World news: Italian PM faces revolt over deportations, Bernanke ...


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Financial Times
World news briefing:
Wednesday July 17 2013

World News
 
Italian PM faces revolt over deportations
Italy's prime minister is facing a growing revolt from within his centre-left party over the crisis surrounding the deportations of a Kazakh family
http://link.ft.com/r/H60H77/IE8OO8/M9C43G/208FK3/3C3AR4/82/h?a1=2013&a2=7&a3=17
 
Bernanke stays course on Fed buying
Fed chairman repeats intention to slow asset purchases later this year if economy stays strong, but also tries to show Fed is not backing away from easy monetary policy
http://link.ft.com/r/H60H77/IE8OO8/M9C43G/208FK3/6A1M3E/82/h?a1=2013&a2=7&a3=17
 
IMF urges China to implement reforms
The International Monetary Fund says China is running out of time to implement critical reforms and shift its economy away from investment-led growth
http://link.ft.com/r/H60H77/IE8OO8/M9C43G/208FK3/SUDTW0/82/h?a1=2013&a2=7&a3=17
 
Cuba claims arms seized on N Korean ship
Panamanian authorities discover shipment of weapons on a North Korean-flagged ship that Havana says was carrying sugar and arms for repair to North Korea
http://link.ft.com/r/H60H77/IE8OO8/M9C43G/208FK3/NR53Z6/82/h?a1=2013&a2=7&a3=17
 
Environment damage costing India billions
World Bank report shows biggest problems to be air pollution, the degradation of crop lands, pastures and forests and poor water supply and sanitation
http://link.ft.com/r/H60H77/IE8OO8/M9C43G/208FK3/IE2S0P/82/h?a1=2013&a2=7&a3=17
 
Spanish shipbuilding subsidies ruled illegal
Brussels declared Spanish state subsidies for shipbuilders illegal on Wednesday, but offered the struggling sector a reprieve by limiting the repayments required
http://link.ft.com/r/H60H77/IE8OO8/M9C43G/208FK3/DX6YBP/82/h?a1=2013&a2=7&a3=17
 
Thai farm subsidy creates rice mountain
The Thai government's buying scheme, which has resulted in a rice hoard of up to 18m tonnes, threatens to undermine the global market
http://link.ft.com/r/H60H77/IE8OO8/M9C43G/208FK3/YGSOEM/82/h?a1=2013&a2=7&a3=17
 
Card transaction fees face European cap
Plan draws on proposed antitrust deals with Visa and MasterCard and ends years of dispute between competition authorities and payment providers
http://link.ft.com/r/H60H77/IE8OO8/M9C43G/208FK3/Q3X152/82/h?a1=2013&a2=7&a3=17
 

The World Blog with Gideon Rachman
 
As it happened: Bernanke on the Hill

Ben Bernanke makes what is likely to be his final appearance before Congress this week. The Federal Re ...
http://link.ft.com/r/H60H77/IE8OO8/M9C43G/208FK3/GYCQ6J/82/h?a1=2013&a2=7&a3=17

 
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