MONTREAL – A sitting member of Canada’s Senate, who has been an influential fundraiser for the federal Conservative party, has been named at Quebec’s construction inquiry for attending meetings now being scrutinized at the high-profile probe.
UK's Cameron assessing review of country's press
Prime Minister David Cameron failed to offer any clues Wednesday on whether he will support new more stringent regulation of Britain's press following the conclusion of a yearlong inquiry into the country's unruly tabloids. Saudi King Abdullah seen on state TV in 1st public images since surgery
RIYADH, Saudi Arabia – Saudi state television has broadcast the first public images of King Abdullah since the 87-year-old monarch underwent what was described as back surgery 11 days ago.
Euro zone must be free to integrate more quickly than EU: Barroso
BRUSSELS (Reuters) – If the euro zone is to be strengthened, the 17 countries that share the single currency must be allowed to integrate more quickly than the wider European Union of 27 nations, the president of the European Commission said on Wednesday. In a firm acknowledgement that a “two-speed” Europe is all but inevitable, Jose Manuel Barroso said that a better functioning of Europe’s economic and monetary union depended on some countries moving together more quickly than others. …
Tunisian protesters clash with police over economic woes
TUNIS (Reuters) – Tunisian protesters riled over economic deprivation clashed with police on Wednesday and at least 100 people were injured, medical sources said, in further unrest in the country that spawned the Arab Spring uprisings. Now ruled by an elected Islamist-led government, Tunisia has struggled to revive its economy in the face of a decline in trade with the euro zone and disputes between secularists and Salafi Islamists over the direction of the North African state. …
Saudi king seen on TV amid health questions
Saudi state television has broadcast the first public images of King Abdullah since the 87-year-old monarch underwent what was described as back surgery 11 days ago.
White House: Obama to meet privately with Romney on Thursday
WASHINGTON – The White House says President Barack Obama will meet privately Thursday with his vanquished rival Mitt Romney, their first face-to-face encounter since the Nov. 6 election.
Fitch warns France could be downgraded next year
LONDON (Reuters) – Fitch Ratings could strip France of its triple-A credit status next year if the country fails to meet its targets on debt reduction and its economy performs worse than foreca st, one of the agency's top sovereign experts warned on Wednesday. Fitch is the only of the three major rating firms to still rate France triple-A after Moody's cut it one notch earlier this month and Standard & Poor's did so in January. … Gunmen in Yemen kill Saudi army officer
Gunmen in Yemen opened fire on the car of a Saudi Arabian army officer working with his embassy’s military section on Wednesday, killing him and his Yemeni bodyguard, officials from both countries said.
Bank of England's new chief to keep policy as is for at least 18 months: Reuters poll
LONDON (Reuters) – It will be the second half of 2014 at least before the Bank of England's new chief, Mark Carney, changes monetary po licy as he grapples with a sluggish economy, a Reuters poll found on Wednesday. The poll of 66 economists, largely taken after news on Monday of Carney's appointment as BoE governor starting in July 2013, did not see any top up to the Bank's 375 billion pound quantitative easing asset purchase program. They also did not see any shift in interest rates away from their record low of 0.5 percent, until July 2014 at the earliest. … No consensus on whether ECB will cut rates next year: Reuters poll
LONDON (Reuters) – Whether the state of the euro zone economy will force the European Central Bank to cut its main interest r ate to a new record low has economists more divided than ever, a Reuters poll showed on Wednesday While only a handful of the 71 economists polled this week said the ECB will trim its main rate from 0.75 percent to 0.5 percent next Thursday, they were split down middle over the possibility of a rate cut early next year. The findings were little changed from a poll two weeks ago. There are two schools of thought. … Canada payrolls show September job losses, contrasts with other data
OTTAWA (Reuters) – A secondary employment report for Canada on Wednesday showed total nonfarm payrolls fell 52,500 in September from August, sharply contradicting an earlier report of outsized job gains that month. Statistics Canada said payroll employment fell in the month after six consecutive monthly increases, with the largest declines in manufacturing; accommodation and food services; administrative and support services, and other services. …
Factbox - Sabre Engine could revolutionise space flight
(Reuters) – Here is a look at the Synergetic Air-Breathing Rocket Engine (SABRE) developed by Reaction Engines Ltd over the last 20 years which could power a re-usable space plane. Sabre will be a new engine class that can operate in both air-breathing and rocket modes. * Alan Bond, a former British aircraft engineer, began his career with Rolls-Royce’s Rocket Division, and went on to design the HOTOL space plane. The HOTOL or “Horizontal Take Off and Landing” project was to be fitted with an air-breathing engine, the RB454, which would extract the air’s oxygen to burn. …
U.S., Pakistan ties fully repaired: Pakistan foreign minister
ISLAMABAD (Reuters) – Pakistan and the United States have restored full military and intelligen ce ties after relations hit a low point last year, and Islamabad will take further steps to support a nascent Afghan peace process, Pakistan's foreign minister said on Wednesday. Full cooperation between Islamabad and Washington is critical to U.S. efforts to stabilize Afghanistan before most NATO combat troops withdraw by 2014. … Gazans thank Iran for help in battling Israel
Residents of the Gaza Strip have plastered large billboards in key locations thanking Iran for its help during a recent eight-day battle against Israel.
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