Monday, May 28, 2012

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Monday, May 28, 2012 8:31 PM PDT
Today's Politics - Bloomberg News Headlines - Yahoo! News:
Huawei denies getting illegal Chinese subsidies
Mon,28 May 2012 06:51 PM PDT
Reuters -

The logo of the Huawei Technologies Co. Ltd. is seen outside its headquarters in Shenzhen, Guangdong provinceHONG KONG (Reuters) - Huawei Technologies Co Ltd denied on Tuesday that it benefited from illegal Chinese government subsidies after a media report said the European Union planned to take action against Chinese telecom equipment makers in an anti-dumping case. The Financial Times quoted unidentified EU officials and executives as saying that the commission had been gathering evidence in a case against China-based Huawei and ZTE Corp. ...


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Exclusive: Pakistan doctor in bin Laden case called corrupt, womanizer
Mon,28 May 2012 06:38 PM PDT
Reuters -

To match Exclusive PAKISTAN-BINLADEN-DOCTORISLAMABAD (Reuters) - The Pakistani doctor who helped the CIA find Osama bin Laden faced accusations of corruption and other wrongdoing long before he was captured by Pakistani intelligence agents and then jailed for 33 years for treason. In interviews over the weekend, several current and former Pakistani officials described the doctor, Shakil Afridi, as a hard-drinking womanizer who had faced accusations of sexual assault, harassment and stealing. They said his main obsession was making easy money. ...


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China to continue support for service outsourcing: paper
Mon,28 May 2012 06:06 PM PDT
Reuters - SHANGHAI (Reuters) - China will continue to support its service outsourcing sector after a tax incentive scheme expires at the end of 2013, the official Shanghai Securities News reported on Tuesday, citing assistant commerce minister Qiu Hong. China granted qualified service outsourcing companies preferential tax policies starting Jan 1, 2009, but the program will come to an end on Dec 31, 2013, the newspaper said. China's Ministry of Commerce will study ways to ensure the continuity of incentive policies for the industry, the article said. ... Full Story
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Romney tells vets dangerous world demands powerful military
Mon,28 May 2012 05:42 PM PDT
Reuters -

Mitt Romney, U.S. Republican presidential candidate and former Massachusetts governor, speaks during a memorial day ceremony held at the Veterans Museum & Memorial Center in San DiegoSAN DIEGO, California (Reuters) - Presumptive Republican presidential nominee Mitt Romney chose Memorial Day to proclaim to the American people his conviction that the world is a dangerous place, and the United States must remain its most formidable military power. "The world is not safe," Romney told veterans on Memorial Day. He was joined by Senator John McCain, in a speech to honor the veterans of America's wars. The United States now has two paths forward, Romney said. He called one "the pathway to Europe," suggesting Europe had acquiesced to geopolitical threats. ...


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Drug war victims' families blast Mexican candidates
Mon,28 May 2012 05:20 PM PDT
Reuters -

Mexican poet Sicilia and presidential candidate Vazquez Mota of the PAN in Mexico CityMEXICO CITY (Reuters) - Mexico's presidential candidates on Monday faced the families of people murdered, mutilated, and kidnapped in drug violence in a meeting that was marked by strong condemnations of corrupt police and politicians. In a stark reminder of the rampant crime facing Mexico's next president, distraught family members burst into tears and shouted at the four candidates sitting at the table opposite them in Mexico City's elegant Chapultepec Castle. ...


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Egyptians torch Shafiq headquarters as vote triggers violence
Mon,28 May 2012 04:40 PM PDT
Reuters -

Flyers of Egyptian presidential candidate and former prime minister Ahmed Shafiq are seen on the ground outside his campaign headquarters in CairoCAIRO/ALEXANDRIA (Reuters) - Demonstrators furious that Hosni Mubarak's last prime minister made it into the run-off for the country's presidential election set ablaze his campaign headquarters on Monday, underscoring the divisive outcome of the nation's historic vote. The campaign offices of Ahmed Shafiq, viewed as a symbol of Mubarak's rule, were set on fire after a group of protesters broke into and vandalized the premises, the state news agency reported. An official in the fire service confirmed the blaze had been extinguished without causing any casualties. ...


