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Indonesian anti-terrorism police have shot and killed three suspects after a gun battle at a house near the capital Jakarta where a bomb was reportedly found, police said. National police spokesman Rikwanto told MetroTV on Wednesday that the residential neighborhood had been evacuated, Associated Press said. One person was arrested in the raid. “During the raid, we tried to be careful but they threw something from inside […]

SHANGHAI Northern China was shrouded in smog for a fifth straight day on Wednesday as citizens complained that the state’s emergency measures were still not being implemented properly. Residents in Shijiazhuang, the capital of heavily industrialised Hebei province that surrounds Beijing, complained that schools were still open even though the city remained on red alert with air pollution levels close to record highs. Media reports in central […]

By David Alire Garcia and Lizbeth Diaz | MEXICO CITY MEXICO CITY At least 27 people died and at least 70 were injured in an explosion at a fireworks market outside the Mexican capital on Tuesday, local authorities said. The blast was the third to strike the popular San Pablito marketplace in Tultepec, about 20 miles (32 km) north of Mexico City, in just over a decade. […]

At least 26 people were killed and some 70 injured in a huge explosion at an open-air fireworks market in Mexico as shoppers stocked up on bangers and rockets for the holidays. The blasts ripped through the San Pablito fireworks market in the manner of a chain reaction on Tuesday afternoon. With about 300 stalls, the fireworks market, in the town of Tultepec in the central State […]

Italian bank shares are on track for their best month in more than seven years as signs the government may intervene to support its financial sector gave fresh momentum to a rally. The FTSE Italia All-Share banks climbed 2.3 per cent in afternoon trading, leaving it up more than 22 per cent so far in December. The index is now on course for its best monthly showing […]

A merger of German container shipping line Hapag-Lloyd and United Arab Shipping Company (UASC) is likely to take months to complete, partly due to financing issues blamed on a deep industry downturn, sources familiar with the deal say. Hapag-Lloyd signed a binding agreement with UASC in July to form the world’s fifth-largest line, valued at about 7 to 8 billion euros ($7.2-$8.3 billion), by the end of […]

ABU DHABI // A Canadian teacher working at a private school in the capital was one of the 34 people injured in Sunday’s attack in the southern Jordanian city of Karak that left 10 people dead. Christopher Vatcher, a teacher at Abu Dhabi Grammar School (Canada), sustained a bullet wound to the shoulder and is expected to make a full recovery, a family friend told CBC News. […]

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Tuesday 19:45 GMT Overview A robust session for US equities saw the Dow Jones Industrial Average climb to within a whisker of the 20,000 milestone as participants shrugged off geopolitical concerns and focused on the prospect of stronger growth under the presidency of Donald Trump. The “risk-on” mood in the markets left US Treasury prices and gold lower while the yen — viewed by many as a […]

By Angus McDowall and Maria Tsvetkova | BEIRUT/MOSCOW BEIRUT/MOSCOW As President Bashar al-Assad’s army closed in on the last rebel enclave in Aleppo on Tuesday, Russia, Iran and Turkey said they were ready to help broker a Syrian peace deal. The Syrian army used loudspeakers to broadcast warnings to insurgents that it was poised to enter their rapidly diminishing area during the day and told them to […]

Germany was braced for a possible manhunt on Tuesday after doubts emerged as to whether the man arrested after an attack on a Christmas market in Berlin was indeed the perpetrator. Thomas de Maizière, Germany’s interior minister, said he was in “no doubt” that the attack, in which a truck was driven at speed into a crowded market in the heart of the German capital, was an […]

Turkey’s lira, the second-worst performing currency of 2016, reverted to type with a bout of volatile trading after the country’s central bank kept interest rates unchanged. After strengthening by nearly 1 per cent ahead of the meeting, the lira came back under pressure and was trading at around TL3.54 to the dollar, although another bout of volatility subsequently pushed it higher in late London trading. Concerned about […]

By Maria Tsvetkova and Peter Hobson | MOSCOW MOSCOW Russia, Iran and Turkey said they were ready to help broker a Syrian peace deal after the three countries held talks in Moscow on Tuesday and adopted a declaration which set out the principles any agreement should adhere to. The countries made the announcement after Russian Foreign Minister Sergei Lavrov hosted talks with his Iranian and Turkish counterparts […]

