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British banks buoyed by new rules on risk buffers


LONDON - The Bank of England told British banks on Friday they will need to hold more capital to guard against the risks of bad loans, but the new measures were less stringent than many had expected.

Air strikes hit Kobani as Kurdish peshmerga prepare to enter

SURUC Turkey/BAGHDAD - U.S.-led air strikes hit Islamic State positions around the Syrian border town of Kobani on Friday in an apparent bid to pave the way for heavily-armed Iraqi Kurdish peshmerga forces to enter from neighbouring Turkey.

World, Syria, Middle East, Iraq 5:19pm GMT

UK child sex abuse inquiry in chaos as second head quits

LONDON - A major public inquiry into the British state's failure to stop decades of child sex abuse, and whether political figures tried to cover it up, was in chaos on Friday after the second head of the investigation quit before it has even started work.

5:41pm GMT

Army chief takes power after Burkina president bows to protests

OUAGADOUGOU - The head of Burkina Faso's armed forces took power on Friday after President Blaise Compaore resigned amid mass protests against an attempt to extend his 27-year rule.

6:22pm GMT

Muslim men over 50 pray at Jerusalem's Aqsa mosque amid tight security

JERUSALEM - Muslim men over 50 prayed at the Aqsa mosque in Jerusalem's Old City on Friday amid intense security, a day after Israel closed all access to the sacred compound for the first time in more than a decade following violence on the streets. | Video

World, Israel, Middle East 5:44pm GMT

Houthi rebels give Yemen's president 10 days to form government

SANAA - Shi'ite Houthi rebels set an ultimatum on Friday for Yemeni President Abd-Rabbu Mansour Hadi to form a government in 10 days or face "other options", raising the tension in a political standoff that has crippled the country.

7:18pm GMT

Judge eases limits on U.S. nurse who treated Ebola patients

FORT KENT Maine - A Maine judge on Friday imposed limited restrictions on an American nurse who treated Ebola patients in Sierra Leone and rejected a bid by state officials for more stringent measures.

World, Africa 6:52pm GMT

Gazprom to resume gas supply once Ukraine pays $2.2 billion

MOSCOW - Russia could resume natural gas deliveries to Ukraine as soon as next week if Kiev pays $2.2 billion (1.4 billion pounds) in debt and pre-payments, gas exporter Gazprom said on Friday, under a deal that also safeguards winter deliveries to Europe. | Video

5:31pm GMT

Banks boost FX settlement war chest to as much as $6.5 billion

LONDON - Major U.S. and European investment banks this month boosted to as much as $6.5 billion (4.06 billion British pounds) their collective war chest for settling with global regulators who are investigating allegations of collusion and manipulation in the foreign exchange market.

5:31pm GMT

Germany's Schaeuble says doesn't think 'reasonable' British will leave EU

DUBLIN - German Finance Minister Wolfgang Schaeuble said on Friday he does not believe Britain will leave the European Union as the English are "a reasonable people" and quitting the bloc would be a disaster.

4:16pm GMT
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