Saturday 25 October 2014

Islamic State keeps up Syrian oil flow despite strikes

Islamic State is still extracting and selling oil in Syria and has adapted its trading techniques despite a month of strikes by US-led forces aimed at cutting off this major source of income for the group, residents, oil executives and traders said. While the raids by US and Arab


Islamic State militants seize Iraq village

Islamic State wrested a Sunni Muslim village in western Iraq on Thursday from tribal defenders who put up weeks of fierce resistance, and the insurgents tightened a siege of the Yazidi minority on a mountain in the north. The attacks showed Islamic State's continued operating


Oil near $84 on sharp rise in US crude stocks

Brent crude fell for a second session running on Thursday, hitting a one-week low just above $84 a barrel as a sharp rise in crude inventories in top oil consumer the United States reinforced oversupply concerns. US crude inventories surged by 7.1 million barrels last week to 377


Early Apple computer sells for $905,000 at auction

One of the few remaining examples of Apple Inc's first pre-assembled computer, Apple-1, sold for $905,000 at an auction in New York on Wednesday, far outstripping expectations. The relic, which sparked a revolution in home computing, is thought to be one of the first batch of


Attack on Canada parliament, one killed

A gunman attacked Canada's parliament on Wednesday, with shots fired near where Prime Minister Stephen Harper was speaking, and a soldier was killed at a nearby war memorial, stunning the Canadian capital. The gunman in the parliament building was shot dead, and Harper was sa


Emirates NBD Q3 profit doubles

Emirates NBD, Dubai's largest lender, beat analysts' forecasts on Wednesday as it reported a doubling of third-quarter net profit, aided by a fall in provisioning. The lender, 55.6 per cent owned by state fund Investment Corp of Dubai, made a net profit of Dh1.56 billion


Iran offers compromises; West unmoved

Iran is pushing what it portrays as a new compromise proposal in nuclear talks, but Western negotiators say it offers no viable concessions, underscoring how far apart the two sides are as they enter crunch time before a November 24 deadline. In the negotiations with six major po


Ebola worries end for dozens on US watch lists

Weeks of worries about Ebola infection ended for dozens of people who came off watch lists in the US on Monday, but scores were still being monitored after potential exposure to the virus, Texas health officials said. Forty-three people who had contact with Thomas Eric Duncan, th


China eyes $817bn sports sector for new economy

China plans to grow its sports sector into a 5-trillion-yuan ($817-billion) industry by 2025 to boost employment and domestic consumption in its "new" economy, the government said on Monday. Under a sweeping reform plan, China aims to boost domestic consumption to repla


Nigeria sees early release of kidnapped schoolgirls

Nigeria aims to secure the release by Tuesday of more than 200 schoolgirls kidnapped by Islamist Boko Haram militants, two senior government sources said on Saturday, although they declined to comment on where this handover would take place. Nigeria's armed forces chief, Air

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