News Archive - 7 August 2016

Iran Bans Pokemon Go Over Security Concerns

The decision was taken by the High Council of Virtual Spaces, the official body monitoring online activities. When the game was first released for Iran, the foundation had warned that if the game’s officials fail to accept Iran’s conditions it will be blocked. The conditions put forward by the...

Tehran’s newspapers on Saturday 16th of Mordad 1395; August 6th, 2016

Saturday, 16th of Mordad – August 6th, 2016 HEADLINES OF IRAN’S MORNING PAPERS   KAYHAN   -400 Takfiri terrorists killed in Aleppo Forces of the Syrian army targeted the positions of the Takfiris in two Syrian provinces during which 400 terrorists were killed.   -Former French Prime Minister: Use...

Amazon Japan raided on suspicion of antitrust practices: Nikkei

>The paper did not say when the raid took place.Amazon Japan is suspected of imposing conditions on retailers such as forcing them to sell products at a lower price if they were also advertising on other online shopping sites, the Nikkei said, citing sources with knowledge of the case.

Suicide bomber kills at least 70 at Pakistan hospital, IS claim responsibility

>QUETTA, Pakistan A bomb blast at a hospital killed at least 10 people and wounded 30 in Quetta, the capital of the violence-wracked southwestern Pakistani province of Baluchistan, on Monday, a senior provincial official said.The explosion occurred as mourners gathered to accompany the body of Bilal Anwar Kasi, a...

Thailand, seeking stability, approves military constitution

>BANGKOK A democratically elected government will take power in Thailand at the earliest by December 2017, a senior Thai official said on Monday, after the country endorsed a military-backed constitution paving the way for a general election.Thais handed the junta of Prime Minister Prayuth Chan-ocha a convincing win in...

Canada seizing more suspect money from Chinese travelers

>TORONTO Canada has been seizing increasing amounts of undeclared or suspected criminal money from mainland Chinese travelers, border officials said, with the amount confiscated last year more than double that taken in 2013.Capital flight in various forms has been a growing concern for China, with factors ranging from the...

Disappointing China July imports suggest cooling domestic demand

>BEIJING China's exports and imports fell more than expected in July in a rocky start to the third quarter, pointing to further weakness in global demand in the aftermath of Britain's decision to leave the European Union.Imports fell 12.5 percent from a year earlier, the biggest decline since...

Steinhoff to buy Mattress Firm for $3.8 billion including debt

>NEW YORK South African retailer Steinhoff International Holdings NV (SNHG.DE) will buy Mattress Firm Holding Corp (MFRM.O), the largest specialty bedding retailer in the United States, for $3.8 billion which includes debt, both companies said on Sunday.Steinhoff said it will pay $64 per share, a premium...

Anbang is not considering an offer for InterContinental: spokesman

>The Sunday Times reported that Anbang has held talks with bankers about an offer to buy the Holiday Inn and Crowne Plaza hotel chains owner.Anbang is said to be in the early stages of considering an offer for InterContinental, and has not yet made any formal approach, The Times...

Trump to propose deduction on childcare spending: aide

>WASHINGTON U.S. Republican presidential nominee Donald Trump will propose allowing parents to deduct spending on childcare from their income taxes in a speech on Monday meant to challenge the economic policies of Democratic rival Hillary Clinton, a campaign aide said.The aide, who asked not to be identified, said...

Bitfinex exchange customers to get 36 percent haircut, debt token

>HONG KONG Crypto-currency exchange Bitfinex, which lost $72 million to hackers last week, told customers on Sunday they would lose just over 36 percent of the assets they had on the platform but would be compensated for these losses with tokens of credit.The Hong Kong-based exchange said losses from...

Jets pound rebels after they break Aleppo siege

>BEIRUT Syrian insurgents who broke the siege of rebel-held eastern Aleppo on Saturday in a significant territorial gain came under intense air attack from pro-government forces on Sunday trying to repel the advance which also cut government-held Aleppo's main supply route. Rebels have taken most of a large government military...

Islamic State militants claim capture of U.S. weapons in Afghanistan

>KABUL Militants linked to Islamic State have released photos that purport to show weapons and equipment that belonged to American soldiers and were captured by the group in eastern Afghanistan.The photos, which came to light on Saturday, show an American portable rocket launcher, radio, grenades and other gear not...

Turkey's Erdogan stages mass rally in show of strength after coup attempt

>ISTANBUL President Tayyip Erdogan told a rally of more than one million people on Sunday that July's failed coup would be a milestone in building a stronger Turkey, defying Western criticism of mass purges and vowing to destroy those behind the putsch.The "Democracy and Martyrs' Rally" at the Yenikapi...

UK consumer spending picks up in July, bucking signs of slowdown -Visa

>Based on Visa credit and debit card usage data, consumer spending rose 1.6 percent in July compared with a year ago, up from June's 0.9 percent increase and the biggest rise in three months.Seasonally-adjusted spending increased by 1.1 percent, the strongest month-on-month gain since January, reversing...

BOJ board divided on whether monetary easing has limits: July meeting summary

>TOKYO Stark divisions in the views of Bank of Japan board members were highlighted on Monday, with some defending unlimited easing of monetary policy and others arguing the BOJ had done enough – to the point of driving big market swings and sapping bond market liquidity.The debate underscores the...

Gawker, Hulk Hogan in settlement talks over privacy case: WSJ

>The settlement talks come a week ahead of a court-administered auction that will see Gawker Chief Executive Nick Denton lose control of the company, the Journal said.Similar discussions had taken place throughout the legal process, but it was not clear if the new talks would lead to a settlement,...