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New Standards Approved for Extractive Industries
New performance standards have been announced (5/23) for oil, gas and mining companies, requiring them to be much more transparent in their business dealings. to De Capua report on extraction industries The Extractive Industries Transparency Initiative approved the new performance standards at a meeting in Sydney, Australia. Created in 2003, the initiative includes government, ...
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Euro golf tour CEO apologizes for racial remark
Sergio Garcia of Spain emerges from a meeting in the rules office with George O'Grady, Chief Executive of the European Tour during the Pro-Am round prior to the BMW PGA Championship on the West Course at Wentworth on May 22, 2013 in Virginia Water, England. (Richard Heathcote, Getty ...
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Italys Berlusconi in tax fraud scheme as PM judges say
Reuters © People of Freedom party member Silvio Berlusconi gestures as he makes an address on stage in Brescia May 11, 2013. REUTERS/Alessandro ...
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Indias Tata Steel reports loss on Europe woes
MUMBAI (AFP) - India's Tata Steel, one of the world's biggest steelmakers, on Thursday swung to a quarterly net loss from a profit a year ago due to falling demand in its key European market.Tata Steel reported a consolidated net loss of 65.29 billion rupees ($1.18 billion) for the fourth fiscal quarter which ended March, compared to a profit of 4.33 billion rupees in the same period a ...
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European Tour chief apologizes for using ‘coloured’ term in live TV interview
VIRGINIA WATER, England - The head of the European golf tour apologized for using the term "colored" during a live television interview Thursday in which he was reacting to the spat between Tiger Woods and Sergio Garcia.European Tour CEO George O'Grady said that "most of Sergio's friends are coloured athletes in the United States."The word "coloured" was ...
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86 sentenced in Macedonia highway toll scam case
SKOPJE, Macedonia -; A criminal court in Macedonia's capital has sentenced 86 employees of a road management company to prison terms ranging from eight months to more than six years for involvement in a massive highway toll ...
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Appellate court Berlusconi ran illegal scheme
MILAN -; A Milan appeals court has explained why it upheld Silvia Berlusconi's tax fraud conviction, saying the politician illegally purchased the rights to broadcast U.S. movies on his private TV network, then falsely declared the payments to avoid ...
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Nagorno Karabakh conflict ‘serious threat to European security
Minister of National Security of Azerbaijan Eldar Mahmudov received NATO Deputy Secretary General for Emerging Security Challenges Gabor Iklodi. Minister of National Security of Azerbaijan Eldar Mahmudov received NATO Deputy Secretary General for Emerging Security Challenges Gabor Iklodi who is on a visit in Azerbaijan. According to the Public Relations Center of the Ministry of National ...
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Commercial banks overstating current risks in Russia’s economy
VORONEZH, May 23 (Itar-Tass) - Commercial banks are apparently overstating the risks that exist in Russia’s economy today, President Vladimir Putin said Thursday at a conference with businessmen in the city of ...
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Tributes flow for soldier murdered in London
23 May 2013 THE soldier killed by the two Islamists who attempted to behead and disembowel him was Drummer Lee Rigby, 25 years old, with a two year old ...
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Four held over murder of soldier
23 May 2013 A TOTAL of four people including the two men shot by police have now been arrested in connection with the murder of a soldier in ...
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Japan’s Nikkei Index Falls 7.3 for Several Reasons Europe and U.S. Indexes Dip after Japanese Nosedive JPMorgan Voters Keep CEO Dimon
YahooFinance ) The Japanese stock market’s single-largest, one-day loss since the 2011 tsunami featured a 7.3 percent plunge yesterday that was blamed on lower-than-expected Chinese manufacturing figures for April, the Federal Reserve's lack of a clear message on continuing quantitative easing and spiking Japanese bond prices.Elsewhere in the Far East, markets generally pulled back. ...
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IMF’s Lagarde in court for French arbitration case
IMF chief Christine Lagarde was questioned in court by a French magistrate on Thursday over her role in a 285-million-euro ($366 million) arbitration payment made to a supporter of former president Nicolas Sarkozy.Lagarde risks being placed under formal investigation at the hearing for her 2007 decision as Sarkozy's finance minister to use arbitration to settle a long-running court battle ...
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Russia US Perceptions Hit 4-Year Low – Poll
MOSCOW, May 23 (RIA Novosti) – Russian and US perceptions of each other’s role in the world have deteriorated over the past year, hitting their lowest point since 2009, according to a new survey commissioned by the BBC World Service. According to the 2013 Country Ratings poll conducted by GlobeScan/PIPA, 23 percent of those surveyed in America have a "mainly positive" view ...
