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| India moves towards long-awaited bankruptcy reform with draft bill | |  The government on Wednesday published long-awaited proposals to overhaul an outdated and overburdened bankruptcy process, calling for public comment on what could become the country's first unified bankruptcy code. If adopted, the changes would bring in "insolvency professionals" to run the resolution process, and set up creditor committees to reach a verdict on an ailing company's future in up to 180 days, removing government involvement and ending decades of judicial gridlock.
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| Tortured by Islamic State, rescued before execution: freed hostages recount ordeal | | | By Isabel Coles ERBIL, Iraq (Reuters) - The last thing that came to Saad Khalaf Ali's mind as his Islamic State interrogators smothered him with a plastic bag was his two wives and children. The former policeman is one of many Iraqis to have suffered at the hands of Islamic State, which tortures, executes or beheads anyone deemed immoral or an opponent of its ideology and its goal of creating a caliphate across the Muslim world. Saad withstood the punishment but succumbed to psychological pressure when the militants threatened to slaughter his entire family. |
| Hundreds march in Central African Republic in support of army | | | Hundreds of people marched through the capital of Central African Republic on Wednesday, including members of the country's transitional council, to press for the national army to be rearmed, a Reuters witness said. The march was guarded by security forces and U.N. peacekeepers and is the latest sign of pressure for the restoration of the army, which was sidelined when mainly Muslim rebels from the Seleka group took power in 2013. Interim President Catherine Samba-Panza appealed to the U.N. mission (MINUSCA) on Monday to return weapons confiscated from the army to allow it to help keep the peace. |
| French anti-corruption magistrate puts world athletics ex-head under inquiry | |  A French magistrate has placed the former head of the Monaco-based international athletics federation under formal investigation as part of a corruption inquiry, a source in the French judiciary said on Wednesday. The source said the magistrate had placed Lamine Diack, the Senegal-born former head of the International Association of Athletics Federations (IAAF), officially under investigation along with another person who acted as his judicial adviser. According to French news channel iTELE, the investigation is focused on suspicion that payments were made in return for not revealing doping of Russian athletes.
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| French police question Benzema in soccer sextape inquiry | | | PARIS (Reuters) - French police questioned Real Madrid striker Karim Benzema on Wednesday in connection with an inquiry into an alleged attempt to blackmail fellow-France soccer international Mathieu Valbuena, a police source said. ... |
| Pressure mounts on German FA chief as World Cup scandal widens | |  Pressure on German Football Association (DFB) chief Wolfgang Niersbach increased considerably on Wednesday after tax raids a day earlier on the world's largest soccer federation in relation to a World Cup 2006 payment to FIFA stunned the nation. On Tuesday more than 50 police and tax investigators raided the DFB headquarters as well as Niersbach's and other officials' private homes in search for evidence that could back up suspicions by the Frankfurt prosecutor's office the president, during his time as World cup 2006 organising committee Vice President, and two former committee colleagues did not pay tax on a controversial transfer to FIFA in 2005. At the heart of the investigation is a 6.7 million euro payment from the DFB to FIFA that Der Spiegel magazine claimed was a return on a loan from the then Adidas CEO Robert-Louis Dreyfus to help buy votes for Germany's World Cup bid at the FIFA election in 2000.
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| Romania's PM Ponta quits after mass protests - ruling party | |  By Radu-Sorin Marinas BUCHAREST (Reuters) - Romania's Prime Minister Victor Ponta resigned on Wednesday, in a surprise move just hours after mass protests demanding cabinet resignations as the death toll from a Bucharest nightclub fire reached 32, his ruling leftist party said. Ponta, the country's only sitting premier to stand trial for corruption, had been under pressure to resign from President Klaus Iohannis, who defeated him in last November's presidential election. Ponta's departure may lead to a political realignment in Romania, where a coalition of three parties form a majority in parliament.
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| Maldives declares state of emergency as turmoil deepens | | | By Daniel Bosley MALE (Reuters) - The Maldives declared a state of emergency on Wednesday, as the Indian Ocean island nation's political upheaval intensified following a suspected assassination attempt on the president. Citing a threat to national security, the foreign ministry said on its official Twitter feed that the state of emergency would remain in force for 30 days. Umar Naseer, minister of home affairs, confirmed to Reuters that the emergency had been declared. |
| Turkey arrests nine alleged Islamic State members preparing attack | | | Nine alleged members of Islamic State believed to have been preparing a suicide bomb attack on a political party's offices in Istanbul have been remanded in custody by a court in southeast Turkey, the local governor's office said. Police detained two of the suspects after a brief car chase in the southeastern Turkish city of Gaziantep on Friday and seven more suspects were detained in subsequent police raids, the Gaziantep governor's office said in a statement dated Tuesday. Turkey has conducted attacks on Islamic State (IS) militants in Syria, and President Tayyip Erdogan had said operations against them and Kurdish militants would continue after the vote. |
| Australian intelligence says spike in 'terrorism' funding investigations | | | By Matt Siegel SYDNEY (Reuters) - Australia's anti-money laundering agency says reports of suspected "terrorism-financing" tripled in the past year, with over A$50 million ($35.92 million) which could be used to support Islamist militants being investigated. The financial intelligence agency, AUSTRAC, said in its annual report released this week that it had recorded a trebling of "suspicious matter reports" that could be linked to funding of militant groups. "The volume of terrorism financing in Australia is linked to the number of Australians travelling to join terrorist groups in Syria and Iraq," the report said. |
| Thailand investigates military officers in widening royal insult probe | |  By Aukkarapon Niyomyat and Patpicha Tanakasempipat BANGKOK (Reuters) - Thai police on Wednesday said they were turning their attention to senior military officers as part of a major investigation into a network of people charged with insulting the monarchy. The investigation has heightened scrutiny of the world's toughest lese majeste law, which critics say is often used as a political tool to discredit and silence opponents. It also comes at a time of greater anxiety over the health of Thailand's revered but ailing King Bhumibol Adulyadej, 87, and nervousness about what a royal succession could bring.
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