New, improved zebrafish cloning method may further human health research

London, August 31 (ANI): In what may eventually prove very useful in human health research, scientists at Michigan State University have come up with a more efficient method to clone zebra fish.

What makes this work an important achievement is the fact that zebra fish, which have served as an excellent model for understanding normal development and birth defects for more than 20 years, are quickly becoming the animal of choice for many researchers.

“After the mouse, it is the most commonly used vertebrate in genetic studies. It is used in cancer research and cardiovascular research because they have many of the same genes we have,” Nature magazine quoted Jose Cibelli, an MSU professor of Animal Science, as saying.

While previous methods of cloning zebra fish have had very low success rates, the MSU researchers say that their novel method can increase the number of cloned fish that can be obtained from an adult fin cell or an embryonic tail clip increased by 2 percent to 13 percent, respectively.

What makes zebra fish so useful in research is their eggs are transparent and the fish’s development is easy to follow.

Improving on the techniques of zebra fish cloning also is important because currently only the mouse remains the best model for gene targeting.

“So far the mouse is the only one from which you can delete genes in a reliable fashion. What researchers do is mutate a gene, abolish its function completely, and then study the consequences,” Cibelli said.

A research article describing the novel technique has been published in the journal Nature Methods. (ANI)

Brown supports India’s bid for UNSC

L’Aquila (Italy), July 8 (ANI): India’s bid to become a permanent member of the United Nations Security Council got a boost when British Prime Minister Gordon Brown expressed his support for New Delhi’s demand to restructure the UNSC.

Prime Minister Manmohan Singh held a bilateral meeting with his British counterpart in this Italian mountain town. The meeting lasted 45 minutes. Dr. Singh met Brown on the sidelines of the G-8-G-5 summit.

Sources said the two leaders discussed issues of bilateral and multilateral importance, besides areas where they could cooperate mutually, including terrorism.

They confirmed that both leaders discussed the current global economic meltdown.

On Tuesday, British Foreign Secretary Margaret Beckett had said, “India has become such an important and central part of the global infrastructure that just about everything that Britain wants to achieve internationally requires us to work in partnership with India.”

India has again broached the subject of UNSC’s expansion at the G-8 summit this year. In an article for he has written for The Vision of Emerging Powers – India, PM Manmohan Singh has said, “The Security Council has not changed at all and its present structure poses serious problems of legitimacy.

The system of two-tiered membership, which gives a veto to the five permanent members that is the nations that emerged victorious after the Second World War, is clearly anachronistic.”

Singh is expected to meet German Chancellor Angela Merkel on Thursday, Japanese Prime Minister Taro Aso and Angolan President Jose Eduardo Dos Santos on Friday.

An informal meeting with US President Barack Obama is also scheduled. (ANI)

Manmohan Singh meets Brown on G-8 sidelines

L’Aquila (Italy), July 8 (ANI): The Prime Minister, Dr. Manmohan Singh, today met his British counterpart Gordon Brown on the sidelines of the G-8-G-5 summit.

Sources said the two leaders discussed issues of bilateral and multilateral importance, besides areas where they could cooperate mutually, including terrorism.

They confirmed that both leaders discussed the current global economic meltdown.

L’Aquila was hit by a major earthquake in April this year.

Nearly 300 people died and over 1,500 were injured. Another 60,000 were left homeless.

Singh is expected to meet German Chancellor Angela Merkel on Thursday, Japanese Prime Minister Taro Aso and Angolan President Jose Eduardo Dos Santos on Friday.

An informal meeting with US President Barack Obama is also scheduled.(ANI)

Reducing BP below standard target may not offer any benefits

Washington, July 8 (ANI): A new study has revealed that reducing blood pressure below the standard target may not offer any benefits.

Researchers at the University of Costa Rica have found that using antihypertensive drugs to reduce blood pressure below the 140/90 mm Hg does not really reduce death rates or serious morbidity.

“At present there is no evidence from randomized trials to support aiming for a blood pressure target lower than 140/90, in the general population of patients with elevated blood pressure,” said lead researcher Jose Arguedas of the Faculty of Medicine at the University of Costa Rica in Costa Rica.

The Cochrane review has cast doubts on the guidelines recommending for lower targets, based on the assumption that “lower is better” when it comes to blood pressure.

