Category Archives: News

Putin Writes Off $32 Billion of Cuba’s Debts to Russia

 

By Polly Mosendz | The Atlantic Wire

Russian President Vladimir Putin is currently on a grand tour of Latin America. His first stop is in Havana, Cuba. Ahead of arriving in Cuba, Putin decided to bestow a gift upon the Cuban government. With one swift signature, he eliminated $32 billion of Cuba’s debt, left over from the Soviet era.

Read more » Yahoo News
https://ca.news.yahoo.com/putin-writes-off-32-billion-cubas-debts-russia-150048853.html

1 million workers across the UK walk off their jobs to protest pay and pension cuts in the nation’s largest strike in decades

Public sector strikes hit schools and services around the UK

Hundreds of thousands of people have taken part in rallies and marches across the UK as part of a day of strike action by public service unions. Teachers, firefighters and council workers joined the strike, which follows disputes with the government over pay, pensions and cuts. Thousands of pupils were affected as some 6,000 schools in England closed, the Department for Education said.

Read more » BBC
http://www.bbc.com/news/uk-28240683

 

All aboard: Karachi’s metro bus project to run along same way as Lahore

Karachi: … On Thursday, the prime minister announced that they would launch the Metro Bus Project in the city and will have Rs15 billion set aside for it. “We have decided to take over the green line project in the city,” he said. “The metro bus service will start on the same pattern as Lahore.”

Read more » The Express Tribune
http://tribune.com.pk/story/733869/all-aboard-karachis-metro-bus-project-to-run-along-same-way-as-lahore/

Sindhi Hindu exodus causing humanitarian red alert for India

By ZulfiqarShah

New Delhi: India has become the last destination of Sindhi Hindu from Pakistan, where the state-sponsored seminaries have been victimizing them since last two decades. Over 2000 Hindus have recently refuge in the premises of Delhi in last couple of years; however rough estimates suggest their number during last ten years have crossed one hundred thousand.

Hailing from the secular province of Sindh in Pakistan, their ordeal is the evidence of systematic exodus and their ethnic cleaning by the military establishment supported seminaries and Mullahs. Land grab, forced conversions and marriages of Hindu girls have been heart wrecking ordeal.

Sindh, the second largest province in Pakistan, is the richest in the natural resources like gold, oil, coal and uranium. Analysts believe that the exodus of Sindhi Hindus is being systematically orchestrated by the Pakistan’s establishment, which is monopolized by ethnic Punjabis, and want to take hold of resource rich lands of Sindh as well as intent to alter its demography. The recent reports after Pakistan Army’s operation in Taliban and their associates in the tribal Pashtun area has also been indicating the influx of tribal refugee to Sindh.

“We were either targeted by the criminal gangs in Karachi, Hyderabad and Sukkur divisions of the province or harassed by the seminaries that house ethnic Punjabi or Pshrun Mullahs from Punjab and Khyber Pakhtunkhuwa provinces,” told a few refugee during their protest demonstration in Delhi after fledging from Pakistan.

They have camped in the various places of Delhi and Rajasthan States of India, where they are mostly hosted either by the refugee supporting organizations or by the Hindu political outfits. One such camp in the northern Delhi is looked after by OM-SPBPJM Trust, led by A. K. Solanki. The refugees of Dravidian origin, Baghris called in Sindhi, practicing thousands years old traditions of Hinduism and have sustained as gypsies community in Sindh after the epic war between Arian and Dravidians in 1500 BC India.

On December 10 last years, over one hundred Sindhi refugees protested outside United Nations headquarters in Delhi and demanded international community’s intervention against Pakistani authorities for the crimes against humanity they have committed in Sindh province.

Sindh is the centre-stage of the provinces – federation conflict in Pakistan. On March 23 this year, Sindh rebelled as at least five million Sindhis took to the streets of Karachi and demanded the independence. Sindh is a home of 50 million Sindhi people and is believed to be the historical land, where massive and outrageous freedom movement has emerged during last decade. Hundreds of the Sindhi activists have been killed and more have been involuntarily disappeared by the intelligence agencies like ISI and the Military Intelligence.

