Developing

  • Myanmar leader goes to disaster zones as floods batter countryside

    Reuters - Sat, Aug 1, 2015

    By Hnin Yadana Zaw YANGON (Reuters) - Myanmar's president headed to devastated rural regions where a state of emergency was declared after deadly monsoon rains displaced tens of thousands of people, flooded swathes of rice paddy and prompted fears of dams collapsing. Thein Sein was due to arrive on Saturday at a military base in Sagaing Division, a major rice growing area where soldiers are coordinating a relief effort after a month of rain over all but two of Myanmar's 14 states. The storms and floods have so far killed 21 people, with water levels as high as 2.5 metres in Sagaing and 4.5 metres in western Rakhine state, according to the government, which on Friday declared four regions disaster zones. More »Myanmar leader goes to disaster zones as floods batter countryside

  • Airplane debris arrives in France for Malaysia crash investigation

    Reuters - Sat, Aug 1, 2015

    By Anca Ulea and Ebrahim Harris PARIS/KUALA LUMPUR (Reuters) - Airplane debris that washed up on the Indian Ocean island of Reunion and may belong to a vanished Malaysia Airlines Boeing 777 arrived in France on Saturday for investigators to study its origin. An Air France flight carrying the debris landed at Orly airport near Paris at 0417 GMT, and it was then transferred by road to a military-run laboratory near the southwestern city of Toulouse that specialises in analysing aviation wreckage. French investigators are not expected to begin examining the wreckage before Wednesday afternoon and their Malaysian counterparts will also be present, the Paris prosecutor's office said in a statement. More »Airplane debris arrives in France for Malaysia crash investigation

  • Gold, oil and copper: Is the commodity boom over?

    Al Jazeera - Sat, Aug 1, 2015

    We examine the factors dragging down commodities prices, the impact on the global economy, and the political fallout. More »Gold, oil and copper: Is the commodity boom over?

  • Serious Fraud Office investigating oil firm Soma

    Reuters - Sat, Aug 1, 2015

    By Michael Holden and Drazen Jorgic LONDON/NAIROBI (Reuters) - Britain's Serious Fraud Office (SFO) has launched a criminal investigation into the British exploration firm Soma Oil and Gas, which has been searching for oil in Somalia. The SFO did not outline the corruption allegations against the company, whose London headquarters were searched on Wednesday. The United Nations last year called for a moratorium on any new exploration deals in Somalia, warning such agreements could fuel tensions and potentially spark new conflicts as rivals fight for resources in the fragile Horn of Africa nation. More »Serious Fraud Office investigating oil firm Soma

  • Yemeni vice president arrives in Aden, fighting continues in country

    Reuters - Sat, Aug 1, 2015

    By Mohammed Mukhashaf ADEN, Yemen (Reuters) - Yemeni vice president Khaled Bahah arrived in the southern port city of Aden on Saturday, the most senior official from Yemen's exiled government to visit since local fighters drove out the Iranian-backed Houthis. Airport officials said Bahah, who is also prime minister, was accompanied by six ministers when he flew in from the Saudi capital Riyadh, where the Yemeni government had been based since President Abd-Rabbu Mansour Hadi fled a Houthi advance on Aden in March. Since then, hundreds have been killed in fierce clashes between pro-Hadi fighters, backed up by air strikes from a Saudi-led Arab alliance, and the Houthis, who have struck an alliance with supporters of former President Ali Abdullah Saleh. More »Yemeni vice president arrives in Aden, fighting continues in country

  • Falcao can play as dual striker, says Mourinho

    Reuters - Sat, Aug 1, 2015

    By Martyn Herman LONDON (Reuters) - Chelsea manager Jose Mourinho said he could adopt a two-pronged attack with Colombian Radamel Falcao offering more options for the coming season after joining on loan from Monaco. Falcao struggled to impress during a similar spell at Manchester United last season, but Mourinho has great faith in a player who will wear the number nine shirt for Chelsea. Diego Costa shouldered most of the striking burden last season as a lone striker in a 4-2-3-1 system, but laboured after an explosive start. More »Falcao can play as dual striker, says Mourinho

