Developing

  • Syria fighters appeal 'not helpful'

    Press Association - 25 minutes ago

    An unprecedented police appeal calling on Muslim women to urge their relatives not to fight in Syria has been criticised as not helpful by a relative of a Briton killed in the war. More »Syria fighters appeal 'not helpful'

  • Debate 'quite encouraging' - Welby

    Press Association - 27 minutes ago

    The Archbishop of Canterbury has conceded that Britain is "certainly not" a Christian country in terms of the number of regular churchgoers, but its society and values had been "shaped and founded on" the religion. More »Debate 'quite encouraging' - Welby

  • Argentine congress OKs payoff to Repsol for YPF seizure

    AFP - 52 minutes ago

    Picture of the Repsol logo at the headquarters building taken in Madrid on November 21, 2008 More »Argentine congress OKs payoff to Repsol for YPF seizure

  • Turkey's Central Bank Defies Erdogan and Holds Interest Rates

    IB Times - 1 hour 14 minutes ago

    Turkey's central bank defied political pressure and held interest rates at the same level for another month, in a move that boosted the lira. Following a meeting of its Monetary Policy Committee, the bank said that its overnight lending rate will be 12%, its one-week repo rate will be 10% and its overnight borrowing rate will remain 8%. "Inflation expectations and pricing behaviour will be closely monitored and the tight monetary policy stance will be maintained until there is a significant improvement in the inflation outlook," the bank said in a statement. The bank has come under pressure from the Turkish Prime Minister Recap Tayyip Erdogan, who called for an interest rate cut in the wake of his party's local election victory. More »Turkey's Central Bank Defies Erdogan and Holds Interest Rates

  • Ukraine Crisis in Pictures: Kiev Troops Kill Pro-Russian Militants in Slaviansk

    IB Times - 1 hour 20 minutes ago

    Ukrainian government troops moved against pro-Russia forces in the east of the country, killing up to five of them in clashes at insurgent-held checkpoints in Slaviansk. More »Ukraine Crisis in Pictures: Kiev Troops Kill Pro-Russian Militants in Slaviansk

  • Spain's CaixaBank reports profits halved

    AFP - 1 hour 35 minutes ago

    CaixaBank's president Isidro Faine (R), and CaixaBank's General Director Juan Maria Nin (L) give a press conference in Barcelona on April 25, 2013, to present the company's results for the first three ... More »Spain's CaixaBank reports profits halved

  • Tech Giants Pledge $3.6M to Help Fund OpenSSL Following Heartbleed Bug

    IB Times - 1 hour 35 minutes ago

    A group of 12 technology companies including Intel, IBM, Facebook and Google have pledged $3.6 million (£2.1m) to help maintain under-funded open source software projects which are "essential to the global computing infrastructure" with OpenSSL - the software which caused the huge Heartbleed Bug - the first to receive funding. The full list of companies is Amazon Web Services, Cisco, Dell, Facebook, Fujitsu, Google, IBM, Intel, Microsoft, NetApp, Rackspace, and VMware, all of whom have pledged to commit at least $100,000 a year for at least three years to the Core Infrastructure Initiative. The announcement of the support comes after a couple of weeks when system administrators have been rushing to patch a vulnerable version of the OpenSSL library which caused what became known as the Heartbleed Bug and left millions of web users vulnerable to attack - potentially leaving sensitive information like passwords and credit card details open to attack. OSF president Steve Marquess noted that he is the only full time employee at the foundation, with the only other help coming from people working out of a sense of "responsibility and pride". More »Tech Giants Pledge $3.6M to Help Fund OpenSSL Following Heartbleed Bug

  • Ukraine Crisis: Donetsk People's Republic Declares 'Civil War' Following Government's …

    IB Times - 1 hour 36 minutes ago

    The separatist Donetsk People's Republic has declared civil war in Ukraine and called for a general mobilisation of force in the country's east, in retaliation for a government "anti-terror operation" in the city of Slaviansk. "A combined arms operation has been launched in Slaviansk. This means only one thing: a civil war," the leadership of the Donetsk People's Republic told Interfax news agency. According to the Ukrainian Interior Ministry, five pro-Russian militants were killed in the Slaviansk operation. More »Ukraine Crisis: Donetsk People's Republic Declares 'Civil War' Following Government's 'Anti-Terror Operation'