Courtesy: CNN

http://ireport.cnn.com/docs/DOC-1151626

Iraq rebels ‘seize nuclear materials’

Iraq has warned the UN that Sunni militants have seized nuclear materials used for scientific research at a university in the city of Mosul. In a letter seen by Reuters, Iraq’s envoy to the UN said nearly 40kg (88lb) of uranium compounds were seized. The letter appealed for international help to “stave off the threat of their use by terrorists in Iraq or abroad”.

Read more » BBC
http://www.bbc.com/news/world-middle-east-28240140

Iraq loses control of chemical weapons depot to ISIS militants

The Iraqi government has informed the United Nations that it has lost control of a former chemical weapons depot to Islamist insurgents affiliated with ISIS, or IS, and cannot carry out its obligations to destroy what’s stored in the compound.

In a letter penned by Iraq’s UN Ambassador Mohamed Ali Alhakim, it was revealed that “armed terrorist groups” took over the Muthanna complex on June 11. Located north of Baghdad, the facility was the main center for chemical weapons production prior to the 1991 Gulf War, and is still home to 2,500 rockets containing the lethal nerve agent sarin.

According to the Associated Press, the compound is now in the hands of the Islamic State extremist group, also known as the Islamic State of Iraq and Syria (ISIS). In the letter to UN Secretary General Ban Ki-moon, Alhakim said that Iraqi officials witnessed the intruders looting some of the equipment before the surveillance system was taken offline.

Read more » RT
http://rt.com/news/171388-iraq-loses-chemical-weapons-depot/

Families of Slain Israeli and Palestinian Teens Turn to Each Other for Comfort

Rachel Fraenkel Touches Hearts With Open Door Policy

By Sigal Samuel

The families of murdered Israeli teen Naftali Fraenkel and murdered Palestinian teen Mohammed Abu Khdeir are drawing comfort from an unexpected source: each other.

Jerusalem mayor Nir Barkat took to Facebook on Sunday to write about an “emotional and special telephone conversation between two families that have lost their sons.” He said that during his visit to the Fraenkel family home, he had a chance to speak to Hussein Abu Khdeir, Mohammed’s father, and express pain at the “barbaric” murder of his son.

Barkat then suggested that Abu Khdeir speak to Yishai Fraenkel, the uncle of Naftali Fraenkel who recently told the press that “the life of an Arab is equally precious to that of a Jew. Blood is blood, and murder is murder, whether that murder is Jewish or Arab.” The two men took Barkat’s advice and comforted one another by telephone.

In a separate visit organized by Rabbi Rafi Ostroff, chair of the religious council of Gush Etzion, Palestinians from the Hebron area showed up at the door of the Fraenkel family, looking to comfort the bereaved.

Asked why they had come, one Palestinian said, “Things will only get better when we learn to cope with each other’s pain and stop getting angry at each other. Our task is to give strength to the family and also to take a step toward my nation’s liberation. We believe that the way to our liberation is through the hearts of Jews.”

Read more: http://forward.com/articles/201500/families-of-slain-israeli-and-palestinian-teens-tu/#ixzz36tEEF0ei

US company signs billion-dollar energy deal with Iran

US company World Eco Energy has signed a preliminary agreement to invest $1.175 billion to generate electricity in Iran. The plan is to turn solid waste into power.

Representatives from the American company and the Chaharmahal-Bakhtiari Province Governor General, Malek-Mohammad Qorbanpour, signed the deal, the Tehran Times reported.

It is expected the project will create 650 immediate jobs, with another 2,000 emerging over the next two to three years, Oorbanpour told the IRNA news agency. Local companies will also be investing the same amount of money into the project.

Read more » http://rt.com/news/170768-iran-energy-deal-usa/

Russian scientists raising funds to rebuild Tesla Tower, satisfy world energy hunger

Two Russian physicists are fundraising to realize their project for wireless energy transmission once proposed by brilliant 20th-century scientist Nikola Tesla. Solar panels and an upgraded Tesla Tower could solve global energy hunger, they say.

