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Business - U.S. economic growth slows in fourth quarter; corporate profits fall

By Lucia Mutikani WASHINGTON (Reuters) - U.S. economic growth cooled in the fourth quarter as previously reported and after-tax corporate profits recorded their biggest drop since early 2011, as a strong dollar dented the earnings of multinational corporations. Businesses throttled back on inventory and equipment investment, but robust consumer spending limited the slowdown in the pace of activity in the fourth quarter. Corporate profits from outside the United States decreased $36.1 billion after increasing $16.5 billion in the previous quarter. Economists polled by Reuters had expected fourth-quarter GDP growth would be revised up to a 2.4 percent rate.

Friday, March 27, 2015  13:42


World - Saudi bombs Yemen rebel camps, lashes out at Iran

Arab coalition warplanes bombed rebel camps in Yemen on Friday in a second straight day of strikes led by Saudi Arabia, which accused Iran of `aggression` across the region. Sunni-ruled Saudi Arabia has vowed to do `whatever it takes` to prevent the fall of its ally President Abedrabbo Mansour Hadi, accusing Shiite Iran of backing the Huthi rebels` power grab. At dawn on Friday, three air strikes hit the presidential compound in south Sanaa which the rebels seized last month, witnesses said. The conflict has thrown up a major hurdle to Washington`s longstanding drone war against Al-Qaeda militants who have exploited the power vacuum in Yemen since a 2011 uprising.

Friday, March 27, 2015  10:46


World - Turkey approves controversial bill increasing police powers

ANKARA, Turkey (AP) — Turkey`s parliament has approved a contentious security bill giving police heightened powers to search, arrest and use firearms.

Friday, March 27, 2015  10:46


World - Turkey passes tough new security law, raising fears of election crackdowns

By Jonny Hogg and Gulsen Solaker ANKARA (Reuters) - Turkey`s parliament overwhelmingly passed a security law on Friday to broaden police powers and allow the use of firearms against demonstrators, deepening fears of crackdowns on dissent ahead of parliamentary elections. The legislation has sparked fierce criticism from opposition parties who say the ruling AK Party is becoming more authoritarian. Members of Turkey`s restive Kurdish minority say the law could be used to target them. (Reporting by Jonny Hogg and Gulsen Solaker, writing by Jonny Hogg; Editing by Daren Butler and David Dolan)

Friday, March 27, 2015  09:53


World - Turkey could provide logistical support to Yemen operation

ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan says his country could provide logistical support to the Saudi Arabia-led operation in Yemen.

Friday, March 27, 2015  11:47


World - Japan makes a start on sharing lessons from nuclear crisis

By Megan Rowling SENDAI, Japan (Thomson Reuters Foundation) - When professional boxer and model Tomomi Takano heard that children in Japan`s Fukushima prefecture were becoming unfit and overweight as the 2011 nuclear crisis there limited the time they could play outside, she decided to use her skills to help. `They really concentrated on the boxing and tried hard,` she said at a recent U.N. conference on disasters in the northeastern city of Sendai. The boxer hopes to run more sessions in Fukushima to improve children`s agility and provide an outlet for their emotions. Takano and civil society activists in Sendai said they wanted to communicate to the rest of the world the human impacts of the crisis sparked when a huge earthquake and tsunami caused nuclear reactors at the Fukushima Daiichi plant to melt down four years ago.

Friday, March 27, 2015  01:20


World - Turkey`s Erdogan says can`t tolerate Iran bid to dominate Middle East

By Humeyra Pamuk ISTANBUL (Reuters) - Turkish President Tayyip Erdogan accused Iran on Thursday of trying to dominate the Middle East and said its efforts have begun annoying Ankara, as well as Saudi Arabia and Gulf Arab countries. Turkey earlier said it supports the Saudi-led military operation against Houthi rebels in Yemen and called on the militia group and its `foreign supporters` to abandon acts which threaten peace and security in the region. `Iran is trying to dominate the region,` said Erdogan, who is due to visit Tehran in early April. This has begun annoying us, Saudi Arabia and the Gulf countries.

Thursday, March 26, 2015  21:01


World - Turkey`s Erdogan says can`t tolerate Iran bidding to dominate Middle East

Turkish President Tayyip Erdogan said on Thursday that Iran has been trying to dominate the Middle East and its efforts have begun annoying Ankara, as well as Saudi Arabia and Gulf Arab countries. Iran has to understand,` Erdogan told a press conference, adding that Tehran should withdraw any forces it has in Yemen as well as Syria and Iraq, and respect the territorial integrity of these countries.

Thursday, March 26, 2015  19:28

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