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World

Tuesday, February 18, 2020

Lebanon PM meets IMF delegation
World

Lebanon PM meets IMF delegation

"Prime Minister Hassan Diab meets at 4 pm (1400 GMT) with a delegation from the International Monetary Fund," the s
Published 18 Feb, 2020 10:49am
Geneva invention show delayed over novel coronavirus
World

Geneva invention show delayed over novel coronavirus

A trade show in Geneva featuring hundreds of inventors from Asia is being postponed until September due to the novel coronavirus outbreak, organisers said on Monday. The show - the largest of its kind in the world - had been due to take place next month b
Published 18 Feb, 2020 12:00am
EU to make getting funds conditional on respecting democracy
World

EU to make getting funds conditional on respecting democracy

The 27 national leaders of the European Union will make access to funding in the EU's budget for 2021-27 conditional on respecting the rule of law, according to a draft joint decision prepared for their summit in Brussels on Thursday.
Published 18 Feb, 2020 12:00am
Iran says ready to support Lebanese economy
World

Iran says ready to support Lebanese economy

Iran is ready to help Lebanon's ailing economy, the speaker of its parliament was quoted as saying Monday during a visit to Beirut. Lebanon is going through its worst crisis in decades as a debt burden combined with slowing capital flows bring the small c
Published 18 Feb, 2020 12:00am
China's home price growth hits near two-year low
World

China's home price growth hits near two-year low

New home prices in China grew at their weakest pace in nearly two years in January as the economy slowed and a fast-spreading coronavirus outbreak brought the country's property market to a standstill. Worryingly, analysts say the worst is yet to come for
Published 18 Feb, 2020 12:00am
Japan suffers worst economic slump in five years
World

Japan suffers worst economic slump in five years

Japan has suffered its worst quarterly GDP contraction in more than five years, with a tax hike and a deadly typhoon taking a toll on the world's third-largest economy. The nation's gross domestic product in the three months to December shrank 1.6 percent
Published 18 Feb, 2020 12:00am
Moody's cuts South Africa's 2020 GDP growth forecast to 0.7 percent
World

Moody's cuts South Africa's 2020 GDP growth forecast to 0.7 percent

Ratings agency Moody's has cut its 2020 growth forecast for South Africa to 0.7%, saying the economy remained stuck in low gear due to lacklustre private sector demand at home. Moody's, which in September had foreseen growth of 1.5%, also attributed the d
Published 18 Feb, 2020 12:00am
Chinese investor quits Kyrgyz project over protests
World

Chinese investor quits Kyrgyz project over protests

A Chinese investor that planned to pour nearly $300 million into a trade and logistics centre in Kyrgyzstan said it had quit the project on Monday over local protests. Men on horseback were among those rallying against the construction of the facility in
Published 18 Feb, 2020 12:00am
Alstom signals plans to take over Bombardier rail division
World

Alstom signals plans to take over Bombardier rail division

Alstom said Monday it wanted to buy Bombardier's rail division in a deal that would help it compete with China while allowing indebted Bombardier to speed up an ongoing fire sale. Alstom said talks about taking over Bombardier Transport were "ongoing", wi
Published 18 Feb, 2020 12:00am
Dubai port operator DP World to return to full state ownership
World

Dubai port operator DP World to return to full state ownership

Dubai port and logistics giant DP World said on Monday it would return to full state ownership and delist from the Nasdaq Dubai, in a deal worth some $2.7 billion. State-owned parent company Port and Free Zone World has offered to acquire the 19.55 percen
Published 18 Feb, 2020 12:00am
UK household finances hit record high
World

UK household finances hit record high

A gauge of how Britons feel about their household finances hit its highest level on record this month, the latest sign of a confidence bounce since Prime Minister Boris Johnson's decisive election win in December. The IHS Markit Household Finance Index ju
Published 18 Feb, 2020 12:00am
UK warns won't accept EU-ruled 'level playing field'
World

UK warns won't accept EU-ruled 'level playing field'

