September, 2016

• 3 September

  Deutsche Bank CEO weighs drastic steps as revamp sputters

  

    Bloomberg John Cryan is going back to the drawing board after Deutsche Bank AG lost more than half its market value since he unveiled his overhaul last year. The chief executive officer and his top managers will meet this weekend to assess progress on the reorganization, said a person familiar with the matter. Deutsche Bank held talks over a ...

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• 3 September

  ICBPI hires UniCredit’s top official as CFO

    Bloomberg Istituto Centrale delle Banche Popolari Italiane (ICBPI) SpA, the Italian banking-services provider owned by private-equity firms, hired Bernardo Mingrone from UniCredit SpA as chief financial officer, according to people with knowledge of the matter. Mingrone will reorganize and develop ICBPI to prepare for a direct sale or a listing in the next three years, said one of the ...

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• 3 September

  More Turkish tanks enter Syria in new front offensive

  

    Ankara / AFP Turkey on Saturday sent more tanks into the northern Syrian village of al-Rai to fight IS extremists, opening a new front after its intervention last month against the group, state media reported. The tanks crossed into the village from Elbeyli in the Turkish province of Kilis to provide military support to Syrian opposition fighters after ridding northern ...

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• 3 September

  Reporter shot in Syria claims gunman now US-backed rebel

    London / AFP A reporter for Britain’s Times newspaper who hit the headlines after being kidnapped and shot in Syria said on Saturday that a recent Facebook video appeared to show the gunman was now a US-backed rebel. Anthony Loyd was seized along with photographer Jack Hill in 2014 as they were returning to Turkey after several days working in ...

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• 3 September

  Myanmar peace summit ends with long road ahead

    Naypyidaw/ AFP Myanmar’s Aung San Suu Kyi concluded a landmark peace summit with ethnic rebels on Saturday, calling it the first step on what promises to be a tough road to peace. The conference in the capital Naypyidaw was Suu Kyi’s first big drive to end ethnic minority insurgencies that have rumbled across Myanmar’s frontier states for nearly seven decades. ...

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• 3 September

  Aby Sayyaf bomb kills 14 in Philippine’s Davao

  

    Davao / AFP Philippine authorities on Saturday blamed a notorious group of militants for the bombing of a night market in President Rodrigo Duterte’s home town that killed at least 14 people. An improvised explosive device tore through the bustling market in the heart of Davao city and close to one of its top hotels just before 11:00pm (1500 GMT) ...

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• 3 September

  Putin calls to lower Korea peninsula tensions

    Vladivostok / AFP Russian President Vladimir Putin on Saturday urged both sides on the Korean peninsula to calm tensions after meeting South Korean leader Park Geun-hye. “Obviously we need to avoid any provocations or enflaming the situation,” Putin said at a statement to the press in the far eastern city of Vladivostok. “It is necessary to lower the level of ...

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• 3 September

  Uzbekistan buries late strongman President Islam Karimov

  

    Samarkand / AFP Uzbekistan laid strongman President Islam Karimov to rest on Saturday amid tight security, after his death triggered the deepest period of uncertainty in the country’s post-Soviet history with no clear successor in view. Karimov, 78, was pronounced dead late Friday after suffering a stroke last weekend and falling into a coma, authorities said, following days of speculation ...

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• 3 September

  Rice follows Kissinger’s playbook in China

  

    Susan Rice is the latest national security adviser to inherit the framework of Sino-American relations that was created in 1972 by Henry Kissinger: The Chinese ever since have wanted to deal directly and discreetly with the White House as they pursue a relationship that’s somewhere between cooperation and confrontation. Rice will be channeling Kissinger when she travels with President ...

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• 3 September

  Escaping the dreaded national middle-income trap

    In the age of colonialism, there were mainly two kinds of countries: empires that controlled their economic destinies, and colonies, which were denied the chance to industrialize. After World War II and the end of colonialism, a different divide emerged — many countries were trapped behind the Iron Curtain, held back by inefficient communist systems. Meanwhile, the capitalist countries ...

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