Explosion targeting policemen reported in Turkey's southeastISTANBUL (AP) ? Turkish media says police have been targeted in an explosion in a pre-dominantly Kurdish city in southeast Turkey in an attack that has killed least one policeman.
IMF upgrades China growth estimate on stimulus, downgrades India after cash crunchThe International Monetary Fund on Monday raised its forecast for China's economic growth this year by 0.3 percentage points to 6.5 percent, on expectations of continued policy stimulus. At the same time, it downgraded India's growth outlook by 0.4 percentage points to 7.2 percent as consumption in Asia's third-largest economy takes a hit from the government's recent decision to abolish large currency notes. China's economy grew 6.7 percent over the first three quarters of 2016, in line with the country's 6.5 to 7 percent growth target, but risks are also increasing with growth reliant on government spending, record lending by state banks and an overheating property market.
Luxottica and Essilor in 46 billion euro merger to create eyewear giant
By Valentina Za and Sudip Kar-Gupta MILAN/PARIS (Reuters) - Italy's Luxottica and France's Essilor have agreed a 46 billion euro ($49 billion) merger to create a global eyewear powerhouse with annual revenue of more than 15 billion euros. The all-share deal is one of Europe's largest cross-border tie-ups and brings together Luxottica, the world's top spectacles maker with brands such as Ray-Ban and Oakley, with leading lens manufacturer Essilor. "Finally ... two products which are naturally complementary -- namely frames and lenses -- will be designed, manufactured and distributed under the same roof," Luxottica's 81-year-old founder Leonardo Del Vecchio said in a statement on Monday.
IMF raises China growth forecast but warns on debt
BEIJING (AP) ? The International Monetary Fund on Monday raised its growth forecast for China but warned that rising debt which has prompted concern about the country's finances increases the risk of a sharper slowdown.
Who are the 8 richest people? All men, mostly Americans
LONDON (AP) ? The eight individuals who own as much as half of the rest of the planet are all men, and have largely made their fortunes in technology. Most are American, with one European and one Mexican in the mix. Several have pledged to give it all to charity.
Iran sticks to deadline of nuclear deal with centrifuge move: IAEA
Iran has complied with a deadline set by its landmark nuclear deal with world powers by removing hundreds of centrifuges, machines that enrich uranium, from a site buried deep inside a mountain, the U.N. atomic agency said on Monday. The deal reached between six powers and Iran in 2015 stated that no more enrichment would take place at the Fordow site near the holy city of Qom for 15 years, but that Iran could keep just over 1,000 centrifuges there for other uses. Monday's announcement by the International Atomic Energy Agency (IAEA) will be welcome news to many diplomats who are wondering how U.S. President-elect Donald Trump, a vocal critic of the deal, would handle any problems that might arise.
Biden: Trump should retain sanctions on Russia
KIEV, Ukraine (AP) ? U.S. Vice President Joe Biden, on a last foreign trip before leaving office, has met with Ukraine's president and called on the impending Donald Trump administration to retain Ukraine-related sanctions against Russia.
Police: 5 killed in shooting at nightclub at Mexican resort
IMF boosts US growth estimate on expected stimulus
The International Monetary Fund on Monday boosted its estimates for US growth on expected stimulus spending by the incoming Trump administration, but kept the forecast for global growth unchanged. The IMF's quarterly World Economic Outlook (WEO) however said the forecasts for 2017 and 2018 are beset by uncertainty and risk, including signs of rising protectionism. It sees world growth of 3.4 percent this year and 3.6 percent in 2018, unchanged from the October report, as concerns about slowing in major developing economies were offset by the recovery in advanced economies and China.
Kyrgyzstan: Cargo plane crash kills 37, destroys village
BISHKEK, Kyrgyzstan (AP) ? A Turkish cargo plane crashed Monday in a residential area just outside the main airport in Kyrgyzstan, destroying half of a village and killing at least 37 people in the plane and on the ground, the Emergency Situations Ministry said.