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| Major banks admit guilt in forex probe, fined $6 bln | |  By Karen Freifeld, Steve Slater and Katharina Bart NEW YORK/LONDON/ZURICH (Reuters) - Four major banks agreed to plead guilty on Wednesday to trying to manipulate foreign exchange rates and six were fined nearly $6 billion in yet another settlement in a global probe into the $5-trillion-a-day market. Authorities in the United States and Britain accused traders at Citigroup, JP Morgan, Barclays, UBS and Royal Bank of Scotland of brazenly cheating their clients to boost their own profits using invitation-only chatrooms and coded language to coordinate their trades. The misconduct occurred up until 2013, after regulators had started punishing banks for rigging the London interbank offered rate (Libor), an interest rate benchmark, and banks had pledged to overhaul their corporate culture and bolster compliance.
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| Crop-loss farmers sell their children to survive - authorities | | | By Shuriah Niazi MOHANPURA, India (Thomson Reuters Foundation) - Lal Singh was desperate. The farmer from Mohanpura village in Madhya Pradesh had seen unseasonably heavy rains and hailstorms destroy crop after crop, while he fell deeper into debt. |
| German police find missing sculptures made for Hitler | | | German police said they recovered bronze sculptures and granite reliefs made for Adolf Hitler's imposing Reich Chancellery that have been missing for years. Josef Thorak and Arno Breker custom-made the art works for Hitler's Chancellery, which was designed by his architect Albert Speer and from which he planned to rule a Greater German Reich. Hitler's Chancellery was badly damaged in 1945 and its remains were demolished after the war on the orders of the Soviet occupying forces. |
| Chadian lawmakers extend mandate of troops fighting Boko Haram | | | N'DJAMENA (Reuters) - Chadian lawmakers voted on Wednesday to indefinitely extend the mandate of troops participating in a regional effort to combat Nigeria's Boko Haram Islamist militants until the joint mission was completed. Chad has deployed some 2,500 troops to Nigeria, Cameroon and Niger in a joint operation aimed at tackling the Islamist group whose six-year insurgency in northern Nigeria, had threatened the stability of countries in the Lake Chad region. Boko Haram fighters, who had seized large swathes of northern Nigeria and carried attacks in neighbouring countries including raids and kidnappings, have been beaten back by the joint military campaign. |
| Canada arrests 10 suspected of heading to join militants in Mideast | | | Canadian police arrested 10 young people from Montreal who they suspect wanted to leave the country to join militant groups in the Middle East, officials said on Wednesday. The Royal Canadian Mounted Police said the 10 were detained last weekend in a series of arrests at Montreal's international airport. "We have reason to believe that the young Montrealers wanted to travel abroad to join jihadist groups," said RCMP spokesman Constable Erique Gasse. |
| British police say 261 people of "prominence" suspected of child sex abuse | |  British police investigating allegations of historical child sex abuse said more than 1,400 people had been named as suspects including 261 described as "people of public prominence" including dozens of politicians and TV stars. Child abuse scandals over the last few years have prompted the government to launch a major public inquiry and for detectives to establish an over-arching investigation into allegations of historical crimes by those in powerful positions. Chief Constable Simon Bailey, the officer leading that inquiry named "Operation Hydrant", said 1,433 people were being investigated of whom 216 were now dead.
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| Egypt appoints outspoken Brotherhood critic justice minister | | | By Stephen Kalin CAIRO (Reuters) - Egypt appointed a hardline judge and outspoken critic of the Muslim Brotherhood as justice minister on Wednesday in a move decried by a leading opposition figure as a disaster for justice in the world's most populous Arab country. Ahmed el-Zend, a former appeals court judge, has in contrast to his predecessor been publicly outspoken in his criticism of the Islamist movement removed from power in mid-2013 by the army and banned as a terrorist organisation. Liberal activist Shady el-Ghazaly Harb said the appointment was part of a trend towards empowering opponents of the 2011 uprising that ousted veteran autocrat Hosni Mubarak. |
| Egypt's judges new frontline in battle against militancy | | | By Yara Bayoumy and Haitham Ahmed CAIRO (Reuters) - Egyptian security forces have grown accustomed to being targeted by Islamist militants. Militants are estimated to have killed more than 600 soldiers and police since the army toppled President Mohamed Mursi of the Muslim Brotherhood in 2013. A new front against judges could spell trouble for President Abdel Fattah al-Sisi, who has only just managed to deliver a degree of stability following years of upheaval in Egypt. |
| Algerian troops kill more militants in major assault, 25 dead in total | | | Algerian security forces killed three militants east of the capital on the second day of a major offensive, the defence ministry said on Wednesday, bringing to 25 the total number of insurgents shot dead. Fighters allied with both al Qaeda in the Islamic Maghreb and Islamic State operate in Algeria, mostly in mountainous northern areas, but militant attacks have been rare since the war with Islamist insurgents mostly came to an end in 2000. Last September, the Caliphate Soldiers kidnapped and killed a French tourist in the mountains east of Algiers. |
| EU lawmakers seek ban on "blood metals" in surprise vote | | | By Robin Emmott BRUSSELS (Reuters) - The European Parliament voted on Wednesday to ban all products that contain "blood metals" sold by African warlords, but the legislation is likely to be blocked by EU governments who fear it would impose an unrealistic burden on business. The surprise result marked a defeat for the pro-business European People's Party (EPP), the parliament's biggest grouping, who need fellow centrist allies to pass laws following last year's EU elections where protest parties did well. The European Parliament voted 402 in favour versus 118 against with 171 abstentions on a proposal to require companies, including electronics firms, that buy gold, tantalum, tin and tungsten to certify imports do not finance warlords in Africa. |
| Insight: Islamic State learns lessons from U.S. raid - jihadist sources | |  By Mariam Karouny BEIRUT (Reuters) - A U.S. special forces raid against an Islamic State leader in Syria caught the jihadist group off guard, killing not only the declared target, but also two other important figures, jihadist sources in Syria said. The sources said a spy must have infiltrated the movement and passed on vital information that helped the U.S. commandos zero in on the home of their victim early Saturday when most of the guards had left to join a battle elsewhere. The Islamic State was also considering tightening its recruitment procedures to try to root out moles and was considering forming a specialist unit to counter such attacks in future.
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| Teacher killed, 23 students wounded in mortar attack in Damascus - state media | | | A Syrian teacher was killed and 23 students were wounded when a mortar shell hit their school on Wednesday in the heart of Damascus, Syrian state media said. The Syrian Observatory for Human Rights, which tracks violence in the country, said two mortars hit the school and that most of the wounded were in critical condition. State media said "terrorists" had carried out the attack, a term it uses to describe insurgents. |
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