• Rightist GERB holds lead in Bulgaria's election

    Reuters - Sun, May 12, 2013

    By Tsvetelia Tsolova and Sam Cage SOFIA (Reuters) - The rightist GERB party held the lead in Bulgaria's election on Sunday but its prospects of forming another government, after the last one was ousted by protests, looked uncertain after its potential partner ruled out a deal. Turnout was the lowest in post-communist history, at around 53 percent, reflecting the disaffection with the political elite in a country where unemployment is close to an eight-year high. ... More »Rightist GERB holds lead in Bulgaria's election

  • Portugal bailout review completed - government

    Reuters - Sun, May 12, 2013

    LISBON (Reuters) - Portugal's government said on Sunday its EU and IMF lenders had concluded work on the latest bailout review, indicating there were no outstanding obstacles for Lisbon to receive the next 2 billion euro tranche of the rescue package. The review, which had been practically sealed in March, hit a snag early last month when the constitutional court threw out some of this year's austerity measures. But the government presented a plan to compensate for those, along with wider deficit reduction steps until 2015 worth 4.8 billion euros. ... More »Portugal bailout review completed - government

  • Mixed signals for the global economy

    Reuters - Sun, May 12, 2013

    By Lucia Mutikani WASHINGTON (Reuters) - A flood of data this week will paint a mixed picture of the global economy, with belt-tightening continuing to dampen activity in the euro zone, but accommodative policies helping to stimulate growth in Japan. Reports from the United States are expected to show some slowdown in momentum early in the second quarter, and the Chinese economy's prospects are unlikely to have changed much. "We expect global growth to decelerate further in the second quarter, hamstrung, mainly from fiscal austerity in the U.S. ... More »Mixed signals for the global economy

  • Bulgaria nationalists say will not back leading party

    Reuters - Sun, May 12, 2013

    SOFIA (Reuters) - Bulgarian nationalist party Attack will not support the centre-right GERB, which exit polls show will be the largest group in a new parliament, to form a government, its leader said on Sunday. "There is no way we can support GERB," Volen Siderov told reporters after polling closed in Sunday's election. "We cannot support someone who has declared anti-state and anti-Bulgarian policies." (Reporting by Tsvetelia Tsolova; Editing by Sam Cage) More »Bulgaria nationalists say will not back leading party

  • Malian army approaches rebel-held northern town of Kidal

    Reuters - Sun, May 12, 2013

    BAMAKO (Reuters) - Malian troops approached the remote northeastern town of Kidal on Sunday ahead of a mid-May deadline set by the government to wrest it from the control of Tuareg separatist rebels. French forces which swept Islamist insurgents from the far north of Mali have allowed the MNLA rebels to run Kidal in recent months but Mali's government wants to reimpose its authority ahead of July presidential and legislative elections. ... More »Malian army approaches rebel-held northern town of Kidal

  • Egyptian lawyer denies that Mubarak spoke to paper

    Reuters - Sun, May 12, 2013

    CAIRO (Reuters) - A lawyer representing former Egyptian president Hosni Mubarak denied on Sunday that his client had spoken to a newspaper, describing as a fabrication reports that he had said it was too early to judge Mohamed Mursi's performance as president. Sunday's edition of El-Watan said its journalist had broken through security lines to speak to Mubarak on Saturday before his retrial on charges of complicity in the death of protesters killed in the uprising that swept him from office. ... More »Egyptian lawyer denies that Mubarak spoke to paper

  • Egypt court to rule next month on challenge to upper house

    Reuters - Sun, May 12, 2013

    CAIRO (Reuters) - Egypt's highest court will rule next month on the legality of the upper house of parliament, judicial sources said on Sunday, in a case that throws more legal doubt over a political transition repeatedly disrupted by lawsuits. A ruling against the Muslim Brotherhood-led upper house by the Supreme Constitutional Court on June 2 could lead to the dissolution of the chamber and result in legislative power being transferred to President Mohamed Mursi. The case, brought by an independent parliamentary candidate, stems from a similar challenge to the lower house last year. ... More »Egypt court to rule next month on challenge to upper house

  • Greece invokes emergency powers to block teachers' strike

    Reuters - Sun, May 12, 2013

    ATHENS (Reuters) - Greece has threatened high school teachers with arrest if they go ahead with a nationwide strike that would disrupt university entrance exams that start this week, the official government gazette said. It is the third time this year that Prime Minister Antonis Samaras's government has invoked emergency law to force strikers back to work to try to show foreign lenders who bailed out Greece that the country is sticking to unpopular reforms. ... More »Greece invokes emergency powers to block teachers' strike

  • Mexico raises alert level for Popocatepetl volcano

    Reuters - Sun, May 12, 2013

    MEXICO CITY (Reuters) - Mexican authorities raised the alert level for the Popocatepetl volcano near Mexico City on Sunday morning after observing an increased level of explosive activity. The lava dome of Popocatepetl, some 50 miles (80 km) to the southeast of the capital, may expand and unleash increasingly powerful explosions of ash and lava, Mexico's National Center for Disaster Prevention said in a statement. The alert level for the towering volcano was raised to yellow phase three from yellow phase two, on orders from the country's Interior Ministry. ... More »Mexico raises alert level for Popocatepetl volcano

