Sharif vows better relations with US, warmer ties with India

Nawaz Sharif, poised for a record third term as Pakistan Prime Minister after his party’s emphatic win in the landmark general elections, has vowed to pursue better relations with the US while seeking “warmer ties” with India.

Thousands of Israelis march against austerity budget

ISRAEL: Thousands of Israelis marched late Saturday to protest against an austerity budget due for cabinet debate on Monday, which is expected to raise income tax and VAT while also slashing government spending.

US Federal Reserve's George says hopes US bond buying can be reduced

JACKSON: The Federal Reserve should scale back US bond purchases to reduce the risks of continuing to expand its balance sheet, a senior central banker said on Friday, noting that the Fed's last statement explicitly stated it could vary the pace of buying.

There was no UK double dip recession, ONS data suggests

Britain's double-dip recession may be erased from the history books after the Office for National Statistics said the construction industry grew more strongly than thought at the start of last year.

IMF sees first Cyprus bailout loan this month

WASHINGTON: The International Monetary Fund on Thursday said it would likely disburse its first bailout loan to Cyprus after next week's board meeting.

China inflation accelerates in April: government

BEIJING: China's inflation accelerated to 2.4 percent in April, official data showed Thursday, rising above market expectations, but analysts said counter-measures were unlikely as economic momentum remained weak.

US accuses China government and military of cyber-spying

China's government and military have targeted US government computers as part of a cyber espionage campaign, a US report on China says.