CALGARY – The Calgary Stampeders beat the Saskatchewan Roughriders in a CFL playoff game for the first time since 1994 with a 36-30 victory in the West Division semifinal Sunday.
Emirates A380 jet returns to Sydney after engine fire
CANBERRA (Reuters) – An A380 Emirates jet bound for Dubai was forced to return to Australia on Sunday night when one of its engines caught fire soon after take-off. The flight, with 380 passengers on board, was just 20 minutes into its flight from Sydney to Dubai and climbing at an altitude of 10,000 feet when it experienced a problem with one of its engines. “Emirates flight EK413 from Sydney to Dubai on 11 November turned back shortly after take-off due to an engine fault. Passengers are being re-booked on alternative flights,” the airline said in a statement on Monday. …
Merkel to visit Lisbon, back austerity regime
LISBON (Reuters) – Angela Merkel flies to Lisbon on Monday, bringing her personal endorsement for a government battling to cut deficits under the terms of a German-backed bailout as Portugal suffers its deepest slump since the 1970s. "Portugal is meeting the commitments it has assumed very well," the chancellor told Portuguese broadcaster RTP on Sunday – a vote of confidence fellow conservative Prime Minister Pedro Passos Coelho will welcome, as he presses compatriots to take more pain and tries to distance Portugal from troubled Greece. … Asian shares capped, U.S. fiscal cliff weighs
TOKYO (Reuters) – Asian shares were capped on Monday as investor sentiment was weighed down by concerns over U.S. fiscal woes as well as Greece's bailout, despite improving economic data from the world's two largest economies, the United States an d China. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent after ending last week down 0.7 percent at one-week low. Australian shares fell 0.3 percent while South Korean shares opened down 0.3 percent. Japan's Nikkei stock average opened down 0.6 percent to a four-week low. … BBC head says broadcaster must reform or die
LONDON (Reuters) – Britain's BBC could be doomed unless it makes radical changes, the head of its governing trust said, after its director general quit to take the blame for the airing of false child sex abuse allegations against a former politician. BBC Trust chairman Chris Patten said on Sunday confidence had to be restored if the publicly funded corporation was to withstand pressure from rivals, especially Rupert Murdoch's media empire, which would try to take advantage of the turmoil. … Starbucks, Amazon and Google to face UK lawmakers over tax
LONDON (Reuters) – UK lawmakers will quiz executives of Starbucks , Google and Amazon on Monday about how they have managed to pay only small amounts of tax in Britain while racking up billions of dollars worth of sales here. The Public Accounts Committee (PAC), which is charged with monitoring government financial affairs, has invited the companies to give evidence amid mounting public and political concern about tax avoidance by big international companies. … China economy recovering, bad debt risks dismissed
BEIJING (Reuters) – Comments by China’s two top banking officials playing down the risks of bad debt in the banking system provided the latest upbeat comments from Beijing suggesting seven straight quarters of slowing growth have ended. Markets will be looking for the remarks, from Central bank governor Zhou Xiaochuan and bank regulator Shang Fulin on Sunday on the sidelines of a congress to anoint a new leadership, to be backed up in coming days by solid lending data. …
Starbucks, Amazon and Google to face UK lawmakers over tax
LONDON (Reuters) – UK lawmakers will quiz executives of Starbucks, Google and Amazon on Monday about how they have managed to pay only small amounts of tax in Britain while rackin g up billions of dollars worth of sales here. The Public Accounts Committee (PAC), which is charged with monitoring government financial affairs, has invited the companies to give evidence amid mounting public and political concern about tax avoidance by big international companies. … Man in Afghan uniform kills British soldier
A gunman wearing an Afghan army uniform shot and killed a member of the U.S.-led coalition forces fighting in Afghanistan on Sunday — the latest in a spate of insider attacks that are fracturing the trust between NATO and Afghan forces.
No aid tranche deal seen on Monday despite Greek austerity
BRUSSELS (Reuters) – - The euro zone will not release a new loan tranche to Greece on Monday despite the country’s tough 2013 budget as there is no agreement yet on how to make its debt sustainable, but Athens is set to get two more years to cut debt, officials said. Euro zone finance ministers, called the Eurogroup, meet on Monday in Brussels where the main topic of their discussions will be unfreezing lending to Greece, held up after Athens went way off track with promised reforms and fiscal consolidation. …
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