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Radical cleric Abu Qatada loses British bail request
Mon,28 May 2012 04:18 PM PDT
Reuters -

Jordanian preacher Abu Qatada is driven from a Special Immigration Appeals Commission (SIAC) hearing in central LondonLONDON (Reuters) - A radical preacher accused of giving spiritual inspiration to one of the 9/11 hijackers on Monday lost a bid to be freed from the British prison where he is being held ahead of moves to deport him to Jordan to face terrorism charges. The decision to refuse Abu Qatada bail at a special court will come as a relief to the British government which has been trying to expel the Jordanian cleric for a over decade. The judge also said he would not be able to rule on the legality of Qatada's deportation until November, following a two-week hearing starting on October 8. ...


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Fire kills 19, mostly children, in upscale Qatar mall
Mon,28 May 2012 04:11 PM PDT
Reuters -

Smoke is seen from a fire at the Villagio Mall, in Doha's west endDOHA (Reuters) - At least 19 foreign nationals, including 13 children, were killed in a fire that ripped through an upscale shopping mall in Qatar on Monday, the country's interior ministry said. The children were from New Zealand, Spain, Japan, the Philippines, and Benin, among other countries. A Spanish diplomatic source in Madrid told Reuters that four of the dead children were Spanish. It was not immediately clear what caused the blaze, which media reports said broke out at a childcare area at the Villagio Mall in Doha's west. ...


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Blair says feared fight with Britain's media barons
Mon,28 May 2012 04:05 PM PDT
Reuters -

A still image from broadcast footage shows Britain's former Prime Minister Tony Blair reacting after a protester disrupted his testimony at the Leveson Inquiry into the culture, practices and ethics of the media at the High Court in LondonLONDON (Reuters) - British leaders have no choice but to court powerful media barons such as Rupert Murdoch or risk savage press attacks which are "full on, full frontal, day in, day out," former Prime Minister Tony Blair told an inquiry on Monday. Interrupted by a heckler who accused him of being a war criminal for supporting the U.S. invasion of Iraq, Blair paused briefly before continuing calmly to justify his ties to Murdoch with whom he developed a close friendship. ...


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UK politicians "bowed" before Murdoch: deputy PM
Mon,28 May 2012 04:05 PM PDT
Reuters - LONDON (Reuters) - Britain's political class competed to "bow and scrape" before media tycoon Rupert Murdoch, Deputy Prime Minister Nick Clegg said on Tuesday, in comments aimed at setting his Liberal Democrats apart from the country's two other main parties. The Lib Dems, Britain's third-largest party, has had relatively few dealings with Murdoch and his News Corp media empire, which paid them little attention until they came to power in 2010 as part of a coalition government. ... Full Story
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UK politicians "bowed" before Murdoch - deputy PM
Mon,28 May 2012 04:04 PM PDT
Reuters -

Britain's Deputy PM and leader of the Liberal Democrats, Nick Clegg, delivers his speech to delegates on the final day of the party's conference in GatesheadLONDON (Reuters) - Britain's political class competed to "bow and scrape" before media tycoon Rupert Murdoch, Deputy Prime Minister Nick Clegg said on Tuesday, in comments aimed at setting his Liberal Democrats apart from the country's two other main parties. The Lib Dems, Britain's third-largest party, has had relatively few dealings with Murdoch and his News Corp media empire, which paid them little attention until they came to power in 2010 as part of a coalition government. ...


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Assad faces new international pressure after massacre
Mon,28 May 2012 03:47 PM PDT
Reuters -

Residents shout as they gather around a vehicle carrying United Nations observers in HoulaAMMAN (Reuters) - President Bashar al-Assad faces renewed international pressure to end the bloodshed in Syria but, with peace envoy Kofi Annan visiting Damascus, his government blamed Islamist militants for a massacre in which U.N. observers had implicated his army. Annan, on a mission from the United Nations and Arab League, is scheduled to meet Assad on Tuesday, when he can be expected to urge compliance with the tattered ceasefire deal which he brokered between government and rebels nearly seven weeks ago. ...