  • Platini: Manchester City and PSG Would not be Kicked Out of Champions League Under FFP

    IB Times - 1 hour 39 minutes ago

    Manchester City will not be kicked out of the Champions League next season even if they are found to be in breach of Financial Fair Play (FFP) rules. Uefa President Michel Platini has played down the punitive measure in an interview with French newspaper Le Parisien. Platini added that he was "not sure" if Paris St-Germain's sponsorship deal with Qatar Tourism Authority was against the rules. The European governing body is currently investigating whether 76 clubs, including City and PSG are in breach of FFP rules, set out to help encourage financial constraint in football. More »Platini: Manchester City and PSG Would not be Kicked Out of Champions League Under FFP

  • Armenia accuses Turkey of 'utter denial' on genocide

    AFP - 1 hour 45 minutes ago

    Armenian President Serzh Sarkisian on Thursday accused Turkey of an "utter denial" in failing to recognise World War I mass killings of Armenians in the Ottoman Empire as genocide, apparently brushing off Ankara's first ever offer of condolences for the tragedy. More »Armenia accuses Turkey of 'utter denial' on genocide

  • US envoy issues Libya extremist warning during visit

    AFP - 1 hour 50 minutes ago

    The second-ranking US diplomat warned on Thursday during a visit to Libya that the threat of extremism is an "enormous challenge" for the North African country and the international community. More »US envoy issues Libya extremist warning during visit

  • Sun and terror suspects: welcome to Guantanamo Bay

    AFP - 1 hour 56 minutes ago

    Under the searing Caribbean sun, iguanas lounge and the golf course is parched. "RoboCop" plays at an open-air movie theater and Big Macs are on sale at McDonald's. More »Sun and terror suspects: welcome to Guantanamo Bay

  • Russia: Gazprom Slaps Naftogaz in Ukraine With Multibillion Dollar Gas Bill

    IB Times - 1 hour 57 minutes ago

    Russian energy giant Gazprom has slapped Ukraine's Naftogaz with an extra $11.4bn gas bill, more than five times the sum originally demanded. Gazprom had previously demanded immediate payment of $.2.2bn worth of outstanding gas bills this month, while almost doubling the price it charges Ukraine for natural gas. The new figure will crank up the pressure on Kiev, after mooted four-way talks between Russia, Ukraine, the European Union and Slovakia failed to materialise on Wednesday. Last week Russian President Vladimir Putin proposed a meeting with European leaders to discuss energy in the light of the Ukraine crisis but no date has been set for talks and the diplomatic discord over Ukraine has escalated in recent days. More »Russia: Gazprom Slaps Naftogaz in Ukraine With Multibillion Dollar Gas Bill

  • Thailand Protests: 'Red Shirts' Poet and Pro-Government Activist Kamol Duangphasuk Shot Dead

    IB Times - 2 hours 3 minutes ago

    A prominent poet and pro-government activist has been killed in Thailand, as tensions continue to rise in the country. Kamol Duangphasuk, 45, was shot dead on 23 April by an unidentified gunman at Bangkok's Ladprao district. Human Rights Watch urged the Thai authorities to investigate Duangphasuk's murder. "The brutal and outrageous killing of poet and Red Shirt activist Kamol can only worsen the already tense political situation in Thailand," said Brad Adams, HRW Asia director. More »Thailand Protests: 'Red Shirts' Poet and Pro-Government Activist Kamol Duangphasuk Shot Dead

  • CIA Arms and Trains Syria Rebels Through Secret Jordan Programme

    IB Times - 2 hours 6 minutes ago

    The United States is siphoning weapons and providing combat training to moderate Syria rebels via a secret Central Intelligence Agency programme in Jordan. Growing US involvement has been propelled by continued strikes on rebel strongholds by Syrian president Bashar al-Assad's forces. The secret training programme may become more public in coming months, according to National Public Radio (NPR) sources. The covert strategy by American intelligence officials is geared towards pressuring a political settlement out of the Syrian regime as worries continue over Assad's growing strength in the three-year civil war. More »CIA Arms and Trains Syria Rebels Through Secret Jordan Programme

