Syria: Twin car bombs in Damascus kill 34 people
Twin car bombs ripped through a Damascus suburb on Wednesday, killing at least 34 people and leaving dozens critically wounded, according to state media and hospital officials.
UK retailer Comet set to close another 125 stores
LONDON (Reuters) – British electrical retailer Comet will close a further 125 stores if they do not get a firm offer for the business, the administrators running the group said on Wednesday. Administrator Deloitte said the closures would occur over several weeks starting from next month, leavin g just 70 of an original 236 stores remaining. Those left will stay open until all stock is sold. Deloitte, which said Comet's support operations would also be further reduced, confirmed it remained in discussions with a small number of unnamed parties interested in the retailer. …
EU approves Spain's bank restructuring
BRUSSELS (Reuters) – European Union competition regulators approved on Wednesday restructuring plans for nationalized Spanish lenders Bankia, NCG Banco, Catalunya Banc and Banco de Valencia. "The approval of the restructuring plans of BFA/Bankia, NCG, Catalunya Banc and Banco de Valencia i s a milestone in the implementation of the Memorandum of Understanding between euro area countries and Spain," EU Competition Commissioner Joaquin Almunia said in a statement, referring to Spain's euro zone bank bailout. …
M23 rebels say they will leave Congo city of Goma
Congo's M23 rebels said Wednesday they will withdraw from the strategic city of Goma if President Joseph Kabila's government meets their demands for wide-ranging national reforms and negotiations.
Rebels say they will leave Congo city of Goma, reversing earlier position
GOMA, Congo – Congo’s M23 rebels say they will withdraw from the strategic city of Goma if President Joseph Kabila’s government meets their demands for wide-ranging national reforms and negotiations.
Congo M23 rebels withdrawing forces, to quit Goma later
GOMA, Democratic Republic of Congo (Reuters) – The M23 rebels in the Democratic Republic of Congo have started withdrawing from towns captured from government troops and will also soon leave the eastern city of Goma, following a deal brokered by Uganda, M23′s military leader said on Wednesday. “We’re leaving Sake, we’re leaving Masisi,” Sultani Makenga told Reuters. “We’ve started withdrawing our forces which are very far from Goma … Goma will be later.” (Reporting by Jonny Hogg; Writing by Bate Felix; Editing by Kevin Liffey)
Withdrawals at UK's biggest gas storage site halved until December 6
LONDON (Reuters) – Withdrawal capacity at Britain’s largest gas storage site, Rough, will be reduced to 50 percent from November 28 to December 6 because of an unplanned outage, operator Centrica said on Wednesday. Capacity to withdraw gas from the subsea site was halved at 1000 GMT on Wednesday and will rise to normal output levels at 1600 GMT on December 6, Centrica said in a market notification. (Reporting by Karolin Schaps; Editing by David Goodman)
'Gangnam Style' star wants to see Tom Cruise doing the horse dance
BANGKOK – The South Korean rapper behind YouTube’s most-viewed video ever has set a “Mission: Impossible” for himself.
Turkey's Erdogan considers Gaza visit
Turkey’s prime minister says he may visit the Gaza Strip alongside Hamas’ supreme leader, Khaled Mashaal.
Standard Chartered top economist Lyons steps down
LONDON (Reuters) – Standard Chartered’s top economist, Gerard Lyons, is leaving the Asia-focused bank for a job outside the financial services industry, he said on Wednesday. Lyons will leave as chief economist and group head of global research on Friday. He has been at Standard Chartered for 13 years and is frequently its public voice on China, Asia and a wide range of economic issues. “I will be taking a short break and will be announcing a new role outside the financial sector the week after next,” Lyons said on his Twitter account. The bank confirmed his departure. …
Abu Dhabi invests $1 billion in UK oil fields
ABU DHABI (Reuters) – Abu Dhabi National Energy Co (TAQA) , majority-owned by the Abu Dhabi government, is investing over $1 billion in British North Sea oil fields owned by BP Plc , the companies said on Wednesday. The agreement may be presented as a diplomatic success by British Prime Minister David Cameron, who visited the United Arab Emirates early this month to court trade and investment from the oil-rich UAE. …
Rapper PSY wants Tom Cruise to go 'Gangnam Style'
The South Korean rapper behind YouTube’s most-viewed video ever has set a “Mission: Impossible” for himself.
Rugby-Australia lock Simmons gets reduced ban
Nov 28 (Reuters) – The eight-week ban on Australia’s Rob Simmons for a tip tackle on French flanker Yannick Nyanga was reduced to five weeks on Wednesday but the lock will still miss Saturday’s test against Wales in Cardiff. Simmons, on as a replacement at the Stade de France, was cited for a tip tackle on Nyanga in the second half of the match won 33-6 by France earlier this month. The reduced punishment rules Simmons out of the Wallabies’ last match on their tour of Europe against Wales after he missed the matches against Italy and England. …
China investment levels excessive, risks are rising: IMF research
BEIJING (Reuters) – China's economy relies on an excessively high level of investment and risks a potentially destabilizing increase if the government aims to keep growth around current levels for years to come, new International Monetary Fund research suggests. Already running high as measured by a theory used by economists to assess capital-to-output ratios, investment accelerated between 2007 and 2011 to counter the effects of the global financial crisis, IMF staff wrote in a research paper on China's soaring investment levels. …
Syrian state media: Damascus car bombs kill 34
Syria's state-run media say twin car bombings in a Damascus suburb have killed 34 people.
Thai government survives censure vote after weekend clashes
BANGKOK (Reuters) – Thailand’s government survived a no-confidence vote on Wednesday, days after clashes in Bangkok between protesters and riot police in the largest demonstration against Prime Minister Yingluck Shinawatra’s 16-month-old administration. Yingluck has enjoyed a period of stability after years of upheaval and her government’s better-than-expected performance in the debate, coupled with the low turnout for Saturday’s protest which quickly fizzled out, strengthen her leadership while offering a reminder of Thailand’s stubborn political divisions. …
Earthquake shakes eastern Indonesia; no immediate damage reported
JAKARTA, Indonesia – The U.S. Geological Survey says an earthquake measuring 5.5 magnitude has hit the eastern part of Indonesia. There are no immediate reports of damage.
Rhino killings for horns rapidly rise in S. Africa
By the time ranchers found the rhinoceros calf wandering alone in this idyllic setting of scrub brush and acacia, the nature reserve had become yet another blood-soaked crime scene in South Africa's losing battle against poachers.
Wednesday, November 28, 2012
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