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World - Germany steps up fight against far right after neo-Nazi murders

Germany has drafted legislation to help prevent a repeat of a racist murder spree by a neo-Nazi cell in 2011, giving a bigger role to federal prosecutors and allowing courts to focus more on xenophobic motives. The killings shocked Germany after going undetected for more than a decade and coming to light only by chance in late 2011. The draft law, approved by Chancellor Angela Merkel`s cabinet on Wednesday, will implement recommendations made by a parliamentary panel after the murders of eight Turks, a Greek and a policewoman in Germany between 2000 and 2007. `Overall it will become easier to justify the responsibility of the federal prosecutor,` the government said in a statement.

Wednesday, August 27, 2014  15:56


World - UN moves to slap sanctions on Libya militias

The UN Security Council on Wednesday moved to impose sanctions on militias and their political supporters who are fueling Libya`s escalating war. Libya has been sliding deeper into chaos over the past weeks, with factions now backing rival prime ministers and assemblies, while Egypt and the United Arab Emirates carried out airstrikes against Islamists. Islamist fighters seized the Tripoli airport at the weekend, compounding the crisis in Libya that has been boiling since the fall of long-time dictator Moamer Kadhafi in 2011. UN mission chief in Libya Tarek Mitri told the council that the clashes in recent days `have been unprecedented in their gravity and to be sure, very alarming.`

Wednesday, August 27, 2014  19:46


World - Peng upsets 4th-seeded Radwanska at US Open

NEW YORK (AP) — Peng Shuai upset fourth-seeded Agnieszka Radwanska, the first top-10 player knocked out of this year`s U.S. Open.

Wednesday, August 27, 2014  18:36


World - Breakthrough hopes dented as Ukraine accuses Russia of new incursion

By Richard Balmforth and Anton Zverev KIEV/DONETSK Ukraine (Reuters) - Ukraine accused Russia of launching a new military incursion across its eastern border on Wednesday, as hopes quickly faded that Tuesday`s talks between their two presidents might mark a turning point in a five-month-old crisis. Accusations of direct Russian support for pro-Russian separatists in Ukraine have prompted Western governments to impose sanctions on Moscow, despite its vehement denials, and fanned tensions with NATO to levels not seen since the Cold War. Ukrainian military spokesman Andriy Lysenko said a group of Russian soldiers had crossed the border in armoured infantry carriers and a truck and entered the town of Amvrosiyivka, not far from where Ukraine detained 10 Russian soldiers on Monday. No comment was immediately available from the Russian defence ministry on the alleged incursion.

Wednesday, August 27, 2014  17:49


World - Captive Russian paratroopers say they didn`t realize they were in Ukraine

Kiev has accused the servicemen of conducting a `special mission` in support of a separatist pro-Russian insurgency in its eastern regions. Moscow denies the charge, saying the troops had strayed across the border by mistake. Nine of the 10 captured soldiers told a news conference in Kiev they had received very little information before setting off on their patrol and that they had no previous combat experience. `We are not informed at all ... We either got lost or not, we were sent there, we didn`t know the way or where we were going,` said serviceman Ivan Romantsev, the self-appointed leader of the group.

Wednesday, August 27, 2014  16:09


Business - Wall St. flat at record levels, valuations seen as reasonable

The S&P 500 closed above 2,000 for the first time ever on Tuesday, while the Dow Jones industrial average also ended near a high. Both indexes have risen in 10 of the past 13 sessions, and the S&P has closed at a record 30 times this year, according to S&P Dow Jones Indices. The gains have come without any correction since 2012, prompting analysts to call for a pullback, especially such potential headwinds as a reduction in Federal Reserve stimulus and the conflict between Ukraine and Russia. `Earnings are good and rates are low, which creates the kind of environment that will keep pushing up markets gradually,` said David Kelly, chief global strategist for JPMorgan Funds in New York.

Wednesday, August 27, 2014  15:28


World - Raina hundred leaves England on the ropes

Suresh Raina`s dynamic century took India to 304 for six against England in the second one-day international at Cardiff on Wednesday. In what was effectively the first of this five-match series, following Monday`s total washout in Bristol, India were in trouble at 19 for two before a stand of 91 between Rohit Sharma (52) and Ajinkya Rahane (41) revived the innings. Left-hander Raina, who made exactly 100, and India captain Mahendra Singh Dhoni (52), then strengthened the tourists` grip on the game with a fifth-wicket stand of 144. Chris Woakes led England`s attack with four for 52 in his 10 overs, with off-spinner James Tredwell (two for 42) the only other wicket-taking bowler in the innings.

Wednesday, August 27, 2014  15:28


Business - Suzuki recalls sedans in U.S. as spider webs block gas vents

Spiders drawn to gasoline vapors and weaving webs that block a hose to vent those vapors have caused Suzuki Motor of America to recall about 19,000 Kizashi mid-size sedans from model years 2010 to 2013, U.S. Air flow blocked in the cars` evaporative emissions system can cause negative pressure in the fuel tank, which can lead to cracks which could cause leaks that increase risk of a fire, said the National Highway Traffic Safety Administration. Mazda Motor Corp has recalled the Mazda6 twice since 2011 because of spiders building webs in ventilation hoses. No crashes or injuries have been reported in relation to this issue, Suzuki told NHTSA.

Wednesday, August 27, 2014  14:47


World - Drop in disaster payouts strengthens case for reinsurance price cut

Payouts by insurers for disaster claims in the first six months of the year were below the average for the past 10 years, a study showed on Wednesday, which is likely to bolster insurers` calls for cheaper reinsurance. The global insurance industry covered $21 billion in losses from natural catastrophes and man-made disasters in the first half of the year, preliminary estimates from a study by reinsurer Swiss Re showed. Second-quarter figures showed that lower claims from natural disasters boosted reinsures` earnings. The Swiss Re study showed that insurers covered nearly half of the $44 billion in estimated economic losses from natural catastrophes and man-made disasters in the first half of 2014.

Wednesday, August 27, 2014  13:12


World - Erdogan vows no change ahead of Turkey handover

Turkish Prime Minister Recep Tayyip Erdogan on Wednesday pledged that the policies of his ruling party would not change as he prepared to take the presidency and hand the job of premier to Foreign Minister Ahmet Davutoglu. Erdogan gave a keynote farewell speech to Turkey`s ruling Justice and Development Party (AKP) as it held a congress to confirm Davutoglu as the new party leader and premier when he becomes president. The Turkish strongman rejected suggestions that Davutoglu would simply be a puppet premier and said that the AKP would never be a `one man` party. Erdogan -- who has ruled Turkey as premier for over a decade with Islamic-tinted and development-focused policies -- will be sworn in as president on Thursday after his victory in the August 10 election.

Wednesday, August 27, 2014  12:31

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