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Maduro launches large-scale war game amid crisis

Venezuelan President Nicolas Maduro launched what he described as the "most important" military drills in the history on Sunday amid an ongoing political crisis in the South American nation. The large-scale military exercise, which is being held in the country's 200-year history, will...

UBS overhauls pay policy for 10,000 employees

UBS AG (UBSG.S) has overhauled its pay policy for 10,000 staff in an attempt to reduce uncertainty about bonuses and cut the amount of time managers spend on allocating them, the Financial Times reported on Sunday. Employees working in the Swiss bank’s “corporate center”, which includes...

Poland to buy US rocket system for $414 million

Poland said Sunday it will buy mobile rocket launchers worth $414 million (365 million euros) from the United States, as Warsaw seeks closer ties with Washington amid concerns over a resurgent Russia. The deal, due to be signed Wednesday, will "significantly increase the Polish army's...

Geneva to ban religious symbols on public employees

Geneva residents on Sunday voted for a controversial new "secularism law", which will among other things ban elected officials and public employees from wearing visible religious symbols. More than 55 percent of voters in the Swiss canton backed the law, final results showed, despite...

Bolivia slams Guaido over US intervention remarks

Bolivian President Evo Morales on Saturday slammed Venezuela’s opposition leader Juan Guaido over his remarks on a possible U.S. military intervention into the crisis-hit nation. “We reject the statements by the self-proclaimed Juan Guaido who welcomes a U.S. military intervention in...

S. Korea announces hike in payment for US troops

Seoul said Sunday it agreed to hike its payment for maintaining American troops on its soil, settling a dispute with its longtime ally ahead of a second summit between the US and North Korea. The two countries have been in a security alliance since the 1950-53 Korean war, which ended with...

Turkey urges China to close Uighur camps

Turkey has called China’s treatment of its minority Uighurs “a great cause of shame for humanity.” In a statement Saturday, Foreign Ministry spokesman Hami Aksoy said it’s “no longer a secret” that China has arbitrarily detained more than a million Uighurs in “concentration camps.” He said...