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Archive

World

Wednesday, December 11, 2019

US productivity weak in Q3; labour costs revised lower
World

US productivity weak in Q3; labour costs revised lower

US worker productivity fell by the most in nearly four years in the third quarter, the government confirmed, while growth in unit labour costs was not as robust as initially thought. The Labour Department said on Tuesday nonfarm productivity, which measur
Published 11 Dec, 2019 12:00am
Chinese inflation hits eight-year high
World

Chinese inflation hits eight-year high

Consumer prices in China accelerated at their fastest pace for almost eight years in November as the African swine fever epidemic caused pork prices to more than double, data showed Tuesday. The consumer price index (CPI) - a key gauge of retail inflation
Published 11 Dec, 2019 12:00am
Ted Baker bosses resign from crisis-hit fashion brand
World

Ted Baker bosses resign from crisis-hit fashion brand

British fashion brand Ted Baker on Tuesday said both its top bosses had quit, as it warned on profits and suspended its dividend on weak consumer spending amid economic uncertainties. The group has replaced chief executive Lindsay Page with finance direct
Published 11 Dec, 2019 12:00am
Volkswagen strikes settlement with Canada over 'dieselgate'
World

Volkswagen strikes settlement with Canada over 'dieselgate'

German automobile giant Volkswagen confirmed Tuesday it had struck a settlement with the Canadian government over allegations that it deliberately broke environmental protection laws, part of the company's worldwide "dieselgate" scandal. In a court hearin
Published 11 Dec, 2019 12:00am
Amazon lawsuit will not delay $10 billion JEDI contract: Pentagon
World

Amazon lawsuit will not delay $10 billion JEDI contract: Pentagon

The lawsuit filed by Amazon challenging a $10 billion US military cloud computing contract awarded to Microsoft will not delay implementation of the project, a senior Pentagon official said Tuesday. Amazon has alleged that President Donald Trump abused th
Published 11 Dec, 2019 12:00am
German investor confidence gauge swings back to green
World

German investor confidence gauge swings back to green

A closely-watched gauge of confidence among German financial players returned to positive territory Tuesday after months in the red, although fears linger over trade tensions and an industrial slowdown. The ZEW institute's monthly barometer measuring expe
Published 11 Dec, 2019 12:00am
US, Mexico, Canada to sign deal finalizing trade agreement
World

US, Mexico, Canada to sign deal finalizing trade agreement

The United States, Mexico and Canada are expected to sign a deal Tuesday finalizing their new trade agreement, capping more than two years of negotiations and paving the way to ratification. Mexican President Andres Manuel Lopez Obrador, who will chair a
Published 11 Dec, 2019 12:00am
US, Saudi Arabia rank bottom of climate class
World

US, Saudi Arabia rank bottom of climate class

The United States and Saudi Arabia are among major polluters showing "hardly any signs" of reducing their greenhouse gas production, a global assessment of countries' emissions trajectories said Tuesday at United Nations climate talks.
Published 11 Dec, 2019 12:00am
Two Algerian ex-PMs get heavy jail terms for corruption
World

Two Algerian ex-PMs get heavy jail terms for corruption

An Algerian court sentenced two former prime ministers to long jail terms Tuesday in the first of a series of high-profile corruption trials launched after longtime president Abdelaziz Bouteflika resigned in the face of mass protests in April.
Published 11 Dec, 2019 12:00am
Solving climate crisis requires leadership: Bloomberg
World

Solving climate crisis requires leadership: Bloomberg

The world does not need a miracle to tame global warming, just leadership, American presidential hopeful Michael Bloomberg told UN climate talks in Madrid on Tuesday, calling for an end to government handouts to oil, gas and coal companies.
Published 11 Dec, 2019 12:00am
US, China working to delay Dec 15 tariffs
World

US, China working to delay Dec 15 tariffs

US and Chinese officials are working on a deal to postpone a round of tariffs set to hit Chinese imports in five days, according to a media report on Tuesday.
Published 11 Dec, 2019 12:00am
Roxette singer dies aged 61
World

Roxette singer dies aged 61

The lead singer of Swedish pop duo Roxette, Marie Fredriksson, who shot to global fame in the 1990s with hits like "It must have been love", has died aged 61 after a long fight with cancer, her manager said Tuesday.
Published 11 Dec, 2019 12:00am
Co-inventor of barcode dies
World

Co-inventor of barcode dies

US engineer George J. Laurer, who co-invented the barcode and helped to transform the retail world in the 1970s, has died at age 94.
Published 11 Dec, 2019 12:00am
Suu Kyi told to 'stop the genocide' in UN court
World

Suu Kyi told to 'stop the genocide' in UN court

Nobel peace laureate Aung San Suu Kyi faced calls for Myanmar to "stop the genocide" of Rohingya Muslims as she personally led her country's defence at the UN's top court on Tuesday.
Published 11 Dec, 2019 12:00am