Tuesday 31 May 2016
 
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Russia to spend $16.7bn on arms industry in 2016-20

Russia will spend around 1.1 trillion roubles ($16.7 billion) on its military manufacturing sector in the 2016-2020 period, Tass news agency quoted Russian Deputy Prime Minister Dmitry Rogozin as saying on Monday. Russia is currently the second-largest arms exporter in the world

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India caps dollar buying for Iran dues to shield rupee

The Reserve Bank of India has capped weekly dollar purchases by oil refiners to pay off their debts to Iran in order to avoid pressure on the rupee, three sources said on Monday. India is one of the biggest buyers of Iranian crude and built up a payments backlog when Iran was und

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Japan scrambles over possible N Korea missile launch

Japan on Monday put its military on alert for a possible North Korean ballistic missile launch, ordering naval destroyers and anti-ballistic missile Patriot batteries to be ready to shoot down any projectile heading for Japan, state broadcaster NHK said. A spokesman for the Japan

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India to crack down on savings scams

India plans legislation to close a regulatory loophole that has made it possible for fraudsters to dupe millions of savers, as Prime Minister Narendra Modi strives to bring the rural poor into the mainstream banking system. Unscrupulous operators have bilked savers of billions of

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Up to 900 migrants ‘likely died at sea this week’

At least 700 migrants may have died at sea this past week in the busiest week of migrant crossings from Libya towards Italy this year, Medecins San Frontieres and the U.N. Refugee agency said on Sunday. About 14,000 have been rescued since Monday amid calm seas, and there have be

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Ship with 400 migrants sinks in Mediterranean

Migrants rescued from two boats in the Mediterranean this week told humanitarian workers in Italy that they saw another vessel carrying some 400 migrants sink, Save the Children said on Saturday. Three vessels carrying migrants already are confirmed to have sunk or capsized this

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Dozens killed in clashes between IS, Syria rebels near Turkey

Fighting between Islamic State (IS) and Syrian rebels near the Turkish border has killed dozens of people in the last two days, as IS militants keep up an offensive that has led to rapid territorial gains, a monitoring group said on Saturday. Fighters from the militant group ente

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Haj row escalates as Iran misses new deal

An Iranian delegation has left Saudi Arabia without an agreement for its citizens to attend the haj pilgrimage this year, Saudi media have reported, a second failure by the Shiite power to strike a deal. "At dawn on Friday, the Iranian mission expressed its desire to leave t

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Pakistani PM to undergo heart surgery in London

Pakistani Prime Minister Nawaz Sharif will undergo open heart surgery in London on Tuesday, his family and office said, in what will be his second cardiac operation in five years. Sharif's daughter Maryam Nawaz Sharif said on her official Twitter account that the surgery woul

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Putin vows retaliation over US missile shield

Russian President Vladimir Putin said on Friday Moscow had no choice but to retaliate over the US missile shield in Europe, and warned that both Romania and Poland could find themselves in Russia's sights. Some elements of the US missile shield, which Putin said was a direct

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