Today's Reuters World News Headlines - Yahoo! News:
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South Korea says to halt Iran oil imports from July 1
Mon,25 Jun 2012 06:34 PM PDT
Reuters - SEOUL (Reuters) - South Korea said on Tuesday that imports of Iranian crude oil would be halted from July 1 due to an EU ban on insurance cover on tankers carrying Iranian crude, making Korea the first of Iran's major Asian customers to halt oil purchases. "South Korea's imports of Iranian oil will be suspended, as the EU will suspend crude imports from Iran and also halt its insurance and reinsurance cover on the crude imports from July 1," a joint statement from the economy, finance and foreign affairs ministries said. ... Full Story | Top |
And then there were five: Cyprus seeks EU aid
Mon,25 Jun 2012 04:42 PM PDT
Reuters -  NICOSIA/ATHENS (Reuters) - A fifth euro-zone country turned to Brussels for emergency funding on Monday when Cyprus announced it was seeking a lifeline for its banks and its budget, hours after Spain submitted a formal request to bail out its banks. Global share prices and the euro slid as investors bet that European leaders - due to meet this week for the 20th time since the currency zone's debt crisis hit Greece in 2010 - would fail to come up with radical measures to back up weak countries. ...
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Guatemala says arbitration panel with U.S. on hold
Mon,25 Jun 2012 04:41 PM PDT
Reuters - GUATEMALA CITY (Reuters) - The United States has agreed to freeze an arbitration panel with Guatemala in order to informally settle accusations that the Central American nation has failed to protect workers' rights, Guatemala's economy minister said on Monday. "Initiating an arbitration panel could have negative effects on commerce between the two nations, which is why we have entered into this agreement before the panel is formed," said economy minister Sergio de la Torre. Two-way trade between the United States and Guatemala totaled $10.8 billion last year. U.S. ... Full Story | Top |
Paraguay's Lugo protests as new cabinet sworn in
Mon,25 Jun 2012 04:04 PM PDT
Reuters -  ASUNCION (Reuters) - Paraguay's new center-right president swore in his cabinet on Monday as neighboring nations intensified diplomatic pressure over the sudden impeachment of his leftist predecessor, Fernando Lugo. Federico Franco took office on Friday, moments after Lugo - a former Roman Catholic bishop - was ousted by the opposition-controlled Congress in an impeachment hearing that lasted less than six hours. ...
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Al Qaeda threatens Arab Spring nations: UK spy chief
Mon,25 Jun 2012 03:30 PM PDT
Reuters - LONDON (Reuters) - Al Qaeda militants are using the countries which toppled their leaders in the Arab Spring as bases to train radical Western youths for potential attacks on Britain, the chief of the MI5 Security Service said on Monday. In his first public speech for nearly two years, Security Service Director General Jonathan Evans said the Arab Spring revolts in Tunisia, Libya, Yemen and Egypt offered long-term hope of a more democratic Middle East. ... Full Story | Top |
Sudan says no retreat on cuts despite protests
Mon,25 Jun 2012 03:05 PM PDT
Reuters - KHARTOUM (Reuters) - Sudan's finance minister said on Monday the government would stick to its decision to cut fuel subsidies despite more than a week of anti-austerity protests in Khartoum and other cities. Sudanese police used teargas to disperse the latest demonstration which took place in an impoverished eastern region, where witnesses said protesters also set fire to a local office of the ruling party. ... Full Story | Top |
Turkey turns to NATO after Syria downs jet
Mon,25 Jun 2012 02:58 PM PDT
Reuters -  ANKARA (Reuters) - Turkey is to demand backing from its NATO allies on Tuesday at a special meeting called after Syrian troops shot down a Turkish warplane last week in an incident Damascus said was self-defense but which Ankara branded an "act of aggression". It is only the second time in NATO's 63-year history that it has convened under Article 4 of its charter which provides for consultations when a member state feels its territorial integrity, political independence or security is under threat. ...
