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Russia raises deficit forecasts wont balance books by 2015
* Deficit seen at 0.6 pct of GDP in 2014, 0.7 pct in 2015 * Putin promised balanced budget by 2015 * Finance Ministry says spending will remain constrained By Maya Dyakina MOSCOW, May 22 (Reuters) - Russia is likely to run a budget deficit at least until 2016, the Finance Ministry said on Wednesday, a decision that would break a pre-election promise of President Vladimir Putin to balance the ...
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Official Says Treasury Department Had No Role in IRS Targeting
The Treasury Department's number-two official said his agency played no role in the Internal Revenue Service's targeting of conservative groups. The U.S. tax collecting agency has revealed it subjected Tea Party and other conservative groups seeking non-profit status to extra scrutiny from 2010-2012. In a prepared statement to the House Oversight and Government Reform Committee, ...
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Fresh Clashes Conflicting Claims in Afghanistans Helmand Province
Fighting between Taliban militants and Afghan government forces has erupted in a highly-volatile corner of Helmand province but the extent of the violence is ...
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Russia’s counter-intelligence arrests turns over CIA agent in Moscow
Geostrategy-Direct.com Russia's Federal Security Service [FSB] announced on May 14 that it had caught a CIA agent in Moscow red-handed in the process of recruiting a Russian man who was in fact a FSB undercover ...
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Pope issues first appeal for Chinese Catholics
VATICAN CITY -; Pope Francis has issued his first appeal directed at Catholics in China, long the source of concern for his predecessor Benedict ...
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Eight Arrested on Third Day of Riots in Stockholm
Stockholm, May 22 (Prensa Latina) At least eight people were arrested today in the third day of riots on the outskirts of the capital, where young people, mostly immigrants, burned around 30 cars and clashed with police. Riots have extended now beyond the eastern town of Husby, where last week police shot and killed a 69 year old immigrant with mental health problems who allegedly threatened ...
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Frances Hollande says EU seeks automatic tax data sharing
BRUSSELS | Wed May 22, 2013 11:43am EDT BRUSSELS May 22 (Reuters) - French President Francois Hollande said on Wednesday that European countries would start working in June on an automatic exchange of tax information, in a bid to recoup some of the billions of euros lost in tax evasion each year. Hollande told a news conference following a four-hour summit of European leaders that the ...
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Two people shot in South East London
22 May 2013 Two people have been shot in Woolwich, south east London, after armed police were called to an incident in which a man wearing a Help for Heroes t-shirt was attacked with a machete-style knife and dumped in the street, eyewitnesses ...
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European shares rise on Bernanke stimulus comments
LONDON | Wed May 22, 2013 11:37am EDT LONDON May 22 (Reuters) - European equities climbed to a new five-year high on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would retain its monetary stimulus measures until the economy improved. Analysts stayed positive on the stock market's near-term outlook and said the recent gains were likely to continue and ...
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Captain in Italy cruise ship crash faces July trial
The captain of the Costa Concordia cruise ship will go on trial from July 9 for manslaughter over the January 2012 disaster in which 32 people lost their lives, an Italian judge ruled on ...
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Europes tax haven Ireland faces criticism over Apples tax bill
The Republic of Ireland has called for an international clampdown on multinationals shifting profits around the world to avoid tax, after criticism that Irish loopholes helped technology giant Apple to shrink its tax ...
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German chancellor Angela Merkel named most powerful woman in the world by Forbes - again
German chancellor Angela Merkel has been named as the most powerful woman in the world by business magazine Forbes for the third year ...
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Suicide on Paris cathedral altar stirs Frances far right
(Facebook) The public suicide in Paris of Dominique Venner, a 78-year-old right-wing French historian and essayist, has stirred a strong political reaction in the country. Some 1,500 visitors were cleared out of Notre Dame Cathedral after a man put a letter on the altar of the 850-year-old monument Tuesday, then pulled out a gun and shot himself in the head, three days after a law legalizing ...
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Germany takes bilateral paths to tackle EU jobs crisis
By Annika Breidthardt BERLIN (Reuters) - Germany is banking on bilateral deals to fight record youth unemployment in the euro zone, agreeing to cooperate with several countries to bypass pan-European bureaucracy. On Wednesday, Finance ...
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Does France have right revival plan
PARIS - The man charged with reviving France’s shrinking economy and attracting businesses to invest there is gaining a reputation for doing the opposite. As the country’s first-ever minister for industrial renewal, Arnaud Montebourg has told the world’s largest steelmaker it is not welcome in France; exchanged angry letters with the head of an American tire company he was ...
