MOGADISHU / AP A Somali police officer says a blast at a busy market in the western part of Somalia’s capital killed at least 15 people. Capt. Mohamed Hussein said the powerful blast thought to be from a car bomb tore through shops and food stands in Mogadishu’s Madina district Sunday. He said the bomb also wounded more than ...
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US slams Russia over Ukraine rebel ‘documents’
MOSCOW / AP The United States says it is disturbed by Russia’s decision to recognize passports and other documents issued by rebel authorities in eastern Ukraine. The recognition, in an order signed by President Vladimir Putin that was announced on Saturday, “is alarming and contradicts the agreed-upon goals of the Minsk Agreement,” the U.S. Embassy in Ukraine said on ...
Read More »UN Syria envoy Mistura seeks momentum in Geneva talks
MUNICH / AP The UN envoy for Syria says he’s hoping upcoming peace talks in Geneva produce new momentum and that much depends upon the position the U.S. decides to take. Staffan de Mistura said on Sunday “the big question mark is where is the US.?” He told the Munich Security Conference “we have to push for momentum” at ...
Read More »Italy’s Renzi resigns as party chief, seeks renewed mandate
ROME / AP Former Italian Premier Matteo Renzi has resigned as Democratic Party leader in a bid to win a fresh, stronger mandate before the national election in which populist political forces are positioned to pose the biggest challenge. As promised, Renzi told fellow Democratic leaders at a meeting on Sunday that he was resigning. But Renzi insisted he ...
Read More »Revived by rally, Trump turns back to governing
WEST PALM BEACH / AP One day after delighting in a massive campaign-style rally, President Donald Trump is turning back to the business of governing. Trump, who is spending the weekend at his private club in Florida, plans to spend Sunday interviewing at least four candidates to be his new national security adviser. The meetings come as he seeks ...
Read More »Iran flays new US pressure, calls for ‘mutual respect’
MUNICH / AP Iran’s foreign minister brushed aside new pressure from the United States on Sunday, declaring that his country is “unmoved by threats” but responds well to respect. President Donald Trump has repeatedly criticized the 2015 nuclear agreement between Iran, the US and five other world powers, under which Tehran agreed to curb its uranium enrichment in exchange ...
Read More »Malaysia searches for 4 N Korean ‘suspects’
KUALA LUMPUR / AP Investigators are looking for four North Korean men who flew out of Malaysia the same day Kim Jong Nam, the North Korean ruler’s outcast half brother, apparently was poisoned at an airport in Kuala Lumpur, Malaysian police said on Sunday. Since Kim’s death last week, authorities have been trying to piece together details of what ...
Read More »Gambia’s new president commits to end human rights abuses
BANJUL / AP As Gambia enters a new era of democracy, President Adama Barrow has reiterated his commitment to ending human rights abuses in the country. “Orders have already been given for all those detained without trial to be released,” he said on Saturday before thousands of Gambians who gathered at Independence Stadium Saturday to witness his official inauguration ...
Read More »Two cheers for a carbon tax
By all means, let’s have a carbon tax. It’s the best way to deal with global climate change. It would require Republicans and Democrats to compromise — a good thing — and would provide revenues for a government that desperately needs more revenue. Fine. But let’s not pretend that a carbon tax is a panacea for either climate change ...
Read More »Broken deals don’t have to leave banks so broken-hearted
Clients come first. In investment banking, a world where dealmakers spend years (or even decades) cultivating relationships with company executives, that mantra rings loud and clear. Bankers advising on mergers and acquisitions have historically tied their fates to that of clients, generally pocketing the bulk of their fees only when a deal crosses the finish line. It’s an outcome ...
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