  • Putin: Ukraine 'Crime' Will Have Consequences

    Sky News - 2 hours 31 minutes ago

    Vladimir Putin has warned there will be "consequences" if Ukraine has used its army against pro-Russian activists. Ukraine's interior ministry said "up to five terrorists" have been killed in clashes during an operation to clear three checkpoints in the eastern town of Slavyansk. More »Putin: Ukraine 'Crime' Will Have Consequences

  • GM posts lower profit after recall; truck pricing strong

    Reuters - 2 hours 33 minutes ago

    By Ben Klayman and Bernie Woodall DETROIT (Reuters) - General Motors Co said on Thursday that first-quarter profit tumbled 88 percent after a massive recall due to defective ignition switches, but results still topped expectations on strong pricing for its redesigned pickup trucks in North America. The quarter included a previously disclosed charge of $1.3 billion (774.4 million pounds) for the recall, and Chief Financial Officer Chuck Stevens said it was too early to predict whether GM would take more charges. He also said it was still studying its options for the victims of the faulty switches. The faulty switches are linked to at least 13 deaths. More »GM posts lower profit after recall; truck pricing strong

  • Top Asian News at 12:30 p.m. GMT

    Associated Press - 2 hours 35 minutes ago

    TOKYO (AP) — As negotiators struggle, President Barack Obama is rejecting suggestions that an Asia-Pacific trade deal is in danger and says the U.S. and Japan must take bold steps to overcome differences that are threatening completion of the cornerstone of his strategic rebalance to the region. Illustrating those difficulties, the top Japanese negotiator said Thursday that talks had come to a stop only to have a U.S. official later say that discussions would continue. More »Top Asian News at 12:30 p.m. GMT

  • Embattled South Sudan president replaces army chief

    Reuters - 2 hours 35 minutes ago

    By Carl Odera JUBA (Reuters) - South Sudan's President Salva Kiir has sacked his army chief, a military spokesman said, replacing him with a loyalist from his own ethnic group as the country's four-month conflict shows signs of being increasingly fought along tribal lines. Kiir also replaced his head of intelligence, days after government troops were routed from a major oil hub by rebels loyal to Kiir's former deputy Riek Machar, and hundreds of civilians were massacred. Army spokesman Philip Aguer said General Paul Malong, a stalwart of the Sudan People's Liberation Army (SPLA), had replaced army chief General James Hoth Mai. Mai was the most prominent Nuer within the SPLA, a former guerrilla force which became the national army of the south after the end of the civil war with Sudan in 2005. More »Embattled South Sudan president replaces army chief

  • Lib-Dems Clegg and Alexander Engage in Some Macho Politics as Polls Close in

    IB Times - 2 hours 39 minutes ago

    Perhaps it is a sense of having little left to lose that has sparked the recent outbreak of macho politics coming from the Liberal Democrats. But in the space of two days the party has defiantly threatened to bring down any Tory or Labour minority government after the general election, unless they are included in a coalition government. Nick Clegg's wife Miriam Durantez clearly has a point when she suggests her husband has "cojones" and the same can now be said of his colleague, Danny Alexander, who has launched a pre-emptive strike over any post-election deals in the event of another hung parliament. Branding Ukip "populists and xenophobes", he said they had to be stopped and it was up to him to do it as the other two parties were "missing in action" because they were running scared of Nigel Farage. More »Lib-Dems Clegg and Alexander Engage in Some Macho Politics as Polls Close in

