News Archive - 25 July 2015

>ATHENS Talks between Greece and its international creditors over a new bailout package will be delayed by a couple of days because of organizational issues, a finance ministry official said on Saturday. The meetings with officials from the European Commission, European Central Bank and International Monetary Fund were supposed to...

>One person was rescued unconscious from the plane after the crash and another woman was found unconscious among the wreckage on the ground, the Fire Department said.There were no other details about possible casualties and it was not known how many people were on the board the plane. At...

>Teva Pharmaceutical Industries Ltd (TEVA.TA) is in advanced talks to buy Allergan Plc's (AGN.N) generic drug business following a thus far unsuccessful effort to acquire peer Mylan NV (MYL.O), according to a person familiar with the matter.Jerusalem-based Teva, which has offered to buy Mylan for $40...

>WINTERSET, Iowa U.S. presidential candidate Hillary Clinton said on Saturday that she did not use a private email account to send or receive classified information while she was secretary of state, in response to a government inspector's letter this week."I did not send nor receive anything that was...

>NEW YORK In a possible setback for Hillary Clinton, the AFL-CIO’s political committee has recommended the nation’s largest labor union federation delay endorsing a candidate for the 2016 presidential race as it seeks to push her to be more supportive of its policies on issues such as trade and wages.

>WASHINGTON Republican presidential candidate Ted Cruz ripped into his party's establishment on Friday, calling Senate Republican leader Mitch McConnell a liar during an unusual public attack on the floor of the Senate.Amid intense maneuvering over an ambitious $340 billion transportation bill, Cruz railed that McConnell and the Senate's new...

>Republican Representative Trey Gowdy, chairman of the Benghazi investigation committee, had sought to hear from Clinton on the attacks, in which four Americans were killed, and her use of a private email account while she was America's top diplomat.A spokesman for Clinton, the front-runner in polls for the Democratic...

>"We are positive that we will get approval for tests on German motorways within the next weeks," Frankfurter Allgemeine Sonntagszeitung quoted him as saying. "Then we will start immediately."First tests of semi-autonomous trucks will take place in Daimler's home state Baden-Wuerttemberg while the start of production is 2-3 years...

>SANAA Saudi-led coalition forces announced on Saturday a five-day humanitarian ceasefire would take effect in Yemen starting Sunday evening at the request of exiled president Abd-Rabbu Mansour Hadi.A Saudi-led Arab coalition has been bombing the Houthi militia and army forces loyal to former president Ali Abdullah Saleh since March...

>Citing a copy of a letter seen by the paper, the FT said BaFin president Felix Hufeld had told Jain this month that BaFin considered the "probable" interpretation of the evidence weighed in Jain's favor and that it was dropping that part of its probe into Libor-rigging at Deutsche Bank.

>The move comes on the heels of Pearson's sale of the Financial Times newspaper to Japanese media group Nikkei, announced this week as its focuses on its education business."Pearson confirms it is in discussions with The Economist Group Board and trustees regarding the potential sale of our 50 percent...

>The landlocked central European country is part of Europe's visa-free Schengen zone, making it attractive to migrants coming through the Balkans. It has registered more than 80,000 migrants so far this year, nearly double the number in all of 2014.Most are from poor or conflict-ridden countries like Syria, Afghanistan...

>NAIROBI U.S. President Barack Obama told African entrepreneurs in Kenya on Saturday they could help counter violent ideologies and drive growth in Africa, and said governments had to help by ensuring the rule of law was upheld and by tackling corruption.Obama was addressing a Global Entrepreneurship Summit at...

>The strikes against PKK targets are likely to be a major blow to the stalled Kurdish peace process.Turkey launched its first-ever air attack against Islamic State targets in Syria early on Friday, promising more decisive action against both the jihadists and Kurdish militants. Fighter jets hit PKK targets in...

>IMF First Deputy Managing Director David Lipton told the BBC World Service the tradition by which a European heads the fund while an American leads the World Bank was coming under pressure and the next appointment would be "strictly merit-based".Described on the same radio program as an "incredible anachronism"...