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UK hackers admit plotting attacks on CIA, firms
Mon,25 Jun 2012 02:36 PM PDT
Reuters - LONDON (Reuters) - Two British hackers pleaded guilty in a London court on Monday to plotting attacks against computers of international firms, law enforcement bodies and government agencies including the CIA, in a cyber crime spree that gained global attention. Ryan Cleary, 20, of southeast England, and Jake Davis, 19, of Scotland, both members of the hacking group LulzSec, pleaded guilty at London's Southwark Crown Court to charges they conspired with others to hack websites last year, Britain's Press Association reported. ... Full Story | Top |
African extremist groups linking up: U.S. general
Mon,25 Jun 2012 02:09 PM PDT
Reuters -  WASHINGTON (Reuters) - Three of Africa's largest extremist groups are sharing funds and swapping explosives in what could signal a dangerous escalation of security threats on the continent, the commander of the U.S. military's Africa Command said on Monday. General Carter Ham said there are indications that Boko Haram, al Shabaab and Al Qaeda in the Islamic Maghreb - groups that he labeled as the continent's most violent - are sharing money and explosive materials while training fighters together. ...
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Egypt's Mursi never made overtures to Iran, says aide
Mon,25 Jun 2012 02:09 PM PDT
Reuters -  DUBAI/CAIRO (Reuters) - An Iranian news agency said Egypt's Islamist President-elect Mohamed Mursi had voiced interest in restoring long-severed ties with Tehran to create a strategic "balance" in the region, but a Mursi aide denied the interview ever took place. Iran's Fars agency said it spoke to Mursi a few hours before Sunday's election results were announced and quoted him saying the two countries should get closer - comments that go counter to Western efforts to isolate Tehran over its nuclear program. ...
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Insight: Road to nowhere: the longest expressway India never had
Mon,25 Jun 2012 02:04 PM PDT
Reuters -  BALLIA, India (Reuters) - In a wheat field near the mighty Ganges river stands a cracked foundation stone surrounded by nibbling goats and farmers driving their cattle in the baking sun. Unveiled more than four years ago, it's all that remains of an ambition to build India's longest expressway, an eight-lane, 1,050-km (650-mile) road that would have run through Uttar Pradesh state and connected one of the country's most backward regions to the doorstep of the nation's capital. ...
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Rwanda says being made a scapegoat for Congo mutiny
Mon,25 Jun 2012 01:08 PM PDT
Reuters - UNITED NATIONS (Reuters) - Rwandan Foreign Minister Louise Mushikiwabo on Monday condemned "disingenuous" claims that high-ranking Rwandan officials are backing an army mutiny in the Democratic Republic of Congo as a bid to make Rwanda a scapegoat for its former enemy's problems. Mushikiwabo called for calm and warned that the situation had resulted in rhetoric reminiscent of the lead-up to a 1994 Rwandan genocide in which 800,000 Tutsis and Hutus were killed. ... Full Story | Top |
Tribal raids killed 900 South Sudanese in Dec-Feb: U.N
Mon,25 Jun 2012 01:02 PM PDT
Reuters - JUBA (Reuters) - Nearly 900 South Sudanese died during a burst of violence between rival cattle herding tribes in late 2011 and early 2012, the United Nations said on Monday, criticizing the newly formed state's army for failing to protect civilians. South Sudan, which split away from Sudan a year ago, has been struggling to stamp its authority on an undeveloped country the size of France awash with weapons. ... Full Story | Top |
Iraq bomb kills 9 young soccer players, fans: officials
Mon,25 Jun 2012 12:54 PM PDT
