September, 2016

• 6 September

  Swiss economy grows at fastest pace

    Bloomberg Swiss economic momentum accelerated in the second quarter, exceeding that of the euro area and hitting its fastest pace since 2014. Gross domestic product rose 0.6 percent in the three months through June, after gaining a revised 0.3 percent in the prior quarter, the State Secretariat for Economic Affairs in Bern said on Tuesday. That jump, helped by ...

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• 6 September

  Volkswagen to take big stake in Navistar

    Bloomberg Volkswagen AG will buy a 16.6 percent stake in Navistar International Corp. for $256 million as part of a strategic alliance with the struggling US truckmaker to enter the North American market. VW will pay $15.76 per share for the stake, which is part of a collaboration that includes technology sharing and joint purchasing, Navistar said on Tuesday. ...

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• 6 September

  After setbacks, IS extremists dig in with focus on deadly attacks

  

  Beirut / AFP Despite major setbacks including the loss of access to the Syria-Turkey border and the assassination of several top leaders, the IS group remains a potent force, analysts warn. The increasing pressure on IS, including Turkey’s decision to launch an operation against it in northern Syria, has seen the organisation lose ground at an unprecedented pace. But the extremist ...

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• 6 September

  IS announces death of Australian extremist in Syria

    Beirut / AFP The IS group has announced the death in Syria of an Australian extremist convicted over a 2005 plot to bomb the Melbourne Cricket Ground, in a new English-language magazine. Ezzit Raad, who travelled to the Middle East after serving time in jail, died fighting for IS in Manbij near the battleground city of Aleppo in northern ...

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• 6 September

  Turkey seeks arrest of teachers using ’Gulen app’

    Istanbul / AFP Turkish prosecutors on Tuesday issued arrest warrants for almost 150 teachers who allegedly used an encrypted messaging app employed by followers of the US-based Muslim preacher authorities blame for the botched coup bid, state media said. Police in the central Anatolian city of Kayseri launched an operation with 400 officers in a bid to detain 147 ...

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• 6 September

  First Paris refugee camp to open in mid-October

  

    Paris /AFP Paris will open its first refugee camp in mid-October, Mayor Anne Hidalgo said on Tuesday, unveiling plans to take hundreds of people off the streets as France struggles to accommodate migrants. The emergency shelter, which will have an initial capacity of 400 and be solely for men, will be housed on an old railway site in the ...

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• 6 September

  Abbas: No meeting with Netanyahu in Moscow

    Warsaw / AFP Palestinian president Mahmud Abbas said on Tuesday that an aide to Israeli Prime Minister Benjamin Netanyahu had suggested delaying a proposed meeting between the two leaders in Moscow on Friday. “Netanyahu’s representative proposed to delay this meeting to a later date. So the meeting will not happen,” Abbas said at a joint press conference in Warsaw ...

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• 6 September

  Global charity attacked in wave of Kabul violence

  

    Kabul /AFP Explosions rang out on Tuesday during an hours-long attack on an international charity in Kabul, the latest assault in a wave of violence in the Afghan capital that has killed at least 24 people and wounded dozens. The assault on CARE International began late Monday with a massive car bombing, just hours after the Taliban carried out ...

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• 6 September

  Protester killed in fresh Indian Kashmir clashes

    Srinagar / AFP A protester died from pellet gun injuries during fresh clashes with security forces on Tuesday in Indian Kashmir, a hospital official said, a day after the government said it would replace the weapons. The 21-year-old man was killed during clashes in Anantnag district southeast of the main city of Srinagar, in which police said scores were ...

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• 6 September

  Singapore to remain vigilant against money-laundering

  

    Bloomberg Singapore has increased inspections of banks’ anti-money-laundering and terrorism- financing controls as it steps up enforcement actions against misconduct in the industry, the head of the central bank said. Financial institutions must promote constant vigilance and set the right moral tone, Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), said at an event hosted by ...

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