Daily Archives: November 28, 2011

Archives November 28, 2011 posted by

Syria says Arab League declared economic war

SYRIA said on Monday the Arab League had declared economic war on Damascus by announcing sanctions against its Central Bank, but said it had already withdrawn most funds targeted by a freeze on government assets.

Foreign Minister Walid al-Moualem also accused the Arab League of ignoring armed groups Damascus blames for the violence during the eight-month uprising against President Bashar al-Assad, displaying graphic pictures of bloodied corpses during a televised news conference in Damascus.

Syria made every effort to find a way out of the crisis, in which the United Nations says 3,500 people have been killed by Assad’s crackdown, Moualem said. “Yesterday, with the decision they took, they closed these windows,” he said.

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Germany and France press coercive eurozone debt rules

GERMANY and France stepped up a drive on Monday for coercive powers to reject eurozone members’ budgets that breach EU rules, as a market rout of European debt eased temporarily on hopes of outside help for Italy and Spain.

The OECD rich nations’ economic think-tank said the European Central Bank should cut interest rates and abandon its reluctance to step up purchases of government bonds to restore confidence in the euro area, which now posed the main risk to the world economy.

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Egyptians enthused by vote after abuses of past

A WORLD away from the chaos, violence and abuses of elections under Hosni Mubarak’s rule, Egyptian voters queued in huge, orderly lines on Monday, many still in disbelief that they could now play a part in shaping their nation’s future.

Some brought their children. Others clutched briefcases on their way to work. Around them banners fluttered for parties banned under Mubarak, who was swept away by a popular uprising in February after 30 years of one-man rule.

Many Egyptians suspect the generals who replaced Mubarak want to wield power behind the scenes even after handing day-to-day government to civilians, and some fear vote rigging will resurface. But on Monday most people were simply enjoying what for many was the first time they had bothered to vote.

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CIPA Chairman stresses prospects of foreign investment in energy

16:58 THE Cyprus Investment Promotion Agency (CIPA)’s newly appointed chairman Christodoulos Angastiniotis today called on the government to take a long term approach to managing hydrocarbon revenues, highlighting the prospects of foreign investment in Cyprus’ bourgeoning energy sector.

“It is the sector that will be in the epicentre during the next years in Cyprus and we should deal with that very carefully”, he told the Cyprus News Agency.

“If… the reserves from the block 12 cover the needs of Cyprus for the next 80 years and there are reserves in the other blocks… then the field of energy constitutes the most promising sector for foreign investment and it could save our economy.”

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Cyprus to host Middle East Council of Churches

16: 53 THE Church of Cyprus will be hosting the 10th general assembly of the Middle East Council of Churches in Paphos tomorrow and Wednesday.

The focus of this years’ assembly will be on finding a more decisive role for the Council in respect of human rights, religious freedom and the unity of Christians in the Middle East.

Delegates will also review the actions of the Council over the past few years and will elect a new secretary-general.

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Federer revels in ‘amazing feeling’

ROGER Federer labelled his record sixth Barclays ATP World Tour Finals title one of the biggest achievements of his career as he once again finished the season on the highest of notes.

In a repeat of 12 months ago, the 30-year-old completed an unbeaten week at London’s O2 Arena, pocketing a cheque for £1million and pulling clear of Ivan Lendl and Pete Sampras, with whom he shared the previous record of five titles.

He certainly did not have things all his own way on Sunday against Jo-Wilfried Tsonga, though, the Frenchman pegging Federer back in the second set and forcing him to dig deep in the decider before coming through 6-3 6-7 (6/8) 6-3.

Federer said: “I’ve been trying to block it out for the entire tournament, the entire time I’ve been here in London.

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Police delay eviction of Occupy LA camp

POLICE in riot gear began closing in early this morning on some 2,000 anti-Wall Street activists who defied a midnight deadline to vacate an eight-week-old encampment outside Los Angeles City Hall as some protesters blocked traffic.

Mayor Antonio Villaraigosa had given Occupy LA protesters until midnight local time to dismantle their tents, pack up their belongings and clear out of the City Hall park, or face a forcible removal.

But Jim Lafferty, a National Lawyers Guild attorney and leading advocate for protesters in talks with the city, said two hours after the eviction deadline that police had assured him “there will be no move against this occupation tonight.”

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Main opposition party backs austerity measures


13.42 MAIN opposition DISY said Monday it is prepared to back measures proposed by the government in a bid to shore up the island’s ailing economy.

The announcement came a few hours after a morning meeting between President Demetris Christofias and DISY leader Nicos Anastassiades.

“Our reservations about some of these measures remain but we fully realise the need for consensus, understanding and positive compromise,” Anastassiades told a news conference.

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