Reuters - BAGHDAD (Reuters) - Nine young soccer players and fans were killed when a bomb exploded near a pitch in southern Iraq, health officials said, in the latest of a wave of attacks raising fears of a return to widespread sectarian violence. The explosion in a predominantly Shi'ite Muslim area of the city of Hilla came the same day as police and hospital sources said a roadside bomb killed five people near a pet shop popular with young people in a Sunni Muslim area of the northern city of Baquba. ... Full Story | Top |
Cyprus seeks EU bailout for banks, budget
Mon,25 Jun 2012 12:51 PM PDT
Reuters - NICOSIA (Reuters) - Cyprus said on Monday it was applying to Brussels for a bailout, both for its banking sector hit by exposure to Greece and for its budget deficit, making it the fifth euro zone country to turn to the bloc's rescue funds for help. Tiny Cyprus has just four days left to raise at least 1.8 billion euros - equivalent to about 10 percent of its domestic output - to meet a deadline set by European regulators to recapitalize Cyprus Popular Bank, its second largest lender which saw its balance sheet hurt by bad Greek debt. ... Full Story | Top |
Two wounded in attack on Pakistan TV office: police
Mon,25 Jun 2012 12:37 PM PDT
Reuters - KARACHI (Reuters) - Gunmen on motorcycles opened fire at the offices of a Pakistani television news channel in the southern city of Karachi on Monday, wounding two people, including a security guard, police officials said. The gunmen fled after the attack, which targeted the building of Urdu-language news channel Aaj TV, police said. The Pakistan Taliban claimed responsibility for the shooting, and threatened attacks against other television channels that did not feature the Taliban point of view. ... Full Story | Top |
US says will work with Turkey to hold Syria "accountable"
Mon,25 Jun 2012 11:50 AM PDT
Reuters - WASHINGTON (Reuters) - The United States said on Monday it would work with NATO ally Turkey to hold Syria accountable for what U.S. officials believe was a deliberate act of shooting down a Turkish fighter jet. White House spokesman Jay Carney said the United States stood in solidarity with Turkey as it investigated last Friday's downing of the Turkish jet and determined its response. ... Full Story | Top |
Italy calls confidence votes Tuesday on labor reform
Mon,25 Jun 2012 11:42 AM PDT
Reuters - ROME (Reuters) - Italy's government has called four parliamentary confidence votes on its contested labor reform in order to win approval before Prime Minister Mario Monti attends a European Union summit in Brussels on Thursday. Minister for relations with parliament Piero Giarda announced the votes on various articles of the legislation, to cut short parliament's examination of the package which was presented by the cabinet in March. Three of the votes will be held in the Chamber of Deputies on Tuesday, and the final vote, and definitive approval of the reform, is due on Wednesday. ... Full Story | Top |
Three police die in Mexico City airport drug shootings
Mon,25 Jun 2012 11:34 AM PDT
Reuters - MEXICO CITY (Reuters) - Three federal police officers died in a shootout with suspected drug traffickers at Mexico City's airport on Monday, as panicked travelers scrambled to take cover amid the latest sign of encroaching violence in the country's capital. The police moved to detain drug suspects in the airport's Terminal 2 but were attacked, the security ministry said in a statement. Two agents were killed at the terminal and another died of his injuries after being taken to the hospital. ... Full Story | Top |
Exclusive: Dell bids $2.32 billion for Quest Software: source
Mon,25 Jun 2012 11:15 AM PDT
Reuters -  (Reuters) - Quest Software Inc has received an improved bid from Dell Inc to buy the maker of enterprise management software for about $2.32 billion, a source close to the matter said on Monday. Two bidders have recently been competing to buy Quest: a buyout group led by private investment firm Insight Venture Partners, and an undisclosed bidder. On Monday, a source close to the matter told Reuters that the mystery bidder was actually Dell, the No. 2 U.S. PC maker. Quest disclosed on Monday that it had received an improved bid of $27. ...
