Otago Daily Times: World News

Russia faces $40b battle to stave off banking crisis

Russia faces $40b battle to stave off banking crisis

Russia may have to spend more than $40 billion this year to avert a banking crisis, as the growing likelihood of a sharp recession threatens to pile extra costs on a sector suffering from Western sanctions over Ukraine and a plunge in the rouble.

Simple burial in unmarked grave for Saudi king

Simple burial in unmarked grave for Saudi king

Saudi Arabia's King Abdullah, one of the richest men in history, was carried in a simple white shroud to an unmarked grave on Friday in a Riyadh cemetery where many of his commoner subjects rest, in keeping with ascetic traditions.

New heir to Saudi throne is relatively liberal outsider

New heir to Saudi throne is relatively liberal outsider

Saudi Arabia's new Crown Prince Muqrin represents the biggest break from the kingdom's tradition of any of his predecessors in the role - both because of his lowly maternal birth and his foreign education.

Saudi King Abdullah dies

Saudi King Abdullah dies

Saudi Arabia's King Abdullah has died, state television reported early on Friday (local time) and his brother Salman became king, it said in a statement attributed to Salman.

Prince denies sex with underage girl

Prince denies sex with underage girl

Britain's Prince Andrew made his first public comment on allegations that he had had sex with an underage girl, reiterating previous official denials of the accusations.

Israel's Netanyahu to address US Congress

Israel's Netanyahu to address US Congress

Israeli Prime Minister Benjamin Netanyahu announced he will address the US Congress during a March visit likely to drive home differences with the Obama administration over whether to impose additional sanctions on Tehran.

Eight civilians killed in shelling of Ukraine trolleybus

Eight civilians killed in shelling of Ukraine trolleybus

An artillery shell or mortar struck a public transport stop in the rebel-controlled city of Donetsk in eastern Ukraine, killing at least eight civilians in an incident both sides blamed on the other.

Bomb explodes near Turkish delegation in Somalia

Bomb explodes near Turkish delegation in Somalia

A suicide car bomb exploded at the gate of a Mogadishu hotel where Turkish delegates were meeting, a day before a visit by President Tayyip Erdogan to the Somali capital.

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