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Timeline : Egypt since revolt against Hosni Mubarak
Mon,28 May 2012 03:31 PM PDT
Reuters - (Reuters) - Here is a timeline of events in Egypt since protests against former President Hosni Mubarak began. January 25, 2011 - Anti-government protests begin across Egypt following the January 14 overthrow of Tunisia's president in the first of a series of Arab uprisings. January 28 - Mubarak orders troops and tanks into cities to quell demonstrations. Thousands cheer at news of intervention of the army, which is widely seen as a neutral force in politics, unlike police who are regularly deployed to stifle dissent. January 31 - New government is sworn in. ... Full Story
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Obama calls treatment of Vietnam War veterans "a disgrace"
Mon,28 May 2012 03:18 PM PDT
Reuters -

Obama is applauded by Linnington as he begins his remarks at the Memorial Day observance at Arlington National Cemetery in Arlington, VirginiaWASHINGTON (Reuters) - President Barack Obama called the treatment decades ago of returning Vietnam War veterans a "national shame" on Monday and promised as commander-in-chief not to send U.S. troops back into harm's way without a clear mission and strategy. Obama did not mention rising tensions with Iran and Syria or other potential threats in his remarks to veterans and military families on a hot, sunny Memorial Day, focusing instead on the legacy of Vietnam and his own efforts to wind down the Iraq and Afghanistan wars started by his predecessor, George W. Bush. ...


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Powerful "Flame" cyber weapon found in Iran
Mon,28 May 2012 03:17 PM PDT
Reuters -

To match Feature IRAN-INTERNET/BOSTON (Reuters) - Security experts said on Monday a highly sophisticated computer virus is infecting computers in Iran and other Middle East countries and may have been deployed at least five years ago to engage in state-sponsored cyber espionage. Evidence suggest that the virus, dubbed Flame, may have been built on behalf of the same nation or nations that commissioned the Stuxnet worm that attacked Iran's nuclear program in 2010, according to Kaspersky Lab, the Russian cyber security software maker that took credit for discovering the infections. ...


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Britain announces "pasty tax" U-turn
Mon,28 May 2012 02:52 PM PDT
Reuters -

File photogrpah shows Britain's Prime Minister David Cameron speaking to George Osborne in LondonLONDON (Reuters) - Britain's Conservative-led government is to modify a levy on hot takeaway food after months of criticism that its planned "pasty tax" showed it was out of touch with ordinary people. A Treasury spokeswoman said that Value Added Tax (VAT) would not be applied to hot takeaway food that is cooling down after being cooked - for example the popular Cornish pasties which shops rarely sell straight from the oven. ...


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Spain can count on aid from abroad: Polish cenbanker
Mon,28 May 2012 02:30 PM PDT
Reuters - LIMA (Reuters) - Spain could count on a firewall of international funding if its troubled banks need further recapitalization, but the depth of its problems pale next to those of Greece, Poland's central bank governor said on Monday. Investors are growing increasingly concerned Spain could be forced to seek an international bailout the euro zone can barely afford even though Spain's prime minister has said there will not be any European rescue for Spanish banks. ... Full Story
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Romney tells vets dangerous world demands powerful military
Mon,28 May 2012 02:28 PM PDT
Reuters -

Mitt Romney, U.S. Republican presidential candidate and former Massachusetts governor, speaks during a memorial day ceremony held at the Veterans Museum & Memorial Center in San DiegoSAN DIEGO, California (Reuters) - Presumptive Republican presidential nominee Mitt Romney chose Veterans Day to proclaim to the American people his conviction that the world is a dangerous place, and the United States must remain its most formidable military power. "The world is not safe," Romney told veterans on Memorial Day. He was joined by Senator John McCain, in a speech to honor the veterans of America's wars. The United States now has two paths forward, Romney said. He called one "the pathway to Europe," suggesting Europe had acquiesced to geopolitical threats. ...


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Fed's Plosser says U.S. to withstand euro fallout: WSJ
Mon,28 May 2012 02:24 PM PDT
Reuters -

Philadelphia Federal Reserve President Charles Plosser speaks at an Economics21 event in New York(Reuters) - The United States is well poised to withstand any fallout from Europe's escalating debt crisis, a top Federal Reserve executive told the Wall Street Journal. Charles Plosser, president of the Federal Reserve Bank of Philadelphia, said the United States should comfortably weather the debt crisis because its financial institutions have already cut their European exposure. Moreover, he said on the Journal's Monday online edition that "a flood of liquidity" into the United States, as investors seek safer assets, is more likely "than the drying up of liquidity. ...


