‘l help in Bhutto probe

ISLAMABAD, Dec 29, 2007 (AFP) – Pakistan’s interior ministry said Saturday that the international community “does not understand the environment” in the country, ruling out international help in probing Benazir Bhutto’s death.With questions raised about the official account of how she died, which has been rejected by Bhutto’s aides and supporters, ministry spokesman Brigadier Javed […]

” on Qaeda claim over Bhutto killing

ISLAMABAD, Dec 28, 2007 (AFP) – Pakistan’s interior ministry said Friday it was “unaware” of Al-Qaeda claiming a link to Benazir Bhutto’s killing but said “extremist elements” behind a wave of attacks this year could be responsible.Asked about a report on Pakistan’s ARY TV network that the militant group founded by Osama bin Laden was […]

Malta, Cyprus to go Euro on January 1

VALLETTA, Dec 27, 2007 (AFP) – The tiny Mediterranean island nations of Cyprus and Malta join the eurozone on January 1, turning the single-currency area from a 13-country zone into a club of 15.Large companies will take the change in their stride, said Gordon Cordina, advisor of Malta’s employers’ federation.“For a small open economy like […]

Nepal hikes petrol prices after shortages

KATHMANDU, Nepal, Dec 26, 2007 (AFP) – Nepal’s state-owned oil company on Wednesday hiked petrol prices by nearly 10 percent, the second increase in the last two months, to meet a rising import bill in the landlocked nation, officials said.Shah said there would be a gradual improvement in supplies in the next few weeks. “The […]

Benazir Bhutto dead in Pakistan attack

RAWALPINDI, Pakistan, Dec 27, 2007 (AFP) – Pakistan opposition leader Benazir Bhutto was killed Thursday in a suicide attack at a campaign rally, the interior ministry told AFP. A suicide bomber blew himself up just after the rally and it was not immediately clear how she died. “It may have been pellets packed into the […]

Russia tries to counter weak macro-management with agriculture

MOSCOW, Dec 27, 2007 (AFP) – President Vladimir Putin on Thursday urged government ministers to fight inflation by making Russia’s agriculture sector competitive against foreign food imports.The bank’s earlier 2008 inflation target was between six and seven percent.“One of the key tasks for 2008 is to fight inflation. Unfortunately we have not been successful at […]

In Christmas homily, pope deplores selfishness, harm to environment

VATICAN CITY, Dec 25, 2007 (AFP) – Pope Benedict XVI on Tuesday used his Christmas homily to speak out against selfishness and the degradation of the environment as he celebrated midnight mass at Saint Peter’s Basilica.The tradition of the creche in St Peter’s Square was established by Benedict’s predecessor John Paul II in 1982. “Man […]

Wall St. higher as Merrill unveils Singapore investor

NEW YORK, Dec 24, 2007 (AFP) – US stock markets were higher Monday morning as investors tied up their year-end positions and as Merrill Lynch announced it had won sizeable cash infusions of up to 6.2 billion dollars. Merrill, which has seen its finances stricken by multibillion dollar mortgage market losses, said Temasek Holdings Pte. […]

Fed money printing will not influence ECB: Trichet

LONDON, Dec 24, 2007 (AFP) – European Central Bank President Jean-Claude Trichet pledged, in an interview published Monday, to focus on eurozone inflation, and not let interest-rate cuts in the United States and Britain distract the bank from tightening monetary policy.Speaking to the Financial Times from Frankfurt, in an interview conducted on December 13, Trichet […]

China raises tax threshold to ease burden on poor

BEIJING, Dec 23, 2007 (AFP) – China has proposed lifting millions of its citizens out of the income tax net to ease the burden on low-wage earners amid rising inflation, state press said Sunday.The country is expected to raise the monthly tax threshold from 1,600 yuan (218 dollars) to 2,000 yuan and the legislature was […]

US Senate stays in session to block Bush

WASHINGTON, Dec 24, 2007 (AFP) – The US Senate is holding special one man sessions throughout Christmas and the New Year to prevent President George W.Bush from making appointments without the approval of the Democratic majority. With the bang of a gavel, Democratic Senator Jim Webb declared the first session open on Sunday morning before […]

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