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Archive

World

Friday, February 14, 2020

Rents lift US core inflation; weekly jobless claims up
World

Rents lift US core inflation; weekly jobless claims up

US underlying consumer prices picked up in January, while the number of Americans filing claims for unemployment benefits rose slightly last week, suggesting the economy was stable enough for the Federal Reserve to keep interest rates on hold this year.
Published 14 Feb, 2020 12:00am
Alibaba earnings surge 58pc on 'Single's Day' boost
World

Alibaba earnings surge 58pc on 'Single's Day' boost

Chinese e-commerce leader Alibaba said Thursday that net profit increased 58 percent in the latest quarter, citing another record "Single's Day" sales promotion in November and growth in cloud computing. Net profit reached 52.3 billion yuan ($7.5 billion)
Published 14 Feb, 2020 12:00am
Fines cause turbulence for Airbus results
World

Fines cause turbulence for Airbus results

Airbus on Thursday reported a net loss of 1.36 billion euros for 2019, weighed down by massive fines to settle bribery scandals and extra costs for the A400M military transport aircraft. Airbus has agreed to pay 3.6 billion euros ($3.9 billion) in fines t
Published 14 Feb, 2020 12:00am
Nestle sees profits rise 24.4 percent in 2019
World

Nestle sees profits rise 24.4 percent in 2019

Swiss food giant Nestle, owner of KitKat and Nespresso, on Thursday posted a 24.4 percent jump in net profit last year, with numbers boosted by the sale of its skincare unit. Profit rose to 12.6 billion Swiss francs (11.8 billion euros, $12.9 billion). An
Published 14 Feb, 2020 12:00am
US Senate votes to restrain Trump from attacking Iran
World

US Senate votes to restrain Trump from attacking Iran

The US Senate voted Thursday to restrain President Donald Trump from attacking Iran, with eight members of his Republican Party bucking their leadership to agree. The resolution, which requires Trump to seek explicit authorization from Congress before fur
Published 14 Feb, 2020 12:00am
Venezuela asks ICC to probe US sanctions
World

Venezuela asks ICC to probe US sanctions

Venezuela said Thursday it had asked the International Criminal Court to investigate US sanctions against Nicolas Maduro's government as possible crimes against humanity. Foreign Minister Jorge Arreaza said that in a "historic event" he had formally refer
Published 14 Feb, 2020 12:00am
Syria parliament recognises Armenian genocide
World

Syria parliament recognises Armenian genocide

Syria's parliament on Thursday recognised the 1915-1917 killings of up to 1.5 million Armenians as genocide, as tensions run high with Turkey after deadly clashes in northwest Syria. "The parliament... condemns and recognises the genocide committed agains
Published 14 Feb, 2020 12:00am
Russia fines Twitter, Facebook for keeping data abroad
World

Russia fines Twitter, Facebook for keeping data abroad

A Moscow court on Thursday fined social networking giants Twitter and Facebook for ignoring a Russian law requiring them to store Russian citizens' user data inside the country. A court slapped the US-based companies with fines of four million rubles each
Published 14 Feb, 2020 12:00am
Turkey threatens force against 'radicals' in Syria's Idlib
World

Turkey threatens force against 'radicals' in Syria's Idlib

Turkey on Thursday threatened to use force against "radicals" in Syria's Idlib province after Russia accused Ankara of failing to "neutralise" jihadist groups under a 2018 deal. "Force will be used in Idlib against those who do not abide by the ceasefire,
Published 14 Feb, 2020 12:00am
Airline ad about imported Scandi traditions sparks turbulence
World

Airline ad about imported Scandi traditions sparks turbulence

A new commercial from airline SAS challenging the authenticity of Scandinavian traditions has provoked furore in the form of cyber attacks, a wave of social media anger and bomb threats against the ad agency behind it. On Thursday morning, Danish police c
Published 14 Feb, 2020 12:00am
Rocket hits Iraq base hosting US troops: security sources
World

Rocket hits Iraq base hosting US troops: security sources

A rocket slammed into an Iraqi base where American troops are stationed in the remote province of Kirkuk, Iraqi and US security sources told AFP on Thursday night. There were no immediate reports of casualties. According to three separate Iraqi security s
Published 14 Feb, 2020 12:00am
Equatorial Guinea denounces France, Spain, US for 'interference'
World

Equatorial Guinea denounces France, Spain, US for 'interference'

Equatorial Guinea on Thursday accused the French, Spanish and US ambassadors of interfering in its affairs by allegedly preventing investigators from arresting a high-profile suspect in the 2017 coup bid. The authorities are upset that the three ambassado
Published 14 Feb, 2020 12:00am