ZAGAZIG, Egypt (Reuters) – These days, craftsmen, shopkeepers and other inhabitants of the Egyptian Delta town of Zagazig are often too busy making ends meet to ponder why life seems to be getting harder every day.
But when, exhausted, they finally come home and sit down to their evening meal, conversations inevitably turn to growing hardship and the frightening prospect of cuts in food subsidies as the economy slides further into crisis.
CAIRO (Reuters) – Egypt reshuffled its government on Sunday to strengthen Islamist control and pledged to complete talks with the International Monetary Fund on a $4.8 billion loan deal to stave off a currency crisis that risks igniting more unrest.
A senior IMF official is due in Cairo on Monday to meet Egyptian leaders over the deal, which was postponed last month to give Egypt more time to tackle political tensions before introducing unpopular austerity measures.
CAIRO, Jan 2 (Reuters) – The Egyptian pound fell to record
lows and debt insurance costs soared on Wednesday despite
assurances by the country’s Islamist leaders they would not
allow the Arab world’s most populous nation to slide further
into economic crisis.
The central bank imposed new rules to conserve its foreign
reserves, and the finance minister sought to inject optimism by
saying the pound would soon stabilise – a promise economists
dismissed immediately as too ambitious.
CAIRO (Reuters) – The U.N.-Arab League negotiator for Syria called on Sunday for outside help to get the warring parties talking to each other, without which he said the country’s 21-month civil war would not end.
Speaking in Egypt after visiting Moscow and Damascus in the past week, Lakhdar Brahimi said the situation in Syria had deteriorated sharply, but a solution was still possible under the terms of a peace plan agreed in Geneva in June.
CAIRO (Reuters) – Egyptian voters overwhelmingly approved a constitution drafted by President Mohamed Mursi’s allies, results announced on Tuesday showed, proving that liberals, leftists and Christians have been powerless to halt the march of Islamists in power.
Final elections commission figures showed the constitution adopted with 63.8 percent of the vote in the referendum held over two days this month, giving Mursi’s Islamists their third straight electoral victory since veteran autocrat Hosni Mubarak was toppled in a 2011 revolution.
LONDON, Dec 4 (Reuters) – Prime Minister David Cameron
demanded on Tuesday that newspaper bosses urgently come up with
an effective system of self-regulation following a damning
inquiry into the reporting practices of Britain’s scandal-hungry
The behaviour of Britain’s cut-throat tabloid media has come
under intense scrutiny in recent years as journalists resorted
to increasingly intrusive tactics to break salacious stories
about people’s lives to shore up falling circulation figures.
LONDON (Reuters) – Socialite-turned-Kremlin-critic Ksenia Sobchak told Russian dissidents in London on Monday that growing repression at home would prompt more and more people to fight for change but warned that a full-blown revolution could destroy her country.
Once an apolitical tabloid celebrity and a Playboy cover girl, Sobchak has emerged as an unlikely but fierce critic of President Vladimir Putin in the past year, taking on a man who was once a close political ally and friend of her late father.
LONDON (Reuters) – A British serious crime unit has taken over an investigation into the mysterious death of a Russian anti-corruption whistleblower, police said on Monday, in a move local media said suggested it might have been a murder.
Alexander Perepilichny, 44, moved to Britain three years ago and had been helping Swiss prosecutors investigate a Russian criminal group suspected of being involved in major tax fraud.
LONDON (Reuters) – British police have carried out toxicology tests on the body of a Russian anti-corruption whistleblower whose mysterious death in England has put a new spotlight on Russian criminal groups entrenched in Europe.
Alexander Perepilichny, 44, moved to Britain three years ago and had been helping Swiss prosecutors uncover a shady Russian criminal group suspected of being involved in large-scale, cross-border tax fraud violations.
WEYBRIDGE, England/LONDON, Nov 28 (Reuters) – A Russian
businessman helping Swiss prosecutors uncover a powerful fraud
syndicate has died in unexplained circumstances near his mansion
in Britain, in a chilling twist to a Russian mafia scandal that
has strained Moscow’s ties with the West.
Alexander Perepilichny, 44, sought refuge in Britain three
years ago and had been helping a Swiss investigation into a
Russian money-laundering scheme by providing evidence against
corrupt officials, his colleagues and media reports said.