News Archive - 2 August 2015

Obama to unveil tougher climate change plan

>WASHINGTON President Barack Obama will unveil on Monday the final version of his plan to tackle greenhouse gases from coal-fired power plants, kicking off what is expected to be a tumultuous legal battle against federal environmental regulators by the coal industry and its political allies. The revised Clean Power Plan...

Trump says won't be 'throwing punches' in U.S. Republican debate

>WASHINGTON Donald Trump, the man to beat in this week's first televised Republican presidential debate, said on Sunday he does not plan to attack his rivals and downplayed expectations for his performance, saying "I'm not a debater."The combative real estate mogul will take center stage at Thursday's debate among...

U.S. Democrats see 'fire wall' holding to preserve Iran deal

>WASHINGTON U.S. backers of the Iran nuclear deal are increasingly confident of enough Democratic support to ensure it survives review by Congress, despite fierce opposition by majority Republicans and a massive lobbying drive. By the time the House of Representatives recessed for the summer last week, no senior Democrat...

BMW CEO hints there is space for more electric models

>"Between the i3 and the i8, there is space if you look at it from the number point of view," Harald Krueger told Frankfurter Allgemeine Sonntagszeitung, when asked if he was planning new models.He added that he could not give any more details at present. Krueger also said BMW...

Three Turkish soldiers killed as PKK steps up attacks after air strikes

>ISTANBUL Kurdistan Workers Party (PKK) militants killed two soldiers and wounded 31 in a suicide attack overnight in eastern Turkey, the army said on Sunday, as violence escalated following Ankara's air bombardment targeting Kurdish militants.PKK militants drove a tractor filled with explosives into a military outpost in the Dogubeyazit...

Israel approves jailing Jewish militants without trial to resolve lethal arson

>JERUSALEM Israel's security cabinet approved on Sunday the detention of citizens suspected of waging violence against Palestinians without trial in a crackdown aimed at capturing the perpetrators of a lethal West Bank arson attack blamed on Jewish militants.The extension to Israelis of so-called "administration detention", a practice commonly applied...

Kerry says United States, Egypt return to "stronger base" in ties

>CAIRO The United States and Egypt are returning to a "stronger base" in bilateral ties despite tensions and human rights concerns, U.S. Secretary of State John Kerry said on Sunday after talks with his Egyptian counterpart."Egypt remains vital ... to engagement and stability in the region as a whole,"...

China central bank official sees downward pressure on economy persisting: paper

>Chinese companies are not optimistic about business prospects according to the central bank's second-quarter survey,Sheng Songcheng, the director of the statistics division of the People's Bank of China (PBOC), was quoted as saying by the National Business Daily on Saturday.Pressured by uneven domestic and export demand, cooling investment and...

Former teenage soldier hatches millions from Chinese egg futures

>SHANGHAI A decade ago Zhang Xiongjie was a teenage infantryman patrolling China's bleak border with North Korea.Now he stays in swanky hotels and drives a Mercedes Benz CLS - a remarkable rags-to-riches journey achieved in part by dominating one of the most obscure corners of China's unruly financial markets:...

Germans fret over Europe's future but still believe

>BRUSSELS The battle for Europe will be won or lost in Germany.On some days recently, it has looked like it might be lost. But that is to underestimate the deep German commitment to the success of European integration based on the rule of law.If the European Union falls...

Verizon's workers say no strike for now, union talks continue

>NEW YORK Verizon Communications Inc and the unions representing its wireline unit employees on the U.S. East Coast said work will go on and talks continue after their current contract expired.Since June, the unions have been in talks with Verizon over the company's plans to cut costs by...