Leonid and Sergey Plekhanov, graduates of the Moscow Institute of Physics and Technology, claim they have spent years scrutinizing the Nikola Tesla’s patents and diaries and they believe that with his most ambitious project – transcontinental wireless energy transmissions – Tesla came very close to unprecedented scientific discovery that could be brought to fruition.

The enthusiasts say they need about $800,000 to reconstruct the famous Wardenclyffe Tower once created by Tesla himself to implement his ideas and find a commercial application for his ideas on long-distance wireless energy transmission.

Read more » http://rt.com/news/170468-tesla-tower-rebuild-project/

Anger boils over in the ‘Fallujah of Jordan’

Al-Qaeda flags have been raised in Maan, where residents say they are tired of police brutality and a lack of services.

By 

Maan, Jordan – This southern city – known for violence, riots, and clashes – received worldwide attention last week when new chants and flags were raised, alarming Jordanian authorities.

Dozens of men carried a banner calling the southern city the “Fallujah of Jordan”. Waving al-Qaeda flags as they chanted sectarian-inspired slogans, they celebrated the military gains of the Islamic State of Iraq and Levant (ISIL) – the group that has since re-named itself the Islamic State – in neighbouring Iraq.

Security officials immediately summoned the protest’s organiser, Issam Abu Darwish, a 38-year-old engineer working for Maan’s municipality, for investigation; his family said they have not heard from him since. Abu Darwish’s brother, Ahed, said his brother organised the march in support of Sunni Muslims that are oppressed in Iraq.

Read more » Aljazeera
http://www.aljazeera.com/news/middleeast/2014/07/anger-boils-over-fallujah-jordan-20147575130478577.html#.U7fYJpioZCY.facebook

Neymar unlikely to play in Brazil’s semifinal vs. Germany

Neymar out of the World Cup
By 

Scolari said that Neymar was in tears from the pain when he left the stadium and repeatedly cast doubt upon his star’s ability to play in the semifinal.

Neymar was injured late in the quarterfinal when Juan Zuniga came barreling through him on a ball in the air. Zuniga’s knee hit Neymar in the lower back and the Brazilian crumbled to the ground. Play continued on and at the next whistle, Neymar was lying face down on the ground. Trainers looked at him before stretchering him off of the field with the player in obvious pain.

Read more » SB♦NATION
http://www.sbnation.com/soccer/2014/7/4/5871743/neymar-injury-brazil-germany-semifinal-world-cup-2014

‘We’ll take back Spain’: Fighters claim ISIS to seize ‘occupied lands’

A group of jihadists claiming to be part of ISIS have vowed to invade Spain along with all other “occupied lands” in a video posted on the web.

The men say Spain is the land of their forefathers and that they are prepared to die for their nascent Islamic State.

The video of two men claiming to be militants from the Islamic State of Iraq and the Levant (ISIS) has taken the Spanish media by storm. The minute-long footage shows them speaking in Spanish, and saying that ISIS will take over Spain.

“I tell you, Spain is the land of our forefathers, and, Allah willing, we are going to liberate it, with the might of Allah,” says one of the men. He adds that the group won’t stop at Spain and intends to spread its Islamic Caliphate across the world.

http://www.youtube.com/watch?v=ib1WlP-ae7I

“I say to the entire world as a warning: We are living under the Islamic banner, the Islamic Caliphate. We are going to die for it until we liberate all the occupied lands, from Jakarta to Andalusia,” he said.

The footage has not yet been independently verified, but it would not be the first video released by the group. Last month, ISIS released a propaganda video entitled: “There Is No Life Without Jihad” in which Australian and British members of the group appealed in English for Muslims across the world to join their cause.

Read more » RT
http://rt.com/news/170480-spain-isis-invade-threat/

The death of each child should be condemned. Be it an Israeli or a Palestinian, both have equal right to live in peace.

US and UN condemn killing of Palestinian boy in Israel

The US and UN have condemned the abduction and murder of a Palestinian teenager in Israel, which sparked fierce clashes in East Jerusalem. US Secretary of State John Kerry called it “sickening” while the UN demanded justice over the “despicable act”.

