Military halts clashes as political crisis grips Egypt

CAIRO (Reuters) - Egypt's Republican Guard restored order around the presidential palace on Thursday after fierce clashes killed seven people, but passions ran high in a contest over the country's future. President Mohamed Mursi had been due to address the nation, but a presidential source said the Islamist leader, criticized by his opponents for his silence in the last few days, might...

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ECB slashes growth forecasts, keeps door open to rate cuts

FRANKFURT: The European Central Bank slashed its eurozone growth forecasts Thursday, keeping the door open to more interest rates cuts, even as it insisted it was up to governments to solve the debt crisis.As widely expected, the ECB's decision-making governing council voted to leave the bank's main refinancing rate at a historic low of 0.75 percent at its last policy meeting this year.But...

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PMO pushes for hike in rail fares after nine years

NEW DELHI: Get ready to pay more for rail travel by next March as the government is trying to set up of an independent tariff regulator. PM Manmohan Singh on Thursday stepped in to accelerate the much-awaited reforms in railways, which has been neglected for many years. The Prime Minister's Office (PMO) has set deadlines for railways' top brass to set up independent tariff regulator and implement...

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Celebrations planned as Wash. legalizes marijuana

SEATTLE (AP) — Legal marijuana possession becomes a reality under Washington state law on Thursday, and some people planned to celebrate the new law by breaking it.Voters in Washington and Colorado last month made those the first states to decriminalize and regulate the recreational use of marijuana. Washington's law takes effect Thursday and allows adults to have up to an ounce of pot — but it bans...

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Winter Chill Descends on Frozen Fiscal Cliff Talks

A chill has descended on Washington just in time for tonight's lighting of the National Christmas Tree.President Obama will preside over an evening festival of star-studded carols and sparkling displays of holiday cheer on the White House Ellipse.But don't expect any of the holiday good will to warm the political frost over the fiscal cliff talks.The White House is mandating...

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Egypt clashes erupt despite proposal to end crisis

CAIRO (Reuters) - Islamists fought protesters outside the Egyptian president's palace on Wednesday, while inside the building his deputy proposed a way to end a crisis over a draft constitution that has split the most populous Arab nation. Stones and petrol bombs flew between opposition protesters and supporters of President Mohamed Mursi who had flocked to the palace in response to a...

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Britain faces more austerity pain

LONDON: Finance minister George Osborne on Wednesday warned Britons that they faced an extra year of austerity measures and insisted that reversing his belt-tightening measures now would be a "disaster".Chancellor of the Exchequer Osborne said Britain would face spending cuts and tax hikes until 2018 -- after the coalition government led by Prime Minister David Cameron had already previously...

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Deoband fatwa describes perfume with alcohol, tattoo and women receptionists as un-Islamic

LUCKNOW: Two fatwas issued by leading Islamic seminary Darul Uloom Deoband in Muzaffarnagar in Uttar Pradesh in last two days have left many in Muslim community perplexed in the state. While a fatwa as described working of women as receptionists against sharia law, another termed tattoo and use of perfume with alcohol content as un-Islamic.A Pakistan-based company had asked whether it could appoint...

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John McAfee Seeks Asylum, Thanks God for 'Sanity'

Eccentric software tycoon John McAfee, wanted for questioning in the shooting death of his neighbor, has made his escape from Belize to Guatemala, where he told ABC News he will be seeking asylum."Thank God I am in a place where there is some sanity," McAfee said. "I chose Guatemala carefully."McAfee, 67, has been on the run from police in the Central American country of Belize...

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Egypt's Mursi leaves palace as police battle protesters

CAIRO (Reuters) - Egyptian police battled thousands of protesters outside President Mohamed Mursi's palace in Cairo on Tuesday, prompting the Islamist leader to leave the building, two presidential sources said. Police fired teargas at demonstrators angered by Mursi's drive to hold a referendum on a new constitution on December 15. Some broke through police lines around his palace and...

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