The researchers reviewed seven trials, which together involved 22,089 people.

While patients aiming for targets below 135/85 mmHg did succeed in achieving greater reductions in blood pressure than those in the standard target group, there was no difference between the two groups in terms of the number of patients dying or suffering heart attacks, strokes, heart failure or kidney failure.

“Our research included patients with diabetes or chronic renal disease, and the evidence was slightly less robust for those subgroups of patients,” said Arguedas.

“We intend to carry out separate systematic reviews for those subgroups, especially because guidelines recommend even lower blood pressure targets for them” he added. (ANI)

Bush appointed Fed judges question Obama on terror policies

Washington, July 1 (ANI): President Barack Obama’s claims of broad executive authority to carry out the war on terror are drawing fire from an unexpected source: federal judges nominated by President George W. Bush, who asserted the sweeping powers in the first place.

In recent weeks, three different Bush appointees considering cases relating to war-on-terror detainees have rejected arguments from Obama’s Justice Department, which adopted virtually unchanged the positions the Bush administration had staked out.
In each case, according to Politico, the Bush-appointed judge said the executive branch was overstepping its authority and claiming more powers than the law allowed.

The irony, of course, is that Democrats railed against Bush for what many saw as a power grab in the months and years after the Sept. 11 attacks – when Bush and Vice President Dick Cheney asserted vast executive branch authority to wage wars in Afghanistan and Iraq and to hold prisoners in Guantanamo Bay and elsewhere.

In the years since, courts from the Supreme Court on down have begun to pare back that authority, saying in several high-profile rulings that Bush overstepped his bounds.

Since taking office, Obama has adopted many of these broad claims to executive authority as he’s inherited the war on terror from the past administration – but he is now facing some of the same legal constraints that Bush began to encounter in his closing years in office, sometimes in sharply worded decisions that show some courts have decided it’s time to rein in executive power.

In April, Judge John Bates turned aside the arguments of the Obama and Bush administrations in ruling that some prisoners at the U.S.-run Bagram Air Base in Afghanistan were entitled to challenge their detention in court if they were captured outside Afghanistan.

Earlier this month, San Francisco-based Judge Jeffrey White surprised many legal analysts when he refused to dismiss a lawsuit an alleged Al Qaeda operative and convicted terrorist, Jose Padilla, brought against former Justice Department attorney John Yoo over his alleged involvement in Bush’s decision to hold Padilla in a South Carolina Navy brig for more than three years.

And in a ruling last week, Judge Richard Leon second-guessed the Obama and Bush administrations’ claims that a Syrian detainee, Abdul Rahim Abdul Razak al-Janko, could be held at Guantanamo even though he was considered a spy by Al Qaeda and tortured at some length before he was captured by the U.S. in Afghanistan.

Several legal analysts said they doubted the judges were acting out of any desire to trip up Obama.

“I don’t think it’s partisan or personal,” said David Rivkin, a conservative attorney and lawyer for the administrations of Presidents Ronald Reagan and George H.W. Bush.

Rivkin called the rulings “bad” and “deeply violative of constitutional principles,” but he said the decisions from Bush judges were a logical outgrowth of Supreme Court decisions pushing the judiciary to assert itself.

Even after the stinging defeats, the Obama Justice Department is continuing to fight at least two of the rulings. (ANI)

4,000 yr old tenon heads discovered in Peru

Lima (Peru), May 11 (ANI): Authorities in the Peruvian department of Ancash have announced the discovery of a number of tenon heads believed to be some 4,000 years old.

According to the Mayor of Huaylas district, Jose Espinoza Caballero, these ancient stone carvings were found in the Chupacoto town and would be older than the famous tenon heads of Chavin de Huantar Archaeological Complex.

He noted that the discovery shows the district’s great tourist and scientific potential, as it is considered as “the centre of the Huaylas Culture.”

In addition, Espinoza stressed the need to study and protect other local archaeological remains which have not yet been brought to light or recognized.

Meanwhile, archaeologist Daniel Chumpitaz said this discovery revealed that the Chavin Culture may have originated in Chupacoto. (ANI)

Tenor Jose Carreras announces retirement from opera

London, May 08 (ANI): Spanish singer Jose Carreras, who with Luciano Pavarotti and Placido Domingo formed the ‘Three Tenors’, the most famous trio in opera history, has announced his retirement.