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Egypt protesters set fire to Shafiq headquarters: media
Mon,28 May 2012 02:09 PM PDT
Reuters - CAIRO (Reuters) - A group of Egyptian protesters set fire to the campaign headquarters of presidential candidate Ahmed Shafiq in Cairo on Monday, the state news agency reported, after the ex-prime minister made it into the second round of the vote. The privately-owned Al-Hayat channel broadcast images of a the fire at Shafiq's campaign office in the Cairo district of Dokki, saying it had been caused by a group of protesters. It said there were no injuries. ... Full Story
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Congo probes alleged Rwandan support for rebels
Mon,28 May 2012 02:01 PM PDT
Reuters - GOMA, Democratic Republic of Congo (Reuters) - Authorities in Democratic Republic of Congo are investigating allegations that neighboring Rwanda is recruiting and training fighters in support of a new armed movement in its troubled eastern borderlands, a government spokesman said on Monday. The British Broadcasting Corporation, citing a confidential United Nations document, reported earlier on Monday that among the defectors from the newly formed militia were at least 11 Rwandan nationals who claimed to have been recruited in Rwanda. ... Full Story
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Canada aims to restore CP Rail service Thursday
Mon,28 May 2012 01:31 PM PDT
Reuters -

Picketers stand at the entrance to the CP Rail yards in CoquitlamOTTAWA/VANCOUVER (Reuters) - The Canadian government will force striking workers at Canadian Pacific Railway back to work with fast-track legislation aimed at restoring rail service by Thursday, Labour Minister Lisa Raitt said on Monday. The government introduced the legislation in the House of Commons on Monday to end a work stoppage by 4,800 locomotive engineers, conductors and rail traffic controllers at CP Rail, Canada's second-biggest railway. "From past precedent, we'd like CP Rail continuing to roll on Thursday. ...


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Quebec students, government try to end strike as tourism officials fret
Mon,28 May 2012 01:22 PM PDT
Reuters -

Montreal police stand in front of smoke during a protest against student tuition hikes in Montreal(Reuters) - The Quebec government opened talks with student leaders on Monday in a bid to end 16 weeks of a sometimes violent strike by students in the Canadian province that is threatening to disrupt next month's Formula One motor race in Montreal. More than 150,000 students, unhappy with proposed tuition hikes, are on strike, with many protesting noisily every night through the streets of Montreal in defiance of a new law that clamps down on demonstrations. "I think we are all obliged to resolve this, not just the government ... ...


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Bankia parent group BFA posts 2011 loss of 3.3 billion euros
Mon,28 May 2012 01:00 PM PDT
Reuters -

The logo of Spain's Bankia bank is seen on a wall of one of its branches in MadridMADRID (Reuters) - BFA, the parent group of nationalized Spanish bank Bankia , said on Monday it had restated its 2011 results to reflect a 3.3 billion euro loss, rather than a 41 million euro profit, following a bailout from the state. In a statement to the stock exchange regulator, BFA said the restated loss reflected a review of its loan portfolios and capital needs after a new audit and as part of the clean-up plan implemented by the government. BFA last Friday asked for a public bailout of 19 billion euros ($23.8 billion) on top of an earlier cash injection of 4.5 billion euros. ...


