Friday, November 30, 2012

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Barclays investment bank revamp could mean staff cuts
A city worker passes a Barclays bank branch in Canary WharfLONDON (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
Iran's International Atomic Energy Agency ambassador Ali Asghar Soltanieh briefs the media after a meeting at the Iranian embassy in ViennaVIENNA (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
In this Thursday, Nov. 29, 2012 photo, night falls on a Syrian rebel-controlled area as destroyed buildings, including Dar Al-Shifa hospital, are seen on Sa'ar street after airstrikes targeted the area last week, killing dozens in Aleppo, Syria. (AP Photo/Narciso Contreras)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
The logo of the China UnionPay is seen at a bank in TaiyuanSHANGHAI (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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Congo rebels extend stay in Goma by 48 hours
GOMA, Congo – A rebel spokesman says that his fighters have delayed their departure from Goma by 48 hours for “logistical reasons,” defying for a second time an ultimatum set by neighbouring African countries.


ECB, IMF press euro zone to reform as crisis far from over
International Monetary Fund Managing Director Lagarde and European Central Bank President Draghi attend a conference at the Economy ministry in ParisPARIS (Reuters) – The euro zone's crisis is far from over and its members must consolidate their budgets and forge a banking union to put the bloc on a more stable economic footing, the leaders of the IMF and European Central Bank said on Friday. Underlining the bloc's woes, data showed both German retail sales and French consumer spending falling faster than expected as well as stubborn Spanish inflation that will likely lift the cost of state pension rises for an already hard-pressed budget. …


Kuwait opposition urges vote boycott on eve of election
KUWAIT (Reuters) – Opposition supporters and political activists will march in Kuwait on Friday to urge a voter boycott, one day ahead of a parliamentary election that looks unlikely to ease tensions in the U.S. ally and oil producer. Campaigners and opposition politicians, who have already said they will not stand, called the rally to protest against a change in voting rules which they argue would skew the poll in favor of pro-government candidates. …


Congo rebels extend stay in Goma
M23 rebels gather in the eastern Congo town of Sake, some 27 kms west of Goma, Thursday Nov. 29, 2012. Rebels, who last week seized one of the most important cities in eastern Congo and advanced beyond, said Thursday that they had pulled back several miles (kilometers ) to the town of Sake and were on track to leave the key city of Goma by Friday, in accordance with a deadline imposed by the international community.(AP Photo/Jerome Delay)A rebel spokesman says that his fighters have delayed their departure from Goma by 48 hours for "logistical reasons," defying for a second time an ultimatum set by neighboring African countries.


India's GDP growth languishes, headed for decade low
A worker welds iron rods at the construction site of a commercial complex in AhmedabadNEW DELHI (Reuters) – India's economy extended its long slump in the last quarter, with lower-than-expected growth keeping it on track for its worst year in a decade and underscoring the ur gency of politically difficult reforms to spur a revival. The economy grew 5.3 percent from a year earlier in the July-September period, provisional gross domestic product (GDP) data showed on Friday, below the 5.5 percent posted for the three months ending in June. …


Kosovo condemns YouTube leak of phone taps from EU investigation
PRISTINA (Reuters) – Kosovo’s government has condemned the leak of tapped phone calls recorded by European Union crime investigators and featuring voices identified as that of the prime minister and several senior officials. EULEX, which oversees law and order in Kosovo and handles cases of organized crime and war crimes, said the audio tapes were part of a continuing case and had been handed over to defense lawyers and Pristina district court. EULEX did not specify the nature of the case or who was involved. …


ArcelorMittal, France target steelworks deal -sources
Arcelor Mittal workers from Florange site stand next to French riot gendarmes and CRS as they demonstrate in front the National Assembly in ParisPARIS (Reuters) – The French government and steelmaker ArcelorMittal are aimi ng to clinch a deal to save jobs and avoid a temporary nationalization of its Florange steelworks, government sources said on Friday as a midnight deadline neared. ArcelorMittal says the site's two furnaces are not viable but Socialist President Francois Hollande wants them kept open and has threatened a controversial state takeover for the site in northeastern France if no private buyer is found. The two furnaces together employ 600 workers with the entire site providing work for 2,700. …


Palestinians euphoric over UN recognition
Palestinians celebrate the U.N. General Assembly votes on a resolution to upgrade the status of the Palestinian Authority to a nonmember observer state, along the streets of Gaza City, Thursday, Nov. 29, 2012. The U.N. General Assembly has voted by a more than two-thirds majority to recognize the state of Palestine. The resolution upgrading the Palestinians' status to a nonmember observer state at the United Nations was approved by the 193-member world body    late Thursday by a vote of 138-9 with 41 abstentions. (AP Photo/Adel Hana)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.