  • India IT watchdog investigating breach in ATM heist

    Reuters - Sun, May 12, 2013

    By Swati Pandey and Supantha Mukherjee MUMBAI/BANGALORE (Reuters) - The Indian government's cyber watchdog is investigating how security at two companies that are part of the country's vast IT services industry was breached in a global ATM heist that saw $45 million (29.2 million pounds) stolen from two banks in the Middle East. EnStage Inc, which operates from Bangalore, and ElectraCard Services, based in the Indian city of Pune, processed card payments for the two banks that were hit in the theft, several people familiar with the situation said. ... More »India IT watchdog investigating breach in ATM heist

  • End of siege fails to dispel Libyan security fears

    Reuters - Sun, May 12, 2013

    By Jessica Donati TRIPOLI (Reuters) - Gunmen have ended a siege of Libya's foreign and justice ministries but the two-week standoff has left many unresolved questions about the government's ability to impose its authority in the capital, let alone the restive east of the country. The episode heightened security concerns that prompted oil group BP, one of the biggest foreign companies active in Libya, to announce on Sunday it was withdrawing an unspecified number of employees from Tripoli. The U.S. and British governments had already pulled out some diplomats temporarily. ... More »End of siege fails to dispel Libyan security fears

  • Military Reservists: Small Firms Offered Cash

    Sky News - Sun, May 12, 2013

    The Defence Secretary has announced small businesses will receive money to compensate for employees called up for service as part of the new Reservists force. More »Military Reservists: Small Firms Offered Cash

  • Abu Dhabi's new financial zone to benefit Dubai - executive

    Reuters - Sun, May 12, 2013

    By Stanley Carvalho ABU DHABI (Reuters) - Abu Dhabi's planned financial zone will complement Dubai, which should benefit from a deepening of financial markets in the United Arab Emirates, a senior Abu Dhabi executive said on Sunday. "It brings complementarity to Dubai and to the region overall," Mahmood Ebraheem al Mahmood, chief executive and chairman of ADS Holding, said of Abu Dhabi's plan. In an interview, he noted that other successful financial centres operated in close proximity, such as Tokyo and Osaka, London-Frankfurt-Zurich, and New York and Chicago. ... More »Abu Dhabi's new financial zone to benefit Dubai - executive

  • Bilfinger to cut Europe dependence with Asia, U.S. push - magazine

    Reuters - Sun, May 12, 2013

    FRANKFURT (Reuters) - German construction and industrial services group Bilfinger SE plans to reduce its dependency on Europe by pushing expansion in Asia and the United States, Chief Executive Roland Koch told weekly magazine Wirtschaftswoche. Koch said that 80 percent of the company's business currently comes from Germany and Europe, adding that it has 850 million euros ($1.10 billion) at its disposal for acquisitions. Bilfinger wants to expand its industrial services and power station operations, as well as its business building power lines, Koch told the magazine. ... More »Bilfinger to cut Europe dependence with Asia, U.S. push - magazine

  • Union organiser shot dead in South Africa's restive platinum belt

    Reuters - Sun, May 12, 2013

    By Ed Stoddard JOHANNESBURG (Reuters) - A militant South African union said on Sunday that one of its organisers had been shot dead in the platinum belt city of Rustenburg, a potential flashpoint at a time when tensions are running high with job cuts and wage talks looming. The Association of Mineworkers and Construction Union (AMCU), which poached tens of thousands of disgruntled workers last year from the dominant National Union of Mineworkers (NUM), said the unnamed organiser had been killed on Saturday. ... More »Union organiser shot dead in South Africa's restive platinum belt

  • Netanyahu takes flak over bed on a plane

    Reuters - Sun, May 12, 2013

    JERUSALEM (Reuters) - Benjamin Netanyahu is changing his mid-air sleeping arrangements after a public flap over a $127,000 (82,650 pounds) custom-built bedroom for the Israeli prime minister and his wife on a flight to London last month. Israel's Channel 10 television reported the sum was tagged onto the $300,000 cost of chartering an El Al Boeing 767 that flew the couple and Netanyahu's entourage of aides and bodyguards to former British leader Margaret Thatcher's funeral. ... More »Netanyahu takes flak over bed on a plane

  • U.S. broadcast TV ratings slide pressures ad rates at "upfronts"

    Reuters - Sun, May 12, 2013

    By Lisa Richwine and Liana B. Baker (Reuters) - U.S. broadcast networks head into their biggest ad-selling season this week, competing with streaming services like Netflix, battling online players for ad dollars, and fending off hits starring zombies and duck hunters on cable. The increased competition will force ABC, CBS, Fox and NBC to settle for their lowest average rate hikes in three years during the "upfront" selling season, Wall Street analysts say. ... More »U.S. broadcast TV ratings slide pressures ad rates at "upfronts"

  • Some 800,000 people to need food aid in Niger - U.N.

