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Vatican releases 1st report of financial watchdog, but several transparency issues remain

VATICAN CITY - The Vatican took another step Wednesday to show greater financial transparency by publishing the first annual report from its financial watchdog agency and announcing new regulations to fight money laundering and terror financing. The report from the Financial Intelligence Authority showed the agency received six internal reports on suspicious transactions in 2012, up from one a year earlier, and that two were sent onto Vatican prosecutors for investigation.

Artillery lands in east Congo city, humanitarian camp

GOMA, Democratic Republic of Congo (Reuters) - Artillery rounds landed in a heavily populated neighborhood of Congo's eastern city of Goma on Wednesday, killing a child and injuring other civilians a day before a planned visit by U.N. Secretary-General Ban Ki-moon, a human rights group said. From early morning, government troops and M23 rebels exchanged heavy weapons fire for a third straight day outside the city, the largest in Democratic Republic of Congo's turbulent and mineral-rich east.

Fresh fighting flares in DR Congo as Ban visits

Fighting erupted between the Congolese army and rebels in the troubled east of the country for a third straight day on Wednesday, further rattling an uneasy peace as UN chief Ban Ki-moon began a visit to the country. Residents of nearby refugee camps have been fleeing in their hundreds since Monday when fresh clashes broke out between M23 rebels and government troops near the strategic eastern city of Goma, the first fighting since December.

Park-N Korea

SEOUL, May 22 (Yonhap) -- President Park Geun-hye urged North Korea Wednesday to immediately halt provocations and work with South Korea for peace on their divided peninsula, saying Pyongyang should never expect to gain concessions with bad behavior. "North Korea is continuing threats of provocations while rejecting our proposals for dialogue and launching guided missiles," Park said, dressed in a khaki helicopter jacket, during a ceremony marking the deployment of South Korea's first indigenously developed military helicopter "Surion."

Fresh fighting flares in DR Congo ahead of Ban visit

Fresh fighting erupted between the army and rebels in the eastern DR Congo on Wednesday ahead of a visit by UN chief Ban Ki-moon to the troubled country. M23 rebels said they came under attack near the flashpoint city of Goma, a day after the government said 19 people were killed in battles between the rival forces on Monday. "The FARDC (government force) has been attacking us since 6 am (0400 GMT) with mortars, tanks and rocket launchers in the Mutaho area," M23 military spokesman Vianney Kazarama told AFP.

basketball-Koreas

SEOUL, May 22 (Yonhap) -- The top South Korean men's professional basketball league said Wednesday it hopes to set up an inter-Korean basketball tournament this summer. The Korean Basketball League (KBL) said it has received permission from the Ministry of Unification, which handles inter-Korean affairs, to contact North Korean basketball officials about organizing an All-Korean event. KBL officials said the tournament, if materialized, will take place in August at a yet-to-be-determined venue in South Korea.

Parents withdraw from inquiry into death of U.S. engineer Shane Todd

By Kevin Lim and Pedja Stanisic SINGAPORE (Reuters) - The parents of an American engineer found dead in Singapore last year said on Wednesday they will not take part in the rest of a coroner's inquiry into his death, which they say was linked to a project involving the transfer of sensitive technology to China. In a statement, Rick and Mary Todd said they had lost confidence in the system investigating the death of their 31-year-old son, Shane, who was found hanging from a door in his Singapore apartment last June.

Harper test-drives new 'extractive industries' approach to aid in Peru

LIMA, Peru - The Senate expenses scandal is turning Prime Minister Stephen Harper's visit to South America into an awkward communications exercise. Harper's officials have indicated that the prime minister will finally take questions early this afternoon on the Prime Minister's Office involvement in reimbursing Senator Mike Duffy $90,000 for improper housing expense claims But Harper will be next to Peruvian President Ollanta Humala Tasso in a joint presentation that was supposed to be about boosting the mining sector to aid development in Peru.

World Bank pledges $1 billion to aid peace in Africa's Great Lakes

KINSHASA (Reuters) - The World Bank on Wednesday announced $1 billion in development funding for Africa's Great Lakes region, where renewed fighting this week between the government and rebels in eastern Congo has raised fears once again of an escalation in conflict. World Bank President Jim Yong Kim unveiled the proposed aid financing for one of Africa's most intractable conflict regions on the first day of a trip with U.N. chief Ban Ki-moon to Democratic Republic of Congo, Rwanda and Uganda.

AFP Europe News Agenda

What's happening in Europe on Wednesday: + EU summit focuses on tax evasion + Cameron holds Paris talks with Hollande + 'Only God Forgives' premieres at Cannes + Pussy Riot member pleads for jail release BRUSSELS: EU leaders open a summit from 1100 GMT, focused on energy policy and tax evasion. (EU-SUMMIT-ECONOMY-TAX-ENERGY). Picture. Video. PARIS: Fresh from their Brussels summit, French President Francois Hollande holds a working dinner with British Prime Minister David Cameron. Press statement at 1800 GMT. Picture. (FRANCE-BRITAIN-DIPLOMACY)
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