  Submitted by Jayant Bhandari via Acting-Man.com, India’s Currency Ban – Part VI India’s Prime Minister, Narendra Modi, announced on 8th November 2016 that Rs 500 (~$7.50) and Rs 1,000 (~$15) banknotes would no longer be legal tender. Linked are Part-I, Part-II, Part-III, Part-IV, and Part-V, which provide updates on the demonetization saga and how Modi is acting as a catalyst to hasten the rapid degradation of […]

By Steve Scherer | ROME ROME Three days after resigning as Italian prime minister and before his successor took office, Matteo Renzi typed a late-night Facebook post from his family home near Florence that seemed to cast doubt on his future. “I have no seat in parliament, no salary, no pension… I’m starting over,” he wrote. Since stepping down on Dec. 7 after a crushing referendum defeat […]

It started off as one of those typical conversations you have when you’re in a foreign country and the taxi driver recognizes you to be a foreigner. “Where are you from?,” he asks, soon after I get into the bright yellow taxi cab, to which I reply “Sri Lanka.”“Beautiful country,” he responds.“Have you been there?” I ask him politely.“No, but my friend went there for a holiday. He […]

Photo Andrey G. Karlov, left, with President Vladimir V. Putin of Russia at Ataturk airport in Turkey in October. Credit Osman Orsal/Reuters Russia’s ambassador to Turkey, Andrey G. Karlov, was killed by a gunman on Monday in Ankara, the capital. Turkish officials said the killer had been a police officer who, after shooting, shouted: “Don’t forget Aleppo! Don’t forget Syria!” Russia’s Foreign Ministry called the assassination a […]

The Turkish lira is climbing off its weekly lows this morning in the wake of the assassination of the Russian ambassador in Ankara on Monday and ahead of another key interest rate decision later today. At publication time, the lira has gained 0.35 per cent against the dollar to TRY3.5180 per dollar, having slumped to as low as TRY3.5340 in the aftermath of the shooting of Andrei […]

ZURICH A man who shot three people at a Zurich mosque on Monday is dead, police said on Tuesday, confirming that a body found near the scene was that of the assailant. Zurich cantonal police said authorities had identified the suspect, but gave no details. A news conference was scheduled for 1300 GMT. The gunman had stormed into the Islamic centre and opened fire on worshippers. “The […]

In a year replete with extraordinary political upheaval and the wrenching loss of artistic icons, the markets have played their part in contributing to the angst. Here is a look at some of 2016’s most notable one-day wobbles. China cracks It started badly. In China, the mainland’s benchmark, the Shanghai Composite index, had closed 2015 near a four-month high after bouncing nearly 21 per cent from its […]

Italy’s bruised bank stocks are getting a welcome kick higher this morning after the country’s government asked the Italian parliament to authorise up to €20bn to help prop up its most troubled lenders last night. The request comes after long-standing concerns about the health of the Italian banking system, which lumbers under the highest bad loan pile in the eurozone. Rome’s finance minister Pier Carlo Padoan said […]

The newly opened location will expand company’s existing office portfolio, including several offices in Europe and recently announced US presence. 20 December 2016 Dubai, United Arab Emirates – Walkbase, a leading IoT analytics and marketing platform for retail, today announced the opening of its office in Dubai, UAE, resulting from a growing number of existing customer cases and ongoing discussions in the Middle East region. The decision to open […]

By Michelle Nichols | UNITED NATIONS UNITED NATIONS United Nations Secretary-General Ban Ki-moon said on Monday he feared genocide was about to start in South Sudan unless immediate action is taken, renewing his plea for the Security Council to impose an arms embargo on the world’s newest country. “If we fail to act, South Sudan will be on a trajectory towards mass atrocities,” Ban told the 15-member […]

SHANGHAI/BEIJING Heavy smog engulfed large parts of northern China for a fourth straight day on Tuesday, with the environment ministry warning that some firms in the region were continuing to flout emergency restrictions and dozens of flights out of Beijing cancelled. Some power plants and chemical producers in the region had not scaled back operations in line with regulations, and drivers in Beijing had also been flouting […]

Tunis – December 20, 2016  The Tunis Bay Project Company, a project of Bahrain-based GFH Financial Group B.S.C., held a ceremony in the Tunisian capital recently to mark the nearing completion of infrastructure works on the first and second phases of the Tunis Financial Harbour (TFH). The ceremony was held under patronage and presence of Tunisia’s Prime Minister, Youssif Chahed, a number of other ministers, parliament members and diplomats. The event coincided […]

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