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Search results for: global

China-US trade deal to reduce global uncertainty: IMF chief

-- January 18, 2020 13:45:58

The newly signed China-US phase-one trade deal will reduce the uncertainty that has impeded global economic growth, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said. He s...

Italian exports fall 4.2pc in November

-- January 18, 2020 12:59:00

Italian exports fell by 4.2 per cent in November 2019 compared to the previous month, and by 3.2 per cent compared to November of 2018, ISTAT national statistics agency has reported. The year-on-year...

Eastern Libya halts more than half the country’s oil output

-- January 18, 2020 12:26:38

Eastern Libya ports controlled by commander Khalifa Haftar, who is trying to seize the capital Tripoli, are shutting down oil exports, slashing national crude output by more than half and ramping up t...

After base shooting, US restricts foreign trainee access to guns

-- January 18, 2020 11:30:45

The Pentagon announced on Friday new restrictions on international military students’ access to guns on US bases, as well as other measures, after a Saudi officer killed three US sailors at a Fl...

Google-parent Alphabet now a $1 trillion company

Reuters January 17, 2020 14:34:31

As Google-parent Alphabet became on Thursday the fourth US company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the...

Amazon promises to create 1.0m new jobs in India

-- January 17, 2020 13:59:31

Amazon.com Inc said on Friday it planned to create 1.0 million jobs in India by 2025. The announcement came a day after the country’s trade minister said the e-commerce giant’s recently u...

Prince Harry on first royal duty since talks with Queen

-- January 16, 2020 13:24:51

The Duke of Sussex is to carry out his first public engagement since he and the Duchess of Sussex announced they want to step back as full-time royals. Prince Harry will host the Rugby League World C...

Japan’s Rakuten, Walmart’s Seiyu to open logistics site as online sales jump

-- January 16, 2020 12:02:54

Japanese online retailer Rakuten and Walmart’s Seiyu said they plan to open a new logistics site in Yokohama later this year to deal with growing sales from their joint online supermarket busine...

Three African nations reach preliminary deal in Nile dam dispute

-- January 16, 2020 11:22:45

Officials from Egypt, Ethiopia and Sudan say they have reached a preliminary agreement aimed at clearing the way for the filling and operation of a $5 billion dam project on the Nile River. The forei...

Thunderstorms sweep across Australia’s east coast

-- January 16, 2020 11:05:59

Thunderstorms and heavy rain swept across parts of Australia’s east coast on Thursday, bringing hope that some of the fierce bushfires razing the country will be extinguished - or at least slowe...

Amazon boss Jeff Bezos announces $1bn Indian investment

-- January 15, 2020 14:43:38

Amazon boss Jeff Bezos has announced a major investment in India, saying the country is a key growth market. Mr Bezos said his firm will invest $1bn (£770m) in digitising small and medium busin...

US, China set to sign massive purchases deal, easing trade war

Reuters January 15, 2020 12:59:11

The US-China trade war is set to enter a new, quieter phase on Wednesday as US President Donald Trump and Chinese Vice Premier sign an initial trade deal that aims to vastly increase Chinese purchases...

Iran arrests person behind video of plane downing

-- January 15, 2020 10:47:41

Iran says it has arrested the person who filmed the footage showing a Ukrainian passenger plane being shot down by a missile. It is believed the person being detained will face charges related to nat...

At least 67 killed by avalanches in Pakistan, India

-- January 14, 2020 15:13:34

At least 57 people were killed and others were missing after avalanches in Pakistan-controlled Kashmir over the last 24 hours, senior government officials said on Tuesday. In neighbouring India, at l...

Russia says Libya’s Haftar left Moscow without signing ceasefire deal

Reuters January 14, 2020 13:34:03

Khalifa Haftar, commander of the Libyan National Army, has left Moscow without signing a ceasefire agreement drafted at talks in Russia on Monday, the TASS news agency cited the Russian Foreign Minist...

