Deutsche Bank shares tank as concern grows over stability
BERLIN (AP) ? Worries over the financial stability of Deutsche Bank returned to the fore Friday, sending shares in Germany's biggest bank to a record low and rekindling broader concerns about Europe's financial sector.
US inflation stays low in August with spending flat
US inflation in August nudged upwards, regaining some of the pace it had lost in the summer, but was still low, according to Commerce Department data released Friday. Personal income gained $39.3 billion in August, an increase of 0.2 percent over July, down from the 0.4 percent increase recorded the month before. Personal consumption expenditures, or PCE, a measure of the value of all goods and services bought, were virtually unchanged between July and August, according to the department.
Sting back to rock and striving to stay optimistic
As Sting took up the refugee crisis for his latest album, he met in Berlin with musicians who fled Syria. "I felt it was important to have that sanction," Sting told AFP of the track "Inshallah," in which he envisions himself on a boat like a refugee desperate for safety. The song appears on Sting's album "57th and 9th," which comes out November 11 and marks the most rock-driven work in years by the former Police frontman.
Austrian police investigating terrorist suspectVIENNA (AP) ? Austrian police are interrogating a man on suspicion of belonging to a terrorist group after he allegedly tried to run down several people with his car in Vienna.
Ryder Cup showdown under way at Hazeltine
Olympic champion Justin Rose teed off for Europe in a boisterous and tension-filled atmosphere Friday to start the 41st Ryder Cup with an opening alternate shot foursomes match at Hazeltine. Passions were overflowing in the first tee stands, jammed to a 1,500-seat capacity with screaming spectators, as Europe began the hunt for an unprecedented fourth consecutive victory over the United States. Rose fired his shot into the morning fog and mist and it landed on the fairway.
Drop in U.S. consumer spending clouds Fed rate hike outlook
U.S. consumer spending unexpectedly fell in August for the first time in seven months while inflation showed signs of accelerating, mixed signals that could keep the Federal Reserve cautious about raising interest rates. The Commerce Department said on Friday that consumer spending, which accounts for more than two-thirds of U.S. economic activity, fell 0.1 percent last month after accounting for inflation. Yields on U.S. government debt fell after the data and the dollar weakened against a basket of currencies, signaling investor doubts about the prospect of a near-term Fed rate increase.
First U.N. special envoy for Somali refugees amid 'asylum fatigue'
By Katy Migiro NAIROBI (Thomson Reuters Foundation) - The United Nations has appointed its first special envoy for Somali refugees to ensure they receive protection, following accusations by a rights group that Kenya has been forcing them out of the world's largest refugee camp in a bid to close it. Kenya, which says the returns are voluntary, called last week at the U.N. General Assembly for more funding to repatriate more than 300,000 Somali refugees living in Dadaab camp on its northern border. "The Special Envoy will first help to maximise efforts to search (for) solutions for Somali refugees and asylum seekers at national and regional level and strive to enhance dialogue... to help maintain asylum," the U.N. said in a statement on Friday.
Japan approves new $1.5 bn Tokyo Olympic stadium
The Japanese government on Friday approved plans for the building of the main stadium for the Tokyo 2020 Olympics at a cost of almost $1.5 billion. Construction of Tokyo's new national stadium is scheduled to begin in December, more than a year after the original blueprints were torn up on the orders of Prime Minister Shinzo Abe amid public anger over skyrocketing costs, according to officials. The showcase Olympic stadium is set to be completed by the end of November 2019, said the Japan Sport Council -- five months behind schedule, the delays already having forced the 2019 Rugby World Cup to switch venues for the final match.
Netherlands summons Russian envoy over MH17 probe criticism
THE HAGUE, Netherlands (AP) ? The Netherlands has summoned Russia's ambassador to complain about Russian criticism of the Dutch public prosecutor's office over the probe into the 2014 downing of Malaysia Airlines Flight 17.
EU agrees to ratify Paris climate deal
EU environment ministers agreed Friday to fast-track the ratification of the landmark Paris agreement on climate change, despite the fact that some national parliaments have yet to approve the deal. What some believed impossible is now real," European Union President Donald Tusk said on Twitter. Around 60 countries have now committed to the landmark agreement designed to stem the planet's rising temperatures, which was sealed in December 2015 in the French capital.