Mogadishu / AFP Special forces operatives in two helicopters staged an overnight raid on Somalia’s Shebab insurgents, government officials and the Al-Qaeda-linked gunmen said on Wednesday. The raid, reportedly by foreign troops, targeted the Shebab-controlled town of Awdhegele, some 50 kilometres (30 miles) west of Somalia’s capital Mogadishu. “There was an operation by Special Forces late last night around Awdhegele ...

Hong Kong / AFP Hong Kong flag carrier Cathay Pacific said net profit almost doubled last year as tumbling oil prices slashed fuel costs and boosted passenger numbers, although global demand dented the cargo unit. With fuel accounting for a huge chunk of most airlines’ outlay, the slump in crude since mid-2014 has provided a much-needed boost to their bottom ...

Philadelphia / Bloomberg Urban Outfitters Inc. shares rose the most in more than three years after fourth-quarter profit topped analysts’ estimates, helped by a shift toward higher-margin merchandise. Excluding some items, earnings were 61 cents a share, the Philadelphia-based retail chain said in a statement on Monday. Analysts had projected 56 cents on average, according to data compiled by Bloomberg. ...