Nova Scotia gives BlackBerry $10 million over five years to keep jobs






HALIFAX – The Nova Scotia government is giving tech giant BlackBerry (TSX:BB) $ 10 million over five years to help the company keep at least 400 jobs in the province.


Nova Scotia Premier Darrell Dexter says in return, BlackBerry has committed to spend $ 4 million a year on a facility that would purchase new equipment and conduct research and development.






Last summer, the company laid off about 95 people from its Halifax-area operations following its announcement that it would be reducing its global workforce by 5,000.


Neither Dexter nor company officials would confirm how many people currently work at the Halifax office.


A company official says the government approached BlackBerry asking what it could do to help it stay in Nova Scotia after the last round of layoffs.


The funding comes two days after the launch of the new BlackBerry Z10 smartphone in Canada.


Gadgets News Headlines – Yahoo! News





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Harley Pasternak Blogs About the Surprising Ways Alcohol Can Hurt Your Diet






Celebrity Blog










02/06/2013 at 02:00 PM EST







Harley Pasternak


Courtesy Harley Pasternak


Last week, country singer Tim McGraw made a splash when PEOPLE magazine featured an article about his complete physique transformation.

What I found most interesting about Tim's turn around was his revelation that drinking had been the primary roadblock. Tim realized that his alcohol intake not only added more girth to his gut, but it led to his poor dietary decisions, and sapped his desire to work out.

Tim also went on to explain how his family was the main reason behind his decision to give up drinking, get healthy, and be a positive/healthy role model. And he looks better than he ever has at 45!

There is a lot of conflicting information and opinion out there about alcohol and its role in weight gain. If I had a penny for every person who's told me about all the research showing how a glass of wine a day can actually be heart healthy (but that same person goes on to drink four beers with their glass of wine a day), I'd have a lot of pennies!

Believe it or not, the extra calories from alcohol is not the primary reason people gain weight when the drink too much or too often. In fact, it's a distant third.

I don't want to be a total killjoy and say that you can never have a drink again, but I don't want you to sabotage all your hard work to be healthier with alcohol, either. Let's take a look at how alcohol can undermine your weight-loss efforts.

1. ALCOHOL DIMINISHES YOUR BODY'S ABILITY TO BURN FAT
When you drink alcohol, it's broken down into acetate, which your body burns for energy first – before any other calorie source or stored fat. So the energy that we expend when we have alcohol in our system is coming from the alcohol, not the other carbohydrates or fats which have to be stored if they're not burned.

In plain English? Alcohol squashes our ability to burn fat. In fact, a study published in the American Journal of Clinical Nutrition found subjects who consumed less than an ounce of alcohol over a 30-minute time period decreased their body's ability to burn fat by 73 percent!

2. ALCOHOL WEAKENS OUR INHIBITIONS
Many of my clients tell me that they find themselves straying from their healthy eating habits when they've had a couple of drinks. When we drink alcohol, the functions our bodies use to tell us when we're full and when to stop eating are dulled. So not only are we more likely to give into temptation, we're also less likely to be able to tell when we've had enough.

In a UK Study that looked at alcohol's effect on calorie consumption, those who had the equivalent of two drinks ate up to 30% more. Building on that same principle, a Dutch study found that it took subjects longer to feel full when they drank alcohol before a meal, when compared to those who had a non-alcoholic beverage prior to eating. To put it simply, when we drink alcohol, we're more likely to eat too much of the wrong things.

3. ALCOHOL IS LOADED WITH CALORIES
Alcohol has nearly twice as many calories per gram as protein or carbohydrates. We've all read about the surprising calorie counts of our favorite alcoholic beverages – 740 calories in a margarita! 210 in a cosmopolitan! But even if you cut out the sugary mixers and liqueurs used in your favorite cocktails, you're still consuming a lot of empty calories. Remember: alcohol is not an essential nutrient. Any calorie we consume from alcohol is completely valueless.

