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World News Headlines - Yahoo News
Exclusive: Risking Beijing's ire, Vietnam begins dredging on South China Sea reef
By Lincoln Feast and Greg Torode SYDNEY/HONG KONG (Reuters) - Vietnam has begun dredging work on a disputed reef in the South China Sea, satellite imagery shows, the latest move by the Communist state to bolster its claims in the strategic waterway. Activity visible on Ladd Reef in the Spratly Islands could anger Hanoi's main South China Sea rival, Beijing, which claims sovereignty over the group and most of the resource-rich sea. Ladd Reef, on the south-western fringe of the Spratlys, is completely submerged at high tide but has a lighthouse and an outpost housing a small contingent of Vietnamese soldiers.
Iraqi troops retreat after Mosul hospital battle
By Ahmed Rasheed and Saif Hameed BAGHDAD (Reuters) - Iraqi troops who seized a hospital deep inside Mosul believed to be used as an Islamic State military base have retreated after a fierce counter-attack, giving up some of their biggest gains in a hard-fought seven-week campaign to recapture the city. The soldiers seized Salam hospital, less than a mile (1.5 km) from the Tigris river running through central Mosul, on Tuesday but pulled back the next day after they were hit by six suicide car bombs and "heavy enemy fire", according to a statement by the U.S.-led coalition supporting Iraqi forces. Coalition warplanes, at Iraq's request, also struck a building inside the hospital complex from which the militants were firing machine guns and rocket-propelled grenades, it said.
Rebels seek ceasefire with Syrian army closer to retaking Aleppo
By Lisa Barrington and Tom Perry BEIRUT (Reuters) - Syrian rebels in besieged eastern Aleppo called on Wednesday for an immediate five-day ceasefire and the evacuation of civilians and wounded, but gave no indication they were ready to withdraw as demanded by Damascus and Moscow. The Syrian army and allied forces have made rapid gains against insurgents in the past two weeks and look closer than ever to restoring full control over Aleppo, Syria's most populous city before the war, and achieving their most important victory of the conflict now in its sixth year. In a statement calling for the truce, the rebels made no mention of evacuating the several thousand fighters who are defending an ever shrinking area of eastern Aleppo.
Oklahoma's Westbrook takes small-town skills to big stage (Yahoo Sports)
Dede Westbrook looked like a contortionist at the end his 29-yard touchdown grab against Baylor. Oklahoma's breakout star caught the ball around the Bears 12-yard line and appeared headed out of bounds. ''It comes from dodging rocks at my grandmomma's house,'' Westbrook said.
Cabrera Bello takes 1-stroke lead at Hong Kong Open (Yahoo Sports)
Rafa Cabrera Bello had four birdies and an eagle Thursday for an opening 6-under 64 and a one-stroke lead at the Hong Kong Open. Sebastien Gros shot 65 at the Hong Kong Golf Club, while 11 golfers were tied for third with 66s. Masters champion Danny Willett and Ian Poulter were in a group of 10 with 68s at the joint European Tour and Asian Tour event.
Michael Jordan wins China court ruling after yearslong case (Yahoo Sports)
Basketball legend Michael Jordan now owns his Chinese name, after China's highest court sided with him Thursday following a yearslong legal battle over a trademark dispute. Qiaodan Sports, a company based in southern China, had registered the trademark under which it was selling its own shoes and sportswear. Jordan has been known by the Chinese characters for ''Qiaodan'' since he gained widespread popularity in the mid-1980s.
Business News Headlines - Yahoo! News
U.S. jobless claims drop from five-month high
The number of Americans filing for unemployment benefits fell from a five-month high last week, pointing to labor strength that underscores the economy's sustained momentum. A tight labor market together with signs of a strengthening economy and steadily rising inflation will likely push the Federal Reserve to hike interest rates next week. Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 258,000 for the week ended Dec. 3, the Labor Department said on Thursday.
China's Fujian drops Aixtron bid after Obama blocks deal
China's Fujian Grand Chip Investment Fund has dropped its takeover bid for chip equipment maker Aixtron after the United States blocked the deal on security grounds, throwing the German company's future into doubt. The collapse of the Aixtron deal comes amid growing objections in Germany and the United States to China buying up firms with strategic technologies abroad without allowing reciprocal transactions at home. Fujian's takeover vehicle Grand Chip Investment said on Thursday its offer had lapsed as it had failed to obtain the necessary U.S. regulatory approvals.
ECB unexpectedly cuts asset buys, extends until end 2017
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) - The European Central Bank unexpectedly reduced its asset buys on Thursday but reserved the right to increase purchases once again, a decision that may be seen as a concession to conservative euro zone members such as Germany. The ECB will reduce its asset buys to 60 billion euros from next April from the current 80 billion euros, maintaining the buys until the end of the year. Markets had expected the purchases to stay at 80 billion but only for 6 more months, suggesting a compromise solution in the Governing Council.
Yahoo News - Latest News & Headlines
Trump just got friendlier toward China
Trump's pick, Iowa Gov. Terry Branstad, is steeped in the importance of trade and the ways it benefits Americans.
What’s Trump’s agenda? Newt has some ideas
“The first challenge in governing is to not blow up,” says former House speaker Newt Gingrich, one of Donald Trump’s closest allies.
Trump’s Homeland pick lost son in Afghan war
Retired Marine Gen. John Kelly gave a remarkable speech in 2010, four days after his son, Michael, died serving in Afghanistan.
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