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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...

Philippines launches app for peace process

The Philippines’ government has launched a mobile application to provide updated information about its ongoing peace processes with communist and Moro Muslim rebels as part of efforts for greater transparency and inclusivity. GMA News reported Saturday that the Office of the Presidential...

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...