganda held their positions in this key eastern Congolese city that they seized last week, letting a midnight deadline for their withdrawal expire in the early hours of Tuesday.


UN to vote Thursday on raising Palestinian status

Posted: 26 Nov 2012 05:21 PM PST

The Palestinians said the U.N. General Assembly will vote Thursday afternoon on a resolution raising their status at the United Nations from an observer to a nonmember observer state, a move they believe is an important step toward a two-state solution with Israel.

SKorea: US socialite to lose honorary consul title

Posted: 26 Nov 2012 06:34 PM PST

FILE - In this Nov. 13, 2012, file photo, Jill Kelley leaves her home in Tampa, Fla. South Korea will revoke an honorary title given to the American socialite tied to the scandal involving former CIA director David Petraeus, officials said Tuesday, Nov. 27, 2012. (AP Photo/Chris O'Meara, File)South Korea will revoke an honorary title given to an American socialite tied to a scandal involving former CIA director David Petraeus, officials said Tuesday.


Tibetan students in west China clash with police

Posted: 26 Nov 2012 07:39 PM PST

Four more ethnic Tibetans have self-immolated to protest Chinese rule and at least 20 were hospitalized after clashing with police in a protest over a government booklet calling the Tibetan language irrelevant, a report and exile groups said Tuesday.

Bangladeshis mourn garment-fire dead, plan protest

Posted: 26 Nov 2012 11:30 PM PST

A man takes photographs inside a garment-factory where a fire killed more than 110 people Saturday on the outskirts of Dhaka, Bangladesh, Monday, Nov. 26, 2012. Bangladeshi workers protested blocks from the gutted fire Monday, demanding justice for the victims and improved safety. Some 200 factories were closed for the day after the protest erupted in Savar, a suburb of Dhaka, the capital. (AP Photo)Bangladesh held a day of mourning Tuesday for the 112 people killed in a weekend garment fire, and labor groups planned more protests to demand better worker safety in an industry notorious for operating in firetraps.


Recent garment factory fires in Bangladesh

Posted: 26 Nov 2012 04:57 PM PST

Bangladeshi firefighters and workers try to douse the fire at a garment-factory in Dhaka, Bangladesh, Monday, Nov. 26, 2012 two days after a similar incident killed more than 110 people on the outskirts. No casualty was reported in Monday's fire. Bangladeshis were Monday blocking the streets near Dhaka, throwing stones at factories and smashing vehicles, as they demanded justice for those killed in Saturday's fire. (AP Photo)More than 315 people have died in fires in Bangladesh garment factories since 2006. The country has about 4,000 garment factories and earns about $20 billion a year from garment exports, mainly to the United States and Europe. Some recent deadly garment factory fires:


Could Catalonia's vote boost Basque independence?

Posted: 26 Nov 2012 02:39 PM PST

The results of Sunday's local elections in Catalonia will likely have most immediate impact in the independence-minded region and in the halls of Madrid's central government. But their effects within other Spanish communities that harbor hopes for independence may prove just as profound.

Amid bitter leadership row, French conservatives tap Copé

Posted: 26 Nov 2012 02:10 PM PST

An internal committee investigating the contentious Nov. 18 election for leadership of France's right-wing opposition UMP party has declared a winner, but the struggle between two prominent French conservatives over the UMP's top spot looks set to continue, likely in court.

Indebted Caribbean tax havens look to tax foreign investors

Posted: 26 Nov 2012 11:59 AM PST

For a territory of just more than 56,000 people, the Cayman Islands boasts an impressive corporate roster: From some of the favorite US brands like Coca-Cola and Federal Express to the world's richest sports franchise, English football club Manchester United.

Deadly Bangladesh garment factory fire spotlights poor working conditions

Posted: 26 Nov 2012 10:26 AM PST

Just after a fire killed at least 112 workers at a garment factory in the outskirts of Dhaka, Bangladesh, another 10-story factory caught fire Monday morning, and thousands took to the streets to protest the factories' poor safety standards.

Global first: Brit visits all 201 states without flying

Posted: 26 Nov 2012 10:32 AM PST

A British adventurer has become the first person to travel to all 201 sovereign states in the world without flying, ending his four-year odyssey early Monday when he arrived in South Sudan, the world's newest nation.

Syrian rebels struggle to keep regime Air Force on the ground

Posted: 26 Nov 2012 09:39 AM PST

In recent weeks, Syrian opposition fighters have claimed a string of tactical gains, most recently capturing two regime bases, a helicopter base near Damascus, and a hydroelectric dam in the north of the country. The victories are said to have caused a significant blow to the morale of the embattled Syrian Army and brought the outgunned rebel forces closer to besieging the capital city and cutting off critical regime supply lines.

Russian NGOs say new law makes them look like spies

Posted: 26 Nov 2012 09:14 AM PST

Russian nongovernmental organizations are holding their breath a few days after a new law came into effect, requiring those who receive any amount of outside funding and engage in "public outreach" that authorities deem political to register as "foreign agents" and identify themselves as such in all their materials.

Catalonian elections: Madrid is bad, austerity is worse

Posted: 26 Nov 2012 08:45 AM PST

If there was one lesson from Sunday's elections in the Spanish region of Catalonia, it was this: Residents of Catalonia may want to be rid of Madrid's central government, but they want to be rid of austerity even more.

A new party emerges in world's biggest democracy

Posted: 26 Nov 2012 08:35 AM PST

The world's largest democracy gave birth to a new political party today, this one focused on fighting corruption.

Ceasefire opens up deeper waters for Gaza's fishermen

Posted: 26 Nov 2012 08:15 AM PST

For the first time in more than three years, Gaza fisherman Mushtaq Zedan took his boat out Saturday to the deeper, more abundant waters that were off limits to him under the Israeli blockade.

Syrian rebels forced to police their own as crime tarnishes reputation

Posted: 26 Nov 2012 07:40 AM PST

When informants tipped off Abu Al Hiba to an Islamist Free Syrian Army unit's plan to rob an abandoned wire factory, he immediately dispatched some of his men to guard the factory and told the group that they were urgently needed on the front line. The group, which Mr. Hiba questioned was even a legitimate FSA unit, begrudgingly packed up and went to fight, leaving the factory unmolested.

DR Congo's M23 rebel leader heads to Uganda for withdrawal talks

Posted: 26 Nov 2012 05:53 AM PST

The leader of the Congolese rebel group M23, which sacked the city of Goma a week ago, is set to meet officials in neighboring Uganda for negotiations over the group's withdrawal. But various reports indicate that M23 is operating under the auspices of the Rwandan government, suggesting that a resolution to the immediate crisis may require international pressure as well.

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