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Russia says Assads foes lack commitment to peace talks
MOSCOW (Reuters) - Russia said on Wednesday that the Syrian opposition had not yet shown enough commitment to efforts to arrange a peace conference with ...
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Turkish court sentences 4 people to 83 years each over bootleg liquor deaths
ANKARA, Turkey - Turkey's state-run news agency says a Turkish court has sentenced four people to 83 years in prison each for the deaths of five Russians from bootleg alcohol poisoning. The Russians died in 2011 after consuming bootleg liquor during a yacht tour in the Aegean Sea. They were in Turkey training to be tour guides. The Anadolu Agency said Wednesday that a court convicted four ...
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Giroud wants better European showing from Arsenal
Having secured UEFA Champions League qualification with a 1-0 victory over Newcastle United on Sunday, Giroud is demanding that Arsenal become a force in Europe in the 2013-14 ...
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Syrian minister refutes Turkish claim that groups backing Assad are behind twin bombings that killed at least …
Turkey has accused groups supporting the Syrian regime of carrying out two car bombings that killed at least 46 people and injured dozens in a border town, the interior minister said.The blast occurred on Saturday in a crowded area of the small town of Reyhanli in the southern Turkish province of Hatay, just a few kilometres from the main border crossing into Syria.The interior minister told Al ...
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U.S. Senate leader eases pressure on Myanmar
Thein Sein and said he's seen significant progress in political and economic reforms. However, he also said he had concerns about the security situation in Myanmar. McConnell, R-Ky., who sponsored legislation that placed economic sanctions on Myanmar, said he wasn't going to press the issue further because of political reforms. "I will not be making an effort to renew those ...
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Francis Meets with Prime Minister Mariano Rajoy Brey of Spain
Current Economic Situation, Importance of Marriage and Family Among Topic DiscussedBy Junno Arocho EstevesVATICAN CITY, April 16, 2013 (Zenit.org) - Yesterday, Pope Francis met with Mariano Rajoy Brey, prime minister of Spain at the Vatican Apostolic Palace.The Spanish Prime Minister met later on with Cardinal Tarcisio Bertone, the Vatican Secretary of State, who was accompanied by Archbishop ...
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Euro falls to session low vs dollar
NEW YORK | Wed May 22, 2013 11:06am EDT NEW YORK May 22 (Reuters) - The euro fell to a session low against the dollar on Wednesday after Federal Reserve Chairman Ben Bernanke warned that holding interest rates too low for too long has its risks. Trading was volatile with investors first selling, then buying the dollar as they digested Bernanke's testimony to Congress. The euro was ...
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New Issue- ABN AMRO prices 1.0 bln euro 2023 bond
Wed May 22, 2013 10:48am EDT May 22(Reuters) -Following are terms and conditions of a bond priced on Wednesday. Borrower ABN AMRO Bank NV Issue Amount 1.0 billion ...
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NBC FBI Kills Man Linked to Boston Bombing Suspect
MIAMI -- An FBI agent shot and killed a Florida man with suspected links to the Boston Marathon bombings early on Wednesday, NBC News reported. NBC said the suspect was being questioned and was originally cooperative, but was fatally shot after attacking the agent. ...
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Syrian Troops Show Strength Ahead of Peace Talks
AMMAN -- The Syrian government says it has made significant progress in recapturing territory from opposition forces, even as it apparently prepares to take part in planned peace talks next month. The government offensive against the former rebel stronghold Qusair comes ahead of a peace conference next month aimed at bringing both sides in the conflict to the negotiating table. Some ...
Turkey Digest
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Turkey remains bridge between civilisations in railway plans
Turkey is often described as the gateway between two great civilisations, this is a theme employed commonly in our promotional material to encourage tourism and it has been invoked as part of the rhetoric used in ongoing efforts to join the EU, but the fact remains that Turkey is a key player in the world of geopolitics and this is seen most clearly in two major railway projects currently being planned between three regions of the world.
Turkey’s largest city, Istanbul, is famous for being the only metropolitan region in the world that spans two continents, sitting as it does in both between Asia and Europe. This idiosyncrasy of the city has made it a popular tourist destination due to the diversity of culture and architecture, but on a wider scale, the geopolitical significance of Turkey is growing and will indeed grow further if two major infrastructure plans in the Middle East and Asia take shape in the next few decades. Read more
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