4. ALCOHOL PREVENTS ABSORPTION OF VITAL NUTRIENTS
When we drink alcohol, the body shifts gears and focuses its energies on expelling the alcohol, which leaves little time for it to perform its other necessary functions, like processing vitamins and minerals and maintaining blood glucose levels, which are integral to maintaining a healthy metabolism. So not only does alcohol not have any nutrient value of its own, it also makes your body less able absorb and process nutrients that are valuable to you. So when we drink, those superfoods that we're trying to include in our diets become a whole lot less super.

5. ALCOHOL PREVENTS US FROM GETTING A GOOD NIGHT'S SLEEP
If you read my blog post on sleep's impact on our weight and bodies as a whole, you understand how important sleep is to our weight and overall health. Alcohol affects the quality of our sleep in a number of ways, from increased waking to shallower sleep, to pain due to heartburn caused by inflammation of your digestive system.

Not only that, but you can develop a dependence on alcohol to fall asleep, which actually works against you because it may help you fall asleep, but it won't help you get good quality sleep.

Has alcohol affected your diet efforts? Tweet me @harleypasternak – and let me know.

Check back every Wednesday for more insider tips from celebrity trainer Harley Pasternak on Hollywood's hottest bodies – and learn how to get one yourself! Plus: Follow Harley on Twitter at @harleypasternak

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Wall Street stymied as investors lack catalysts to trade

NEW YORK (Reuters) - U.S. stocks were little changed on Wednesday as investors, without any major economic reports to guide them, awaited fresh incentives to trade after rallies took the S&P 500 to five-year highs.


Transportation stocks were among the worst performers, weighed down by a 10 percent drop in CH Robinson Worldwide to $60.40 after the freight transport company posted a lower-than-expected adjusted quarterly profit.


The Dow Jones Transportation index <.djt> shed 0.3 percent after closing at a record high Tuesday for a gain of more than 10 percent in 2013.


The benchmark S&P 500 index has advanced 6 percent this year, climbing to its highest since December 2007. The Dow industrials <.dji> have risen above 14,000 recently, making it a challenge for investors to push stocks higher in the absence of strong positive catalysts.


"Overall, we believe that the next near-term market dip should provide an opportunity to buy stocks ahead of rallies higher in the coming months, but we are skeptical about the long-term sustainability of these gains due to the maturing age of the bull market," said Ari Wald, equity research analyst at C&Co\PrinceRidge in New York.


The Dow Jones industrial average <.dji> was up 5.28 points, or 0.04 percent, at 13,984.58. The Standard & Poor's 500 Index <.spx> was up 0.56 point, or 0.04 percent, at 1,511.85. The Nasdaq Composite Index <.ixic> was up 1.67 points, or 0.05 percent, at 3,173.25.


The tech-heavy Nasdaq index was supported by Apple Inc , which rose 1.1 percent to $462.62.


Walt Disney Co was among the bright spots, up 1.1 percent at $60.31, after the company beat estimates for quarterly adjusted earnings and gave an optimistic outlook for the next few quarters.


According to Thomson Reuters data through Wednesday morning, of 301 companies in the S&P 500 <.spx> that have reported earnings, 68.1 percent have exceeded analysts' expectations, above a 62 percent average since 1994 and 65 percent over the past four quarters. In terms of revenue, 65.8 percent of companies have topped forecasts.


Looking ahead, fourth-quarter earnings for S&P 500 companies are expected to grow 4.7 percent, according to the data, above a 1.9 percent forecast at the start of the earnings season.


The benchmark S&P index rose 1.04 percent Tuesday, its biggest percentage gain since a 2.5-percent advance on January 2 after lawmakers agreed on a temporary delay of the "fiscal cliff."


Ralph Lauren Corp climbed 8 percent to $178.15 as the best performer on the S&P 500 after reporting renewed momentum in its holiday-quarter sales and profits.


Time Warner Inc jumped 4.4 percent to $52.15 after reporting higher fourth-quarter profit that beat Wall Street estimates, as growth in its cable networks offset declines in its film, TV entertainment and publishing units.


