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Greece starts evacuating border camp as new arrivals slow

Athens / afp Greece has begun evacuating migrants from the main Idomeni camp on the Macedonia border, while the flow of refugees arriving on Aegean islands has slowed to a trickle, officials said on Saturday. Eight buses transported around 400 refugees from Idomeni to nearby refugee camps Friday, local police sources said. A dozen more buses were waiting for migrants ...

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N. Korea video depicts imagined submarine attack on Washington

Seoul / AFP North Korea released a new propaganda video on Saturday menacingly titled “Last Chance”, showing a submarine-launched nuclear missile laying waste to Washington and concluding with the US flag in flames. The four-minute video romps through the history of US-Korean relations and ends with a digitally manipulated sequence showing a missile surging through clouds, swerving back to the ...

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Banks’ scope on credit risk narrows significantly as Basel tightens rules

Bloomberg Banks’ latitude in assessing their biggest source of risk is set to be curtailed as global regulators try to prevent the financial industry from gaming capital requirements. The Basel Committee on Banking Supervision has proposed to remove the option for lenders to use their own models to determine how much capital they need to fund exposures to financial firms, ...

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