  • Mourinho eyes early chance to strike blow on Wenger

    Reuters - Sat, Aug 1, 2015

    By Martyn Herman LONDON (Reuters) - Jose Mourinho has played down the significance of Sunday's clash with Arsenal in the Community Shield showpiece at Wembley but a chance to strike an early blow against old adversary Arsene Wenger will prove irresistible. The traditional curtain-raiser for the new English season sees Mourinho's Premier League champions take on FA Cup winners Arsenal and it should offer plenty of clues as to what awaits both clubs over the next nine months. Wenger, who signed Chelsea's stalwart goalkeeper Petr Cech in the summer, believes his squad is now as strong as the 2003-04 Invincibles who went through the season undefeated to claim Arsenal's last Premier League title. More »Mourinho eyes early chance to strike blow on Wenger

  • Russia's Lavrov to meet U.S., Saudi counterparts in Qatar

    Reuters - Sat, Aug 1, 2015

    MOSCOW (Reuters) - Russian foreign minister Sergei Lavrov will hold a three-way meeting with his U.S. and Saudi counterparts, John Kerry and Adel al-Jubeir, during a working visit to Qatar on Aug. 2 and 3, Russia's foreign ministry said on Saturday. The ministry said Lavrov would also hold meetings with the emir of Qatar, Tamim bin Hamad al-Thani, and foreign minister Khalid al-Attiyah. ... More »Russia's Lavrov to meet U.S., Saudi counterparts in Qatar

  • Twente take teenager on loan from Man City

    Reuters - Sat, Aug 1, 2015

    AMSTERDAM (Reuters) - Dutch club Twente Enschede have taken teenage striker Thomas Agyepong from Manchester City on loan but will not be able to use him until next month. Twente announced the season-long loan deal for the 19-year-old, captain of Ghana junior national team, but a broken foot means Agyepong is only expected to be fit in September. The deal keeps the stream of young players loaned by the Dutch club from elsewhere in Europe. Twente have already taken Nigerian striker Michael Olaitan from Olympiakos and Brazilian defender Bruno Uvini from Napoli on loan deals this season. ... More »Twente take teenager on loan from Man City

  • Head of failed Japan-based bitcoin exchange Mt. Gox arrested

    Associated Press - Sat, Aug 1, 2015

    TOKYO (AP) — The head of the failed Japan-based bitcoin exchange Mt. Gox was arrested in Tokyo on Saturday on suspicion of inflating his cash account by $1 million, authorities said. More »Head of failed Japan-based bitcoin exchange Mt. Gox arrested

  • Labour Party local groups endorse left-winger for leader

    Reuters - Sat, Aug 1, 2015

    By Kylie MacLellan LONDON (Reuters) - The Labour Party moved a step closer to selecting a leader from its left wing on Saturday, after surprise contender Jeremy Corbyn received the backing of more local party groups than any other candidate. Reeling from its worst election defeat in decades, the party is seeking a successor to Ed Miliband, who stood down as leader after Prime Minister David Cameron's Conservatives confounded predictions by winning a outright election victory in May. The contest so far has been dominated by the unexpected popularity of Corbyn, who has been a member of parliament since 1983 and at 66 is two decades older than his rivals. Corbyn had received endorsements from 152 local Labour Party groups and the backing of Britain's biggest trade unions by a Friday deadline, figures released by the party showed. More »Labour Party local groups endorse left-winger for leader

  • Haddin omission hardest decision of my career - Lehmann

    Reuters - Sat, Aug 1, 2015

    By Justin Palmer BIRMINGHAM (Reuters) - Overlooking Australia vice-captain Brad Haddin for the third Ashes test was the "hardest decision I have had to make as coach", Darren Lehmann said. The 37-year-old Haddin asked to be stood down for the second test at Lord's because his daughter was sick and was not recalled for the match at Edgbaston for which understudy Peter Nevill retained his place. Former Australia opener Matthew Hayden labelled Haddin's axing as 'outrageous' but Lehmann said the decision was taken because the wicketkeeper was out of form with the bat. More »Haddin omission hardest decision of my career - Lehmann

