Developing

  • Polish conservative opposition leads opinion poll

    Reuters - 10 hours ago

    WARSAW (Reuters) - Poland's opposition Law and Justice (PiS) party has overtaken the ruling Civic Platform in an opinion poll released on Saturday, showing the government may be increasingly vulnerable to the economic downturn. The centre-right Civic Platform, led by Prime Minister Donald Tusk won 40 percent of the vote at the 2011 election, but its support was down to 23 percent in the survey carried out by CBOS, one of Poland's biggest polling organizations. ... More »Polish conservative opposition leads opinion poll

  • EU To Ban Olive Oil Bottles From Restaurants

    Sky News - 10 hours ago

    Traditional olive oil jugs are to be banned from restaurants across Europe following a decision in Brussels. More »EU To Ban Olive Oil Bottles From Restaurants

  • China April housing inflation quickens to two year high

    Reuters - 10 hours ago

    By Xiaoyi Shao and Michael Martina BEIJING (Reuters) - China's housing inflation accelerated to its fastest pace in April in two years, driven by a jump in prices in Beijing and Shanghai, complicating the task of policymakers trying to cool the property sector while supporting economic expansion. Average new home prices rose 4.9 percent last month from a year ago, after a year-on-year increase of 3.6 percent in March, according to Reuters calculations from data released by the National Bureau of Statistics(NBS) on Saturday. The rise was the sharpest since April 2011. ... More »China April housing inflation quickens to two year high

  • Bulgarian truck drivers end blockade of traffic to Turkey

    Reuters - 11 hours ago

    SOFIA (Reuters) - Bulgarian truck drivers lifted their traffic blockades at two major border checkpoints with Turkey late on Friday, saying a deal had been struck to end Turkish restrictions on their operations. The disgruntled drivers had blocked traffic for two days, causing a 12 km (7-mile) queue at the Kapitan Andreevo crossing and a 5.5 km tailback at the Lesovo checkpoint. They accused Turkish officials of trying to push them out of the Turkish and Arab transport markets by subjecting them to lengthy customs checks which could last hours and even days. ... More »Bulgarian truck drivers end blockade of traffic to Turkey

  • Exclusive - EU cites Chinese telecoms Huawei and ZTE for trade violations

    Reuters - 11 hours ago

    By Daniel Bases NEW YORK (Reuters) - Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines. European Union Trade Commissioner Karel De Gucht said he was prepared to launch a formal investigation into anti-competitive behaviour by these Chinese companies in order to protect a "strategic" sector of Europe's economy. ... More »Exclusive - EU cites Chinese telecoms Huawei and ZTE for trade violations

  • Hopes fade for those still trapped in Freeport Indonesia mine

    Reuters - 12 hours ago

    JAKARTA (Reuters) - Freeport McMoRan Copper & Gold Inc said on Saturday that rockfalls were hampering rescue efforts after a tunnel collapse four days ago at its giant Indonesian copper mine, with hopes fading of finding alive any of the 23 still missing. Freeport closed the world's second largest copper mine on Wednesday, a day after a tunnel fell in on 38 workers undergoing training. Five are known to have died. Several of the 10 rescued are still in hospital. The Grasberg mine in West Papua is in one of the most remote regions of the Indonesian archipelago. ... More »Hopes fade for those still trapped in Freeport Indonesia mine

  • Northeast Japan jolted by magnitude 5.9 quake, no tsunami warning

    Reuters - 12 hours ago

    TOKYO (Reuters) - An earthquake with a preliminary magnitude of 5.9 jolted northeastern Japan on Saturday, but no tsunami warning was issued, the Japan Meteorological Agency said. Tokyo Electric Power Co's two nuclear plants in Fukushima reported no new irregularities after the quake, Kyodo news agency said. Onagawa nuclear plant in Miyagi prefecture further north also detected no irregularities, operator Tohoku Electric Power Co said. In Miyagi prefecture, where the shaking was the strongest, there were no information on injuries, Kyodo added. ... More »Northeast Japan jolted by magnitude 5.9 quake, no tsunami warning

  • "Harry Potter" first edition annotated by author up for auction

    Reuters - 16 hours ago

    (Reuters) - Ever wondered what went through author J.K. Rowling's mind when she wrote the first "Harry Potter" novel? Fans of books about the boy wizard will have a chance to bid on a unique first edition of "Harry Potter and the Philosopher's Stone," annotated by the author, at a charity auction this month, the English PEN organization said on Friday. The book contains Rowling's handwritten thoughts and commentary about the book and the film adaptation, as well as 22 hand-drawn illustrations including one of a sleeping baby Harry and another of Hogwarts headmaster Albus Dumbledore. ... More »"Harry Potter" first edition annotated by author up for auction

  • Oil price probe widens, U.S. senator wants Justice Department help

    Reuters - 17 hours ago

    By Simon Falush and Timothy Gardner LONDON/WASHINGTON (Reuters) - A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands, while a key U.S. senator on Friday called for the Justice Department to join the investigation. Dutch trading house Argos Energies, a mid-sized trading company that deals in physical oil products and owns storage facilities, was visited by inspectors from the European Commission on Tuesday, a source familiar with the investigation said on Friday. ... More »Oil price probe widens, U.S. senator wants Justice Department help

