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US tech billionaires lead 2016 gains to reshape wealth ranks

  Bloomberg Technology billionaires are making a run for the top of the global wealth rankings as surges for Facebook Inc., Amazon.com Inc. and Google parent Alphabet Inc. added $5.6 billion to their founders’ fortunes this week. Google co-founders Larry Page and Sergey Brin gained a combined $2.7 billion after the search engine’s ad business reported a growing user base ...

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Uber can’t force arbitration over pricing antitrust claim

  Emirates Business Uber Technologies Inc. can’t require a Connecticut customer accusing the company of price-fixing to resolve the fight in arbitration, a federal judge ruled in one of several cases challenging the ride-hailing company’s efforts to steer disputes of all kinds away from public courtrooms. U.S. District Judge Jed Rakoff in Manhattan said Friday that Uber’s online user agreement ...

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Turkey dismisses 1,400 troops

  Ankara / AFP Turkey’s government on Sunday dismissed nearly 1,400 military personnel, including a top aide to President Recep Tayyip Erdogan, in the latest round of a sweeping purge following a failed coup. The announcement in the official gazette came as Erdogan sought to tighten his grip over the country by bringing the armed forces and spy agency under his ...

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S Sudan war criminals to face justice: US

  Washington / AFP Washington has warned that those who perpetrate atrocities in South Sudan’s civil war will be held responsible for their crimes. The United States served as a midwife in the creation of the South Sudan, formed in July 2011 by partitioning Sudan. But South Sudan descended into war in December 2013, and a peace deal signed last year ...

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Yemen govt accepts UN peace deal

  Kuwait City / AFP The Yemeni government said Sunday it has accepted a UN-proposed peace agreement to end more than a year of armed conflict, but there has been no word from the rebels. The announcement by the Saudi-backed government came after a high-level meeting in Kuwait’s capital chaired by Yemen’s President Aberabbo Mansour Hadi. “The meeting approved the draft ...

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Russian economy edges near end of recession as contraction eases

  Bloomberg Russia’s economy contracted the least since it slipped into recession at the start of last year as industry and farming added to oil’s biggest quarterly gain since 2009 to steady the world’s biggest energy exporter. Gross domestic product shrank 0.6 percent in the second quarter from a year earlier after a decline of 1.2 percent in the previous ...

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Gulf soft on oil, Q2 results

  DUBAI / Reuters Stock markets in the Gulf were soft in early trade on Sunday, weighed down by weak oil prices and a lacklustre set of second-quarter corporate results. Riyadh’s stock index lost 0.2 percent after 40 minutes of trade as the petrochemical sector dropped 0.4 percent. The September Brent oil contract settled at $42.46 a barrel on Friday, ...

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Zombies take over Umbrella Revolution

  AFP Hong Kong’s 2014 pro-democracy “Umbrella Revolution” was re-imagined as a zombie apocalypse by gamemakers who transformed politicians and protesters into the walking dead using virtual reality technology at a comic and games expo recently. Teenagers and video game enthusiasts packed the Ani-Com show at the city’s harbourfront convention centre and queued for “Hong Kong Infected”, where they shot ...

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