  • Pacific trade talks unlikely to end in deal - source

    Reuters - Sat, Aug 1, 2015

    LAHAINA, Hawaii (Reuters) - Pacific trade talks are unlikely to end in a deal due to an impasse over trade in autos and dairy goods and monopoly periods for biologic drugs, sources close to the negotiations said on Friday. Three sources involved in the talks said although ministers from the 12 countries negotiating the Trans-Pacific Partnership were due to meet again shortly, a deal was improbable. "It would be very difficult to arrive at a deal," one of the officials said, requesting anonymity because discussions were ongoing. ... More »Pacific trade talks unlikely to end in deal - source

  • Porte joins BMC Racing from Team Sky

    Reuters - Sat, Aug 1, 2015

    Australian Richie Porte will join the BMC Racing team from Team Sky on a one-year deal in 2016, the American outfit said on Saturday. "We officially welcome Richie to the BMC Racing Team," BMC Racing manager Jim Ochowicz said in a statement. "Richie's addition to our roster for next year adds extra muscle and a wealth of experience. More »Porte joins BMC Racing from Team Sky

  • Pacific Rim free trade talks fall short of deal

    Reuters - Sat, Aug 1, 2015

    By Ami Miyazaki and Krista Hughes LAHAINA, Hawaii (Reuters) - Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared up over auto trade between Japan and North America, New Zealand dug in over dairy trade and no agreement was reached on monopoly periods for next-generation drugs. Trade ministers from the 12 nations negotiating the Trans-Pacific Partnership, which would stretch from Japan to Chile and cover 40 percent of the world economy, fell just short of a deal at talks on the Hawaiian island of Maui but were confident an agreement was within reach. "The undergrowth has been cleared away in the course of this meeting in a manner that I would say is streets ahead of any of the other ministerial meetings that we have had," New Zealand Trade Minister Tim Groser said. More »Pacific Rim free trade talks fall short of deal

  • Pacific trade officials fail to agree on final TPP deal

    Al Jazeera - Sat, Aug 1, 2015

    Sources at Hawaii meet say Trans-Pacific Partnership held up by disputes on car, drug, and dairy trade. More »Pacific trade officials fail to agree on final TPP deal

  • Rio pledges cleaner waters for Olympics next year

    Reuters - Sat, Aug 1, 2015

    By Karolos Grohmann KUALA LUMPUR (Reuters) - Efforts to improve the water quality for the Rio de Janeiro 2016 Olympics are ongoing, Games organizers said on Saturday, adding the welfare of the athletes was a top priority after reports of severe pollution off the shores of the Brazilian metropolis. Privately commissioned tests of the water quality, where rowers, sailors and open water swimmers will be competing, revealed this week a high level of disease-causing viruses. The waters along Rio's Atlantic coast, including Guanabara Bay where sailing events will be held, have been polluted for years and successive governments have spent hundreds of millions of dollars on supposed clean-ups to little effect. More »Rio pledges cleaner waters for Olympics next year

  • Pacific trade ministers fail to reach deal in Hawaii talks

    Associated Press - Sat, Aug 1, 2015

    LAHAINA, Hawaii (AP) — Trade ministers from a dozen Pacific Rim nations failed to reach a deal on a new trade agreement that would cover nearly 40 percent of the global economy, U.S. Trade Representative Michael Froman said Friday. More »Pacific trade ministers fail to reach deal in Hawaii talks

  • On Army Day, China warns of growing border security risks

    Reuters - Sat, Aug 1, 2015

    China says it is a threat to nobody, but needs to update outdated equipment and has to be able to defend what is now the world's second largest economy. "The maritime security environment is more complicated, and the undercurrents in the East and South China Seas have been gushing up," the paper wrote. China has become increasingly assertive in its dispute with Japan over a group of uninhabited islets in the East China Sea, while in the South China Sea it has been reclaiming land in waters where Vietnam, the Philippines, Taiwan, Malaysia and Brunei all have competing claims. More »On Army Day, China warns of growing border security risks

