EU calls Turkey's crackdown on media "worrying"

A woman walks past the headquarters of 'Zaman' newspaper, after being closed by the government in Istanbul, Thursday, July 28, 2016. The European Union has called the crackdown on media in Turkey "worrying" and warned Ankara to respect fundamental freedoms. (AP Photo/Petros Karadjias)ISTANBUL (AP) — The European Union and journalist associations expressed concern Thursday about a widening crackdown on media in Turkey, calling on Ankara to respect fundamental freedoms.



Niceties abound as Johnson meets French minister who called him liar

French Foreign Minister Jean-Marc Ayrault and British Foreign Secretary Boris Johnson attend a news conference at the Foreign Affairs Ministry in ParisBy Leigh Thomas PARIS (Reuters) - Modestly shaking his head to deny he was any good at speaking French, Britain's new foreign secretary Boris Johnson sought to charm a media audience in Paris during a joint appearance with his French counterpart, who recently called him a liar. At a news conference after private talks, Johnson and Jean-Marc Ayrault exchanged assurances of friendship but left without taking questions from a roomful of journalists eager to probe the awkwardness behind the niceties. Johnson was the leading figure in the campaign for Britain to leave the European Union ahead of a June 23 referendum that resulted in a vote for Brexit and plunged the 28-member bloc into crisis and soul-searching.



After Obama's big warm-up, Clinton to make case for the White House

Democratic presidential nominee Hillary Clinton is embraced by U.S. President Barack Obama as she arrives onstage at the end of his speech on the third night of the 2016 Democratic National Convention in Philadelphia, PennsylvaniaBy Alana Wise and Jeff Mason PHILADELPHIA (Reuters) - Hillary Clinton makes her case for the White House on Thursday night, armed with a ringing endorsement from President Barack Obama and the crucial backing of the opponent she beat to become the Democratic Party candidate for November's election. Capping a Democratic Party convention that has sought to heal divisions from a protracted primary battle, former Secretary of State Clinton, 68, will accept the nomination to run against Republican Donald Trump. In doing so, she will become the first woman presidential candidate of a major U.S. party.



Internal auditor slams IMF handling of Greece bailout

The IMF too readily accepted the ECB and EC decision to not restructure Greece's massive debt, the Fund's Independent Evaluation Office said in a reportAn independent probe into the IMF's handling of European bailouts found that it bent its rules and was vulnerable to political pressure as it embarked on the ill-fated 2010 Greece rescue. The International Monetary Fund's Independent Evaluation Office said in its report Thursday that in the plunge into the eurozone crisis, the Fund's executive board was poorly informed and exercised too little oversight over decisions which taxed the Fund's resources. The IEO report bluntly criticized the rush by the Fund's management, led former French finance minister Dominique Strauss-Kahn up to May 2011, to join the European Central Bank and European Commission in the crisis bailouts of Greece, Ireland and Portugal.



Turkey's investment grade hangs in balance as post-coup purges deepen

Business and residential buildings are seen in Sisli district in IstanbulBy Asli Kandemir ISTANBUL (Reuters) - A crackdown in Turkey after a failed coup could further weaken its institutions and threaten its investment grade status, investors fear, as dismissals and detentions stretch from the judiciary into the private sector and even the central bank. Turkey has suspended, detained or put under investigation more than 60,000 soldiers, judges, teachers, journalists and others suspected of ties to the network of U.S.-based cleric Fethullah Gulen, whom it blames for the July 15-16 coup attempt. What began as a purge in the security services and judiciary has spread to commercial firms and financial institutions.





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