Daily Archives: November 23, 2011

Archives November 23, 2011 posted by

Bahrain officials will be held accountable for human rights abuses says King

Bahrain’s king said today that officials involved in abuses during a crackdown on anti-government protests that swept the kingdom would be held accountable and replaced.

King Hamad bin Isa al-Khalifa was speaking at the release of a report by international law experts the kingdom commissioned to investigate the protests, led by the country’s Shi’ite majority, which Bahrain crushed in March.

“We must reform our laws to bring them in line with international standards,” he added.

 

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Tech blog leaks Apple's Black Friday deals

 

The tech blog 9to5mac today leaked an Apple sales brochure listing discounds on a range of the firms products ahead of Black Friday.

According to the brochure, the company will offer a $101 discount on macs, up to €61 discount on iPads and iPod touches for up to $41 less depending on the model.

Apple will also offer discounts on accessories such as $11 off iPad smart covers and a mophie Juice Pack Air at a $21.95 discount.

Apple is expected to officially announce the Black Friday sale soon

For more information visit http://9to5mac.com/

 

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Cypriots using the internet more and more

17:10 MORE AND more Cypriots are using the internet but over one third of homes still do not have access, a report from the Statistical Services showed today.

In the first quarter of 2011, the internet was accessed at least once in 57.4 per cent of households, compared to 53.7 per cent in 2010, according to the survey, which covered 1,588 households and 3,652 individuals aged 16-74.

There has also been a steady increase in broadband connections and a simultaneous decrease in narrowband connections (modem, ISDN).  Some 86 per cent of households with internet access have a broadband connection (DSL) in 2011.

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Germans fear economic crisis has hit Berlin after 'disastrous' bond auction

A “disastrous” German benchmark bonds sale sparked fears today the debt crisis was beginning to threaten even Berlin, with the Bundesbank forced to dig deep into its pockets to ensure the auction did not fail.

In one of the least successful debt sales by Europe’s powerhouse economy since the launch of the single currency, the low returns offered — just 2 percent annually over 10 years — deterred investors made uneasy by the escalating cost of the crisis to Germany.

That meant the central bank had to pick up 39 percent of the 6 billion euros of debt Germany had hoped to sell after commercial banks bought just 3.644 billion euros of the issue.

“It is a complete and utter disaster,” said Marc Ostwald, strategist at Monument Securities in London.

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Fitch downgrades Turkey

17:04 FITCH ratings today downgraded Turkey’s financial outlook on Long-term foreign and local currency Issuer Default Ratings (IDR) from ”positive” to ”stable” due to recent increases in risk.

Managing Director of Fitch’s EMEA Sovereign group Ed Parker said: “The revision of the Outlook to Stable reflects an increase in near-term risks to macroeconomic stability as Turkey faces the challenge of reducing its large current account deficit and above-target inflation rate against the background of deterioration in the global economic and financing environment.”

Fitch also gave Turkey’s Short-term foreign currency IDR a ‘B’ rating and the country ceiling a ‘BBB-‘ rating.

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China announces naval drills amid regional fears of its growing reach

CHINA said today it will conduct naval exercises in the western Pacific this month, an announcement that came a week after Washington reinforced its Asia-Pacific footprint with plans to operate 2,500 US Marines out of northern Australia.

Beijing emphasised its right to go carry out the regular annual drills despite regional fears about its growing military strength, particularly that of its navy.

After a diplomatic push through the region by US President Barack Obama, tensions between the United States and China spilled over into meetings of Asia-Pacific leaders in Indonesia, particularly over how to handle competing regional claims to the South China Sea.

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Rafa Nadal not ready to say goodbye despite thrashing

AN hour after one of the worst beatings of his career Rafa Nadal refused to be too downhearted and said he was still in contention at the ATP World Tour Finals.

The Spaniard was thrashed 6-3 6-0 by great rival Roger Federer in exactly an hour and now faces a do-or-die tussle with Frenchman Jo-Wilfried Tsonga today to reach the semi-finals of a tournament he has never won.

“I have to accept it, congratulate him because he played really well,” Nadal, who had won 17 of their previous 25 encounters but was comprehensively outplayed on this occasion, told reporters.

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Australian team completes Paphos dig

AUSTRALIAN archaeologists have announced the end of their excavations in Nea Paphos uncovering more of the mediaeval walls built on top of an ancient theatre, and exploring a water fountain a stone’s throw away.

A team of 20 archaeologists and students from the University of Sydney opened up two trenches between October 1 and 28 at the site, which marks the spot which was once the capital of the island during the Roman and Hellenistic period.

The team kept a blog throughout the excavations, documenting progress and giving specialists space to explain their role.

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Cyprus gives green light for second oil and gas licensing round in Eastern Med

14:45 THE cabinet on Wednesday gave the go-ahead for the second round of offshore oil and gas exploration, authorising the trade and industry minister to prepare the ground for the official announcement.

“After today’s decision to start the second round of licensing, the government once more stresses its determination to exercise its sovereign rights in the Republic of Cyprus’ exclusive economic zone, always according to international law,” government spokesman Stefanos Stefanou said.

The second round will include 12 so-called blocks stretching from the south west to the south east of the island.

 

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