Thursday, 8 November 2012

Latest Headlines:





Chinese President Hu Jintao delivers a speech during the opening ceremony of 18th National Congress of the Communist Party of China at the Great Hall of the People in Beijing, November 8, 2012. REUTERS/Jason Lee

China's Hu Jintao warns graft threatens state

BEIJING - Outgoing Chinese President Hu Jintao warns that corruption threatens the ruling Communist Party and the state, but says the party must stay in charge as it battles growing social unrest. Full Article | Video

Bank of England likely to opt against more stimulus in tight vote 12:10am GMT

LONDON - The Bank of England is likely to opt narrowly against another cash injection to support the economy on Thursday despite a fragile recovery, as some policymakers worry about inflation.


U.S. President Barack Obama and first lady Michelle Obama wave from Air Force One in Chicago, November 7, 2012 following the U.S. presidential election. REUTERS/Jason Reed

Obama, buoyed by win, faces new battles

WASHINGTON - President Barack Obama has little time to savour victory after voters gave him a second term in the White House where he faces urgent economic challenges, a looming fiscal showdown and a still-divided Congress able to block his every move. Full Article
Panasonic Corp's President Kazuhiro Tsuga tries out Sony Corp's HMZ-T2 personal 3D viewer during a visit to Sony's booth at CEATEC JAPAN 2012 electronics show in Chiba, east of Tokyo, October 2, 2012.  REUTERS/Yuriko Nakao

Panasonic chief looks to force turnaround

TOKYO - With local rivals Sony and Sharp, Panasonic is battling a death spiral of crushed demand in an anaemic global economy, intense competition, a bloated business portfolio and weakened finances. Full Article
A man walks in front of a burning  Muslim Brotherhood bus during clashes between supporters and opponents of President Mohamed Mursi in Tahrir square in Cairo, October 12, 2012. REUTERS/Mohamed Abd El Ghany

Religious conflict rising on Egypt's streets

CAIRO - Four months since Egypt elected veteran Muslim Brotherhood politician Mohamed Mursi as president, human rights activists say hardliners are trying to impose Islamism, leading some Egyptians to protest against the constitution. Full Article | Related Story
A 45-bedroom mansion that had belonged to former Lebanese Prime Minister Rafik al-Hariri until his assasination in 2005, and is now on sale for a price tag of between 200 and 300 million pounds (322 million to 483 million US dollars), is seen in the upscale Knightsbridge neighbourhood of London November 5, 2012. REUTERS/Stefan Wermuth

MidEast buyers snap up luxury London homes

Middle Eastern buyers piled into London's luxury home market in October as they shielded their wealth from political turmoil back home, including the Syrian civil war. Full Article
A police officer patrols as a boy looks on in the Paraisopolis favela during a security operation in Sao Paulo November 6, 2012. REUTERS/Nacho Doce

Drug battle triggers police murders in Sao Paulo

SAO PAULO - The murder of a police officer in front of her daughter in Sao Paulo, Brazil's biggest city, has increased pressure on President Dilma Rousseff and local authorities to halt a drug-related crime wave in which dozens of police have died. Full Article
Growth technician Mike Lottman moves through the marijuana plants in a medical marijuana center in Denver April 2, 2012. REUTERS/Rick Wilking

First U.S. states legalize recreational pot

DENVER/SEATTLE - Colorado and Washington become the first U.S. states to legalize the possession and sale of marijuana for recreational use in defiance of federal law, setting the stage for a possible showdown with the Obama administration. Full Article

Siemens CEO: Productivity is key to cost cutting

Siemens CEO Peter Loescher says improving productivity is the key to cost savings in a sluggish global economic environment but admits job cuts will have to be made too.


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