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Search results for: global

EU cuts economic growth forecast for 2019, 2020

Xinhua November 08, 2019 16:35:14

The European Commission said on Thursday that euro area gross domestic product (GDP) is forecast to expand by 1.1 per cent in 2019 and by 1.2 per cent in 2020 and 2021. Compared with the projections...

China's foreign trade up 2.4pc in first 10 months

-- November 08, 2019 16:11:34

China's foreign trade registered stable growth in the first 10 months of this year with more opening-up measures to follow in the near future. The country's foreign trade volume expanded 2.4 per cent...

UNHCR welcomes release of immigrants from Libyan detention centre

-- November 08, 2019 13:32:11

The United Nations High Commissioner for Refugees (UNHCR) on Thursday welcomed the release of more than 100 illegal immigrants and refugees from a detention centre in the Libyan capital of Tripoli. "...

Global stocks near record highs on US-China trade deal hopes

-- November 08, 2019 13:31:59

World stocks rallied to near record highs on Friday after China said it had agreed with the United States to cancel tariffs in phases, a key demand of Beijing for sealing a deal to end a trade war tha...

China's Oct exports, imports fall less than expected

Reuters November 08, 2019 13:20:31

China’s exports and imports contracted less than expected in October, providing some relief for the economy as Beijing tries to reach a partial trade deal with Washington. But even if a US-Chin...

Magnitude 5.9 quake kills five in Iran, injures 300

-- November 08, 2019 11:18:33

A magnitude 5.9 earthquake struck northwestern Iran early Friday, killing at least five people and injuring over 300 others, officials said. The temblor struck Tark county in Iran's Eastern Azerbaija...

Judge orders Trump to pay $2m for misusing charity foundation

-- November 08, 2019 10:31:40

A New York judge has ordered President Donald Trump to pay $2m (£1.6m) for misusing funds from his charity to finance his 2016 political campaign. The Donald J Trump Foundation closed down in 2...

Philippine economy grows 6.2pc in third quarter

-- November 07, 2019 14:07:10

The Philippine Statistics Authority (PSA) said on Thursday that the country’s economy surged to 6.2 per cent in the third quarter of 2019, rose after two quarters of deceleration. PSA head Clai...

US productivity posts first fall in four years

-- November 07, 2019 12:20:19

The productivity of American workers in the third quarter fell for the first time in almost four years as the US economy slows, the Labor Department has reported. Nonfarm business sector labour produ...

Slowing Indian economy bodes ill for rupee: Poll

-- November 07, 2019 12:10:28

A slowing domestic economy will prevent India’s rupee from recouping this year’s losses against the dollar in 2020, with optimism around an easing in the US-China trade dispute not enough...

EU, China agree to protect 100 of each other's regional foods

-- November 06, 2019 13:53:43

The European Union and China have agreed to protect 100 European geographical indications in China and 100 Chinese geographical indications in the EU, said a statement from the EU Commission on Wednes...

Mitsubishi to shut Singapore oil-trading unit after losses by trader

-- November 06, 2019 12:10:52

Japanese trading house Mitsubishi Corp said on Wednesday it will shut down a Singapore unit that trades crude oil and petroleum products after alleging earlier that a trader racked up $320 million of...

Asian shares mixed on possible trade snag

-- November 06, 2019 12:00:16

Asian shares were mixed Wednesday after investors were rattled by a possible snag in a US-Chinese trade truce following reports Beijing wants Washington to life punitive tariffs. Shanghai and Sydney...

Japan’s Q3 GDP growth may slow: Reuters poll

-- November 06, 2019 11:52:46

Japan’s economy likely grew for a fourth straight quarter in July-September helped by solid domestic demand as consumers rushed to beat a sales tax hike, a Reuters poll found on Wednesday. But...

17 die in attack on Tajikistan border outpost

-- November 06, 2019 11:25:07

Seventeen people were killed in an overnight shootout at an outpost on the Tajik-Uzbek border that was attacked by armed men wearing masks, Tajik authorities said on Wednesday. The 20 attackers kille...

