September, 2016

• 5 September

  Drone strike kills 7 Qaeda suspects in Yemen

    Aden / AFP A possible US drone strike killed seven suspected Al-Qaeda operatives in central Yemen, a security official said. The official said a missile fired by what was “probably an American drone” hit an apartment building in the Al-Wadi area of Marib province, east of the capital Sanaa, killing seven people late Sunday. The United States, which rarely acknowledges ...

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• 5 September

  Tunis Libya meet discusses power struggle, extremist threat

    Tunis / AFP Libyan politicians began on Monday two days of UN-brokered talks in Tunis to discuss power struggles and extremist threats that are undermining stability in the oil-rich country. The members of the Libyan Political Dialogue signed in December 2015 a political agreement that established the UN-backed Government of National Accord (GNA). But nine months on, the GNA led ...

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• 5 September

  N Korea test-fires 3 ballistic missiles: Seoul

  

    Seoul / AFP North Korea test-fired three ballistic missiles into the sea on Monday, South Korea said, in a new show of force as world leaders meet at the G20 summit in China. The missiles were fired into the Sea of Japan (East Sea) from the North’s Hwangju county at around 0300 GMT, a spokesman for Seoul’s defence ministry ...

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• 5 September

  Twin Taliban suicide blasts in Kabul kill 24, wound 91

    Kabul / AFP At least 24 people were killed and 91 wounded on Monday in a Taliban double suicide bombing in central Kabul during late afternoon rush hour, the latest assault on the Afghan capital. The carnage near the defence ministry came as the Taliban ramp up their nationwide summer offensive against the US-backed government. The two bombers on ...

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• 5 September

  Hong Kong anti-China activists celebrate vote poll victory

  

    Hong Kong / AFP A new generation of young Hong Kong politicians advocating a break from Beijing became lawmakers for the first time on Monday in a result likely to rattle China. It was the biggest poll since mass pro-democracy rallies in 2014 failed to win concessions on political reform, leading to the emergence of a slew of new parties ...

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• 5 September

  India’s central bank chief warns against low rates worldwide

  

    Mumbai / AFP India’s outgoing central bank chief Raghuram Rajan warned countries against a rush to low interest rates as his tenure as governor of the Reserve Bank of India came to an end. Rajan, who famously predicted the 2008 global financial crisis, told the New York Times that central banks across the world would find it hard to ...

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• 5 September

  Iran banks to set up in Germany

  

    Tehran/ AFP Two private Iranian banks will open branches in Munich, officials confirmed on Monday, as the Islamic republic looks for ways around ongoing barriers to international financing. The central bank announced late on Sunday that Middle East Bank and Sina Bank would set up in Germany’s Bavaria state, following a visit by local economy minister Ilse Aigner to ...

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• 5 September

  India’s cenbank opens door to Islamic finance

    Reuters India’s central bank has proposed working with the government to introduce interest-free banking to tackle financial exclusion for religious reasons, potentially opening Islamic finance to the largest Muslim minority population in the world. The Reserve Bank of India (RBI) made the proposal in its annual report last week, as departing central bank governor Raghuram Rajan hands over the ...

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• 5 September

  Axa mulls 650 insurance job cuts in Belgium

    Bloomberg Axa SA is considering cutting 650 jobs in Belgium over the next two years, as Europe’s second-largest insurer overhauls its range of products sold in the country. Axa Belgium has presented the plan to unions Monday, Jef Van In, head of the unit, said in a statement Monday. The reductions would represent 15 percent of its insurance employees ...

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• 5 September

  Barclays to name new man to run investment bank

  

    Bloomberg Barclays Plc is close to naming JPMorgan Chase & Co.’s Tim Throsby to run the corporate and international division, including overseeing the investment bank, which will fill the final vacancy on Chief Executive Officer Jes Staley’s top management team, according to two people with knowledge of the talks. Barclays may announce the appointment over coming days, said one ...

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