By Dan Williams JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu condemned on Sunday the framework Iranian nuclear agreement being sought by international negotiators, saying it was even worse than his country had feared. Israel has mounted what it terms an "uphill battle" against an agreement that might ease sanctions on the Iranians while leaving them with a nuclear infrastructure with bomb-making potential. "This deal, as it appears to be emerging, bears out all of our fears, and even more than that," Netanyahu told his cabinet in Jerusalem as the United States, five other world powers and Iran worked toward a March 31 deadline in Lausanne, Switzerland. Netanyahu's campaigning against the nuclear negotiations crested on March 3 with his speech to the U.S. Congress at the invitation of its Republican speaker, John Boehner, that angered President Barack Obama and many fellow Democrats.
By Anjuli Davies and John Geddie LONDON(Reuters) - Investment banks feeling the pinch from increased regulation since the financial crisis could reap an earnings reward from a boost in trading activity under the European Central Bank's (ECB) trillion-euro quantitative easing (QE) program. The flood of money into markets from the ECB's bond-buying has brought an increase in the volatility that traders crave as investors stake bets on the impact the scheme will have on inflation and long-term interest rates. "QE is likely to underpin a sustained period of strength in euro capital markets," Citigroup said in a research note on Friday. "There has been a sharp spike in rates and foreign exchange volatility, which also points to a strong quarter for wholesale banks' macro revenues." Revenue from fixed income, currencies and commodities trading, the so-called FICC universe, have historically been a rich source of profit for banks, but new capital rules and moves towards electronic trading have squeezed the sector in recent years.
Itâ€™s fair to assume that when the average westerner thinks of Beirut, theyâ€™re more likely to picture sectarian conflict than digital innovation. Kelly Hoey, a New York-based Canadian who founded the startup accelerator Women Innovate Mobile, cited the quality of education in the Middle East and a plethora of advanced degrees in fields such as engineering as a major reason this region is one to watch for innovation. â€śThat is a massive, massive advantage that this region should take hold of," said Hoey, speaking on a panel discussion at ArabNet. ArabNet, which just wrapped up its sixth edition, is one of the largest forums for the Middle Eastâ€™s burgeoning tech startup industry.