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Aug 16, 2013

Economic recovery increases PM Cameron’s political capital

LONDON (Reuters) – David Cameron may be close to pulling off one of the most significant feats of his premiership: delivering a solid economic recovery ahead of a 2015 election.

Two consecutive quarters of growth have shifted the sands of British politics: six months ago, lawmakers in his ruling Conservative party warned him that failure to lead the country out of stagnation could cost him, and them, the election. Those fearful voices have fallen silent.

Aug 16, 2013

In Britain, economic recovery increases PM Cameron’s political capital

LONDON (Reuters) – British Prime Minister David Cameron may be close to pulling off one of the most significant feats of his premiership: delivering a solid economic recovery ahead of a 2015 election.

Two consecutive quarters of growth have shifted the sands of British politics: six months ago, lawmakers in his ruling Conservative party warned him that failure to lead Britain out of stagnation could cost him, and them, the election. Those fearful voices have fallen silent.

Aug 8, 2013

Central bank chief Carney struggles to demistify recovery for Britons

LONDON (Reuters) – If Mark Carney planned his first media outing as ‘superstar’ chief of the Bank of England to reassure the British public of the bank’s efforts to juice up Britain’s weak recovery, he could be back at the drawing board this evening.

In a steely performance, the former Goldman Sachs banker struggled to demystify for the press the intricacies of “forward guidance” – advance notice that he’s not going to tighten monetary conditions too fast or too soon.

Aug 8, 2013

Superstar BoE chief Carney befuddles recovery Britain

LONDON (Reuters) – If Mark Carney planned his first media outing as ‘superstar’ chief of the Bank of England to reassure the British public of the bank’s efforts to juice up Britain’s weak recovery, he could be back at the drawing board this evening.

In a steely performance, the former Goldman Sachs banker struggled to demystify for the press the intricacies of “forward guidance” – advance notice that he’s not going to tighten monetary conditions too fast or too soon.

Aug 7, 2013

Bank of England chief struggles to demystify recovery for Britons

LONDON (Reuters) – If Mark Carney planned his first media outing as ‘superstar’ chief of the Bank of England to reassure the British public of the bank’s efforts to juice up Britain’s weak recovery, he could be back at the drawing board this evening.

In a steely performance, the former Goldman Sachs banker struggled to demystify for the press the intricacies of “forward guidance” – advance notice that he’s not going to tighten monetary conditions too fast or too soon.

Aug 7, 2013

Superstar central bank chief Carney befuddles recovery Britain

LONDON, Aug 7 (Reuters) – If Mark Carney planned his first
media outing as ‘superstar’ chief of the Bank of England to
reassure the British public of the bank’s efforts to juice up
Britain’s weak recovery, he could be back at the drawing board
this evening.

In a steely performance, the former Goldman Sachs banker
struggled to demystify for the press the intricacies of “forward
guidance” – advance notice that he’s not going to tighten
monetary conditions too fast or too soon.

Jun 24, 2013

In Britain, attempts to cut spending fuel angst over cherished state

LONDON (Reuters) – When the chief enforcer for Britain’s finance ministry suggested that the army should cut spending further because it had more horses than tanks, he provoked an indignant response from one of his own colleagues in the cabinet.

As Britain prepares to say who will take the pain for more cuts, the row over ceremonial horses versus tanks shows just how hard it is to trim the size of a state that the government says has been overspending for years.

Jun 19, 2013

Analysis: Putin basks in isolation over Syria as Obama’s charm falls flat

ENNISKILLEN, Northern Ireland/MOSCOW (Reuters) – At the end of a tense two-hour meeting with Russian President Vladimir Putin, Barack Obama – slumped over and serious – tried to lighten the mood with a joke about their favorite sports.

“And finally, we compared notes on President Putin’s expertise in judo and my declining skills in basketball,” the U.S. president told reporters at the G8 summit, after the two men gave formal statements emphasizing their common ground rather than their sharp differences on how to end the Syrian crisis.

Jun 17, 2013

Putin and Obama set to spar over Syria arms at G8

ENNISKILLEN, Northern Ireland (Reuters) – U.S. President Barack Obama faces what could be a frosty G8 meeting with Vladimir Putin on Monday after the Russian leader clashed with the West over plans to arm Syrian rebels fighting President Bashar al-Assad.

At their first private face-to-face meeting in a year, Obama will try to convince Putin to bring Assad to the negotiating table but the Russian leader has shown little sign of compromise.

Jun 16, 2013

Obama, Putin face tough talks on Syria at G8 summit

LOUGH ERNE, Northern Ireland (Reuters) – President Barack Obama will seek the help on Monday of Russia’s Vladimir Putin, Syria’s most powerful ally, to bring Bashar al-Assad to the negotiating table and end a two-year civil war.

At their first private face-to-face meeting in a year, Obama will try to find common ground with Putin on the sidelines of a G8 summit in Northern Ireland after angering the Kremlin by authorising U.S. military support for the Syrian president’s opponents.