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BAGHDAD Iraqi security forces on Tuesday captured the central bank’s main branch in Mosul, which Islamic State had looted when it overran the city in 2014, a military spokesman said. Rapid Response soldiers also seized a building that housed Islamic State’s main court of justice, Lieutenant Colonel Abdel Amir al-Mohammadawi, a spokesman for the elite interior ministry units, told Reuters. The court was known for delivering harsh […]

BEIRUT Six years of violence and bloodshed have spawned a mental health crisis among Syria’s children whose impact will be felt for decades, international charity Save the Children said on Tuesday. In a report it called the largest mental health survey inside Syria during the war, the group found children increasingly crippled by fear or anger. Most of the children – two-thirds of whom had lost a […]

By Goran Tomasevic | MOSUL, Iraq MOSUL, Iraq Both screaming in terror, a father and the young daughter he cradled in his arm fled through the rubble-strewn streets of Wadi Hajar, transformed in a flash into a battleground between Islamic State fighters and Iraqi special forces. They and their neighbours – some wearing rubber sandals, some barefoot – were running from an IS counter-attack in this part […]

Drastic cuts in oil industry investment risk creating a shortfall in supply that by 2020 will expose the market to a surge in prices, the International Energy Agency has warned. Despite a chorus of analysts predicting a decline in oil consumption in the coming years, as governments push for energy efficiencies, cleaner fuel usage and electric cars, the IEA cautioned in its five-year outlook: “We see no […]

It is a year and a half since the leak of the 11.5m documents related to international financial structures that came to be known as the “Panama Papers”. On 2 and 3 March a European Parliament committee of inquiry was in Luxembourg to check on the country’s response, as part of broader ongoing investigation. The leak of documents belonging to Panamanian law firm and corporate service provider […]

Via Michael Shedlock of MishTalk.com, A quick perusal of Target2 Balances for January shows capital flight from Italy and Spain to Germany intensified again. German target2 imbalances exceed levels hit in the Eurozone crises in 2012. Things improved considerably after ECB president Mario Draghi made his famous statement “Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, […]

JERUSALEM: Israel’s defense minister said Monday the US has notified Israel that imposing Israeli sovereignty over the West Bank would lead to an “immediate crisis” with the Trump administration.“We received a direct message — not an indirect message and not a hint — from the United States. Imposing Israeli sovereignty on Judea and Samaria would mean an immediate crisis with the new administration,” Defense Minister Avigdor Lieberman […]

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Most entrepreneurs occasionally face unfavourable circumstances, from underperforming staff or chronic complaining customers to difficult economic conditions, mounting fees, and other often unforeseen hassles. However, there are outlier entrepreneurs, those whose decisions to persevere greatly outnumber the impediments they encounter. “I was stubborn. I had been dreaming about that project forever. I didn’t want to give up,” says Ziad Kamel, founder of Couqley UAE, a French bistro […]

Antimicrobial resistance is a serious global health crisis seen in almost every country today. But what is it and why is it so important to solve it immediately? What Is Antimicrobial Resistance Antimicrobial resistance, or AMR, is an umbrella term for the condition when microorganisms (bacteria, viruses, fungi, and other parasites) grow resilient to medications specifically designed to counteract them. These include antibiotics, antifungals, antiparasitics, and antivirals drugs. […]

(Image: Apis Cors) San Francisco-based 3D printing startup Apis Cors envisions a future where houses can be printed in just 24 hours. As far-fetched as it may seem, the startup recently demonstrated that it’s possible — and costs significantly less than studio apartment in San Francisco. For a little over $10,000, Apis Cor in partnership with Russian developer PIK was able print out a 38sqm house at […]

BEIRUT A Syrian city that is a stated target of a Turkish-backed operation in the north of the country Syria is under the protection of a local, Kurdish-allied militia and the U.S.-led coalition against Islamic State, the local militia said. The Manbij Military Council says it has controlled the city of Manbij since its capture from Islamic State last year by the U.S.-backed Syrian Democratic Forces (SDF) […]

Recruiters in the Bay Area and executives at rival companies say they have seen an uptick in job applications from Uber employees, as its workers lose faith in the company’s leadership and start to doubt the value of their stock options. Uber has gone from crisis to crisis over the past five weeks, prompting increasing numbers of employees to explore the idea of leaving a start-up that […]

