Tuesday 2 September 2014

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


Egypt probes Mursi over leaked documents

Egypt is investigating jailed ex-president Mohamed Mursi in connection with documents that judicial investigators say were leaked to the Qatar-based Al Jazeera satellite news channel, said security sources. Relations between Qatar and Egypt have been tense since mid-2013 when the


US mother pleads to Islamic State for son's release

The mother of an American journalist held captive by militant group Islamic State released a video on Wednesday appealing directly to the group's leader for his release. "I am sending this message to you, Abu Bakr al-Baghdadi al-Quraishi al-Hussaini, the caliph of the Is


Erdogan sworn in as president, consolidates power

Tayyip Erdogan was sworn in as Turkey's president on Thursday, cementing his position as its most powerful leader of recent times, in a step opponents fear heralds more authoritarian rule and widening religious influence in public life. Reading the oath of office in a ceremon

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