Visa , the world's largest credit and debit card network, is expected to report earnings per share of $1.79 for its first quarter, up from $1.49 a year earlier. Smaller rival MasterCard MA.N recently reported better-than-expected results but said its revenue growth could slow in the first half of the year due to economic uncertainty.


(Editing by Bernadette Baum and Kenneth Barry)



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Tunisia protests after government critic shot dead


TUNIS (Reuters) - A fierce critic of the Tunisian government's dealings with radical Islamists was shot dead on Wednesday, sending protesters onto the streets two years after their Jasmine Revolution sparked revolt across the Arab world.


The headquarters of the moderate Islamist Ennahda party, which rules in a fractious coalition with secularists, was set ablaze after Chokri Belaid, an outspoken, secular leader, was gunned down outside his home in the capital.


His party and others in the opposition parties said they would quit the assembly that is writing a new constitution and called a general strike for Thursday when Belaid will be buried.


Prime Minister Hamadi Jebali, who said the identity of the attacker was not known, condemned his killing as a political assassination and a strike against the "Arab Spring" revolution. Ennahda denied any involvement.


As Belaid's body was taken by ambulance through Tunis from the hospital where he died, police fired teargas towards about 20,000 protesters at the Interior Ministry chanting for the fall of the government.


"This is a black day in the history of modern Tunisia ... Today we say to the Islamists, 'get out' ... enough is enough," said Souad, a 40-year-old teacher outside the ministry.


"Tunisia will sink in the blood if you stay in power."


Despite calls for calm from the president, who is not an Islamist, thousands also demonstrated in cities including Mahdia, Sousse, Monastir and Sidi Bouzid, the cradle of the revolution, where police fired teargas and warning shots at protesters who set cars and a police station on fire.


While Belaid's nine-party Popular Front bloc has only three seats in the constituent assembly, the opposition jointly agreed to pull its 90 or so members out of the body, which is acting as parliament and writing the new post-revolution charter. Ennahda and its fellow ruling parties have some 120 seats.


The small North African state was the first Arab country to oust its leader and hold free elections as uprisings spread around the region in 2011, leading to the ousting of the rulers of Egypt, Yemen and Libya and to the civil war in Syria.


But as in Egypt, many who campaigned for freedom from repression under autocratic rulers and better prospects for their future now feel their revolutions have been hijacked by Islamists they accuse of clamping down on personal liberties, with no sign of new jobs or improvements in infrastructure.


Tunisia's new constitution will pave the way for new elections but will inevitably be a source of friction between secularists and Islamists, just as it was in Egypt, where the president adopted sweeping powers to force it through.


The ruling parties have agreed to hold the vote in June, but that date still needs approval by the assembly.


HARDSHIP


Since the uprising, the government has faced a string of protests over economic hardship and Tunisia's future path, with many complaining hardline Salafists were taking over the revolution in the former French colony once dominated by a secular elite under the autocratic rule of Zine al-Abidine Ben Ali.


Last year, Salafist groups prevented several concerts and plays from taking place in Tunisian cities, saying they violated Islamic principles. That worries the secular-minded among the 11 million Tunisians, who fear freedom of expression is in danger.


Salafists also ransacked the U.S. embassy in Tunis in September, during international protests over an Internet video mocking Islam.


The embassy issued a statement on Wednesday condemning Belaid's killing: "There is no justification for this heinous and cowardly act," it said. "Political violence has no place in the democratic transition in Tunisia."


The United States urged the Tunisian government to bring his killers to book.


Declining trade with the crisis-hit euro zone has left Tunisians struggling to achieve the better living standards many had hoped for following Ben Ali's departure. Any further signs of unrest could scare off tourists vital to an industry only just recovering from the revolution.


"More than 4,000 are protesting now, burning tires and throwing stones at the police," Mehdi Horchani, a Sidi Bouzid resident, told Reuters. "There is great anger."


