Wednesday, 19 June 2013 18:25
Posted by Muhammad Iqbal
BERLIN: US President Barack Obama said soaring youth unemployment called for a different tack to avoid "losing" a generation, after talks with German Chancellor Angela Merkel on Wednesday that touched on the eurozone crisis.Obama told a joint news conference with Merkel who with other European leaders is racing to tackle high youth unemployment in some EU countries that the goal of making the "lives of people better" must be kept in sight."All of us have to focus on growth and we have to make sure that in pursuit of our longer policies, whether it is fiscal consolidation or reforms of our overly rigid labour markets or our pensions that we don't lose sight of our main goal which is to make lives of people better," Obama said."If, for example, we start to see youth unemployment going too high, at some point we have got to modulate our approach to ensure ...
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BERLIN: US President Barack Obama said soaring youth unemployment called for a different tack to avoid "losing" a generation, after talks with German Chancellor Angela Merkel on Wednesday that touched on the eurozone crisis.Obama told a joint news conference with Merkel who with other European leaders is racing to tackle high youth unemployment in some EU countries that the goal of making the "lives of people better" must be kept in sight."All of us have to focus on growth and we have to make sure that in pursuit of our longer policies, whether it is fiscal consolidation or reforms of our overly rigid labour markets or our pensions that we don't lose sight of our main goal which is to make lives of people better," Obama said."If, for example, we start to see youth unemployment going too high, at some point we have got to modulate our approach to ensure ...
MOSCOW: Russia wants major new cuts in nuclear stockpiles to be proposed by US President Barack Obama on Wednesday to be expanded beyond Russia and the United States and include other nuclear armed states, a top Kremlin aide said."The process of cutting down nuclear potential should include other countries with nuclear weapons," Russian diplomats told Washington ahead of Obama's expected speech on the subject in Berlin, foreign policy aide Yury Ushakov said."The situation now is ...
LONDON: Iraqi Kurdistan will start a new oil pipeline to Turkey within months, its energy minister said, increasing the autonomous region's control over its resources in a dispute with Baghdad and raising its exports to world markets.In a move that will provoke Baghdad, the Kurdish regional government will complete the pipeline by the end of September with an initial capacity of 300,000 barrels per day (bpd), its energy minister, Ashti Hawrami, told a conference in ...
MOSCOW: More than six thousand people were evacuated overnight in central Russia after a series of massive explosions at an arms depot blew out windows and sparked a fire, the emergency situations ministry said Wednesday.The blasts began Tuesday night and continued for hours after being sparked by efforts to dispose of munitions at an arms depot close to the town of Chapayevsk in the Samara region around 1,000 kilometres (620 miles) from Moscow.The depot contained ...
BUENOS AIRES: President Cristina Kirchner suffered a defeat on Tuesday after Argentina's Supreme Court tossed out a bid to select officials to the country's top judicial panel by popular vote."It is not valid to force judges, attorneys and academics to be selected by popular vote," the court said in part of its 67-page finding.Kirchner had hoped to change rules for how judges are put on the Judicial Council, which is in charge of naming and ...
ISTANBUL: Turkish police detained dozens of people at their homes and raided two media offices on Tuesday in a coordinated operation across the country to clamp down on nearly three weeks of mass anti-government unrest, lawyers and local reports said.Officers raided the homes of around 90 members of the Socialist Party of the Oppressed (ESP), a small leftist group that has been active in Istanbul's Gezi Park protest at the centre of the nationwide protest ...
BUDAPEST: Hungary's government announced on Monday another round of austerity measures in the form of tax hikes even though its economic and budgetary prospects are looking brighter.The moves include raising a tax on financial transactions to 0.6 percent from 0.3 percent and a levy on financial transfers to 0.3 percent from 0.2 percent, Economy Minister Mihaly Varga said.A telecoms tax was also increased to three forints (0.0069 euros, $0.0046) per phone call or text message ...
