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World - British inflation jumps to 1.6%

British annual inflation jumped in December to the highest level in two and a half years, data showed Tuesday, as a slide in sterling since the Brexit vote starts to lift costs generally. The 12-month inflation rate hit 1.6 percent last month compared with 1.2 percent in November, the Office for National Statistics (ONS) said in a statement. `Price movements for the majority of the broad groups of goods and services acted to increase the rate between November 2016 and December 2016,` the ONS said in a statement.

Tuesday, January 17, 2017  10:29


World - Macron momentum threatens French election frontrunners

By Michel Rose PARIS (Reuters) - In May last year, then French Economy Minister Emmanuel Macron sat down with Socialist lawmaker Christophe Sirugue in the steel town of Le Creusot and asked him to join his new political movement. A political outsider who has never run for office and hopes to transcend the classic Left-Right divide, Macron suddenly seems to have a fighting chance of winning the keys to the Elysee Palace and becoming president before he turns 40. The latest polls show him breathing down the necks of conservative frontrunner Francois Fillon and the far right`s Marine Le Pen and he is drawing larger crowds than both at rallies across France.

Tuesday, January 17, 2017  10:29


Business - Credit Suisse CEO sees conditions improving in 2017: Bloomberg TV

Credit Suisse Chief Executive Tidjane Thiam sees market conditions improving during 2017 as the bank`s reorganization gathers pace and its efficiency drive continues. Switzerland`s second-biggest lender has accelerated its transformation and achieved `a lot` in 12 months, Thiam told Bloomberg TV in an interview from Davos on Tuesday. Credit Suisse was now in a decent capital position and was progressing at `full speed` toward the flotation of its Swiss bank unit later this year, Thiam said.

Tuesday, January 17, 2017  10:22


Business - BAT agrees to buy Reynolds for $49 billion

British American Tobacco has agreed a $49.4 billion takeover of U.S. rival Reynolds American Inc , creating the world`s biggest listed tobacco company after it increased an earlier offer by more than $2 billion. BAT, which already owned 42 percent of Reynolds, will pay $29.44 in cash and 0.5260 BAT shares for each Reynolds share, it said, a 26 percent premium over the price of the stock on Oct. 20, the day before BAT`s first offer was made public. Reynolds, the maker of Camel and Newport cigarettes, rejected the approach a month later, according to sources, although the two sides remained in talks.

Tuesday, January 17, 2017  10:04


World - Chinese official fired after calling Mao `a devil`

An official in northern China has been fired after he called the founder of modern China Mao Zedong a `devil` on social media and called the annual commemoration of Mao`s birthday `the world`s largest cult activity`. Mao, who died on Sept. 9, 1976, is still officially venerated by the ruling Communist Party as the founder of modern China and his face appears on every yuan banknote. In a statement late Monday, the Shijiazhuang Bureau of Culture, Radio, Film, TV, Press and Publication said that its deputy director Zuo Chunhe had been sacked for `posting wrong remarks` on China`s Twitter-like Weibo service and `serious violation of political discipline`.

Tuesday, January 17, 2017  02:18


Top Stories - How a nation`s sporting heroes pleased a murderous dictator

They were the sporting heroes of a nation, the no-hopers that showed up Africa`s footballing establishment and whose success saw them showered with gifts by the notorious dictator Idi Amin.

Tuesday, January 17, 2017  00:11


Business - Italy rejects Germany`s emissions allegations against Fiat Chrysler

Tests conducted on Fiat Chrysler vehicles show they are compliant with regulations and contain no emissions defeat devices as alleged by Germany, Italy`s transport ministry said in a statement on Monday. Tensions have risen between Rome and Berlin over the issue, with German Transport Minister Alexander Dobrindt saying at the weekend that Fiat Chrysler vehicles breaking emissions rules should be recalled and taken off the streets. You don`t give orders to a sovereign nation like Italy,` Italian Transport Minister Graziano Delrio said.

Monday, January 16, 2017  23:53


World - Turkish police catch Istanbul nightclub attacker in city

Turkish police on Monday captured the suspected jihadist who slaughtered 39 people on New Year`s night at an Istanbul nightclub, detaining him in a raid on a residential area of the city after a long manhunt. The alleged assailant was found along with his four-year-old son in an apartment in the Esenyurt district of Istanbul after a massive police operation, state-run TRT television reported. The attacker had been on the run for over two weeks, after slipping into the night following the attack on the glamorous Reina nightclub on the Bosphorus.

Monday, January 16, 2017  23:21


World - France`s Sapin says UK government seems to be `improvising` on Brexit

The British government was not prepared for taking Britain out of the European Union and now appears to be improvising on its Brexit policy, French Finance Minister Michel Sapin said on Tuesday. `All of this shows how helpless the British government is in the face of a situation that some of them didn`t want,` Sapin added.

Tuesday, January 17, 2017  09:09


Asia-Pacific - Concerns over first snow and common leopards found in same area

Video footage showing snow leopards and common leopards sharing the same habitat causes alarm.

Tuesday, January 17, 2017  08:04

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