Jobless graduate Mohamed Bouazizi set himself on fire in December 2010 in the city, 300 km (180 miles) southwest of Tunis, after police confiscated his unlicensed fruit cart, triggering the "Jasmine Revolution" that forced Ben Ali to flee to Saudi Arabia less than a month later, on January 14, 2011.


President Moncef Marzouki, who last month warned the tension between secularists and Islamists might lead to "civil war", canceled a visit to Egypt scheduled for Thursday and cut short a trip to France, where he addressed the European Parliament.


"There are political forces inside Tunisia that don't want this transition to succeed," Marzouki told journalists in Strasbourg.


"When one has a revolution, the counter revolution immediately sets in because those who lose power - it's not only Ben Ali and his family - are the hundreds of thousands of people with many interests who see themselves threatened by this revolution," he added.


Belaid, who died in hospital, said earlier this week that dozens of people close to the government had attacked a Popular Front group meeting in Kef, northern Tunisia, on Sunday.


A lawyer and human rights activist, the 48-year-old had been a constant critic of the government, accusing it of being a puppet of the rulers in the small but wealthy Gulf state of Qatar, which Tunisia denies.


"Chokri Belaid was killed today by four bullets to the head and chest," Ziad Lakhader, a Popular Front leader, told Reuters.


The Interior Ministry said he had been gunned down by a man who fled on a motorcycle with an accomplice.


DENIES INVOLVEMENT


Prime Minister Jebali, a member of Ennahda, said the killers wanted to "silence his voice".


"The murder of Belaid is a political assassination and the assassination of the Tunisian revolution," he said.


Ennahda leader Rached Ghannouchi denied any involvement by his party in the killing. "Is it possible that the ruling party could carry out this assassination when it would disrupt investment and tourism?" Ghannouchi told Reuters.


He blamed those seeking to derail Tunisia's democratic transition: "Tunisia today is in the biggest political stalemate since the revolution. We should be quiet and not fall into a spiral of violence. We need unity more than ever," he said.


He accused secular opponents of stirring up sentiment against his party following Belaid's death. "The result is burning and attacking the headquarters of our party in many areas," he said.


Witnesses said crowds had also attacked Ennahda offices in Sousse, Monastir, Mahdia and Sfax.


French President Francois Hollande said he was concerned by the rise of violence in Paris's former dominion, where the government says al Qaeda-linked militants linked to those in neighboring countries have been accumulating weapons with the aim of creating an Islamic state.


"This murder deprives Tunisia of one of its most courageous and free voices," Hollande's office said in a statement.


Riccardo Fabiani, Eurasia analyst on Tunisia, described it as a "major failure for Tunisian politics".


"The question is now what is Ennahda going to do and what are its allies going to do?" he said. "They could be forced to withdraw from the government which would lead to a major crisis in the transition."


Marzouki warned last month that the conflict between Islamists and secularists could lead to civil war and called for a national dialogue that included all political groupings.


Ennahda won 42 percent of seats in a parliamentary election in 2011 and formed a government in coalition with two secular parties, the Congress for the Republic, to which President Marzouki belongs, and Ettakatol.


Marzouki's party threatened on Sunday to withdraw from the government unless it dropped two Islamist ministers.


(Additional reporting by John Irish in Paris; Writing by Alison Williams; Editing by Alastair Macdonald)



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French court throws out EDF guilty verdict in hacking case






VERSAILLES, France (Reuters) – A French appeals court on Wednesday threw out a 1.5 million euro ($ 2 million) fine against energy giant EDF, overturning a lower court’s ruling that the company had been complicit in hacking the computers of Greenpeace in 2006.


EDF had appealed against the November 2011 decision by the Nanterre criminal court that a company it hired had hacked into confidential information on the computer of Yannick Jadot, then campaign director for the environmental group and now a Greens member of the European Parliament.






“EDF is completely satisfied by this decision,” said EDF lawyer Alexis Gublin. “EDF was always a victim in this affair.”


A judicial investigation into questionable surveillance practices had found that the 84-percent state-owned EDF hired a consulting agency, Kargus, in 2004 to carry out “strategic surveillance” of anti-nuclear activists. EDF argued that Kargus had gone too far without its consent.