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Striking Bolivian police clash with government supporters
Mon,25 Jun 2012 11:14 AM PDT
Reuters -  LA PAZ (Reuters) - Striking police fired tear gas to keep supporters of President Evo Morales from rallying at the main square in Bolivia's capital on Monday on the fourth day of a mutiny over wages by lower-ranking police officers. Morales, a leftist leader who is Bolivia's first indigenous president, has faced increasingly thorny social conflicts in the past year in the Andean nation, but ruled out deploying troops to end the police rebellion. ...
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ECB has done a lot on crisis, has limits: Weidmann
Mon,25 Jun 2012 11:02 AM PDT
Reuters - HAMBURG (Reuters) - The European Central Bank has done a lot to tackle the euro zone crisis and is running up against the limits of its mandate, Bundesbank chief Jens Weidmann said on Monday. Weidmann, a member of the European Central Bank's Governing Council, resisted pressure from markets and some politicians for the ECB to do more to tackle the crisis by intervening to ease borrowing costs for governments in the euro periphery. ... Full Story | Top |
At least 18 killed in Uganda landslide
Mon,25 Jun 2012 10:35 AM PDT
Reuters - KAMPALA (Reuters) - At least 18 people were killed in eastern Uganda on Monday after a landslide buried several settlements in a coffee-growing area on the slopes of Mount Elgon straddling the Kenyan border, the Uganda Red Cross said. A local member of parliament, David Wakikona, told Reuters that up to 100 people could have been buried and local media reported that hundreds could be missing. It was not immediately possible to verify these reports. ... Full Story | Top |
Turkey says "no intention" of war after jet downed
Mon,25 Jun 2012 10:35 AM PDT
Reuters - ANKARA (Reuters) - Turkey said on Monday it had no intention of going to war with anyone after one of its jets was shot down by Syria last week and said it would only act in accordance with international law. "Whatever is needed to be done will definitely be done within the framework of international law. We have no intention of going to war with anyone. We have no such intent," Deputy Prime Minister Bulent Arinc told a news conference Turkey after a seven-hour cabinet meeting on the incident. (Writing by Jonathon Burch; Editing by Michael Roddy) Full Story | Top |
Syrian forces fire at second Turkish plane: Turkey
Mon,25 Jun 2012 10:20 AM PDT
Reuters - (Reuters) - Turkey said on Monday that Syrian forces had fired at a second Turkish plane which was searching for an F-4 reconnaissance jet shot down by Syria last week, but the second plane was not brought down. Deputy Prime Minister Bulent Arinc told a news conference that Turkey would protect itself, within the framework of international law, against what it called Syria's "hostile action" of downing its warplane last week. He said at the end of a seven-hour cabinet meeting on the incident that Syria's downing of the reconnaissance jet would "not go unpunished". ... Full Story | Top |
Egypt stirs Islamist joy, Gulf, Israeli doubts
Mon,25 Jun 2012 10:08 AM PDT
Reuters - LONDON (Reuters) - Egypt's new president may lack real foreign policy clout for now, but the mere fact that a Muslim Brotherhood man is at the helm of the biggest Arab nation will embolden fellow Islamists seeking revolutionary change around the Middle East. Mohamed Mursi's tenure as head of state is likely to unsettle Israel, please the Jewish state's arch-foe Iran, and dismay secularist critics of the Brotherhood at home and abroad who argue that political Islam is no antidote to unemployment, a flatlining economy and social misery, analysts say. ... Full Story | Top |
Greek finance minister resigns, crisis deepens
Mon,25 Jun 2012 09:50 AM PDT
Reuters -  ATHENS (Reuters) - Greece's new finance minister resigned because of ill health on Monday, throwing the government's drive to soften the terms of an international bailout into confusion days before a European summit. Vassilis Rapanos, 64, chairman of the National Bank of Greece, was rushed to hospital on Friday, before he could be sworn in, complaining of abdominal pain, nausea and dizziness. Greek media said he had a history of ill-health. ...
