Chennai IOB theft, Uber exits Southeast Asia, and other news in pictures

Theft in Chennai IOB branch

A theft was reported at the Indian Overseas Bank, Virugambakkam branch in Chennai, on Monday.

Egypt heads to polls

A scene in front of a polling station in Cairo with people waiting to vote during the the presidential election, on March 26, 2018.   | Photo Credit: AP

Egyptian presidential election ended on Monday with the outcome — a second, four-year term for President Abdel-Fattah el-Sissi — a foregone conclusion. Critics see it as a signal to the country's return to the authoritarian rule that prevailed since the 1950s.

3 BJP MLAs denied entry into Puducherry Assembly

Lieutenant Governor Kiran Bedi presents her customary address on the opening day of the Budget session of the Puducherry Assembly on March 26, 2018.   | Photo Credit: T. Singaravelou

Puducherry BJP MLAs V. Swaminathan, K.G. Shankar and V. Selva Ganapathy, nominated by the Central government, were stopped from entering the Assembly on Monday. They staged a protest outside the House after Speaker V. Vaithilingam denied them permission in spite of the High Court upholding their appointment. The first session of the 30-member Assembly commenced on Monday with the customary address of Lt. Governor Kiran Bedi.

Uber to sell Southeast Asia business to Grab

A ComfortDelgro taxi passes Uber and Grab offices in Singapore   | Photo Credit: Reuters

Ride-hailing firm Uber Technologies Inc has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms said in a statement on Monday, marking the U.S. company's second retreat from an Asian market. A shake-up in Asia's fiercely competitive ride-hailing industry became likely earlier this year when Japan-based SoftBank Group Corp's Vision Fund made a multi-billion dollar investment in Uber. SoftBank also invested in Grab.

GrabBike drivers wait for customers in Jakarta, Indonesia on March 26, 2018.   | Photo Credit: AP

Root out in final over as New Zealand strengthen hold

England's Moeen Ali avoids a short delivery from New Zealand's Neil Wagner during the fifth day of the first cricket test match.   | Photo Credit: Reuters

Captain Joe Root was dismissed off the last ball of the fourth day moments after he had been struck on the hand by a Trent Boult bouncer to put New Zealand firmly in the driving seat to win the rain-affected first test at Eden Park.

China will not export excess capacity to nations involved in 'Belt and Road' scheme: minister

China's Minister for Industry and Information Technology Miao Wei (second from left) addresses the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, on March 26, 2018.   | Photo Credit: Reuters

China will not export its excess capacity to the countries involved in its “Belt and Road” initiative and will endeavour to not repeat problems it made in the course of its own development, the country's industry minister said on Monday. Miao Wei, the head of of China's Ministry of Industry and Information Technology told the China Development Forum in Beijing that excess capacity that had been cut “will not return”. “We have simply dismantled those plans altogether,” he said.