The 62-year-old leukaemia survivor has said that he can no longer meet the gruelling demands of the roles.

“If I can do concert recitals, adapting the repertoire to my needs, then no problem, that’s good enough. But with operas, unless the right circumstances come up, my career is done,” Times Online quoted Carreras as saying.

His retirement leaves 71-year-old Domingo as the only member of the trio to remain on the opera scene, after the death of Pavarotti of pancreatic cancer in September 2007.

“We were, without being presumptuous, the most popular tenors of the day,” Carreras said. (ANI)

Title race reopened after Inter Milan stumble

Rome – A spate of ifs and buts Monday flooded the commentaries on a Serie A weekend that saw leaders Inter Milan crash to a 1-0 defeat at Napoli, allowing city rivals AC Milan to keep alive their scudetto dreams with five games left. Milan beat Palermo 3-0 and moved to within seven points of Inter, which triggered the regrets of club president and Italy Prime Minister Silvio Berlusconi.

“Without that goal (scored for Inter) with a hand by Adriano in the derby we’d be right behind Inter,” Berlusconi said. “But it’s also true that with conditionals you go nowhere in football.”

The 2-1 defeat suffered in mid-February is just one of Milan’s missed chances in a season they played for the most part with massive deficits, up to 14 points, from Inter.

A good run of six wins and one draw, however, has given the Devils hopes for one of those rallies that the Serie A has witnessed in the past.

In 2000, for instance, Lazio filled a nine-point gap in five games to leapfrog Juventus in the last round of games.

Milan veteran Filippo Inzaghi, who scored 10 goals in the past seven games, noted that the Devils’ pace is finally good enough for a title race.

“It’s a pity that we had so many injuries this year,” Inzaghi said, while Dutchman Clarence Seedorf, another team veteran, said that “we have the duty to believe (in a rally) until the end.”

Inter remain the favourites to win a fourth straight title, but, with just two points gained from the past three games, some of their fans are beginning to worry despite the optimism of Jose Mourinho.

“We shouldn’t look behind us. We don’t care about chasers,” the Portuguese coach said. “We should rather do some self criticism and think of securing nine points in the last five games. Practically, we need three wins, and we can get them.”

Mourinho’s condition – if we win three games – seems to be easy to fulfil given a schedule that pits Inter against Lazio, Chievo, Siena, Cagliari and Atalanta, five teams with little to gain or lose in the remainder of the season.

Things could be harder for Milan as they face tough games with Juventus, who didn’t enjoy being leapfrogged in second place, Roma and Fiorentina, both keen on securing berths either in the Champions League or the Europa League, which is to replace the UEFA Cup.

Games with Catania and Udinese should pose little threat for the Devils, although both are away affairs.

As Gianni Mura wrote Monday on la Repubblica, “more than being reopened, the league will be less boring.”

And, until the end of May, there will be plenty of room for ifs and buts, both considering past games and looking forward.(dpa)

Europe seeks to put stop to loss of biodiversity by 2010

Athens – The European Commission will seek to put a stop to the loss of biodiversity in Europe by 2010, EC President Jose Manuel Barroso said at the start of a biodiversity conference in Athens Monday.

The two days of talks in Athens attended by 230 environmental chiefs, trade associations, non-governmental organizations and lobby groups, have found a new momentum following a G8-Plus charter to protect biodiversity adopted on April 24 by environmental ministers from Group of Eight members Britain, Canada, France, Germany, Italy, Japan, Russia and the United States.

The 25-point G8 Syracuse Charter explicitly links safeguarding biodiversity to the fight against global warming.

The G8 charter also urges raised awareness that “ecosystems provide a steady flow of goods and services – by providing clean drinking water, pollinating crops and decomposing waste.

Climate change, land use change, habitat destruction, pollution and waste disposal all pose a growing threat to biodiversity at a time when most of Europe’s species and habitats are at the risk of extinction.

There is growing evidence that the decline of ecosystems and species is continuing despite the progress made with the establishment of the Natura 2000 network, the largest network of protected areas in the world.

