LONDON (Reuters) – British inflation is likely to be significantly higher over the next 18 months than expected in August, Bank of England forecasts showed on Wednesday, posing a barrier to further policy stimulus. Following are comments from the Bank of England’s news conference with governor Mervyn King: KING ON INFLATION AND SLOW RECOVERY “We face the rather unappealing combination of a subdued recovery with inflation remaining above target for a while. …
Qaeda chief rejects nation states, U.N. as conflict mediator
DUBAI (Reuters) – Al Qaeda’s leader has rejected the notion of nation states and any United Nations role in arbitrating solutions to conflict – long the pillars of international order – in a document outlining how Muslims should run their affairs. The statement by Ayman al-Zawahri, entitled “Supporting Islam” and posted by the jihadi militants’ publishing arm on an Islamist website, also calls for the re-establishment of the medieval Islamic Caliphate to unite Muslims. …
Israel: Palestinian UN bid could threaten accords
An Israeli Foreign Ministry document says the country has instructed its diplomats to warn other governments that historic Mideast peace accords could be nullified if the Palestinians seek international recognition at the United Nations this month.
BoE raises short-run CPI forecast, sees sluggish growth
LONDON (Reuters) – British inflation is likely to be significantly higher over the next 18 months than expected in August, Bank of England forecasts showed on Wednesday, posing a barrier to further policy stimulus. In its quarterly Inflation Re port, the central bank's projections showed it would take until the third quarter of 2014 before inflation fell below its 2 percent target, nine months later than predicted in August, despite sluggish growth. The Bank forecasts come a day after official data showed the biggest jump in inflation in more than a year, to 2. … Turkey villages evacuated due to Syria fighting
Turkish media say three villages along Turkey’s border with Syria have been evacuated to protect villagers from any spillover of fighting between Syrian government forces and rebels.
IMF's Lagarde says "nowhere to hide" as slowdown affects Asia
KUALA LUMPUR (Reuters) – There is "nowhere to hide" in the global economy as a slowdown in Europe and other advanced countries spreads to Asia and uncertainty lingers over the U.S. "fiscal cliff," International Monetary Fund Managing Director Christine Lagarde said on Wednesday. Speaking in Malaysia at the start of an Asian tour, Lagarde said in a speech that brisk growth in the region could not be taken for granted next year, although the IMF expects it to expand 2 percentage points faster than the global average. … Helicopter crashes in Iran, all 10 on board die
A helicopter carrying victims of a car accident to a hospital in northeastern Iran crashed on Wednesday and all 10 people on board died, state TV said.
Toyota to recall 2.8 million vehicles for steering glitch
TOKYO (Reuters) – Toyota Motor Corp said it will recall 2.77 million vehicles worldwide, including some of its popular Pri us hybrid cars, for steering and water pump problems in the carmaker's second multimillion-vehicle recall in a little over a month. The defects, which Toyota said had caused no accidents and could each be fixed in an hour or so, could cost hundreds of millions of dollars to repair, according Deutsche Securities autos analyst Kurt Sanger. … Spanish police clash with protesters in Madrid
MADRID (Reuters) – Spanish anti-riot police and protesters clashed on Wednesday in central Madrid during a general strike. Two protesters were arrested and police h it others with night-sticks, witnesses said. Millions of workers across southern Europe were on strike to protest against government spending cuts. Earlier, police arrested 42 people around Spain as scuffles broke out at picket lines. The biggest strikes are in Spain and Portugal, where transport and factories were widely affected. (Reporting by Carlos Ruano; Writing by Fiona Ortiz; Editing by Will Waterman) Wave of bombings kills 17 people across Iraq
Iraqi insurgents unleashed a new wave of bombings across the country early Wednesday targeting security forces and civilians, police and health officials said, killing 17 people and wounding dozens more in the latest challenge to government efforts to promote a sense of stability.
No comments:
Post a Comment