    Reuters - Sun, May 12, 2013

    NIAMEY (Reuters) - Some 800,000 people will require food aid in Niger in the coming months despite a good harvest last year due to problems supplying cereals to markets, which have pushed up prices, and an influx of Malian refugees, the United Nations said. The U.N. office for humanitarian coordination (OCHA) said they would need food from now until the start of the rainy season, which is usually in July, July and August. It said the situation was critical in 13 regions surveyed by the government in March, where 84,000 people needed emergency food aid. ... More »Some 800,000 people to need food aid in Niger - U.N.

  • For banks in cyber heist, how to get their money back?

    Reuters - Sun, May 12, 2013

    By Joseph Ax NEW YORK (Reuters) - Because the sums were large and such attacks are relatively new, the two Middle East banks hit in a $45 million (29.2 million pounds) ATM heist face an uncertain path in trying to recover their losses, financial, insurance and legal experts say. Oman-based Bank of Muscat lost $40 million and United Arab Emirates-based National Bank of Ras Al Khaimah PSC (RAKBANK) lost $5 million in the global heist, U.S. prosecutors said on Thursday. ... More »For banks in cyber heist, how to get their money back?

  • Analysis - Google+ struggles to attract brands, some neglect to update

    Reuters - Sun, May 12, 2013

    By Alexei Oreskovic SAN FRANCISCO (Reuters) - To mark the Cinco de Mayo holiday this year, Domino's Pizza festooned its Facebook page with a string of posts, including an image of a Mexican-themed guacamole pizza that garnered over 2,000 "likes". But visitors to Domino's companion Google+ page on that day found less festive fare: The most recent post was from October 2012. Two years after introducing its social network, Google Inc is struggling to win over the brands and businesses that have been its most loyal customers in the Internet search market. ... More »Analysis - Google+ struggles to attract brands, some neglect to update

  • Vietnam politburo selects its first U.S.-educated member

    Reuters - Sun, May 12, 2013

    HANOI (Reuters) - Vietnam's ruling Communist Party has appointed for the first time a U.S.-educated official to its powerful politburo, a landmark decision as pressure mounts to reform an economy stagnating after years of boom growth. The top decision-making body of the party that has ruled Vietnam since 1975 voted to increase its membership and bring in Nguyen Thien Nhan, a deputy prime minister overseeing education, health and technology, it said on its website (dangcongsan.vn). ... More »Vietnam politburo selects its first U.S.-educated member

  • Deutsche Telekom says U.S. listing helps it "attack" rivals - paper

    Reuters - Sun, May 12, 2013

    FRANKFURT (Reuters) - Deutsche Telekom has given its U.S. operations more autonomy, positioning its business to compete better with bigger and smaller rivals, Chief Executive Rene Obermann told Germany's Welt am Sonntag newspaper. In an effort to turnaround its U.S. business, which has lost customers to AT&T and Verizon , the German telecoms provider floated its operations there after merging its T-Mobile USA unit with MetroPCS Communications. "We are once again on the attack and are winning customers. ... More »Deutsche Telekom says U.S. listing helps it "attack" rivals - paper

  • Two more people die of novel coronavirus in Saudi Arabia

    Reuters - Sun, May 12, 2013

    RIYADH (Reuters) - Two more people have died from novel coronavirus, a new strain of the virus similar to the one that caused SARS, in an outbreak in al-Ahsa region of Saudi Arabia, the deputy health minister for public health said on Sunday. Ziad Memish said that in the latest cluster of infections, 15 cases had been confirmed, and nine of those patients had died. (Reporting By Angus McDowall; Editing by Kevin Liffey) More »Two more people die of novel coronavirus in Saudi Arabia

  • Data in fraud compromised outside its environment - ElectraCard

    Reuters - Sun, May 12, 2013

    MUMBAI (Reuters) - India's ElectraCard Services said on Sunday that a data breach in a series of ATM fraud attacks in December appears to have happened outside of its "processing environment." According to a U.S. official and a bank employee, who both spoke on condition of anonymity, ElectraCard Services was the company that processed prepaid travel cards for National Bank of Ras Al Khaimah PSC (RAKBANK). RAKBANK suffered a $5 million (3.2 million pounds) coordinated heist at ATMs around the world on December 21 last year, according to the U.S. indictment. ... More »Data in fraud compromised outside its environment - ElectraCard

  • Royal Mail could be sold to foreign buyer - report

    Reuters - Sun, May 12, 2013

    LONDON (Reuters) - Britain's Royal Mail could fall into foreign hands if trade unions continue to fight plans to launch an initial public offering (IPO) of shares on the London Stock Exchange, Britain's Observer newspaper reported. In an interview with the paper, British business minister Michael Fallon said that several overseas buyers had expressed "significant interest" in buying the 497-year-old postal service. ... More »Royal Mail could be sold to foreign buyer - report

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