“The protection of biodiversity lacks sanctions, legislative muscle and political will,” said Tony Long, the Brussels director of conservation group WWF.

According to EC President Barroso, the European Union’s objective of stopping biodiversity loss will be met by “implementing existing legislation such as the Birds and Habitats Directives, completing the network of protected areas in Europe and agreeing on new policies to address deforestation and to reduce the EU’s ecological footprint.” (dpa)

Gas recipient countries debate security of energy deliveries

Sofia – Natural gas importing countries in Europe, meeting on Friday in the Bulgarian capital Sofia, called for greater energy “security” in reaction to the Russian gas crisis four months ago.

Energy security does not stop at national borders, nor does it stopat the European Union border, said EU Commission President Jose Manuel Barroso at the start of the two-day summit.

Barroso spoke of a need for “security and solidarity” in order to prevent crises such as that of the winter of 2008/2009 when financial disputes between gas producer Russia with Ukraine led to the halt of much needed energy.

“A crisis such as the gas delivery stop must not happen again,” Barroso said.

The summit is being attended by presidents or high-ranking representatives from 30 countries in Europe, the Middle East, the Black Sea region, and the Caucasus as well as the United States, most of whom import natural gas or have pipelines passing through their territory.

The goal of the summit is to find ways to secure deliveries of gas to Europe. Host country Bulgaria was hard hit by the gas crisis in January, as it is completely dependent on Russian natural gas.

Barroso expressed the hope that there would be a clause guaranteeing stable deliveries of energy in a new agreement between the EU and Russia.

He added that the EU was also encouraging Ukraine to take part in efforts for increased energy security.

Russian Prime Minister Vladimir Putin cancelled his appearance at the summit at the last moment, due to a row with Bulgaria over the South Stream pipeline, and sent Energy Minister Sergei Shmatko in his state.

According to media reports, Bulgaria has refused to allow Russia to use its national pipeline for the “South Stream” project. (dpa)

Venezuelan opposition leader seeking asylum

Caracas, April 21 (EFE) Venezuelan opposition leader Manuel Rosales, who has gone into hiding last month after a corruption case against him was resurrected, is seeking asylum in a friendly nation, his party said Monday.

A team from the UNT party ‘is working with a friendly country’ to arrange political asylum for Rosales, UNT chairman Omar Barboza said, without disclosing the name of nation they are in talk with.

Rosales, who founded the UNT party and ran against Hugo Chavez in the 2006 presidential election, will address Venezuelans within 48 hours on the matter, Barboza added.

The opposition leader’s allies say he is hiding as he doubts that he cannot get a fair trial in the case, which dates back to Sep 13, 2004, when Chavez ally Jose Pirela filed a criminal complaint against Rosales alleging graft. Rosales was the then-governor of the oil-rich state of Zulia.

Rosales was due to appear in a court Monday to explain what he says are politically motivated corruption charges.

The case has sparked criticism that the leftist Chavez, who last year vowed to jail Rosales, is using the legal system to carry out witch-hunts against opposition leaders who won key posts in November’s elections for governors and mayors.

In an open letter he released last Tuesday from hiding, Rosales said that, along with the ‘democratic forces … we will intelligently confront the hunt and the lynching that Chavez has ordered against me.’
Ria Novosti

Top ETA leader held in France

Paris, Apil 20 (EFE) A top leader of the Basque terrorist group (ETA) has been arrested by security forces in southeastern France, authorities said Sunday.

Jurdan Martitegui Lizaso, who is believed to be the current leader of the Spanish terrorist group, was detained Saturday along with two other people he was meeting at a church near southeastern French city of Perpinan.

French and Spanish police had launched a joint operation to nab Lizaso, who had been sought by authorities since 2006.

According to Spanish Interior Minister Alfredo Perez Rubalcaba, Martitegui was the head of ETA’s military wing.

‘In all likelihood, we have the chief of ETA’s military wing,’ Rubalcaba said, adding that whether the suspect was ETA’s top leader was still ‘something up for discussion’.

Martitegui, who was considered extremely violent, is known as ‘the Giant’ because of his height (6 feet and 5 inches). The suspect will be taken to Paris for questioning, officials said.

