Cyprus's bailout agenda was back on track Saturday after parliament adopted a controversial and long-delayed foreclosure and insolvency package as demanded by the country’s international lenders. A delay in passing the insolvency framework, seen as a safety net for vulnerable groups against property repossessions, had prompted the opposition to suspend a foreclosures law passed last year. International lenders are now expected back on the island to proceed with the bailout funding process. The International Monetary Fund recently held back 86 million euro ($93 million) in bailout funds for Cyprus until the legislation was adopted.
South Africa's President Jacob Zuma on Saturday canceled a state visit to Indonesia to deal with a wave of anti-immigrant violence at home and promised peace to those who wished to remain in Africa's most advanced economy. The unrest which began in the port city Durban two weeks ago and spread to Johannesburg, Africa's economic hub, appeared to have died down on Saturday as police patrolled trouble spots. "We are certainly going to stop the violence," Zuma told hundreds of displaced African immigrants at a camp in Chatsworth, south of Durban, in a speech televised on eNCA. Thousands of foreigners have sought refuge in camps set up in Johannesburg and Durban and the governments of Zimbabwe and Malawi began bussing their nationals back home.
SARATOGA SPRINGS, N.Y. (AP) — After the Civil War ended in April 1865, statues depicting Union and Confederate soldiers went up across the country, from New England squares to Southern courthouses. A century and a half later, these weathered "Silent Sentinels" still stand guard, rifles at the ready, gazing off in the distance.