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Talat Zaki Hafiz
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Turkey’s top court upholds president’s 7-year term
ANKARA — Turkey’s top constitutional court Friday dismissed an opposition appeal to end President Abdullah Gul’s term this year, ruling that he can serve seven years.The court also ruled that Gul can seek reelection in 2014, but only for a ...
India FM to run for president
Indian Defense Minister A.K. Antony, left, stands behind as Indian Prime Minister Manmohan Singh, second left, Indian Finance Minister Pranab Mukherjee, third left, and Congress party president Sonia Gandhi pose for the media after Mukherjee was nominated for the post ...
Yemen: 3rd rebel bastion captured
ADEN — Yemen’s army recaptured the third Al-Qaeda stronghold in Abyan province on Friday, officials and residents said, in the latest major success for a US-backed offensive to drive Al-Qaeda militants from towns they seized more than a year ...
Mideast Quartet envoys meet amid Palestinian criticism
BRUSSELS — Envoys from the Middle East Quartet met in Brussels Friday amid calls from the Palestinians to step up action to halt continuing Israeli settlement activity.Officials from the United States, United Nations, European Union and Russia gathered “to ...
India’s inflation rises to 7.55%
NEW DELHI — India’s inflation rose marginally to 7.55 percent on an annual basis in May despite slowing economic growth, data showed Thursday, posing a dilemma to the central bank ahead of a meeting next week. The closely watched Wholesale Price ...
Euro crisis to sway G20 summit
German Chancellor Angela Merkel (R) talks with Interior Minister Hans-Peter Friedrich (L), as Economy Minister Philipp Roesler looks on, before a debate in the Bundestag, the German lower house of parliament, in Berlin, Thursday. — ReutersBERLIN — German Chancellor Angela Merkel ...
Nokia to cut 10,000 jobs by end of 2013
HELSINKI — Nokia Corp. will lay off 10,000 jobs globally and close plants by the end of 2013, the company said Thursday, in a further drive to save costs and streamline operations.Nokia said it will shut some research and ...
French finance minister warns of growth downgrade
PARIS — Finance Minister Pierre Moscovici warned Thursday that France could revise down its growth forecast following gloomy figures from the Bank of France, saying “we’re adjusting that”. “It’s true there are several indicators that have raised questions, notably those of ...
Spain borrowing costs soar after Moody’s downgrade
MADRID — Spain’s borrowing costs have hit a high not seen since the country joined the euro in 1999 after a credit ratings agency downgraded the country’s ability to pay down its debt.The interest rate — or yield — on ...
IPO delayed amid market volatility
Singapore — Formula One hopes to push ahead with its $2.5 billion listing Singapore later this year, a source close to the deal said Thursday, as global financial markets are buffetted by economic uncertainty. Dow Jones Newswires reported in May that ...
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