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Singapore's central bank on Tuesday shut down a second Swiss bank in the city-state and fined banks DBS and UBS in its biggest crackdown on alleged money-laundering activities connected with Malaysia's scandal-tainted 1MDB fund. The Monetary Authority of Singapore (MAS) said in a statement it had ordered Zurich-based Falcon Private Bank's Singapore branch to cease operating because of "a persistent and severe lack of understanding" of Singapore's money-laundering controls. It also accused Falcon's senior management in Switzerland and Singapore of "improper conduct".
Britain's economy appears to be losing steam, with major business surveys showing a marked slowdown in the services sector and boardrooms beset by doubt about the future following the country's vote to leave the European Union. While the economy has fared better than most economists expected since June's Brexit vote - largely thanks to upbeat consumers - Monday's surveys will heighten concerns about its longer-term prospects.
Iran and Iraq will not send their oil ministers to an OPEC meeting scheduled for this week on the sidelines of the World Energy Congress in Istanbul, Turkey. This is according to sources close to the two countries, quoted by Reuters. That meeting was actually going to be more of a series of bilateral talks, according to one of the sources that spoke to Reuters, probably dedicated to hammering out the details of the production freeze to be discussed at OPEC's November meeting in Vienna. A final decision, in other words, will not be reached in Istanbul.
The guidelines published Friday allow business with Iran as long as the U.S. financial system and Americans are not involved. For example, foreign financial institutions can process transactions in dollars with Iran, and U.S. financial institutions are permitted to conduct transactions with the foreign entities involved, granted that none of the money from dealings with Iran entered the U.S. financial system. Also, the guidelines said it was "'not necessarily sanctionable"' for foreigners to conduct business with an entity that while not on the Specially Designated Nationals (SDN) list - a list of individuals and companies, including terrorists, with which U.S. citizens and permanent residents are not allowed to do business - is nonetheless "'minority owned, or that is controlled in whole or in part, by an Iranian or Iran-related person on the SDN List."'
Amidst all the heat of the presidential debate on Sunday night, hackers surfaced for a brief moment. The two candidates clashed over a claim that hackers tied to the Russian state were trying to influence the election. Two days earlier, on Friday, the US director of national intelligence had pointed the finger at the highest levels of the Russian state for intrusions. Critics of Russia have argued that any role would be part of a growing trend of not just stealing information but also weaponising it.
At the award ceremony Saturday for the Westphalian Peace Prize in Muenster's town hall, German President Joachim Gauck said Abdullah and his fellow Jordanians had "'set standards for humanity"' for their work in the region's refugee crisis.
Britain has pledged to take in hundreds of child refugees currently stuck in the "Jungle" refugee camp in the French city of Calais in advance of plans to dismantle the settlement. In a statement read out to British MPs on Monday, Amber Rudd, the home secretary, said she had discussed ways to speed up the resettlement of refugee children eligible to reside in the UK with her French counterpart Bernard Cazeneuve. "I have made crystal clear to the French Interior Minister on numerous occasions ...that our priority must be to ensure the safety and security of children during any camp clearance," Rudd said.
Rescue crews were racing to reach as many as 2,000 people stranded at their homes in North Carolina after a levee broke Monday, one day after Hurricane Matthew unleashed treacherous flooding and moved out to sea. Some of those stranded were standing on the roofs of their flooded houses in Lumberton, south of Fayetteville and about 70 miles inland, Gov. Pat McCrory told reporters.
The Arkansas Department of Health is investigating a mumps outbreak that may have infected hundreds of people. A total of 427 suspected cases of mumps are being investigated in the state, with the majority of them children, the department reported on Friday.
Palestinian Foreign Minister Riad al-Malki said on Monday that the United Nations (UN) Security Council will hold two special meetings this month on Israeli settlements on Palestinian territories. Al-Malki expressed the hope that the meetings, scheduled for Oct. 15 and Oct. 24, would yield clear directives on the required steps to be taken, reported Palestinian public radio, Voice of Palestine.
As Yom Kippur approaches, Jews around the world are atoning for their sins, but MK Yehudah Glick (Likud) announced on Monday that there was one person he would not forgive: Judge Hagit Mak-Kalmanovith, who postponed the prison sentence of the terrorist who ended up killing two Israelis in Jerusalem on Sunday.
Come sundown, the Jewish 'Kol Nidre' prayer service will be heard in synagogues across the globe, ushering in the holiday of Yom Kippur; the holiday will end with the Neilah prayer and the blowing of the shofar; while some will take on the traditional 25-hour fast, others will spend the holiday soul-searching or with family and friends. As they do so, security forces reinforced in anticipation of any potential disruptions. Yom Kippur is known simultaneously as the "Day of Atonement" and the "Day of the LORD". YHVH's people ask for forgivenenss on this day - the Day of Atonement, but Israel's enemies are destroyed on this day - the Day of the LORD.
Israeli security authorities announced Tuesday morning that they have arrested a Hamas operative who planned a number of terror attacks in the Jerusalem area, including a suicide bombing on a bus in the capital's Pisgat Ze'ev neighborhood. Muhammad Fuaz Ibrahim Julani, of the Shuafat refugee camp on the outskirts of Jerusalem, was arrested last month while planning the attack at the behest of his Hamas handlers in the Gaza Strip, according to the Shin Bet (Israel Security Agency).
Russia will create a permanent naval base in Syria to expand its military footprint in its closest Middle East ally, a government official said on Monday, a week after Moscow said it was considering reopening Soviet-era bases in Vietnam and Cuba. The move, announced by Russian Deputy Defence Minister Nikolai Pankov, is further evidence Russia is building up its capabilities in Syria despite a partial drawdown in March and another sign it is digging in for the long haul to help prop up President Bashar al-Assad.
Amid increasingly tense relations with the United States over Syria, President Vladimir V. Putin of Russia took advantage of a routine meeting in Istanbul on Monday to advance the Kremlin's reconciliation with Turkey, including an agreement to revive a suspended natural-gas pipeline project. The new pipeline, known as the Turkish Stream, would run under the Black Sea to Turkey and then the Greek border, allowing Russian gas to reach Western markets without using Russia's existing export pipelines through Eastern Europe.
Iran's foreign minister is asking U.N. Secretary-General Ban Ki-moon to use his "'good offices"' to arrange for an Iranian aircraft to bring humanitarian supplies to victims of the deadly attack on a funeral home in Yemen's capital and evacuate the injured.