Must-Reads from Around the World

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Manish Swarup / AP

Burma's opposition leader and Nobel laureate Aung San Suu Kyi stands after paying floral tribute at the memorial of India's first Prime Minister Jawaharlal Nehru on his birth anniversary in New Delhi, India, Nov. 14, 2012.

Burma Peace Talks – Burma’s opposition leader Aung San Suu Kyi is willing to mediate an end to violence between the government and the country’s ethnic minority groups, which could lead to a formal invitation from the government to participate in negotiations with Kachin rebels, the Guardian reports. Suu Kyi made the announcement on Union Day on Feb. 12, which celebrates the day in 1947 when her father signed an agreement with leaders of Burma’s ethnic minorities to gain independence from British colonial rule, the daily points out. The Nobel laureate has drawn fierce criticism for not taking part in peace talks regarding the Kachin conflict, notes Al Jazeera.

Peruvian Amazon Gas – The Guardian reports that energy company Pluspetrol is eyeing gas reserves at Manú National Park in the Peruvian Amazon.  The United Nations Education, Scientific and Cultural Organization (UNESCO) says the biodiversity at the national park “exceeds that of any other place on Earth” and is home to indigenous people who do not have regular contact with the outside world, notes the Guardian. UNESCO has declared the park a World Heritage Site and biosphere reserve. The disclosure about Manú and a possible expansion of hydrocarbon activities into the park comes amid rumors and reports that the Peruvian government will create a gas concession that borders or includes parts of it; however, the daily said those reports have not been publicly confirmed. Peruvian law prohibits extractive operations in national parks.


Curfew Continues – The government-imposed shutdown in Indian-administered Kashmir has been continued in order to contain unrest after Muhammad Afzal, also known as Afzal Guru, was hanged for plotting to attack the country’s parliament in December 2001, the New York Times reports. Authorities have blocked roads to Afzal’s hometown of Sopore after separatist groups threatened to march there on Tuesday to mark his death, said the BBC. Many residents are running out of food and milk in Srinagar, Kashmir’s summer capital, and dozens have been injured with at least one person killed in protests against Afzal’s hanging, which, according to the New York Times, happened secretly in Delhi on Saturday and was announced afterward.  The ban on movement of people and vehicles in Kashmir was imposed under India’s criminal procedure code, which was referred to after protests over the recent Delhi gang rape, and prohibits the assembly of more than four people, notes the New York Times.

Iran Elections — Iranian president Mahmoud Ahmadinejad has accused his political rivals of plotting to rig the forthcoming presidential election, reports the Times of London. In a speech marking the anniversary of the Islamic Revolution, Ahmadinejad accused a number of regime officials of corruption. “Some people have said they can engineer the election,” he said during a speech marking the anniversary of the Islamic Revolution. He was referring to recent comments by Iran’s Supreme Leader Ayatollah Ali Khamenei’s representative in the Revolutionary Guard, who recently declared that the militia had “a responsibility to engineer a rational and logical election.” This goes against Ayatollah Ali Khamenei, who has tried to discourage debate within the regime about the fairness of the elections, writes the daily. Ahmadinejad also defied the Ayatollah by announcing that he was ready to talk to the Americans over Iran’s nuclear standoff with the West. Khamenei last week ruled out bilateral talks with the United States, notes the Times.

Pope Resignation — Pope Benedict XVI has made his first public appearance since announcing his resignation, reports the BBC. On the day he will hold what is expected to be his last public Mass, for Ash Wednesday, he thanked the public for their “love and prayers.” The 85-year-old pontiff said he was stepping down “for the good of the church,” reports the Independent. The daily notes that during his time in the Vatican, the then Cardinal Joseph Ratzinger saw first-hand the failing health of his predecessor John Paul II – leading him to believe that Popes should step down if unable to do their jobs. Vatican officials said Benedict will continue with his planned engagements until the day he officially retires at the end of February, writes the BBC. There is expected to be a new Pope by the end of Lent, in six weeks’ time.

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famulla5
famulla5

Germany's economy collapsed by 0.6pc in the final three months of last year as the Eurozone recession finally caught up with the currency bloc’s most powerful member. A sharp fall in exports from the region’s trading hub caused the larger-than-expected decline, as official figures showed that the Eurozone as a whole slumped 0.6pc in the quarter, the worst performance in over three years. The currency area has contracted for three quarters running and by 0.5pc for the year as a whole. It is 1pc smaller than in September 2011. Economists had expected Germany to be hit by the bloc’s waning fortunes but the scale of decline came as a surprise. France, which shrank by 0.3pc, and Italy, which was down 0.9pc – a sixth straight quarterly decline, also performed worse than predicted. Evidence of the extent of the Eurozone’s troubles came as Japan also posted a shock 0.1pc contraction in the three months to December – its third successive quarterly slump. The weak figures stoked speculation that new Prime Minister Shinzo Abe would step up his efforts to stimulate the economy. The surprisingly poor Eurozone data caused the currency to fall 0.9pc against the dollar to $1.3328 in early trading. Stock markets in Europe yo-yoed in early sessions, but were down slightly by midday. In Japan, the Nikkei rose 0.5pc and the currency largely held its ground. In Europe, Anita Paluch, a sales trader at Gekko Capital Markets, said: “It is kind of disappointing that Germany, which had shown so much resilience, is now showing signs of suffering from the debt crisis. I thank you Firozali A.Mulla DBA

famulla5
famulla5

The eurozone slipped deeper than expected into recession in the last three months of 2012 after its largest economies, Germany and France, shrank at the end of a wretched year for the region. It marked the currency bloc's first full year in which no quarter produced growth, extending back to 1995. For the year as a whole, gross domestic product (GDP) fell by 0.5 per cent Economic output in the 17-country region fell by 0.6 per cent in the fourth quarter, EU statistics office Eurostat said on Thursday, following a 0.1 per cent output drop in the third.The quarter-on-quarter drop was the steepest since the first quarter of 2009 and more severe than the average forecast of a 0.4 per cent drop  Within the zone, only Estonia and Slovakia grew in the last quarter of the year, although there are no figures available yet for Ireland, Greece, Luxembourg, Malta and Slovenia. The big economies set the tone. Germany contracted by 0.6 per cent on the quarter, official data showed, marking its worst performance since the global financial crisis was raging in 2009. France's 0.3 per cent fall was also slightly worse than expectations. Worryingly for Berlin, it was export performance — the motor of its economy — that did most of the damage, declining significantly more than imports, although economists expect it to bounce back quickly. The euro hit a session low against the dollar after the weaker than forecast German reading and dropped again after the release of full Eurozone figures. Back revisions to the French figures showed its output fell by 0.1 per cent in each of the first and second quarters of 2012, meaning the country has already experienced one bout of recession in the last twelve months. While the European Central Bank's pledge to do whatever it takes to save the euro has taken the heat out of the bloc's debt crisis, even its stronger members are gripped by an economic malaise that could push debt-cutting drives off track. French Prime Minister Jean-Marc Ayrault acknowledged for the first time on Wednesday that weak growth was putting his government's deficit goal for 2013 out of reach. I thank you Firozali A.Mulla DBA

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