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Middle East

Russia’s Lavrov says ‘key aspects’ agreed as Iranian nuclear talks extended

Russian Foreign Minister Sergei Lavrov. Picture: REUTERS/STRINGER

Six world powers, Iran miss deadline to reach outline accord reining in Tehran’s nuclear programme, extending talks as they edge towards deal

Europe

Turkey grinds to halt after massive power cut

Demonstrators protest against a major power outage that hit cities and provinces across Turkey, in front the Energy Ministry in Ankara on Tuesday. Picture: REUTERS

Energy ministry sets up ‘crisis cell’ to probe whether cyber attack, terrorists or supply dispute behind nationwide outage

Middle East

Iran says Saudi ‘attack’ on Yemen endangers region

Yemenis gather beside a burning vehicle allegedly belonged to Houthi fighters following clashes with tribal militiamen loyal to Yemeni president Abdo Rabbo Mansour Hadi in the southern port city of Aden, Yemen, on Thursday. Picture: EPA/STRINGER

Iran warns Saudi ‘attack’ on Yemen endangers whole region, calling for immediate halt to military operation against Shiite rebels

Middle East

Iran, powers push for nuclear deal as clock ticks toward deadline

Iran. Picture: EPA/ABEDIN TAHERKENAREH

Iran, six world powers ramp up pace at Tuesday’s negotiations over preliminary deal on Iranian nuclear programme as self-imposed deadline approaches

Europe

Campaigning starts for closely fought UK polls

 David Cameron. Picture: AFP PHOTO/LEON NEAL

British Prime Minister David Cameron warns of ‘stark choice’ for electorate and meets queen to formalise the dissolution of Parliament

Opinion

Study anthropology for your next car

Not surprisingly, Chinese consumers often have radically different ideas of what makes a great car, especially if they are female

 Barack Obama. Picture: REUTERS/GARY CAMERON

Obama to finally get around to Kenya visit

US president’s planned meeting with Kenya President Uhuru Kenyatta is bound to court controversy

World

E-vigilantes take on Islamic State

Spanish civil guards lead a detained man suspected of using social media to recruit people to violent groups such as the Islamic State (IS), in Spain’s North African enclave Melilla, last month. Two of four people arrested ran web pages promoting the cause of various groups, especially IS, translating material into Spanish, the interior ministry said. Picture: REUTERS

Hackers hunt down social media accounts that promote terrorist groups, writes Narick Gladstone

Middle East

Palestinians prepared to trigger case as they join ICC

A Palestinian boy looks through a sheet covering the remains of his family's house, which witnesses say was heavily damaged by Israeli shelling during a 50-day war last year, in Beit Hanoun,  Gaza Strip, on Tuesday.  Picture: REUTERS/MOHAMMED SALEM

Accession to the court is part of the Palestinians’ campaign to win global recognition of statehood, but Israel says such unilateral moves damage prospects for a negotiated solution

Middle East

Saudi-led air strikes hit Yemen

A Yemeni woman looks at her destroyed house in the Yemeni capital on Thursday, after Saudi air strikes against Huthi rebels near Sanaa Airport. Saudi Arabia launched a military operation overnight in Yemen by a regional coalition to defend the government of embattled President Abedrabbo Mansour Hadi as the country teeters on the brink of civil war.  Picture: AFP PHOTO / MOHAMMED HUWAIS

Air raids by coalition again strike Houthi militia targets across Yemen, hitting northern stronghold of Saadeh, Sanaa, Yarim, confirm residents

Middle East

Syrian military accuses Turkey of backing Islamist rebels in capture of Idlib

Rebel fighters pose carrying Ahrar Al-Sham, Free Syrian Army and Nusra front flags in Idlib city, after they took control of the area at the weekend. Picture:  REUTERS/AMMAR ABDALLAH

President Bashar Assad calls Turkish President Tayyip Erdogan a ‘Muslim Brotherhood fanatic’ who directly supports al-Qaeda-linked Nusra Front and allies in battle for Syria


International companies


World

Investors exit commodities at record rate

The Goldman Sachs logo is displayed on a post above the floor of the New York Stock Exchange in this September 11 2013 file photo.  Picture: REUTERS

While the US is strengthening, Europe is still contending with its debt crisis and growth is slowing in China, the top user of everything from iron ore to pork

World

NEWS ANALYSIS: Oil majors likely to kiss and make up with Iran

MISSION IMPOSSIBLE: Iranian President Hassan Rouhani gestures to the media during a news conference in Tehran in June 2013. He has promised to work on Iran’s venomous relationship with Saudi Arabia. Picture: REUTERS

The final hurdle is a long history of distrust between international oil players, governments and the Iranians

Europe

Thousands axed as top banks battle costs

A pedestrian passes a Royal Bank of Scotland branch in the City of London. Picture: REUTERS