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Freed UK hostage says never seen Kenyan suspect
Mon,25 Jun 2012 09:44 AM PDT
Reuters - LAMU, Kenya (Reuters) - A British woman freed from captivity by Somali pirates in March told a Kenyan court on Monday she had never seen the man accused by Kenyan authorities of her kidnap, dealing a potential blow to the prosecution's case. Judith Tebbutt, who testified from Britain via a video link, was abducted from a remote beach resort near the Somali border in September by gunmen who shot dead her husband, David, before escaping by speedboat. "I have never seen this man before," Tebbutt said, referring to the Kenyan suspect Ali Babitu Kololo. ... Full Story | Top |
U.N. rights investigator in Syria for first talks: sources
Mon,25 Jun 2012 09:29 AM PDT
Reuters - GENEVA (Reuters) - A top U.N. human rights investigator has been holding talks in Damascus with senior Syrian officials to pave the way for an investigation into atrocities in the country, U.N. and diplomatic sources said on Monday. It is the first time Brazilian expert Paulo Pinheiro has been granted permission to enter Syria since his team was set up in September by the U.N. Human Rights Council. "He is trying to pave the way for us to be able to go into the country," a U.N. source told Reuters in Geneva. "We need to go before September when our final report is to be submitted. ... Full Story | Top |
Iran envoy returns to Azerbaijan after Eurovision
Mon,25 Jun 2012 09:22 AM PDT
Reuters - BAKU (Reuters) - Iran's ambassador to Azerbaijan, withdrawn last month in protest at Baku's hosting of the Eurovision Song Contest, has returned to his post in a sign of easing tension between the Caspian Sea neighbors. Tehran recalled its ambassador for consultations after Iranian clerics criticized Baku for hosting the flamboyant annual pageant of European pop, capping months of accusations by the two countries of meddling in each other's affairs. "Iranian ambassador Mr. (Mohammad Bagir) Bahrami returned to Baku and resumed ... his duties," the embassy spokesman said on Monday. ... Full Story | Top |
Greek finance minister resigns
Mon,25 Jun 2012 09:13 AM PDT
Reuters - ATHENS (Reuters) - Greece's new finance minister, Vassilis Rapanos, resigned on Monday after being ill in hospital for several days, the prime minister's office said. Rapanos sent a letter of resignation to Prime Minister Antonis Samaras who had accepted it, the office said in a telephone text message to journalists. Rapanos, 64, was rushed to hospital on Friday, before he could be sworn in, complaining of abdominal pain, nausea and dizziness. Greek media said he had a history of ill-health. (Reporting by Harry Papachristou; editing by Barry Moody) Full Story | Top |
Netanyahu urges action on Iran after meeting Putin
Mon,25 Jun 2012 08:51 AM PDT
Reuters -  JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu said on Monday it was time to ramp up sanctions against Iran to try to curb its nuclear programme after discussing the matter with visiting Russian President Vladimir Putin. In his first public comments on the inconclusive round of talks in Moscow last week between world powers and Iran, Netanyahu repeated Israel's three core demands. "I believe two things must be done now: strengthening the sanctions and also boosting the demands," Netanyahu said, without mentioning the possibility of Israeli military action should diplomacy ...
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Sudan finance minister: no retreat on cuts despite protests
Mon,25 Jun 2012 08:42 AM PDT
Reuters - KHARTOUM (Reuters) - Sudan's finance minister said on Monday the government would stick to its decision to cut fuel subsidies despite more than a week of anti-austerity protests in Khartoum and other cities. Sudanese police used teargas to disperse the latest demonstration which took place in an impoverished eastern region on Monday, witnesses said. The Arab-African country avoided the wave of unrest that toppled leaders in neighboring Libya and Egypt, but government moves to cut spending and take other austerity measures to plug a widening budget gap have provoked a spate of demonstrations. ... Full Story | Top |
Kuwait government submits resignation
Mon,25 Jun 2012 08:22 AM PDT
Reuters - KUWAIT (Reuters) - Kuwait's cabinet submitted its resignation to the Gulf state's ruler on Monday in a move some parliamentarians believe could be a first step out of the latest crisis that has stalled legislation and blocked reforms in the major oil producer. The government's resignation came days after a top court annulled a February parliamentary election that gave the Islamist-led opposition a majority, ruling that a previous more government-friendly assembly should replace it instead. ... Full Story | Top |
Italy and the missed opportunity of euro "purgatory"
Mon,25 Jun 2012 08:15 AM PDT
Reuters -  ROME (Reuters) - Antonio Fazio, the disgraced former governor of the Bank of Italy, warned half-jokingly in 1998 that the euro would not be paradise but a "purgatory" that would demand years of pain and sacrifice. Currently appealing a conviction for improperly trying to influence a bank takeover in 2005, Fazio is not much listened to these days, but his words have turned out to be frighteningly prophetic for Italy. ...
