herald

Thursday 24 August 2017

In brief: EU turmoil not over -- Merkel

CHANCELLOR Angela Merkel says the state must watch over the market to prevent the excesses that led to the 2008 financial crisis.

Merkel used her New Year's speech, broadcast today, to warn that the lessons of the market collapse five years ago haven't been fully learned.

The German chancellor says greater international efforts are needed to control financial markets and prevent the "irresponsibility" that began when the US sub-prime mortgage bubble burst.

Merkel warned that reforms agreed by governments to end the subsequent European sovereign debt crisis would require patience.

Europe's economic turmoil "isn't overcome by a long stretch", she said.

School killer to be buried

The body of the man who killed 26 people at a Connecticut elementary school has been claimed for burial.

The 20-year-old Adam Lanza killed 20 first-graders and six teachers at the Sandy Hook Elementary School on December 14.

He also killed his mother in their Newtown home before going on the rampage and then committing suicide.

Guest slain at birthday party

Armed men stormed into a birthday party in Monterrey, Mexico, and killed one man and injured 11 guests.

The gunmen arrived around midnight at the party for a girl's 15th birthday, a traditional Latin American celebration.

Monterrey has been the scene of bloody turf battles between the Zetas and the Gulf drug cartels.

Five elephants killed by train

A passenger train killed five elephants of a herd crossing railway tracks in eastern India.

The train struck the animals early yesterday in the Rambha forest area, about 110 miles south of Bhubaneshwar, the capital of Orissa state.

Dozens of elephants have died in India in recent years after being struck while crossing railway tracks, which often run through national parks and forests.

India's wild elephant population was recently estimated at about 26,000.

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