Mogadishu / AFP Shabaab extremists in Somalia have publicly executed four men they accused of spying, including one they claimed helped kill their supreme leader in a US drone strike, the Al-Qaeda-linked group and local sources said on Saturday. The executions took place on Friday evening in a village in the Bay region in the centre of the country, the ...

  Tripoli / AFP Forces allied with Libya’s unity government said on Saturday they had recaptured the port in the extremist stronghold of Sirte from IS group fighters who are now surrounded inside the city. The fall of Sirte, the hometown of ousted dictator Moamer Kadhafi, would be a major setback to the extremists who have also lost territory in ...

  Johannesburg/ AFP Disgraced South African Paralympic athlete Oscar Pistorius will appear in court on Monday for a sentencing hearing set to send him back to jail for murdering his girlfriend Reeva Steenkamp three years ago. The double-amputee killed Steenkamp, a model and law graduate, in the early hours of Valentine’s Day 2013, saying he mistook her for an intruder ...

  DHAKA/ AP Authorities have rounded up about 1,600 criminal suspects, including a few dozen believed to be radicals, in a nationwide crackdown aimed at halting a wave of brutal attacks on minorities and activists in Bangladesh, police said on Saturday. The attacks — including two Hindus in the last week — have alarmed the international community and raised questions ...

  Americans find it hard to imagine that the two-party system could ever break down. “Democracy works, this country works when you have two parties that are serious and trying to solve problems,” President Barack Obama said recently. Yet U.S. democracy and the country itself would be better served if politicians started acting as if there were more parties — ...

  With the U.K. set to vote on European Union membership in less than a month, economists, politicians and pundits are endlessly debating how an EU exit would affect the country’s economy. However, for many families, the types of figures being thrown about — which can run to the billions of pounds — may seem abstract and remote from their ...

  Anthony Kleven SPECIAL TO EMIRATES BUSINESS As the United States hosted the 7th Clean Energy Ministerial in San Francisco on June 1-2, the Obama administration sought to demonstrate global leadership on green energy and climate change. Those efforts, however, are being undercut by GOP presidential nominee Donald Trump and Republicans in Congress. Just a few days before the meetings ...

  Bloomberg The European Union will push back the completion of collateral rules for the multi-trillion-dollar swap market to the end of the year, breaking with US authorities who have set a September deadline for the biggest banks to comply. The European Commission, the EU’s executive arm, won’t be able to meet the deadline adopted by the US — and ...

  Bloomberg Peru kept borrowing costs unchanged after four increases in the past year as slowing inflation and a stronger sol give policy makers room to bolster growth. The central bank board, led by bank President Julio Velarde, held the key rate at 4.25 percent for a fourth consecutive month, matching the forecast of 11 of 12 economists surveyed. One ...

  Bloomberg Deutsche Bank AG and Credit Suisse Group AG may have to raise more capital because of the need to resolve US claims over the sale of mortgage-backed securities before the financial crisis, Barclays said as it downgraded the two banks. Deutsche Bank may face settlement payments of as much as US$4.5 billion, while Credit Suisse may have to ...