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Saturday, December 17, 2011

Libya - UN Security Council has lifted sanctions on Libya's central bank & the country's foreign investments banks

Uploaded by BBCNewsHeadlines on Dec 17, 2011

The UN Security Council has lifted sanctions on Libya's central bank and the country's foreign investments banks, diplomats have said.

It is is aimed at easing a current cash crisis in Libya. The US followed suit shortly afterwards, lifting "most" sanctions against Tripoli.

The Libyan banks' assets abroad were frozen earlier this year, as part of sanctions against former Libyan leader Col Muammar Gaddafi.

The BBC's Barbara Plett reports from New York.

DR Congo - Republic of Congo's Supreme Court has rejected challenges to President Joseph Kabila's re-election

Uploaded by BBCNewsHeadlines on Dec 17, 2011

The Democratic Republic of Congo's Supreme Court has rejected challenges to President Joseph Kabila's re-election and confirmed his official victory in last month's polls.

The opposition is still spurning the result, saying its supporters will stage demonstrations next week to demand a political solution.

The BBC's Thomas Hubert reports from Kinshas

Europe - Credit warning for eurozone nations. France's top-notch AAA credit rating has been affirmed

Uploaded by BBCNewsHeadlines on Dec 17, 2011

The credit ratings agency, Fitch, says it believes a comprehensive solution to the crisis in the eurozone is ''technically and politically beyond reach''.

It has warned that six of the 17 countries which use the European single currency could face credit rating downgrades.

France's top-notch AAA credit rating has been affirmed, but Fitch has revised its outlook on the country to "negative" from "stable".

The BBC's Wendy Urquhart reports.

Philippines - Typhoon kills 140 and some 260 are missing in the region of Mindanao

Published on Dec 17, 2011 by Euronews

http://www.euronews.net/ At least 140 people are dead and some 260 are missing after a typhoon hit the southern Philippines. Typhoon Washi battered the region of Mindanao on Friday. Heavy caused many rivers to overflow.

Winds reaching up to 90 kilometres an hour triggered mass floods and landslides in the towns of Iligan and Cagayan de Oro.

Military officials say they have recovered 97 bodies, mainly children.

Washi is currently moving northwest and is set to hit the South China Sea by Sunday.
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Aerial views of aftermath of Philippines typhoon

Uploaded by telegraphtv on Dec 17, 2011

Aerial views show destruction left behind by typhoon Washi after it lashed the southern Philippines killing over 200 people and forcing 100,000 from their homes.