02072016Sun
Last update: Sun, 07 Feb 2016 01am

Europe

World - Europe

Turkish rates decision far from manufacturers' expectations ISTANBUL: Turkish Economy Minister Nihat Zeybekci said on his Twitter account on Wednesday that the central bank's rate decision a day earlier was near market expectations but it far from meeting the manufacturing sector's expectations. These levels in interest rates will make it harder to invest and to produce, Zeybekci said. The central bank cut its main one-week repo rate by 75 basis points to 8.75 percent on Tuesday, slightly more than expected, saying inflation was expected to start falling significantly from this month and that global liquidity conditions had recently improved. Copyright Reuters, 2014 ...

World - Europe

British PM sorry after ex-aide guilty in phone-hacking trial LONDON: A jury at London's Old Bailey will on Wednesday consider another count against Andy Coulson, former media chief of British Prime Minister David Cameron, following his earlier conviction for phone-hacking.Coulson was convicted on Tuesday but one-time Rupert Murdoch aide Rebekah Brooks was acquitted in a dramatic end to the News of the World trial.The jury will return Wednesday to consider two counts against Coulson and former colleague Clive Goodman over charges they purchased telephone ...

World - Europe

Putin moves to scrap option of invading Ukraine MOSCOW: Russian President Vladimir Putin on Tuesday asked the upper house of parliament to revoke a resolution allowing him to send troops into Ukraine, a Kremlin spokesman said. "In the aim of normalising the atmosphere and resolving the situation in the eastern regions of Ukraine and also in connection with the start of three-way negotiations on this issue, a request was sent to the Federation Council to cancel the resolution," Russian news agencies quoted spokesman ...

World - Europe

UK's Cameron set to apologise over ex-media chief guilty of phone-hacking LONDON: British Prime Minister David Cameron stands by a pledge to make "a profound apology" after his former media chief Andy Coulson was found guilty of being part of a phone-hacking conspiracy, the British leader's spokesman said on Tuesday.Political opponents have long questioned Cameron's judgment in hiring Coulson in 2007 after he resigned the editorship of Rupert Murdoch's now defunct News of the World newspaper when two of its employees were jailed for phone-hacking.Coulson denied ...

World - Europe

Turkey's ruling AK Party to announce presidential candidate on July 1 ISTANBUL: Turkey's ruling AK Party will announce its presidential candidate on July 1, a party official told Reuters on Tuesday. Prime Minister Tayyip Erdogan is expected to be named.Last week, the secularist Republican People's Party (CHP) and the Nationalist Movement Party (MHP) said they had agreed to nominate Ekmeleddin Ihsanoglu, who stepped down in December as head of the Organisation of Islamic Cooperation (OIC).Copyright AFP (Agence France-Presse), 2014 ...

World - Europe

Russia asks Twitter to block a dozen accounts MOSCOW: Russia asked Twitter on Monday to block access to a dozen accounts it deems "extremist", the head of the country's telecoms watchdog said, as Moscow seeks greater control over Internet sites based beyond its borders.The request to block the sites was made by the head of communications watchdog Roskomnadzor, Alexander Zharov, at a meeting with Colin Crowell, Twitter's head of global public policy where the two men discussed new Internet regulations.Following the talks, Zharov ...

World - Europe

Canada finance minister warns over global hunt for yield LONDON: Canada's finance minister Joe Oliver warned on Monday that investors could be mispricing risk as they hunt for better investment returns, and said policymakers should keep the issue under close review. Oliver is in London to promote trade and investment, and told Reuters in an interview that the global economy remained vulnerable to financial shocks. "We've said again and again ... that international financial markets are still fragile. Part of that is macroeconomic and ...