Wednesday 27 July 2016

China joins UN trucking treaty, stepping onto new Silk Road

China has taken a major step towards establishing a speedy new "Silk Road" to Europe by signing up to a UN trucking treaty. Fifteen years after joining the World Trade Organization (WTO), China is hoping a revival of its ancient trading corridor to the west will help bo


Swiss to pass information on HSBC accounts to US

Switzerland said it plans to give information to US tax authorities about accounts at HSBC Holdings' Swiss private bank, as part of a US investigation into tax evasion. HSBC's Swiss unit has already paid tens of millions of dollars in fines after admitting substandard com


Patient shoots doctor in Berlin; kills himself

A patient shot a doctor in a university clinic in Berlin on Tuesday before killing himself, but there were "no signs at all" of a link with Islamist militancy, police in the German capital said. Germany is on edge because of a spate of violent attacks on civilians by mi


Oil falls towards $44, lowest since May

Oil on Tuesday hit its lowest since May, falling towards $44 a barrel, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply. Brent crude is still up more than 60 percent from a 12-year low near $27 in January, but the rally has


One hostage killed in France church attack

One hostage was killed as a result of an attack in a church in France's northern Normandy region on Tuesday, French media reported. Two men who took several people hostage in a church in Saint-Etienne-du-Rouvray have been "neutralised", a police source said earlier.


Trump ‘would consider alliance with Russia over IS’

Republican nominee Donald Trump said on Monday that if elected U.S. president he would weigh an alliance with Russia against Islamic State militants but rejected any suggestion Russian President Vladimir Putin might be trying to help him win. Speaking at a rally in Winston-Salem,


Wildfire chases 20,000 from homes near LA

A deadly California wildfire that has destroyed more than a dozen homes drove thousands more residents from their dwellings on Monday as flames raged for a fourth day through drought-parched canyons and foothills north of Los Angeles. A beefed-up force of nearly 3,000 firefighter


Oil edges above 3-month lows; mood bearish

Oil prices edged away from three-month lows on Tuesday, supported by a weaker dollar, but concerns of ongoing oversupply weighed on markets and many traders are raising their bets on further price falls. International Brent crude oil futures LCOc1 were trading at $44.80 per barre


19 dead after knife attack in Japan

Nineteen people were feared dead and as many as 24 others wounded after an attack by a knife-wielding man at a facility for the disabled in Japan early on Tuesday, NHK reported. Police in Sagamihara, Kanagawa Prefecture, about 25 miles (40 km) southwest of Tokyo have arr


Obama's brother says to vote for Trump

President Barack Obama's half-brother, Malik Obama, says he will vote for Republican nominee Donald Trump in the US election in November because he likes the candidate and he is unhappy with his brother's leadership. Malik, who is in his 50s, told Reuters by phone from Ob

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