Exclusive: Egypt's president rules out currency devaluation

Exclusive: Egypt's president rules out currency devaluation


Exclusive: Egypt's president rules out currency devaluation

Posted: 27 Aug 2012 01:36 PM PDT

CAIRO (Reuters) - Egypt's new president said on Monday he would not impose new taxes or devalue the country's currency and that his government would rely instead on investment, tourism and exports to fix an economy ravaged by a year and a half of political turmoil.


Gunmen in Kenya Kill Muslim Cleric

Posted: 27 Aug 2012 12:06 PM PDT

Gunmen in Kenya's coastal city of Mombasa shot dead a Muslim cleric accused by Washington and the United Nations of supporting al Qaeda-linked militants in Somalia, sparking rioting by youths in which one person died.


Arctic sea ice reaches record low

Posted: 27 Aug 2012 01:11 PM PDT

The Arctic has lost more sea ice this year than at any time since satellite records began in 1979, Nasa space agency says.


Egypt denies entry to Bahraini activist

Posted: 27 Aug 2012 12:31 PM PDT

Maryam al-Khawaja has been refused entry by airport security officials for "security reasons".


Military disciplines 9 service members in connection with Afghan incidents

Posted: 27 Aug 2012 12:54 PM PDT

The U.S. military said Monday that it has disciplined nine service members in connection with two separate incidents that deeply strained relations with Afghanistan this year: the incineration of copies of the Koran and the videotaped desecration of enemy corpses.

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Gaza 'not liveable by 2020' - UN

Posted: 27 Aug 2012 12:04 PM PDT

Urgent action is needed to improve basic services in the Gaza Strip or it will not be "liveable" by 2020, according to a new UN report.


VIDEO: Paralympic flame comes to Cardiff

Posted: 27 Aug 2012 12:45 PM PDT

A ceremonial cauldron has been lit by cyclist Simon Richardson to mark the Paralympic flame's visit to Cardiff.


Egypt president hires women, Christians as aides in nod to diversity

Posted: 27 Aug 2012 12:59 PM PDT

CAIRO (Reuters) - Egypt's President Mohamed Mursi appointed three women and two Christians to his team of 21 aides, spokesman Yasser Ali said on Monday, a nod to diversity from a man who chose as many male non-Christians for cabinet as ousted predecessor Hosni Mubarak.


Gambia says nine prisoners executed by firing squad

Posted: 27 Aug 2012 12:58 PM PDT

BANJUL (Reuters) - Gambia's government confirmed on Monday that it had executed nine prisoners being held on death row despite international calls criticising the president's plans to carry out all death penalties by mid-September.


Myanmar Leader, Thein Sein, Reshuffles His Cabinet

Posted: 27 Aug 2012 12:11 PM PDT

In a move that could consolidate his power, President Thein Sein put his closest allies in crucial positions and sidelined at least one hard-line minister left over from the days of military rule.


Bits Blog: Apple Seeks Order Blocking Sale of Samsung Products

Posted: 27 Aug 2012 12:37 PM PDT

Apple asked a federal judge to block the sale of more than a half-dozen Samsung smartphones, after a jury found that Samsung had infringed a series of Apple's mobile patents.


Well: Overtreatment Is Taking a Harmful Toll

Posted: 27 Aug 2012 12:19 PM PDT

An epidemic of overtreatment is costing the health care system at least $210 billion a year, and patients are paying the price in pain, emotional suffering, severe complications and even death.


VIDEO: Underground protest at Italian mine

Posted: 27 Aug 2012 12:28 PM PDT

Scores of miners in Sardinia have barricaded themselves deep underground in Italy's only coal mine, amid fears that it may be shut down.


Riots hit Kenya after Muslim cleric shot dead

Posted: 27 Aug 2012 12:28 PM PDT

MOMBASA, Kenya (Reuters) - Hundreds of protesters smashed cars and torched churches in the Kenyan city of Mombasa on Monday after unknown gunmen shot dead a Muslim cleric accused by the United States of helping Islamist militants in Somalia.


Mexican police detained over U.S. Embassy staff shooting

Posted: 27 Aug 2012 12:22 PM PDT

MEXICO CITY (Reuters) - Twelve Mexican federal police have been detained in an investigation of how two U.S. Embassy employees were wounded after being caught up in a police chase on the outskirts of the capital, authorities said on Monday.


Straight Sets: U.S. Open Preview: The Sky's the Limit in Building Your Dream U.S. Open

Posted: 27 Aug 2012 07:39 AM PDT

The Times asked writers, players and fans what the United States Open of their dreams would include. What if money, space, time, even logic were no object?


Colombia rebels 'to hold talks'

Posted: 27 Aug 2012 11:58 AM PDT

Colombia's Farc rebel group and the government have agreed to hold peace talks, a report by a regional TV station says.


Sea Ice in Arctic Measured at Record Low

Posted: 27 Aug 2012 12:06 PM PDT

With weeks left to go in the melting season, more of the Arctic is now ice-free than ever before, scientists say, and the melting may be causing more extremes of weather to the south.


Forest fires continue to rage across Balkans

Posted: 27 Aug 2012 11:48 AM PDT

Firefighters battle to contain flames as region experiences 15-day heat wave and worst drought in 50 years.


Visit by Egypt’s Morsi to Iran reflects foreign policy shift

Posted: 27 Aug 2012 10:54 AM PDT

CAIRO — A decision by Egypt's new president to travel to Tehran for a summit of the Non-Aligned Movement this week reflects a major foreign policy shift for the Arab world's most populous nation, after decades of subservience to Washington.

Henry Shull and Ingy Hassieb in Cairo and Rama Lakshmi in New Delhi contributed to this report.

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