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The Financial Express

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India’s $1.8b bank fraud that went unnoticed

India’s $1.8b bank fraud that went unnoticed

-- 2018-02-19 11:17:24

The Punjab National Bank branch in south Mumbai sits just down the road from both the Bombay Stock Exchange and the Reserve Bank of India, at a physical centre of one of the world’s fastest grow...

‘Three Billboards’ wins top prizes at BAFTA awards

‘Three Billboards’ wins top prizes at BAFTA awards

-- 2018-02-19 10:57:55

Dark comedy 'Three Billboards Outside Ebbing, Missouri' was the biggest winner at the BAFTA Film Awards, held in London on Sunday, an event which saw the campaign for women’s rights in the enter...

Egypt jails 65 Brotherhood members over incitement

Egypt jails 65 Brotherhood members over incitement

-- 2018-02-19 10:55:16

A court in Egypt has sentenced 65 members of the banned Muslim Brotherhood group to prison over inciting anti-state riots, protests and violence. Prosecutors say the group was caught with inflammator...

Nazi symbol found at Polish embassy in Israel

Nazi symbol found at Polish embassy in Israel

-- 2018-02-19 10:38:59

Swastika, a German Nazi symbol and profanities were found drawn on the entrance to Poland’s embassy in Israel on Sunday after Polish Prime Minister Mateusz Morawiecki said Jews, as well as Poles...

Asian shares see more recovery

Asian shares see more recovery

-- 2018-02-19 09:58:32

Asian shares ticked up on Monday, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout that stemmed from fears of creeping inflation and higher borrowing...

Plane with 66 aboard crashes in Iran

Plane with 66 aboard crashes in Iran

-- 2018-02-18 14:05:29

All 66 passengers and crew aboard a plane have died as the plane crashed in central Iran on Sunday. The plane operated by Iranian carrier Aseman Airlines crashed in a mountainous area near the town o...

Hidden painting behind Picasso masterpiece!

Hidden painting behind Picasso masterpiece!

-- 2018-02-18 13:55:06

Researchers in the US have used a new scanning technique to discover a painting underneath one of Pablo Picasso's great works of art, the Crouching Woman (La Misereuse Accroupie). Underneath the oil...

Netanyahu slams Polish PM over ‘Jewish perpetrator’ remark

Netanyahu slams Polish PM over ‘Jewish perpetrator’ remark

-- 2018-02-18 13:39:00

Israeli Prime Minister Benjamin Netanyahu strongly criticised his Polish counterpart on Saturday for saying the Jews were among the perpetrators in World War Two. Poland passed a law this month impos...

Ethiopia state of emergency to last six months

Ethiopia state of emergency to last six months

-- 2018-02-18 13:03:53

The Ethiopian defence minister has said the newly imposed state of emergency will last for six months as authorities seek to tamp down unrest in the Horn of Africa country. The country’s Counci...

China's industrial capacity utilisation touches 5-year high

China's industrial capacity utilisation touches 5-year high

-- 2018-02-18 13:00:22

China's industrial capacity utilisation hits 77 per cent in 2017, the highest level in nearly five years, according to the National Bureau of Statistics (NBS). The rate is 3.7 percentage points highe...

Australia issues red alert for ‘Kelvin’ in western coast

Australia issues red alert for ‘Kelvin’ in western coast

-- 2018-02-18 12:30:28

Australian authorities have issued a red alert warning as the tropical cyclone Kelvin has hammered the Western coast with deadly winds of up to 150 kilometres per hour on Sunday morning. In a warning...

Indian bank loses nearly $2m in fraud on SWIFT system

Indian bank loses nearly $2m in fraud on SWIFT system

-- 2018-02-18 11:57:14

India’s City Union Bank Ltd said on Saturday it had suffered three “fraudulent remittances” of nearly $2 million that had been pushed through the SWIFT financial platform. City Unio...

Gaza border blast injures four Israeli troops

Gaza border blast injures four Israeli troops

-- 2018-02-18 11:56:27

Four Israeli soldiers have been wounded by an explosion that occurred near the border fence with the Gaza Strip on Saturday, spurring Israeli air strikes later in the day against Palestinian militant...

Twitter ends support for its official Mac app

Twitter ends support for its official Mac app

-- 2018-02-18 11:56:06

Twitter has announced it is ending support for its dedicated desktop Mac application and that it has pulled it from the web and from Apple’s App Store. “We’re focusing our efforts o...

IMF shows no objection to European Monetary Fund plan

IMF shows no objection to European Monetary Fund plan

-- 2018-02-18 11:38:17

International Monetary Fund chief Christine Lagarde has no objection to plans to turn the euro zone’s bailout fund into a European Monetary Fund, she said in comments published on Saturday. The...

