July, 2016

• 23 July

  Turkey extends police powers, shutters schools after botched coup

  

    Istanbul / AFP Turkey pushed on Saturday with a sweeping crackdown against suspects accused of taking part in the failed coup against President Recep Tayyip Erdogan, extending police powers to hold people in detention and shuttering over 1,000 private schools. A week after renegade soldiers tried to oust him with guns, tanks and F16s, Erdogan’s government has rounded up ...

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• 23 July

  India steps up search for missing military plane

    Chennai / AFP India on Saturday stepped up a major search operation for an air force plane that disappeared over the Bay of Bengal the day before with 29 people on board, as the defence minister headed to the region. The AN-32 military transport plane was on a routine flight from the southern city of Chennai to Port Blair, capital ...

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• 23 July

  China’s workforce may decline 23% by 2050

    Beijing / AFP The size of China’s workforce may decline by as much as 23 percent by 2050, a government official said, as the population of the world’s second-largest economy rapidly ages. China’s working age population, defined as those between the ages of 16 and 59, peaked in 2011 and would soon “experience a process of sharp decline”, particularly after ...

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• 23 July

  Munich gunman ‘obsessed’ with mass killings

  

    Munich, Germany / AFP The lone teenager who shot dead nine people in a gun rampage in Munich was “obsessed” with mass killers such as Norwegian rightwing fanatic Anders Behring Breivik and had no links to the IS group, police said on Saturday. Europe reacted in shock to the third attack on the continent in just over a week, after ...

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• 23 July

  64 dead as IS claims twin blasts during Kabul protest

    Kabul / AFP IS extremist group claimed responsibility for twin explosions on Saturday that ripped through crowds of Shiite Hazaras in Kabul, killing at least 64 people and wounding 265 others in their first major attack in the Afghan capital. The bombings, apparently aimed at sowing sectarian discord in a country well known for Shia-Sunni harmony, came as thousands of ...

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• 23 July

  Clinton picks senator Kaine for running mate

  

    Washington / AFP Hillary Clinton tapped Tim Kaine, a popular Spanish-speaking senator from the swing state of Virginia, to be her running mate in the White House showdown against Donald Trump. The pick comes three days before the start of the Democratic National Convention in Philadelphia, where Clinton — and now Kaine — will be elevated as the nominees ...

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• 23 July

  ‘Cambodia blocking ASEAN consensus on South China Sea’

    Vientiane, Laos / AFP Staunch China ally Cambodia is preventing Southeast Asia from reaching a consensus on the South China Sea after an international tribunal rejected Beijing’s territorial claims to the waters, a diplomat said on Saturday. The Association of Southeast Asian Nations (ASEAN) is meeting in Laos for the first time since the UN-backed tribunal ruled earlier this month ...

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• 23 July

  PayPal,Visa unveil pact on fees and data

  

    Bloomberg PayPal Holdings Inc and Visa Inc just made up after more than a decade sparring over the future of digital payments. The two companies announced an agreement in which PayPal will stop discouraging customers from linking accounts to Visa cards and share more data with the card network in exchange for “long-term Visa fee certainty” and other incentives. ...

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• 23 July

  Dollar bulls would be wise not to count on Fed: Citigroup

  

    Bloomberg The world’s largest currency trader says forget about the Federal Reserve driving the dollar higher, even if the central bank does raise interest rates later this year. The greenback, which strengthened for a third week for the first time since May, is more likely to trade on evidence of US economic growth than on what the central bank ...

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• 23 July

  JPMorgan to stop settling govt securities for dealers

  

    Bloomberg JPMorgan Chase & Co plans to exit the business of settling government securities for most dealers by the end of 2017, including some transactions in a key corner of the US$1.6 trillion repurchase-agreement market. The departure from the business of facilitating settlement of such trades with 30 dealers and broker-dealers, a fraction of the bank’s hundreds of clients, ...

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