WORLD HEADLINES

Erdogan looms large as Turkey's AK Party mulls coalition options

By Orhan Coskun and Ercan Gurses ANKARA (Reuters) – Whether it teams up with the nationalist or secularist opposition, Turkey’s ruling AK Party must navigate the same obstacle in its search for a junior coalition partner: the ambition of President Tayyip Erdogan. Opposition leaders who could now enter government in a coalition have made clear they will not tolerate his meddling, suggesting the days of him hosting cabinet meetings in

Erdogan looms large as Turkey's AK Party mulls coalition options

By Orhan Coskun and Ercan Gurses ANKARA (Reuters) – Whether it teams up with the nationalist or secularist opposition, Turkey’s ruling AK Party must navigate the same obstacle in its search for a junior coalition partner: the ambition of President Tayyip Erdogan. Opposition leaders who could now enter government in a coalition have made clear they will not tolerate his meddling, suggesting the days of him hosting cabinet meetings in

HSBC to cut global headcount by up to 50,000

Scandal-hit bank HSBC said Tuesday it would cut its global headcount by up to 50,000 as part of a restructuring that entails its withdrawal from Brazil and Turkey, while it also mulls abandoning London as its HQ. “HSBC is now undertaking a significant reshaping of its business portfolio,” said the bank, which this year marks its 150th anniversary. HSBC said there would be a 10 percent reduction in jobs, with

Libya rivals 'positive' on peace draft

Libya’s warring factions have reacted positively to a draft peace agreement, the UN envoy said Tuesday, as they head for talks in Berlin with world powers anxious for an end to the conflict. Libya descended into chaos after a 2011 NATO-backed uprising toppled and killed veteran dictator Moamer Kadhafi, with heavily armed former rebels carving out fiefdoms across the country. Bernardino Leon, chief of the United Nations Support Mission in

Libya rivals 'positive' on peace draft

Libya’s warring factions have reacted positively to a draft peace agreement, the UN envoy said Tuesday, as they head for talks in Berlin with world powers anxious for an end to the conflict. Libya descended into chaos after a 2011 NATO-backed uprising toppled and killed veteran dictator Moamer Kadhafi, with heavily armed former rebels carving out fiefdoms across the country. Bernardino Leon, chief of the United Nations Support Mission in

G7 leaders agree to strive for low-carbon economy

By Paul Carrel KRUEN, Germany (Reuters) – Group of Seven leaders agreed on Monday to wean their economies off carbon fuels and supported a global goal for reducing greenhouse gas emissions, but they stopped short of agreeing their own immediate binding targets. In a communique issued after their two-day summit in Bavaria, the G7 leaders said they backed reducing global greenhouse gas emissions at the upper end of a range

Plunged into uncertainty, Turkey could face early election

By Orhan Coskun and Ercan Gurses ANKARA (Reuters) – Turkey faced the prospect of weeks of political turmoil after the ruling AK Party lost its parliamentary majority in weekend polls, dealing a blow to President Tayyip Erdogan’s ambitions to acquire sweeping new powers. Instead of the two-thirds majority he had wanted to change the constitution and create a new presidential republic, the AK Party, while remaining the biggest party, failed

Syrian air strike kills 49 in northwest: monitor

BEIRUT (Reuters) – A Syrian army air strike killed 49 people in Idlib province in northwest Syria on Monday, the Syrian Observatory for Human Rights reported. The Britain-based monitoring group, which gathers information from sources inside Syria, said the raid was on the town of al-Janudiyah and the dead included six children and four women. Syrian officials could not immediately be reached for comment. The Observatory said the death toll