Queen agrees ‘transition’ to new role for Harry and Meghan

-- January 14, 2020 12:20:12

The Queen has agreed a "period of transition" in which the Duke and Duchess of Sussex will spend time in Canada and the UK. She said she was "entirely supportive" of their desire for a new role but "...

'Would love to see a Bangladeshi immigrant as next Infosys CEO'

-- January 14, 2020 11:30:35

Calling India's controversial new citizenship law 'sad', Microsoft boss Satya Nadella said he would love to see a Bangladeshi immigrant succeed in the country's technology industry. The India-born...

US drops China currency manipulator label

REUTERS January 14, 2020 11:13:09

The US Treasury Department on Monday dropped its designation of China as a currency manipulator days before top officials of the world’s two largest economies were due to sign a preliminary trad...

Walmart sacks 56 executives in India as part of restructuring

-- January 13, 2020 14:00:42

Walmart Inc, the world’s largest retailer, has fired 56 of its executives in India as it restructures in the country. The move underscores the challenges Walmart has faced in expanding its whol...

Three killed in militant attack near Kenya’s Somalia border

Reuters January 13, 2020 13:25:05

Three teachers were killed in Kenya near the country’s border with Somalia in a suspected attack by al Shabaab militants, a police report seen by Reuters said on Monday, in what would be the lat...

Canadian PM promises ‘justice’ at Iran plane vigil

-- January 13, 2020 12:01:40

Canadian Prime Minister Justin Trudeau has said he will seek "justice" for those killed on board a Ukrainian passenger plane downed by Iran. Mr Trudeau spoke in Edmonton, Alberta at a vigil for the 5...

Asia shares flatline, wait for US and China to seal trade deal

REUTERS January 13, 2020 10:08:23

Asian shares paused near 19-month peaks on Monday ahead of the expected signing on a Sino-US trade deal, though talks on a phase two package are likely to drag on for months. MSCI’s broadest in...

Saudi Aramco raises IPO to record $29.4 billion

Reuters January 12, 2020 13:12:53

Saudi Arabia's state-owned oil company Saudi Aramco said on Sunday it has exercised its “greenshoe option” to sell an additional 450 million shares, raising the size of its initial public...

Libyan forces loyal to Haftar announce ceasefire

-- January 12, 2020 11:52:35

Libyan eastern forces loyal to commander Khalifa Haftar announced on Saturday a ceasefire in the western region, which includes the capital Tripoli, starting 00:01 am on Sunday (22:01 GMT) and the int...

Australia PM admits mistakes in handling of bushfire crisis

-- January 12, 2020 11:17:57

Australia's Prime Minister Scott Morrison has expressed regret over his handling of the bushfire crisis ravaging the country. The PM has faced mounting criticism over his government's response to the...

Trump’s birthday greet not enough to resume talks, N Korea says

-- January 11, 2020 14:57:39

A North Korean official on Saturday said that the US and South Korea are dreaming if they think that President Donald Trump’s sending a birthday message would get leader Kim Jong Un back to the...

Mercedes-Benz to build smart brand cars with Geely in China’s Xi’an

Reuters January 11, 2020 12:13:40

Mercedes-Benz will build smart-branded electric cars with Zhejiang Geely Holding Group in the Chinese city of Xian from a base with annual capacity of around 150,000 vehicles, a senior official from i...

US imposes more sanctions on Iran

-- January 11, 2020 11:33:52

The United States has imposed more sanctions on Iran in retaliation for its missile attack on US forces in Iraq this week. The US on Friday also vowed to tighten the economic screws if Tehran continu...

Sultan Qaboos of Oman dies

-- January 11, 2020 11:14:24

Oman’s ailing Sultan Qaboos bin Said, one of the Middle East’s longest serving rulers who maintained the country’s neutrality in regional struggles, died on Friday and the Gulf state...

China's economy to maintain steady growth in 2020

Xinhua January 10, 2020 18:26:32

China is capable of maintaining steady economic growth in the year to come and beyond, buoyed by multiple driving forces, despite mounting downward pressure, economists have said. "The gross domestic...