At least 76 killed in air strike on Nigerian refugee camp - ICRC
At least 76 people were killed in Tuesday's accidental Nigerian Air Force strike on a refugee camp and more than 100 were wounded, the International Red Cross and Red Crescent Movement (ICRC) said on Wednesday. The air force has said an unknown number of civilians were killed and wounded in the mistaken strike in Rann, Borno state. The state has been the epicentre of Boko Haram's seven-year-long attempt to create an Islamic caliphate in the northeast.
US consumer inflation continues rise at end of 2016
US consumer prices continued to rise in December, with one measure of price gains registering its biggest increase in two and a half years, the Labor Department said Wednesday. The pick-up in inflation comes as US monetary policymakers say they foresee a faster pace of interest rate increases this year than initially anticipated, to keep downward pressure on prices. Largely driven by increases in the costs of shelter and gasoline, the Consumer Price Index rose 0.3 percent for December on a seasonally adjusted basis, matching analyst expectations and marking a faster pace than the 0.2 percent recorded in November -- but slower than November's 0.4 percent.
46 'severely injured' people remain at Nigeria bombing scene
LAGOS, Nigeria (AP) ? At least 46 "severely injured" people remain in a refugee camp that Nigeria's military says it mistakenly bombed and they need urgent evacuation, the International Committee for the Red Cross said Wednesday.
Citigroup's quarterly profit gets boost from trading
"We had a strong finish to 2016, bringing momentum into this year," Chief Executive Michael Corbat said in a statement. Citi's net income rose to $3.57 billion, or $1.14 per share, in the quarter ended Dec. 31, from $3.34 billion, or $1.02 per share, a year earlier, topping the average analyst estimate of $1.12 per share, according to Thomson Reuters I/B/E/S.
The Latest: DeVos says unwanted kissing is sexual assault
Murray magic at Australian Open but Kyrgios booed in stormy defeat
Top seed Andy Murray sped into the Australian Open third round on Wednesday but bad boy Nick Kyrgios was booed and accused of not trying as he crashed to a stormy defeat. Roger Federer progressed despite unexpected resistance and women's world number one Angelique Kerber celebrated her 29th birthday with a hard-fought win. Murray painfully rolled an ankle and needed treatment in the third set against Russian qualifier Andrey Rublev, but he shook off the problem to win 6-3, 6-0, 6-2.
U.S. sues JPMorgan for alleged mortgage discrimination
The United States on Wednesday sued JPMorgan Chase & Co, accusing the bank of discriminating against minority borrowers by charging them higher rates and fees on home mortgage loans between 2006 and at least 2009. Filed in a Manhattan federal court, the government's complaint accused the bank of violating the U.S. Fair Housing Act and the Equal Credit Opportunity Act by charging thousands of African-American and Hispanic borrowers more for home loans than white borrowers with the same credit profile. JPMorgan Chase and U.S. Attorney Preet Bharara did not immediately respond to requests for comment.
US consumer prices up moderate 0.3 percent in December
U.S. consumer prices, driven up by rising energy costs, rose moderately in December, closing out a year in which consumer inflation rose at the fastest pace in five years. The Labor Department reported ...
Trump's protectionist policies top risk to U.S. economy in 2017: Reuters poll
The top risk to U.S. growth would come if U.S. President-elect Donald Trump keeps his protectionist promises, according to a Reuters poll that shows economists have not joined in the market exuberance since the shock November vote. For most of his campaign and after the election, Trump vowed to make sweeping changes to U.S. trade and immigration policy, threatened to impose steep tariffs on Chinese imports and proposed hefty tax cuts. While financial markets have retreated in the past week and hopes of a sudden spurt in inflation have faded, U.S. 10-year Treasury yields are still up more than 25 percent since Election Day, and stocks have hit record highs.
Death toll in Mali suicide blast rises to more than 50
GAO, Mali (AP) ? A suicide bomber in an explosives-laden vehicle attacked a camp in northern Mali on Wednesday, killing more than 50 people and wounding more than 100 soldiers and former fighters now trying to stabilize the region.