News about news

World to welcome in New Year with a bang

Sydney will Monday kick off a wave of dazzling firework displays welcoming in 2013 from Dubai to Paris and London, with long-isolated Yangon joining the global pyrotechnics for the first time.
31 December 2012 16:51

Spain faces 207-bn-euro headache in 2013

Spain defied the markets by averting a sovereign bailout this year but high interest rates could yet force Madrid to its knees as the nation confronts a 207-billion-euro ($274 billion) financing headache in 2013.
31 December 2012 14:29

Vatican backs Monti, the anti-Berlusconi

The Vatican has thrown its weight behind outgoing prime minister Mario Monti, ditching the scandal-hit Silvio Berlusconi in favour of a practising Catholic they hope may lead Italy after February's general election.
31 December 2012 14:06

Talks stall as fiscal cliff looms

Two days of last-gasp talks produced no deal Sunday between US political leaders struggling to averting a fiscal calamity due to hit the American and world economy within hours.
31 December 2012 12:15

Dried squash holds headless French king's blood: study

Two centuries after the French people beheaded Louis XVI and dipped their handkerchiefs in his blood, scientists believe they have authenticated the remains of one such rag kept as a revolutionary souvenir.
31 December 2012 11:58

9 dead after bus careens into Oregon ravine

A Canada-bound bus crashed through a guard rail on an icy road in Oregon on Sunday and careened into a ravine, killing at least nine people and injuring at least 26 others.
31 December 2012 11:13

Merkel steels Germans for 'more difficult' 2013

Chancellor Angela Merkel warned Germans that the economy, Europe's biggest, would experience a harder time next year than in 2012 and cautioned too that the eurozone debt crisis was far from over.
31 December 2012 11:08

US backs Argentina in debt restructring case

The US gave strong support to Argentina on Friday in the Latin American country's legal battle with hedge funds over the repayment of $1.3 billion to holders of defaulted bonds.
31 December 2012 10:55

Senate renews warrantless surveillance act

The Senate approved a five-year extension Friday of a George W. Bush-era surveillance law that allows US spy agencies to conduct wiretapping on foreign citizens without a warrant.
31 December 2012 09:57

Obama 'modestly optimistic' for fiscal deal

President Barack Obama said Friday he was "modestly optimistic" a last-minute deal was possible with Republicans to avert a "fiscal cliff" crisis that could spark a recession and rock global markets.
30 December 2012 18:59

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