ETA, an acronym for Homeland and Freedom in Basque language, has killed more than 850 people since taking up arms in 1968 to seek a Basque nation comprising parts of northern Spain and southern France.

The terrorist group has carried out nearly two dozen attacks since June 5, 2007, when it ended its unilateral ceasefire with the Spanish government.

The terrorist group had declared a ‘permanent ceasefire’ in March 2006 in an apparent attempt to negotiate peace with Spanish Prime Minister Jose Luis Rodriguez Zapatero’s government.

Most observers, however, regarded the Dec 30, 2006, attack at the Madrid airport as marking the end of the terrorist group’s ceasefire

Man U says it is ready for a scrap with Porto

London, Apr.14 (ANI): Manchester United has warned Porto that they are ready for a scrap and won’t loosen their grip on the Champions League crown.

United go into tomorrow’s quarter-final second leg knowing no English side have beaten Porto at home in 12 attempts.

Alex Ferguson’s men were held to a 2-2 draw by the Portuguese side at Old Trafford last week.

Midfielder Michael Carrick insists the holders have a determination to win back-to-back Euro titles.

“We’re English and European champions and we don’t want to let either trophy go – we’re probably even more determined than we were last year to stay on top. There’s always a real determination for success and thankfully we’ve had that in recent years. But we want it again. We can beat anyone on our day, so we will go to Portugal with confidence and believing we can win,” The Sun quoted Carrick, as saying.

The last time United went to Porto five years ago they lost 2-1 and then drew 1-1 at home as they were dumped by Jose Mourinho’s team in the first knockout stage.

Boss Ferguson said: “They are a different proposition now with an introduction of Brazilian and Argentine players into their team. This has given them both a flair and toughness that is very much in evidence when they play at home.” (ANI)

Chelsea stun Liverpool to put one foot in last four

Liverpool – Chelsea have one foot in the last four of the Champions League after they stunned Liverpool 3-1 at Anfield on Wednesday.

Fernando Torres put Liverpool ahead after just six minutes but Chelsea were the better side after that and two goals from defender Branislav Ivanovic and one from Didier Drogba completed a well-earned victory.

Five-time champions Liverpool will need a massive performance now in the second leg at Stamford Bridge if they are to even stand a chance of progressing.

The two teams were meeting in the Champions League for the fifth season in a row, with Liverpool having won in 2005 (on their way to winning the Cup) and 2007 but Chelsea advancing last season.

Liverpool went into the match on the back of five straight wins in all competitions and it looked like it might be another great European night for them when they took the lead in the fifth minute.

After Chelsea failed to clear their area, the ball dropped to Dirk Kuyt, whose clever flick released Alvaro Arbeloa. The Spaniard squared the ball to his compatriot Torres, whose finish gave Chelsea goalkeeper Petr Cech no chance.

Chelsea almost responded immediately when Fabio Aurelio dallied on the ball and Drogba found himself one-on-one with Jose Reina, but the Liverpool goalkeeper stood strong and blocked his shot.

Drogba blasted an even better chance over the bar with his left foot but Chelsea were beginning to get into the match, with the Ivory Coast striker giving Jamie Carragher a torrid time, while Michael Essien was not allowing Steven Gerrard any room.

And on 38 minutes, their pressure told as Branislas Ivanovic evaded the Liverpool defence to head a Florent Malouda corner past Reina.

Gerrard shot just wide three minutes into the second half while at the other end, Carragher cleared a Drogba shot off the line before Torres blasted a decent chance too high.

Terry was then booked for a pointless challenge on Reina, meaning he will miss the second leg, but Chelsea’s disappointment turned to joy when Ivanovic scored his second goal in almost identical fashion, firing an unstoppable header into the net.

Liverpool looked stunned but they were then left dumbstruck when Michael Ballack fed Malouda, whose perfect cross was hammered in by Drogba five minutes later.

Rafael Benitez brought on Yossi Benayoun, Andrea Dossena and eventually Ryan Babel, for the disappointing Lucas, but the changes had little effect.

Xabi Alonso tested Cech with a long-range effort, but Chelsea kept their advantage to take a massive step towards the semi-finals. (dpa)

Wreckage of missing chopper in Philippines found, three dead

Manila, April 8 (DPA) Philippine rescuers Wednesday found the wreckage of a helicopter carrying senior staff of President Gloria Macapagal Arroyo that crashed in a northern mountainous village, killing at least three people, officials said.

