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UPDATE 1-IEA does not expect "huge increase" in crude prices - executive director

UPDATE 1-IEA does not expect "huge increase" in crude prices - executive directorThe International Energy Agency (IEA) doesn't expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, its executive director said on Friday. "Prices are determined by the markets...If we see the market today we see that the demand is slowing down considerably," said IEA's Fatih Birol, in public comments made during a two-day energy conference in New Delhi. The IEA is revising its 2019 global oil demand growth forecast down to 1.1 million barrels per day (bpd) and may cut it again if the global economy and especially China shows further weakness, Birol told Reuters in an interview on Thursday.

Fri, 19 Jul 2019 02:28:37 -0400
Germany honors resisters who tried to assassinate Hitler

Germany honors resisters who tried to assassinate HitlerGermany is marking the 75th anniversary of the most famous plot to kill Adolf Hitler, honoring those who resisted the Nazis who were stigmatized for decades as traitors as pillars of the country's modern democracy amid growing concerns about the resurgence of the far-right. Chancellor Angela Merkel, who will speak Saturday at an annual swearing-in ceremony for some 400 troops before addressing a memorial event, paid tribute ahead of the anniversary to executed plot leader Col. Claus von Stauffenberg and his fellow conspirators and highlighted their importance to modern Germany. Von Stauffenberg tried to kill Hitler with a briefcase bomb on July 20, 1944, during a meeting at his headquarters in East Prussia.

Fri, 19 Jul 2019 02:28:35 -0400
South Africa's Zuma due back at corruption inquiry after adjournment

South Africa's Zuma due back at corruption inquiry after adjournmentFormer South African president Jacob Zuma was due back at a public inquiry into state corruption on Friday, after his lawyers requested an adjournment because they said he was being questioned unfairly. Zuma, ousted by the governing African National Congress (ANC) party in February 2018, ducked and dived during three days of testimony at the inquiry this week, before his lawyers requested the adjournment on Wednesday. The inquiry, which Zuma agreed to set up in his final weeks in office, is shining a spotlight on the allegations of corruption and influence-peddling that were a hallmark of his nine years in power.

Fri, 19 Jul 2019 02:27:49 -0400
Dutch Supreme Court set to rule in Srebrenica liability case

Dutch Supreme Court set to rule in Srebrenica liability caseThe Dutch Supreme Court is ruling Friday in a long-running legal battle over whether the Netherlands can be held liable in the deaths of more than 300 Muslim men who were murdered by Bosnian Serb forces during the 1995 Srebrenica massacre. The Netherlands' highest court is passing judgment in appeals against a 2017 ruling by a lower court that the Dutch government was partially liable in the men's deaths during the bloody climax of the 1992-95 Bosnian war. The overall Srebrenica massacre of some 8,000 Muslim men and boys was the worst mass killing in Europe since World War II.

Fri, 19 Jul 2019 02:24:20 -0400
UPDATE 1-Australia "deeply disappointed" by writer's detention in China

UPDATE 1-Australia "deeply disappointed" by writer's detention in ChinaAustralia is "deeply disappointed" that Chinese-Australian writer Yang Hengjun has been transferred to criminal detention in China, Foreign Minister Marise Payne said in a strongly-worded statement on Friday. Yang, who was born in China, was detained in the southern city of Guangzhou in January amid growing tension between Australia and its largest trading partner after Chinese telecoms giant Huawei was blocked from participating in a 5G mobile project last year.

Fri, 19 Jul 2019 02:17:49 -0400
Talks between Venezuela govt and opposition continuing, says mediator Norway

Talks between Venezuela govt and opposition continuing, says mediator NorwayTalks between the government of Venezuelan President Nicolas Maduro and the opposition are continuing in Barbados, the foreign ministry from mediator Norway said late on Thursday in a rare statement about the progress of the discussions. "The representatives of the central political actors in Venezuela are continuing the negotiations initiated in Oslo with the purpose of working continuously and as efficiently as possible," the ministry said in a statement. Talks resumed this week to try to find ways to resolve the political crisis in the Latin American nation.

Fri, 19 Jul 2019 01:58:26 -0400
GLOBAL MARKETS-Asia stocks firm as Fed props up rate cut expectations

GLOBAL MARKETS-Asia stocks firm as Fed props up rate cut expectationsAsian stocks rose on Friday after a top Federal Reserve official cemented expectations of a U.S. interest rate cut later this month, fuelling appetite for riskier assets and keeping a cap on the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan was up 1%, bouncing back from the previous day's losses, while Japan's Nikkei advanced 2%. New York Fed President John Williams said on Thursday that policymakers could not wait for economic disaster to hit before adding stimulus, in a speech read as a strong argument in favour of quick monetary action.

Fri, 19 Jul 2019 01:48:17 -0400
Duterte foes cry foul as Philippine police push sedition charges

Duterte foes cry foul as Philippine police push sedition chargesOpponents of Philippine President Rodrigo Duterte expressed shock and outrage on Friday at police moves to charge dozens of them with sedition, calling it persecution aimed at stamping out scrutiny of his increasingly powerful rule. Thirty-six opposition figures are accused of cyber libel and sedition for orchestrating a series of online videos ahead of May's mid-term elections. The videos feature a hooded man alleging that Duterte and his family members were involved in the illegal drugs trade, which they deny.

Fri, 19 Jul 2019 01:23:01 -0400
Iran's deputy foreign minister says Tehran has not lost any drones

Iran's deputy foreign minister says Tehran has not lost any dronesIranian Deputy Foreign Minister Abbas Araqchi denied on Friday that Iran had lost a drone in the Strait of Hormuz after the United States said that a U.S. Navy ship had "destroyed" an Iranian drone. "We have not lost any drone in the Strait of Hormuz nor anywhere else.

Fri, 19 Jul 2019 01:16:15 -0400
Four Chicago police officers fired for cover-up in Laquan McDonald killing

Four Chicago police officers fired for cover-up in Laquan McDonald killingThe video had a key role in Thursday's decision, as the images it revealed contradicted police reports, the nine-member city police panel found in a decision released online. "Each respondents misconduct is incompatible with continued service as an officer and warrants a penalty of discharge from the Chicago Police Department," the Police Board of the City of Chicago said in its 55-page decision. The panel fired the officers for violating the police code of conduct in the alleged cover-up of the death of McDonald, 17, who was carrying a knife, but walking away from officers when he was shot 16 times by police.

Fri, 19 Jul 2019 01:15:13 -0400
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