Financial Times: Gandhi pulls out of Cameron meeting The UK prime minister will leave India without meeting Sonia Gandhi, the president of the Congress party, in a blow to his efforts to forge a "special relationship" with New Delhi Financial Times: Fitch downgrades Vietnam's credit rating Rating agency says weaker external finances and rising external financing requirement are behind the move, which has sparked rare criticism from the Asian Development Bank Financial Times: Karzai attacks 'shocking' leak of files Afghanistan's president says named individuals could be targeted by insurgents for working with US forces Financial Times: Bangladesh lifts pay for garment workers The country has approved an 80 per cent increase in the minimum wage for its garment industry in a bid to end months of unrest by workers who produce clothes for leading western brands Financial Times: Osborne urges India to break EU trade logjam The UK finance minister tells Indian bankers in Mumbai it is imperative to reduce the costs of trade between Europe and a 'linchpin power' in the world economy IOL: SA falling behind Africa "SAs role in Africa has declined significantly over the last 15 years," according to Dr Azar Jammine of Econometrix. IOL: R144m down the drain Transport Minister Sbu Ndebele says the Road Traffic Management Corporation wasted millions on unnecessary office space, dipped their fingers into eNaTIS transaction fees and flouted procurement procedures. IOL: DA wants McBride report released The DA called on the Gauteng provincial government to release a report on former Ekurhuleni officials Robert McBride and Patrick Flusk. IOL: WC staff replace strikers at airports Specially trained World Cup volunteers have been deployed at airports to fill in for striking immigration officers. IOL: Wiese may get cash back - official One of South Africas richest men, Christo Wiese, may get back the money what was seized from him at Heathrow airport last year, in what he calls a "bureaucratic bungle". Italy approves €25bn austerity package Research says climate change undeniable Portugal takes eurozone derivatives set-aside decision Brussels watchdog accuses Servier Attacks on foreign shopkeepers continue US new home sales Hayward to be offered BP Russia job Alliance Boots moves for Turkey’s Hedef Tyrrells founder discovers vodka and crisps Old is gold as long as you dont remember Next page-->

Financial Times - World World news headlines from the Financial Times, providers of the latest economic and political news from around the world on FT.com. View source archive --> Search this source --> ·Karzai attacks ‘shocking’ leak of files Afghanistan’s president says named individuals could be targeted by insurgents for working with US forces ·US consumers feel the economic strain After speeding up from an annualised pace of 1.6 per cent in the fourth quarter of 2009 to 3 per cent in the first quarter of this year, consumer spending is expected to have risen by 2.4 per cent in the second quarter of 2010, validating concerns over cautious public spending ·Fitch downgrades Vietnam’s credit rating Rating agency says weaker external finances and rising external financing requirement are behind the move, which has sparked rare criticism from the Asian Development Bank ·Gandhi pulls out of Cameron meeting The UK prime minister will leave India without meeting Sonia Gandhi, the president of the Congress party, in a blow to his efforts to forge a “special relationshipâ€� with New Delhi ·Surge in German consumer confidence Germans have become less worried about unemployment than at any time in the past two years, triggering a surge in consumer confidence in Europe’s largest economy ·French police question minister in tax scandal One of President Nicolas Sarkozy’s key ministers is probed as a witness in an investigation into a political donations affair that has rocked the government ·IMF approves $15bn loan to Ukraine The International Monetary Fund approved a $15bn loan for cash-strapped Ukraine after the country demonstrated its commitment to austerity measures. ·Bangladesh lifts pay for garment workers The country has approved an 80 per cent increase in the minimum wage for its garment industry in a bid to end months of unrest by workers who produce clothes for leading western brands ·US jobless claims drop more than expected New claims for unemployment insurance fell in last week, offering a glimmer of hope that firings could be abating in the stricken labour market ·Research says climate change undeniable First major new piece of scientific research since the ‘climategate’ scandals

