Source Match International News
European Union nations will decide on new sanctions against Moscow by Friday, with Russian aggression towards Ukraine requiring the strongest possible response, incoming EU foreign affairs chief Federica Mogherini said. Mogherini, currently the Italian foreign minister, said Russia could no longer be considered a "strategic partner" for the west and urged NATO to reassure eastern European nations that they would be protected from attack. Leaders of the 28-member EU decided at a summit on Saturday to impose new sanctions against Russia, after alleging that Moscow had deployed troops and weapons to back a rebel counter-offensive in southeast Ukraine.
Pakistan's interior minister on Tuesday slammed violent anti-government protests as a "revolt against the state" as lawmakers backed beleaguered Prime Minister Nawaz Sharif. Sharif has resisted calls for him to go but protest leaders Imran Khan and Tahir-ul-Qadri have refused to back down, raising political tensions to fever pitch. Khan, who leads the Pakistan Tehreek-e-Insaaf (PTI) opposition party, claims the May 2013 election that swept Sharif to power in a landslide was rigged.
By Foo Yun Chee BRUSSELS (Reuters) - Italian airline Alitalia and Etihad Airways are expected to win clearance for their tie-up by the end of the year with minor concessions, a person familiar with the matter said on Tuesday. Abu Dhabi-based Etihad clinched a deal last month to buy 49 percent of lossmaking Alitalia for 1.76 billion euros ($2.31 billion), giving it access to Europe's fourth-largest travel market and 25 million passengers. Cash-rich Etihad, which has minority stakes in Air Berlin , Ireland's Aer Lingus , Virgin Australia and other global airlines, would be the largest single shareholder in Alitalia after the deal.
US forces have carried out air strikes against the leader of Somalia's Al-Qaeda-linked Shebab rebels, with casualties reported but uncertainty hanging over the fate of the main target, officials said Tuesday. The Pentagon confirmed an "operation" was carried out on Monday against the hardline militia, and that it was "assessing the results". "The Americans carried out a major air strike targeting a gathering by senior Al-Shebab officials, including their leader Abu-Zubayr," said Abdukadir Mohamed Nur, governor for southern Somalia's Lower Shabelle region. Abu-Zubayr is the often-used name for Shebab supreme commander Ahmed Abdi Godane, listed by the US State Department as one of the world's eight top terror fugitives.
By Syed Raza Hassan and Maria Golovnina ISLAMABAD (Reuters) - Pakistan's parliament threw its weight behind embattled Prime Minister Nawaz Sharif on Tuesday as a deepening crisis over violent protests demanding his resignation prompted fears of an army intervention. Sharif, who enjoys a solid majority in parliament, convened a joint session of the assembly as he seeks to reaffirm that he is fully in control more than two weeks after protests seeking to bring down his government erupted in the coup-prone nation. ... They are not revolutionaries, they are intruders and terrorists," he said of the protesters. Pakistan has been in turmoil since mid-August when tens of thousands of protesters led by Khan, a former hero cricket player, and outspoken cleric Tahir ul-Qadri flooded into the capital Islamabad, refusing to leave unless Sharif resigns.
French actress Julie Gayet, whose affair with President Francois Hollande made headlines worldwide, on Tuesday won a privacy case against a photographer who snapped her in her car. A court in the western Paris suburb of Nanterre also fined two senior executives of French glossy magazine Closer, which splashed the photograph only a week after revealing the affair in early January. The court handed paparazzo Laurent Viers a suspended fine of 1,000 euros (1,300) for taking the photo, which Closer splashed with the caption: "It's in her white Citroen that Julie Gayet meets the president." Carmine Perna, director general of Closer publisher Mondadori Magazines France, and the magazine's editor-in-chief Laurence Pieau both received suspended fines of 3,000 euros.
