June, 2016

• 20 June

  Austrian court hears far-right election challenge

    Vienna / AFP Austria’s highest court began a public hearing on Monday on a legal challenge to May’s presidential election brought by the far-right Freedom Party (FPOe), whose candidate only narrowly lost. The Constitutional Court’s open session was due to last four days and hear 90 witnesses. It aims to rule before the scheduled swearing-in of the election winner, Alexander ...

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• 20 June

  Belgium remains on high alert after weekend arrests

    BRUSSELS / AP Brussels remains on high alert with increased security after a weekend sweep which left three in jail facing terrorism charges. The MIVB metro system says a half dozen subway stations have reduced entry on request from authorities but all subway lines were running during the morning rush hour on Monday. On Saturday, authorities charged three men with ...

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• 20 June

  UK MPs to gather for tribute to slain lawmaker

  

    London / AFP British lawmakers prepared to pay tribute to a slain MP in a rare show of unity on Monday as the EU referendum campaign entered its final stretch with rival camps vying to seize the momentum. Politicians will return to parliament, which had been in recess, for a special sitting to pay tribute to Jo Cox, a ...

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• 20 June

  EU boosts Libya naval mission, to enforce arms embargo

    Luxembourg / AFP EU foreign ministers on Monday agreed to boost the bloc’s anti-people smuggling operation in the Mediterranean to include training of the Libyan coastguard and enforcing a UN arms embargo. Ministers also agreed to extend Operation Sophia’s mandate by one year, a statement said, as the European Union tries to stem a flood of migrants from North ...

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• 20 June

  6 dead, dozens injured in Mexico teachers’ protest

  

    Oaxaca / AFP Unknown gunmen opened fire as police and teachers clashed in southern Mexico during a protest that left six people dead and more than 100 injured, authorities said. The violence erupted as police threw tear gas at the protesters to end a week-long barricade that was blocking a road in Asuncion Nochixtlan, a town in Oaxaca state, ...

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• 20 June

  Burundi school kids deface portraits to defy president

    Nairobi / AFP A quiet protest movement is spreading in Burundi’s schools where hundreds of students have been suspended in recent weeks for defacing pictures of President Pierre Nkurunziza in textbooks. Scribbling on the presidential portraits contained in government-issue study guides is seen as an act of silent resistance against a regime that clings to power despite more than ...

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• 20 June

  Stocks advance with pound as Brexit chances retreat

  

    BLOOMBERG Global equities rallied and the pound strengthened the most since 2008 on signs the campaign for the U.K. to stay in the European Union was gaining momentum. The yen declined with U.S. Treasuries and gold as haven demand eased. The Stoxx Europe 600 Index headed for its biggest gain since August and emerging-market shares advanced for a second ...

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• 20 June

  EU exit alarms propel gold investors to near record rally wagers

  

    Bloomberg The turbulence sweeping global markets has reignited investors’ passion for gold. Global central bankers have sounded the alarm that a British exit from the European Union could be disruptive to the global economy. Anxiety about the June 23 vote contributed to more than $1 trillion of value being wiped from global equities last week as bullion futures reached ...

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• 20 June

  Brexit no Lehman to Europe strategists keeping stock calls

    Bloomberg British secession from the European Union is a market scenario that the region’s equity strategists are choosing not to factor into their forecasts — or at least, one they are expecting to have no catastrophic meaning for stocks. Even as global markets teetered last week and polls showed more U.K. voters leaning toward leaving the trading bloc, securities ...

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• 20 June

  Marine green shift shores up electric jet tenders

  

    ALKESH SHARMA / Emirates Business Green is the new mantra for success in the boats and yacht industry. UAE, which is undergoing a considerable surge in the sea-tourism segment owing to its picturesque coastline, is gradually taking firm strides towards the eco-friendly marine solutions in the yachting world. According to reports, as eco-friendly generation is fast multiplying and it ...

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