International News

Bhutan, Bangladesh seek greater regional connectivity

IANS - 11:16 AM

Dhaka, Nov 8 (IANS) Bhutan may sell power to Bangladesh in return for more imports, including fruits and vegetables, as the South Asian nations discussed trade and tourism as well as cooperation in setting up industries.

  • Britain's Prime Minister Gordon Brown gestures in Evian-Les-Bains July 6, 2009. REUTERS/Denis Balibouse/Files
    UK floats bank levy, G20 launches imbalances framework Reuters - 08:20 AM

    Britain pressed the G20 on Saturday to come up with a plan to make banks pay for any future bailouts but one idea of imposing a global financial transactions tax was immediately shot down by the United States.

  • U.S. Treasury Secretary Timothy Geithner testifies before the House Financial Services Committee on Capitol Hill in Washington, October 29, 2009. REUTERS/Larry Downing/Files
    U.S.'s Geithner - need stimulus, not transactions tax Reuters - 08:19 AM

    U.S. Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior.

  • Britain's Prime Minister Gordon Brown gestures in Evian-Les-Bains July 6, 2009. REUTERS/Denis Balibouse/Files
    UK joins G20 push for world levy on banks Reuters - Sat, Nov 7

    Britain threw its weight on Saturday behind proposals to impose a global levy on banks to fund future bailouts but failed to make much progress on securing a G20 deal to meet the cost of climate change.

  • U.S. Treasury Secretary Timothy Geithner testifies before the House Financial Services Committee on Capitol Hill in Washington, October 29, 2009. REUTERS/Larry Downing/Files
    U.S. Geithner says need to keep stimulus on Reuters - Sat, Nov 7

    U.S. Treasury Secretary Timothy Geithner said high unemployment rates show that economic recovery is still perilous and governments need to maintain stimulus as long as necessary to ensure sustained growth.

  • Finance ministers and central bankers pose for the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland, November 7, 2009. REUTERS/Andrew Winning
    G20 to keep stimulus till recovery assured - draft Reuters - Sat, Nov 7

    Global economic conditions have improved but are still uneven and dependent on policy support, according to a draft of the G20 finance ministers' and central bankers' end-of-meeting communique.

  • British PM revives global tax idea at G20 meet IANS - Sat, Nov 7

    London, Nov 7 (IANS) British Prime Minister Gordon Brown Saturday resurrected the idea of the international community imposing a global tax on banks as a repayment for the billions of pounds of taxpayers' money they have received from governments.

  • Britain's Chancellor of the Exchequer Alistair Darling speaks at a Thomson Reuters newsmaker event in London October 21, 2009. Darling urged his G20 counterparts on Saturday to work toward a $100 billion deal to tackle climate change but developing nations insisted they did not want to talk about it. REUTERS/Andrew Winning
    Britain urges divided G20 to reach climate deal Reuters - Sat, Nov 7

    British finance minister Alistair Darling urged his G20 counterparts on Saturday to work toward a $100 billion deal to tackle climate change but developing nations insisted they did not want to talk about it.

  • U.S. President Barack Obama makes a statement about the shootings in Fort Hood, Texas, and on the latest employment figures released in the Rose Garden of the White House in Washington, November 6, 2009. REUTERS/Jason Reed
    Obama weighs steps to spur jobs, wary on deficit Reuters - Sat, Nov 7

    U.S. President Barack Obama on Friday listed a range of fresh options being considered by the White House to spur growth after "sobering" news that unemployment spiked to a 26 1/2-year peak last month.

  • Bangladesh seeks link to Bhutan via India IANS - Sat, Nov 7

    Thimphu, Nov 7 (IANS) Bangladesh Prime Minister Sheikh Hasina has sought a road to Bhutan through India for bettr trade and people-to-people contact. She told her hosts at this Bhutanese capital that India had accepted the idea in principle.

  • Head of GM Europe may join Tata motors: Report IANS - Sat, Nov 7

    Frankfurt, Nov 7 (DPA) The European chief of General Motors (GM), Carl-Peter Forster, may switch to Indian car manufacturer Tata, German media reported Saturday.

  • Argentina's central bank president Martin Redrado smiles as a reporter asks a question at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland November 6, 2009. REUTERS/Andrew Winning
    HIGHLIGHTS - Comments from G20 finmins, c.bankers meeting Reuters - Sat, Nov 7

    Following are comments on Saturday from Group of 20 finance ministers, central bank policymakers and officials meeting in Scotland.

  • A man stands in the balcony of his home surrounded by a new real estate project in Shanghai July 28, 2009. China is not counting on a quick rebound in the world economy to fuel growth but will concentrate instead on boosting home-grown demand, Yao Jingyuan, chief economist at the National Bureau of Statistics, said on Saturday. REUTERS/ Nir Elias
    China eyes home demand not exports - stats official Reuters - Sat, Nov 7

    China is not counting on a quick rebound in the world economy to fuel growth but will concentrate instead on boosting home-grown demand, Yao Jingyuan, chief economist at the National Bureau of Statistics, said on Saturday.

  • Zia blames 'foreign hand' for industrial violence IANS - Sat, Nov 7

    Dhaka, Nov 7 (IANS) Former Bangladesh prime minister Khaleda Zia has blamed 'instigation by competitor foreign countries' for the recurring violence in the country's money-spinning garment sector.

  • US tissue firm offers $10,000 for hanging out at restrooms IANS - Sat, Nov 7

    New York, Nov 7 (IANS) A major US toilet tissue company is offering a $10,000 pay to five enthusiastic people willing to hang out at its Times Square restrooms for six weeks as its ambassadors during the holiday season.

  • India has a seat at table of global influence: US official IANS - Sat, Nov 7

    Washington, Nov 7 (IANS) With new players like India and Brazil taking a seat at the table of global influence, the international system that emerged at the end of World War-II is being transformed, according to the top US intelligence official.

  • Bangladesh readies flood-tolerant rice varieties IANS - Sat, Nov 7

    Dhaka, Nov 7 (IANS) Bangladesh is set to release three flood-tolerant rice varieties to farmers that would help prevent up to a million tonnes of annual crop loss caused by flash floods every year.

  • INTERVIEW - Canada steps up oil sands push in United States Reuters - Sat, Nov 7

    Canada has mounted its biggest campaign yet to sell the United States on the energy security benefits of the oil sands as Washington debates new environmental policy, the country's energy minister said on Friday.

  • EXCLUSIVE - U.S. arms sales hit record in 2009 Reuters - Sat, Nov 7

    U.S. government-to-government arms sales rose 4.7 percent to a record $38.1 billion last year, and are expected to total almost as much in 2010, the Pentagon agency that administers them said on Friday.

  • Another UBS client gets reduced tax fraud sentence Reuters - Sat, Nov 7

    A British-born Florida yacht broker and former client of Swiss bank UBS AG received a reduced, two-month prison sentence for tax fraud on Friday because he cooperated with a U.S. investigation into the bank.


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