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Germany's Merkel cannot afford to bail out Deutsche Bank

German Chancellor Angela Merkel cannot afford to bail out Deutsche Bank (DBKGn.DE) given the hard line Berlin has taken against state aid in other European nations and the risk of a political backlash at home, German media wrote on Saturday. The government denied a newspaper report on...

UAE military vessel damaged in "incident" off coast of Yemen

A United Arab Emirates military vessel was damaged in a strategic Red Sea shipping lane off the coast of Yemen on Saturday but there were no injuries to its crew, the UAE military said. Hundreds of Emirati soldiers in a Saudi-led coalition have been fighting Yemen's Iran-allied Houthis who...

Islamist group bombs Somali restaurant, at least 3 dead

Somali Islamist group al Shabaab bombed a restaurant frequented by members of the security forces in Mogadishu on Saturday, killing at least three people, officials and the group said. Police said a suicide car bomb rammed the Blue Sky restaurant in the capital, which is located near a...