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Factbox: Five facts about "Flame"
Mon,28 May 2012 12:56 PM PDT
Reuters - (Reuters) - Researchers may have gleaned new information about the extent to which nations are engaged in cyber warfare with the discovery of a virus known as Flame. Kaspersky Lab, which on Monday claimed credit for uncovering Flame, believes the virus may be the work of the same nation or nations that built the Stuxnet worm that attacked Iran's nuclear program in 2010. Here are five key facts about Flame, according to researchers with Kaspersky Lab: Complexity: It is one of the most sophisticated pieces of malicious software ever discovered. It has about 20 times as much code than Stuxnet. ... Full Story
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Turkey approves indictment of Israeli commanders: report
Mon,28 May 2012 12:44 PM PDT
Reuters - ANKARA (Reuters) - A Turkish court has approved an indictment seeking multiple life sentences for four former Israeli military commanders over their alleged involvement in the 2010 killing of nine Turks on a Gaza-bound aid ship, state media reported on Monday. The indictment, prepared by Istanbul state prosecutor Mehmet Akif Ekinci, was submitted to the court last week and its approval effectively marks the start of a trial in absentia against the four men. ... Full Story
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Top Pentagon officer urges non-military pressure on Assad
Mon,28 May 2012 12:27 PM PDT
Reuters - WASHINGTON (Reuters) - The top U.S. military officer deplored the weekend massacre in Syria on Monday and urged the international community to use diplomatic and economic pressure to end the violence there. "The events in Syria over the weekend are just horrific, atrocious really," General Martin Dempsey said on "CBS This Morning" television program. Dempsey, chairman of the Joint Chiefs of Staff, said he expected international pressure to mount on Syria, where the massacre in Houla of 108 civilians, many of them children, drew U.N. National Security Council condemnation on Sunday. ... Full Story
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Syrian government: Islamists behind Houla massacre
Mon,28 May 2012 12:25 PM PDT
Reuters - AMMAN (Reuters) - Syrian authorities on Monday blamed Islamist militants for the massacre of 108 men, women and children in the town of Houla and denied U.N. and witness accounts that army tanks were in the area at the time. In a letter to the U.N. Security Council published by state media, the Foreign Ministry said the Syrian army had clashed with hundreds of armed men who it said committed Friday's massacre. The ministry said the killers used knives, which it called a "signature" of Islamist militant attacks. ... Full Story
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Damascus merchants strike over Houla killings
Mon,28 May 2012 12:24 PM PDT
Reuters - AMMAN (Reuters) - Sunni Muslim businesses closed in Old Damascus on Monday in the biggest act of civil disobedience by the capital's merchant class, a backbone of support for President Bashar al-Assad during Syria's 14-month revolt, activists said. The show of defiance was in protest against the massacre of at least 108 civilians in the town of Houla in central Syria, [ID:nL5E8GSF7O] and follows strikes elsewhere over the previous two days, they said. "More than 80 percent of shops have closed in some areas. ... Full Story
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Suu Kyi set for overseas venture after 24 years in Myanmar
Mon,28 May 2012 12:22 PM PDT
Reuters -

File photo of Myanmar pro-democracy leader Suu Kyi arriving at the lower house of parliament in NaypyitawBANGKOK (Reuters) - Nobel Peace Prize winner Aung San Suu Kyi ventures outside Myanmar for the first time in 24 years on Tuesday in an unmistakable display of confidence in the liberalisation taking shape in her country after five decades of military rule. The bright lights of Bangkok will greet Suu Kyi when she arrives in the Thai capital late on Tuesday, a stark contrast to her dimly lit home city of Yangon, where daily power outages have sparked protests by people testing the limits of freedom under a new quasi-civilian government. ...


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Leading Bahraini dissident Khawaja ends hunger strike
Mon,28 May 2012 12:13 PM PDT
Reuters - DUBAI (Reuters) - Jailed Bahraini activist Abdulhadi al-Khawaja ended a more than three-month-long hunger strike on Monday after what he described as his success in drawing attention to the issue of imprisoned activists, his wife and lawyer said. Bahrain, a U.S. ally and home to the U.S. Navy's Fifth Fleet, has been in turmoil since pro-democracy protests led by its majority Shi'ites erupted last year after revolts in Egypt and Tunisia. ... Full Story
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Zimbabwe drops charges against BBC's Petroc Trelawny
Mon,28 May 2012 11:58 AM PDT
Reuters - HARARE (Reuters) - BBC radio presenter Petroc Trelawny, being treated in a Zimbabwe hospital for a fractured arm, will not be prosecuted and is free to fly home, his lawyer told Reuters on Monday. Zimbabwean state lawyers decided not to prosecute Trelawny, who was detained on Thursday at an arts festival in Bulawayo and charged with working without a permit. He had fallen and injured his arm while in police custody, his lawyer said. "Yes, I'm happy to say the prosecution has declined to prosecute him. ... Full Story
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Milan court cuts sentences on 11 Red Brigades members
Mon,28 May 2012 11:20 AM PDT
Reuters - MILAN (Reuters) - A Milan appeals court on Monday cut jail sentences on 11 people who claim to be part of the radical left-wing Red Brigades even as concern builds in Italy about the possibility of a return to 1970s-style political violence. The appeals court upheld an earlier conviction that the 11 belonged to an armed band and subversive group, but struck down a charge that they were terrorists, a move which cut their jail terms by between one and three years. The defendants have regularly said that they do not recognize the "bourgeois" court that was judging them. ... Full Story
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RBC to book C$180 million gain on tax dispute
Mon,28 May 2012 11:16 AM PDT
Reuters - TORONTO (Reuters) - Royal Bank of Canada will register a C$180 million ($175.57 million) boost to its third-quarter results after resolving a tax dispute with Canada Revenue Agency in the bank's favor. RBC, Canada's largest lender, said on Monday it would release C$130 million from provisions taken to guard against potential losses stemming from the dispute. RBC spokeswoman Tanis Robinson said the bank had challenged a CRA reassessment of taxes centered on capital markets businesses the bank has since exited. "We resolved these tax matters with the CRA... ... Full Story
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Vatican says trust in Church hurt by scandal
Mon,28 May 2012 11:05 AM PDT
Reuters -