Financial Times - World - Middle East & Africa Financial Times - World - Middle East & Africa View source archive --> Search this source --> ·Hariri tribunal takes Lebanon closer to crisis Lebanon is braced for another political crisis as a special tribunal set up to try the killers of Rafiq Hariri, the former prime minister, appears to be heading towards indicting members of Hizbollah, the Shia militant group ·Gulf's budget carriers aim high The low-cost carriers have seen their market share grow to between 6 and 8 per cent in 2009, according to industry participants and analysts, and they have plans to go further ·EgyptAir sets course for raised profits In spite of a tough environment with declining profits, the company is pressing ahead with the expansion of its fleet and adding destinations in a bid to lift market share ·Sentiment towards UAE stocks improves Stocks are cheap, and as a result some international investors are as turning more positive on the UAE's boruses ·Abbas faces dilemma on Israel talks, says aide The Palestinian president would be 'totally undermined' if he agreed to hold direct peace talks with Israel under present circumstances, says his chief negotiator ·Frattini questions BP drilling off Libya Plans by to start deep-sea drilling for oil and gas off the country's coast should be brought before the Union of the Mediterranean, according to Franco Frattini, Italy's foreign minister ·Japanese tanker damaged in Strait of Hormuz A Japanese oil tanker has been damaged by an explosion that may have been caused by an attack as it was travelling through the Gulf's strategic waterway ·Blix told Blair Iraq may have illegal weapons Hans Blix, former UN chief weapons inspector, says he told Tony Blair one month before the Iraq invasion that he thought Saddam Hussein may still have weapons of mass destruction in spite of his growing doubts ·Scores protest at Egypt brutality trial Two Egyptian policemen, accused by human rights activists of beating to death a 28-year-old man, went on trial on Tuesday accused of the lesser offences of using excessive force and illegal arrest ·EU adopts 'unprecedented' Iran sanctions The measures ban European companies from investing in Iran's vital oil and gas industries, and also from providing insurance services to Iranian entities, which could hit shipping and transport

IOL: Finance And Labour IOL: Finance And Labour View source archive --> Search this source --> ·SA falling behind Africa "SAs role in Africa has declined significantly over the last 15 years," according to Dr Azar Jammine of Econometrix. ·R144m down the drain Transport Minister Sbu Ndebele says the Road Traffic Management Corporation wasted millions on unnecessary office space, dipped their fingers into eNaTIS transaction fees and flouted procurement procedures. ·DA wants McBride report released The DA called on the Gauteng provincial government to release a report on former Ekurhuleni officials Robert McBride and Patrick Flusk. ·WC staff replace strikers at airports Specially trained World Cup volunteers have been deployed at airports to fill in for striking immigration officers. ·Wiese may get cash back - official One of South Africas richest men, Christo Wiese, may get back the money what was seized from him at Heathrow airport last year, in what he calls a "bureaucratic bungle".

ABC NewsRadio: Finance News NewsRadio is Australia's only live, national news network. Twenty-four hours a day, seven days a week, you hear breaking news, sport, finance, weather, and live coverage of Federal Parliament. View source archive --> Search this source --> ·Finance ABC NewsRadio features comprehensive reporting of business and finance news throughout our 'rolling news' periods. See our schedule for times.

Financial Times - World - Asia Pacific Financial Times - World - Asia Pacific View source archive --> Search this source --> ·Gandhi pulls out of Cameron meeting The UK prime minister will leave India without meeting Sonia Gandhi, the president of the Congress party, in a blow to his efforts to forge a "special relationship" with New Delhi ·Fitch downgrades Vietnam's credit rating Rating agency says weaker external finances and rising external financing requirement are behind the move, which has sparked rare criticism from the Asian Development Bank ·Karzai attacks 'shocking' leak of files Afghanistan's president says named individuals could be targeted by insurgents for working with US forces ·Bangladesh lifts pay for garment workers The country has approved an 80 per cent increase in the minimum wage for its garment industry in a bid to end months of unrest by workers who produce clothes for leading western brands ·Cameron warns Pakistan over terror The British PM risks opening a diplomatic rift with Pakistan by accusing Islamabad of "looking both ways" on exporting terrorism, soon after paving the way to closer nuclear and military ties with India ·India warns on slowdown in capital flows Growing risk aversion among investors is slowing foreign capital flows to emerging markets such as India, potentially choking inflows needed to fund the nation's widening current account deficit, India's central bank said ·Osborne urges India to break EU trade logjam The UK finance minister tells Indian bankers in Mumbai it is imperative to reduce the costs of trade between Europe and a 'linchpin power' in the world economy ·Japan justice minister orders executions The move by the former anti-death penalty lawyer deals a blow to the abolitionist cause amid heightened debate over capital punishment ·Passenger jet carrying 152 crashes in Pakistan A commercial Pakistani passenger plane crashed in bad weather in hills near the capital, Islamabad, and officials said there were so far no survivors ·Japanese tanker damaged in Strait of Hormuz A Japanese oil tanker has been damaged by an explosion that may have been caused by an attack as it was travelling through the Gulf's strategic waterway

