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Archive

World

Wednesday, October 23, 2019

EU fires budget warning shots to Italy, France
World

EU fires budget warning shots to Italy, France

The European Commission on Tuesday demanded urgent clarifications from Italy and France on their budget plans for next year, worried they veer widely from spending cut commitments made to Brussels. The letters from the EU's executive arm requested a respo
Updated 23 Oct, 2019 06:59am
I Coast tourism attracts $5 billion from Arab investors
World

I Coast tourism attracts $5 billion from Arab investors

Ivory Coast announced Tuesday that Arab investors had pledged $5 billion to support its programme to attract foreign tourists to the West African nation. The tourism ministry said "a round table of investors in Dubai" on Sunday and Monday expressed intere
Updated 23 Oct, 2019 07:11am
McDonald's earnings dip
World

McDonald's earnings dip

McDonald's reported a dip in third-quarter earnings on Tuesday, missing expectations as increased spending on technology hit the company's performance despite higher sales. Profits dipped 1.8 percent from the year-ago period to $1.6 billion. Revenues edge
Updated 23 Oct, 2019 07:11am
Procter & Gamble earnings jump
World

Procter & Gamble earnings jump

Procter & Gamble reported a jump in quarterly earnings Tuesday, benefiting from strong sales of premium toothpaste and other high-end products and price increases in other categories. The consumer products giant, whose brands include Tide detergent and Ol
Updated 23 Oct, 2019 07:05am
S&P downgrades Boeing credit rating outlook to negative
World

S&P downgrades Boeing credit rating outlook to negative

Ratings agency S&P on Tuesday downgraded the outlook for Boeing, citing concerns the aerospace giant may have misled regulators about the 737 MAX. The plane has been grounded in the wake of two deadly crashes that killed 346 people, and Boeing has faced i
Updated 23 Oct, 2019 06:59am