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NATO commander likely to visit Pakistan June 27
Mon,25 Jun 2012 08:15 AM PDT
Reuters - ISLAMABAD (Reuters) - The commander of NATO forces in Afghanistan, U.S. General John Allen, is likely to visit Pakistan on June 27 to review border coordination measures with Pakistan army chief General Ashfaq Kayani, Pakistan's military said in a statement on Monday. Islamabad and Washington are locked in difficult talks to repair badly frayed ties, at their lowest point in years after a cross-border NATO air strike killed 24 Pakistani soldiers in November last year. Pakistan blocked overland supply routes to NATO forces in Afghanistan to protest against the strike. ... Full Story | Top |
Egypt's Islamist president takes revolution to palace
Mon,25 Jun 2012 08:04 AM PDT
Reuters -  CAIRO (Reuters) - Mohamed Mursi, Egypt's first freely elected president whose powers have already been curbed by the army, began work on a coalition on Monday after touring his new palace, once home of Hosni Mubarak who banned his movement for three decades. Declared winner on Sunday a week after a tumultuous run-off vote that pitted him against a former air force chief, the Islamist faces the challenge of meeting sky-high expectations in a nation tired of turmoil while the economy is on the ropes. ...
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Merkel says shared debt "wrong" ahead of EU summit
Mon,25 Jun 2012 08:01 AM PDT
Reuters - BERLIN (Reuters) - German Chancellor Angela Merkel on Monday said shared debt liability within the euro zone was "economically wrong" and "counterproductive", in tough comments days ahead of a European Union summit. At the two-day Brussels summit starting on Thursday leaders are set to discuss a cross-border banking union, closer fiscal integration and the possibility of a debt redemption fund, as part of efforts to tackle a worsening debt crisis. That is an idea that France, Italy and others have pushed hard for but which Germany's conservative leader opposes. ... Full Story | Top |
Cyprus to hold crisis talks as bailout looms
Mon,25 Jun 2012 07:56 AM PDT
Reuters - NICOSIA (Reuters) - Cyprus moved to the brink of a financial bailout on Monday, announcing emergency talks on the economy that may determine whether the country seeks aid from its EU partners or looks further afield. The euro zone's third-smallest economy needs to raise the equivalent of 10 percent of its GDP by June 30 to recapitalize its second largest bank, heavily exposed to debt-crippled Greece. With its coffers emptying rapidly and hurtling towards an immovable deadline, the island suffered a further fiscal sovereign credit rating to junk status. ... Full Story | Top |
Netanyahu sees continued cooperation with Egypt
Mon,25 Jun 2012 07:42 AM PDT
Reuters - JERUSALEM (Reuters) - Prime Minister Benjamin Netanyahu said on Monday Israel expected future cooperation with the new administration of Egypt's Islamist President-elect Mohamed Mursi. "We expect to work together with the new administration on the basis of our peace treaty," Netanyahu told reporters after a meeting with visiting Russian President Vladimir Putin. "I believe that peace is important to Israel. I believe that peace is important to Egypt. ... Full Story | Top |
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