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Pussy Riot member Maria Alekhina denied parole
The ruling came despite letters from the musicians Sir Paul McCartney, Peter Gabriel and Patti Smith urging the court to free Maria Alekhina and the other Pussy Riot member still in prison, Nadezhda Tolokonnikova. In its ruling, a court in Perm province accepted a claim by prosecutors that Alekhina had systematically disobeyed prison authorities and failed to repent for her crime, Russian media ...
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IMF Managing Director Christine Lagarde in court over money to disgraced tycoon Bernard Tapie in 2008
Ms Lagarde, 57, spent most of today answering questions in a private hearing about her role in a EUR403m compensation award to the disgraced tycoon, Bernard Tapie, while she was French finance minister in 2008.The elegant, and much admired, Ms Lagarde is accused not of enriching herself, but of engineering a sweetheart settlement to Mr Tapie to pay him off for switching sides to support the ...
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Berlin hopes efforts on youth jobs will help its image in Europe
BERLIN (Reuters) - German alarm that their country is blamed for austerity measures compounding the problems in the euro zone helps explain Berlin's bilateral efforts to tackle youth unemployment in some of the countries worst ...
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European Parliament Wants TV Movies Excluded From U.S. Trade Talks
LONDON – The European Union Parliament said Thursday it passed a resolution to keep culture off the table in next month's US-EU free trade ...
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European stocks slump in wake of Tokyo plunge
LONDON (AFP) - European stock markets slumped Thursday, with most indices dropping more than 2.0 percent after Tokyo shares plunged owing to weak Chinese data and signs that the US Federal Reserve may soon taper massive stimulus measures, analysts said.London's FTSE 100 index of leading shares fell 2.10 percent to 6,696.79 points, while in Frankfurt the DAX 30 index also dropped 2.10 ...
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Euro Tour CEO Refers to Sergio Garcia’s Friends As ‘Colored’
Sergio Garcia and George O’Grady, Chief Executive of the European Tour, shake hands after a meeting Wednesday. (Photo by Andrew Redington/Getty ...
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Germany ranked as most popular country in global survey
Germany is the most popular country in the world, a British poll indicated, pushing Japan out of the top spot. The annual rating of 16 countries and the European Union was compiled from interviews with more than 26,000 people in 25 countries, the BBC reported Thursday. GlobeScan and PIPA conducted the poll for the BBC. Asked if their views about a country were "mainly positive" or ...
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Euro Tour CEO Apologizes for Saying Colored
VIRGINIA WATER, England ...
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Paris hosts First Meeting in 2013 of France-UAE Strategic Dialogue
WAM Paris, 23rd May 2013 (WAM) - The France-United Arab Emirates Strategic Dialogue was convened on 22 May 2013 in Paris, its first meeting of the year, and was co-chaired by Khaldoon Al Mubarak, Chairman of the Executive Affairs Authority of the Emirate of Abu Dhabi, and Pierre Sellal, Secretary-General of the Ministry of Foreign Affairs and Personal representative of the President of the ...
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Syrian Opposition Figure Offers Transition Plan
A prominent Syrian opposition figure has proposed a transition plan for the war-torn country, requiring President Bashar al-Assad to hand power to a senior aide and leave the country with 500 ...
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US One Drone Victim Was Intent on Anti-American Terrorism
U.S. law enforcement officials say that one of the four Americans it now acknowledges killing in drone strikes was a young man who left the country for Pakistan intent on engaging in violent terrorism against the United States. Jude Kenan Mohammad had not been previously identified in news media reports as being killed by a U.S. drone attack, unlike three other Americans the government on ...
Italy Digest
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Italy heavily involved in multi billion euro South Stream project
Italy’s natural gas company ENI is a major investor in the South Stream natural gas pipeline project, but the infrastructure development is being held up by a number of trans-national issues, which the Italian government believes is detrimental to the country’s energy security.
South Stream is the name of the transit pipeline that is intended to transport natural gas from Russia to Southern Europe, bypassing Belarus and the Ukraine. It has been highlighted by Prime Minister Berlusconi as important for the energy needs of Italy as it will eliminate the so-called ‘middle man’ and enhance the security of our energy supply, an issue that was underscored in 2005 when ongoing business disputes between Russia and the Ukraine spilled over into trans-national political issues. Read more
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