Classic Layout

Gunfights rock Kashmir on Independence Day

  Srinagar / AFP A police paramilitary commander was shot dead in Kashmir’s main city while at least two suspected separatist militants were killed in gun-battles on Monday as violence flared in the disputed Himalayan region on Indian Independence Day. The unnamed commander was critically injured in an ambush and died in hospital, a senior officer of India’s Central Reserve Police ...

Read More »

Saudi-led coalition to allow aid flights to Sanaa

  Riyadh / AFP The Saudi-led coalition battling rebels in Yemen said it would allow humanitarian flights into Sanaa’s international airport from Monday, after several days’ closure due to renewed hostilities around the capital. “Sanaa international airport will be reopened to United Nations flights and those of other agencies from Monday,” a coalition statement said. The airport in the rebel-held capital ...

Read More »

5 dead, 20,000 rescued in Louisiana floods

  Washington / AFP Emergency crews in flood-devastated Louisiana have rescued more than 20,000 people after catastrophic inundations that left at least five dead, news reports said on Monday. As many as 10,000 people are living in shelters after a weekend of torrential rains that has prompted the federal government to declare a disaster, according to Louisiana governor John Bel Edwards. ...

Read More »

51 hacked to death in DR Congo

  Goma / AFP Civil society groups in the Democratic Republic of Congo on Monday said the number of people hacked to death in the restive east this weekend has risen to 51. “Our team on the ground has counted 51 bodies slain with machetes,” said Teddy Kataliko, a member of a local alliance of NGOs and unions working in the ...

Read More »

The brave new world of robots and lost jobs

  Job insecurity is a central theme of the 2016 campaign, fueling popular anger about trade deals and immigration. But economists warn that much bigger job losses are ahead in America — driven not by foreign competition but by advancing technology. A look at the numbers suggests that America is having the wrong debate this year. Economic security won’t come ...

Read More »

Private equity falls head over heels

  The buyout Masters of the Universe are getting creative in Silicon Valley. This year, technology companies have made up about 19 percent of all US private equity buyouts, the industry’s largest share of PE deals since at least 2004, according to Bloomberg data. Some of the eye-catching private equity tech takeovers in 2016 were Thoma Bravo’s $3 billion buyout ...

Read More »

Junk-bond bears to the world

  The junk-bond bears have been terribly wrong this year. But they’re sticking with their pessimistic calls. Distressed-debt investor Anchorage Capital, for example, which lost 1.48 percent in the first six months of the year, has urged clients to start preparing for a downturn, Bloomberg News reported Thursday. The founders of rival King Street expressed a similar sentiment in a ...

Read More »

Doubts over Abenomics as Japan’s economy stalls

  Data shows that Japan’s economy stalled in the April-June quarter. It has missed the market forecasts and reignited worries about the government’s bid to prop up economy. Tokyo stocks fell after hitting their highest levels for over two months in the previous session. Japanese Prime Minister Shinzo Abe recently announced a massive 28 trillion yen ($276 billion) package aimed ...

Read More »

Religious liberty is different for the military

  How much leeway should Marines have to express their religious beliefs? According to Congress, religious liberty laws apply with full force to the military. But last week the highest court in the armed forces put some limits on claims by active-duty personnel. Those limits cut against recent trends in Supreme Court jurisprudence — but they make a lot of ...

Read More »
Send this to a friend