Friday 6 March 2015
 
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No 'grand bargain' with Iran: Kerry

US Secretary of State John Kerry reassured Gulf Arab states on Thursday that Washington was not seeking a "grand bargain" with Iran, in reference to wider political and security cooperation, and said a nuclear deal with Tehran would be in Gulf interests. The United Stat

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Attacker slashes face of US envoy in Seoul

US ambassador to South Korea Mark Lippert underwent two-and-a-half hours of surgery after he was slashed in the face by a Korean nationalist in an attack at a forum held in Seoul on Thursday to discuss Korean reunification, officials said. Lippert, 42, was bleeding from wounds to

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China signals 'new normal' with lower growth target

China announced an economic growth target for 2015 of around 7 per cent on Thursday and said it would boost government spending, signalling that the lowest rate of expansion for a quarter of a century is the "new normal" for the world's No 2 economy. Speaking at the

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US 'looking to Oman as logistics hub'

A US Navy chief has hinted of future plans to move away from using ports in the Gulf such as Bahrain so as to bypass the problematic Strait of Hormuz. Vice Admiral John Miller, Commander of the Fifth Fleet and US Naval Forces Central Command, has pointed towards Oman and its long

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Dozens missing, feared dead after Ukraine mine blast

Dozens of miners were trapped underground and feared dead after a blast on Wednesday at a coal mine in the eastern Ukrainian rebel stronghold of Donetsk. Mine officials said the explosion was most likely caused by gas and not linked to fighting at the nearby frontline in the war

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India cbank surprises with early post-budget rate cut

India's central bank lowered its policy repo rate by 25 basis points to 7.5 per cent on Wednesday, its second inter-meeting cut this year on the back of easing inflation and what it said was the "weak state" of parts of the economy. Although markets had broadly expe

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Nobel Prize chairman demoted, 1st time in 114 years

The committee that awards the Nobel Peace Prize demoted its chairman on Tuesday, for the first time in the 114-year history of the award after his right-wing opponents won a majority on the prestigious panel. Thorbjoern Jagland, a former Norwegian prime minister of the Labour Par

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6.4 quake strikes off Indonesia, no reports of damage

An earthquake measuring 6.4 magnitude struck off the Indonesian island of Sumatra on Tuesday, the US Geological Survey said, but there were no reports of damage or casualties. The quake was 37 km (23 miles) deep and centred 179 km (111 miles) offshore. It was felt by people on la

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Bill Gates tops Forbes rich list with $79bn

Bill Gates stands atop Forbes magazine's annual list of the world's richest people, as Facebook Inc's Mark Zuckerberg joined the top 20 and basketball star Michael Jordan plowed new air by making the list for the first time. Gates' net worth rose to $79.2 billion

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Oil steadies above $60 after sharp Monday fall

Brent crude oil prices steadied above $60 a barrel in early Asian trading on Tuesday, supported by traders entering the market after prices dropped sharply in the previous session on the back of record US stocks. Brent futures fell 5 per cent, its most in a month, on Monday as re

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