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Last update: Mon, 16 Jan 2017 05pm

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Air raid targeting IS militant kills up to 30 in Iraq's Mosul BAGHDAD: Residents of the Iraqi city of Mosul said up to 30 civilians were killed in an air strike on a district held by Islamic State this week.The witnesses said it was not immediately clear if the attack was carried out by the U.S.-led coalition fighting Islamic State, or by Iraqi forces that have been making advances against the jihadists in the city.They said they saw at least three missiles hit the western Mosul al-Jadida area on Thursday, in a raid that appeared to target the house of senior militant Harbi Abdel Qader.He was not in the building at the time, but several members of his family died, one resident said late on Friday.Iraq Body Count (IBC), a group run by academics and peace activists that has been counting violent deaths in the country since 2003, said 21 to 25 civilians were reported killed on Thursday in a strike on ...

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EU Brexit negotiator warns of risk to financial stability BRUSSELS: The European Union's chief Brexit negotiator warned Saturday the bloc must be aware of the risk to financial stability during what are expected to be very tough talks with Britain.Earlier, the Guardian newspaper reported that the negotiator, Michel Barnier, had told colleagues the EU would have to strike a "special" deal with Britain's hugely important finance sector to keep credit flowing in Europe.In a tweeted message, Barnier said however he had not been talking ...

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Moody's pays $864 million to US, states over pre-crisis ratings NEW YORK: Moody's Corp has agreed to pay nearly $864 million to settle with US federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the US Department of Justice said on Friday.The credit rating agency reached the deal with the Justice Department, 21 states and the District of Columbia, resolving allegations that the firm contributed to the worst financial crisis since the Great Depression, the ...

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Modern technology being used in CPEC projects to reduce pollution: Ahsan ISLAMABAD: Minister for Planning, Development and Reforms Ahsan Iqbal Friday said state-of-the-art technology was being used in all coal related projects in the country to reduce carbon ratio in the atmosphere."In all China Pakistan Economic Corridor (CPEC) projects, international rules and regulations regarding atmospheric safety is being implemented", Ahsan Iqbal in a statement here said.He said super critical technology was being used in all coal related projects.He said in Pakistan, the ratio of carbon and ...

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PM restores subsidy on fertilizers on request of Shehbaz Sharif LAHORE: Prime Minister Muhammad Nawaz Sharif on the request of Punjab Chief Minister Muhammad Shehbaz Sharif has restored subsidy on fertilizers.According to a DGPR handout issued here Friday, it may be mentioned that Shehbaz Sharif had requested the Prime Minister to reinstate subsidy being given on fertilizers.The Prime Minister said the interest and welfare of farmers was very dear to him. Restoration of subsidy on fertilizers will benefit two crore 20 lakh farmers of the ...