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Archive

World

Friday, November 1, 2019

Whirlpool protest shines light on Italy's woes
World

Whirlpool protest shines light on Italy's woes

Thousands of people marched through Naples Thursday in protest over an industrial dispute that encapsulates the woes of the poverty-hit south, scarred by empty factories, high unemployment and the mafia. Workers downed tools over the threatened closure by
Published 01 Nov, 2019 12:00am
US consumer spending slowing; inflation benign
World

US consumer spending slowing; inflation benign

US consumer spending increased marginally in September while wages were unchanged, which could cast doubts on consumers' ability to continue driving the economy amid a deepening slump in business investment. The report from the Commerce Department on Thur
Published 01 Nov, 2019 12:00am
Boeing says up to 50 planes grounded globally over cracks
World

Boeing says up to 50 planes grounded globally over cracks

Boeing announced Thursday up to 50 of its popular 737NG planes had been grounded after cracks in them were detected, in another blow to the US aircraft maker following two deadly crashes. Australian national carrier Qantas became the latest airline to tak
Published 01 Nov, 2019 12:00am
China's factory activity slips in October
World

China's factory activity slips in October

Chinese factory activity contracted for a sixth-straight month in October, data showed Thursday, as the key manufacturing sector suffers under the weight of a slowing domestic economy and the long-running US trade war. The figures are the latest to highli
Published 01 Nov, 2019 12:00am
Royal Dutch Shell logs rising quarterly net profit
World

Royal Dutch Shell logs rising quarterly net profit

Royal Dutch Shell said Thursday that net profit rose slightly in the third quarter of its financial year, when the Anglo-Dutch energy major was buffeted by lower oil prices. Earnings after taxation added just one percent to $5.9 billion (5.3 billion euros
Published 01 Nov, 2019 12:00am
Indian export subsidies improper: WTO
World

Indian export subsidies improper: WTO

The World Trade Organization found Thursday that India had improperly subsidized exports to the tune of billions of dollars, upholding complaints lodged by the United States. A WTO arbitral panel gave New Delhi three to six months to remove the prohibited
Published 01 Nov, 2019 12:00am