According to Japan’s finance minister Shunichi Suzuki on Saturday, the central banks and finance ministers of the Group of Seven wealthy countries concurred that the world financial system is robust but that caution is still required. In a joint statement, the officials vowed to remedy any regulatory vulnerabilities in theRead More →
As the strongest storm in almost 20 years barreled into Bangladesh and neighbouring Myanmar, authorities there started on Saturday to relocate Rohingya refugees from “risky areas” to community centres as hundreds evacuated an island. Meteorological officials in Dhaka classified Cyclone Mocha as “very severe,” but their Indian colleagues described itRead More →
Authorities said that a 5.5-magnitude earthquake shook Northern California on Thursday afternoon, but there have been no reports of damage or casualties as of yet. According to the US Geological Survey, the earthquake was centred about 2.5 miles southwest of the town of East Shore and struck around 4:19 p.m.Read More →
Following Imran Khan’s detention a day earlier, the UN Secretary-General has called for an end to the violence that has persisted in some areas of Pakistan. António Guterres, the head of the UN, noted the ongoing demonstrations in a statement released by his spokesperson and urged “for all parties toRead More →
(Reuters) – Wall Street finished down on Thursday as PacWest’s decision to investigate strategic alternatives fueled concerns about the health of US lenders, weighing on shares of regional banks as well as JPMorgan Chase (JPM.N), Wells Fargo & Co (WFC.N), and other large financial institutions. PacWest Bancorp (PACW.O) fell 51%Read More →
(Reuters) – According to local and federal officials, at least 14 people were killed as a tornado and powerful thunderstorms moved over Mississippi late Friday, leaving a path of destruction for more than 100 miles (160 km). Mississippi’s Emergency Management Agency stated search and rescue activities were underway in SharkeyRead More →
TOKYO/SEOUL (Reuters) – South Korea and Japan may be on the verge of settling a disagreement over colonial-era forced labour that has hampered political and commercial ties between the two neighbours, according to media reports. According to anonymous diplomatic sources, the South Korean government aims to unveil its solution toRead More →
(AFP) – Three UN soldiers were killed and five were critically wounded after their convoy was hit by a roadside bomb in central Mali on Tuesday, according to the UN mission. “Today, a MINUSMA Force convoy was targeted by an Improvised Explosive Device #IED,” it claimed in a tweet withRead More →
DHAKA : (AFP) – On Monday, the sole newspaper of Bangladesh’s largest opposition party ceased publication after a government suspension order was upheld, raising concerns about media freedom in the South Asian country. Campaigners and international governments, notably the United States, have long raised concern about Prime Minister Sheikh Hasina’sRead More →
LONDON (Web Desk) – Britain announced plans on Monday for a post-Brexit review of its regulations for the 11 trillion pound ($13.2 trillion) asset management industry, with a focus on improving liquidity after a near-meltdown in funds used by pension schemes last September. Before Britain left the European Union, lawsRead More →
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