Following the decision of the Versailles appeals court, Greenpeace said it would ask prosecutors to launch a further appeal.


“In France, the nuclear industry do what they want, the law doesn’t apply to them,” Greenpeace said in a statement.


Jadot said the ruling sent a “terrible signal at a time when we’re trying to make companies a bit more ethical”.


Alain Quiros, the man who hacked into Jadot’s computer, received a six-month prison sentence in November.


On Wednesday, the appeals court upheld a short jail sentence for an EDF executive involved in the affair, but threw out the sentence of another.


The court also rejected the lower court’s ruling that EDF must pay Greenpeace damages of 500,000 euros ($ 675,000).


The EDF case arose out of an investigation to determine whether the U.S. cyclist Floyd Landis had ordered a private security firm to hack the computers of the French anti-doping agency, which had accused him of using performance-enhancing drugs.


While looking at the computer of the suspected hacker in that case, authorities stumbled upon evidence of Greenpeace computers being accessed illegally.


Landis was stripped of his 2006 Tour de France title after a positive drug test. The November ruling that found against EDF also found Landis guilty, along with his former trainer Arnie Baker, of using documents hacked from the National Laboratory of Doping Screening (LNDD) to try to contest his test results.


Wednesday’s ruling did not apply to Landis, who had not appealed and is being sought by France along with Baker under an international arrest warrant for failing to obey a summons.


(Writing By Alexandria Sage; Editing by Kevin Liffey)


Internet News Headlines – Yahoo! News





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Tim McGraw Visits The Ellen DeGeneres Show - Sans Underwear!















02/05/2013 at 01:45 PM EST



TMI, Tim McGraw!

Ellen DeGeneres has been known to hand out underwear with her show's name on it to her famous guests. And McGraw, who makes an appearance on Tuesday's episode, is seen wearing them in a photo taken while he was out for a jog.

"Are you wearing them right now?" DeGeneres asked the sexy country star, 45, who appeared on the latest issue of PEOPLE.

"No," McGraw answered.

"Why not?" DeGeneres asked.

"These pants were too tight to put underwear on," he explained. "Now I've really embarrassed my daughters ... what was I supposed to say?"

"It's always good to be honest around here," DeGeneres said. "Well, you look good."

McGraw – who has three daughters (Gracie Katherine, 15, Maggie Elizabeth, 14, and Audrey Caroline, 11) with wife Faith Hill – also spoke on his decision to get sober.

"When it gets to the point where you think it’s affecting you adversely and it’s affecting your relationships adversely, it’s time to make a change and I thought it was," he said. "I also thought my girls are getting older and I certainly wanted to have some good solid ground to stand on when I started talking to them about their situations."

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Critics seek to delay NYC sugary drinks size limit


NEW YORK (AP) — Opponents are pressing to delay enforcement of the city's novel plan to crack down on supersized, sugary drinks, saying businesses shouldn't have to spend millions of dollars to comply until a court rules on whether the measure is legal.


With the rule set to take effect March 12, beverage industry, restaurant and other business groups have asked a judge to put it on hold at least until there's a ruling on their lawsuit seeking to block it altogether. The measure would bar many eateries from selling high-sugar drinks in cups or containers bigger than 16 ounces.


"It would be a tremendous waste of expense, time, and effort for our members to incur all of the harm and costs associated with the ban if this court decides that the ban is illegal," Chong Sik Le, president of the New York Korean-American Grocers Association, said in court papers filed Friday.


City lawyers are fighting the lawsuit and oppose postponing the restriction, which the city Board of Health approved in September. They said Tuesday they expect to prevail.


"The obesity epidemic kills nearly 6,000 New Yorkers each year. We see no reason to delay the Board of Health's reasonable and legal actions to combat this major, growing problem," Mark Muschenheim, a city attorney, said in a statement.


Another city lawyer, Thomas Merrill, has said officials believe businesses have had enough time to get ready for the new rule. He has noted that the city doesn't plan to seek fines until June.


