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World - El Nino has emerged and expected to strengthen: Australian weather bureau

By Colin Packham SYDNEY (Reuters) - An El Nino is now well established and continues to strengthen, the Australian Bureau of Meteorology (BOM) said, with models indicating that sea-surface temperature anomalies in the central Pacific Ocean are set to climb to the highest in 19 years. The El Nino, marked by a warming of sea-surface temperatures in the Pacific, can lead to scorching weather across Asia and east Africa but heavy rains and floods in South America. `This past week the central tropical Pacific is 1.6 degree Celsius above normal, and slowly warming still - and forecast by models to continue warming,` Andrew Watkins, supervisor, Climate Prediction Services at the BOM, said on Tuesday.

Tuesday, August 04, 2015  08:17


World - Pope to lead Havana mass next to Che Guevara portrait

Workers in Cuba have begun building the altar where Pope Francis will deliver mass during a landmark visit next month, placing it just to the left of a giant image of Che Guevara. Francis, who hails from Argentina like the famous revolutionary, will visit Cuba September 19 to 22 as part of a tour that will later take him to the United States. The 36-meter (118-foot) work is based on an iconic 1960 photo of Guevara by Alberto Korda that has also been reproduced on T-shirts and posters worldwide.

Monday, August 03, 2015  23:37


World - Union boost for leftwinger hoping to lead UK`s Labour party

Britain`s opposition Labour party looked closer than ever to surging to the left on Wednesday after the anti-austerity, pro-nationalisation leadership candidate won the backing of two major trade unions. Long-serving lawmaker Jeremy Corbyn had initially been dismissed as an outsider with no chance of replacing Ed Miliband, who quit as Labour leader following the party`s dismal showing in May`s general election. Last week a YouGov poll put him well ahead of his rivals, while bookmakers William Hill, which initially had him as the 200/1 outsider, now has him as the favourite on 11/8, meaning you would have to gamble £8 to win £11.

Wednesday, July 29, 2015  21:00


World - Barclays profits jump awaiting new CEO

Barclays increased net profits by 43 percent in the first half as cost-cutting and higher revenue offset provisions for settling a series of scandals, the troubled British bank announced Wednesday. Barclays, which earlier this month sacked chief executive Antony Jenkins, said profit after tax increased to £1.611 billion ($2.512 billion, 2.275 billion euros) in the six months to the end of June from £1.126 billion in the first half of 2014. `The results reported today represent continued good progress for the business,` said John McFarlane, who, in the role of executive chairman, has replaced Jenkins on an interim basis awaiting the appointment of a new chief executive officer.

Wednesday, July 29, 2015  09:56


World - UK to start selling RBS shares with 5.2% stake

Britain is to start selling off its shares in the Royal Bank of Scotland by disposing of 5.2 percent of the state-rescued institution, the Treasury announced Monday. RBS was bailed out with public money at a cost of £45.5 billion ($70.9 billion, 64.7 billion euros) following the 2008 global financial crisis and the British government holds 78.3 percent of the bank`s shares. The Treasury owns its stake in RBS through UK Financial Investments and finance minister George Osborne, the chancellor of the Exchequer, agreed with the limited company`s desire to start the sell-off, officials said.

Monday, August 03, 2015  18:33


World - Five things we learnt from the Community Shield

Arsenal beat Chelsea 1-0 in the Community Shield on Sunday, securing the first trophy of the new English season and setting the stage for the start of the Premier League next weekend. After enduring years of costly calamities from his goalkeepers, Arsenal manager Arsene Wenger hopes his £10 million pre-season swoop for Petr Cech will finally bring some much-needed stability between the posts and the early signs look promising. With Chelsea bombarding the penalty area with crosses in the closing stages, Cech never flinched and even when he couldn`t claim cleanly his defenders had been organised well enough by the Czech to ensure no damage was done.

Sunday, August 02, 2015  18:31


World - Royal Dutch Shell to cut 6,500 jobs on oil price slump

Royal Dutch Shell on Thursday said it plans to reduce its headcount by 6,500 this year owing to sliding oil prices and as it looks to complete a mega takeover. `Today`s oil price downturn could last for several years, and Shell`s planning assumptions reflect today`s market realities,` the company said in a statement, adding that it anticipates `some 6,500 staff and direct contractor reductions in 2015`. Shell earlier this year unveiled a mega-takeover of British rival BG Group worth £47 billion ($73 billion, 67 billion euros), as the two firms consolidate their positions in a sector slammed by the oil price slump.

Thursday, July 30, 2015  08:02


World - Britain gives extra £7m for French border migrant crisis

Britain`s interior minister announced Tuesday an extra £7 million ($11 million, 10 million euros) towards improving security at the French end of the Channel tunnel after a mass illegal immigration attempt. Home Secretary Theresa May made the announcement following talks in London with her French counterpart Bernard Cazeneuve, centred on the ongoing migrant crisis in the French port of Calais. About 2,000 migrants tried to enter Eurotunnel premises in Calais overnight Monday in a desperate bid to reach Britain through the Channel tunnel.

Tuesday, July 28, 2015  20:13


Market - China`s stock market continues its dramatic slide

China stocks continued their free fall on Tuesday, as investors ignored efforts by regulators to calm markets.

Tuesday, July 28, 2015  09:27


Market - China`s stock market continues to free fall

China stocks continued their free fall on Tuesday, as investors ignored efforts by regulators to calm markets.

Tuesday, July 28, 2015  03:42

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