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Philippines seizes N Korean ship under UN sanctions

Manila / AFP The Philippines said on Saturday it had impounded a North Korean vessel in response to tough new United Nations sanctions introduced in response to Pyongyang’s recent nuclear and ballistic missile tests. The 6,830-tonne cargo ship Jin Teng will not be allowed to leave Subic port, northeast of the capital Manila, where it had been docked for three ...

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US presses UNSC to confront sex abuse by peacekeepers

UNITED NATIONS / AP The United States is pressing the UN Security Council for the first time to confront the escalating problem of sexual abuse and exploitation by UN peacekeepers, which has undermined the organization’s credibility. The United States is the biggest financial contributor to UN peacekeeping operations, and US officials said the Obama administration wants the council to send ...

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Frontier Airlines to hire Barclays, Deutsche Bank services for IPO

DENVER / Bloomberg Frontier Airlines Inc., a no-frills carrier, hired underwriters for an Initial Public Offering (IPO), people with knowledge of the matter said. Frontier, owned by private equity firm Indigo Partners, is working with Barclays Plc, Deutsche Bank AG and JPMorgan Chase & Co. on the IPO, said the people, who asked not to be identified because the discussions ...

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