IMF's Lagarde put under investigation in French fraud case

International Monetary Fund Managing Director Christine Lagarde attends a conference about the future of the Euro zone in ParisInternational Monetary Fund chief Christine Lagarde has been placed under formal investigation by French magistrates for negligence in a political fraud affair dating from 2008 when she was finance minister, her lawyer said on Wednesday. Lawyer Yves Repiquet told Reuters that Lagarde, who this week was questioned by magistrates in Paris for a fourth time under her existing status as a witness in the long-running saga, said the step was unfounded. "We are appealing it," Repiquet said by telephone, adding that Lagarde, who was due to return to IMF headquarters in Washington later on Wednesday, had no plans to resign. In French law, magistrates place someone under formal investigation when they believe there are indications of wrongdoing, but that does not always lead to a trial.



Gaza cease-fire holds as sides weigh gains

Palestinians walk in front of the damage to the Italian Complex following several late night Israeli airstrikes in Gaza City, in the northern Gaza Strip, Tuesday, Aug. 26, 2014. Israel bombed two Gaza City high-rises with dozens of homes and shops Tuesday, collapsing the 15-storey Basha Tower and severely damaging the Italian Complex in a further escalation in seven weeks of cross-border fighting with Hamas. (AP Photo/Adel Hana)JERUSALEM (AP) — An open-ended cease-fire between Israel and Palestinian militants in the Gaza Strip was holding Wednesday, as many people on both sides of the conflict wondered what was gained during 50 days of fighting.



Bulgarian poet Valeri Petrov dies

SOFIA, Bulgaria (AP) — Valeri Petrov, Bulgaria's most prominent contemporary poet and a former Nobel Prize nominee who translated the complete works of Shakespeare, has died at age 94.
Former PM Brown sets aside feud to try to keep Scotland in UK

Former British Prime Minister Gordon Brown gives a speech at Glasgow University in GlasgowFormer prime minister Gordon Brown will set aside a long-running feud on Wednesday to make his first public appearance with Alistair Darling, the leader of the campaign to keep Scotland part of the United Kingdom. With three weeks to go before a historic independence referendum on September 18, the two Labour party politicians, who fell out while in government from 2007-10, will appear in Dundee to argue that Scotland would be better off staying in the UK. The joint appearance by two of Scotland's most high-profile politicians comes as postal voting gets underway and as the campaign ratchets up with independence supporters struggling to catch up with their rivals in the polls even though their leader, Alex Salmond, won a final TV debate on Monday. Anti-independence "Better Together" campaign director Blair McDougall urged postal voters to focus on the uncertainty that a vote for independence would bring with no clear decision on what currency would be used and warned of the possible impact on pensions and public services.



Gaza truce holds as Israel, Hamas claim 'victory'

Palestinians flash the sign of victory atop a vehicle, as people celebrate a deal reached between Hamas and Israel for a long-term end to fighting in the Gaza Strip, August 26, 2014, in Gaza CityThe skies over Gaza remained calm Wednesday as a long-term ceasefire took hold, ending the deadliest violence in a decade with Israel and Hamas both claiming 'victory' in the 50-day war. Millions in and around the war-torn enclave enjoyed a welcome night of peace during which there were no strikes on Gaza, nor Palestinian rockets fired at Israel, the Israeli army said. "Since the truce came into force, there has been no IDF activity in Gaza, and no rocket fire on Israel," a military spokeswoman said 12 hours after the guns on both sides fell silent. Both Israel and the Islamist Hamas movement, the de facto authority in Gaza, hailed the ceasefire as a victory.





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