Fatal shooting of Florida teenager over loud music ignites comparisons to Trayvon Martin case
ATLANTA – The fatal shooting of a Florida teenager who was listening to loud music in a car is drawing comparisons to the Trayvon Martin case, but there are some stark differences.


Tiny Mo. town abuzz with $588M Powerball jackpot to be shared with ticket holder in Arizona
FOUNTAIN HILLS, Ariz. – Sometimes it’s better to dream, particularly when reality means you’re not an instant multimillionaire.


Not just another pretty face: GG relishes foreign policy role in his own way
Governor General David Johnston meets with President-elect of Mexico Enrique Pena Nieto at Rideau Hall in Ottawa on Wednesday November 28, 2012. THE CANADIAN PRESS/Sean KilpatrickOTTAWA – When David Johnston takes on a cabinet-level trade assignment this weekend in Latin America, it will be a showcase for what could be the unoffical slogan for his vice-regal reign: bland is beautiful.


Eurozone unemployment hits another record high
The recession in the economy of the 17 euro countries has pushed unemployment in the region up to a record 11.7 percent in October.


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Internet and telephones cut in Syria for second day amid sporadic clashes in the capital
BEIRUT – Activists say Syrian rebels and government troops are clashing south of the capital as Internet and telephones lines remain cut for a second day nationwide.


Workers protest for compensation from Bangladesh factory where fire killed 112
DHAKA, Bangladesh – Hundreds of workers are protesting in front of a Bangladeshi factory where 112 people were killed by a fire, demanding compensation for their lost salaries.


Syria: Clashes in capital as Internet still cut
In this citizen journalism image provided by the Homs City Union of The Syrian Revolution, which has been authenticated based on its contents and other AP reporting, Syrian citizens walk in a destroyed street that was attacked on Wednesday by Syrian forces warplanes, at Abu al-Hol street in Homs province, Syria, Thursday Nov. 29, 2012. Two US-based Internet-monitoring companies say Syria has shut off the Internet nationwide. Activists in Syria r   eached Thursday by satellite telephone confirmed the unprecedented blackout, which comes amid intense fighting in the capital, Damascus.(AP Photo/Homs City Union of The Syrian Revolution)Activists say Syrian rebels and government troops are clashing south of the capital as Internet and telephones lines remain cut for a sec ond day nationwide.


London mayor Johnson pitches city as ideal location for Bollywood films
MUMBAI, India – The mayor of London has announced that two Indian films will be shot in his city next year as part of a bid to bring Bollywood to the British capital.


Uganda's anti-gay bill won't contain death penalty
A lawmaker in Uganda says an anti-gay bill that will be voted on soon will not contain the death penalty.


S. Africa deputy president cagey on leading ANC
South Africa’s deputy president says he is “agonizing” over whether he would accept leading the governing African National Congress if he’s chosen during the party’s convention next month.


Anti-EU party beats ruling Conservatives in UK polls
LONDON (Reuters) – A British anti-EU party has polled more votes than the ruling Conservatives in two elections for parliamentary seats, in the latest sign that Prime Minister David Cameron’s party faces a threat from the right. The UK Independence Party, or UKIP, is enjoying a surge in popularity as some right-leaning voters become disillusioned with the ruling Conservative-Liberal Democrat coalition against a backdrop of persistent economic problems. …


Anti-EU party beats ruling Conservatives in UK polls
LONDON (Reuters) – A British anti-EU party has polled more votes than the ruling Conservatives in two elections for parliamentary seats, in the latest sign that Prime Minister David Cameron’s party faces a threat from the right. The UK Independence Party, or UKIP, is enjoying a surge in popularity as some right-leaning voters become disillusioned with the ruling Conservative-Liberal Democrat coalition against a backdrop of persistent economic problems. …


