Israel mourns as preparations begin for Peres' funeral
Israel on Wednesday mourned the death of Shimon Peres, a former president and prime minister whose life story mirrored that of the Jewish state, as the government began preparations for a funeral that ...
Global shipping firms raided in S.Africa over suspected collusionSix of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said. The six companies comprise local subsidiaries of Denmark's Maersk, Portugal's Mediterranean Shipping Company, France's CMA CGM Shipping, Germany's Hamburg Sud, Singapore-based Pacific International Line and Maersk unit Safmarine, the commission said in a statement. It said the firms were suspected of engaging in collusive practices to fix incremental rates on the shipment of cargo from Asia to South Africa.
Bombers of civilians in Aleppo will face God's judgment: popePope Francis urged forces to stop bombing civilians in the Syrian city of Aleppo, warning them on Wednesday they would face God's judgment. Speaking to tens of thousands of people in St. Peter's Square, Francis called Aleppo "this already martyred city, where everybody is dying - children, old people, sick people, young people." He did not name the bombers, but monitors say Syria's government and its Russian backers have stepped up air attacks on rebel-held parts of the northern city since the end of a ceasefire last week. "I renew to all an appeal to commit themselves with all their strength to protect civilians," Francis told the crowd during his weekly address.
Norway appeals court rejects Snowden extradition lawsuit
A Norwegian appeals court has rejected a lawsuit from fugitive former U.S. spy contractor Edward Snowden against the Norwegian government, upholding the verdict of a lower court, it said on Wednesday. Snowden's law firm said in April he would take Norway to court to secure free passage to the Nordic country to receive a free speech award, but the Oslo District Court dismissed the case in June. "The court of appeal has -- like the district court -- concluded that the lawsuit must be rejected," it said on Wednesday, adding that the justice ministry could not be compelled to issue an advance decision on whether or not to extradite.
RBS to pay $1.1 billion to resolve some of its U.S. mortgage claims
Royal Bank of Scotland Group Plc will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed, the U.S. National Credit Union Administration (NCUA) said. The resolution comes as RBS prepares to settle a number of U.S. cases where it is accused of mis-selling mortgage-backed bonds and brings the U.S. regulator's recoveries against various banks to $4.3 billion over their sales of such securities before the 2008 financial crisis. This case is included in the around $5 billion RBS has set aside to settle historic misconduct charges, but some analysts estimate the total claims will be much larger.
Peres: architect of Israel nuclear programme as well as peace
Shimon Peres, who died Wednesday aged 93, is famed for his peace efforts with the Palestinians but his role as architect of Israel's nuclear programme may prove his more lasting legacy. When still in his 30s during the 1950s, Peres played a key part in Israel's pursuit of a nuclear capability at the urging of Israel's first prime minister David Ben-Gurion.
Raids hit two largest hospitals in rebel-held Aleppo: NGO
Air raids hit the two largest hospitals in rebel-held parts of Syria's Aleppo early Wednesday, putting them temporarily out of service, the medical organisation that supports them said. One warplane targeted both of them directly," said Adham Sahloul of the Syrian American Medical Society (SAMS). "There are only six hospitals currently operational now that the M2 and M10 have been temporarily taken out of service," he said.
UK brewer SABMiller shareholders back AB InBev takeover
Tie-up of world's biggest beer makers clears final hurdleLONDON (AP) ? A deal worth over $100 billion to combine the world's two biggest beer companies cleared its last major hurdle Wednesday when the shareholders of SABMiller approved the takeover by Budweiser maker Anheuser-Busch Inbev.
Israel's elder statesman, Shimon Peres, dies at 93
By Ori Lewis JERUSALEM (Reuters) - Former Israeli president and elder statesman Shimon Peres, a joint winner of the 1994 Nobel Peace Prize, died in hospital on Wednesday at 93, two weeks after suffering a massive stroke. A campaigner for Middle East peace who played a seminal role in Israeli politics for nearly 70 years, Peres was mourned by world leaders and praised for his tireless engagement. U.S. President Barack Obama said: "A light has gone out".