Azerbaijan on Tuesday sentenced award-winning investigative journalist and anti-graft campaigner Khadija Ismayilova to seven and a half years in jail on corruption charges she denounced as trumped-up, her lawyer said. Considered Azerbaijan's most prominent critical journalist, Ismayilova, 39, served as bureau chief for the local service of the US-funded Radio Free Europe/Radio Liberty network between 2008 and 2010. "Baku's Court for Serious Crimes sentenced Khadija Ismayilova to seven and a half years in prison for economic crimes, including illegal entrepreneurship and tax evasion," her lawyer Fariz Namazly told AFP.
Millions of India's workers have vowed to go on strike on Wednesday against right-wing Prime Minister Narendra Modi's "anti-labour" economic policies. Ten major unions have called the nationwide strike for 24 hours over the government's pro-business initiatives, after recent talks with Finance Minister Arun Jaitley broke down. The government is going to change the laws to benefit the corporates," said Gurudas Dasgupta, secretary of the Indian Trade Union Congress which has 3.6 million members.
More than 350,000 migrants have risked their lives crossing the Mediterranean this year, and 2,600 have died while making the perilous journey to Europe, the International Organization for Migration said Tuesday. The latest figures from IOM show that 234,778 migrants had landed in Greece and another 114,276 in Italy, with most of the other arrivals split between Spain (2,166) and the island of Malta (94). The majority of arrivals in Greece were Syrians fleeing the country's protracted civil war, while Eritreans topped the list of migrants who have landed in Italy.
Three journalists in the Philippines have been shot dead just days apart, press groups said Tuesday, as they warned of further media bloodshed without serious government action. The nation of 100 million people has long been one of the world’s most dangerous places for journalists, with powerful figures able to kill critics in the knowledge they will rarely face punishment. "We call on President Benigno Aquino to give top priority to swiftly resolving these egregious cases," said Shawn Crispin, senior Southeast Asia representative for the Committee to Protect Journalists.
The International Monetary Fund managing director Christine Lagarde warned Tuesday greater resilience would be needed from the world's emerging economies to handle China's slowdown, warning the road ahead could be "somewhat bumpy". The IMF chief also cautioned that global growth this year would be "likely weaker" than previously anticipated, less than two months after the IMF cut its global forecast for 2015 to 3.3 percent. Emerging markets from Indonesia to Brazil have been bruised by the slowdown in the world's second largest economy.
By Hideyuki Sano TOKYO (Reuters) - Low-yielding yen and euro held firm on Tuesday as nervous investors look to upcoming data from China and the United States to gauge whether they need to further wind back carry trades, bets in risk assets funded by these currencies. Falls in equity prices overnight curbed risk appetite after Federal Reserve Vice Chairman Stanley Fischer did not rule out the possibility of a rate hike in September, even though global financial markets have been through turmoil in recent weeks. Speculators often use low-yielding currencies to fund positions in higher-yielding currencies and equities, so a worsening outlook for equity markets tends to boost currencies such as euro and yen.