TORONTO (Reuters) – Canadian home prices dipped in October from September and year-over-year price gains slowed for the 11th straight month in yet another sign Canada’s hot housing market has cooled, the Teranet-National Bank Composite House Price Index showed on Wednesday. The index, which measures price changes for repeat sales of single-family homes, showed overall prices fell 0.2 percent in October from a month earlier, only the third October drop in 13 years of data. …
Salvation Army says $2 million in toys, donations stolen from Toronto warehouse
TORONTO – The Salvation Army says more than $2 million in toys and donations has been stolen from its north Toronto warehouse over two years.
Commander: Iran missile technology sent to Gaza
Iran has supplied Hamas in Gaza with the technology to “quickly” produce longer-range missiles on their own without needing direct shipments, said a report Wednesday that quoted the head of Iran’s powerful Revolutionary Guard.
Iran leader stops lawmakers questioning president
Iran’s official news agency is reporting that the country’s supreme leader has intervened to stop lawmakers from questioning President Mahmoud Ahmadinejad in parliament about the deteriorating economy.
German churches, union both claim victory in strike case
PARIS (Reuters) – Germany’s main churches and a union that represents their employees have both claimed victory after the Federal Labour Court issued a Solomonic decision on whether church employees are allowed to strike. The Protestant and Roman Catholic Churches greeted the ruling as an endorsement of their system of resolving wage disputes through mediation, while the union said it confirmed church workers had the right to industrial action. German media reflected the split on Wednesday. “Church can ban strikes,” read the headline in the conservative daily Die Welt. …
More time or tough love? Eurozone deadlocks over Greece debt deal.
For the second time in the past two weeks, the eurozone has failed to come up with a rescue plan for Greece which is on the verge of insolvency. Finance ministers of the so-called Eurogroup meeting in Brussels last night debated for 12 hours about the terms for an urgently needed loan tranche to Athens, but finally postponed a decision until next Monday.
French citizen kidnapped in southwest Mali
A French citizen has been kidnapped in southwest Mali, far from the zone controlled by al-Qaida-linked militants where African countries are preparing a possible military intervention, officials said Wednesday.
Boxer 'Macho Camacho' critical in Puerto Rico
A longtime friend of boxer Hector "Macho" Camacho says the former world champion's condition has worsened after a shooting in Puerto Rico and he could be taken off life support. Pinecrest to buy Spartan for about C$427 million
(Reuters) – Canada’s Pinecrest Energy Inc said it will buy Spartan Oil Corp for about C$427 million. Pinecrest will offer 2.738 shares for each Spartan share held, valuing Spartan’s stock at C$5.12 each. Spartan shareholders will own about 49 percent of the combined company. (Reporting by Ankur Banerjee in Bangalore; Editing by Saumyadeb Chakrabarty)
Singapore opposition leader's bankruptcy annulled
Prominent Singapore opposition leader Chee Soon Juan has had his bankruptcy annulled, the government said Wednesday, after an unprecedented concession by two former prime ministers to whom he owed about $408,000. Spanish prosecutor seeks $10.5 million bail in corruption case involving king's son-in-law
MADRID – Spanish prosecutors have asked a judge to set bail at EUR8.2 million ($10.5 million) for the king’s son-in-law and his former business partner before their possible trial in a corruption case troubling the monarchy for the past two years.
Syria now running a war economy as conflict spreads
AMMAN (Reuters) – At a rebel-controlled border crossing in northern Syria, camps housing thousands of refugees trying to flee the country occupy an area that less than two years ago was usually crammed with lorries queuing to pass through customs. The capture of Bab al-Hawa, previously a throughfare for expo rts from Turkey and the Gulf to the rest of the Middle East and Europe, highlights the loss of transhipments through Syria as conflict has spread, causing a sharp drop in income from customs duties. … Kazakhstan in move to ban opposition parties and media
ALMATY (Reuters) – The Central Asian state of Kazakhstan has moved to ban two opposition movements critical of President Nursultan Nazarbayev and to close dozens of opposition media outlets for "propagating ext remism". In a step the opposition denounced as an attack on dissent in the oil-exporting former Soviet republic, prosecutors linked their request to last month's jailing of Vladimir Kozlov, leader of the unregistered Alga! or "Forward!" party. Kozlov was sentenced to seven-and-a-half years for trying to rally workers in a failed attempt to topple the government. … Turkish coup general tells landmark trial army did its duty
ANKARA (Reuters) – A retired Turkish general who seized power in 1980 denied on Wednesday any role in the torture of thousands of people af ter a coup that his co-defendant said saved the nation from chaos. Kenan Evren, who led a military regime under which thousands were tortured, hundreds sentenced to death and many more disappeared, was speaking by video link from his hospital bed in a trial that highlights the erosion of army power within Turkey. … Canadian house prices fall 0.2 percent in October from September: Teranet
TORONTO (Reuters) – Canadian home prices dipped in October from September and year-over-year price gains slowed for the 11th straight month in yet another sign Canada’s hot housing market has cooled, the Teranet-National Bank Composite House Price Index showed on Wednesday. The index, which measures price changes for repeat sales of single-family homes, showed overall prices fell 0.2 percent in October from a month earlier, only the third October drop in 13 years of data. The index was up 3.4 percent from a year earlier, the 11th consecutive month of deceleration in 12-month inflation. …
Pampered but restless, many young Kuwaitis want more
KUWAIT (Reuters) – They enjoy scholarships, secure jobs and generous salaries at a time when so many young people around the world have dim prospects and are underemployed. So why are thousands of young Kuwaitis so dissatisfied? The answer, for Abdullah Ashkanani, who like more than half of Kuwaitis is under 25, is about fairness and the freedom to speak out. Despite the many benefits that accrue to all Kuwaitis, the authorities do not seem to distribute the country’s wealth and power fairly, said Ashkanani, a student, and this is something he wants to change for the next generation. …
Thousands of Gazans seek shelter in UN schools
A U.N. aid agency says some 10,000 Gazans have sought shelter in U.N.-run schools after the Israeli military dropped leaflets on the territory warning residents of certain areas to evacuate their homes. Report: Iran missile technology sent to Gaza
An Iranian news agency says the head of Iran’s powerful Revolutionary Guard has disclosed his country has given fighters in Gaza the ability to produce longer-range missiles on their own, without direct shipments.
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