Kofi Annan quits over Syria impasse: this time we're all at fault
Friday, 03 August 2012 15:18

What this conflict needs is less Olympic-style partisanship and more respect and rationality behind a new UN mediator – as well as compassion for those at risk on both sides in Syria

Kofi Annan's resignation as the UN's envoy to war-torn Syria didn't get as much attention in some of our more expensive media as it would have done if Team GB's...

 
Syria, Carole Waugh, Pussy Riot and depressed Britain: the news you missed during the Olympics
Friday, 03 August 2012 14:07

Overloadead with information? Catch up on the big stories that may have passed you by

Syria: from national conflict to global mission impossible

Kofi Annan has resigned from his "mission impossible" role as UN peace envoy for Syria, saying "finger-pointing and name-calling" in the security council had prevented him from implementing his six-point...

 
Seven companies take Far East investment gamble
Friday, 03 August 2012 13:58
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RIA Novosti / Mikhail Mokrushin

Seven companies are to invest over $625 million in building a gambling area in Russia’s Primorsky Territory in the Far East. The area includes the city of Vladivostok which has been undergoing a facelift ahead of the APEC summit which will be held there i

­Russia’s “First Eastern Gambling Company” says it will invest $...

 
Budget cuts hurt British economy - study
Friday, 03 August 2012 11:52

The British economy won’t begin to recover until 2014, as government’s cuts and the euro crisis slash demand which is a key driver for UK economy growth, is the conclusion of a study prepared by a leading UK think tank.

­The National Institute of Economic and Social Research revised its forecast, saying the UK economy would shrink 0.5% this year, ...

 
Market Buzz: ECB inaction turns indices south
Friday, 03 August 2012 07:37
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(RIA Novosti / Ruslan Krivobok)

Russian markets are likely to continue trending downward as investors eye the US government’s jobs report for July, expected later today.

­European stocks declined Thursday after ECB President Mario Draghi failed to announce concrete steps to bring down borrowing costs for debt-ridden Spain and Italy. The ...

 
UN to end its observer mission in Syria this month, says envoy
Friday, 03 August 2012 00:39

French permanent representative Gérard Araud says monitors will leave country unless unlikely new resolution is reached

The UN security council will probably not renew the mandate of its observer mission in Syria later this month, which would require it to pull out of the country, France's permanent representative to the organisation said on...

 
Kofi Annan resigns as Syria envoy
Thursday, 02 August 2012 20:58

Syrian peace mission impossible because of militarisation on the ground and lack of international unity, says former head of UN

International disarray over the bloody crisis in Syria has been starkly underlined when the UN envoy Kofi Annan announced that he was resigning because of the failure of what he said had become a "mission impossible".

The...

 
Putin and Cameron grapple over Syria before watching some judo
Thursday, 02 August 2012 19:13

As the two leaders settled down for the Olympic judo, news came in that Kofi Annan had resigned as UN envoy for Syria

Vladimir Putin and David Cameron were never likely to have a meeting of minds on the Syrian crisis. But since the violence is getting worse by the day and diplomacy is failing it was probably worth a try to see if Russia might agree...

 
IMF warns Russia as economy heats up
Thursday, 02 August 2012 19:07
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AFP Photo / International Monetary Fund / Stephen Jaffe

Russia needs a tougher budget and tighter monetary policy to rein in inflation, the International Monetary Fund said in a statement.

In recent days the IMF has repeatedly warned that it fears Russia's economy is in danger of overheating – implying that demand is growing quicker than potential ou...

 
Vladimir Putin and David Cameron find common ground but no action on Syria
Thursday, 02 August 2012 18:32

The Russian president, in London to watch Olympic judo, talks world affairs, human rights and trade with the prime minister

David Cameron sought to find common ground with Vladimir Putin by highlighting their agreement over the need for a stable Syria following talks in Downing Street with the Russian President earlier today.

The prime minister...

 
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