Tweet (Financial Times) — Japan’s economy shrank for the third time in four quarters between October and December, after floods in Thailand damaged production and a strong yen and subdued overseas demand hurt exports. Cabinet Office figures on Monday showed that real GDP fell an annualized 2.3 per cent in the fourth quarter, much worse [...]
Tweet Athens, Greece (DNN) — Lawmakers in Greece voted early Monday to approve another round of austerity measures, sought in return for a new eurozone bailout of the debt-stricken country, while protests raged in the streets. As lawmakers debated, police turned tear gas and stun grenades on demonstrators outside Greece’s Parliament. Several buildings, including a [...]
Tweet Tripoli, Libya (DNN) — One of ousted Libyan leader Moammar Gadhafi’s surviving sons has had his phone cut off and been placed under house arrest in Niger after warning of a revolt against Libya’s new government, authorities in Tripoli said Sunday. Saadi Gadhafi has been in Niger since September, following the collapse of his [...]
Tweet (Financial Times) — Lucas Papademos, the Greek premier, failed to make party leaders accept harsh terms in return for a second €130bn bail-out, pushing Athens closer to a disorderly default as early as next month. Greek television reported that Mr Papademos has set a deadline of midday on Monday for the three leaders to [...]
Tweet London (DNN) — Saif al-Islam Gadhafi, the son of Libya’s deposed leader Moammar Gadhafi, could go on trial “within weeks or months,” the country’s interior minister said Sunday. The investigations into the death of Moammar Gadhafi after his capture last year could also be completed soon, Fawzy Abdilal said. Saif al-Islam’s case will be [...]
Tweet (DNN) — Inter Milan’s Serie A title hopes suffered a huge setback on Sunday after they were thrashed 4-0 at Roma, while top two Juventus and AC Milan were both held to goalless draws. Roma took a 13th minute lead when Juan headed home a Francesco Totti corner and Fabio Borini doubled their lead [...]
Tweet Cairo (DNN) — Demonstrators clashed with police outside the Interior Ministry in Cairo on Sunday as anger mounts over a deadly stampede at a soccer match that killed dozens last week. Protesters outside the ministry threw rocks at police, who responded with tear gas. Fires erupted at a nearby shopping center while more than [...]
Tweet NEW YORK (DNN) — Facebook’s long-awaited IPO filing is imminent, according to several news reports. The Wall Street Journal kicked off the hoopla on Friday, citing anonymous sources who said that Facebook may file for an initial public offering as early as this Wednesday.// cnnad_createAd(“53218″,”http://ads.cnn.com/html.ng/site=cnn_money&cnn_money_position=220x200_ctr&cnn_money_rollup=technology&cnn_money_section=quigo&page.allowcompete=no¶ms.styles=fs&page.allowcompete=yes”,”200″,”220″); // ]]> The New York Times and CNBC echoed [...]
Tweet Irbil, Iraq (DNN) — Vice President Tariq al-Hashimi has lashed out at Iraqi Prime Minister Nuri al-Maliki, predicting that Iraq could soon return to widespread sectarian violence that could require the return of U.S. forces. “Al-Maliki is pushing my country to reach a turning point with deeply sectarian dimension,” the Sunni vice president told [...]
Tweet (DNN) — After a frantic final day of dealing twelve months ago, this year’s January transfer window has passed off in a far less febrile atmosphere. Despite not going anywhere, Manchester City’s Carlos Tevez still managed to hog the headlines as he lodged an appeal with the English Premier League over his six-week fine [...]
