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Records suggest prime minister’s aide knew about Murdoch bribery scheme
LONDON (Reuters) - Scotland Yard investigators have cryptic financial records corroborating suspicions that former News of the World editor Andy Coulson knew about illegal payments to police officers, a source with knowledge of the matter told Reuters. The cash records tally with payments suggested in an email discussion between Coulson and the newspaper’s…
Europe eyes sweeping new powers for rescue fund
BRUSSELS (Reuters) - Euro zone leaders were set to give their financial rescue fund sweeping new powers to prevent contagion and help Greece overcome its debt crisis, according to the draft conclusions of an emergency summit on Thursday. The leaders met in Brussels after the European Central Bank signaled in a policy reversal that it was willing…
Hacking probe extends beyond Murdoch papers
More newspapers became embroiled in the phone-hacking scandal on Thursday as the deputy prime minister said the crisis was a chance to clean up “murky” ties between politicians, police and the media. After hacking allegations at Rupert Murdoch’s News of the World closed the Sunday tabloid, it emerged that police…
US panel rejects bid to end all Pakistan aid
A US Congress panel on Thursday rejected a proposal to cut off all aid to Pakistan due to concerns over the country’s relationship with Islamic militants after the raid that killed Osama bin Laden. The House Foreign Affairs Committee easily rejected the measure, with five lawmakers voting yes and 39 voting…
Audit: Fed gave $16 trillion in emergency loans
The U.S. Federal Reserve gave out $16.1 trillion in emergency loans to U.S. and foreign financial institutions between Dec. 1, 2007 and July 21, 2010, according to figures produced by the government’s first-ever audit of the central bank. Last year, the gross domestic product of the entire U.S. economy was…
Eurozone leaders may allow Greek debt default
Eurozone leaders entered a critical summit on Thursday eyeing a deal to reduce Greece’s debt mountain, but without excluding a default to save the euro from its worst crisis. A draft agreement was put on the table for the 17 leaders following an 11th hour deal reached between the eurozone’s…
Cameron ‘regrets’ hiring scandal-tainted tabloid editor
LONDON (Reuters)- Scotland Yard investigators have cryptic financial records corroborating suspicions that former News of the World editor Andy Coulson knew about illegal payments to police officers, a source with knowledge of the matter told Reuters. The cash records tally with payments suggested in an email discussion between Coulson and…
Signs of global slowdown strengthen, debt crisis partly to blame
LONDON (Reuters) – Growth ground to a halt in the euro zone’s private sector this month while China’s factory sector contracted for the first time in a year, surveys showed on Thursday, deepening evidence of a sharp slowdown in the global economy. The surveys were published just before European leaders…
Egyptian military lays out election rules
CAIRO — Egypt’s ruling military council on Wednesday laid out its rules governing upcoming parliamentary polls, which it promised would be fair and transparent. The polls, originally scheduled for September, were delayed for up to two months, a military official said last week. “The delay was in response to demands…
Italy authorizes arrest of Berlusconi deputy
ROME — Italian lawmakers on Wednesday voted to authorise the arrest of a deputy from Silvio Berlusconi’s ruling party accused of corruption in a humiliating setback for the embattled prime minister. A majority of 319 deputies voted to lift the parliamentary immunity of Alfonso Papa from the People of Freedom…
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