US stock market witnesses volatility

US stock market witnesses volatility

-- 2018-02-18 11:33:36

US stock markets are unlikely to return to the unusually calm conditions seen last year, even though equities have already recovered more than half the ground lost in the recent selloff and traders ha...

Russia shrugs off US election tampering charges

Russia shrugs off US election tampering charges

-- 2018-02-18 11:25:11

Russian foreign minister Sergei Lavrov has dismissed as ‘blather’ the charges levelled by the FBI special counsel against 13 Russians for election tampering. He said at a major security c...

India detains three over its biggest-ever bank scam

India detains three over its biggest-ever bank scam

-- 2018-02-18 10:49:02

The Central Bureau of Investigation (CBI) detained two employees of Punjab National Bank, the state-run lender that says it has been the victim of a $1.77 billion fraud, in the first arrests in a fast...

Fire guts sacred Tibetan monastery

Fire guts sacred Tibetan monastery

-- 2018-02-18 10:34:05

A fire broke out at the most important shrine in Tibetan Buddhism - the Jokhang Monastery in Lhasa. Footage posted online showed flames billowing from the roof and what appeared to be at least one gu...

Nigeria suicide bombing claims 18 lives

Nigeria suicide bombing claims 18 lives

-- 2018-02-17 15:16:01

Three suicide bombers have killed 18 people in the northeast Nigerian city of Maiduguri, capital of the state worst hit by the Boko Haram insurgency, its police commissioner said on Saturday. Damian...

Amy Schumer ties the knot with chef Fischer

Amy Schumer ties the knot with chef Fischer

-- 2018-02-17 15:00:14

US comedian Amy Schumer has married chef and cookbook author Chris Fischer, announcing the nuptials via an Instagram post showing photos of the pair at their secret seaside ceremony. The “Train...

Man completes 20,000-mile pub adventure

Man completes 20,000-mile pub adventure

-- 2018-02-17 14:08:01

A man has driven a sports car across 21 countries, starting at the most northerly pub in the world and finishing at the most southerly. Ben Coombs, 38, from Plymouth in Devon, drove 20,000 miles acro...

China housing rental market sees steady growth

China housing rental market sees steady growth

-- 2018-02-17 13:08:24

China's housing rental market was estimated at 1.3 trillion yuan (about 205 billion US dollars) in terms of revenue last year, according Liu Zhifeng, head of China Real Estate Association. With a gov...

Father’s genes may raise ovarian cancer risk

Father’s genes may raise ovarian cancer risk

-- 2018-02-17 13:01:36

US scientists believe they have identified a new gene mutation that can raise the risk of ovarian cancer, and is passed from father to daughter. It is inherited through the X-chromosome and is indepe...

India gas cylinder blast kills five

India gas cylinder blast kills five

-- 2018-02-17 12:38:05

A cooking gas cylinder blast has killed at least five persons and over injured over 20 in western Indian state of Rajasthan, local media reports said on Saturday. The incident happened in the state's...

Japan eyes hiking optional pension age beyond 70

Japan eyes hiking optional pension age beyond 70

-- 2018-02-17 12:33:36

Japan has okayed plans to let people choose to start drawing their state pensions beyond the age of 70 as it grapples with severe labor shortages, ballooning welfare costs and a shrivelling tax base s...

Russia likely to face growth setbacks

Russia likely to face growth setbacks

-- 2018-02-17 11:42:27

A deal on oil output cuts between OPEC and non-OPEC countries along with weaker demand for natural gas shipped from Russia may hit the growth of Russia’s economy in 2018, the central bank said i...

Mild tremor shakes Myanmar's Yangon

Mild tremor shakes Myanmar's Yangon

-- 2018-02-17 11:27:18

A mild earthquake measuring 4.6 on Richter scale shook Hmawbi Township in Myanmar's Yangon region on Saturday morning. The country's Meteorology and Hydrology Department said in a press release that...

World stocks post best week in two years

World stocks post best week in two years

-- 2018-02-17 11:22:02

The dollar rose and stocks around the globe rallied for a sixth straight session on Friday to post their best week in more than two years, but a US indictment over alleged Russian meddling in the 2016...

Turkey sentences journos to life in jail over coup links

Turkey sentences journos to life in jail over coup links

-- 2018-02-17 11:13:56

A Turkish court has sentenced six journalists to life in prison for alleged links to the July 2016 coup plotters. The judgement came as another Turkish court decided to release German-Turkish journal...