Financial Times - World - Americas Financial Times - World - Americas View source archive --> Search this source --> ·Bolívar's bones and the battle of ideas The stage is now set: on the one side, Colombian legal arguments backed by apparently strong evidence; on the other, ideology. The battle for Latin America's soul has resumed ·Uribe ramps up tension with Venezuela Colombia claims that Venezuelais harbouring up to 1,500 Revolutionary Armed Forces of Colombia members. Venezuela's president, Hugo Chávez, has cut all ties with his neighbours, accusing Colombia of 'García Márquez-esque fantasies' ·Chavez breaks diplomatic ties with Colombia Venezuela ceases relations with its South American neighbour after the Organisation of American States hears accusations that Caracas is harbouring some 1,500 guerrillas ·Brazil raises interest rates to 10.75% Brazil's central bank raised its policy interest rate by less than expected, addingto a growing consensus that the country' economy is running out of steam and is vulnerable to slower growth in the world's other big economies ·Business of state Sebastián Piñera scraped to victory on a promise of change and has made a promising start but to really deliver it he needs to show more statesmanship ·Chávez targets TV news station Venezuelan president to impose a state representative on the board of directors of Globovision, stepping up his attack on the 24-hour news channel that is fiercely critical of his government ·Brazil's fledgling deep-sea oil industry faces up to risks The Gulf of Mexico oil spill has punctured the exuberance that swept Brazil and the oil industry when the country discovered deep-sea reserves ·Earthquake adds to challenges for Piñera Theface of Chile's new, respectable right, wants to be a statesman. But four months into his presidency, he looks and sounds more like a businessman on a turnround mission ·Chile finance chief upbeat on growth Felipe Larraín predicts 6% expansion from 2011 and is equally optimistic on President Sebastián Piñera's pledge to create an average 200,000 jobs a year during his term ·Uneven economies Latin America has long suffered the world's most unequal distribution of income. So it is good news that it has enjoyed a sustained decline in inequality of late

Financial Times - World - US Financial Times - World - US View source archive --> Search this source --> ·US jobless claims drop more than expected New claims for unemployment insurance fell in last week, offering a glimmer of hope that firings could be abating in the stricken labour market ·US judge loosens Arizona immigration law A federal judge blocked the most controversial parts of Arizona's proposed new immigration law, mere hours before it wasdue to take effect, handing a victory to the Obama administration and human rights groups ·US school reform report awaits grades Mr Obama's reforms, which have been taking place at the state level and often in the teeth of union opposition, have brought about what even critics concede is the most rapid school reforms America has seen in a generation ·Beige Book survey reports signs of slowdown US economic activity has 'continued to increase' over the past seven weeks but there are signs of a slowdown, according to the Federal Reserve's latest Beige Book survey. ·US borrowers pay down mortgages More homeowners are paying down their principal balances when they refinance their mortgages, reversing a trend that became popular during the housing bubble, when rising prices allowed borrowers to "cash out" by taking on more debt, Freddie Mac, the government-sponsored mortgage finance company, said ·Tax cuts battle dubbed election 'rehearsal' The US should reject a "false" choice between cutting deficits and boosting jobs, Peter Orszag, Barack Obama's departing budget director,said ·Obama targets 'soccer moms' to halt poll slide When Barack Obama appears on the homey set of The View, all couches and coffee cups, he can expect laughs and soft questions from "the ladies" – led by television mavens Barbara Walters and Whoopi Goldberg ·US senators renew BP witnesses appeal Letters will be sent to the oil group's top executives and senior UK and Scottish government figures asking them to attend a congressional hearing amid an investigation on BP's alleged Megrahi links ·Bernanke must end era of ultra-low rates The market now thinks that whenever the financial sector's actions result in unemployment, the Fed will respond with ultra-low rates and easy liquidity, writes Raghuram Rajan ·Rangel scandal The allegations levelled against Charles Rangel, the once-mighty New York Democrat, are an embarrassment to his party. More than that, however, the disposal of this matter is an embarrassment to Congress

Financial Times - World - Europe Financial Times - World - Europe View source archive --> Search this source --> ·Greek police move against striking truck drivers Greek police fired teargas to break up a demonstration at the transport ministry by hundreds of striking truck drivers who had rejected an emergency civil mobilisation order ·Surge in German consumer confidence Germans have become less worried aboutunemployment than at any time in the past two years, triggering a surge in consumer confidence in Europe's largest economy ·French police question minister in taxscandal One of President Nicolas Sarkozy's key ministers is probed as a witness in an investigation into a political donations affair that has rocked the government ·IMF approves $15bn loan to Ukraine The International Monetary Fund approved a $15bn loan for cash-strapped Ukraine after the country demonstrated its commitment to austerity measures. ·EU watchdogs push for market transparency Push to boost transparency of regions' securities markets includes call for a 'consolidated tape' for pricing data to tackle lack of transparency as part of biggest regulatory overhaul in years ·Russia confirms $29bn asset sales Officials have yet to approve a final list of which state assets will be sold, even though the programme was first announced close to a year ago ·Catalonia votes to ban bullfighting Region becomes first part of mainland Spain to prohibit the spectacle as parliament amends animal protection laws ·Italy approves €25bn austerity package Berlusconi uses confidence vote to hammer through legislation ·Officers in Turkey coup claim face setback Lawyers appealing a court order to arrest hundreds of military officers accused of plotting to overthrow the ruling party faced a setback when their request to replace the judges hearing the case was rejected ·CBI attacks planto tighten emissions targets The backing by Chris Huhne, the energy secretary for a toughening of European Union emissions targets has been attacked by the CBI, which has warned it will entail 'huge costs', 'huge repercussions' and will 'jeopardise and potentially damage' businesses across the economy

