adminDebt funds needed in all euro zone states: Germany
BERLIN — Every country in the euro zone needs to set up a special national fund for sovereign debt that is more than 60 percent of gross domestic product, Germany’s finance minister told a newspaper.
China-US trade up 17pc
BEIJING — Commerce Minister Chen Deming said Friday that China-US trade rose 17 percent year-on-year to reach 363 billion US dollars in the first ten months of the year.
The increase led to China and the United States becoming each other’s second-largest trading partners, Chen said at a dinner held by the American Chamber of Commerce in China (AmCham-China).
Australia approves uranium exports to India
Australia’s ruling Labour Party has approved plans to open up uranium sales to India, clearing the way for talks on a bilateral nuclear agreement and resolving an issue that has caused diplomatic tensions between the two nations.
‘Time to step on the gas’ to bolster US economy: Obama
WASHINGTON — The United States should step up efforts to revive its economy even after the private sector has been creating jobs over the past 21 months in a row, President Barack Obama said on Saturday.
DRC opposition rejects early results
Opposition parties in Democratic Republic of Congo have rejected partial results released by the electoral commission giving incumbent President Joseph Kabila an early lead in the vote count from the 28 November presidential election.
Violence kills 25 across Somalia
At least 25 people have been killed and scores others wounded in a new wave of violence that rocked different parts of war-torn Somalia, Press TV reports.
As many as 12 people, including five government soldiers, died in the capital Mogadishu’s northern neighbourhoods of Yaqshid and Hiliwa on Saturday as fierce clashes broke out between al-Shabab militants and Somalia’s transitional government forces.
Muslim Brotherhood-led coalition wins 40 percent votes in first round polls
CAIRO — The Democratic Alliance, led by the Muslim Brotherhood’s Freedom and Justice Party, won around 40 percent of votes among party candidates in the preliminary results of the first stage of the People’s Assembly polls, official Al-Ahram newspaper reported yesterday.
US-led missile attack kills eight Afghans
At least eight Afghan civilians have been killed in a missile attack by foreign forces in Kapisa Province in northeastern Afghanistan, Press TV reports.
Russians go to the polls in parliamentary elections
MOSCOW — Voters across Russia were casting their ballots yesterday in the country’s sixth parliamentary elections, as seven parties vied for representation in the 450-seat State Duma, or lower house.
The first polling stations to open were in the Far Eastern regions of Kamchatka, Chukotka, Magadan and Sakhalin, where voting started at 8 am local time (2000 GMT Saturday).
Teens arrested for stabbing cops
Johannesburg — Three teenagers were arrested after allegedly stabbing police officers at a stop and search operation in Ga-Sekgopo, Limpopo police said yesterday.