  • Private equity firm KKR's first-quarter earnings drop 3 percent on fund values

    Reuters - 2 hours 42 minutes ago

    By Greg Roumeliotis NEW YORK (Reuters) - Private equity firm KKR & Co LP on Thursday reported a 3 percent year-on-year drop in first-quarter profit due to a lower appreciation of its investments, overshadowing a near-doubling in fees it received for managing assets and doing deals. The drop in KKR's earnings, however, was much less than most analysts expected, and the firm's first-quarter dividend, up 59 percent year-on-year on higher proceeds from asset sales, also exceeded most analysts' forecasts. KKR's private equity funds appreciated by 4.5 percent in the quarter, more than the wider market but less than the 7 percent appreciation of peer Blackstone Group LP's buyout funds in the same quarter and the 5.9 percent appreciation KKR saw in the first quarter of 2013. Economic net income (ENI), KKR's headline earnings metric that takes into account the mark-to-market valuation of its assets, was $630.3 million (375.3 million pounds) in the first quarter of 2014, down from $647.7 million a year ago, the New York-based firm said. More »Private equity firm KKR's first-quarter earnings drop 3 percent on fund values

  • Ukraine forces say kill separatists in Slaviansk operation

    Reuters - 2 hours 43 minutes ago

    By Aleksandar Vasovic and Gleb Garanich SLAVIANSK, Ukraine (Reuters) - Ukrainian forces said they had killed several pro-Russian militants in clashes as they closed in on the separatist-held city of Slaviansk on Thursday, seizing rebel checkpoints and setting up roadblocks as helicopters circled overhead. Reuters journalists saw a Ukrainian detachment with five armoured personnel carriers take over a checkpoint on a road north of the city in late morning after it was abandoned by separatists who set tyres alight to cover their retreat. Earlier, the Ukrainian Interior Ministry said its forces and troops from the Defence Ministry had killed "up to five terrorists" while destroying three militant checkpoints northeast of the centre. A separatist spokeswoman in Slaviansk said early in the morning that two fighters had been killed in a clash in the same area, near a road leading to the town of Sviatogorsk. More »Ukraine forces say kill separatists in Slaviansk operation

  • Groups Claim Chemicals Used in Apple/Samsung Factories Cause Cancer Deaths

    IB Times - 2 hours 43 minutes ago

    Advocacy groups have claimed that chemicals being used in processor chip factories which supply Apple and Samsung are causing workers to develop leukaemia and non-Hodgkin lymphoma. It is alleged that the companies have so far ignored the working conditions that are believed to have resulted in more than 100 victims of these diseases, with talks between Samsung and a workers' rights group to discuss the issue reportedly brought to a halt by the South Korean firm. Carcinogenic chemicals that include benzene and trichloroethylene, both associated with causing these types of cancer, are apparently circulated in dust-free 'clean rooms' used to assemble semiconductors in various Apple and Samsung factories in South Korea and China. In 2012 research was undertaken into 17 workers at Samsung's own Giheung semiconductor plant in South Korea that had contracted cancer while working in the clean rooms. More »Groups Claim Chemicals Used in Apple/Samsung Factories Cause Cancer Deaths

  • Labour Looks At Breaking Ties With Co-op Bank

    Sky News - 2 hours 43 minutes ago

    Labour is considering breaking its historic links with the struggling Co-operative Bank. The party has confirmed it is "reviewing its financial arrangements", insisting it is for commercial reasons. It is reported Labour is looking to move loans worth more than £1m to the trade union-owned Unity Trust Bank. Co-op Bank is in the process of selling its 27% stake in the Unity Trust Bank. More »Labour Looks At Breaking Ties With Co-op Bank

  • Anti-graft group accuses EU of complacency on corruption

    Reuters - 2 hours 44 minutes ago

    By John O'Donnell BRUSSELS (Reuters) - European lobbyists carry out much of their work in secrecy and there is widespread complacency in Brussels about tackling corruption or conflicts of interest, Transparency International said on Thursday. In the first report of its kind, the anti-graft campaign group shone an unflattering light on the bodies that draft and police law for the European Union's 28 member states, concluding their lack of interest could prompt more corruption scandals. The criticism of institutions such as the European Parliament, which researchers said had refused to cooperate with the study, may provide further ammunition to eurosceptics, who are already on track to widen support in EU elections in May. "The rule book is there to prevent corruption or conflicts of interest but the rules are not enforced," said Carl Dolan, one of the experts involved in the study. More »Anti-graft group accuses EU of complacency on corruption

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