ECB raises eurozone growth forecast to 1.5% for 2015
The European Central Bank has raised this year's eurozone growth forecast to 1.5%, up from 1% previously. It also said it would start its quantitative easing programme, first announced in January, next week. Mario Draghi said economic growth in the eurozone would strengthen slowly to reach 2.1% by 2017. He also said there would be low negative inflation in the months ahead before prices began to rise in late 2015, with 1.8% inflation in 2017. Earlier, the bank kept the eurozone's key interest rate unchanged at 0.05%, as expected.
Argentina prosecutor 'was murdered'
Independent tests show that Argentine prosecutor Alberto Nisman was deliberately killed, his family says, ruling out accident or suicide.
Egypt approves law aimed at improving investment interests
Egypt's cabinet and the Ministry of Investment approved an investment law Wednesday aimed at protecting business deals from legal disputes or political changes and addressing investor complaints about bureaucracy. The new law unifies the investment requirements and affects various industries, including mining and local producers. Supporters of the bill hope the new legislation will boost investment activity in economically deprived regions throughout Egypt.
EU in new pledge to cut red tape
A top Brussels official in charge of reducing the burden of EU regulations says he is determined to keep the EU focused on priority areas. "What we need is sensible, realistic rules that do their job - no more, no less", said EU Commission First Vice-President Frans Timmermans. Critics accuse the Commission of over-legislating, increasing business costs across the 28-nation bloc. "Sometimes there's a tendency in Brussels to think 'I legislate therefore I am'.
Brazil raises rates to six-year high
Brazil's central bank lifts interest rates to a six-year high of 12.75% in an attempt to restrain inflation. Brazil's economy had been one of the world's fastest growing, but looks to have stalled in 2014. Economists are now predicting that the economy will contract by more than 0.5% this year.
Brazil lawmakers start Petrobras probe
Shouting and finger-pointing between lawmakers marked the opening of Congress's latest probe of corruption allegations at Brazil's state-controlled oil company. Lawmakers raised their voices and yelled accusations as they argued over the creation of subcomissions in the first day of the parliamentary investigation into Petroleo Brasileiro SA.. Some legislators argued that they weren't consulted in setting up the groups, leading to unbalanced political representation.
Facebook rant lands US man in UAE jail
An expat American has been arrested in the United Arab Emirates for comments he posted on Facebook while in the US. Helicopter mechanic Ryan Pate wrote the Facebook post while in Florida after arguing with employer Global Aerospace Logistics (Gal) over sick leave. On returning to Abu Dhabi from Florida, he was arrested for breaking the country's strict cyber-slander laws. His trial is due to start on 17 March and he could face up to five years in jail and a large fine if found guilty.
EU data roaming and net neutrality plans attacked
European regulators have dropped plans to ban roaming charges and have proposed net neutrality rules allowing privileged access in some cases. They called for an "intermediate step" that would still allow carriers to charge more to use mobiles abroad. And net neutrality rules would bar discrimination in internet access, but allow prioritization of some services. The proposals were a significant departure from those first floated in 2013.
Hey, can you 'Like' my lawsuit?
Traditionally, lawyers track down parties for class actions by mail, but young people working for no pay in New York are unlikely to have fixed addresses. In November, Judge Alison Nathan gave plaintiffs, Aulistar Mark and Andrew Hudson, permission to use social media, too. "This is a younger generation. They're more apt to use hashtags." "Federal rules of civil procedure require that members of a legal class be provided "the best notice that is practicable under the circumstances," including individual outreach where possible. Plaintiffs' attorneys aren't supposed to be intrusive or to actively solicit parties, and they're not supposed to imply that the court thinks they have a good case. Most judges see regular mail as the gold standard, thanks to a 1950 Supreme Court ruling that found no need for lawyers to turn to other means of finding plaintiffs "where the names and post office addresses of those affected by a proceeding are at hand." Some judges won't even let lawyers call potential class members on the phone. "The courts have been reluctant to give up on notice by mail," says Charles Silver, a law professor at the University of Texas at Austin. "1950—it might as well be hundreds of years ago, as far as the Internet is concerned. It just did not anticipate this means of communication." In the past decade, class-action lawyers have clashed over the merits of e-mail relative to old-fashioned postal mail. "Social media is sort of the next chapter of this."
No prosecution of Ferguson police officer
A US Department of Justice (DOJ) report released Wednesday says the department will not prosecute Darren Wilson, the former Ferguson police officer who shot and killed unarmed black teenager Michael Brown last August. According to the report, the DOJ found that there is "no evidence upon which prosecutors can rely to disprove Wilson's stated subjective belief that he feared for his safety." In a press release on the matter, US Attorney General Eric Holder indicated that this was not an absolution of the Ferguson police force, citing numerous constitutional violations uncovered during the six-month investigation, including a pattern of excessive force and arrests without probable cause. Ferguson is currently in negotiations with the DOJ to change police practices; failure to reach a settlement could lead to a civil lawsuit against Ferguson for the conduct of its law enforcement.
