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Samsung chief staves off arrest, but prosecutor keeps chasing

A South Korean court on Thursday dismissed an arrest warrant against the head of Samsung Group [SAGR.UL], the country's largest conglomerate, amid a graft scandal that has led to the impeachment of President Park Geun-hye. But the reprieve for Jay Y. Lee, 48, may only be temporary, as the...

ISIS lost nearly a quarter of its territory in 2016

 ISIS lost nearly a quarter of its territory in Iraq and Syria last year, according to a report released Thursday by research firm IHS Markit. Between early January 2016 and the end of the year ISIS' self-declared "caliphate" fell from 78,000 to 60,400 square kilometers (47,500 to...

Lebanon gets a new government, now it needs a new economy

After years of political deadlock, Lebanon finally has a new government. Now it needs a new economy. Battered by war in neighboring Syria, neglected by wrangling politicians and caught in rivalry between Saudi Arabia and Iran, the pillars of the economy - remittances from overseas workers,...