Financial Times - World - Brussels Briefing Financial Times - World - Brussels Briefing View source archive --> Search this source --> ·EU watchdogs push for market transparency Push to boost transparency of regions' securities markets includes call for a 'consolidated tape' for pricing data to tackle lack of transparency as part of biggest regulatory overhaul in years ·Tighter terms fail to crimp credit demand ECB bank lending survey shows unexpectedly harsh tightening of loan standards, but that failed to prevent a pick-up in demand for credit, especially for house purchases ·CBI attacks plan to tighten emissions targets The backing by Chris Huhne, the energy secretary for a toughening of European Union emissions targets has been attacked by the CBI, which has warned it will entail 'huge costs', 'huge repercussions' and will 'jeopardise and potentially damage' businesses across the economy ·Bring the Balkans back into the heart of Europe There are some 22mpeople in the western Balkans, roughly the same amount as in Beijing. Difficult though their problems may be, they are eminently resolvable, writes Tim Judah ·Brussels to probe IBM mainframe market role The US technology group is the latest company to come under attack from Europe's top antitrust watchdog, which is opening two separate cases against it ·Cameron backs Turkey joining the EU David Cameron will express his 'anger' on Tuesday at Turkey's European Union membership bid being 'frustrated' by the bloc's leaders, as he heaps praise on an emerging power at odds with Britain, the US and Europe ·EU gives go-ahead for Iceland entry talks European Union foreign ministers have formally given a green light for negotiations to begin over the country's bid for membership of the 27-country bloc ·EU regulators clear United-Continental tie-up The European Commission has given an unconditional green light to the proposed merger of the UScarriers, which if approved by others including the Department of Justice in the US will create the world's largest airline ·Brussels watchdog accuses Servier French drug group faces charges for "incorrect and misleading" data ·EU poised to impose new sanctions on Iran The European Union is expected to impose new economic sanctions on Iran, going well beyond the measures approved by a UN resolution. EU foreign ministers are likely to ban all new investment by European companies in Iran's oil and gas sectors

Financial Times - World - UK Financial Times - World - UK View source archive --> Search this source --> ·Default retirement age to be scrapped Move delights pressure groups but dismays business organisations, which warn that the measure is being introduced too quickly ·Shell chief defends deep-water drilling Peter Voser, chief executive, says deep-water drilling has ‘important role to play in global energy supply’, as the Anglo-Dutch oil group announces a near-doubling in second-quarter profit to $4.53bn ·Gandhi pulls out of Cameron meeting The UK prime minister will leave India without meeting Sonia Gandhi, the president of the Congress party, in a blow to his efforts to forge a “special relationshipâ€� with New Delhi ·FSA unveils tough pay and bonus code The FSA is broadening the scope of its pay code to more than 2.500 financial services companies to comply with EU legislation that introduced some of the world’s toughest restrictions on bankers’ bonuses ·Divorce ruling outlaws secretly gained data Estranged couples in “big moneyâ€� divorce cases will no longer be able to use secretly obtained documents in divorce proceedings, the Court of Appeal has ruled ·BAE swings back to black in first half Europe’s largest defence contractor reports a strong performance from its support and services operations, but warns of a ‘challenging trading environment’ as governments look for cost savings ·BT sees improvement at Global Services The UK’s largest fixed-line phone company reports a sharp improvement in cash outflow at its problematic Global Services unit, which services governments and large companies, as it reports a 38% rise in first-quarter profit ·Mortgage approvals fall back to January level Mortgage approvals fell sharply in June, lending yet more weight to the theory of a dip in the UK housing market as the Nationwide index showed UK house prices starting to fall in July ·King endorses regulatory shake-up Although the Bank would have the power to regulate banks, set conditions for the financial system and control interest rates, the governor rejected accusations that he was empire-building ·Common room clashes with boardroom on science budget Lord Browne, the former BP chief executive, has sparked a furious row by calling for a review of the UK’s £4bn-a-year science budget to emphasise projects with the potential to bring short-term industrial benefits

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