The Bell 412 helicopter, carrying five passengers, two pilots and another crew member, went missing Tuesday while on its way to Banaue town in Ifugao province, 270 km north of Manila, from the nearby mountain resort city of Baguio.

Ifugao Governor Teodoro Baguilat Jr said a team of police officers, village officials and rescue volunteers found the wreckage in a forested area in the mountainous village of Eheb in Tinoc town.

‘The search for survivors is ongoing,’ he said.

‘Three people were found dead, but the others are missing,’ Tinoc Mayor Lopez Tugong said.

Tugong said the identities of the fatalities were not yet determined.

‘According to residents, the helicopter crashed and exploded in an area in Tingoc,’ Tugong told a Manila radio station.

The passengers included Press Undersecretary Jose Capadocia, Appointments Secretary Malou Frostrom, Air Force Brigadier General Carlo Clet, a senior military aide of Arroyo, an assistant secretary of the presidential management staff and Clet’s aide.

The officials were on their way to Banaue as an advance team for a scheduled visit by Arroyo Wednesday. The trip was cancelled and senior aides said the president was ‘shaken’ by the news of the missing chopper.

Zapatero expected to reshuffle government in response to crisis

Madrid – Spanish Prime Minister Jose Luis Rodriguez Zapatero was Monday widely expected to reshuffle his government at top level this week in response to the country’s deepening recession.

Pedro Solbes, who has held the economy portfolio since Zapatero became prime minister in 2004, will probably be replaced by Public Administrations Minister Elena Salgado, according to several media, including the daily El Pais, which is seen as being close to the government.

Salgado’s portfolio was expected to be given to Andalusian regional Prime Minister Manuel Chaves, for whom the new post of a third vice-premier would also be created.

Jose Blanco, second-in-charge of Zapatero’s Socialist Party, was deemed likely to replace Infrastructure Minister Magdalena Alvarez, one of the most criticized members of Zapatero’s cabinet.

Solbes has also faced increasing criticism over what was perceived as attempts to downplay the economic crisis and slowness in responding to it.

The Bank of Spain said last week the economy would contract 3 per cent this year, in contrast to a government forecast of 1.6 per cent.

Unemployment is expected to continue rising from the current level of 14 per cent, already the highest in the European Union.

With the eventual appointments of party heavyweights such as Blanco and Chaves, Zapatero would want to strengthen the political profile of his government in response to the crisis, analysts said.

Zapatero, who declined to comment on the eventual reshuffle during a visit to Turkey on Sunday, was expected to announce it Tuesday or Wednesday

INTERVIEW – U.S. engaged on Doha, deal “doable” – Lamy

The United States is committed to concluding the Doha round of world trade talks and President Barack Obama has been extremely engaged in the negotiations, the head of the World Trade Organisation said on Friday.

“My sense is that the overall stance of the U.S. is the right one. We are not there yet and I understand the U.S. needs some time to weigh up what is on the table,” WTO Director General Pascal Lamy told Reuters in an interview.

“But I must say that the U.S. president was extremely engaged on this issue,” he said of talks with Obama at Thursday’s summit of the G20 industrial and emerging economies in London.

The summit agreed to try to kickstart trade liberalisation talks at G8′s next meeting in July. Obama backed the move after calls from European Commission President Jose Manuel Barroso, French President Nicolas Sarkozy and German Chancellor Angela Merkel.

The major emerging nations, notably India, Brazil, China and South Africa, will also be invited to the G8 summit in Italy.

“These are good occasions, notably because the emerging countries are around the table to push and maybe try and crack a few nuts. We will use all these occasions to heat up the political pressure,” Lamy said.

DOABLE DEAL

Lamy said the so-called “modalities” of a deal to open world trade — the precursor to a full agreement — were “doable” before the end of the year and he could call a key ministerial meeting once Washington has indicated its position.

“I do not exclude calling a ministerial before or after the summer break,” he said.

“I will do this as soon as I make a judgment that having ministers around the table is what we need to move forward. I am not saying when it will take place … but the sooner the better.”

