Bloomberg Billionaire Guo Guangchang called China’s peer-to-peer lending industry “basically a scam,” arguing that players in the multi-billion dollar sector, troubled by collapses and frauds, lack the ability to price risk. Guo was responding to a question at a post-earnings briefing by his conglomerate Fosun International Ltd. in Hong Kong about any P2P investments by the firm. Chief Financial ...

  Beirut / AFP Top IS group strategist Abu Mohamed Al Adnani has been killed in Syria, the group said, robbing the extremists of their propaganda chief and a key architect of attacks in the West. The United States said coalition forces had targeted Adnani, who had a $5 million bounty on his head, in an air strike in Aleppo ...

  Tehran / AFP Key Damascus supporter Tehran urged Ankara on Wednesday to quickly wrap up its week-old military intervention in Syria, saying it was an “unacceptable” violation of Syrian sovereignty. Turkey’s cross-border offensive, which it says is aimed against US-backed Kurdish militia as well as the IS extremist group, marks the first major ground intervention by a foreign power carried ...