Thursday, May 23, 2013
 
 

By William Schomberg and David Milliken

LONDON (Reuters) - Britain's government should spend more now to fund investment and steer its economy back to recovery, the International Monetary Fund said on Wednesday, a call unlikely to be heeded by finance minister George Osborne.

Economic data earlier on Wednesday highlighted the challenge facing Osborne. Retail sales slumped last month while a measure of public borrowing jumped to a record high.

In a relief for the under-fire Conservative-led government, the IMF's annual report did not repeat an explicit call by the Fund in April for Britain to consider slowing the pace of spending cuts aimed at reducing its hefty budget deficit.

Prime Minister David Cameron is under intense pressure from his own lawmakers over his policies on Europe and gay marriage and has had to quell speculation that his coalition might not last until the next election.

But at a news conference at Britain's finance ministry to present the report, IMF deputy managing director Da   [READ MORE]
 
 
 
By Sylvia Westall

KUWAIT (Reuters) - After two lackluster decades, Kuwait is experiencing a quiet revival of an arts scene once known as the most avant garde in the Gulf, thanks to a new generation eager to tackle sensitive issues using cutting-edge art forms.

The art...   [READ MORE]
CANNES (Reuters) - This year 20 films are in the main competition at the Cannes film festival, vying for the Palme d'Or for best picture that will be awarded on May 26.

Here is the 2013 lineup with the average rating out of four by 10 international critics as published in trade magazin...   [READ MORE]
 
By Alexandria Sage

CANNES (Reuters) - Walking the red carpet of the world's most famous film showcase is a test of nerves for celebrities, not helped by wind, rain and the chaos of hundreds of photographers shouting their names.

From choosing the perfect dress and...   [READ MORE]
 
(Reuters) - Gap Inc's <GPS.N> chairman and CEO said on Tuesday the U.S. retailer was ready to sign a global accord designed to prevent another deadly disaster in Bangladesh's garment industry, provided there were some very minor accommodations.

A series of incidents at fact...   [READ MORE]
 
(Reuters) - British fashion retailer Primark said on Tuesday it would provide short-term financial assistance to all victims and families affected by the collapse of Rana Plaza last month in Bangladesh while the clothing industry continues to formulate a long-term compensation plan.

The co...   [READ MORE]
By David Beasley

ATLANTA (Reuters) - A national atheist group said it plans to donate enough books on its views to be placed in all Georgia state park cabins after the state's governor said Bibles should remain at the vacation properties despite an atheist's recent complaint.

...   [READ MORE]
 
 
 
 
 
 
 
 
 
 
 
 
 

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