Islamic State group jihadists waged fierce battles Tuesday, June 13 in their Syrian stronghold Raqqa in a bid to repel US-backed fighters advancing towards the walls of the Old City.
The White House on Monday issued a roadmap for loosening US banking regulations, including a recommendation to ease "stress tests" for large banks, according to a report published by the Treasury. President Donald Trump requested the report in a February decree aimed at reducing the financial regulations imposed by the Dodd-Frank financial regulation law, adopted after a meltdown of the US mortgage market triggered the global financial crisis of 2008-2009. "A sensible rebalancing of regulatory principles is warranted in light of the significant improvement in the strength of the financial system and the economy," the Treasury said.
South Korea said Tuesday a drone believed sent from North Korea had been spying on a US missile defence system before it crashed. The remains of the small drone, which was equipped with a camera, were retrieved by the South's military last week from a hillside where it had crash-landed close to the heavily-fortified inter-Korean border. The military analysed the contents of the camera's 64-gigabyte memory chip and said it had been spying on the missile defence system known as the Terminal High Altitude Area Defense (THAAD).
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