Global news bulletin 14/05/2012

Posted: May 14, 2012 in News bulletin

-Negotiations on forming a new Greek government have ended without a solution.Talks will resume on Tuesday. If no new coalition is formed, fresh elections must take place next month. The left-wing Syriza bloc – the second largest in parliament – did not attend the talks, saying it would not join any coalition making further cuts.Syriza rejects the terms of the EU/IMF bailout, which demand more austerity.

Chancellor Angela Merkel has acknowledged that her conservative party suffered a heavy defeat in regional elections in Germany’s most populous state, but stressed that it would have no bearing on the European Union’s firm stance on austerity measures. Speaking at a news conference in Berlin today, Merkel said that although the Christian Democrats’ loss was “bitter” and “painful”, “the work in Europe would not be affected”.

-At least 30 people – including 23 soldiers – have died in heavy overnight clashes in the central Syrian city of Rastan, according to activists. The Syrian Observatory for Human Rights said dozens of others were wounded in the city, in the restive Homs province. Three troop carriers were destroyed in fighting, the UK-based group said. If confirmed, the attack would be one of the deadliest suffered by security forces in the 14-month-long uprising against President Bashar al-Assad.

Mexican authorities have found the dismembered bodies of at least 49 people stuffed into bags and dumped on a main road leading to Texas near the northern city of Monterrey, in what appeared to be the latest in a string of drug gang killings. The bodies were found in the early hours of Sunday, sparking a large deployment of local, state and military officials to the scene, the Excelsior newspaper reported on its website.

JPMorgan Chase says its chief investment officer is to leave after a $2bn (£1.2bn) trading blunder. The Wall Street firm said Ina Drew, who oversaw the London-based division responsible for the trading mistake, will leave after more than 30 years. Matt Zames, the bank’s co-chief of global fixed income in its investment bank, will take over from Ms Drew.

Yahoo has said Ross Levinsohn will temporarily replace chief executive Scott Thompson, who stepped down in the face of controversy about his allegedly inflated CV. The California-based company said Fred Amoroso would take over as head of the board of directors as the struggling Internet pioneer seeks its fifth new chief in as many years.

-Britain’s Queen Elizabeth has been entertained by a special pageant at Windsor Castle near London. Hundreds of horses and performers from across the world were brought together to celebrate the 250 State and Commonwealth visits the Queen has made during her 60-year reign. In the ‘World Comes to Windsor’ spectacle, the audience was taken on a journey across the globe in 90 minutes. The event is to be broadcast in June as part of the Queen’s Jubilee celebrations.

Roger Federer came from behind to beat Tomas Berdych to win his third Madrid title and equal Rafael Nadal’s record of 20 Masters titles. Federer won 3-6 7-5 7-5 to continue a rich vein of form that has seen him lose just three times in 48 matches over the last eight months and ensure the Swiss will take Nadal’s No. 2 ranking on Monday.

Sources: BBC, CNN, Al Jazeera, Reuters, euronews, NYT, WSJ

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