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Price war knocks UK mortgage costs: report

Written By Unknown on Sabtu, 17 Agustus 2013 | 18.16

UK mortgage payments for new borrowers are at their most affordable in 14 years after a price war erupted between lenders, according to a new report.

Payments for both first-time buyers and home movers accounted for just 27 per cent of average incomes in the second quarter of this year, marking the lowest proportion seen since 1999, Halifax found.

Lenders slashing their mortgage rates, along with house prices having fallen in recent years, were said to be the main factors behind improved affordability.


18.16 | 0 komentar | Read More

Amnesty urges full probe into Egypt crisis

AMNESTY International has called for a full and impartial investigation into the bloodshed in Egypt, saying the authorities' response to the protests has been "grossly disproportionate".

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Hundreds besieged in Egypt's Fateh mosque

A BESIEGED mosque in central Cairo is the site of a tense standoff between Egyptian security forces surrounding it and hundreds of backers of toppled president Mohamed Morsi trapped inside.

Television footage showed riot police standing outside the al-Fateh mosque in Ramses Square.

Those inside the mosque were afraid of being detained if they left, a man inside the mosque told Qatari broadcaster al-Jazeera.

"The hope is that the Egyptian people will take to the streets in order to force an end to this siege," he said.

"The besieged people include women and children, some of them need medical assistance."

The state Middle East News Agency reported that the people inside the mosque had opened fire extinguishers at the police, who did not respond.

Irish citizen Omaima Halawa, 21, who is the daughter of the imam of Ireland's biggest mosque in Dublin and was in Cairo with her two sisters and brother, described the scene as very frightening.

"We are surrounded in the mosque both inside and outside," she told Irish broadcaster RTE.

"The security forces broke in and threw tear gas at us."

She said they had been warned they could be shot if they tried to leave.

At one entrance to the mosque, security forces stood between the besieged protesters and angry residents, who tried several times to force their way into the mosque.

Ahmed Sami came to al-Fateh to look for friends inside.

"I'm afraid for their safety. I fear they will be brought out dead," he said.

Mahmoud, a supporter of the Muslim Brotherhood who took part in a march against Morsi's ouster by the military, said protesters had come under fire and sought refuge inside the mosque.

In the large square outside al-Fateh, residents confronted bearded men, and women in Islamic headscarves.

In several parts of Cairo, residents detained people they deemed suspect and handed them over to security forces, in a sign that vigilante justice was beginning to take hold.

Television footage showed troops inside the mosque apparently trying to persuade the protesters to give themselves up.

One of the protesters said by telephone that they were demanding they not be arrested, or attacked by hostile civilians outside.

An estimated 700 Morsi supporters took refuge in the mosque following clashes with security forces in the area.

More than 50 people were killed on Friday in violence across Egypt, according to security sources.

The Muslim Brotherhood said at least 200 people were killed in the unrest, the latest since Morsi's ouster on July 3.

Police said they had arrested 1004 Muslim Brotherhood followers suspected of involvement in Friday's violence.

The Muslim Brotherhood and its Islamist allies vowed to hold a "week of departure" protests through next week against the military-backed government, raising fears of further bloodshed.

Some 630 people were killed in a security crackdown on two major pro-Morsi vigils in Cairo and the ensuing violence in the country on Wednesday.

Under emergency rules declared by the government earlier in the week, police are allowed to use firearms in self-defence and against demonstrators who attack state buildings.

The army's overthrow of Morsi, after protests by millions demanding he step down, has deeply divided Egypt, which is the Arab world's most-populous country.

The clampdown on pro-Morsi protesters has drawn international condemnation, mainly from Europe and the United States.

However, the Gulf countries have expressed support for Egypt's interim rulers.


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Turkey, Egypt recall envoys over crackdown

Written By Unknown on Jumat, 16 Agustus 2013 | 18.16

TURKEY has recalled its ambassador to Cairo as tensions with Egypt worsen dramatically following a bloody crackdown on supporters of the country's ousted Islamist president.

Egypt retaliated by recalling its envoy to Turkey, whose Prime Minister Recep Tayyip Erdogan has condemned what he called the "massacre" of peaceful protesters.

Erdogan, a supporter of former president Mohamed Morsi and his Muslim Brotherhood movement, has infuriated the interim government in Cairo by terming his ouster a military "coup".

Nearly 600 people were killed in the violence that erupted on Wednesday when security forces moved in to break up pro-Morsi protest camps, the worst unrest in the country since the 2011 uprising that unseated Hosni Mubarak - causing international criticism to poured in.

Erdogan, who heads Turkey's ruling Islamic-rooted Justice and Development Party (AKP), had forged a close alliance with Morsi since he was elected in the country's first free election in June 2012.

The Islamist leader was invited to the AKP's annual congress last September where Erdogan positioned Turkey as a regional standard-bearer.

"We have shown everyone that an advanced democracy can exist in a predominantly Muslim country," Erdogan told the congress.

"We have become a role model for Muslim countries."

