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World - Another Mexican drug lord caught, but victory elusive

Mexico`s government dealt a major blow to the Knights Templar drug cartel by capturing its last leader, but the proliferation of new armed groups shows the government is far from victory. The arrest of Servando `La Tuta` Gomez, whose gang has tormented the western state of Michoacan for years, was a much-needed victory for embattled President Enrique Pena Nieto. For months now, Pena Nieto has endured protests over his government`s handling of the investigation into the presumed murder of 43 college students by a police-backed gang.

Saturday, February 28, 2015  23:08


World - Greece seen topping EU economic growth list next year

Greece`s economic growth rate will be the highest in the European Union next year, the European Commission has estimated, although its optimism is based on the assumption that Greece sticks to its bailout commitments. Greece`s economy returned to growth in the second quarter of 2014 after six years of recession, expanding by 1.0 percent over the year, the Commission said in its latest economic forecasts released on Thursday The Commission sees 2015 growth of 2.5 percent as lower oil prices and higher disposable income boost private consumption and exports, notably tourism and shipping, prosper from the weaker euro and increased competitiveness. The Commission also forecast that Greece`s economy would expand by 3.6 percent in 2016, a rate matched only by Ireland and Latvia. The Commission`s report added that there were risks to its forecasts, with political uncertainty threatening to undermine confidence, consumption and investment.

Thursday, February 05, 2015  15:03


World - EXCLUSIVE: Irving downplays air quality problems at Canada oil-rail terminal

By Richard Valdmanis BOSTON (Reuters) - Irving Oil has told regulators that recent air quality testing it commissioned around its oil-by-rail terminal in Saint John, New Brunswick, Canada`s largest such facility, shows no cause for public health concern. Irving commissioned the study after it was flooded with complaints from residents of the eastern province`s most populous city last winter about powerful smells wafting toward downtown when trains unloaded their cargoes. ...

Thursday, November 20, 2014  17:50


World - Pope orders bishops to cooperate with sex abuse commission

By Philip Pullella VATICAN CITY (Reuters) - Pope Francis on Thursday ordered Roman Catholic bishops around the world to fully cooperate with a commission he set up to protect children from sexual abuse by clerics and to give the issue top priority even if it unearths new scandals. The pope sent the letter to the bishops and heads of religious institutions a day before the commission, which he established last year, was due to hold its first full meeting. In the letter, the pope says: `Everything possible must be done to rid the Church of the scourge of the sexual abuse of minors and to open pathways of reconciliation and healing for those who were abused.`. One of the members of the commission, Marie Collins of Ireland, herself a victim of sexual abuse, told Reuters that commission members had asked the pope to write a letter to thwart any resistance from bishops to its work.

Thursday, February 05, 2015  11:25


World - EU puts conditions on deals involving Novartis, GSK

The European Union on Wednesday approved mega deals involving drugmakers Novartis of Switzerland and GlaxoSmithKline of Britain, provided they sell off assets in the vaccines and consumer health businesses. The European Commission, the EU`s executive arm, approved GSK`s acquisition of Novartis`s global human vaccines business as well as a tie-up of their global consumer health business under GSK control, it said in a statement. The commission had feared that the transactions, as initially planned, would undermine competition in vaccines against meningitis and diphtheria as well as in a range of consumer health products to stop smoking and to treat cold sores, cold and influenza. To tackle the commission`s concerns, GSK pledged to `grant a worldwide, exclusive, perpetual licence of GSK`s Nimenrix vaccine for bacterial meningitis and divest GSK`s Mencevax vaccine for bacterial meningitis worldwide,` the commission said.

Wednesday, January 28, 2015  20:22


Business - Greece sends comprehensive reform plan to lenders: EU source

By Robert-Jan Bartunek BRUSSELS (Reuters) - Greece sent a list of economic reform plans to European institutions and the International Monetary Fund around midnight that was `a valid starting point` for talks over its bailout, a source close to the European Commission said on Tuesday. `In the Commission`s view, this list is sufficiently comprehensive to be a valid starting point for a successful conclusion of the review,` the source said. Euro zone finance ministers are expected to discuss the reform plans in a conference call later on Tuesday. The source said that the letter, sent to the Commission, the European Central Bank and the IMF, would now need to be further worked out to come up with a full reform plan by the end of April, as agreed on Friday.

Tuesday, February 24, 2015  08:24


Business - Greece has sent reform plans, a `valid starting point`: EU source

Greece has sent a list of economic reform plans to European institutions and the International Monetary Fund around midnight, a source close to the European Commission said on Tuesday. `In the Commission`s view, this list is sufficiently comprehensive to be a valid starting point for a successful conclusion of the review,` the source said. The European Commission said on Twitter that the list of Greek reform measures had been received on time. The government of radical leftist Prime Minister Alexis Tsipras staged a climbdown on Friday to win the four-month extension.

Tuesday, February 24, 2015  08:01


World - Financing proposal Greece says it could have accepted

Following is a draft of a joint statement by Greece and its euro zone partners which Greek officials said Finance Minister Yanis Varoufakis had been willing to sign on Monday after discussing it with EU Economics Commissioner Pierre Moscovici. The European Commission said Moscovici `contributed ideas` in a discussion with Varoufakis but stressed that there was no Commission proposal separate from that put forward by the Eurogroup. The Commission did not comment on the draft below: `Draft 15 Feb - close of business Today, the Eurogroup took stock of the current situation in Greece, based on intensive dialogue between the new Greek authorities and the Institutions.

Tuesday, February 17, 2015  10:30


World - Church sexual abuse crisis far from over, U.S. cardinal says

By Philip Pullella ROME (Reuters) - The U.S. cardinal who heads the Vatican`s commission on sexual abuse of children by clergy warned his fellow Roman Catholic bishops on Monday not to behave as if the problem had passed. Cardinal Sean O`Malley of Boston told a conference at Rome`s Pontifical Gregorian University that some prelates were still reluctant to deal with the problem openly. `It would be perilous for us, as leaders of the Church, to consider that the scandal of clergy sexual abuse is for the most part a matter of history and not a pressing concern here and now,` said O`Malley, whose commission advises Pope Francis on how to root out the abuse that has shamed the Church. O`Malley said last week, after the 17-member commission held its first full meeting at the Vatican, that the group is studying sanctions for bishops suspected of cover-ups or of failing to prevent abuse.[Id:nL5N0VH0RA] Victims groups have been urging the Vatican for years to make bishops more accountable for abuse in their dioceses, even if they were not directly responsible for it.

Monday, February 16, 2015  21:35


World - EU launches pilot projects to leverage green energy spending

By Barbara Lewis BRUSSELS (Reuters) - European Union climate and energy bosses launched two projects on Monday designed to unleash more than a billion euros ($1.1 billion) of spending on measures to save energy and adapt to climate change. The pilot projects will help to prove that a much bigger Commission scheme to turn 21 billion euros of EU and European Investment Bank funds (EIB) into at least 315 billion euros of public and private sector investment can work, the Commission says. First presented in November by Commission President Jean-Claude Juncker, the European Fund for Strategic Investment is meant to act as a `risk buffer`, soaking up losses on projects before other creditors and breaking down a reluctance to invest. One of the pilot projects presented on Monday that will run until 2017 is the Private Finance for Energy Efficiency scheme.

Monday, February 16, 2015  19:36

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