06262016Sun
Last update: Sun, 26 Jun 2016 12am

South Asia

World - South Asia

Maldives jails ex-VP for plotting to kill president MALÉ: Former Maldives deputy leader Ahmed Adeeb has been jailed for 15 years for plotting to assassinate the president, the latest in a string of prosecutions of senior politicians and opposition figures in the troubled island nation.Adeeb was convicted late Thursday of attempting to kill President Abdulla Yameen by setting off a bomb on his speedboat last September, his lawyer said.Two of the vice president's military bodyguards were also convicted after the trial, which was held behind closed doors. The verdicts mean almost all of Yameen's key rivals are in jail or exiled from the Maldives, a popular honeymoon destination that has been rocked by political turmoil in recent years. They come weeks after Mohamed Nasheed, the country's first democratically elected president, was granted asylum in Britain.Nasheed, whose legal team includes high-profile human rights lawyer Amal Clooney, was sentenced to 13 years in prison on controversial terrorism charges last year ...

World - South Asia

Monsoon rains in India 18pc below average in past week NEW DELHI: Monsoon rains in India were 18 percent below average in the week to June 8, the weather office said on Thursday, as the onset of rainfall was delayed by nearly a week from its usual arrival on June 1. Monsoon rains arrived at India's southern Kerala coast on June 8, easing fears of declining farm and economic growth after two straight droughts hit rural income and agricultural output.Copyright Reuters, 2016 ...

World - South Asia

China's Xi says laid-off soldiers will be found work BEIJING: Chinese soldiers who are demobilized in the course of military reforms will be found other work, President Xi Jinping said, describing the process as an important political task.Xi unexpectedly announced last September that he would cut troop numbers by 300,000, or some 13 percent of the world's biggest military, currently 2.3-million strong.The cuts come at a time of heightened economic uncertainty in China as growth slows and the leadership grapples with painful economic reforms.Xi, ...

World - South Asia

Sri Lanka appoints four foreign banks as lead managers for eurobond COLOMBO: Sri Lanka, which last month announced plans to raise $1.5 billion from the sale of a 10-year sovereign bond, has mandated four foreign banks as lead managers, Finance Minister Ravi Karunanayake said on Tuesday. The banks are Citigroup, Deutsche Bank, HSBC and Standard Chartered, Karunanayake told Reuters. "We have mandated the same banks we did last year and we are looking at the maximum we can go," he added. The funds raised will be ...

World - South Asia

India's PM Modi gets Swiss pledge on tackling tax dodgers GENEVA: Switzerland promised on Monday to work with Indian authorities to tackle tax dodgers who stash money in Swiss bank accounts to avoid Indian taxes. After talks in Geneva with Swiss President Johann Schneider-Ammann and round-table discussions with Swiss businessmen, Prime Minister Narendra Modi said the two countries had agreed to make combatting tax evasion and "black money" a shared priority. "We discussed the need for an early and expeditious exchange of information to bring ...

World - South Asia

South China Sea casts shadow over opening of key US-China talks BEIJING: President Xi Jinping said China and the US needed to trust each other more as both sides sought to minimise tensions over the South China Sea at the opening Monday of key annual talks in Beijing.China claims nearly all of the strategically vital sea despite competing claims by several Southeast Asian neighbours, and has rapidly built artificial islands suitable for military use.Washington has responded by sending warships close to Chinese claimed reefs, angering Beijing."China ...

World - South Asia

Lew raps China on excess steel production BEIJING: US Treasury Secretary Jack Lew called on China Monday to cut excess capacity in sectors such as steel and aluminium, saying such overcapacity had a "distorting and damaging effect on global markets".His statement came during the Eighth US-China Strategic and Economic Dialogue, a key annual meeting in Beijing focused on ironing out differences over trade and security between the world's two military and economic powers.China is the world's number one steelmaker, producing more than ...