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Climate change signals the end of Australian shiraz as we know it

Sun, 07/13/2014 - 20:38
HOBART Tasmania (Reuters) - Young Australian vintner Nick Glaetzer's winemaking-steeped family thought he was crazy when he abandoned the Barossa Valley - the hot, dry region that is home to the country's world-famous big, brassy shiraz.

Israel holds off on escalating Gaza barrage; West wants truce

Sun, 07/13/2014 - 17:30
GAZA/JERUSALEM (Reuters) - Israel appeared to hold off on a threatened escalation of its week-old Gaza Strip barrage on Monday despite balking at Western calls for a ceasefire with an equally defiant Hamas.






Magical Goetze eclipses Messi as Germany win Cup

Sun, 07/13/2014 - 16:45
RIO DE JANEIRO (Reuters) - A world class Mario Goetze volley in extra time fired Germany to a fourth World Cup crown with a 1-0 victory over Argentina on Sunday, leaving the South Americans and their captain Lionel Messi heartbroken.






Whiting to buy Kodiak for $3.8 billion, create No. 1 Bakken producer

Sun, 07/13/2014 - 16:25
(Reuters) - Whiting Petroleum Corp said on Sunday it would acquire Kodiak Oil & Gas Corp for $3.8 billion in stock, to become the largest producer in North Dakota's Bakken shale oil formations, eclipsing Harold Hamm's Continental Resources Inc .

Citi, U.S. $7 billion settlement announcement expected Monday

Sun, 07/13/2014 - 15:41
NEW YORK (Reuters) - Citigroup agreed to pay $7 billion to resolve a U.S. government investigation into shoddy mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis in a settlement set to be announced on Monday, sources said.

U.S. House panel sets witness list for CDC anthrax hearing

Sun, 07/13/2014 - 15:09
WASHINGTON (Reuters) - A U.S. congressional committee said on Sunday that it will hear from half a dozen witnesses this week about dangerous lapses at federal health facilities, including one that led to the potential exposure of 84 people to live anthrax.






Climate change signals the end of Australian shiraz as we know it

Sun, 07/13/2014 - 15:03
HOBART Tasmania (Reuters) - Young Australian vintner Nick Glaetzer's winemaking-steeped family thought he was crazy when he abandoned the Barossa Valley - the hot, dry region that is home to the country's world-famous big, brassy shiraz.

Russia warns Ukraine after shell crosses border

Sun, 07/13/2014 - 13:57
DONETSK Ukraine/MOSCOW (Reuters) - Russia threatened Ukraine on Sunday with "irreversible consequences" after a Russian man was killed by a shell fired across the border, while Kiev said Ukrainian warplanes struck again at separatist positions in the east of the country, inflicting big losses.






AECOM to pay $4 billion for engineering firm URS Corp

Sun, 07/13/2014 - 13:14
(Reuters) - Engineering design firm AECOM Technology Corp on Sunday said it would pay about $4 billion in cash and stock to acquire URS Corp, an engineering and construction services company, to create a combined company with about $19 billion in annual sales and more than 95,000 employees.






U.S., Iran say disputes remain in nuclear talks as deadline looms

Sun, 07/13/2014 - 13:02
VIENNA (Reuters) - U.S. Secretary of State John Kerry said on Sunday major differences persist between Iran and six world powers negotiating on Tehran's nuclear program, with a week to go before a deadline for a deal.






'Excessive' rubbing of engine blades caused F-35 failure: Pentagon

Sun, 07/13/2014 - 12:40
LONDON (Reuters) - The engine failure that has grounded the entire fleet of Lockheed Martin Corp F-35 fighter jets was caused by "excessive" rubbing of fan blades in the plane's Pratt & Whitney engine, but does not appear to be a fundamental design flaw, the Pentagon's chief weapons buyer said on Sunday.

Boko Haram leader claims blast in Nigeria's Lagos

Sun, 07/13/2014 - 11:50
ABUJA (Reuters) - Boko Haram leader Abubakar Shekau has claimed responsibility for two explosions on June 25 at a fuel depot in Lagos, Nigeria's commercial hub, in a video seen by Reuters on Sunday, which if true would be the militants' first recorded attack on the city.

Berlin, Washington, Moscow and Markus R., the spy who walked in from the cold

Sun, 07/13/2014 - 10:34
BERLIN/WASHINGTON (Reuters) - For this year's Independence Day bash the U.S. embassy in Germany picked the historic Tempelhof airport where an allied air lift 66 years ago kept Berlin's citizens from starving during Soviet leader Josef Stalin's blockade.

Heavy fighting breaks out near Libya's Tripoli airport, seven dead

Sun, 07/13/2014 - 10:32
TRIPOLI (Reuters) - Heavy fighting broke out between rival militias vying for control of Libya's main airport on Sunday, killing at least seven people and forcing a halt of all flights in the worst fighting in the capital for six months.






Renzi struggling to rein in Italy's big-spending state

Sun, 07/13/2014 - 10:10
ROME (Reuters) - Carlo Cottarelli left a high-level job at the International Monetary Fund last year to help the Italian government cut high public spending. Nine months on, the craggy 59-year-old economist and newly minted "spending commissioner" has made little headway.






Iraqi factions hit new delay in forming government

Sun, 07/13/2014 - 10:06
BAGHDAD (Reuters) - Iraq's parliament failed on Sunday to break a political deadlock that is holding up the formation of a new government to tackle an Islamist-led insurgency raging less than 50 miles (80 km) from Baghdad.

Amid new spy scandal, Kerry calls U.S. and Germany 'great friends'

Sun, 07/13/2014 - 09:33
VIENNA (Reuters) - U.S. Secretary of State John Kerry, standing alongside Germany's foreign minister, on Sunday stressed the strategic importance of relations between the two countries, which have been battered by new allegations of U.S. spying on Berlin.

Exclusive: Egyptians fear Islamist militants gathering on Libyan border

Sun, 07/13/2014 - 07:12
SALLOUM Egypt (Reuters) - A few days before he was elected Egypt’s president in May, Abdel Fattah al-Sisi discreetly visited tribesmen living along the border with Libya. Tribal leaders there say Sisi, former head of the army, urged them to help Egypt confront what could be a security nightmare for the biggest Arab nation: Islamist militants operating just over the frontier in Libya.

Iraq headed for chaos unless politicians unite, U.N. says

Sun, 07/13/2014 - 04:12
BAGHDAD (Reuters) - Iraqi soldiers backed by Shi'ite militias fought Sunni rebels for control of a military base northeast of Baghdad on Saturday as a U.N. envoy warned of chaos if divided lawmakers did not make progress on Sunday towards naming a government.






Charting a path to 'normalization'

Sun, 07/13/2014 - 03:33
BRUSSELS (Reuters) - Investors shift focus this coming week from trouble spots such as Portugal's biggest listed bank to a marathon testimony by the U.S. Fed chair that could help chart a global path towards post-crisis "normalization".