By Jeffrey Heller JERUSALEM (Reuters) - A week after the guns fell silent in the Gaza war, Israel and the Palestinians seem to have little appetite or incentive for a return to U.S.-sponsored peace and statehood talks that collapsed five months ago. With conflicts raging in Ukraine, Iraq and Syria - and the future of the Gaza Strip largely uncharted by a broadbrush Egyptian-mediated ceasefire deal - world powers also are not rushing headlong into the Israeli-Palestinian stalemate. The parties themselves, Prime Minister Benjamin Netanyahu's bickering governing coalition and Palestinian President Mahmoud Abbas, are on a collision course over threatened Palestinian unilateral moves toward statehood and exploration of war crimes prosecution against Israel in the absence of direct talks. Israel drew Palestinian and international criticism on Sunday by announcing a major appropriation of occupied land in the West Bank, the most significant such move in 30 years.
London mayor Boris Johnson's grand plan for a new airport in the Thames Estuary was rejected on Tuesday, leaving few options on the cards for the city to stay an international hub. The Airports Commission turned down the idea in a report, with its director Howard Davies saying the island airport proposal had "attraction" but would be too costly and complicated. Johnson had backed replacing Heathrow with the construction of four runways some 50 kilometres (31 miles) east of the city by 2030 -- a project referred to as "Boris Island". Davies was quoted in the report saying the proposal would "remove the aviation noise nuisance from many west London residents" and would be far from residential areas.
By Ben Hirschler BARCELONA (Reuters) - Though speculation is rife of a new Pfizer bid, AstraZeneca's chief executive is not holed up with advisers in London or New York. Instead, he has spent the last three days immersed in heart science in Barcelona. "The only thing I can tell you is I am here - and imagine where I would be if something was happening!" Pascal Soriot told Reuters on the sidelines of the European Society of Cardiology congress, the world's largest heart meeting. Strict British takeover rules limit what Soriot and other players can say about Pfizer's abortive attempt to buy AstraZeneca and the possibility of a resumption of talks.
By Vladimir Soldatkin VOSTOCHNY Russia (Reuters) - President Vladimir Putin on Tuesday ordered construction sped up on a multi-billion-dollar spaceport in Russia's Far East that he said would break reliance on the Baikonur cosmodrome in Kazakhstan and launch future missions to the Moon and Mars. Putin flew in a helicopter over the sprawling building site in Vostochny at a time when conflict with Ukraine, maker of Zenit and Dnepr rockets, is highlighting the fragility of Russia's dependence on former Soviet republics in defense and space. Building a new launchpad on its own soil is central to Putin's effort to reform a once-pioneering space industry hobbled by years of budget cuts and a brain drain in the 1990s. "Our own space infrastructure and modern network of cosmodromes ... will allow Russia to strengthen its standing as a leading space superpower and guarantee the independence of space activities," Putin said at Vostochny, near Russia's border with China.
By Lanre Ola MAIDUGURI Nigeria (Reuters) - Islamist Boko Haram insurgents have overrun much of a northeastern Nigerian town after hours of fighting that has killed scores and displaced thousands of residents, several security sources said on Tuesday. The Islamists launched an attack on the town of Bama, 70 km (45 miles) from the Borno state capital of Maiduguri, on Monday. Nigeria's defense spokesman did not immediately respond to a request for comment. In a bungled air strike, several Nigerian troops were killed at the Bama armory by a fighter jet targeting the insurgents, a soldier on the ground told Reuters.
Goldman Sachs cut its price target on Bombardier Inc and reiterated a "sell" rating on shares of the train and plane maker on Tuesday, warning it expected the CSeries aircraft's entry into service to be delayed again. Goldman's price cut came just days after a Swedish carrier backed out as the first customer to start commercial flights with its new CSeries jet. Malmo Aviation, owned by Sweden's Braathens Aviation, was slated to be the first CSeries customer to take delivery of the new jet in the second half of 2015, but the airline said on Friday that will no longer be the case. "We believe the CSeries will negatively impact Bombardier's financial results and create negative catalysts for the next several years," Goldman analyst Noah Poponak said in a note to clients.
