Oryza Quick Glance at World News Sep 13, 2013
Financial Times – *Britain has secured a third breakthrough in as many days in its campaign to check perceived over-reach from Brussels, as a senior adviser to Europe’s highest court recommended clipping the powers of an EU market watchdog on short selling. *Twitter fired the starting gun on the internet’s most anticipated initial public offering since Facebook by filing preparatory documents to the Securities and Exchange Commission. “We’ve confidentially submitted an S1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale,” the messaging site tweeted from its official account, sending the site’s users into an immediate frenzy of speculation. *Egypt’s military-installed interim government has extended a state of emergency for another two months, raising fears of a return to the heavyhanded security practices of the Mubarak era. *Hassan Rouhani, Iran’s centrist president, will meet his Russian counterpart at Shanghai Cooperation Organisation in Bishkek, Kyrgyzstan, on Friday in what he has described as a meeting of “utmost importance” for Tehran. *Militants staged a suicide car bomb attack then engaged in a gunfight with security forces near the U.S. consulate in the western Afghan city of Herat early on Friday, officials said. An Afghan translator was killed, while several other people, including police, were wounded. *France has unveiled a sweeping plan to revive its flagging industrial prowess that underscores efforts by the Socialist government to reconcile its interventionist instincts with a more pro-business approach. In a high profile announcement at the Elysée Palace, President François Hollande laid out a 10-year industrial policy based on supporting no fewer than 34 sectors, spanning new technologies in areas ranging from renewable energy to robotics and medical biotech. *Gold slid to a four-week low on Thursday as investors digested the latest US jobs data and reassessed the likelihood of a military strike on Syria. The precious metal fell to $1,329 a troy ounce in afternoon trading in London after a report showed jobless claims last week fell to the lowest level since April 2006, extending losses since the start of the week to 5%. Wall Street Journal*The Indian economy is expected to grow 5.3% in the current fiscal year through March 2014, C. Rangarajan, Chairman of India’s Prime Minister’s Economic Advisory Council, said. The forecast is lower than the 6.4% estimate made late in April and would only be a marginal improvement from India's decade-low growth pace of 5.0% recorded in the last fiscal year.