15 killed in attack in Thailand’s south, officials say

-- November 06, 2019 10:39:45

Suspected separatist insurgents killed at least 15 and wounded four village defence volunteers in a late-night shooting at a security checkpoint in Thailand’s Muslim-majority south, security off...

Five of a family dead following attack in Mexico

-- November 05, 2019 13:22:22

At least five members of a family in northern Mexico, including two infants, were killed on Monday in an attack by unknown gunmen, a government source and local media said, in the latest case of grisl...

RBA keeps interest rate on hold at 0.75pc

-- November 05, 2019 12:15:37

The Reserve Bank of Australia (RBA) decided to keep the official interest rate on hold at 0.75 per cent following a monthly board meeting on Tuesday. The country's interest rate will remain at the al...

Turkey captures slain IS leader Baghdadi’s sister

-- November 05, 2019 11:40:42

The sister of former Islamic State group (IS) leader Abu Bakr al-Baghdadi has been captured in northern Syria, Turkish officials say. The 65-year-old, named as Rasmiya Awad, was detained in a raid on...

China says no 'promise fatigue' on opening its economy

Reuters November 04, 2019 16:48:11

There is no “promise fatigue” about China’s efforts to open its economy to foreign businesses, the government said on Monday on the eve of week-long import fair, after the European U...

One dead, 14 hurt in Kashmir grenade attack

-- November 04, 2019 14:55:28

One person died and at least 14 were injured on Monday in a grenade attack in Indian-administered Kashmir’s main city of Srinagar, two Indian officials told Reuters. Nine people were admitted t...

Vietnam arrests eight in connection with UK truck deaths

-- November 04, 2019 14:16:35

Police in Vietnam have arrested eight people in relation to the discovery of 39 dead Vietnamese in a truck near London last month, state media said on Monday. British police last week charged two men...

Iranians chant ‘Death to America’ to mark US embassy seizure

-- November 04, 2019 13:47:32

Thousands of Iranians chanted “Death to America” near the old US embassy on Monday, the 40th anniversary on the seizure of the mission and a day after Iran’s supreme leader vowed it...

Norway’s Ugland says nine crew abducted by pirates

-- November 04, 2019 12:42:01

A vessel owned by Norwegian shipping firm J J Ugland was boarded by pirates while at anchor off the coast of Benin on Saturday, and nine crew members were kidnapped, the company said on Sunday. The r...

Foreign tourist arrivals to Cambodia rise 10pc

-- November 04, 2019 12:23:31

Cambodia received 4.81 million international visitors in the first nine months of 2019, up 10 per cent over the same period last year, Tourism Minister Thong Khon said on Monday. About 70.5 per cent...

McDonald’s sacks CEO over relationship with employee

-- November 04, 2019 11:55:15

McDonald’s Corp dismissed Chief Executive Steve Easterbrook over a recent consensual relationship with an employee, which the board determined violated company policy, the fast-food giant said o...

Indian capital banishes some cars in hope of clearing the air

-- November 04, 2019 11:41:28

Authorities in the Indian capital on Monday banished from the roads cars with number plates ending in an odd number in a bid to cut hazardous air pollution shrouding the city. The US Embassy air qual...

Attack not to affect finances, operations of Aramco

Reuters November 03, 2019 16:30:38

Saudi Arabia's Aramco said it does not expect a recent attack on its oil plants to have a material impact on finances and operations as it launched an initial public offering (IPO) on Sunday by announ...

Islamic state claims responsibility for Mali attack

Reuters November 03, 2019 11:38:51

Islamic state has claimed responsibility for an attack in northeastern Mali that killed at least 53 soldiers, the group’s Amaq news agency reported on Saturday without citing evidence. Mali gov...

Airbnb bans ‘party houses’ after five die in Halloween shooting

-- November 03, 2019 11:26:28

Airbnb has said it will ban "party houses" after a mass shooting at a California home rented through the company left five people dead. CEO Brian Chesky said in a tweet the company would take steps t...