All US banks pass first phase of 'stress test'
All 31 US banks have passed the first hurdle in the Federal Reserve's latest round of annual "stress tests" to see how they would cope in the next economic crisis. The central bank said the banks had enough capital to keep lending during a severe global recession. This was the first time since the tests began in 2009 that all banks had a capital level above the minimum amount. But some Wall Street giants were among the worst performers. Goldman Sachs, Morgan Stanley and JP Morgan Chase were among the five banks with the lowest readings for a capital ratio of at least 5%. In the next round of tests, the Fed will determine whether the banks can maintain those capital levels and still return money to shareholders.
Polish MPs offered military training
Parliamentarians in Poland will be offered military training because of fears that the war in Ukraine could spread to neighboring countries.
EU court annuls European Central Bank oversight requirement
The General Court of the European Union on Wednesday annulled a portion of the European Central Bank's (ECB) Eurosystem Oversight Policy Framework requiring financial institutions clearing trades in euros to be located in the Eurozone. The UK brought the action before the General Court, contending that the ECB lacked the authority to impose a location requirement on central counterparty clearing houses (CCPs). The General Court narrowly nullified Eurosystem Oversight Policy Framework Eurozone location finding that the "ECB lacks the competence necessary to regulate the activity of securities clearing systems as its competence is limited to payment systems alone by Article 127(2) of the FEU Treaty."
UK court extends smoking ban to prisons
Paul Black, a prisoner at HMP Wymott, won a contentious judgment in the UK High Court on Thursday banning smoking in prisons and all Crown premises.
Senior Nusra commander killed in Syria air strike
Al Jazeera, Doha, Qatar
French court bans DVD of controversial comedian Dieudonné
Haaretz, Liberal daily, Tel Aviv, Israel
Population 'rose 565,000 since 2011'
BBC News, Centrist newscaster, London, England
Father testifies he left dying son to save daughter
CNN International, London, England
BAZ BAMIGBOYE: Now Queen Helen is putting Blair in the hot seat
Daily Mail, Conservative daily, London, England
Lazy police let rapists off with slap on wrist: Tens of thousands of serious criminals only get caution†
Daily Mail, Conservative daily, London, England
Police arrest suspect in latest migrant tragedy in Italy
EuroNews, International news, Ecully Cedex, France
Archaeologists uncover royal Celtic burial site in small French town
France 24, Issy-les-Moulineaux, France
The rise of political Islam in Turkey
Hurriyet Daily News, (Liberal, English-language), Istanbul, Turkey
Cottage industry heads for the big time with US listing
Independent The, London, England
Major Ukrainian TV provider drops Russian channels
Moscow News The, Independent, Moscow, Russia
Harrison Ford's close shaves
Telegraph The, Conservative daily, London, England
Elle Macpherson poses in bikini for Harper's Bazaar in Bahamas
Telegraph The, Celebrity news, London, England
Lantern Festival attracts record visitor numbers
China Post, English-language daily, Taipei, Taiwan
Terror Attack Can't Shake S.Korea's Partnership with U.S.
Chosun Ilbo, Conservative daily, Seoul, South Korea
After Turkish Airlines plane skids off the runaway IAF helps clear runway
Hindustan Times, New Delhi, India
86 million-year-old oyster fossil found in Dhar, reaffirms presence of sea in central India
India Times, Conservative daily, New Delhi, India
U.S. ambassador slashed in face with razor in Seoul
Japan Times, Independent centrist, Tokyo, Japan
Police: Federal judge shot during robbery attempt in Detroit
New Zealand Herald, Conservative daily, Auckland, New Zealand
Ukraine President cancels trip over protests in eastern Ukraine
Straits Times, Pro-government, Singapore
Parliament House opens its roof to the public for Enlighten 2015
Sydney Morning Herald, Centrist daily, Sydney, Australia
Anamul ruled out of Bangladesh World Cup squad; Imrul in
Taiwan News, English-language daily, Taipei, Taiwan
EU says U.S. policy change helps its own talks with Cuba
The Economic Times, Business, Mumbai, India
Delta plane skids off runway at LaGuardia Airport in New York
Canadian Broadcasting Centre, Toronto, Ontario
Knife attack on U.S. Ambassador symbolizes frustration in South Korea
Globe and Mail The, Centrist daily, Toronto, Canada
Liberty Reserve Brought Down By 'Joe Bogus': How The Feds Arrested Arthur Budovsky
International Business Times, Business news organization, New York, U.S
Opinion: Eco-efficient Crop and Livestock Production for Nicaraguan Farmers
IPS Latin America, International cooperative of journalists, Rome, Italy
Apple lets companies fine-tune apps before watch debut: Bloomberg
Reuters, Business News, New York, U.S
Australia complains over Indonesia's treatment of death row prisoners
Reuters, World News, New York, U.S
Judge writes simple and 'inspiring' legal decision for repeat offender
Toronto Star, Toronto, Ontario
'Boko Haram' kill dozens in Nigeria
BBC News, Centrist newscaster, London, England
-----
How are we doing?