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World News Headlines - Yahoo News
Turkey's Erdogan shuts schools, charities in first state of emergency decree
By Gareth Jones and Ercan Gurses ISTANBUL/ANKARA (Reuters) - President Tayyip Erdogan tightened his grip on Turkey on Saturday, ordering the closure of thousands of private schools, charities and other institutions in his first decree since imposing a state of emergency after the failed military coup. Turkish authorities also detained a nephew of Fethullah Gulen, the U.S.-based Muslim cleric accused by Ankara of orchestrating the July 15 coup attempt, the Anadolu state news agency reported. A restructuring of Turkey's once untouchable military also drew closer, with a planned meeting between Erdogan and the already purged top brass brought forward by several days.
Munich gunman fixated on mass killing, had no Islamist ties
By Joern Poltz and Karin Strohecker MUNICH (Reuters) - A German-Iranian teenager who shot dead nine people in Munich was a deranged lone gunman obsessed with mass killings who drew no inspiration from Islamist militancy, police said on Saturday. Seven of his victims were themselves teenagers, who police said he may have lured to their deaths via a hacked Facebook account on what was the fifth anniversary of twin attacks by Norwegian mass murderer Anders Breivik that killed 77 people. The Munich shooting, in which a further 27 people were wounded, some seriously, was the third act of violence against civilians in Western Europe - and the second in southern Germany - in eight days.
Islamic State claims responsibility for Kabul attack, 80 dead
By Mirwais Harooni KABUL (Reuters) - Twin explosions tore through a demonstration by members of Afghanistan's mainly Shi'ite Hazara minority in Kabul on Saturday, killing at least 80 people and wounding more than 230 in a suicide attack claimed by Islamic State. "Two fighters from Islamic State detonated explosive belts at a gathering of Shi'ites in the city of Kabul in Afghanistan," said a brief statement on the group's Amaq news agency. If confirmed as the work of Islamic State, the attack, among the most deadly since the U.S.-led campaign to oust the Taliban in 2001, would represent a major escalation for a group hitherto largely confined to the eastern province of Nangarhar.
MLB stock watch: Who's rising, falling? (Yahoo Sports)
Jean Segura leads the charge in this week’s fantasy risers and fallers.
Chris Sale scratched after 'clubhouse incident' (Yahoo Sports)
The saga of the White Sox pitcher took a bizarre turn on Saturday with reports of him destroying uniforms.
MLB Free Game of the Day: D-backs at Reds (Yahoo Sports)
MLB Free Game of the Day
Business News Headlines - Yahoo! News
Apple weathers anti-U.S. demo in China, where patriotic protests snowball
Apple Inc found itself on the receiving end of a small, short-lived anti-U.S. protest this week in China, the tech firm's biggest overseas market and a country where foreign firms have suffered damaging boycotts following international spats. A handful of unofficial Apple stores were picketed and social media users encouraged each other to destroy their Apple goods, in a rare instance of the tech firm being targeted as a symbol of perceived injustice following an international ruling against Chinese territorial claims. "There's not much Apple or any other foreign firm can do to prevent such patriotic protests," said analyst Nicole Peng at researcher Canalys, who sees no impact to Apple's sales from the recent protest.
China's growth sucks in more debt bucks for less bang
As China's economy notches up another quarter of steady growth, the pace of credit creation grows ever more frantic for every extra unit of production, as inefficient state firms swallow an increasing share of lending. "The amount of debt that China has taken in the last 5-7 years is unprecedented," said Morgan Stanley's head of emerging markets, Ruchir Sharma, at a book launch in Singapore. While Beijing can take comfort that loose money and more deficit spending are averting a more painful slowdown, the rapidly diminishing returns from such stimulus policies, coupled with rising defaults and non-performing loans, are creating what Sharma calls "fertile (ground) for some accident to happen".
Bottom line: brands chase China's high-end lingerie market
High-end lingerie sales are outpacing China's generally downbeat luxury market, and heating up competition between international brands and local rivals looking to go upmarket. U.S. brand Victoria's Secret will open its first store, and companies including Italy's ultra-luxury La Perla and Germany's Triumph are adding stores and moving beyond China's mega-cities to tap a lingerie market that has more than doubled in five years to $18 billion, according to Mintel Group. "Luxury is ... not about buying to show off, it's about buying items that make you feel good," says Chiara Scaglia, La Perla's Asia chief.
Yahoo News - Latest News & Headlines
Dangerous wildfires menace L.A. and Big Sur
Out of control blazes threaten more than 2,000 homes while smoke reduces the sun to an orange disk.
Munich mall killer researched killing sprees
Described as calm and shy, he had 300 bullets in his backpack when he began shooting.
A beaming Hillary Clinton introduces Tim Kaine
Sen. Tim Kaine called Hillary Clinton his soulmate on Saturday, in his first appearance as her vice presidential pick.
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