Read more » BBC
http://www.bbc.com/news/world-middle-east-28138860

Indian actor turned politician threatens to send “my boys” to rape female Communist Party activists

Trinamool Leader’s Shocker: ‘Will Ask My Boys to Go and Rape CPM Women

Reported by Monideepa Banerjie, Edited by Prasad Sanyal

Kolkata Tapas Pal, popular Bengali actor and a member of Parliament from Mamata Banerjee’s Trinamool Congress has been caught on camera purportedly saying, “I will ask our boys to go and rape CPM women if necessary.”

The footage aired by local TV channels is hazy, but Mr Pal is clearly heard making the shocking threat while addressing party workers and assuring them that members of other parties will not be allowed to harm them. He also allegedly makes other threats.

Read more » NDTV
http://www.ndtv.com/article/india/trinamool-leader-s-shocker-will-ask-my-boys-to-go-and-rape-cpm-women-550555

A Mass Protest in Hong Kong Defies Beijing

Huge Crowds Turn Out for Hong Kong Pro-Democracy March

In what may be the biggest demonstration in a decade, hundreds of thousands of people marched in Hong Kong to demand greater democracy.

By 

HONG KONG — Hundreds of thousands of people held one of the largest marches in Hong Kong’s history on Tuesday to demand greater democracy, defying intermittent tropical downpours and Beijing’s dwindling tolerance for challenges to its control.

A nearly solid river of protesters — most of them young — poured out of Victoria Park through the afternoon and into the evening, heading for the heart of the city. The sea of protesters showed their determination by waiting unflinchingly and with barely a complaint for hours under a succession of deluges just for their chance to walk through the skyscraper-lined canyons of downtown Hong Kong, carrying banners calling for the introduction of full democracy and “Say No to Communist China.”

Read more » The New York Times
http://www.nytimes.com/2014/07/02/world/asia/hong-kong-china-democracy-march.html?hp&action=click&pgtype=Homepage&version=LargeMediaHeadlineSum&module=photo-spot-region&region=photo-spot&WT.nav=photo-spot

Christian Father Commits Suicide After ISIS Members Rape Wife and Daughter in Front of Him Because He Couldn’t Pay Poll Tax

BY LEONARDO BLAIR , CP REPORTER

A Christian father who watched his wife and daughter get brutally raped by members of the militant group, Islamic State of Iraq and Syria (ISIS) because he couldn’t pay them a poll tax in Mosul, Iraq, killed himself under the weight of the trauma this past weekend.

A report from the Assyrian International News Agency said ISIS began enforcing Islamic laws in the northern Iraq city which they overran on June 10.

Read more » The Christian Post
http://www.christianpost.com/news/christian-father-commits-suicide-after-isis-members-rape-wife-and-daughter-in-front-of-him-because-he-couldnt-pay-poll-tax-122220/

How Did Ancient Indus Civilization Avoid War for 2,000 Years?

By Annalee Newitz

The Harappan civilization dominated the Indus River valley beginning about five thousand years ago, many of its massive cities sprawling at the edges of rivers that still flow through Pakistan and India today. But its culture remains a mystery. Why did it leave behind no representations of great leaders, nor of warfare?

Archaeologists have long wondered whether the Harappan civilization could actually have thrived for roughly 2,000 years without any major wars or leadership cults. Obviously people had conflicts, sometimes with deadly results — graves reveal ample skull injuries caused by blows to the head. But there is no evidence that any Harappan city was ever burned, besieged by an army, or taken over by force from within. Sifting through the archaeological layers of these cities, scientists find no layers of ash that would suggest the city had been burned down, and no signs of mass destruction. There are no enormous caches of weapons, and not even any art representing warfare.

That would make the Harappan civilization an historical outlier in any era. But it’s especially noteworthy at a time when neighboring civilizations in Mesopotamia were erecting massive war monuments, and using cuneiform writing on clay tablets to chronicle how their leaders slaughtered and enslaved thousands.

What exactly were the Harappans doing instead of focusing their energies on military conquest?

