Tuesday 2 September 2014

US planes strike Iraqi militants, drop aid near held town

The US carried out air strikes on Saturday against Islamic State fighters near the besieged Shi'ite town of Amerli in northern Iraq and airdropped humanitarian aid to civilians trapped there, the Pentagon said. President Barack Obama authorized the new military action, broade


New US curbs 'against spirit of nuclear talks'

Iranian President Hassan Rouhani said on Saturday new US sanctions on some Iranian and foreign banks and businesses were "unconstructive" and against the spirit of Tehran's nuclear negotiations with world powers. But he added at a news conference in Tehran that he w


Obama at Nato summit, to send strong message to Putin

US President Barack Obama will visit Estonia and attend a Nato summit in Wales next week to send a strong message to Russian President Vladimir Putin that his incursion into Ukraine must be reversed and to keep his hands off the Baltic nations. A fresh move into eastern Ukraine b


US sends arms to bolster Lebanon army

The United States has begun delivering nearly $20 million of arms including assault rifles, anti-tank missiles and mortars to bolster Lebanon's army after Islamist insurgents seized a border town for several days this month, US officials said on Friday. Lebanon, a country of


Big spending spurs British economy

Big-spending Britons powered the economy in August as they became more confident about the recovery and their finances, though mixed house price data suggested the outlook for the property market was less clear-cut. Consumer confidence figures beat expectations, rising in August


Indian economy grows 5.7pc in Q1

India said its economy grew by 5.7 per cent in the first financial quarter, its fastest pace in more than two years, as the election of a new right-wing government spurred business confidence. The strong expansion in the three months to June beat a consensus market forecast of 5.


South Africa set for debut $500m Islamic bond

The South African government plans to raise at least $500 million in its first issue of Islamic bonds, a Treasury official indicated. "South Africa is looking to issue a benchmark-size sukuk and the tenor will be in line with other sukuk transactions in the market," Tsh


Iran hopes for nuclear accord 'in short time left'

Iranian Foreign Minister Mohammad Javad Zarif said Tehran hoped to reach a "positive result" in talks with world powers on its nuclear programme ahead of a November deadline, thanks in part to support from Russia. "In that short period of time that is left, we hope


US economy rebounds as demand drives growth

The US economy rebounded more strongly than initially thought in the second quarter with more of the growth being driven by domestic demand and less by restocking by businesses. Gross domestic product (GDP) expanded at a 4.2 per cent annual rate instead of the previously reported


Syrian militants capture 43 UN soldiers, 81 trapped

Militants fighting the Syrian army have detained 43 UN peacekeepers in the Israeli-occupied Golan Heights and trapped another 81 in the region, and the world body is working to secure their release, the United Nations said on Thursday. The affected peacekeepers are from the Phili

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