Prime Minister gives ‘divisive’ fracking his whole-hearted support
Britain’s Prime Minister David Cameron risks alienating rural support with his unequivocal backing of fracking of country’s shale gas reservesIOC calls on Russia to explain its anti-gay law
Olympic president says Russia must say how its controversial anti-gay propaganda law will affect the Sochi Winter Games
Obama pulls out of Putin summit, exposing widening rift with Moscow
US President Barack Obama cancels next month’s summit with Russian President Vladimir Putin in Moscow, exposing a deep diplomatic rift between the two military powers
UK voices ‘grave concern’ about conduct of Zimbabwean vote
Foreign Office points to late publication of voters’ roll and lack of legal reform as irregularities in Zimbabwe’s general elections
UK considers joblessness in interest rate policy
Bank of England governor links monetary policy outlook to unemployment for the first time, pledges to expand stimulus if needed
Bank of England ties rates to jobs, markets unconvinced
Bank intends to keep interest rates low until unemployment falls to 7%, economists say forward guidance has created more uncertainty than reassurance
International companies
Swiss Re shrugs off cost of floods in Europe, Canada
World’s second-largest reinsurer takes a heavy hit from claims for floods across Europe, pushing it into loss-making territory for the first time in two years
Deutsche Telekom beefs up US marketing budget
Telecoms giant cuts free cash-flow target to ‘carry on along successful course’ of turnaround in US, as it posts 6% fall in second-quarter earnings
Second probe in as many days weighs on Grant Thornton
Britain’s accounting watchdog launches second investigation into firm named in legal battle between Vincent Tchenguiz and Serious Fraud Office
Standard Chartered knocked by writedown of South Korea unit
UK bank Standard Chartered posts 24% drop in first-half profit after group writes down value of its Korean business by $1bnNestlé cuts sales growth target on sluggish Europe
World’s biggest food group says, however, it hopes price cuts and investment in its brands will help second-half sales volumes
Multimedia
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- Russia defies US by granting Snowden asylum
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- Police end Bulgarian parliament siege, evacuate trapped MPs
- Dewani to be extradited to SA for murder trial
- Vatican, Italy close to deal on bank information exchange
- Eurozone unemployment falls for first time in two years
- Recovering Europe fails to boost jobs
- SABMiller queries banks’ aluminium role
- Snowden fails to leave Moscow as hoped
- Youth joblessness ‘a threat to eurozone’
- World awaits first glimpse of Britain’s new prince
- Spain’s prime minister to face parliament over graft scandal
- Arctic shipping set to grow as sea ice melts
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