Turkish leaders hinted they would not break ties with the new leadership emerging in Egypt after the military uprising, despite their criticism of the army's actions.

Analysts, however, said the bloody crackdown on demonstrators was a breaking point for Turkey, which would make it very hard for Erdogan's government to reconcile with the military regime in Egypt.

Turkey invested both politically and financially in Egypt after Morsi's election, aiming to bolster Ankara's influence and show that Turkey was not the only country where Islam and democracy could coexist.

Erdogan said his country served as a "very important reference" to Egypt on why military uprisings must not be tolerated.

This week's unrest in Egypt is expected to hit around 260 Turkish businesses operating in the Arab world's most populous country.

Turkish investment in Egypt amounts to nearly $US2 billion ($A2.2 billion), mostly in the textile and clothing industries.


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Panama may fine N. Korean arms ship $1m

THE Panama Canal authority says it will impose as much as a $1 million fine on the North Korean freighter caught with an undeclared shipment of Cuban weapons.

"It is a flagrant violation of safe passage through the Panama Canal and we have little tolerance for this kind of activity," canal administrator Jorge Quijano said on Thursday.

"It is going to be sanctioned," he said, adding that authorities were still mulling the size of the fine.

"It's obvious that there were containers that had not been declared, not to mention what was inside them."

The ship, the Chong Chon Gang, was boarded and searched July 10 on suspicion it was smuggling drugs.

Authorities instead uncovered 25 containers of military hardware, including two Soviet era MiG-21s, air defence systems, missiles and command and control vehicles, buried under tons of sugar.

Havana said they were obsolete Cuban arms being shipped to North Korea for refurbishment under a legitimate contract.

A team of UN experts had travelled to Panama to inspect the weapons and determine whether the shipment violated a UN ban against arms transfers to North Korea.

According to the Panamanian government, the experts wrapped up their visit on Thursday.

However, officials did not provide any details on possible findings.

Quijano said fines imposed by the canal authority range from $10,000 to $100,000 for serious violations and up to $1 million for "very serious" violations.

"The case of the North Korean freighter is very serious," he told AFP.

Warships and ships carrying military or nuclear material routinely go through the canal, allowed passage even at times of war.

The only requirement is that canal authorities be given prior notice so that local authorities can take appropriate security precautions.


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Ecuador vows to resolve Assange situation

LIVE: Friday Night NRL

Inglis

FOLLOW the rolling coverage as the South Sydney Rabbitohs take on the Manly Sea Eagles in a blockbuster and the Broncos face the Eels.

When 3D printing fails beautiful things can happen

When 3D printing fails beautiful things can happen

WITH 3D printing still in its infancy, mistakes are common. But great lessons can come from great failure as these designers found out.

The kind of souvenir you really don't want

The kind of souvenir you really don't want

FOR most of us, the only kind of souvenir we expect to find on a beach is a shell. But one unlucky boy got a lot more than he'd hoped for, with a sea snail finding its way inside his leg.

Anorexic Holly gives birth to girl

Anorexic Holly gives birth to girl

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This is how to make a fortune from crowdfunding

This is how to make a fortune from crowdfunding

SO YOU have an amazing idea. And you want people to pay for it. Here are the golden rules to ensure your pet project doesn't wither and die online.


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Audi developing a plug-in hybrid for China

Written By Unknown on Kamis, 15 Agustus 2013 | 18.16

AUDI has announced plans to jointly develop a plug-in hybrid vehicle with its Chinese partner, First Automotive Works (FAW) based in the southern city of Foshan.

Audi chief executive Rupert Stadler said the company was determined to bring plug-in-hybrid technology to China soon.

He gave no specific details, confirming only that the model will use a combustion engine and an electric motor that "work together effectively".

The model's batteries will be replenished using a conventional electric socket rather than a custom-made charger,

Audi parent company Volkswagen has already developed a hybrid electric car especially for the Chinese market and both Mercedes-Benz and BMW are working on similar projects.

Stadler was tight-lipped about an introduction date for the Audi plug-in but said the petrol-electric car was an "important milestone" that would strengthen Audi's "international competitive position" and help the company achieve the goal of selling 2 million vehicles annually by 2020.


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Death toll in Egypt crackdown now 464

AT least 464 people have been killed in nationwide violence sparked by a crackdown on the protest camps of supporters of ousted Islamist president Mohamed Morsi, government officials say.

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Former Speaker Slipper to run in election

Former Speaker Peter Slipper announced he will recontest his Queensland seat. Source: AAP

FORMER Speaker Peter Slipper says he faces a David and Goliath contest to retain his federal seat of Fisher after vowing to fight for a ninth term in office.

Mr Slipper announced on Thursday he will recontest his Queensland seat as an independent, up against former Howard minister Mal Brough, who was accused of conspiring to bring sexual harassment claims against him to court.

"It is a David and Goliath effort, every election is a challenge," he told reporters outside his Sunshine Coast electorate office on Thursday.

"This is my most difficult election ever because I'm up against the major parties but one of the reasons I'm standing is to provide real choice for local people."

