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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...

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...