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ECB must tighten screws as soon as justified, says Bundesbank chief

  Frankfurt / AFP The European Central Bank (ECB) must not allow low interest rates and monetary stimulus to last indefinitely, the head of Germany’s Bundesbank (central bank) said on Monday. “Under no circumstances can interest rates remain so low for longer than is absolutely necessary with regard to price stability,” Bundesbank president Jens Weidmann told a group of European ...

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Putin’s party scores crushing win

  Moscow / AFP Russia’s ruling United Russia party has won a record number of seats in parliamentary polls that could pave the way for President Vladimir Putin to glide to a fourth term in 2018 elections. With more than 98.3 percent of the ballots counted, United Russia had garnered 54.2 percent of the votes for parties, giving it a ...

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US ‘friendly fire’ kills 8 Afghan cops

  Kandahar / AFP A US air raid has killed eight Afghan policemen in the country’s volatile south, officials said on Monday, in the first apparent “friendly fire” incident since American forces were granted greater powers to strike at insurgents. The incident occurred on Sunday in the Tali area of Uruzgan province, where the Taliban recently attempted to overrun the capital ...

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