Read more » iO9
http://io9.com/a-civilization-without-war-1595540812?utm_campaign=socialflow_io9_facebook&utm_source=io9_facebook&utm_medium=socialflow

Pakistan needs to make hard choices now: Hillary

Former US secretary of state says Islamabad’s policy of strategic depth no longer valid

By Anwar Iqbal

WASHINGTON: Former US secretary of state Hillary Clinton has said that Pakistan’s policy of seeking strategic depth in Afghanistan has been proven wrong and the country now needs to focus all its strength on dealing with the militants.

“Their idea, that they have these groups to provide strategic depth, as they like to say, vis-a-vis Afghanistan, or vis-a-vis India, I think if that were ever true, which I doubt, but if that were ever true, it no longer is,” she told Indian NDTV channel.

In the interview that focused on her new book, ‘Hard Choices’, Ms Clinton said that Pakistan also needed to make a hard choice now, disconnecting its ties to various terrorist groups and putting together all state powers to “once and for all go after extremists, shut down their training camps, their safe havens, (and) madressahs that are inculcating suicide bombing behaviour.”

Read more » DAWN
http://www.dawn.com/news/1114535/

 

Tens of thousands march in London against coalition’s austerity measures

An estimated 50,000 people in London addressed by speakers, including Russell Brand, after People’s Assembly march

By  and agencies

Tens of thousands of people marched through central London on Saturday afternoon in protest at austerity measures introduced by the coalition government. The demonstrators gathered before the Houses of Parliament, where they were addressed by speakers, including comedians Russell Brand and Mark Steel.

An estimated 50,000 people marched from the BBC’s New Broadcasting House in central London to Westminster.

“The people of this building [the House of Commons] generally speaking do not represent us, they represent their friends in big business. It’s time for us to take back our power,” said Brand.

Read more » The Guardian
http://www.theguardian.com/politics/2014/jun/21/protest-march-austerity-london-russell-brand-peoples-assembly#start-of-comments

Pakistan’s Federal minister for Planning & Development, Ahsan Iqbal’s son Ahmed Iqbal’s remarks against Pak Army

“The responsibility of all terrorist attacks falls squarely on the armed forces & intelligence agencies. People of Pakistan have made enough sacrifices. It is time that that these institutions start doing their job of protecting Pakistan & not themselves. There would no war, no Taliban, no external threat if they would have done their job. It is high time to not only hit back at terrorists but to secure Pakistan’s future by dealing with this menace. Spend on education, health, development, people & …. the army!”  “Warna, yeh Taliban Ko Paalnay Waali, India Ko Ukssanay waali, Jamhoriat Ko Lapaytnay waali Fauj apnay bojh talay Is Mulk Ko Kuchal day gi.” ~ Ahmed Iqbal Chaudhary

Read more » http://pakobserver.net/detailnews.asp?id=244363

More details »» Roznama Dunya
http://e.dunya.com.pk/colum.php?date=2014-06-16&edition=LHR&id=31946_74196307

Mass beheadings reported in Iraq as al-Qaeda forces take Mosul and Tikrit

Iraq crisis: ISIS militants push towards Baghdad – live

Group claims mass killings of Iraqi troops, as militants battle security forces 50 miles from Baghdad – follow latest developments – follow latest developments

By 

It is impossible to confirm at present whether the ISIS claim on Twitter to have executed 1,700 Shia soldiers in Iraq is accurate, or an exaggeration intended to create fear among the Shia populace. But earlier, the UN high commissioner for human rights, Navi Pillay, expressed “extreme alarm” at the situation and spoke of verified reports of “summary executions and extrajudicial killings”. Some of the reports cited suggest that Iraqi security forces are being purged, though it is unclear whether there is an ethnic dimension to all of the killings.

According to the UN mission in Iraq, “the number of people killed in recent days may run into the hundreds and the number of wounded is said to be approaching one thousand,” Rupert Colville, Ms Pillay’s spokesman, said in Geneva.

He said UN had received reports of horrific abuses after the capture of Iraq’s second city Mosul, one such case involving the “summary executions of Iraqi soldiers (and) of 17 civilians” thought to have been working for the police, in one particular street in Mosul on 11 June.

