Monday, May 7, 2012

World News Briefs -- May 7, 2012



Euro Falls To Three And A Half Year Low Amid Market Jitters At French And Greek Elections -- The Telegraph

The Euro hit a three and a half year low against the pound as financial markets reacted to the election of Francois Hollande as France’s first Socialist president for 17 years and the new threat to a eurozone break-up posed by the post-election turmoil in Greece.

The Paris stock exchange CAC 40 index dropped 1.52pc in early trading with investors nervous about the growing pressure for a eurozone economic policy switch from austerity to growth, reflected in the French and Greek election results and President Hollande’s priorities.

Read more ....

MIDDLE EAST

Syria goes to the polls in parliamentary elections. Syria's Muslim Brotherhood rise from the ashes.

Syria moving Scuds to Israel, Turkey borders – report.

Israeli PM proposes Sept. 4 election date.

U.S. wants "urgent" Iranian steps in nuclear talks.

Iraq court to free U.S. killings suspect: lawyer.

Court rejects appeal of Palestinian hunger strikers.

Al-Qaida surprise attack kills 20 Yemeni soldiers. At least 32 Yemeni troops killed in militant attack.

ASIA

Taliban militants behead 2 Pakistani soldiers.

Clinton says Al-Qaeda chief Zawahiri is in Pakistan. Pakistan asks US to share intel on Qaeda chief.

Dissident Chen 'does not know when he can leave China'.

China purchase sparks land grab fears in N. Zealand.

At least 20 dead in Nepal flood, 44 missing.

AFRICA

Military raid in north Nigeria city of Kano leaves 4 suspected Islamic sect members dead.

Congo military in control of 2 areas in North Kivu.

Egypt parliament bars next president from referring civilians to military tribunals.

ECOWAS hopeful of UN backing over Guinea-Bissau.

Africa's share of foreign direct investment largest ever.

EUROPE

France, Greece and Germany election results send austerity shockwaves through Europe. What's at stake as 6 European nations vote.

Socialist Francois Hollande wins French presidency. Hollande defeats Sarkozy 51.62 pct to 48.38 pct.

Greek voters punish ruling coalition over austerity. Greece enters dangerous turmoil after election.

Putin sworn in as Russia's president for 6 years. Russia: Arrests in Moscow as Vladimir Putin is sworn in as president.

Runoff expected in Serbian presidential race.

France election: Germany rules out reworking EU's 'fiskalpakt'.

Italian nuclear company boss wounded in shooting.

AMERICAS

Mexico presidential candidates face off in televised debate. Mexico election: TV debate sees candidates trade barbs.

Chavez reelection bid in doubt.

Mexico drugs: 23 bodies found in Nuevo Laredo.

Colombia's FARC rebels: We hold French reporter. Farc rebels 'to release reporter Romeo Langlois soon'.

TERRORISM/THE LONG WAR

CIA drone strike kills Al Qaeda leader wanted in USS Cole bombing, US officials say.

Sept. 11 trial defense aims at long game in military case.

A play-by-play of what went down in the courtroom during the 9/11 arraignment yesterday.

'Brains behind Bali bombing' apologises to victims' families.

Warren Weinstein, U.S. man held hostage by al Qaeda, appeals to Obama in video.

ECONOMY/FINANCE/BUSINESS

Investors fret after Greek, French votes.

Advertisers uneasy with Facebook.

4 years after Wall Street crash, regulation of financial markets is still spotty.

Box office shocker: 'Avengers' opens to record-shattering $200.3 million.

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