Around the Globe

Around the Globe

Thousands march for Belgium shooting victims

Nearly 3,000 people marched in the Belgian city of Liege on Sunday to honour the three victims of a shooting there last week that prosecutors are treating as a terrorist attack. The marchers, most dressed in white, made a solemn procession through the city's sunny streets before laying white roses at the scene of the attack by Benjamin Herman, who shot dead two policewomen and a student on Tuesday.

China’s role as creditor to the world is fading

China’s much-criticised trade surpluses are declining in a shift that’ll see less of its excess savings recycled into global capital markets.

For emerging markets already struggling to cope with rising US interest rates, that prospect poses an additional set of dangers. A prolonged slide in China’s purchasing firepower would put upward pressure on global yields after a decade of binge-borrowing left the world’s emerging markets with a hangover.

Russian journalist Babchenko turns up alive after reported murder

A dissident Russian journalist who was reported murdered in Kiev dramatically reappeared alive on Wednesday in the middle of a briefing about his own killing by the Ukrainian state security service.

Ukrainian authorities had said on Tuesday that Babchenko, a 41-year-old critic of President Vladimir Putin and of Russian policy in Ukraine and Syria, had been shot dead at his flat and that his wife had found him in a pool of blood.

Top North Korean general to visit US

North Korean leader Kim Jong Un has dispatched one of his top aides to New York for talks ahead of his planned summit with Donald Trump next month, the US president said on Twitter.

“Meetings are currently taking place concerning Summit, and more,” Trump said in a Twitter posting that misspelled the envoy’s name. “Kim Young Chol, the Vice Chairman of North Korea, heading now to New York. Solid response to my letter, thank you!”

CAIT files petition in CCI against Walmart-Flipkart deal

Traders body CAIT on Monday said it has approached the Competition Commission of India (CCI) against the Walmart-Flipkart deal, stating that it will create unfair competition and an uneven level playing field for domestic players.

The Confederation of All India Traders (CAIT) said the deal would deny market access to non-preferred sellers and impact small traders on offline platform. The confederation has “filed its objection petition in CCI against the Walmart-Flipkart deal,” it said in a statement.

Munjals-Burmans give consent to re-open Fortis bidding process

Fortis Healthcare on Monday said the Munjals-Burmans combine, whose bid for investing Rs 1,800 crore was approved by its board, have consented to re-opening the bidding process to enable the company to move ahead with the fund-raising transaction.

The development comes at a time when there is an uncertainty over the process of sale of Fortis as four of the directors, who had approved the Munjals-Burmans bid, are no longer on the company’s board.

Italian president puts nation on path to fresh elections

Italy’s president set the country on a path back to fresh elections on Monday, appointing a former International Monetary Fund official as interim prime minister with the task of planning for snap polls and to pass the next budget.

The decision to appoint Carlo Cottarelli to form a stopgap administration sets the stage for elections that are likely to be fought over Italy’s role in the European Union and the euro zone, a prospect that is rattling global financial markets.

Ireland ends abortion ban as “quiet revolution” transforms country

Ireland’s Prime Minister on Saturday hailed the culmination of “a quiet revolution” in what was once one of Europe’s most socially conservative countries after a landslide referendum vote to liberalise highly restrictive laws on abortion.

“The outcome of the referendum is an extremely worrying development for the protection of the unborn child in Northern Ireland,” said Jim Wells, a member of Northern Ireland’s socially conservative Democratic Unionist Party.

MIDDLE GROUND

Trump boosts pressure on Justice Department in Russia probe

President Donald Trump is increasing the pressure on the Justice Department, declining to say whether he has confidence in Deputy Attorney General Rod Rosenstein after the White House negotiated rare access to classified documents for Trump’s congressional allies.

Asked before a private meeting Tuesday with the president of South Korea if he has confidence in Rosenstein, who is overseeing the special counsel's Russia investigation, he told reporters to move on to another question.

Trump facing challenges ahead of NKorea summit

Weeks before his planned North Korea summit, President Donald Trump is staring down a dealmaker's worst nightmare: overpromising and under-delivering.

As the Singapore meeting with North Korean leader Kim Jong Un draws near, the president and his allies are growing increasingly anxious about how he can score a win on the world stage. While Trump has not suggested he wants to back out, he has struggled to define his objectives for the historic sit-down, and last week he drew fresh criticism from his foreign foil.

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