Herat / AFP Taliban militants attacked a group of 12 American and European tourists escorted by an Afghan army convoy in western Herat province on Thursday, leaving at least seven people wounded as the insurgents step up nationwide attacks. The tourists — eight British, three Americans and one German national — were ambushed by Taliban gunmen in the restive ...
Read More »France voices impatience over EgyptAir crash probe
Paris / AFP France’s top diplomat has told his Egyptian counterpart that the French families who lost loved ones in the May 19 EgyptAir crash are impatient for answers, the foreign ministry said Thursday. French Foreign Minister Jean-Marc Ayrault, in a telephone conversation on Wednesday, “reminded” his Egyptian counterpart Sameh Choukri “of the difficult situation of the families waiting ...
Read More »Tremors from Turkey coup rattle US, EU
Istanbul / AFP From the roads of Pennsylvania and corridors of power in Washington to the public squares of Cologne and EU offices in Brussels, the shockwaves from the July 15 failed coup have gone well beyond Turkey. The aftermath of the coup that aimed to unseat President Recep Tayyip Erdogan has prompted a drastic sharpening in Turkish rhetoric ...
Read More »Goldman Sachs fined $36mn over leaked docs
Washington / Bloomberg Goldman Sachs Group Inc. agreed to pay $36.3 million over allegations that former employees obtained confidential documents from the Federal Reserve in a settlement that requires the bank to beef up its policies to prevent another lapse. The Fed is also pursuing a $337,500 fine and a permanent banking ban against a former Goldman Sachs managing ...
Read More »KCB first-half profit rises 14 percent
Nairobi / Bloomberg KCB Group Ltd., Kenya’s biggest bank by assets, boosted first-half profit by 14 percent as earnings from lending increased and after setting aside less money for credit-related losses. Net income in the six months through June rose to 10.5 billion shillings ($103.6 million) compared with 9.2 billion shillings a year earlier, the Nairobi-based lender said in ...
Read More »TIAA may acquire EverBank for $2.5bn
Bloomberg TIAA is in talks to buy EverBank Financial Corp., the largest Florida-based lender by deposits, for about $2.5 billion as it seeks to expand in internet banking, according to Reuters. The deal would add to TIAA’s wealth-management business and give the financial-services firm, led by former Federal Reserve Vice Chairman Roger Ferguson, a platform for providing personal and ...
Read More »Australia cracks down on banks with annual grilling
Sydney / AFP Australia’s largest banks will have to face a parliamentary committee for an annual grilling to “drive cultural change”, Prime Minister Malcolm Turnbull said on Thursday as he addressed public disquiet about their behaviour. The country’s “big four” lenders — among the developed world’s most profitable — have been under scrutiny in recent years amid allegations of ...
Read More »8 possible fates for Obamacare exchanges
A lot’s been happening in the health-care markets. California announced that premiums would rise by an average of 13.2 percent on its exchanges, after years of being one of the standouts for low premium growth. Meanwhile, Anthem, a large insurer, said it would expand its presence in the Obamacare exchanges — but only if its merger with Cigna is ...
Read More »Melania Trump’s lucky immigrant adventure
Francis Wilkinson Melania Trump’s husband says she is a 10. Would Donald Trump marry a woman who wasn’t? The question answers itself. But when she was younger, apparently working as a model in New York, the question is whether the former Melania Knauss was associated with another number — an H-1B or a B1 or B2 visa, or perhaps ...
Read More »Have 3D printer makers found sweet spot?
Bloomberg 3D printing has long been a cool technology in search of a huge market. The industry may have found one in mass production. Because of its high cost and slow pace, 3D printing’s use in manufacturing has been limited mostly to prototyping, making plastic molds for teeth alignment and creating tools. That may be about to change, potentially ...
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