  • Investor group calls on SEC to review change in JPMorgan voting

    Reuters - 18 hours ago

    By David Henry NEW YORK (Reuters) - Pension and endowment managers on Friday called on U.S. regulators to review the rules for shareholder voting after a firm collecting ballots for JPMorgan Chase & Co cut off the bank's opponents from polling information. The Council of Institutional Investors, which represents managers of pensions, endowments, and foundations with more than $3 trillion of assets total, said in a letter to the Securities and Exchange Commission that votes at companies' annual meetings are set up in a way that gives too much of an advantage to corporate management. ... More »Investor group calls on SEC to review change in JPMorgan voting

  • Government launches investigation into two Serco, G4S contracts

    Reuters - 18 hours ago

    By Christine Murray LONDON (Reuters) - The government said on Friday it had hired a team of auditors to investigate whether it was overcharged on two contracts with outsourcing firms Serco and G4S. The Ministry of Justice said auditors from professional services firm PWC would examine two contracts signed in 2005 which together cost the department 107 million pounds in 2012/13 for electronic tagging and monitoring of offenders released from prison. ... More »Government launches investigation into two Serco, G4S contracts

  • Yahoo to vote on $1.1 billion Tumblr buy - AllThingsD

    Reuters - 18 hours ago

    SAN FRANCISCO (Reuters) - Yahoo Inc's board will meet on Sunday to vote on whether to offer $1.1 billion (725 million pounds) in cash for New York-based blogging service Tumblr, tech blog AllThingsD cited sources close to the situation as saying on Friday. Such an acquisition would be CEO Marissa Mayer's largest deal since taking the helm of the once-iconic Internet company in July 2012. Yahoo is keen on Tumblr because its younger user base would enhance the older website's "cool factor," the technology blog cited the sources as saying. The news could be announced as soon as Monday, it said. ... More »Yahoo to vote on $1.1 billion Tumblr buy - AllThingsD

  • Exclusive - Onex fails to find buyer for Carestream Health

    Reuters - 18 hours ago

    By Soyoung Kim and Greg Roumeliotis NEW YORK (Reuters) - Onex Corp has called off its auction of medical imaging firm Carestream Health Inc after failing to find a buyer that was willing to meet its price expectation of as much as $3.5 billion (2.3 billion pounds), three people familiar with the matter said this week. Bain Capital LLC, the last remaining private equity firm that was talking to Onex about a possible deal, dropped out of the auction this week, the people said. Another interested party, Thomas H. Lee Partners LP, exited the process earlier, they added. ... More »Exclusive - Onex fails to find buyer for Carestream Health

  • Hall of Famer Venturi dies aged 82

    Reuters - 18 hours ago

    (Reuters) - Former U.S. Open champion and television broadcaster Ken Venturi, a 14-times winner on the PGA Tour, died on Friday at the age of 82 following various health complications. Inducted into the World Golf Hall of Fame just 11 days ago, Venturi had been in hospital for the last two months for a spinal infection, pneumonia and an intestinal infection, the PGA Tour said in a statement. Venturi's son, Matt, said his father had died in a hospital in Rancho Mirage, California, where he had been living for several years. The highlight of Venturi's playing career came in the 1964 U.S. ... More »Hall of Famer Venturi dies aged 82

  • U.S. judge revives Dexia's mortgage lawsuit versus JPMorgan

    Reuters - 19 hours ago

    By Jonathan Stempel (Reuters) - A federal judge has revived a closely watched lawsuit accusing JPMorgan Chase & Co of misleading Belgian-French bank Dexia SA into buying more than $1.6 billion (1 billion pounds) of troubled mortgage debt. Citing a recent federal appeals court decision involving American International Group Inc and Bank of America Corp, U.S. District Judge Jed Rakoff in Manhattan said he had lacked jurisdiction when he decided on April 2 to throw out much of Dexia's lawsuit against JPMorgan. That ruling had dismissed claims for all but $5. ... More »U.S. judge revives Dexia's mortgage lawsuit versus JPMorgan

  • Amazon kills "Zombieland" TV project, backs "Alpha House"

    Reuters - 19 hours ago

    By Alistair Barr SAN FRANCISCO (Reuters) - Amazon.com Inc decided not to turn pilot project "Zombieland" into a full TV series, but is going ahead with "Alpha House," as the world's largest online retailer enters the next stage of its foray into original video creation. "Zombieland" writer and producer Rhett Reese wrote on Twitter that Amazon's decision was "sad for everyone" and blamed it on negative online reviews of the pilot by viewers. ... More »Amazon kills "Zombieland" TV project, backs "Alpha House"

  • Target goes hunting in Silicon Valley, following Wal-Mart

    Reuters - 19 hours ago

    By Alistair Barr SAN FRANCISCO (Reuters) - Target Corp said on Friday it opened a new San Francisco office to track down technology companies that can help the second-largest U.S. retailer grow its online commerce business. Target's Technology Innovation Center is run by David Newman, an executive who spent six years at the online business of Wal-Mart Stores Inc, which has had a major presence in Silicon Valley for several years. "Partnership is in our DNA and early-stage companies can sense that and are proving to be very willing to partner and co-develop," said Newman. ... More »Target goes hunting in Silicon Valley, following Wal-Mart

