IOWA CITY, Iowa (AP) — For cash-strapped life insurance companies, the deal sounds almost too good to be true: A state law allows them to create complex financial instruments to transfer liabilities to new subsidiaries, instantly wiping huge debts off their balance sheets.
ISLAMABAD (AP) — The Taliban have appointed a new military chief as the insurgents try to gain more ground in Afghanistan rather than talk peace under a new leadership, Taliban officials said in telephone interviews over the weekend.
The British government has no legal obligation to consult parliament on triggering the formal divorce procedure with the European Union, but lawmakers will have a say, a spokesman for Prime Minister Theresa May said on Tuesday. Some opponents of Brexit say that since the EU referendum result is not legally binding, elected lawmakers should review the vote before the process is started but the government has insisted the prime minister has the power to trigger an exit. "The will of the people must be respected and it must be implemented ... There is no legal obligation to consult parliament on triggering Article 50 - that position has been well set out," the spokesman told reporters, adding that parliament had overwhelmingly backed holding the EU referendum.