Read more » The Telegraph
http://www.telegraph.co.uk/news/worldnews/middleeast/iraq/10892299/Iraq-crisis-ISIS-militants-push-towards-Baghdad-live.html

Americans Being Evacuated from Iraq Air Base

Officials say three planeloads of Americans are being evacuated from a major Iraqi air base in Sunni territory north of Baghdad to escape potential threats from a fast-moving insurgency.

A current U.S. official and a former senior Obama administration official say that means the American training mission at the air field in Balad has been grounded indefinitely.

Twelve U.S. personnel who were stationed at Balad were the first to be evacuated. Several hundred American contractors are still waiting to leave.

They have been training Iraqi forces to use fighter jets and surveillance drones.

Other U.S. contractors at a tank training ground in the city of Taji (TAH’-jee) is still ongoing for now.

The officials spoke on condition of anonymity because they refused to be named in discussing the sensitive situation.

©2014 by The Associated Press.

– See more at: http://pamelageller.com/2014/06/americans-evacuated-iraq-air-base.html/#sthash.nyj0VAfy.dpuf

A cultural do of Sindhi Council at Chitnavis Centre in Nagpur was full of fervour

Creativity and talent were at its peak at the cultural do – Sindhis got Talent – organised by the Sindhi Council of India, Nagpur ladies chapter, at Chitnavis Centre, recently. People from all age groups participated

Read more » The Times of India
http://timesofindia.indiatimes.com/entertainment/events/nagpur/A-cultural-do-of-Sindhi-Council-at-Chitnavis-Centre-in-Nagpur-was-full-of-fervour/articleshow/36394989.cms

Russia to supply Mi-35 helicopter to Pakistan

ISLAMABAD: Russia has decided to lift the ban on the Mi-35 Hind attack helicopter to Pakistan, said Russian Ambassador to Pakistan Alexey Dedov, Express News reported.
In a press conference on Tuesday, the ambassador also said Russia had agreed to sell the helicopters to Pakistan to assist the country with terrorism and the security related issues.
Earlier this month, Russia was still holding talks with Pakistan on the supply of the combat helicopters, and had lifted its embargo on the arms supply to Pakistan.
“Such a decision has been taken. We are holding talks on supplying the helicopters,” head of state-owned Rostec, Sergei Chemezov said, adding that the negotiations were about Russian Mi-35 Hind attack helicopters.

Read more » The Express Trubune
http://tribune.com.pk/story/719921/russia-to-supply-mi-35-helicopter-to-pakistan/

White supremacist couple who killed two cops and an innocent Walmart shopper ‘wanted to overthrow the government and liked to dress up as the Slender Man’

By RYAN GORMAN and LYDIA WARREN

A husband and wife in their late 20s stormed a North Las Vegas pizzeria on Sunday morning and shot dead two police officers, one in the head
They then ran to a Walmart where they shot a woman dead before taking their own lives in a suicide pact
Police ‘found white supremacist paraphernalia including swastikas and a manifesto in the couple’s apartment during a search’
Neighbors described the pair as meth users obsessed with conspiracy theories and said they had talked about overthrowing Obama
They often dressed up as the Joker or Slender Man – the fictional killer who was cited as the motive behind the stabbing of a girl, 12, last week
The slain police officers have been identified as dad-of-three Alyn Beck, 41, and Igor Soldo, 31, who had a newborn baby
Read more: Daily Mail

http://www.dailymail.co.uk/news/article-2652306/BREAKING-As-five-people-feared-dead-Las-Vegas-shooting.html#ixzz34FxfhiCt

 

The jobs don’t pay enough and the rents are insane. Now New York City’s young add student loans to their misery 

Young and in Debt in New York City

Student Loans Make it Hard to Rent or Buy a Home

By 

For young people, moving to New York City hasn’t made much mathematical sense for decades. The jobs don’t pay enough, the internships don’t pay at all, and the rents are prohibitive by any sane standard.

