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Main News of August 16

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A roundup of what has happened in the past 24 hours

WORLD

*Ecuador granted political asylum to WikiLeaks' founder Julian Assange, Foreign Minister Ricardo Patino announced.

*The United Nations will open a liaison office in Damascus after its observer mission in the war-torn Syria expires on Sunday, France’s UN envoy Gerard Araud said.

 

RUSSIA

*Russia’s election chief Vladimir Churov called the system of U.S. presidential elections “one of the worst in the world."

*The Russian economy is prepared for a possible economic meltdown as a result of the slowing of global growth and the escalating eurozone debt crisis, President Vladimir Putin said.

*The head of Russia’s largest religious faith said on Thursday that while the Orthodox Church and the Kremlin shared a “common agenda,” their constitutional separation was not under threat.

 

BUSINESS

*Fitch Ratings has affirmed Russia's long-term foreign and local currency Issuer Default Ratings (IDR) at 'BBB' with Stable Outlooks, the international rating agency said on Thursday.

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