Mayor Michael Bloomberg and other city officials see the first-of-its-kind limit as a coup for public health. The city's obesity rate is rising, and studies have linked sugary drinks to weight gain, they note.


"This is the biggest step a city has taken to curb obesity," Bloomberg said when the measure passed.


Soda makers and other critics view the rule as an unwarranted intrusion into people's dietary choices and an unfair, uneven burden on business. The restriction won't apply at supermarkets and many convenience stores because the city doesn't regulate them.


While the dispute plays out in court, "the impacted businesses would like some more certainty on when and how they might need to adjust operations," American Beverage Industry spokesman Christopher Gindlesperger said Tuesday.


Those adjustments are expected to cost the association's members about $600,000 in labeling and other expenses for bottles, Vice President Mike Redman said in court papers. Reconfiguring "16-ounce" cups that are actually made slightly bigger, to leave room at the top, is expected to take cup manufacturers three months to a year and cost them anywhere from more than $100,000 to several millions of dollars, Foodservice Packaging Institute President Lynn Dyer said in court documents.


Movie theaters, meanwhile, are concerned because beverages account for more than 20 percent of their overall profits and about 98 percent of soda sales are in containers greater than 16 ounces, according to Robert Sunshine, executive director of the National Association of Theatre Owners of New York State.


___


Follow Jennifer Peltz at http://twitter.com/jennpeltz


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S&P 500 gains more than 1 percent


NEW YORK (Reuters) - The S&P 500 rose more than 1 percent on Tuesday as stronger-than-expected earnings helped the outlook for profit growth while the Nasdaq also traded more than 1 percent higher.


The Dow Jones industrial average <.dji> was up 121.55 points, or 0.88 percent, at 14,001.63. The Standard & Poor's 500 Index <.spx> was up 16.25 points, or 1.09 percent, at 1,511.96. The Nasdaq Composite Index <.ixic> was up 38.08 points, or 1.22 percent, at 3,169.25.


(Reporting By Caroline Valetkevitch; Editing by Chizu Nomiyama)



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Iran's Ahmadinejad kissed and scolded in Egypt


CAIRO (Reuters) - Mahmoud Ahmadinejad was both kissed and scolded on Tuesday when he began the first visit to Egypt by an Iranian president since Tehran's 1979 Islamic revolution.


The trip was meant to underline a thaw in relations since Egyptians elected an Islamist head of state, President Mohamed Mursi, last June. But it also highlighted deep theological and geopolitical differences.


Mursi, a member of the Sunni Muslim Brotherhood, kissed Ahmadinejad after he landed at Cairo airport and gave him a red carpet reception with military honors. Ahmadinejad beamed as he shook hands with waiting dignitaries.


But the Shi'ite Iranian leader received a stiff rebuke when he met Egypt's leading Sunni Muslim scholar later at Cairo's historic al-Azhar mosque and university.


Sheikh Ahmed al-Tayeb, head of the 1,000-year-old seat of religious learning, urged Iran to refrain from interfering in Gulf Arab states, to recognize Bahrain as a "sisterly Arab nation" and rejected the extension of Shi'ite Muslim influence in Sunni countries, a statement from al-Azhar said.


Visiting Cairo to attend an Islamic summit that begins on Wednesday, Ahmadinejad told a news conference he hoped his trip would be "a new starting point in relations between us".


However, a senior cleric from the Egyptian seminary, Hassan al-Shafai, who appeared alongside him, said the meeting had degenerated into an exchange of theological differences.


"There ensued some misunderstandings on certain issues that could have an effect on the cultural, political and social climate of both countries," Shafai said.


"The issues were such that the grand sheikh saw that the meeting ... did not serve the desired purpose."


The visit would have been unthinkable during the rule of Hosni Mubarak, the military-backed autocrat who preserved Egypt's peace treaty with Israel during his 30 years in power and deepened ties between Cairo and the West.


"The political geography of the region will change if Iran and Egypt take a unified position on the Palestinian question," Ahmadinejad said in an interview with Al Mayadeen, a Beirut-based TV station, on the eve of his trip.


