France demands immediate release of ousted Mali president

France has asked on Wednesday for the immediate release of Mali’s president Ibrahim Boubacar Keita, as well as of his government, detained after a coup led by soldiers on Tuesday. “France acknowledges the announce of president Ibrahim Boubacar Keita’s resignation. It calls for its immediate release (…) and for the restoration, without delay, of a… Read More France demands immediate release of ousted Mali president

American Express set to acquire fintech lender Kabbage

American Express said on Monday it would buy fintech lender and platform Kabbage in a move aimed at bolstering its cash management offering to small businesses. Financial terms of the transaction were not disclosed. Backed by investors including SoftBank Group, Kabbage started out in 2009 as an online lender, although it has since broadened its… Read More American Express set to acquire fintech lender Kabbage

Belarusian President Alexander Lukashenko orders police to shut down protests

Belarusian President Alexander Lukashenko ordered his police on Wednesday to put down protests in the capital Minsk, signalling an escalation after a week and a half of mass demonstrations against his rule. Lukashenko’s order came as European Union leaders held an emergency summit over the political crisis in Belarus, long Russia’s most loyal neighbour, which… Read More Belarusian President Alexander Lukashenko orders police to shut down protests

Three injured following train derailment in Italy

Three people were slightly injured after a local train derailed on Wednesday in the northern Italian region of Lombardy, Trenord, the rail company that operates the line, said. The only passenger travelling on the train was given first aid on site but was then transported to hospital for precaution, a statement by Trenord said, adding… Read More Three injured following train derailment in Italy

Johnson & Johnson set to acquire Momenta Pharmaceuticals in $6.5billion deal

Johnson & Johnson said on Wednesday it would buy Momenta Pharmaceuticals Inc for about $6.5 billion in cash to bolster its portfolio of treatments for autoimmune diseases. Momenta shares were up 68% at $51.98 before the bell, just shy of the offer price of $52.20. The deal gives Johnson & Johnson’s Janssen unit access to… Read More Johnson & Johnson set to acquire Momenta Pharmaceuticals in $6.5billion deal

Mali soldiers promise transition elections following global condemnation of coup

Soldiers who ousted Mali’s president and government in a military coup that drew condemnation abroad promised on Wednesday to restore stability and oversee a transition to elections within a “reasonable” time. President Ibrahim Boubacar Keita resigned and dissolved parliament late on Tuesday hours after the mutineers detained him at gunpoint, plunging a country already facing… Read More Mali soldiers promise transition elections following global condemnation of coup

China evacuates thousands as floods threaten heritage site

Floods on the upper reaches of China’s Yangtze river forced authorities to evacuate more than 100,000 people on Tuesday and threatened a 1,200-year-old world heritage site. Staff, police and volunteers used sandbags to try to protect the 71-metre (233-foot) Leshan Giant Buddha, a UNESCO World Heritage site in southwestern Sichuan province, as muddy flood water… Read More China evacuates thousands as floods threaten heritage site

Thai police issue arrest warrants for activists over reform demands

Thai authorities have issued arrest warrants for six activists who took part in a demonstration at which students issued a 10-point call for reform of the monarchy last week, police said on Wednesday as students called more protests. The charges against the six were not over the demands made at the protest by thousands of… Read More Thai police issue arrest warrants for activists over reform demands