The WTO chief said there “is a bigger sense of urgency” in reaching a Doha deal, estimated to be worth at least $150 billion for the world economy, since he put the talks on ice last December.

“There is more political energy, more unity, and there is a bigger sense of urgency since December,” Lamy said.

“In December trade was a cluster, now trade is among the one, or two or three or four legs of a collective response to the financial crisis.”

The Organisation for Economic Co-operation and Development said on Tuesday world trade should decline by 13.2 percent in 2009.

“We have gathered new energy, new momentum. As the crisis worsens, the neccessity to keep trade open and the dangers of protectionism trigger a sort of policy response which will help us move forward,” Lamy added.

TRADE FINANCE

Earlier in an interview with Reuters Financial Television, Lamy welcomed a consensus at the G20 summit to avoid protectionism and an agreement to support global trade flows with 250 billion euros ($334 billion) of finance measures.

“It is a very positive response,” Lamy said. “Implementation now is something we will be watching,” he added of guarantees and other measures aimed at encouraging importers and exporters to help reverse a sharp drop in trade.

Trade finance has dried up as a result of the credit crunch as banks become more cautious about exposure to new risks.

“The important thing is that there is, as in other areas of the G20 work yesterday, convergence, unanimity on the view that in order to respond to this crisis, trade must remain open.”

G20 outcome will build confidence: Spanish PM

London, April 3 (EFE) Spanish Prime Minister Jose Luis Rodriguez Zapatero said the agreement reached Thursday at the G20 summit here would generate the confidence needed for the global recession to ‘touch bottom’ in the second half of the year.

He also announced at a post-summit press conference that Spain would contribute some 4 billion euros ($5.38 billion) of the $750 billion in new money that will be placed at the disposal of the International Monetary Fund (IMF) to help poor and developing economies.

After the summits in Washington and London, Spain, the world’s eighth-biggest economy, has consolidated its position in the G20 as ‘a power in international circles’, the premier said.

Regarding the accords adopted Thursday in London, Zapatero emphasised the support for ending the lack of financial transparency and the ‘impunity’ of tax havens.

‘Today, the beginning of the end of the tax havens began,’ Zapatero said, noting that at the summit, the respective economy and finance ministers devised steps to sanction countries blacklisted for failing to cooperate with efforts against tax evasion.

With this accord, the differences between the French-German bloc and the US bloc regarding the need to adopt new spending programmes that boost the economy receded.

In Zapatero’s judgement, there is general agreement that the stimulus efforts made to date ‘has no precedent’ and that the approved plans are beginning to have an effect in the economic realm.

Spain, Zapatero said, has initiated one of the largest fiscal expansion plans, amounting to more than two percent of gross domestic product.

The unity shown by the G20, he added, contributed to generating confidence and confirming that in the second half of 2009 the recession will bottom out and ‘the prospect is for recovery’, noting that ‘touching bottom would certainly be a positive expectation’.

The Spanish prime minister said that the G20 nations likewise committed to stricter oversight and supervision of financial markets to prevent the recurrence of the kind of activities that caused ‘the most serious economic recession since World War II’.

He also underlined the need of commitment to the Millennium Development Goals (MDGs) set by the United Nations nearly a decade ago.

‘History will judge us, above all, by the willpower we put into the fight against poverty and misery,’ he warned.

Mourinho says that he is ‘not after Fergie’s job’

London, Mar.10 (ANI): Inter-Milan football team coach Jose Mourinho has rubbished claims that he is after Manchester United coach Alex Ferguson’s job.

Interviews at the weekend had quoted Mourinho saying he was ready to replace Fergie as United chief and would defeat him in the second leg.

But Mourinho said that he made no such comments.

Former Chelsea boss Mourinho’s advisor Eladio Parames told SunSport last night: “Jose did not give an interview or speak with anyone about Alex Ferguson’s job.

“The contents of the article are ridiculous. First, it shows a lack of respect to Sir Alex, whom Jose is a great admirer of and believes will manage Manchester United for many years to come. “Jose has a deal with Inter, which he plans to honour,” he added.

“And it shows a lack of respect to Manchester United in a week in which Inter are preparing to face them in an important Champions League match,” Parames said. (ANI)