World Bulletin / News Desk
Jordan's King Abdullah has ordered the government to freeze a hike in the price of the low-grade fuel used by the poor in the aid-dependent kingdom, which is struggling to absorb refugees from neighbouring Syria.
The price hike, which sparked several scattered street protests by the government's tribal and Islamist opponents, was the second this year under IMF-guided measures to cut subsidies and ease budget strains.
Palace officials said on Monday the king had asked Prime Minister Fayez al-Tarawneh's government to freeze the planned 10 percent rise in the price of lower-grade gasoline.
On Sunday, 89 of the 120 deputies in the country's lower house of parliament signed a petition urging the king to dismiss Tarawneh over the move, which took effect on Saturday.
The government, mindful of public fury that exploded into street clashes in the depressed south of the country after two price hikes in 1989 and 1996, has long been reluctant to raise fuel prices.
Street protests early last year, inspired by the wave of Arab unrest, pushed the authorities to expand social spending and freeze fuel price hikes, including gasoline.
But the government raised the price of premium petrol by 20 percent last May and a month later raised the price of lower grade gasoline used by lower-income Jordanians - the majority of the country's seven million population - by 12.9 percent.
Jordanian officials say such measures show the commitment to fiscal consolidation needed to keep International Monetary Fund (IMF) support and win further aid.
Economists have it is becoming increasingly untenable for Jordan to maintain subsidies, plus a bureaucracy whose salaries consume most of the $9.6 billion annual budget, in the absence of large inflows of foreign capital or aid.
Officials say the rise in gasoline prices will help Jordan meet an IMF-backed budget deficit target of around 5 percent of gross domestic product after grants that traditionally cover budget shortfalls.
($1=.7109 Jordanian Dinar)
The Slovak pipeline operator Eustream estimated it would ship 22.4 million cubic metres through the pipeline while the Slovak economy minister said the link was ready to run at full capacity.
China has also said it would like to continue to develop "friendly cooperation" with Ukraine and that it respects the ex-Soviet state's independence, sovereignty and territorial integrity.
Selling a fleet of subs would mark the first time since at least the end of World War Two that Japan had sold a complete weapons platform overseas.
The head of Iran's atomic agency says the agreement will be signed next month
A little more than a month ahead of general elections, new figures shows the Brazilian economy contracted by 0.6 percent in the second quarter of 2014
Russia cut off the gas flow in mid-June after the two sides failed to agree on pricing and debts owed for previous gas supplies.
Malaysia Airlines will be de-listed from the Kuala Lumpur exchange by the end of 2014
Venezuela's Petroleum minister, Rafael Ramirez, said earlier this year that PDVSA could import crude as a "last resort" to find diluents for its heavy crudes
Air France, the French network of Air France-KLM said on Wednesday it has suspended its flights to Sierra Leone following advice from the French government
Ukrainian Prime Minister Arseny Yatseniuk said that Kiev knew of plans by Russia to halt gas flows this winter to Europe
The inquiry into tycoon Bernard Tapie has embroiled several of former president Nicolas Sarkozy's cabinet members including Lagarde.
The riot broke out in the southern industrial hub of Johor state on Tuesday at a factory run by JCY International , a Malaysian firm that makes parts for electronic giants including Samsung, Hitachi and Western Digital.
Hawaii and U.S. territories have strong dependency on petroleum imports, because of their physical isolation and lack of fossil fuel resources, while their residential electricity prices have been three to five times the average residential prices of the mainland U.S.
Buyers of Kurdish crude could face lawsuits from Baghdad if the oil moves close to U.S. soil and would also require the seller to provide costly indemnities against potential lawsuits
Deep job losses, route cuts and a change of leadership are expected to feature in a restructuring plan being prepared by Malaysia's government
New company will create the third largest global fast-food chain with annual sales of US$23 billion.