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| HSBC must face U.S. lawsuits over $34 billion mortgage debt losses | |  By Jonathan Stempel NEW YORK (Reuters) - HSBC Holdings Plc was on Monday ordered to face three U.S. lawsuits accusing it of breaching its duties as a trustee overseeing residential mortgage-backed securities that suffered more than $34 billion of losses in the global financial crisis. U.S. District Judge Shira Scheindlin in Manhattan said the plaintiff investors, including funds from BlackRock Inc , Allianz SE's Pacific Investment Management Co and TIAA-CREF, could pursue claims accusing HSBC of breach of contract, and concealing known defects in mortgage loans backing 283 trusts. "Based on plaintiffs' detailed allegations, it is indeed plausible to infer that HSBC had actual knowledge of breaches in representations and warranties in the specific loans at issue," Scheindlin wrote in a 53-page decision.
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| Egypt says uncovers Brotherhood plot, day before Mursi sentencing | | | Egypt said on Monday it had thwarted a Muslim Brotherhood plot against the state, a day before a court is expected to give a final ruling on a death sentence recommendation against Mohamed Mursi, Egypt's former Islamist president. Mursi was removed by then-army chief Abdel Fattah al-Sisi nearly two years ago following mass protests against his rule. Last month an Egyptian court sought the death penalty for Mursi and 106 supporters of his Muslim Brotherhood in connection with a mass jail break in 2011. |
| FIFA scandal prompts house arrest of ex-South American soccer chief | | | A Paraguayan judge on Monday ordered house arrest for the former president of South America's soccer federation, who is accused by the United States of involvement in a corruption scandal that has rocked world soccer. Nicolas Leoz is among nine soccer officials and five sports media and promotions executives hit with U.S. graft charges involving more than $150 million in bribes. Leoz headed the regional CONMEBOL federation for 27 years, stepping down in 2013. |
| Migrant boat still being held off Myanmar coast - government | |  By Hnin Yadana Zaw YANGON (Reuters) - More than 700 migrants found packed aboard an overcrowded boat in the Andaman Sea were still being held offshore by Myanmar's navy on Monday, more than three days after the converted fishing vessel was intercepted off the country's coast. "The government is checking their identity, asking what they want to do and where they want to go," government spokesman Ye Htut told Reuters, without providing further details of the boat's location. "Usually, most of them want to go back to Bangladesh, so we will arrange according to their wishes." Government officials have been tight-lipped about the identities of 727 migrants on the overcrowded boat, found drifting and taking on water early Friday, as well as their eventual destination.
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| Thai general suspended after warrant issued for human trafficking | | | Thailand's military suspended a three-star general on Monday after police ordered his arrest on suspicion of human trafficking as pressure mounts on Bangkok to block the illicit trade. Lieutenant General Manus Kongpan will be questioned by the military and could be expelled if found to have breached its code of conduct, prior to facing a criminal trial, Thai army chief General Udomdej Sitabutr told reporters. Southern Thailand has been a major base for smugglers and traffickers taking people by boat from Myanmar and Bangladesh to Southeast Asia in a trade that activists say has flourished for years. |
| Exclusive - Migrant children fleeing poverty face labour, sex exploitation in Italy | |  By Tom Esslemont ROME (Thomson Reuters Foundation) - In a cavernous market just outside Rome, migrant boys from North Africa shunt trolleys stacked high with crates of melons, garlic, tomatoes, strawberries and other Italian produce. Some of the younger market porters, believed as young as 12 and known to be working illegally, bowed their heads when approached by the Thomson Reuters Foundation, dodging eye contact before disappearing into warehouses. More than half of them were unaccompanied minors, many from North African countries including Egypt.
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| Soccer-England looking alone in World Cup boycott call | | | By Mitch Phillips LONDON (Reuters) - England was looking increasingly isolated in its call for a boycott of soccer's World Cup on Monday as a senior UEFA official cast doubt on the idea and the rest of Europe remained near-silent. Following Sepp Blatter's re-election as FIFA president last week, the English Football Association's chairman Greg Dyke said his organisation would support any boycott led by the UEFA, the sport's European federation. |
| New global development goals must address modern slavery - Satyarthi | |  By Nita Bhalla NEW DELHI (Thomson Reuters Foundation) - Governments must address human trafficking and slavery in a global development pact later this year, Nobel Peace Laureate Kailash Satyarthi said on Monday, warning that the credibility of humanity was at stake if countries failed to deliver. United Nations member states aim to agree in September a set of Sustainable Development Goals (SDGs)- targets for making progress and reducing inequality in areas such as poverty, health, education, women's rights and climate change by 2030. "The SDGs are going to be the future framework for development and the guiding document for development at country level and globally," Indian-born Satyarthi, who was jointly awarded the 2014 Nobel Peace Prize with Pakistani schoolgirl Malala Yousafzai, told the Thomson Reuters Foundation in an interview.
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