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George Osborne's attempt to slash £11.5bn off public spending in election year has run into cabinet trouble, after ministers identified only £2.5bn in cuts to their budgets.
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AKTAU, Kazakhstan, Oct 8- An outspoken critic of Kazakh President Nursultan Nazarbayev was jailed for seven-and-a-half years on Monday for his part in a failed attempt to overthrow the government of the oil-producing Central Asian state.
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*Petronet may join GAIL if it gets Repsol's LNG assets. NEW DELHI, Oct 8- India's Petronet LNG has allowed gas firm GAIL to use annually 2.5 million tonnes capacity at Petronet's liquefied natural gas plant at Dahej in western India for importing the fuel, its chief executive A. K. Balyan said on Monday.
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PARIS, Oct 8- The outlook for the world's major economies including the United States and Germany has deteriorated slightly, although China may be stabilising after a recent slowdown, the OECD said on Monday.
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NEW YORK, Oct 8- At 68, Barbara Miller Elegbede is living proof that flower children need not grow up. A self-described hippie, she attended a San Francisco college at psychedelia's height and remembers friends constantly crashing on the couch of her apartment, just a block away from Janis Joplin's pad in the hip Castro neighborhood.
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*Hungary's forint gives back some of Friday gains. BUCHAREST, Oct 8- Hungary's forint led emerging European currencies lower on Monday, giving back some of the previous session's sharp gains as questions persist over an international financing deal.
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LONDON, Oct 8- The South African rand plunged to a new 3-1/ 2 year low against the dollar as the worst bout of labour unrest since the end of apartheid rattles the market, while growth worries weighed on broader emerging markets. The rand tumbled 2.4 percent, extending losses chalked up on Friday when Anglo American Platinum.
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WARSAW, Oct 8- Polish central banker Adam Glapinski said he might vote for an interest rate cut in November, signalling a policy shift that could clear the way for the bank to lower borrowing costs next month.
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Oct 08- In its published report titled "Banking Industry Country Risk Assessment: Czech Republic," Standard& Poor's Ratings Services said that the Czech banking sector's main strengths are its solid core customer deposit base, industry stability and strong risk-adjusted profitability, and the country's prudent macroeconomic policies and sound government finances.
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MOSCOW, Oct 8- The following are some of the leading stories in Russia's newspapers on Monday. -Samsung Electronics Co Ltd's sold 28 percent of all tablet computers in Russia in August, while Apple Inc..
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MOSCOW, Oct 8- The World Bank slashed its economic growth forecasts for Russia on Monday and cautioned that labour shortages would force up inflation even as the world's ninth-largest economy slows.
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ANKARA, Oct 8- The gas flow on a pipeline carrying Iranian natural gas to Turkey was halted due to an explosion in eastern Turkey in the early hours of Monday, Turkish energy officials told Reuters.
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MOSCOW, Oct 8- The World Bank on Monday slashed its economic forecasts for Russia and cautioned that, even as growth slows, labour shortages show the world's ninth-largest economy is overheating. The global development lender cut its forecast for economic growth this year to 3.5 percent from 3.9 percent previously, down from last year's growth of 4.3 percent.
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MOSCOW, Oct 8- Russian stocks fell on Monday and the rouble weakened, hurt by worries about the health of the global economy and lower commodity prices. The rouble-traded MICEX index was down 0.7 percent to 1,468.01 at 0700 GMT, while the dollar-based RTS was off 1.0 percent to 1,492.53. Shares of Russia's third-largest crude producer TNK-BP.
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Oct 08- Fitch Ratings has upgraded Atrium European Real Estate Limited's Long-term Issuer Default Rating and senior unsecured rating to' BBB-' from' BB+'. The Outlook on the IDR is Stable.
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BUCHAREST, Oct 8- Emerging European currencies edged lower on Monday, while signs Hungary is moving closer to an international financing deal helped the forint hold on to Friday's sharp gains.
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MOSCOW, Oct 8- Sales of new cars in Russia grew 10 percent year-on-year in September, the Association of European Businesses said on Monday, after a rise of 15 percent the previous month. The AEB expects that 2.8 million cars would be sold in Russia during 2012, around 7.5 percent up on the previous year.
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PRAGUE, Oct 8- Czech industrial output fell in August and unemployment ticked higher in September, data showed on Monday, raising fears of a fourth straight quarter of contraction and indicating government austerity measures are deepening the economic downturn.
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PRAGUE, Oct 8- Czech industrial output to fall 3.1 percent on an annual basis in August, undershooting market expectations of a 0.5 percent increase and raising fears of a fourth straight quarter of recession. Seasonally adjusted output was down by 2.9 percent in August from July, the Statistics office said.
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OSLO, Oct 8- Norwegian gas exports to Europe rose on Monday morning from the previous day as production from a major gas processing plant has reached full capacity, gas system operator Gassco said. Exports to Europe including Britain rose by 18.9 million cubic metres to 312.9 mcm per day by 0600 GMT compared with the 294 mcm daily average on Sunday.
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MOSCOW, Oct 8- Saratov oil refinery, owned by Anglo-Russian crude producer TNK-BP, has resumed production after it caught fire last week, TNK-BP said on Monday. The company also said it continues maintenance work at its visbreaker unit, which was hit by fire on Thursday, when one worker died after the incident.