Ian's Feed
Nov 24, 2011

Oil price could strangle economic recovery hopes: IEA

VIENNA (Reuters) – The high oil price could “strangle” efforts to get the global economy back on its feet and may also hamper Asia’s ability to help the West exit its crisis, the International Energy Agency’s chief economist said on Thursday.

The IEA’s Fatih Birol said the world economy was in a more fragile state now than during the crisis of 2008-2009, when oil prices were lower.

Nov 22, 2011

Middle East nuclear talks “waste of time” – Iran

VIENNA (Reuters) – Member states of the U.N. atomic agency held rare calm, constructive discussions on banning nuclear weapons in the Middle East, participants said on Tuesday, but absent Iran dismissed the meeting as a “waste of time.”

Israel and its Arab neighbours took part in the November 21-22 forum hosted by the U.N. International Atomic Energy Agency (IAEA), seen as a chance to help start a dialogue on the divisive issue of nuclear arms in the volatile region.

Nov 22, 2011

Iran says Middle East nuclear talks “waste of time”

VIENNA (Reuters) – Member states of the U.N. atomic agency held rare calm, constructive discussions on banning nuclear weapons in the Middle East, participants said on Tuesday, but absent Iran dismissed the meeting as a “waste of time.”

Israel and its Arab neighbors took part in the November 21-22 forum hosted by the U.N. International Atomic Energy Agency (IAEA), seen as a chance to help start a dialogue on the divisive issue of nuclear arms in the volatile region.

Nov 21, 2011
via Breakingviews

Budapest needs IMF cash and its bitter medicine

By Ian Campbell
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

On Monday Hungary was “standing on its own feet.” By Thursday it wanted a “new type of co-operation with the IMF.” The abrupt change of heart is only partial. The first central European casualty of the euro zone crisis is still trying to avoid conventional Western medicine. But if Hungary is to avert a crisis it needs both the IMF’s money and its cruel-to-be-kind prescriptions.

Nov 21, 2011

Iranian boycott mars rare Middle East nuclear talks

VIENNA (Reuters) – The U.N. nuclear chief urged Middle East adversaries on Monday to engage in “fresh thinking” in rare talks on efforts to rid the world of atom bombs, attended by Israel and Arab states but boycotted by Iran.

Yukiya Amano, director general of the International Atomic Energy Agency, opened a two-day meeting at IAEA headquarters that is seen as an opportunity to help build confidence and reduce deep mistrust in the volatile region.

Nov 19, 2011

U.N. nuclear watchdog board rebukes defiant Iran

VIENNA (Reuters) – The U.N. nuclear watchdog board censured Iran on Friday over mounting suspicions it is trying to develop nuclear weapons, but Tehran said the move would only strengthen its determination to press on with sensitive work.

Almost unanimously, the agency’s 35-nation board passed a resolution expressing “increasing concern” about Iran’s nuclear program, after a U.N. report last week said the Islamic state appeared to have worked on designing an atom bomb.

Nov 18, 2011

Iran to boycott Middle East nuclear talks

VIENNA (Reuters) – Iran will not attend a rare meeting for Middle East countries next week to discuss efforts to free the world of nuclear weapons, an Iranian official said, signaling worsening ties between the U.N. atomic agency and Iran.

Ali Asghar Soltanieh, Iran’s ambassador to the International Atomic Energy Agency, made the announcement after the 35-nation governing board of the IAEA adopted a resolution on Friday rebuking Tehran over its nuclear program.

Nov 18, 2011

Powers pressure Iran, IAEA chief “alerts world”

VIENNA (Reuters) – Major powers closed ranks on Thursday to increase pressure on Iran to address fears about its atomic ambitions, and the U.N. nuclear chief said it was his duty to “alert the world” about suspected Iranian efforts to develop atom bombs.

The six powers involved in diplomacy on Iran — the United States, Russia, China, France, Britain and Germany — overcame divisions exposed by a hard-hitting U.N. nuclear report on Iran last week and presented a united front toward Tehran.

Nov 17, 2011

Iran faces big power pressure, IAEA wants mission

VIENNA (Reuters) – The U.N. nuclear watchdog wants to send a high-level mission to Iran to address mounting concerns it may be seeking to design atom bombs, its head said on Thursday, and Tehran was expected to face censure at a meeting of agency member states.

An International Atomic Energy Agency report last week assessing that Iran has been conducting research and experiments geared to developing a nuclear weapons capability has stoked tensions in the Middle East and heightened Western pressure for harsher sanctions against the Islamic Republic.

Nov 17, 2011

IAEA seeks Iran mission to address nuclear fears

VIENNA (Reuters) – The United Nations nuclear watchdog wants to send a high-level mission to Iran to address mounting concerns the country may be seeking to design atomic bombs, its head said on Thursday.

An International Atomic Energy Agency report last week assessing that Iran has been conducting research and experiments geared to developing a nuclear weapons capability has stoked tensions in the Middle East and heightened Western pressure for harsher punitive sanctions against the Islamic Republic.