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Olmert's cabinet OKs $100 mln transfer for Abbas

JERUSALEM, Dec 24 (Reuters) Israeli Prime Minister Ehud Olmert's cabinet today unanimously approved the transfer of 100 million dollar in Palestinian tax revenues to President Mahmoud Abbas's office, Israeli officials said.

Olmert had pledged the funds to Abbas at their first formal meeting held yesterday in Jerusalem.

''The cabinet has approved the transfer of 100 million dollar via Abbas's office,'' an official in Olmert's office said. Israeli media said the decision was unanimous.

Officials said the transfer may not take place for days or weeks, until Israel receives details of what humanitarian needs Abbas intends to use the funds for.

Israel is seeking assurances that the money will bypass the Hamas-led Palestinian government.

Olmert told ministers he had had a ''good meeting'' with Abbas, and that they had agreed to hold further talks and to ''launch a dialogue with the Palestinian Authority'' in a bid to resume peace talks stalled since 2000.

A Palestinian uprising erupted soon after the last talks collapsed and hopes of reviving them dimmed again when the Hamas Islamist movement rose to power in March.

Israel and Western countries have imposed a financial boycott on the Palestinians to press Hamas to drop its refusal to recognise Israel and renounce violence.

Israel had frozen nearly 500 million dollar in Palestinians tax revenues as a part of these sanctions.

REUTERS PDM PM1541

Thousands of passengers stranded by train strike

LONDON, Dec 24 (Reuters) Thousands of train passengers in central England were left stranded today after a strike by conductors brought services to a standstill. The RMT union said 550 senior conductors from Central Trains were striking in a dispute over pay and working arrangements after talks earlier in the week broke down. As a consequence the company, which runs trains from cities such as Liverpool, Cardiff, Birmingham, Norwich and Nottingham, was not putting on.....

Barroso says current EU constitution has no chance

BERLIN, Dec 24 (Reuters) European Commission President Jose Manuel Barroso said today he did not believe the current European Union constitution had any chance of coming into effect but hoped its values, principles and substance could be salvaged. In an interview with Bild am Sonntag newspaper, Barroso said he believed Germany -- which takes over the EU's six-month rotating presidency in January -- could take important steps to quickly improve the union's ability to make.....

Barroso says Germany must meet lower CO2 targets

BERLIN, Dec 24 (Reuters) The German government, which has been fighting a European Commission order to lower its future carbon dioxide (CO2) allocations to industry, must obey the ruling, Commission President Jose Manuel Barroso said today. Barroso said in an interview with Bild am Sonntag the Commission had assigned Germany a lower target than the government had set itself for Europe's carbon trading scheme for the period 2008 to 2012, and that it must be.....
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