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| Supreme Court asks Sahara to deposit $5.7 billion in 1-1/2 yrs | |  The Supreme Court on Friday set tougher terms for Sahara to secure the release of its jailed founder, saying the firm must repay the entire $5.7 billion the court says it owes investors in illegal bonds within the next 18 months. The amount includes the $1.6 billion in bail the court had set for the release of Subrata Roy, who was arrested in March last year after Sahara failed to comply with an earlier court order to refund money it had raised from millions of small investors by selling them the bonds. Sahara has previously said it had repaid 95 percent of the amount due to the investors, which has not been accepted by the court.
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| World Cup insurers risk blizzard of claims, disputes over Russia, Qatar | |  By Carolyn Cohn LONDON (Reuters) - World Cup insurers are likely to refuse to pay out on many cancellation contracts if Russia and Qatar lose the rights to hold the tournaments because of fraud, industry experts said. Russia and Qatar could be stripped of their World Cup hosting rights if evidence emerges of bribery in the bidding process, the head of the audit and compliance committee of soccer's governing body FIFA has said. Lawyers and insurance specialists say many contracts could be annulled or go into dispute if governments, organising bodies, or firms such as sponsors, broadcasters or hospitality providers have taken out cancellation insurance and are found to be linked to fraudulent action.
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| Hong Kong leader extends economic olive branch after veto | |  By Ben Blanchard and Donny Kwok HONG KONG/BEIJING (Reuters) - Hong Kong's leader extended an olive branch of economic stimulus to the city a day after lawmakers vetoed a Beijing-backed electoral reform package, a move economists warned could undermine business in the Asian financial hub. Chief Executive Leung Chun-ying said he would bring a series of economic initiatives to lawmakers next week, and called for their support. Democratic lawmakers had been filibustering all budget items during the city's pro-democracy protests, holding up funding for a variety of slated projects.
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| Insight: Graft stalls Niger's bid to end migrant route to Europe | |  By Daniel Flynn AGADEZ, Niger (Reuters) - In the desert town of Agadez in central Niger, almost anyone can tell you where to find the smugglers' compounds concealing African migrants headed for Europe and when the weekly convoy departs across the Sahara. At a checkpoint on the outskirts of town, police officers turned a blind eye as dozens of smuggler's trucks packed with migrants drove past at nightfall on a regular Monday convoy, starting a three-day drive across the desert to Libya. "They go around us, far off in the desert." Once two migrant trucks have passed, a turbaned fixer hired by a smuggler to pay off the police got back on his scooter and drove away, his work done.
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| U.S. to face differences with China head on at talks next week | |  By David Brunnstrom and Idrees Ali WASHINGTON (Reuters) - The United States said on Thursday it would not "paper over" differences between the United States and China when top officials of the world's two largest economies meet to discuss financial and political strategy in Washington next week. Daniel Russel, assistant secretary of state for East Asia and the Pacific, set the scene for contentious exchanges at the annual U.S.-China Strategic and Economic Dialogue (S&ED) by stressing that differences over the South China Sea, cyber security and human rights would be high on the U.S. agenda. Speaking after revelations of massive cyber attacks on U.S. government computers in the past two weeks, which U.S. officials have blamed on Chinese hackers, Russel said cyber security issues would be raised throughout the talks from Monday to Wednesday in Washington.
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| White man arrested in slaying of nine blacks at South Carolina church | |  By Harriet McLeod and Edward McAllister CHARLESTON, S.C. (Reuters) - A young white man suspected of shooting nine black people dead after spending an hour with them in Bible study at a historic African-American church in South Carolina was arrested on Thursday, a day after a massacre authorities say was motivated by racial hatred. The mass shooting set off an intense 14-hour manhunt that ended with 21-year-old Dylann Roof arrested in a traffic stop in a small North Carolina town, 220 miles (350 km) north of Charleston, where the church rampage occurred, officials said. Roof, who an uncle said received a gun as a 21st birthday present in April and whose social media profile suggests a fascination with white supremacy, waived his right to extradition and was flown back to South Carolina hours after his arrest.
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