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Yahoo

Business - France defends billion-euro guarantee demand in UBS probe


By Chine Labbé PARIS (Reuters) - A 1.1 billion euro ($1.48 billion) guarantee payment demanded by French judges of Swiss bank UBS reflects the size of the fine it could pay if found guilty of helping wealthy French customers avoid tax, the French prosecutor`s office said on Thursday. In a major escalation of a 15-month inquiry, the Zurich-based bank said on Wednesday it had been put under formal investigation on allegations it laundered the proceeds of tax evasion and was ordered to make what it called an `unprecedented and unwarranted` guarantee payment. French authorities defended the move, which comes as Paris seeks to cooperate more closely with its neighbors Switzerland to crack down on its citizens with hidden Swiss bank accounts.


Thursday, July 24, 2014  12:42

Yahoo

World - At least 60 killed in attack on Iraq prison convoy


An onslaught on a convoy transferring inmates north of Baghdad left at least 60 dead Thursday, even as politicians and diplomats stepped up efforts to end Iraq`s worst crisis in years. Most of those killed in Taji, 25 kilometres (15 miles) north of Baghdad, were prisoners whose escort was attacked and were described by police as being mostly Sunni militants charged with terrorism. Explosions from the attack were heard in some neighbourhoods of the capital, where UN chief Ban Ki-moon landed Thursday on an unscheduled stop in his Middle East tour. One security source said the inmates were being transferred as a precautionary measure after Taji prison was hit by mortar fire on Wednesday.


Thursday, July 24, 2014  10:42

USATODAY

Top Stories - 15 dead as Israeli airstrike hits U.N. facility in Gaza


Hundreds of people were seeking shelter at a U.N. school when the compound was hit.


Thursday, July 24, 2014  15:09

Yahoo

World - Iraq parliament elects senior Kurdish politician president


Iraq`s parliament elected senior Kurdish lawmaker Fouad Masoum as president on Thursday, a long-awaited step in creating a new government capable of countering a Sunni Muslim insurgency. Iraq`s politicians have been in deadlock over forming a new government since an election in April. Shi`ite Prime Minister Nuri al-Maliki has ruled since the election in a caretaker capacity, defying demands from the Sunnis and Kurds that he step aside for a less divisive figure. Critics say Maliki is a polarising figure who has stirred up sectarian tensions that have worsened since Sunni insurgents swept through north and west Iraq last month, seizing large swathes of territory and declaring a `caliphate`.


Thursday, July 24, 2014  15:22

Yahoo

World - U.N.`s Ban seeks advice on Iraq crisis from top cleric


U.N. Secretary-General Ban Ki-moon sought guidance from Iraq`s top cleric on Thursday, as he urged Iraqi politicians to form an inclusive government that can confront a Sunni militant insurgency. Ban`s meeting with Shi`ite Grand Ayatollah Ali al-Sistani underscored the 83-year-old cleric`s vast sway in Iraq, where Prime Minister Nuri al-Maliki is considered a polarizing figure who has fueled sectarian tensions. A spokesman for Ban told Reuters the United Nations chief was meeting with Sistani in the city of Najaf to seek his wisdom on developments in Iraq. Sistani has seized his most active role in politics in a decade, asserting dominance over public affairs and demanding politicians choose a new government without delay.


Thursday, July 24, 2014  14:02

Yahoo

World - Iraq parliament elects senior Kurdish politician Fouad Masoum as president


BAGHDAD (Reuters) - Iraq`s parliament elected senior Kurdish politician Fouad Masoum as president of the country on Thursday, the second step in the process of forming a government. Iraq`s politicians have been in deadlock over forming a new government since an election in April. The next step, choosing a prime minister, may prove far more difficult. Shi`ite Prime Minister Nuri al-Maliki has ruled since the election in a caretaker capacity, defying demands from the Sunnis and Kurds that he step aside for a less divisive figure. (Writing by Michael Georgy; Editing by Andrew Heavens)


Thursday, July 24, 2014  13:22

Yahoo

World - Pakistan officials say al Qaeda trainer, not Taliban militant, arrested


By Mehreen Zahra-Malik ISLAMABAD (Reuters) - Pakistan security officials said on Thursday they had arrested a top militant near the Afghan border but not a Pakistani Taliban leader who colleagues had identified last week as a man who once tried to blow up former president Pervez Musharraf. Security officials said on July 15 the military had captured Adnan Rashid, who was accused of trying to kill Musharraf in a 2003 bomb attack and who later escaped from jail, in the South Waziristan region near the Afghan border. Later, various other security officials said it was not Rashid who had been captured but an important al Qaeda bomb-maker and trainer. `A high-value target has indeed been arrested but it is not Adnan Rashid,` one of the officials told Reuters.


Thursday, July 24, 2014  11:48

BBC

Middle East - Shelling `kills 15 in Gaza shelter`


At least 15 people have been killed and more than 200 injured when a UN-run school used as a shelter in Gaza was shelled, the Gaza health ministry says.


Thursday, July 24, 2014  15:22

BBC

Middle East - Shellfire `kills 15 in Gaza school`


At least 15 people are killed and more than 200 injured when a UN-run school used as a shelter in Gaza is shelled, Gaza health ministry says.


Thursday, July 24, 2014  15:09

Yahoo

World - Israeli fire hits UN facility in Gaza, killing 15


GAZA CITY, Gaza Strip (AP) — Gaza health officials say the death toll from an Israeli strike on a compound housing a U.N. school in the northern Gaza Strip has risen to at least 15.


Thursday, July 24, 2014  14:56

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