March began with announcements from two social media giants, Facebook and Twitter, about bold and concrete moves that they are doing to make using their platforms safer and friendlier. The measures that Facebook and Twitter are now taking aim not just to make the social media experience more enjoyable but to also possibly save lives and protect their users’ well being. Facebook and Twitter’s Bold Moves Facebook‘s […]

Deutsche Bank on Sunday unveiled an €8bn capital increase and its latest sweeping strategic overhaul, as chief executive John Cryan seeks to put Germany’s biggest bank “back on the front foot” after a year of turmoil. The moves, some of which reverse changes to the structure of businesses announced only 18 months ago, come after a year when Deutsche was caught up in two brutal market sell-offs. […]

Via Daniel Mitchell of The Foundation for Economic Education, I focus most of my ire on the federal government because bad policy from Washington is the biggest threat to our nation’s freedom and prosperity. But we also get plenty of bad policy from other levels of government. I periodically focus on the foibles of states such as California, Illinois, and New York. Today, though, let’s contemplate the […]

KUALA LUMPUR • Seven men, four of them Yemenis, have been detained in the Klang Valley for suspected links to terror groups. The seven were picked up by the Bukit Aman Special Branch Counter Terrorism Division between Feb 21 and Feb 26 following multiple raids. The suspects are a 41-year-old Malaysian factory technician, a 28-year-old Indonesian farmer, a 37-year-old East Asian man, and the four Yemenis. Inspector-General […]

By Balazs Koranyi | FRANKFURT FRANKFURT Two of the world’s biggest central banks are likely to find themselves with a bigger policy gap by the end of the coming fortnight The European Central Bank on Thursday will resist calls to start tightening policy against surging inflation but robust U.S. jobs data on Friday could seal the case for another Federal Reserve hike the week after. So, let’s […]

ANKARA A Syrian pilot whose plane crashed in Turkey on Saturday said in an initial statement to Turkish authorities that his aircraft was shot down on its way to strike rural areas near Idlib, which is in northern Syria, state-run Anadolu agency reported on Sunday. The Syrian airforce pilot who bailed out as his warplane crashed on Turkish territory was found by a Turkish rescue team and […]

Every gram of CO2 counts as carmakers race to cut emissions before tough new rules kick in Global carmakers, stung by emissions scandals, are racing to hunt down every gram of harmful CO2 spewed out on the roads as tougher pollution rules kick in. Auto manufacturers gearing up for Europe’s biggest annual car show in Geneva are celebrating the end of the sector’s crisis. European sales have […]

China’s banking system has surpassed the eurozone’s to become the world’s largest by assets, a sign both of the country’s increased influence in world finance and its reliance on debt to drive growth since the global financial crisis. While China’s gross domestic product surpassed the EU’s economic bloc in 2011 at market exchange rates, its banking system did not take over the top spot until the end […]

By Jussi Rosendahl | HELSINKI HELSINKI Finnish foreign minister Timo Soini said on Sunday he would step down as leader of the nationalist and eurosceptic Finns party in June, a move which could challenge the future of the country’s three-party government. The departure of Soini paves the way for a more hard-line leadership, surveys have suggested, as many of its core voters bridled at compromises he made […]

The 20th century was a bull market for literacy, freedom, prosperity, health, and technology. As a result of these gains, wealth has increased exponentially, and world poverty is now at all-time lows. Life expectancy continues to improve in most countries, global literacy is near 90%, and there are well over 100 democracies throughout the planet. But, as VisualCapitalist’s Jeff Desjardins notes, not every positive trend can keep […]

ISTANBUL A Syrian air force pilot who bailed out as his warplane crashed on Turkish territory has been found by a Turkish rescue team and is being treated at a hospital in the Hatay region, a hospital spokeswoman said on Sunday. Dogan news agency said the pilot, who crashed his plane on Sunday, had been found around 40 km (25 miles) from the wreckage. He was first […]

By Firas Maqdisi | PALMYRA, Syria PALMYRA, Syria Islamic State militants have severely damaged a major Roman monument in the ancient Syrian city of Palmyra, an antiquities official said after visiting the site on Saturday. Under heavy Russian air cover, the Syrian army and allied militias drove the jihadist group out of the UNESCO world heritage site on Thursday, two months after it had seized it in […]

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