Papal resignation

EUROPE 6:20pm

Pope’s resignation a bolt from the blue

Pope Benedict XVI waves during a mass conducted by Cardinal Tarcisio Bertone, for the 900th anniversary of the Order of the Knights of Malta at the St. Peter Basilica in Vatican February 9, 2013 ©Reuters

Benedict XVI is first pontiff to step down since 1294

Andrew Hill 12:17pm

Popes, CEOs and poor succession planning

Too many chief executives cling to office as their powers wane

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Global Insight from EUROPE 6:37pm

Overblown Cyprus discovers painful truths

Eurozone partners intent on not rewarding recklessness

Performers from the Portela samba school parade during carnival celebrations at the Sambadrome in Rio de Janeiro ©AP LATIN AMERICA & CARIBBEAN 2:10pm

Rio police get tough on Carnival crime

Samba schools raided as part of drive against gambling rings

bullfighter Taira Nono makes a pass during a bullfight in Torremolinos ©AP EUROPE 6:36pm

Spain gets into ring to protect bullfighting

Move will stoke tensions with secessionist Catalonia

US & CANADA 3:43pm

Immigration cap drags on US manufacturing

Industry joins call to relax quotas on highly skilled immigrants

MIDDLE EAST & NORTH AFRICA 5:31pm

Egyptian scholars choose Grand Mufti

Apolitical professor wins vote over Brotherhood favourite

A port worker stands on the dockside as the container ship MSC Renee prepares to unload at the open deep-water Port of Sines in Sines, Portugal, on Tuesday, Dec. 11, 2012. The Portuguese government is ready to implement additional measures in 2013 if there are slippages in meeting budget targets, the European Commission said. ©Bloomberg From GLOBAL ECONOMY 3:50pm

Portuguese exports surge outside Europe

Trade deficit also narrows as imports fall

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