Dollar General Corp raised its bid for Family Dollar Stores Inc to $80 per share, or $9.1 billion, and warned it may turn hostile and appeal directly to shareholders if the new offer was rejected. Family Dollar opted instead for an $8.5 billion cash-and-stock bid from Dollar Tree Inc . Family Dollar's shares were up almost 1 percent at $80.52 in premarket trading on Tuesday, above Dollar General's offer, suggesting some investors held hopes of higher offers. Shares of Dollar General, which increased its all-cash offer by 2 percent, were up 2.3 percent.
The world isn't what it used to be.Prior to Generation X you could get and maintain a well-paying job and stay there for 20-40 years. Those days are long gone. As we move from one generation to the next, parents pass along life advice to their children hoping to inspire them to achieve what they did and more. That was the model for parenting...
A record 4.1 million people in Syria received food rations in August due to more convoys being able to cross front lines and borders from Turkey and Jordan, the U.N.'s World Food Program (WFP) said on Tuesday. "We are reaching more people every day with urgently needed food assistance – many of them have been going hungry for months," Muhannad Hadi, WFP's regional emergency coordinator for the Syria crisis, said in a statement. Over the last six weeks, WFP and partner agencies have crossed front lines to reach more than 580,000 people, over four times the 137,000 reached in the preceding six weeks, it said. "Since July 25, a total of five cross-border convoys, via the Bab Al Salam crossing from Turkey and Al Ramtha from Jordan, carried food rations including rice, lentils, oil, pasta, bulgur, canned food, wheat flour, beans, salt and sugar for 69,500 people in the hard-to-reach areas of Aleppo, Idlib, Quneitra and Deraa governorates," the WFP statement said.
By Linda Sieg and Tetsushi Kajimoto TOKYO (Reuters) - Prime Minister Shinzo Abe's plan for Japan's economy to generate self-sustained growth on the back of his three policy "arrows" of massive monetary easing, spending and reform appears to be faltering - but no magic solution is in sight. Abe's aides and advisers are promising to forge ahead with painful structural reforms, while spreading the benefits of "Abenomics" to regional areas and drafting a long-term vision for addressing Japan's shrinking population. Failure could leave Japan's economy stuck in a low-growth mode or worse, unable to begin to curb public debt already more than twice the size of a $5 trillion economy, the biggest burden in the industrialized world. Most voters favor delaying next year's sales tax rise to 10 percent after an initial hike in April to 8 percent from 5 percent dented a fragile recovery.
By Eva Taylor FRANKFURT (Reuters) - Expectations for further policy action at the European Central Bank's meeting on Thursday are running high after ECB President Mario Draghi pledged to use all available tools to keep prices in check. Draghi told a central bank conference in Jackson Hole on Aug. 22 that financial market inflation expectations were falling significantly and the ECB would use "all available instruments needed to ensure price stability". In a dramatic departure from debt-cutting orthodoxy, he also said there was scope for fiscal policy - more government spending - to play a greater role in reviving growth, an apparent acknowledgement of the limits of the ECB's powers.
McDonald's Corp will increase the number of audits it conducts of suppliers in China, the firm said on Tuesday, after a food scandal in July dented China sales at the U.S. Industry insiders had told Reuters that suppliers in China often knew about audits in advance. McDonald's will push for more video monitoring at its Chinese suppliers and send more quality control specialists to all meat production facilities, it added. The firm has also created a new role to oversee food safety governance in China and will launch a hotline later this year for whistleblowers to report food safety issues.
House Majority Leader Eric Cantor will join investment bank Moelis & Co as vice chairman and managing director, the company said, adding that Cantor will also be elected to its board. Cantor, who was defeated in June by a Tea Party challenger in a Republican primary election, will provide strategic counsel to the company's corporate and institutional clients on key issues, Moelis said. "Eric has proven himself to be a pro-business advocate and one who will enhance our boardroom discussions with CEOs and senior management as we help them navigate their most important strategic decisions," Moelis CEO Ken Moelis said in a statement. Cantor, the No.2 Republican in the House of Representatives, was beaten by college economics professor David Brat, who accused Cantor of betraying conservative principles on spending, debt and immigration.