Tens of thousands of bank staff lost work in 2007-09, followed by a second wave in 2013 — now digital banking is poised to wield a scythe

A pillow on a couch at Twitter headquarters in San Francisco, California. Picture: REUTERS

Curator tool part of Twitter’s push to display more tweets outside its site

New media tool will make it easier for media organisations to find, display stream of tweets, Vine video alongside broadcasts, stories

Europe

Shake-up after Richemont sells online retailer

Natalie Massenet, founder and chairman of online fashion retailer Net-A-Porter,  attends the International Herald Tribune luxury goods conference  in Berlin. File picture: REUTERS/THOMAS PETER

Yoox creates luxuries giant with Net-a-Porter in booming online luxury market, write Astrid Wendlandt and Valentina Za

Companies

Lafarge shares drop as Holcim shareholders balk at new deal terms

Picture: THINKSTOCK

Shares in French cement group Lafarge fall by about 2% after two shareholders of its Swiss merger partner Holcim appear unhappy with revised deal terms

Europe

Russian elite sheltered from worst of the pinch

Model and former Mrs Globe Alisa Krylova has a manicure last week at a beauty salon in Moscow. She is among Russia's super-rich but even she and her wealthy friends are aware of the economic crisis. Picture: REUTERS

Economic woes have not turned the rich against Russian President Vladimir Putin, writes Elizabeth Piper

Europe

Cash-strapped Greece wrangles with creditors

Alexis Tsipras. Picture: BLOOMBERG / KOSTAS TSIRONIS

Prime Minister Alexis Tsipras prepares to face grilling in parliament on negotiations with lenders over new package of reforms needed to unlock vital bailout funds

Europe

Merger aims to have online fashion market all sewn up

Picture: THINKSTOCK

Yoox and Richemont’s Net-a-Porter confirm merger talks are under way to create an industry leader

Europe

French right deals major blow to ruling Socialists in local elections

Former French President Nicolas Sarkozy attends the inauguration of the Institut Claude Pompidou, a new centre for care and research of Alzheimer disease, in Nice in this March 10 2014 file photo. Picture: REUTERS

Biggest winner is former president Nicolas Sarkozy, as voters welcome his decision to ally his right-wing UMP with centrists

Middle East

Syrian military accuses Turkey of backing Islamist rebels in capture of Idlib

Rebel fighters pose carrying Ahrar Al-Sham, Free Syrian Army and Nusra front flags in Idlib city, after they took control of the area at the weekend. Picture:  REUTERS/AMMAR ABDALLAH

President Bashar Assad calls Turkish President Tayyip Erdogan a ‘Muslim Brotherhood fanatic’ who directly supports al-Qaeda-linked Nusra Front and allies in battle for Syria

Middle East

Diplomats resume Iran nuclear discussions

Iran's Foreign Minister Mohammad Javad Zarif. Picture: REUTERS

If a deal is reached, Iran could add its stockpiles into an oversupplied oil market where prices have fallen more than 50% since June

Asia-Pacific

Lee Kuan Yew’s legacy in charts

Lee Kuan Yew. Picture: EPA/JURNASYANTO SUKARNO

Ldd Kuan Yew, who died earlier this month aged 91, presided over a turnaround in Singapore’s fortunes, taking it from a colonial backwater to one of the richest places on the planet

Companies

Lafarge shares drop as Holcim shareholders balk at new deal terms

Picture: THINKSTOCK

Shares in French cement group Lafarge fall by about 2% after two shareholders of its Swiss merger partner Holcim appear unhappy with revised deal terms

Asia-Pacific

Modular mojo: Toyota re-engineers its appeal

Picture: REUTERS

Toyota is looking to cast off reputation for making reliable, but often dull, cars in wide-ranging review of its designs, technologies, factories and supply deals

Companies

Lufthansa may face unlimited liability

Airplane of German air carrier Lufthansa lands at the airline's main hub in Frankfurt. Picture: REUTERS

Unusual circumstances surrounding Germanwings crash won’t necessarily free airline and insurers from claims of negligence, aviation lawyers say

Americas

Brazil uncovers multibillion-dollar tax fraud

Picture: THINKSTOCK

Dozens of Brazilian firms, including banks, are under investigation amid allegations they paid $5.9bn in bribes to tax officials

Europe

UK offloads shares to cut Lloyds stake to 21.9%

Lloyds bank. Picture: BLOOMBERG/CHRIS RATCLIFFE

UK government continues to cut its position in nation’s largest mortgage lender before elections in May

Americas

Berkshire and 3G Capital to take over Kraft

Warren Buffett’s Berkshire Hathaway and Jorge Paulo Lemann’s 3G Capital have agreed to buy HJ Heinz, ending the independence of the iconic tomato sauce maker that can trace its roots to the 1860s. File picture: Bloomberg

