UN agrees to set up panel for Syria war crimes cases

UN agrees to set up panel for Syria war crimes cases

The UN General Assembly on Wednesday agreed to set up a panel to gather evidence on war crimes in Syria, taking a first step toward prosecuting those responsible for atrocities in the nearly six-year war. A resolution on establishing the investigative mechanism was adopted in the 193-nation assembly by a vote of 105 to 15, […]

OPEC agrees to slash daily output in bid to raise global oil prices

OPEC agrees to slash daily output in bid to raise global oil prices

The OPEC oil cartel reached a deal Wednesday to reduce its output for the first time in eight years, Qatar’s energy minister and president of the OPEC conference said. Oil prices rose more than 8 percent on Wednesday as some of the world’s largest oil producers agreed to curb oil output for the first time […]

South Korea president agrees to go before prosecutors

South Korea president agrees to go before prosecutors

South Korean President Park Geun-Hye on Friday agreed to be questioned by prosecutors as she sought to distance herself from a close personal friend at the centre of a corruption scandal engulfing her administration. In her second address to the nation in 10 days, Park acknowledged that she had “allowed my guard to drop” around […]

EU agrees fast-track ratification of Paris climate deal

EU agrees fast-track ratification of Paris climate deal

Environment ministers from all 28 European Union states agreed on Friday to a fast-track, collective ratification of last year’s UN Paris climate deal, the EU said. “All member states greenlight early EU ratification of Paris Agreement. What some believed impossible is now real,” tweeted European Council President Donald Tusk, whose home country Poland had been […]

Oil prices surge after OPEC agrees surprise cut in production

Oil prices surge after OPEC agrees surprise cut in production

The Organization of Petroleum Exporting Countries (OPEC) agreed Wednesday to cut oil production, ministers said, in a surprise move aimed at boosting persistently weak crude prices. The news triggered an immediate spike of more than 5 percent in crude prices, as markets had expected the Algiers meeting to end without agreement. In London benchmark Brent […]