LONDON (Reuters) – Barclays could axe as many as 3,500 investment bank staff and cut its advisory or equities operations in Asia as part of a broader strategic review aimed at fixing the bank's culture in the wake of the financial crisis. The future shape and size of the investment ban k is seen as the most critical part of Chief Executive Antony Jenkins' review, as it contributes more than half of group profits but conducts the "casino" activities politicians and regulators are cracking down on. … Any attack on Iran may lead to withdrawal from NPT: envoy
VIENNA (Reuters) – Any military attack on Iran's nuclear f acilities may lead to the country withdrawing from the Non-Proliferation Treaty (NPT), a pact designed to prevent the spread of nuclear arms, a senior Iranian official said on Friday. In case of an attack, "there is a possibility that the (Iranian) parliament forces the government to stop the (U.N. nuclear) agency inspections or even in the worse scenario withdraw from the NPT," nuclear envoy Ali Asghar Soltanieh said in a statement in English to the U.N. agency's 35-nation board. … Cricket-Australia get happy returns from Mitchells in Perth
PERTH, Nov 30 (Reuters) – Australia’s gamble on a rag-tag band of rookies and fringe players to overhaul their pace bowling unit paid rich dividends at the WACA on Friday, giving the hosts the edge in the third test against South Africa. Although the tourists battled back from the depths of 6-75 to make 225 all out and then took a couple of quick Australian wickets, the hosts were more than happy with their day’s work and none was questioning the contribution of the pace attack. …
Israel's Netanyahu to visit Germany
Israeli Prime Minister Benjamin Netanyahu and members of his Cabinet will travel to Germany next week -- a visit that comes after Berlin abstained in a U.N. vote on recognition of a Palestinian state.
Syria: Airport road reopens but Internet still cut
Syrian rebels battled regime troops south of the capital Friday and Internet and telephone lines were cut for a second day, but the government reopened the road to Damascus' airport in a sign that the fighting could be calming, activists said. China-backed payment processor to accelerate global expansion
SHANGHAI (Reuters) – China's state-backed electronic payment services giant, China UnionPay, launched an international arm tasked with speeding its expansion overseas, heating up competition with rivals such as Visa Inc and Mastercard Inc . The move underscores UnionPay's growing global ambitions, and follows a World Trade Organisation (WTO) ruling that China discriminates against foreign card companies by favoring UnionPay in the home market. … Palestinians celebrate UN endorsement of independent state
RAMALLAH, Palestine – Euphoric Palestinians erupted in cheers, set off fireworks and chanted “God is great” after the United Nations endorsed an independent state of Palestine, giving sweeping international backing to their demands for sovereignty over lands Israel occupied in 1967.
N. Korea rocket preparations might be a bluff
Rocket sections are apparently being trucked into North Korea’s northwest launch site, but some analysts are asking whether it’s just a calculated bluff meant to jangle the Obama administration and influence South Korean voters ahead of presidential elections in three weeks.
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