London / AFP Britain’s referendum vote to quit the European Union is starting to bite hard, with the property sector fast losing investor confidence and banks offered a helping hand to boost lending. Data meanwhile has shown the British economy taking a knock already in the run-up to Brexit, with business confidence hitting a 3.5-year low in June, according ...
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Leave vote hurts outlook for UK fisheries as trade uncertain
Bloomberg The U.K.’s vote to leave the European Union will make it harder for British seafood exporters to compete with other countries, according to the United Nations’ Food & Agriculture Organization. Four of the top five importers of British seafood exports are nations in the EU, according to data from industry group Seafish. While it’s uncertain what kind of ...
Read More »Australia’s PM faces tough road ahead after re-election
Sydney / AFP Australia’s Prime Minister Malcolm Turnbull on Sunday declared victory for the ruling conservatives after the Labor opposition conceded defeat, but faced a tough time ahead after the narrow mandate in the closely fought election. The declaration ended eight days of uncertainty about the new government’s identity. A tight race between the two major parties left neither ...
Read More »Abe set to win majority in upper house poll: NHK
Bloomberg Japanese Prime Minister Shinzo Abe’s conservative ruling coalition and its allies appear set to win a majority in Sunday’s upper house election, an NHK exit poll showed, though it’s unclear if they’ll gain the two-thirds majority allowing him to press ahead with plans to revise the pacifist constitution and assemble a package of fiscal stimulus. Abe’s Liberal Democratic ...
Read More »IS territory shrinks 12 percent since start of 2016: IHS
Beirut / AFP The IS extremist group lost 12 percent of the territory it holds in Iraq and Syria in the first half of 2016, according to an analysis by British think-tank IHS. The analysis published on Sunday says the extremist group, which proclaimed its self-styled “caliphate” in the two countries in 2014, is continuing to lose ground after ...
Read More »Prominent Cambodian critic gunned down in daylight hit
Cambodia / AFP A prominent Cambodian political analyst known for his trenchant criticism of the government was shot dead Sunday morning at a convenience store, police said. The daylight slaying of Kem Ley comes at a time of heightened tensions between strongman premier Hun Sen and the country’s political opposition, who accuse the prime minister of launching a fresh ...
Read More »15 dead from floods in central India
New Delhi / AFP Flash floods from torrential downpours in the in the central Indian state of Madhya Pradesh have killed 15 people, with seven deaths over the weekend, and left thousands of people displaced, authorities said on Sunday. Indian news channels on Sunday showed footage of inundated cities in the state, with residents forced to wade through through ...
Read More »18 dead, 200 injured as police, protesters clash in Kashmir
Srinagar / AFP Protesters and government forces in Indian Kashmir clashed for a second day on Sunday as anger over the death of an influential rebel leader boiled over, with 18 people killed in some of the worst civilian unrest to hit the region since 2010. Another 200 people have been wounded in the violence, many of them protesters ...
Read More »Bangladesh bans TV station, tracks students after attacks
Dhaka / AFP Bangladesh moved to counter a deadly wave of extremist attacks Sunday, ordering an Islamic television station to stop broadcasting and telling schools to report any missing students. The measures come after several extremists were reported to be fans of the television channel, while others were found to be from elite universities but had been missing for ...
Read More »Obama meets Spanish King on symbolic but curtailed trip
Madrid / AFP Barack Obama met Spain’s King Felipe in Madrid on Sunday, during a symbolic but abbreviated first presidential trip to Spain in the wake of America’s latest spasm of violence. Obama is squeezing in a visit to a key NATO and EU partner before dashing home to deal with the aftermath of a wrenching shooting in Dallas. ...
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