He said he wanted to visit the Gaza Strip, the Palestinian territory which neighbors Egypt to the east and is run by the Islamist movement Hamas. "If they allow it, I would go to Gaza to visit the people," Ahmadinejad said.


Analysts doubt that the historic changes that brought Mursi to power will result in a full restoration of diplomatic ties between states whose relations were broken off after the conclusion of Egypt's peace treaty with Israel in 1979.


OBSTACLES TO FULL TIES


At the airport the two leaders discussed ways of improving relations and resolving the Syrian crisis "without resorting to military intervention", Egyptian state media reported.


Egypt is concerned by Iran's support for Syrian President Bashar al-Assad, who is trying to crush an uprising inspired by the revolt that swept Mubarak from power two years ago. Egypt's overwhelmingly Sunni Muslim population is broadly supportive of the uprising against Assad's Alawite-led administration.


Egyptian Foreign Minister Mohamed Kamel Amr sought to reassure Gulf Arab allies - that are supporting Cairo's battered state finances and are deeply suspicious of Iran - that Egypt would not jeopardize their security.


"The security of the Gulf states is the security of Egypt," he said in remarks reported by the official MENA news agency.


Mursi wants to preserve ties with the United States, the source of $1.3 billion in aid each year to the influential Egyptian military.


"The restoration of full relations with Iran in this period is difficult, despite the warmth in ties ... because of many problems including the Syrian crisis and Cairo's links with the Gulf states, Israel and the United States," said one former Egyptian diplomat.


Iranian Foreign Minister Ali Akbar Salehi said he was optimistic that ties could grow closer.


"We are gradually improving. We have to be a little bit patient. I'm very hopeful about the expansion of the bilateral relationship," he told Reuters. Asked where he saw room for closer ties, he said: "Trade and economics."


Egypt and Iran have taken opposite courses since the late 1970s. Egypt, under Mubarak's predecessor Anwar Sadat, concluded a peace treaty with Israel in 1979 and became a close ally of the United States and Europe. Iran from 1979 turned into a center of opposition to Western influence in the Middle East.


Symbolically, Iran named a street in Tehran after the Islamist who led the 1981 assassination of Sadat.


Egypt gave asylum and a state funeral to Iran's exiled Shah Reza Pahlavi, who was overthrown in the 1979 Iranian revolution. He is buried in a mosque beside Cairo's mediaeval Citadel alongside his ex-brother-in-law, Egypt's last king, Farouk.


(Additional reporting by Ayman Samir, Marwa Awad and Alexander Diadosz; Writing by Paul Taylor and Tom Perry; Editing by Andrew Roche and Robin Pomeroy)



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EU wants to tackle money laundering on gaming sites






BRUSSELS (Reuters) – The European Union may try to counter money laundering through online betting sites by extending legislation beyond casinos to include Internet gambling.


The executive European Commission formally proposed on Tuesday to include online gaming in EU-wide legislation that seeks to combat fraud. It could become law within two years if approved by the EU’s 27 member countries.






The Commission said by currently only monitoring casinos, “other areas of gambling (are) vulnerable to misuse by criminals”.


The Commission also proposed reducing the permitted maximum for cash payments for goods and services to 7,500 euros ($ 10,200) from 15,000 euros and submitting shops and traders to a series of checks if they make or receive large payments.


About $ 1.6 trillion was laundered worldwide in 2009 – about 4 percent of the world’s economic output, according to the United Nations Office on Drugs and Crime.


Online gambling is growing in popularity and companies such as Britain’s largest bookmaker, William Hill, and rivals SportingBet and Stanleybet, have benefited from the rise in demand, particularly for betting on sporting events.


But gaming firms have also protested against stricter regulation, with some countries such as Germany having increased controls on advertising, as well as limiting the amounts customers can gamble and increasing taxes on betting.


(Reporting by Robin Emmott; editing by Rex Merrifield)


Internet News Headlines – Yahoo! News





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