Mr Slipper admits his family has felt the toll of the past 18 months in which he's been accused of sexually harassing staffer James Ashby, charged with misusing expenses and resigned as Speaker over offensive text messages.

"We've all made mistakes and I'm sure that you've made mistakes, and any mistake I've made, you guys have tried to report. But we all make mistakes as we go through life," he told reporters.

His wife Inge-Jane Hall stood by him throughout the time and was with him again on Thursday, speaking up for her husband and their marriage.

"You just don't understand him and I think that's really sad," she said.

"I do want to say to people that our marriage is real, I've had to listen to rumours spread throughout this community about how our marriage is not real, that we've divorced and all those sorts of things.

"I do love my husband ... he's a really good guy."

The sexual harassment case was thrown out by Federal Court Justice Stephen Rares, who found Mr Ashby's predominant purpose for bringing the case was to pursue a political attack against his former boss.

"The LNP candidate Mal Brough and other LNP and Liberal Party figures were deeply involved," Mr Slipper said on Thursday.

Mr Slipper resigned from the Liberal National Party (LNP) in 2011 after then prime minister Julia Gillard appointed him speaker of the House of Representatives.

Despite being at long odds to keep the seat he has held since 1993, Mr Slipper was optimistic.

"I'm very confident to be judged by the people of Fisher," he said.

"The messages that I get back from the community, particularly since the Justice Rares decision, is that people have seen through the plot that was set up against me."

Mr Slipper was coy when asked who he would direct his preferences to.

"One doesn't decide what happens with preferences until nominations close. They have closed, but of course those who have nominated will not be announced until tomorrow," he said.

"I'll be making the appropriate decisions at the appropriate time."


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Asian shares mixed following US gains

Written By Unknown on Rabu, 14 Agustus 2013 | 18.16

ASIAN markets were mixed following gains on Wall Street, as investors awaited fresh numbers that will give an indication of the health of the US economy.

Tokyo shares closed up 1.32 per cent, or 183.16 points, at 14,050.16 because of bargain-hunting in late trading on Wednesday and with a weak yen continuing to support the bourse.

Seoul closed up 0.57 per cent, or 10.88 points, at 1,923.91. Sydney closed flat at 5,157.4 after a choppy session in which Commonwealth Bank shares fell despite posting the biggest-ever profit by an Australian bank.

Shanghai finished down 0.29 per cent, reversing earlier gains as worries resurfaced over the domestic economy. Trading on the Hong Kong stock exchange was suspended for the day following disruption caused by Typhoon Utor.

Dealers cited improved economic data in the US, Europe and China for buoying investor sentiment, along with a Japanese media report saying that Tokyo was mulling corporate tax cuts to help offset an expected rise in sales tax.

Investors are closely watching a series of data releases due this week from the United States, the world's biggest economy. On Tuesday, retail figures showed a lower-than-expected 0.2 per cent rise but some analysts pointed to overall strength in non-automobile purchases.

Figures for housing and industrial production are expected later in the week.

Wednesday's rise in Tokyo mirrored gains in the United States, after a US Federal Reserve official stressed that the Fed's expected tapering of its massive $US85-billion-a-month stimulus program would be cautious.

The American market was also buoyed after corporate raider Carl Icahn revealed he has a large stake in Apple, sending the technology titan 4.8 per cent higher.

The billionaire activist took to Twitter to disclose his "large" stake in the company, which he rated "extremely undervalued".

The Dow Jones Industrial Average gained 0.20 per cent while the tech-rich Nasdaq - which includes Apple - rose 0.39 per cent.

Analysts said investors would look for clues from the Fed when they meet next month.

"Investors will likely take a wait-and-see approach until September when the US Federal Open Market Committee meets and the Japanese government releases its growth strategies and makes decisions on sales and corporate taxes," Hideyuki Ishiguro, assistant manager of investment strategy at Okasan Securities, told Dow Jones Newswires.

The US dollar changed hands at Y98.35 on Wednesday afternoon, rising from Y98.22 in New York on Tuesday.

The euro stood at $US1.3264 and Y130.34 against $US1.3262 and Y130.26 in New York.

In oil markets New York's main contract, West Texas Intermediate for delivery in September, was down 40 US cents at $US106.39 a barrel in afternoon Asian trade. Brent North Sea crude for September shed 45 US cents to $US109.37

Gold was at $US1,323.10 an ounce at 1840 AEST, slightly down from $US1,319.88 late on Monday.

In other markets:

- Taipei fell 0.41 per cent, or 34.94 points, to 7,951.33. Taiwan Semiconductor Manufacturing Co was 0.41 per cent lower at $Tw96.8, while leading integrated circuit design house MediaTek dropped 0.82 per cent to $Tw363.0.

- Wellington ended flat, down just 0.03 per cent, or 1.23 points, at 4,524.59.

Sky City casino was down 4.15 per cent after an 8.1 per cent fall in annual net profit and Kathmandu Holdings rose 3.0 per cent to $NZ2.74.


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