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Archive

World

Friday, February 7, 2020

India interest rates on hold as inflation soars
World

India interest rates on hold as inflation soars

India's central bank kept interest rates on hold Thursday due to soaring inflation, even as the government's annual budget announcement last week raised little hope of an economic revival. The Reserve Bank of India (RBI) said the benchmark repo rate - the
Published 07 Feb, 2020 12:00am
South African Airways axes more domestic, international routes
World

South African Airways axes more domestic, international routes

South Africa's ailing national airline on Thursday announced plans to close almost all its domestic services and some international flights, the latest bid to save cash after a spree of cancellations. Flag carrier South African Airways (SAA) has failed to
Published 07 Feb, 2020 12:00am
Sri Lanka arrests airline chief over Airbus kickback claims
World

Sri Lanka arrests airline chief over Airbus kickback claims

The former chief of Sri Lanka's national carrier was arrested Thursday over allegations he received bribes for a multi-billion-dollar Airbus aircraft deal, as the fallout from corruption probes into the aviation giant grew.
Published 07 Feb, 2020 12:00am
Toyota logs nine-month profit gain, upgrades annual forecasts
World

Toyota logs nine-month profit gain, upgrades annual forecasts

Japanese car giant Toyota on Thursday reported a surge in net profit on record sales for the nine months to December, and upgraded its full-year profit forecasts. But the maker of the Camry sedan and Prius hybrid warned it was closely watching the impact
Published 07 Feb, 2020 12:00am
Malaysian PM downplays AirAsia probe after CEO steps aside
World

Malaysian PM downplays AirAsia probe after CEO steps aside

Receiving money to "offset" buying planes and equipment did not necessarily constitute bribery, Malaysia's prime minister said Thursday, days after AirAsia boss Tony Fernandes stepped aside temporarily in the wake of a $4 billion Airbus graft scandal.
Published 07 Feb, 2020 12:00am
Belgian region halts arms sales to Saudi defence ministry
World

Belgian region halts arms sales to Saudi defence ministry

The Belgian region of Wallonia, home to the FN Herstal and CMI arms plants, said Thursday it had halted weapons sales to Saudi Arabia's defence ministry because of the war in Yemen. Confirming a report in the newspaper L'Echo, Wallonia said Minister-Presi
Published 07 Feb, 2020 12:00am
Hollywood legend Kirk Douglas dies
World

Hollywood legend Kirk Douglas dies

Kirk Douglas, one of the last superstars of Hollywood's golden age of cinema renowned for his intense, muscular performances in "Spartacus" and "Paths of Glory," died Wednesday aged 103. The US leading man, producer and director came to prominence in the
Published 07 Feb, 2020 12:00am
Bulgaria changes legislation to join euro 'waiting room'
World

Bulgaria changes legislation to join euro 'waiting room'

Bulgaria's parliament adopted on Thursday changes to the country's central bank law so as to allow its accession to the "waiting room" of the eurozone. Since 1999, Bulgaria has operated an IMF-led currency board arrangement that pegs its lev to the euro a
Published 07 Feb, 2020 12:00am
Record breaking US astronaut returns to Earth
World

Record breaking US astronaut returns to Earth

NASA's Christina Koch returned to Earth safely Thursday having shattered the spaceflight record for female astronauts after almost a year aboard the International Space Station. Koch touched down at 0912 GMT on the Kazakh steppe after 328 days in space al
Published 07 Feb, 2020 12:00am
Swiss authorities back assisted suicide in prisons
World

Swiss authorities back assisted suicide in prisons

Sick prisoners will be allowed to request assisted suicide in Switzerland although the modalities still have to be worked out, prison system officials said on Thursday. The issue has come to the fore following a request made in 2018 by a convict behind ba
Published 07 Feb, 2020 12:00am
Two Palestinians killed, Israel troops wounded
World

Two Palestinians killed, Israel troops wounded

A car-ramming targeting Israeli troops in Jerusalem wounded 14 people Thursday while two Palestinians were shot dead in clashes in the occupied West Bank, as violence spiked a week after Washington's controversial Middle East peace plan. A third person wa
Published 07 Feb, 2020 12:00am
Saudi ship on suspected weapons voyage arrives in France
World

Saudi ship on suspected weapons voyage arrives in France

A Saudi cargo ship on a suspected mission to collect weapons for use in the war in Yemen arrived in the French port of Cherbourg on Thursday. The Bahri Yanbu arrived at around 5 pm (1600 GMT) in Cherbourg, where dozens of activists held a protest over the
Published 07 Feb, 2020 12:00am