Merged with HJ Heinz, Berkshire and 3G will invest another $10bn and call the new giant Kraft Heinz Company

Opinion

We need to work together to bring the internet to the whole world

A man plays a computer game at an internet cafe in Beijing. Chinese government has closed 50 websites and social media accounts for various violations, according to Beijing’s cyberspace watchdog. Picture:   REUTERS / KIM KYUNG-HOON

If you care about boosting local economies, or improving education in poor countries, then access is your issue too

A Heinz Ketchup bottle sits between a box of Kraft macaroni and cheese and a bottle of Kraft Original Barbecue Sauce. Picture: REUTERS

Why Warren Buffett is bad for your health

The Oracle of Omaha has made a mint on artery-based arbitrage, writes Kyle Stock

Europe

Labour leading Tories, poll shows

Britain's Prime Minister David Cameron delivers a speech at a community centre in Bursledon, southern England, on Monday.  Picture: REUTERS

The UK’s opposition Labour Party secures its biggest opinion poll lead since September over Prime Minister David Cameron’s Conservatives, according to YouGov

Americas

US GDP unrevised at 2.2% in fourth quarter

Picture: THINKSTOCK

Economic growth cools in fourth quarter, with businesses throttling back on inventory, equipment investment, but robust spending limits slowdown in pace of activity

Opinion

THICK END OF THE WEDGE: With Russia, stories seldom end well

Why would President Jacob Zuma cosy up to easily the least trustworthy leader of a major power in the world?

Europe

DNA from 78 Germanwings crash victims found

Debris from the Germanwings Airbus A320 that crashed in the French Alps. Picture: EPA/SEBASTIEN NOGIER

Forensic teams have isolated 78 distinct DNA strands from body parts recovered from the Germanwings crash site in the French Alps, lead investigator says

Middle East

Saudi-led campaign strikes Yemen’s Sanaa, Morocco joins alliance

People sit on ammunition boxes they took from army depots in Yemen's southern port city of Aden on Friday. Yemen's beleaguered government said Saudi-led airstrikes against its Houthi militia opponents would not last long on the second day of a Gulf Arab-led campaign against the Iranian-allied militia that could escalate a proxy conflict spreading through the region. Picture: REUTERS/Anees Manousr

Yemen’s beleaguered government says Saudi-led airstrikes against Houthi militia opponents will not last long on second day of mainly Gulf Arab campaign

Europe

Germanwings pilot hid health condition that would have banned flying

A picture made available on Friday shows Andreas Lubitz, co-pilot of Germanwings flight 4U9525, running during the Aerportrace in Hamburg, Germany on September 13 2009. Picture: EPA/FOTO-TEAM-MUELLER

Pilot who crashed aircraft in French Alps had received sick note from doctors showing he suffered health condition that would have prevented him flying day of crash

Middle East

Iran stockpiles ‘could flood market’

A worker walks atop a tanker wagon to check the freight level at an oil terminal on the outskirts of Kolkata in this file photograph. Global markets could be hit by the lifting of sanctions before Iran starts pumping more oil. Picture: REUTERS

Oil move expected to follow soon after sanctions are eased, writes Grant Smith

Europe

NEWS ANALYSIS: Europe may veto new sanctions on Russia

Russia gas. Picture: BLOOMBERG

Europe relies heavily on Russian gas exports, so any energy-related sanctions will be a hard sell for the US, writes Timothy Gardner

Americas

NEWS ANALYSIS: US-Israel relationship may have passed a turning point

Demonstrators hold placards during a rally near the Israeli consulate in New York earlier this month.  Picture: REUTERS

After Benjamin Netanyahu’s victory and Barack Obama’s potential nuclear deal with Iran, the question is whether the US and Israel can ever repair their relationship

Middle East

High stakes for Riyadh in campaign in Yemen

King Salman bin Abdulaziz al-Saud. Picture: AFP

Success would establish Riyadh as de facto leader of the region’s Sunni states, but failure could see it sidelined

Europe

Telefónica to sell Britain’s O2 for $13.83bn to Hutchison

Telefónica. Picture: BLOOMBERG

Spanish telecommunications company Telefónica reaches deal to sell British cellphone operator to Hutchison Whampoa of Hong Kong

Europe

Rescuers struggle to recover bodies in French Alps crash

A helicopter of civil security services is seen in Seyne, south-eastern France, on Tuesday, near the site where a Germanwings Airbus A320 crashed in the French Alps. Picture: AFP

Arduous search for victims of worst aviation disaster on French soil in decades set to resume, as European leaders visit site of tragedy to pay their respects

Asia-Pacific

Cheap eurozone takeaway fuels Chinese appetites

Picture: REUTERS

Inexorable decline of common currency offers ambitious Chinese firms bargain buffet of eurozone business, with Pirelli deal latest in acquisition binge

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