LOST IN THE DARK RIDE

A defiant Mahmoud Ahmadinejad vowed yesterday to press ahead with Iran’s nuclear programme, telling the United Nations that he would not bow to pressure from “bullying countries” controlled by “Zionists murderers”. The Iranian President’s vow came as news emerged that Russia had scuppered plans for talks on new sanctions on Iran in retaliation for US calls for sanctions over its military adventure in Georgia. Britain, the United States, France, Germany, China and Russia had planned to hold talks tomorrow on the sidelines of the UN General Assembly on drafting a new resolution on Iran, but American officials admitted that any discussions would be fruitless without Russian participation. In a…

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UNITED NATIONS - Ideas to fix the world financial crisis took centre stage on the opening day of the United Nations summit Tuesday, with French President Nicolas Sarkozy issuing a virtual indictment of the current capitalist system. Just after George W. Bush used his final UN address as U.S. president to say Washington was working quickly to rescue the crisis-hit U.S. economy, Sarkozy said he wanted world leaders to hold a summit by year’s end to “rebuild together a regulated capitalism.” Central to the new mechanism, he said, would be measures ensuring that “those who jeopardize people’s savings are punished.” While Sarkozy has sought to revitalize a formerly lacklustre French economy by…

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VIENNA - North Korea has expelled UN monitors from its plutonium-making nuclear plant, officials said on Wednesday, accelerating moves to restart an atom bomb project it had renounced under a disarmament-for-aid deal. The Stalinist state had said on Friday it was working to reactivate the sprawling Yongbyon reactor complex, which it had been dismantling since last November under a disarmament-for-aid deal with five powers that has gone awry. Olli Heinonen, the International Atomic Energy Agency’s head of non-proliferation safeguards, revealed the major setback in a special briefing to a closed meeting of the IAEA’s 35-nation board of governors in Vienna.This handout file photo shows a…

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: European stocks rose modestly Wednesday, building on gains in Asia, as analysts welcomed the investment by Warren Buffett in the bank Goldman Sachs. Buffett will invest $5 billion in Goldman as part of the bank’s efforts to raise $7.5 billion in fresh capital. In return, Berkshire Hathaway, the conglomerate run by Buffett, will receive perpetual preferred shares in Goldman. That cheered investors in Europe where concerns had been building in recent days about details of the $700 bailout by the U.S. government of Wall Street. “The Buffett news has…

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CBSNews.com - 1 hr 38 mins ago Outspoken conservative Taro Aso took power as Japan’s prime minister on Wednesday after he overcame opposition forces in the split parliament, tasked with rejuvenating the ailing ruling party ahead of elections. Related Topics: Japan , Taro Aso  PRINT STORY  |   EMAIL…

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CLEARWATER, Fla. - Democrat Barack Obama said Tuesday any plan to rescue Wall Street from its financial woes must ensure that taxpayers are reimbursed and corporate executives are not further enriched for mismanagement. The Democratic presidential candidate challenged President Bush to cooperate on a rescue plan…

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Democratic candidate Barack Obama is leading in the latest…

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The eurozone sees the dominant Anglo-Saxon economic model of the past quarter of a century rendered kaput Photograph: Justin Lane/EPA The past two weeks of deepening financial turmoil have left mainland Europe on the sidelines. The gigantic bailouts of Wall Street institutions, the socialisation of vast tracts of the US economy and enforced US and British banking mergers have, in eurozone eyes, passed Europe by but rendered the dominant Anglo-Saxon economic model of the past quarter of a century kaput. The protagonists of modern Rhineland capitalism, Germany’s centre-right chancellor, Angela Merkel, and her Social Democrat finance minister, Peer Steinbrueck, have delivered the same message….

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HONG KONG Most Asian stock markets edged higher Wednesday as Warren Buffett’s plan to invest at least $5 billion in Wall Street firm Goldman Sachs helped allay fears about the world’s troubled financial sector. In Japan, the benchmark Nikkei 225 index climbed 0.2 percent to close at 12,115.03 after languishing for much of the day in negative territory. Hong Kong’s Hang Seng Index climbed 0.5 percent to 18,961.99 points. Stock measures in mainland China, Australia and South Korea were higher, while Taiwan lost…

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24 Sep 2008, 1120 hrs IST,AFP             Font Size: YANGON: Myanmar’s junta has released at least seven political prisoners as part of an amnesty for more than 9,000 inmates, officials from detained democracy leader Aung San Suu Kyi’s party said on Wednesday….

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