Britain's trade negotiator warned Monday that his government would not accept EU supervision of its economy in exchange for close trade ties. Senior diplomat Mark Frost told academics in Brussels that London intended to set its own laws following Brexit a
Published 18 Feb, 2020 12:00am
EU agrees naval mission to stop Libya arms flow
World

EU agrees naval mission to stop Libya arms flow

EU foreign ministers agreed Monday to a naval operation to enforce an arms embargo on war-torn Libya, overcoming objections from countries who feared it may encourage new migrant flows. The mission will be authorised to intervene to stop arms shipments, E
Published 18 Feb, 2020 12:00am
Niger stampede kills 20 at handout for refugees
World

Niger stampede kills 20 at handout for refugees

Twenty people, many of them women and children, were trampled to death on Monday in a stampede for food and money for refugees in southeast Niger, sources said. "We have a provisional toll of 20 dead," a medical source said. Aid workers confirmed the acco
Published 18 Feb, 2020 12:00am
Americans rescued from corona-infected cruise ship arrive home
World

Americans rescued from corona-infected cruise ship arrive home

More than 300 Americans rescued from a cruise ship quarantined off Japan because of the new coronavirus arrived back in the US Monday to begin a further two-week period of medical seclusion, as the epidemic claimed more lives in China to push the death to
Published 18 Feb, 2020 12:00am
Donors pledge 1.15 billion euros for Albania quake recovery
World

Donors pledge 1.15 billion euros for Albania quake recovery

International donors on Monday pledged 1.15 billion euros ($1.25 billion) to help Albania recover from a powerful earthquake last year, the EU chief announced, more than double the sum expected by Tirana. Albanian Prime Minister Edi Rama said the sum - wh
Published 18 Feb, 2020 12:00am
Storm Dennis wreaks havoc across flood-hit Britain
World

Storm Dennis wreaks havoc across flood-hit Britain

Britain on Monday battled fallout from Storm Dennis as hundreds of flood warnings remained in place after the second severe storm in seven days battered the country over the weekend. The latest hazardous weather brought winds of more than 90 miles (140 ki
Published 18 Feb, 2020 12:00am
Israeli aircraft flies over Sudan for first time: Netanyahu
World

Israeli aircraft flies over Sudan for first time: Netanyahu

An Israeli aircraft has flown through Sudanese airspace for the first time, in what Prime Minister Benjamin Netanyahu called another example of warming ties with formally hostile states. Israel remains technically at war with Sudan, which supported hardli
Published 18 Feb, 2020 12:00am
Twenty-four killed in Burkina Faso church attack
World

Twenty-four killed in Burkina Faso church attack

Gunmen have killed 24 people and wounded 18 in an attack on a Protestant church in a village in northern Burkina Faso, officials said Monday. In a separate incident, five Burkinabe soldiers in the troubled region were killed by a roadside bomb, security s
Published 18 Feb, 2020 12:00am
Assad says no let-up in northern Syria offensive
World

Assad says no let-up in northern Syria offensive

Syrian President Bashar al-Assad on Monday vowed his forces would be relentless in their offensive to flush out the last rebel bastion in northern Syria. His address on state television came even as the United Nations' chief relief coordinator Mark Lowcoc
Published 18 Feb, 2020 12:00am
UK music producer Andy Weatherall dies
World

UK music producer Andy Weatherall dies

Andy Weatherall, the DJ who produced Primal Scream's "Screamadelica" and a pioneer of the acid house movement, died Monday at age 56 after suffering a pulmonary embolism, his representatives said.
Published 18 Feb, 2020 12:00am
SpaceX re-useable rocket misses landing ship
World

SpaceX re-useable rocket misses landing ship

SpaceX successfully launched its latest cluster of high-speed internet satellites into orbit Monday but was unable to land its rocket booster on an autonomous ship, missing a key milestone. The private company founded by billionaire Elon Musk has revoluti
Published 18 Feb, 2020 12:00am
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