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World - Iran is complying with nuclear deal with powers - IAEA


Iran is complying with the terms of last year`s interim nuclear agreement with six world powers and is continuing to reduce its most sensitive uranium stockpile, a monthly update from the U.N. atomic agency obtained by Reuters showed on Thursday. But the report by the International Atomic Energy Agency (IAEA), which has a pivotal role in verifying that Iran is living up to its part of the deal, also indicated a delay in the commissioning of a nuclear conversion plant that Tehran needs to fulfill all parts of the six-month agreement by the time it ends on July 20. Under the landmark accord that took effect on January 20, Iran curbed some parts of its nuclear program in exchange for a limited easing of sanctions that have battered the oil producer`s economy. The IAEA update showed that Iran had - as stipulated by the November 24 agreement with the United States, France, Germany, Britain, China and Russia - diluted half of its higher-grade enriched uranium stockpile to a less proliferation-sensitive fissile concentration.


Thursday, April 17, 2014  11:05

Yahoo

World - Juncker wants politicians not bureaucrats in new EU executive


Strasbourg (France) (AFP) - Jean-Claude Juncker, a front-runner in the race to become president of the European Commission, told AFP he was ready to fight to have politicians rather than bureaucrats on his team. And to revive the European Union, it will be vital to get France and Germany back on the same page after May`s European elections, the long-time former Luxembourg premier said in an interview. The 59-year-old, who as head of the eurozone finance ministers` group steered the single currency through the crisis, has been nominated by the largest group in the European Parliament, the European People`s Party (EPP), as its candidate to be the next president of the Commission, the EU`s executive. `You`d have to be deaf and blind not to realise that the EU and the Commission are viewed with increasing suspicion,` said Juncker, a life-long supporter of the European project as the only answer to centuries of war and upheaval on the continent.


Wednesday, April 16, 2014  18:54

Yahoo

Business - EU regulators to probe extra state aid given to two Latvian banks


European Union regulators opened on Wednesday an investigation into state aid granted to Latvian Banks AS Parex banka and Citadele banka, saying the measure may have violated EU state aid rules. The European Commission, tasked with ensuring a level playing field in the 28-country bloc, said Latvian authorities may also have failed to carry out the banks` restructuring in line with their pledge to the EU watchdog. Parex banka was split into a good bank named Citadele banka and a bad bank called Parex, which was later renamed Reverta, in 2010 under an overhaul plan agreed with the Commission in return for approving its bailout. `The Commission has concerns that the additional measures were not limited to the minimum necessary,` the EU competition authority said in a statement.


Wednesday, April 16, 2014  11:01

Yahoo

Business - Firing Your Client: When Is the Customer Not Always Right?


As the old adage goes: `The customer is always right.` When is the customer not always right? What is proper business etiquette in regards to how much abuse one should take from a client who has pursued your expertise and commissioned you to do a job? With proper business training and many years of experience, this type of situation should be a guaranteed avoidance -- especially when your record of referrals and past client satisfaction has proven to be meritorious. The situation I have recently experienced has left me with no doubt that I did the right thing. I fired


Monday, April 14, 2014  19:31

Yahoo

World - Burundi creates reconciliation body that divides public opinion


By Patrick Nduwimana BUJUMBURA (Reuters) - Burundi, locked in its worst political crisis since its civil war ended in 2005, has created a reconciliation commission that opposition parties say will shield the ruling party from accountability for past crimes. The ruling CNDD-FDD party voted late on Thursday to launch the commission and let President Pierre Nkurunziza pick its members, who are to establish the truth about conflicts wracking Burundi since independence from Belgium in 1962. Lawmakers from the CNDD-FDD`s junior coalition partner parties, Uprona and Frodebu, boycotted the vote, a reflection of sharp differences over proposed constitutional changes they say will concentrate power in the ruling party`s hands. Concern over the constitutional changes - which could upset the volatile country`s delicate ethnic power balance and allow Nkurunziza to run for a third term - prompted the United States and the United Nations to warn against them last week.


Friday, April 18, 2014  14:16

Yahoo

World - EU agrees to Putin`s call for gas security talks


By Barbara Lewis BRUSSELS (Reuters) - The European Union told Russian President Vladimir Putin it is willing to hold talks with Moscow and Kiev on gas security as the bloc scrambles to defuse a deep political crisis over Russia`s annexation of Crimea. European Commission President Jose Manuel Barroso, replying to a letter Putin sent last week to 18 EU countries, accepted Putin`s proposal for three-way talks. `The European Union agrees on your proposal for consultations with the Russian Federation and Ukraine with regard to security of gas supply and transit,` Barroso said in his reply, released by the European Commission on Thursday.


Thursday, April 17, 2014  12:41

Yahoo

World - Guinea-Bissau run-off vote pits ex-finance minister Vaz against Nabiam


By Bate Felix and Alberto Dabo BISSAU (Reuters) - Jose Mario Vaz, Guinea-Bissau`s former finance minister, will face Nuno Gomes Nabiam, a candidate seen closest to the army, in a May 18 presidential run-off due to complete the country`s return to civilian rule. `Guinea-Bissau citizens have given a strong signal to the political class in coming out in huge numbers to exercise their civic rights,` Augusto Mendes head of the election commission said on Wednesday, referring to a turnout of over 80 percent. Vaz, candidate of the dominant party African Party for the Independence of Guinea and Cape Verde (PAIGC), secured 40.99 percent of the votes in the first round, according to election commission figures. Nabiam, the former chair of Bissau`s civil aviation agency, came second with 25.14 percent, the figures showed.


Thursday, April 17, 2014  00:45

Yahoo

World - Ex-finance minister Vaz to face Nabiam in Guinea-Bissau presidential run-off


Guinea-Bissau`s former finance minister, Jose Mario Vaz, will face Nuno Gomes Nabiam, an independent candidate, in a May 18 presidential run-off after no candidate secured a majority in the first round, the election commission said. Vaz, candidate of the dominant party African Party for the Independence of Guinea and Cape Verde (PAIGC), secured 40.99 percent of the votes in the first round, according to election commission figures released on Wednesday. Nabiam, the former chair of Bissau`s civil aviation agency, came second with 25.14 percent, the figures showed.


Wednesday, April 16, 2014  22:37

Yahoo

World - Ex-finance minister Vaz to face Nabiam in Guinea-Bissau election run off


Guinea-Bissau`s former finance minister, Jose Mario Vaz, will face Nuno Gomes Nabiam in a second round of the country`s presidential election after no candidate secured a majority in the April 13 vote, the election commission said. Vaz secured 40.99 percent of the votes in the first round and Nabiam came second with 25.14 percent, according to election commission figures released on Wednesday.


Wednesday, April 16, 2014  22:25

Yahoo

World - EU to host industry talks ahead of setting 2030 climate goals


The European Commission will hold three meetings this summer on how to ensure the bloc`s industries can compete in global markets while meeting goals to cut greenhouse gas emissions, it said on Wednesday. The meetings aim to gather views on rules determining if companies can continue to receive free carbon permits under the EU Emissions Trading System (ETS) beyond 2020, when current measures expire. The announcement follows the failure last month by EU leaders to agree on the bloc`s 2030 energy and climate goals, instead setting an October deadline amid divisions over whether to firm up the plan well ahead of global talks on tackling climate change. `The results of the consultations will provide input to the European Council`s October 22-23 discussions on the 2030 climate and energy framework,` the Commission said on its website.


Wednesday, April 16, 2014  21:03

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