Turkey's Erdogan wants army, spy agency brought under presidency control: Turkish official
Thu, 28 Jul 2016 12:11:46 -0400
Turkish President Tayyip Erdogan wants the armed forces and the national intelligence agency (MIT) to be brought under the control of the presidency, a Turkish official said on Thursday. The comments came after a meeting of Turkey's Supreme Military Council (YAS) that was expected to agree a sweeping overhaul of the armed forces following a failed military coup on July 15-16. Turkish authorities were expected to announce details of the changes later on Thursday.
Niceties abound as Johnson meets French minister who called him liar
Thu, 28 Jul 2016 12:08:38 -0400
By Leigh Thomas PARIS (Reuters) - Modestly shaking his head to deny he was any good at speaking French, Britain's new foreign secretary Boris Johnson sought to charm a media audience in Paris during a joint appearance with his French counterpart, who recently called him a liar. At a news conference after private talks, Johnson and Jean-Marc Ayrault exchanged assurances of friendship but left without taking questions from a roomful of journalists eager to probe the awkwardness behind the niceties. Johnson was the leading figure in the campaign for Britain to leave the European Union ahead of a June 23 referendum that resulted in a vote for Brexit and plunged the 28-member bloc into crisis and soul-searching.
After Obama's big warm-up, Clinton to make case for the White House
Thu, 28 Jul 2016 12:03:40 -0400
By Alana Wise and Jeff Mason PHILADELPHIA (Reuters) - Hillary Clinton makes her case for the White House on Thursday night, armed with a ringing endorsement from President Barack Obama and the crucial backing of the opponent she beat to become the Democratic Party candidate for November's election. Capping a Democratic Party convention that has sought to heal divisions from a protracted primary battle, former Secretary of State Clinton, 68, will accept the nomination to run against Republican Donald Trump. In doing so, she will become the first woman presidential candidate of a major U.S. party.
Internal auditor slams IMF handling of Greece bailout
Thu, 28 Jul 2016 12:01:07 -0400
An independent probe into the IMF's handling of European bailouts found that it bent its rules and was vulnerable to political pressure as it embarked on the ill-fated 2010 Greece rescue. The International Monetary Fund's Independent Evaluation Office said in its report Thursday that in the plunge into the eurozone crisis, the Fund's executive board was poorly informed and exercised too little oversight over decisions which taxed the Fund's resources. The IEO report bluntly criticized the rush by the Fund's management, led former French finance minister Dominique Strauss-Kahn up to May 2011, to join the European Central Bank and European Commission in the crisis bailouts of Greece, Ireland and Portugal.
Turkey's investment grade hangs in balance as post-coup purges deepen
Thu, 28 Jul 2016 11:58:32 -0400
By Asli Kandemir ISTANBUL (Reuters) - A crackdown in Turkey after a failed coup could further weaken its institutions and threaten its investment grade status, investors fear, as dismissals and detentions stretch from the judiciary into the private sector and even the central bank. Turkey has suspended, detained or put under investigation more than 60,000 soldiers, judges, teachers, journalists and others suspected of ties to the network of U.S.-based cleric Fethullah Gulen, whom it blames for the July 15-16 coup attempt. What began as a purge in the security services and judiciary has spread to commercial firms and financial institutions.
Samsung extends lead over Apple in smartphone market
Thu, 28 Jul 2016 11:58:21 -0400
Samsung extended its lead in the global smartphone market over Apple in the second quarter, gaining from the launch of its updated flagship handsets, surveys showed Thursday. The South Korean giant delivered 77 million smartphones in the quarter, up 5.5 percent from a year ago, for a market share of 22.4 percent, research firm IDC said. Samsung got a lift from the March launch of its Galaxy S7 and S7 Edge flagship models, with an upgraded processor, waterproofing and other features, IDC noted.
Army: Solider dies after falling ill during Ranger School
Thu, 28 Jul 2016 11:54:50 -0400
FORT BENNING, Ga. (AP) — A 21-year-old Army officer has died after falling ill during his first day at the military's grueling Ranger School in Georgia.
Corporate lawyers argue over whether Colbert can be Colbert
Thu, 28 Jul 2016 11:54:22 -0400
NEW YORK (AP) — After CBS "Late Show" host Stephen Colbert told viewers that lawyers representing his old Comedy Central show said he couldn't be "Stephen Colbert" anymore, he thumbed his nose at them with a transparent dodge.
Russia says United States stance on Syria allows terrorists to regroup: RIA
Thu, 28 Jul 2016 11:53:06 -0400
MOSCOW (Reuters) - The United States has still not differentiated between terrorists and the co-called moderate opposition in Syria, which allows militants to prepare new offensives, RIA news agency cited a Russian deputy foreign minister as saying on Thursday. "There is an element here of a political ruse at least," Sergei Ryabkov was quoted as saying. (Reporting by Lidia Kelly; Writing by Maria Tsvetkova)
Oracle boosts cloud business with $9.3 bn acquisition
Thu, 28 Jul 2016 11:52:50 -0400
Software giant Oracle agreed to acquire cloud computing company NetSuite for $9.3 billion in cash, the companies announced Thursday. Oracle will incorporate NetSuite's cloud-based financial management and resource planning products into its offerings to corporate clients. "Oracle and NetSuite cloud applications are complementary, and will coexist in the marketplace forever," said Mark Hurd, chief executive, Oracle.