Bangkok Post – Government backs down
Corruption, soaring prices and loss of world markets have finally convinced the government to consider huge changes to its rice price pledging programme.
mcot.net – Thailand advised to change trade, investment models to penetrate ASEAN markets
Secretary-General Surin Pitsuwan of the Association of Southeast Asian Nations (ASEAN) advised Thailand today to change its trade and investment models in order to penetrate and invest more in ASEAN markets and bring back revenue to the country.
Bangkok Post – BoT: Interest rate could ease further
Interest rates could ease further, despite the Bank of Thailand’s decision to keep its benchmark interbank rate unchanged at 3.0 per cent, BoT governor Prasarn Trairatvorakul said on Friday.
mcot.net – Government speeds up measures to ease Suvarnabhumi congestion
Thailand’s air transport-related agencies are speeding up measures to reduce congestion at the capital’s Suvarnabhumi Airport, Civil Aviation Department (CAD) Director-General Voradech Hanprasert said yesterday.
The Nation – Dhanin calls for caution in populism
Dhanin Chearavanont, chairman of Charoen Pokphand Group, called for a cautious government approach towards populism, to avoid a Greece-like crisis.
bbc.co.uk – Train surfers face electrocution threat
Indonesian state railway officials announce that they are lowering electrical cords that power commuter trains to prevent people from riding on carriage roofs.
news.com.au – Japanese cargo docks with space station
A Japanese cargo transporter has docked with the International Space Station.
Bangkok Post – China hardens island base
China has appointed military officers at a newly established garrison in the South China Sea, state media reported on Friday, marking the country’s latest step to bolster claims to disputed islands in the area.
bbc.co.uk – Australia ‘breached rights’ of Indonesian minors
Australia has breached the rights of Indonesian children who arrived as crew on people-smuggling boats and were jailed as adults, a report finds.
bbc.co.uk – Japan women lose longevity crown
Japanese women lose the top spot in global life expectancy rankings for the first time in 25 years, a government report says.
bbc.co.uk – Athletes light up Olympic Games
The Queen declares the London Olympics open following a spectacular ceremony, before a group of seven young athletes light the ceremonial flame.
bbc.co.uk – Barclays faces new investigation
Barclays faces a new investigation by the financial watchdog, the bank reveals, as it announces a 13% rise in half-year profits to £4.2bn.
bbc.co.uk – Children ‘at risk’ in new system
Some of England’s most vulnerable children may lose out under planned changes to the child protection system, a new campaign group argues.
bbc.co.uk – First world records at OlympicsIm Dong-Hyun
London 2012 has seen its first world records broken as the South Korean archery team set two landmarks at Lord’s.
bbc.co.uk – Terry charged by FA over Ferdinand row
Chelsea captain John Terry is charged by the Football Association following his clash with QPR’s Anton Ferdinand.
bbc.co.uk – Egypt president meets Hamas PM
Egypt’s President Mohammed Mursi discusses “solutions” to the blockade of Gaza at talks with the head of the Hamas-led government, Ismail Haniya.
bbc.co.uk – Stranded Somalis ‘rescued at sea’
About 90 Somali migrants stranded on a boat in the Mediterranean Sea for more than four days have been rescued, news reports and relatives say.
news.com.au – Spain’s jobless rate nears 25 per cent
Almost one in four Spaniards are out of work, according to new government figures.
bbc.co.uk – Spanish economy ‘needs reform’
Spain is in an “unprecedented” double-dip recession and the outlook for the country remains “very difficult”, says the International Monetary Fund.
bbc.co.uk – Greece PM Antonis Samaras in tough bailout talks
Greek PM Antonis Samaras is meeting international creditors to try to persuade them that Athens deserves its final instalment of bailout money.
bbc.co.uk – Russia denies overseas base plans
Russia’s Defence Ministry denies media reports that Moscow is planning to set up its first new overseas navy bases since the end of the Soviet Union 1991.
bbc.co.uk – Madonna booed over Paris show
French Madonna fans vent their anger after she performs for just 45 minutes at a show meant to celebrate tolerance.
bbc.co.uk – Syria faces growing Aleppo anger
The international community steps up the pressure on the Syrian government to end its assault on the country’s biggest city, Aleppo, amid fears of a bloodbath.
news.com.au – US projects $US1.2 trillion 2012 deficit
The US is projecting that its budget deficit for 2012 will be $US1.2 trillion, the fourth consecutive year of trillion dollar-plus deficits.
bbc.co.uk – US economic growth slows to 1.5%
Growth in the US economy slowed between April and June to an annualised pace of 1.5%, but Wall Street rallies on the better-than-expected figures.
news.com.au – Apple, Samsung set for US court showdown
A US court case between Apple and Samsung is likely to decide the competitive playing field of the mobile sector in the country.
bbc.co.uk – Skype denies police surveillance policy change
Microsoft’s online message, phone and video chat service Skype has denied making changes to its system “in order to provide law officers greater access” to its members’ conversations.
bbc.co.uk – Facebook shares drop to new low
Shares in Facebook have fallen to a new low, as investors react to the social network’s first set of results since its flotation.
news.com.au – Probe ordered into Jackson kids’ welfare
A judge has ordered an investigation into the welfare of Michael Jackson’s children before he decides their guardianship.