More pressure placed on world leaders to deliver on rescue plan
Japan sinks into recession
reuters
TOKYO — Japan unexpectedly sank into recession in the third quarter, even before it felt the full force of the financial crisis, putting more pressure on world leaders to deliver on a promised global economic rescue plan.
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Another major player hit by global economic slowdown
Japan enters recession too
reuters
Toyota Motor Corp. has cut full-year profit forecast to 550 billion yen (US$5.5 billion) — about a third of last year’s earnings. And Sony Corp., whose July-September profit plunged 72 percent, expects to make 59 percent less this fiscal year than last year.
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sharp contraction
Forecasters: US in 14-month recession
reuters
NEW YORK — The US economy fell into a recession last spring and will contract sharply this quarter as more than 200,000 workers per month are added to the rolls of the unemployed, a survey said yesterday.
The Philadelphia Federal Reserve's latest Survey of Professional Forecasters removed some of the glow...
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citi to cut 52,000 jobs
Wall St falls as Citi, Japan news deepen worries
NEW YORK — US stocks slid yesterday as the global economic outlook worsened, with Japan becoming the latest major economy to slide into recession and Citigroup Inc.revealed plans to slash 15 percent of its workforce.
Contributing to the dreary economic picture, a Philadelphia Federal Reserve Bank survey showed private-sector economists believe...
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biofuels
Brazil says ethanol production won’t harm Amazon
SAO PAULO — Expansion of vast sugarcane plantations across Brazil to meet growing worldwide demand for ethanol won’t harm the Amazon, a top Brazilian official said yesterday.
Speaking at the start of a five-day international conference on biofuels, presidential chief of staff Dilma Rousseff said Brazil will soon unveil an...
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Tutsi militants ignore peace talks and continue to advance
Congo rebels take army base
RWINDI, Congo — Tutsi rebels in eastern Congo have overrun a government army base, advancing despite their leader’s pledge to respect a ceasefire and engage in UN — backed peace talks, witnesses said yesterday
Government troops abandoned their position late on Sunday at Rwindi, 130 km north of Goma in Democratic...
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french police detain Garikoitz Aspiazu Rubina, spain’s most wanted man
Suspected leader of ETA arrested
MADRID— French police have arrested the suspected leader of Basque separatist rebels ETA, believed to be behind attacks including the bombing of Madrid airport in 2006, the Spanish and French governments said yesterday.
Garikoitz Aspiazu Rubina, known by his alias “Txeroki” or “Cherokee” and Spain’s most wanted man, was arrested along...
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News in brief
Peru
LIMA — Peruvian police arrested a man with 36 grenades in his backpack yesterday, just days before 21 heads of state meet in Lima for the APEC summit and one day after insurgents killed three officers in southern Peru. On Sunday, the group, which has largely abandoned its ideological struggle...
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Israeli Prime Minister promises their release in a goodwill gesture
Israel to free 250 Palestinian prisoners
JERUSALEM — Israeli Prime Minister Ehud Olmert yesterday promised to release 250 Palestinian prisoners, a goodwill gesture to the moderate Palestinian president at a summit overshadowed by violence in Gaza.
Even as Olmert and Palestinian President Mahmoud Abbas met in Jerusalem, Gaza militants were firing rockets, underlining the fact that...
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After months of denouncing the deal, tehran takes a surprising stance
Iran positive about US-Iraq security pact
TEHRAN— Iran took a surprisingly positive stance yesterday on the Iraq-US security pact after months of harshly denouncing the deal, which would keep US troops in Iraq for three more years. One of the clerical state’s most powerful figures praised the Baghdad government’s handling of the agreement.
Some hard-liners continued...
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Violence and suicide attacks kill many
Pakistan bomb kills 4
ISLAMABAD — A suicide car bomber attacked an army checkpoint in northwestern Pakistan yesterday, killing four security personnel, while violence elsewhere in the region left at least five suspected militants dead, authorities said.
Pakistan is engaged in a pair of major offensives against militants who use pockets of its northwest...
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Obama and McCain meet to discuss future of US
Ideals shared at first meeting
CHICAGO — Former campaign rivals President-elect Barack Obama and Senator John McCain met yesterday to talk about how they can work together, in their first meeting since Obama beat McCain in US historic November 4 election.
Obama, who resigned his Senate seat on Sunday, has been interviewing some of his...
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Traces of uranium found at Syria site
Fears of nuclear reactor in Syria
DUBAI — The head of the UN’s nuclear watchdog said yesterday the agency needs more transparency from Syria and other nations to determine whether traces of uranium found at a site bombed by Israeli planes indicate Damascus was building a nuclear reactor there.
International Atomic Energy Agency chief Mohamed ElBaradei...
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MEDIA CENSORSHIP OF CONTROVERSIAL MURDER CASE
Media muzzled in Egyptian tycoon murder trial
CAIRO, Egypt — Media in Egypt have been banned from reporting on the high-profile murder trial of an Egyptian tycoon with strong political ties, and cameras were kept outside the courtroom yesterday after the judge in the case imposed a gag order.
The decision to muzzle the media came on...
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Economic slowdown doesn’t shrink Chinese investment into Latin America
China still has Latin American ambitions
LIMA, Peru — China isn’t letting the global financial crisis shrink its ambitions in Latin America, where it has sunk billions into mining and replaced the United States as Chile’s top trading partner.
Chinese trade with Latin America has grown more than tenfold since 2000, and shows little sign of...
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governments need to review how they respond to it
Re-thinking homegrown terrorism
by busso von alvensleben
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