Chinese man sentenced to death in sex slave murder case
BEIJING (Reuters) – A Chinese court sentenced a man to death for holding six women as sex slaves in an underground prison and killing two of them, Xinhua news agency said on Friday. Li Hao, 35, was convicted of murder and rape in Luoyang Intermediate People’s Court in China’s central Henan province, Xinhua said. Media reported in 2011 that the former local government employee kidnapped six nightclub and karaoke bar workers and repeatedly raped them in a self-built dungeon. Two of the six were found dead when a 23-year-old woman escaped and led police to the basement. …


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Shares edge lower as U.S. budget talks stall
A visitor walks near the logo of the Tokyo Stock Exchange in TokyoLONDON (Reuters) – Concerns about the deadlock in crucial U.S. budget talks capped gains in world equity markets on Friday, while falling yields on Spanish and Italian bonds kept the euro near a one-month high. Markets are on edge over the lack of progress by political leaders in Washi ngton as a failure to resolve their differences by year-end would trigger automatic spending cuts and tax rises that will tip the U.S. economy into recession. Many investors also expect that once the so called 'fiscal cliff' is resolved, the brighter economic outlook for China and the U.S. …


Sudden trial of blind China activist's nephew puts spotlight on human rights
Chen Kegui, nephew of blind Chinese activist Chen Guangcheng, is seen in this undated handout provided by Chen Kegui's lawyerBEIJING (Reuters) – The nephew of blind Chinese activist Chen Guangcheng unexpectedly went on trial on Friday for intentional infliction of injury in a case likely to refocus international attention on China's human rights and legal system. Chen Kegui has been held incommunicado by police for over six months and has been denied access to his choice of lawyers. His case is widely seen as illegitimate by Chen's family and human rights advocates. …


German Parliament to vote on deal to trim Greece's debt load, keep country afloat
BERLIN – Germany’s finance minister is urging lawmakers to support a deal to trim Greece’s debt load and keep the struggling country afloat financially.


China bans TV show after leaked clip shows shouting match over nudity and the next Lady Gaga
BEIJING, China – Chinese regulators suspended a broadcaster Friday after an unaired segment of a TV game show was leaked online showing a raucous shouting match about nudity between spectators and a woman who calls her daughter the next Lady Gaga.


Fighting cuts access to Damascus airport, flights suspended
A general view of a building damaged by an air strike at a besieged area in HomsBEIRUT (Reuters) – Syrian rebels battled forces loyal to President Bashar al-Assad just outside Damascus on Thursday, cutting access to its international airport, and Dubai-based Emirates a irline and EgyptAir stopped flights to the Syrian capital. The Internet and some telephone lines went down across Syria. Rebels and the government traded blame for the blackout, the worst communications outage in 20 months of conflict. Rebels fighting to topple Assad have been making gains around Syria by overrunning military bases and have been ramping up attacks on Damascus, his seat of power. …


Egypt's Islamists approve draft of new constitution in rush vote, stoking crisis
CAIRO – Islamists approved a draft constitution for Egypt early Friday without the participation of liberal and Christian members, seeking to pre-empt a court ruling that could dissolve their panel with a rushed, marathon vote that further inflames the conflict between the opposition and President Mohammed Morsi.


German lawmakers to approve Greek bailout despite unease
German Finance Minister Schaeuble speaks during news conference in BerlinBERLIN (Reuters) – Germany's lower house of parliament will approve a fresh bailout for Greece on Friday in a vote seen as a test of Chancellor Angela Merkel's authority over he r centre-right coalition less than a year before federal elections. The outcome of Friday's vote in the Bundestag is not in doubt but unease over the costs of the euro zone debt crisis and over talk of another write-down of Greek debt means the number of coalition lawmakers voting against will be keenly watched. …


Secret Santa from Missouri showers $100 bills on survivors of storm-hit NJ, NY
NEW YORK, N.Y. – A Missouri man posing as “Secret Santa” is giving away $100,000 this holiday season and spent a day in New Jersey and New York giving money to people robbed of their belongings or homes by Superstorm Sandy.


