Heartbreaking Photos Show Thousands Displaced After A Huge Fire Destroyed A Refugee Camp

Fires have ravaged Europe’s largest migrant camp, leaving about 12,000 people without shelter. Fanned by high winds, the blaze first broke out Tuesday at Moria camp on the Greek island of Lesbos. Large stretches of the camp burned down. Only a medical facility and some small clusters of tents were left standing, according to the New York Times. No deaths were initially reported. The fires continued through Wednesday, leaving most of the camp’s residents homeless. Police reinforcements were brought in …

Japan’s Suga signals ultra-easy monetary policy to continue

Yoshihide Suga, chief cabinet secretary of Japan, speaks during a press conference. Akio Kon | Bloomberg | Getty Images Japan’s Chief Cabinet Secretary Yoshihide Suga, a frontrunner to be the next prime minister, said he would like the central bankt o continue its ultra-loose monetary policy as the economy is still struggling with the impact of the coronavirus pandemic. In an interview that ran on Saturday in the Nikkei newspaper, Suga also said he would consider compiling another economic stimulus …

Boris Johnson is ‘fascinated’ by Donald Trump, says ex-diplomat

Lord Darroch, a former British ambassador to the US, has said Boris Johnson is fascinated and inspired by Donald Trump and is intrigued by the US president’s patchy relationship “with the facts and the truth”. In a new book serialised in the Times, Darroch said Johnson must share the blame for his resignation as ambassador to Washington, which followed the leaking of diplomatic cables disparaging Trump. Darroch wrote that Johnson had been “fascinated” by Trump on visits to Washington as …

Former Indian President Pranab Mukherjee dies at age 84

Former President Pranab Mukherjee, a senior leader of India’s opposition Congress party, has died August 31, 2020, 1:05 PM • 1 min read NEW DELHI — Former President Pranab Mukherjee, a senior leader of India’s opposition Congress party, has died. He was 84. Mukherjee had emergency surgery for a blood clot in his brain on Aug. 10 at New Delhi’s Army Hospital Research and Referral. The hospital said he tested positive for COVID-19 after the surgery and his condition was …

Japan’s next leader faces a ‘difficult year,’ after longtime Prime Minister Abe’s sudden resignation

Whoever succeeds Shinzo Abe as Japan’s next prime minister is set for a “difficult year” ahead, Teneo Intelligence’s Tobias Harris told CNBC in an email. The analyst said the next leader needs to address pressing, “significant issues” after Abe’s surprise resignation of long-standing incumbent on Friday. Harris said that includes a “wide-open debate” about Japan’s national security strategy as well as new defense program guidelines and negotiations with the U.S. over host-nation support. “The next prime minister will also either …

Asia stocks mostly rise; Japan leads gains with trading stocks jumping

Markets in Asia Pacific were largely higher in Monday afternoon trade, with Japan stocks leading gains as investors monitor political developments in the country. Mainland Chinese stocks were higher in the morning, with the Shanghai composite up 0.8% while the Shenzhen component gained 0.619%. Hong Kong’s Hang Seng index jumped 1.36%. China announced Monday that manufacturing activity expanded in August. The official manufacturing Purchasing Managers’ Index (PMI) for that month came in at 51.0, according to the National Bureau of Statistics. That …

Germany calls for end to east Mediterranean military drills

Germany has called for an end to military drills in the eastern Mediterranean to defuse tensions and create conditions for NATO allies Greece and Turkey to resolve a dispute over offshore energy exploration rights By SUZAN FRASER and GEIR MOULSON Associated Press August 27, 2020, 8:06 PM • 4 min read ANKARA, Turkey — Germany’s foreign minister on Thursday called for an end to military drills in the eastern Mediterranean to defuse tensions and create conditions for NATO allies Greece …

Walmart is teaming up with Microsoft on TikTok bid

Walmart said it’s teaming up with Microsoft in a bid for TikTok. The retail giant confirmed to CNBC that it’s interested in buying the popular short-form video application. Walmart shares are up 5% on the news. TikTok’s Beijing-based parent company, ByteDance, is nearing an agreement to sell its U.S., Canadian, Australian and New Zealand operations in a deal that’s likely to be in the $20 billion to $30 billion range, sources say. It has not yet chosen a buyer, but could announce …

WWII memory wall defaced in massacred French village

Vandals have defaced a wall with graffiti denying the Holocaust in the village that was the site of the biggest massacre of civilians by World War II occupying Nazis August 22, 2020, 12:15 PM 2 min read PARIS — Vandals have scrawled graffiti denying the Holocaust on a wall in the village that was the site of the France‘s biggest massacre of civilians by the Nazis during World War II. France’s justice minister vowed on Saturday that those responsible would …

AP Explains: India’s Kashmir move foretold China standoff

SRINAGAR, India — Indian and Chinese officials are holding talks Thursday to try to resolve a months-long standoff along their disputed frontier, where the two countries have deployed tens of thousands of soldiers. More than a dozen rounds of talks so far have failed to break the impasse.   Experts say India’s actions in Kashmir a year ago exacerbated existing tensions with China, culminating in the deadliest clash between the Asian giants in more than four decades. The ongoing standoff …

UK scraps exam grading system that enraged students, parents

The British government has scrapped an exam-grading policy that was set to deprive thousands of 18-year-olds — especially the more disadvantaged — of their university places LONDON — In a U-turn after days of criticism, the British government on Monday scrapped an exam-grading policy that was set to deprive thousands of 18-year-old school-leavers — especially the more disadvantaged — of places at universities. Roger Taylor, head of the exam regulator Ofqual, said the use of an algorithm to predict the …

Iran, Turkey lash out at UAE over agreement with Israel

Iran and Turkey are lashing out at their regional rival the United Arab Emirates over its decision to normalize diplomatic relations with Israel, accusing it of betraying the Palestinian cause   JERUSALEM — Iran and Turkey lashed out at their regional rival the United Arab Emirates on Friday over its decision to normalize diplomatic relations with Israel, accusing it of betraying the Palestinian cause, even as much of the international community welcomed the move. Iran’s Foreign Ministry called the U.S.-brokered …

Lebanese prime minister steps down in wake of Beirut explosions and protests

  Lebanon’s prime minister stepped down from his job on Monday in the wake of the disastrous Beirut port explosions that triggered public fury, saying he has come to the conclusion that corruption in Lebanon is “bigger than the state.” In a brief televised speech after three of his ministers resigned, Prime Minister Hassan Diab said that he is taking “a step back” so he can stand with the people “and fight the battle for change alongside them.” “I declare …