Saturday 23 August 2014

Iraqi Kurds 'recapture' strategic Mosul dam

Iraqi Kurdish forces said they had recaptured the country's biggest dam from Islamic State militants on Monday, although an employee at the site said jihadist fighters still controlled key points on the vulnerable structure. Hoshiyar Zebari - a Kurd who has been foreign minis


Oil prices sink to lowest since June 2013

Oil fell below $102 a barrel to its lowest in over a year on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies. Crude jumped on Friday after the government in Kiev said its artillery had partially


No sign of Gaza breakthrough as ceasefire nears end

Talks in Cairo on ending the Gaza war showed no signs of a breakthrough on Monday, with Israel and the Palestinians entrenched in their demands hours before the expiration of a five-day ceasefire. The truce is due to run out at 2100 GMT. A Palestinian source quoted by Egypt's


Russia may ban car imports if hit with new sanctions

Russia may tighten retaliatory sanctions against Western nations to include a ban on imports of cars, if the United States and the European Union impose additional sanctions on Moscow, daily newspaper Vedomosti reported on Monday. The impact of the measure on many foreign automak


Iraqi forces aim to recapture Mosul

Iraqi forces are planning an assault on the northern city of Mosul, hoping to retake it from Islamic State fighters, the spokesman for the country's counter-terrorism unit said on Monday. "The new tactic of launching a quick attack shrouded by secrecy proved successful a


Brent falls below $103 on higher Libyan output

Brent crude fell below $103 a barrel on Monday as Libya increased its oil output and as worries over supply from key producer Iraq eased. The drop came following a jump of more than $1 a barrel in benchmark prices on both sides of the Atlantic on Friday amid fresh tensions in Ukr


Israel ‘undeterred by Hamas warnings over Gaza war’

Israeli Prime Minister Benjamin Netanyahu said on Sunday any deal on Gaza's future had to meet Israel's security needs, warning Hamas it faced "harsh strikes" if it resumed firing into the Jewish state. With a five-day ceasefire due to expire late on Monday, neg


Kurds fight to retake dam with US air support

Kurdish fighters pushed to retake Iraq's largest dam on Sunday and the US conducted a second day of air strikes in the area in a drive to reverse gains by Islamic State insurgents who have overrun much of the country's north. Islamic State militants have seized several to


Asking prices for UK homes slump in August

Asking prices for houses in Britain have fallen at the sharpest pace on record for the month of August, led by a drop in London, as the market gets ready for higher interest rates, a survey showed on Monday. Prices of property coming onto the market fell by 2.9 percent from July,


BREAKING NEWS: Western Iran hit by 6.3 quake

An earthquake of magnitude 6.3 struck western Iran on Monday, near the provincial capital of Dezful, about 300 miles (480 km) from Tehran, the capital, the US Geological Survey said. The quake, at a depth of 6 miles (10 km), hit at 0232 GMT. There were no immediate reports of cas

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