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World - Tunisia struggles to reform in face of protests

By Tarek Amara TUNIS (Reuters) - Tunisia is under pressure to speed up economic reforms, especially after two deadly attacks this year on its tourism industry, but the government is struggling with internal splits and resistance from trade unions and political opponents. Since its 2011 revolution, the North African state has completed a transition to democracy, an achievement for which a quartet of organizations won the Nobel Peace Prize last week, but international lenders want more economic reforms to curb high public spending. Against those demands, the government must manage the frustrations of ordinary Tunisians, mindful that it was poverty and lack of economic opportunity that prompted a young street vendor to burn himself to death and set in motion the uprising that ousted veteran autocrat Zine El Abidine Ben Ali.

Tuesday, October 13, 2015  16:13


World - Jubeir says Saudi sees no future for Bashar in Syria

RIYADH (Reuters) - Saudi Foreign Minister Adel al-Jubeir said on Tuesday that Riyadh`s position on Syria has not changed, insisting that President Bashar al-Assad has no future in Syria. Speaking at a joint news conference with French Foreign Minister Laurent Fabius, Jubeir also said that it was up to the Houthi group and former Yemen President Ali Abdullah Saleh to bring an end to the conflict. Fabius, in remarks translated into Arabic, called on Russia to use its influence to stop Assad from using barrel bombs in Syria and said Paris did not want Syria to descend into chaos. ...

Tuesday, October 13, 2015  16:48


World - Malaysia prosecutor says right to clear 1MDB over central bank report

Malaysia`s attorney general said on Tuesday that he was right to close an investigation by the country`s central bank into troubled state-owned investor 1MDB as there was no evidence the fund`s officials had knowingly flouted the law. Last week Bank Negara Malaysia (BNM) said it had urged attorney general Mohamed Apandi Ali to prosecute 1MDB, saying the fund had secured permits to remit $1.83 billion overseas based on inaccurate or incomplete disclosure of information, breaching domestic regulations. The central bank`s statement raised the pressure on 1MDB, which is at the center of a political crisis in Malaysia over its debt of nearly 42 billion ringgit ($10.05 billion) and alleged financial graft.

Tuesday, October 13, 2015  10:13


World - Takeover target SABMiller doubles cost savings

British brewer SABMiller doubled the group`s cost savings target on Friday, ramping up its defences to help fend off a vast takeover bid from AB InBev. The improved third bid -- pitched at £42.15 per share in cash and worth £68 billion ($103 billion, 92 billion euros) -- was rejected by the SABMiller board as being too low.

Friday, October 09, 2015  18:46


World - SABMiller says agrees mega takeover by rival brewer AB InBev

London (AFP) - British brewer SABMiller announced Tuesday that it had agreed a takeover by Anheuser-Busch InBev, the world`s biggest beer producer, in a deal worth about £71 billion ($109 billion, 96 billion euros).

Tuesday, October 13, 2015  07:48


World - Budweiser`s AB InBev tops up bid for SABMiller to $108 bn

In its fourth and possibly last bid following a series of rejections, Belgian-Brazilian AB InBev made an offer to the board of Britain`s SABMiller on Monday worth £43.50 per share ($66 or 58.7 euros). SABMiller has said previous bids were too low and undervalued the company, upping the pressure ahead of Wednesday`s regulatory deadline when AB InBev must make an official offer or walk away for at least six months. `Anheuser-Busch InBev notes recent speculation and confirms that it has today made an improved proposal to the Board of SABMiller plc to combine the two companies and build the first truly global beer company,` AB InBev said.

Monday, October 12, 2015  16:51


Sports - Fitzpatrick wins maiden title at British Masters

Englishman Matthew Fitzpatrick won his first professional tournament, and a £500,000 (674,500 euros/$766,000) first prize, when he finished two strokes clear at the British Masters on Sunday. A final round of three under par 68, left him 15-under over 72 holes, and two strokes in front of Denmark`s Soren Kjeldsen, Paraguay`s Fabrizio Zanotti and Irishman Shane Lowry. The 21-year-old from Sheffield, who was the 2013 US Amateur champion, nailed crucial birdies at 11, 12, 15 and 17 while Kjeldsen stumbled when he hit his tee shot behind a tree at the 16th, with the two players tied, and made bogey during a key moment down the stretch.

Sunday, October 11, 2015  18:51


World - Britain`s SABMiller rejects new AB InBev bid in beer battle

British beer giant SABMiller rejected Wednesday an improved $103-billion takeover from Anheuser-Busch InBev, arguing it was too low, but a split emerged with top shareholder Altria. AB InBev, the world`s biggest brewer behind lager brands like Budweiser, Corona and Stella Artois, had earlier lodged its third offer worth £68 billion or 92 billion euros for the British maker of Foster`s, Grolsch and Pilsner Urquell. `The board of SABMiller has now met formally to consider the new proposal announced by AB InBev today,` the company said in a brief statement rebutting the latest takeover tilt from the Belgian-Brazilian drinks firm.

Wednesday, October 07, 2015  18:16


World - In Egypt, elections look set to cement return to the past

By Lin Noueihed and Ali Abdelaty MINYA, Egypt (Reuters) - Holding court behind a battered desk at his campaign office in the southern town of Minya, Bahaa Fikry embodies Egypt`s past. A provincial apparatchik in Hosni Mubarak`s ruling party before the 2011 Arab Spring uprisings swept them both from power, Fikry may well represent Egypt`s future too if he wins a seat in this month`s parliamentary elections. The country needs us, or needs me personally, at this stage. On paper, Egypt`s first parliament in three years should be a powerful one.

Tuesday, October 13, 2015  13:13


Middle East - Ayatollah Ali Khamenei Warns Against More U.S.-Iran Talks

Months after the countries reached a nuclear accord, Iran`s highest leader said other negotiations were forbidden.

Wednesday, October 07, 2015  15:16

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