But now add a new economic fact of life to that list: soaring student loandebt. More students are taking out bigger loans than ever before, and in the last 10 years alone, education debt tripled, reaching over $1 trillion. A record number of college students are graduating knee deep in a financial hole before they begin their adult lives.

Still, new research suggests that college is working, economically. Four years on campus nets the average graduate almost twice as much in wages as someone without a degree. Those odds may be comforting in the long run, but not when you’re young, deeply in debt and trying to nest in New York City.

Read more » The New York Times

Pakistan’s Karachi airport under attack: officials

Karachi (AFP) – Heavily armed militants attacked Pakistan’s busiest airport in the southern city of Karachi Sunday night, forcing the suspension of all flights, officials said.

Senior police official Rao Muhammad Anwar said the militants were armed with automatic weapons and grenades and were exchanging gunfire with security officials.

“Exchange of fire is continuing. We don’t know the exact number of the attackers but suspect four to six terrorists have attacked the airport,” he said.

Read more » Yahoo News
http://news.yahoo.com/pakistans-karachi-airport-under-attack-officials-191503030.html

Facebook under fire for blocking pages in Pakistan

By New York Times

By Declan Walsh and Salman Masood 

LONDON: Facebook said Friday that it had blocked users in Pakistan from access to the pages of a popular Pakistani rock band and several left-wing political pages, drawing sharp criticism from free-speech activists who accused the US company of caving in to government censors.

Members of the band, Laal, whose members have frequently spoken out against the Taliban, confirmed that their Facebook page, which had more than 400,000 “likes,” had been blocked.

After an outcry on so ..

Geo News to sue ISI for defamation

By Reuters

ISLAMABAD: Geo News is suing the Inter-Services Intelligence (ISI) for defamation over accusations of being anti-state, it said on Friday.

Geo News, part of the privately-owned Jang Group, has also given the ISI 14 days to issue a public apology.

“Geo and Jang Group (have) served a legal notice on the Ministry of Defence, Inter-Services Intelligence and Pakistan Electronic Media Regulatory Authority for defaming and maligning the group,” the channel said in a report published in a newspaper owned by the media house.

“More than 8,000 journalists, workers and professionals attached to the group and their families are not only being harassed but also attacked and tortured across Pakistan.”

The suing by Geo News was followed by a suspension of the channel’s license for 15 days along with a fine of Rs10 million.

Read more » DAWN
http://www.dawn.com/news/1110985

European Central Bank hurls cash at sluggish euro zone economy, seeks to force bank lending

FRANKFURT (Reuters) – The European Central Bank launched a raft of measures on Thursday to fight low inflation and boost the euro zone economy, cutting rates, imposing negative interest rates on its overnight depositors and offering banks new long-term funds.

By John O’Donnell and Eva Taylor

FRANKFURT (Reuters) – The European Central Bank launched a raft of measures on Thursday to fight low inflation and boost the euro zone economy, cutting rates, imposing negative interest rates on its overnight depositors and offering banks new long-term funds.

The ECB cut all its main rates to record lows in a drive to fight off the risk of Japan-like deflation and bring down the euro’s exchange rate. For the first time, it will charge banks 0.10 percent for parking funds at the central bank overnight.

It stopped short of large-scale asset purchases known as quantitative easing for now, but ECB President Mario Draghi said more action would come it necessary.

Draghi outlined a four-year 400 billion euro ($544.86 billion) scheme giving banks that have been holding back credit due to looming stress tests an incentive to increase lending to businesses in the euro zone.

“Now we are in a completely different world,” Draghi told a news conference, citing “low inflation, a weak recovery and weak monetary and credit dynamics”.

The package, adopted unanimously, was aimed at increasing lending to the “real economy”, he said.

Other steps included extending the duration of unlimited cheap liquidity for euro zone banks, injecting about 170 billion euros by stopping tenders that withdrew funds spent on past government bond purchases, and preparing for possible future purchases of asset-backed securities to support small business.

Read more » MSN
http://money.ca.msn.com/investing/news/breaking-news/ecb-hurls-cash-at-sluggish-euro-zone-economy-seeks-to-force-bank-lending