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News In Brief

Thursday, October 12, 2017

Triple suicide attack near Damascus police HQ: ministry
Three suicide bombers blew themselves up near the main police headquarters building in Syria's capital Damascus today, killing at least one person, the interior ministry said. Two of the suicide bombers detonated their explosives in front of the police headquarters on Khaled Bin al-Walid street in central Damascus, the interior ministry said in a statement carried by state media.

California wildfires reduces years-long dreams to embers
Jose Garnica worked for more than two decades to build up his dream home that was reduced to ashes in a matter of minutes by the deadly firestorm striking Northern California that had killed at least 17 people. Garnica, who moved to the US from Mexico over 20 years ago, had finally decided he could afford to upgrade parts of his Santa Rosa house after building a stable career with the local garbage company and saving nearly everything he and his wife earned.

Belgium charges new suspect over 2016 Brussels suicide attacks
Belgian authorities have arrested and charged a man with terrorism offences over the March 2016 suicide bombings in Brussels, the latest in the ongoing case, prosecutors said today. The 39-year-old man named as Brahim T., a Belgian national, was arrested on a warrant from an investigating judge and is due to appear in court for a pre-trial hearing in the coming next few days, the federal prosecutor's office also wenton to add.

Weak banks and corporates leave India vulnerable: IMF
The IMF today said a combination of weak banks and corporates leaves India vulnerable to a tightening in the global financial conditions, as it pressed for more steps to ensure good capitalisation in public sector banks. A recent study, according to International Monetary Fund Financial Counsellor Tobias Adrian, showed that Indian banking sector was vulnerable given that large segments have low profitability and have large problem loans. "We also found that Indian corporate remains highly leveraged and at high risks. So the combination of weak banks and weak corporates leaves India vulnerable to a tightening in global financial conditions," Adrian told reporters here.

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