File photo of Pope's butler, Paolo Gabriele with Pope Benedict XVI at St. Peter's Square in VaticanVATICAN CITY (Reuters) - The Vatican, engulfed in the worst crisis in Pope Benedict's papacy, on Monday denied Italian media reports that cardinals were suspects in an investigation into leaks of sensitive documents that led to the arrest of the pope's butler. But while denying the reports, which said the butler was merely a courier in a behind-the-scenes struggle for power in the Holy See, the Vatican acknowledged that the often sordid affair would test the faith of Catholics in their Church. ...


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Brotherhood man reaches out before Egypt run-off
Mon,28 May 2012 11:03 AM PDT
Reuters -

Islamic presidential candidate Mohamed Mursi arrives to a polling station to cast his vote in Al-SharqyaCAIRO (Reuters) - Mohamed Mursi relied on the Muslim Brotherhood's unequalled political muscle to get to next month's run-off for the Egyptian presidency. He may need something extra to beat Ahmed Shafiq, Hosni Mubarak's last prime minister, in round two. The 60-year-old, U.S.-trained engineer is trying to build a grand coalition for a ballot-box fight that the Brotherhood is presenting as a battle to defend Egypt's revolution from Mubarak's old guard. Mursi has switched from a conservative to an inclusive message in the few days since the first round. ...


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Sudan's army says to withdraw from Abyei
Mon,28 May 2012 11:03 AM PDT
Reuters -

Sudanese military soldiers flash victory signs and hold up their weapons during the visit of Sudanese President Omar al-Bashir in HegligKHARTOUM/JUBA (Reuters) - Sudan will withdraw all its troops from the disputed border region of Abyei, its army spokesman said on Monday, removing a major obstacle to peace talks with its arch foe South Sudan. But with talks due to resume in Addis Ababa on Tuesday, South Sudan accused its northern neighbour of bombing its territory and killing 10 people. Sudan denied the charge. ...


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Sudan's army says to withdraw from Abyei
Mon,28 May 2012 10:55 AM PDT
Reuters - KHARTOUM/JUBA (Reuters) - Sudan will withdraw all its troops from the disputed border region of Abyei, its army spokesman said on Monday, removing a major obstacle to peace talks with its arch foe South Sudan. But with talks due to resume in Addis Ababa on Tuesday, South Sudan accused its northern neighbor of bombing its territory and killing 10 people. Sudan denied the charge. ... Full Story
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Cech extends Chelsea contract until 2016
Mon,28 May 2012 10:55 AM PDT
Reuters - LONDON (Reuters) - Czech Republic goalkeeper Petr Cech has extended his contract with Champions League winners Chelsea until 2016. Cech, who is in Prague preparing for Euro 2012 next month, has featured in more games (369) for the Londoners than any other overseas player. "I am really happy I will be a part of this great club for another four years," he told their website (www.chelseafc.com) on Monday. "I hope the next four years will be as successful as the last eight. ... Full Story
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Sudan's army says to withdraw from Abyei
Mon,28 May 2012 10:55 AM PDT
Reuters - KHARTOUM/JUBA (Reuters) - Sudan will withdraw all its troops from the disputed border region of Abyei, its army spokesman said on Monday, removing a major obstacle to peace talks with its arch foe South Sudan. Full Story
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