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Archive

World

Wednesday, October 9, 2019

Protect global trade against Trump 'policy delusions': economist
World

Protect global trade against Trump 'policy delusions': economist

A prominent US economist called Tuesday on countries to save the multilateral global trading system which he said was facing deliberate attack by Washington as part of US President Donald Trump's "fantasy world". "The trading system is under stress right
Published 09 Oct, 2019 12:00am
Boeing reports another big drop in deliveries
World

Boeing reports another big drop in deliveries

Boeing on Tuesday reported another steep quarterly drop in commercial plane deliveries due to the grounding of the 737 MAX but confirmed it still plans to win approval get those jets back in the air this year. The aerospace giant delivered 63 aircraft in
Published 09 Oct, 2019 12:00am
Russia sovereign fund opens Saudi office ahead of Putin visit
World

Russia sovereign fund opens Saudi office ahead of Putin visit

Russia's sovereign wealth fund announced Tuesday the opening of its first overseas office in Saudi Arabia ahead of President Vladimir Putin's expected visit to Riyadh. The Russian Direct Investment Fund (RDIF) said it hoped to boost bilateral cooperation
Published 09 Oct, 2019 12:00am
UK debt burden to rocket under no-deal Brexit
World

UK debt burden to rocket under no-deal Brexit

Britain's debt burden would jump to its highest level in 50 years if it leaves the EU without a deal, a leading think-tank warned Tuesday. The Institute for Fiscal Studies (IFS) said that due to Prime Minister Boris Johnson's public spending plans, govern
Published 09 Oct, 2019 12:00am
Weak US producer inflation bolsters case for Fed rate cut
World

Weak US producer inflation bolsters case for Fed rate cut

US producer prices unexpectedly fell in September, leading to the smallest annual increase in nearly three years, likely giving the Federal Reserve further room to cut interest rates for the third time this year in October. The weak producer inflation rea
Published 09 Oct, 2019 12:00am
US blacklists 28 Chinese entities
World

US blacklists 28 Chinese entities

The US is to blacklist 28 Chinese entities that it says are implicated in rights violations and abuses targeting Uighurs and other mostly Muslim minorities in the Xinjiang region, the commerce department announced. The United States "cannot and will not t
Published 09 Oct, 2019 12:00am
Mexico president writes Pelosi to lobby for trade deal
World

Mexico president writes Pelosi to lobby for trade deal

Mexican President Andres Manuel Lopez Obrador said Tuesday he would send a letter to US House Speaker Nancy Pelosi asking for her support to ratify the new US-Mexico-Canada trade agreement (USMCA). Mexico, which sends 80 percent of its exports to the Unit
Published 09 Oct, 2019 12:00am
Saudi Arabia welcomes 24,000 tourists in 10 days
World

Saudi Arabia welcomes 24,000 tourists in 10 days

Saudi Arabia welcomed 24,000 tourists in the 10 days after it issued tourism visas for the first time, state television reported Tuesday. Saudi Arabia announced on September 27 it would start offering tourist visas, opening up the kingdom to holidaymakers
Published 09 Oct, 2019 12:00am