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Archive

World

Thursday, February 6, 2020

Walt Disney results lifted by 'Star Wars,' 'Frozen'
World

Walt Disney results lifted by 'Star Wars,' 'Frozen'

Walt Disney Co. on Tuesday delivered better-than-expected results in the past quarter, fueled by box office hits from its latest "Star Wars" and "Frozen" films and a strong response to its new Disney+ streaming service Profits in the three months leading
Published 06 Feb, 2020 12:00am
US trade deficit narrows for first time in six years
World

US trade deficit narrows for first time in six years

The US trade deficit fell for the first time in six years in 2019 as the White House's trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment.
Published 06 Feb, 2020 12:00am
Canada posts sharply lower trade deficit
World

Canada posts sharply lower trade deficit

Canada's trade deficit fell sharply in December to Can$370 million (US$278 million) as oil exports rebounded, the government statistical agency said Wednesday. The deficit narrowed from Can$1.2 billion the previous month, when disruptions in rail and pipe
Published 06 Feb, 2020 12:00am
Venezuela 2019 inflation close to 10,000 percent
World

Venezuela 2019 inflation close to 10,000 percent

Inflation reached almost 10,000 percent in crisis-hit Venezuela in 2019, according to official government statistics, a figure well below the International Monetary Fund prediction of 200,000 percent but still a source of grinding hardship.
Published 06 Feb, 2020 12:00am
Alarm over BBC future as UK proposes fee changes
World

Alarm over BBC future as UK proposes fee changes

The British government on Wednesday announced plans to stop prosecuting people who do not pay the BBC's compulsory subscription fee, sparking concerns about the broadcaster's future funding. Culture Secretary Nicky Morgan said that in an era of streaming
Published 06 Feb, 2020 12:00am
UK regulator bans Ryanair's 'misleading' green adverts
World

UK regulator bans Ryanair's 'misleading' green adverts

A British regulator on Wednesday banned advertisements by Ryanair that gave "misleading" claims over the Irish airline's "low" level of carbon emissions - a move welcomed by environmental campaigners. The Advertising Standards Authority (ASA) ruled that t
Published 06 Feb, 2020 12:00am
General Motors says labour strike led to $194 million 4Q loss
World

General Motors says labour strike led to $194 million 4Q loss

General Motors reported a fourth-quarter loss on Wednesday due to a lengthy labour strike in the United States, while projecting lower 2020 industrywide sales in the US and China. The US auto giant said a 40-day strike that shuttered US factories dented f
Published 06 Feb, 2020 12:00am
German car sales plunge
World

German car sales plunge

German car sales fell sharply in January, official data showed Wednesday, hit by the coming into force of new EU pollution rules which had triggered a buying frenzy in the final months of 2019. A total of 246,300 new cars hit the road last month, down 7.3
Published 06 Feb, 2020 12:00am
In Spain, poverty blights 1 in 4 families with children: study
World

In Spain, poverty blights 1 in 4 families with children: study

More than a quarter of all families with children in Spain are living in poverty, with most of them in three-generation households, a Save the Children study showed Wednesday. Entitled "Families at Risk", the report was based on a detailed examination of
Published 06 Feb, 2020 12:00am
Qatar Airways bids to acquire RwandaAir stake
World

Qatar Airways bids to acquire RwandaAir stake

Qatar Airways is negotiating to acquire 49 percent of RwandaAir, the national carrier of the central African nation, to cater for growing demand in Africa, its chief said Wednesday.
Published 06 Feb, 2020 12:00am
Spotify increases subscribers but widens net loss in 2019
World

Spotify increases subscribers but widens net loss in 2019

Music streaming service Spotify reported Wednesday a bigger net loss in 2019, driven by aggressive investing, but said it had more active users and paying subscribers. At the end of 2019 Spotify's number of monthly active users had grown to 271 million, a
Published 06 Feb, 2020 12:00am
GSK to lay off 720 workers in Belgium
World

GSK to lay off 720 workers in Belgium

British pharmaceutical giant GSK plans to cut up to 720 mainly senior jobs from its vaccine division in Belgium and not renew 215 temporary contracts, it said Wednesday.
Published 06 Feb, 2020 12:00am
Romania government falls after three months
World

Romania government falls after three months

Romania's pro-European government collapsed in a parliamentary no-confidence vote on Wednesday after only three months in office, bringing the EU member closer to early elections.
Published 06 Feb, 2020 12:00am
Record year for Morocco tourism with 13 million visitors
World

Record year for Morocco tourism with 13 million visitors

A record 13 million tourists visited Morocco in 2019, up 5.2 percent from the previous year, official figures showed Wednesday. The number includes Moroccans from the diaspora, who account for around half of visitors annually.
Published 06 Feb, 2020 12:00am
EU tightens entry process for Balkan countries
World

EU tightens entry process for Balkan countries

The European Commission proposed a tougher and more political admissions process for new member states Wednesday, in a concession to France which could revive membership hopes for Albania and North Macedonia.
Published 06 Feb, 2020 12:00am
Venezuela government blasts Trump's 'violent threats'
World

Venezuela government blasts Trump's 'violent threats'

Venezuela's government on Wednesday accused US President Donald Trump of "violent threats" after he said socialist leader Nicolas Maduro's regime would be "smashed and broken" during his annual address to Congress.
Published 06 Feb, 2020 12:00am
Trump plan for Mideast will die before he does: Iran leader
World

Trump plan for Mideast will die before he does: Iran leader

Iran's supreme leader Ayatollah Ali Khamenei predicted Wednesday that Donald Trump would outlive the US president's controversial proposals for Israeli-Palestinian peace. "This plan will certainly not work and it will die before Trump," Khamenei told a ga
Published 06 Feb, 2020 12:00am