  • Volcano erupts on suspected MH370 wreckage island

    Reuters - Sat, Aug 1, 2015

    SAINT-DENIS, Reunion (Reuters) - A volcano erupted on Friday on the remote Indian Ocean island of Reunion where beachcombers found a piece of plane wing believed to have come from missing Malaysia flight MH370. The government of the island, officially a part of France lying to the east of Madagascar, imposed a ban on access to the Piton de la Fournaise volcano, including by helicopter, after an eruption at 1000 a.m. local time. (Reporting by Joe Brock; Writing by Ed Cropley; Editing by Dominic Evans) More »Volcano erupts on suspected MH370 wreckage island

  • Former CEO of collapsed Mt.Gox bitcoin exchange arrested in Japan: reports

    Reuters - Sat, Aug 1, 2015

    Mark Karpeles, the former head of defunct bitcoin exchange Mt. Gox, was arrested on Saturday in connection with the disappearance of hundreds of millions of dollars worth of the virtual currency, Japanese media reports said. The French-born Karpeles, 30, is suspected of falsifying data on the outstanding balance of the exchange, at one point the world's largest hub for trading the digital currency, they added. When it filed for bankruptcy in February 2014, Mt. Gox said 750,000 customer bitcoins and another 100,000 belonging to the exchange were stolen due to a software security flaw. More »Former CEO of collapsed Mt.Gox bitcoin exchange arrested in Japan: reports

  • 'Cliffy' back to add heft to Wallabies pack

    Reuters - Sat, Aug 1, 2015

    By Nick Mulvenney SYDNEY (Reuters) - Wycliff Palu returned to the Wallabies squad after a month's rest this week, refreshed and ready to add his characteristic physicality to the Australia pack for back-to-back tests against New Zealand over the next three weeks. "Oh, just old man problems," Palu grinned on Friday when asked why he had been rested for wins over South Africa and Argentina that set up next week's Rugby Championship decider against the All Blacks in Sydney. "I'm pretty lucky to get the opportunity to add to the group, I think the boys have been doing pretty good." It was a typically self-deprecating comment from a man whose powerful 115kg frame reflects his Tongan heritage but inaccurate in as much Palu's rest was planned and all about getting him right for some tough contests that lie ahead. More »'Cliffy' back to add heft to Wallabies pack

  • China's manufacturing shows zero growth in July

    Associated Press - Sat, Aug 1, 2015

    BEIJING (AP) — China's manufacturing recorded no growth in July, in a sign of weakness in the world's second-largest economy, according to data released by an industry group on Saturday. More »China's manufacturing shows zero growth in July

  • Rio Games torch to be lit in Olympia on April 21, 2106

    Reuters - Sat, Aug 1, 2015

    By Karolos Grohmann KUALA LUMPUR (Reuters) - The Rio de Janeiro Olympics torch will be lit in Greece's ancient Olympia on April 21 next year before leaving for the South American country 12 days later, organizers said on Saturday. The torch will arrive in Brazil on May 3 to start its 100-day relay across the country, Rio 2016 communications director Mario Andrada told the International Olympic Committee during a presentation of the Games progress. Rio organizers earlier this month unveiled the torch which will be carried by 12,000 torchbearers past 500 cities and villages as the city prepares to become the first South American city to host the summer Olympics. More »Rio Games torch to be lit in Olympia on April 21, 2106

  • E&Y Japan arm launches internal probe of Toshiba audit

    Reuters - Sat, Aug 1, 2015

    The Japanese affiliate of Ernst & Young LLC has launched an in-house investigation into its audit of Toshiba Corp in the wake of the electronics maker's $1.2 billion accounting scandal, a person with knowledge of the matter said. Ernst & Young ShinNihon LLC has established a team of about 20 executives to investigate whether there were any problems with how it conducted its audits of Toshiba, the person said. Last month an external panel of lawyers and accountants hired to probe Toshiba's accounts found the company had inflated profits by 152 billion yen ($1.23 billion) over seven years by postponing the realization of losses and other schemes. More »E&Y Japan arm launches internal probe of Toshiba audit

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