REUTERS The African nation of Gabon wants to rejoin OPEC after more than two decades, two OPEC sources said, becoming the second former member in a year to seek a return to the oil exporters’ group just as it is taking the first steps in years to prop up prices. If it returned, Gabon would be the smallest producer ...
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US urges Russia to halt Assad Aleppo attack as truce frays
Bloomberg The US is urging Russia to help halt an offensive by President Bashar Al Assad’s forces on rebel-held Aleppo, once the most populous city in Syria, warning that it’s putting an almost seven-week cease-fire under increasing strain. The Obama administration expressed its strong concerns to Russia, which committed to not participate in any attacks on groups which are adhering ...
Read More »EU foreign policy chief visits Iran
Tehran / AFP The European Union’s top diplomat Federica Mogherini arrived in Tehran on Saturday on her first visit since a nuclear deal between Iran and world powers came into force as tensions surface over its implementation. Mogherini, who was the lead negotiator for the six powers who struck the deal, was accompanied by other top EU officials. She ...
Read More »Afghan forces repel attack on Kunduz
KABUL /Â AFP Officials say Afghan forces have repelled a Taliban assault on the northern city of Kunduz, which the insurgents had briefly seized last year. Gen. Qasim Jangalbagh, the provincial police chief, said on Saturday that security in Kunduz city has improved and that the Taliban were defeated in other parts of Kunduz province. Abdul Wasay Basil, spokesman for ...
Read More »Iraq MPs quit session aimed at replacing speaker
Baghdad /Â AFP A group of Iraqi lawmakers said they would not take part in a Saturday parliament session to select a replacement for the speaker, apparently leaving it without the necessary quorum. Iraq was on course to have two rival claimants to the speakership, further increasing chaos in parliament, which has already seen a vote to sack speaker Salim Al ...
Read More »UNSC strongly condemns North Korea missile test
United Nations / AFP The UN Security Council strongly condemned North Korea’s test-firing of a missile on Friday, saying that the launch violated UN resolutions even if it was a failure. The council demanded that North Korea refrain from further actions in violation of resolutions barring Pyongyang from developing ballistic missile technology. In a unanimous statement, the council said ...
Read More »Thousands mark 2nd anniv of S Korean ferry disaster
SEOUL / AP Thousands of South Koreans participated in memorial events on Saturday for the more than 300 people who died in a ferry disaster two years ago that deeply rattled the country. Hundreds of people, carrying umbrellas in light evening rain, created long lines at a square in the capital, Seoul, waiting to place flowers on a makeshift altar ...
Read More »4 Indonesian sailors kidnapped off Malaysia
Kuala Lumpur / AFP Gunmen have abducted four Indonesian sailors and shot and wounded one crew member on the high seas off the east coast of Malaysia’s Sabah state, waters where Abu Sayyaf militants are known to operate, a senior police official said on Saturday. If the Philippines-based Abu Sayyaf is confirmed to be behind the kidnapping off Borneo, ...
Read More »Ferrari’s luxury goals face policy reset as Prada hits skids
Bloomberg Ferrari NV’s ambition to compete with luxury-goods brands like Hermes or Prada has failed to make headway in the six months since its initial public offering, raising pressure on the new board to reset the sports-car maker’s strategy. Scepticism over the company’s prospects has caused the stock to tumble about 20 percent since its October listing. The new board ...
Read More »Spain sells off ‘ghost airport’
Madrid / AFP Spanish judicial authorities revealed that the ‘ghost airport’ of Ciudad Real, a symbol of the country’s financial excess in the boom years, had been sold off for 56 million euros ($62 million). Spain’s construction and property sectors boomed until the downturn hit seven years ago and one victim was the airport, initially touted as an alternative ...
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