Aussie bowlers put South Africa on the ropes
South Africa's Jacques Kallis is bowled by Australia's Mitchell Starc during the first day's play of the third cricket test match, at the WACA in PerthPERTH (Reuters) – Australia's ove rhauled pace attack mauled South Africa with five wickets in the hour around the lunch break to leave the tourists floundering at 141 for seven at tea on the opening day of the third and final test of the series on Friday. Seamers Mitchell Starc, Mitchell Johnson and debutant John Hastings as well as all rounder Shane Watson all got amongst the wickets to leave South Africa perhaps ruing the decision to bat first on a bouncy WACA track. …


Old party returns to govern changed Mexico
FILE - In this July 1, 2012 file photo, supporters of Enrique Pena Nieto, presidential candidate for the Revolutionary Institutional Party (PRI) gather at party headquarters as exit polls begin to come in for general elections in Mexico City, Mexico. The Institutional Revolutionary Party, or PRI, reclaims the presidency Saturday, Dec. 1, 2012 after 12 years out of power, and President-elect Enrique Pena Nieto calls it a crowning moment of an effort to reform    and modernize the party that ruled without interruption from 1929 to 2000. (AP Photo/Alexandre Meneghini, File)The political party that ruled Mexico for seven straight decades is back, assuring Mexicans there's no chance of a return to what some called "the perfect dictatorship" that was marked by a mixture of populist handouts, rigged votes and occasional bloodshed.


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ECB's Draghi says Euro zone on track for second-half 2013 recovery
European Central Bank President Draghi waves after a news conference after the Governing Council Meeting of the European Central Bank in BrdoPARIS (Reuters) – European Central Bank President Mario Draghi sa id on Friday that budgetary consolidation in the euro zone would entail a short-term economic impact but the currency bloc was on track for a recovery in the second half of 2013. Draghi told Europe 1 radio that euro zone governments must push ahead with implementing a banking union which should apply to all banks to avoid fragmenting the sector. Governments must pursue structural reforms to reduce labor market rigidity, notably in France and Italy, he added. (Reporting By Nicholas Vinocur; Editing by Daniel Flynn)


Gotye wins big at Australia's Aria music awards
American singer-songwriter Taylor Swift arrives for the Australian music industry Aria Awards in Sydney, Thursday, Nov. 29, 2012. (AP Photo/Rick Rycroft)Gotye has taken home album of the year at Australia's Aria music awards for hi s internationally acclaimed "Making Mirrors."


After long jail term, gaming gangster faces less violent but still murky Macau
File picture shows Wan, alias Broken Tooth Koi, in handcuffs after being arrested by Macau's Judicial Police Director Baptista during an anti-crime raid in MacauMACAU (Reuters) – Wan "Broken Tooth" Kuok-koi will emerge from jail this weekend into a very different Macau gambling haven than the one he bullied in the late-1990s. Under new leadership, chosen at a Chinese Communist Party Congress this month where corruption was a dominant theme, Beijing is sending strong signals to Macau authorities to tighten regulation and promote responsible gaming in the world's casino capital. It's a far cry from more than a decade ago when Wan and other triad gangsters ran amok during the final days of Portuguese rule of this southern Chinese outcrop. …


UPDATE 1-Cricket-Aussie bowlers put South Africa on the ropes
* Australian quicks rattle Proteas * Du Plessis again fights rearguard PERTH, Nov 30 (Reuters) – Australia’s overhauled pace attack mauled South Africa with five wickets in the hour around the lunch break to leave the tourists floundering at 141 for seven at tea on the opening day of the third and final test of the series on Friday. Seamers Mitchell Starc, Mitchell Johnson and debutant John Hastings as well as all rounder Shane Watson all got amongst the wickets to leave South Africa perhaps ruing the decision to bat first on a bouncy WACA track. …


AP Exclusive: Myanmar verifying Muslim citizenship
Guarded by rifle-toting police, immigration authorities in western Myanmar have launched a major operation aimed at settling an explosive question at the heart of the biggest crisis the government has faced since beginning its nascent transition to democracy last year.


Macau braces as infamous gangster set for prison release to city transformed by casino wealth
HONG KONG – The Asian gambling mecca of Macau is bracing for the release on Saturday of a notorious organized crime boss who was at the centre of the gangland violence that plagued the city in the late 1990s.


Napoleon's letter giving order to blow up the Kremlin to be auctioned
FONTAINEBLEAU, France – The single line of Napoleon’s secret code told Paris of his desperate, last order against the Russians: “At three o’clock in the morning, on the 22nd I am going to blow up the Kremlin.”


Napoleon's secret coded Kremlin letter on sale
In this photo taken Wednesday, Nov. 28, 2012, a letter dictated and signed by Napoleon in secret code that declares his intentions The single line of Napoleon's secret code told Paris of his desperate, last order against the Russians: "At three o'clock in the morning, on the 22nd I am going to blow up the Kremlin."