  • Morrison seals $306 million Ocado deal in online catch-up

    Reuters - 20 hours ago

    By James Davey LONDON (Reuters) - British supermarket chain Wm Morrison is investing more than 200 million pounds in a 25-year deal with online grocer Ocado, seeking to catch up with rivals in home delivery and sending Ocado shares to a record high. Morrison, which trails Tesco, Wal-Mart's Asda and J Sainsbury in annual sales, has suffered falling profits and market share, partly due to its late entry into online grocery which is growing about 16 percent a year. Morrison and Ocado said their deal would not affect Ocado's arrangement with upmarket grocer Waitrose, due to run to 2020. ... More »Morrison seals $306 million Ocado deal in online catch-up

  • Liberia's Johnson-Sirleaf defends governance record

    Reuters - 20 hours ago

    By Lesley Wroughton WASHINGTON (Reuters) - Liberian President Ellen Johnson-Sirleaf on Friday defended her government's record on good governance and transparency, following an independent audit that cast doubt on her anti-corruption efforts. She said a recent audit of resource contracts by accounting firm Moore Stephens contracts had been commissioned to fix, and not hide, problems in the West African country. The independent audit showed that almost all the $8 billion (5. ... More »Liberia's Johnson-Sirleaf defends governance record

  • IRS chief declines to identify employees involved in scandal

    Reuters - 21 hours ago

    By Andy Sullivan and Kim Dixon WASHINGTON (Reuters) - The outgoing head of the U.S. Internal Revenue Service angered Republican lawmakers on Friday by resisting their demands that he identify who at the tax-collection agency had inappropriately targeted conservative groups for extra scrutiny. But during the first hearing into a growing IRS scandal that could preoccupy Washington for months, Republicans did learn that a top official in President Barack Obama's administration knew that the IRS was looking into targeting by the tax agency nearly a year ago. ... More »IRS chief declines to identify employees involved in scandal

  • U.S. chides Russia over missiles as peace plans suffer

    Reuters - 21 hours ago

    By Erika Solomon BEIRUT (Reuters) - The United States chided Russia for sending missiles to the Syrian government as plans for a peace conference promoted by Washington and Moscow were hit by diplomatic rifts over its scope and purpose. Sectarian bloodshed in neighbouring Iraq during Friday prayers, a hacking attack on a Western newspaper by sympathisers of Syrian President Bashar al-Assad and defiant comments by a rebel commander filmed eating a slain soldier's flesh were all reminders of how the two-year-old civil war is metastising. ... More »U.S. chides Russia over missiles as peace plans suffer

  • America's Cup sailing suspended for review of boats and dangers

    Reuters - 21 hours ago

    By Ronnie Cohen and Noel Randewich SAN FRANCISCO (Reuters) - Clouds hung over the America's Cup sailing regatta on Friday after investigators asked the teams to temporarily halt practicing on blustery San Francisco bay following a deadly accident last week. Organizers have said races will go ahead in July, despite growing public concerns over safety after a British champion sailor was killed when one of the sleek, ultra-fast AC72 catamarans built for the competition capsized and broke apart last Thursday. ... More »America's Cup sailing suspended for review of boats and dangers

  • Toronto mayor denies smoking crack cocaine

    Reuters - 21 hours ago

    By Julie Gordon and Cameron French TORONTO (Reuters) - Toronto Mayor Rob Ford, a target of criticism for his often unconventional conduct, on Friday denied media allegations that he had been caught on video smoking crack cocaine. "Absolutely not true," Ford told reporters gathered outside his west Toronto house, before driving off in his SUV. ... More »Toronto mayor denies smoking crack cocaine

  • Tesoro wins U.S. antitrust OK to buy California BP refinery

    Reuters - 21 hours ago

    By Diane Bartz and Erwin Seba WASHINGTON/HOUSTON (Reuters) - U.S. refiner Tesoro Corp. has received formal approval from antitrust regulators in Washington and Sacramento on Friday to buy BP Plc's refinery and other assets in southern California for more than $2 billion (1.3 billion pounds). Tesoro will not have to sell any of the assets anti-trust regulators said, but California officials demanded the company upgrade the refinery it was buying. Californians regularly pay some of the highest gasoline prices in the nation. ... More »Tesoro wins U.S. antitrust OK to buy California BP refinery

  • Shares in Lloyds hit government break-even price

    Reuters - 21 hours ago

    By Matt Scuffham LONDON (Reuters) - Shares in state-backed Lloyds Banking Group rose above the level which the government sees as its break-even price after its 20.5 billion pound rescue of the bank, raising hopes of a sale this year. Lloyds shares, the top performer in the FTSE-100 last year, rose 2.5 percent to reach 62.5 pence at 13:00 p.m. on Friday, their highest for over two years and passing the 61.2 pence break-even price. ... More »Shares in Lloyds hit government break-even price

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