MarketBite

Posts Tagged ‘France


Clinton held talks with seven opponents of Assad (AFP/Pool, J. Scott Applewhite)

The United States and France sent their ambassadors back to Syria to champion protesters, demanding that the regime protect the envoys who had been pulled out due to safety fears.

US Ambassador Robert Ford and French Ambassador Eric Chevallier had faced harassment and threats as they shone a light on President Bashar al-Assad’s nine-month crackdown, in which more than 4,000 people are said to have died.

“We believe his presence in the country is among the most effective ways to send the message that the United States stands with the people of Syria,” US State Department spokesman Mark Toner said as the two envoys flew back in.

Ford will seek to provide “reliable reporting on the situation on the ground” and engage “with the full spectrum of Syrian society on how to end the bloodshed and achieve a peaceful political transition,” Toner said.

White House spokesman Jay Carney demanded that Syria uphold international obligations to protect foreign diplomats and allow US officers “to conduct their work free of intimidation or obstacles.”

In Paris, deputy foreign ministry spokesman Romain Nadal said that the concerns that led to Chevallier’s recall have not gone away but that “his work on the ground in Syria is important.”

“France is more than ever at the side of the Syrian people,” Nadal told AFP.

The US and French ambassadors had both traveled in Syria to document protests and show their support, amid official attempts to prevent international media and observers from witnessing the crackdown firsthand.

The United States announced on October 24 that Ford had been brought back to Washington because of “credible threats.” Assad supporters had pelted Ford and the embassy staff with tomatoes and damaged US vehicles as they visited an opposition leader in Damascus.

The French ambassador was recalled on November 16 after mobs loyal to Assad attacked France’s honorary consulate in the northern city of Latakia and the detached chancery in Aleppo.

Toner said the United States “felt there was a sense of urgency” in sending Ford back to Damascus but said that Washington would “keep a close eye” on what it viewed as threats to him, including articles in the state-run press.

In further pressure on Syria, US Secretary of State Hillary Clinton on Tuesday held talks in Geneva with seven opponents of Assad. She called for the protection of women and minorities, a key concern for a future without Assad, as he comes from the minority Alawite sect.

read more -AFP


A man checks stock indexes on a screen of a bank in Milan, Italy, Monday, Nov. 28, Photo By Luca Bruno, 16 hrs ago. AP

European leaders rushed Monday to stop a rampaging debt crisis that threatened to shatter their 12-year-old experiment in a common currency and devastate the world economy as a result.

One proposal gaining prominence would have countries cede some control over their budgets to a central European authority. In a measure of how rapidly the peril has grown, that idea would have been unthinkable even three months ago.

World stock markets, glimpsing hope that Europe might finally be shocked into stronger action, staged a big rally. The Dow Jones industrial average in New York rose almost 300 points. In France, stocks rose 5 percent, the most in a month.

More relevant to the crisis, borrowing costs for European nations stabilized. They had risen alarmingly in recent weeks — in Greece, then in Italy and Spain, then across the continent, including in Germany, the strongest economy in Europe.

The yields on benchmark bonds issued by Italy and Germany rose, but only by hundredths of a percentage point. The yield fell 0.1 percentage point on bonds of France, 0.14 points for those of Spain and 0.22 points for Belgium.

Allowing a central European authority to have some control over the budgets of sovereign nations would create a fiscal union in Europe in addition to the monetary union of the 17 countries that share the euro currency.

Some analysts have said that would be a leap toward creating a United States of Europe. More delicately, it would force the nations of Europe to swallow their national pride, cede some sovereignty and agree to strengthen ties with their neighbors rather than fleeing the euro union during the crisis.

The common currency has the problem that the monetary policy is joint, but the fiscal policy is not,” Germany’s finance minister, Wolfgang Schaeuble, said in a meeting with foreign reporters in Berlin.

The monetary union has existed since the euro was created in 1999, but the European Union, which includes the 17 euro nations and 10 others that use their own currencies, has no central authority over taxing and spending.

Countries like Ireland, Portugal, Spain, Greece and Italy overspent wildly for years and racked up annual budget deficits that have left them with monstrous debt. Italy holds €1.9 trillion in debt, or 120 percent of the size of its economy.

via AP.


  • Apple on Monday said  that it has sold over four million of its new iPhone 4S, just three days after its launch on October 14.
  • It said that more than 25 million customers are already using iOS 5, the world’s most advanced mobile operating system and the device is available in the US, Australia, Canada, France, Germany, Japan and the UK, and will be available in 22 more countries on October 28 and more than 70 countries by the end of the year.
  • iPhone 4S is off to a great start with more than four million sold in its first weekend—the most ever for a phone and more than double the iPhone 4 launch during its first three days,” said Philip Schiller, Apple’s senior vice president of Worldwide Product Marketing. “iPhone 4S is a hit with customers around the world, and together with iOS 5 and iCloud, is the best iPhone ever.

read more


July 2017
M T W T F S S
« Dec    
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 6 other followers

Twits

%d bloggers like this: