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Archive

World

Saturday, February 29, 2020

Canada economic growth slows
World

Canada economic growth slows

Canadian economic growth slowed to 0.3 percent in the last quarter of 2019, the government reported Friday, but still beat forecasts slightly. Gross domestic product (GDP) had been widely expected to fall to 0.2 percent from the previous quarter.
Published 29 Feb, 2020 12:00am
Europe airlines chart path through coronavirus crisis
World

Europe airlines chart path through coronavirus crisis

European airlines are reducing flights to Italy due to coronavirus as part of drastic cost-cutting in an industry rocked by fallout from the deadly outbreak. Big global carriers had already cancelled flights to China - including Air Canada, Air France-KLM
Published 29 Feb, 2020 12:00am
India's quarterly growth rises slightly after six-year lows
World

India's quarterly growth rises slightly after six-year lows

India's economic growth rose slightly to 4.7 percent in the last three months of 2019, government data showed Friday, edging back from six-year lows. Asia's third-largest economy is facing strong headwinds with a contraction in investments, lower factory
Published 29 Feb, 2020 12:00am
Coronavirus hits outlook for BA, EasyJet
World

Coronavirus hits outlook for BA, EasyJet

British Airways-parent IAG on Friday said annual net profit dived 41 percent on higher fuel costs and strikes at BA, adding that the outlook was "adversely affected" by the coronavirus. Profit after tax slumped to 1.72 billion euros ($1.89 billion) last y
Published 29 Feb, 2020 12:00am
VW strikes 'dieselgate' compensation deal with German consumers
World

VW strikes 'dieselgate' compensation deal with German consumers

German automaker Volkswagen said Friday it has struck a compensation deal with domestic consumer groups representing owners of cars caught up in its "dieselgate" emissions cheating scandal. "We and the Federation of German Consumer Organisations (VZBV) ha
Published 29 Feb, 2020 12:00am
Sri Lanka offers tax cuts, subsidies to revive jinxed airport
World

Sri Lanka offers tax cuts, subsidies to revive jinxed airport

Sri Lanka's new government Friday offered tax breaks and subsidised fuel to revive the island's second international airport built with Chinese loans but which ended up a white elephant. Authorities announced plans to suspend the $60 departure tax for two
Published 29 Feb, 2020 12:00am
Britain jails roof box people smuggler
World

Britain jails roof box people smuggler

A British court on Friday jailed for three years a people smuggler who tried to sneak in three Vietnamese nationals by cramming them into the roof box of his car.
Published 29 Feb, 2020 12:00am
Pompeo warns Iran not to be 'spoiler' in Afghanistan
World

Pompeo warns Iran not to be 'spoiler' in Afghanistan

Secretary of State Mike Pompeo on Friday warned Iran not to scuttle an upcoming agreement with the Taliban, accusing the US adversary of seeking to be a "spoiler." Pompeo confirmed that a one-week partial truce was holding with the Taliban, who are schedu
Published 29 Feb, 2020 12:00am
US consumer spending, inflation cool; spotlight on Fed
World

US consumer spending, inflation cool; spotlight on Fed

US consumer spending slowed in January and could lose further momentum as the fast-spreading coronavirus outbreak, which has sparked a stock market sell-off and revived fears of a recession, causes households to tighten their purse strings.
Published 29 Feb, 2020 12:00am
Philippines says door open to reshaping US military pact
World

Philippines says door open to reshaping US military pact

There is still room for negotiations to replace a key military pact with the US that the Philippines has moved to scrap, a top Manila diplomat said Friday, voicing hope for the seven-decade-old alliance. President Rodrigo Duterte gave notice nearly three
Published 29 Feb, 2020 12:00am
At least one wounded as rockets hit Libya capital, airport
World

At least one wounded as rockets hit Libya capital, airport

Rockets targeted areas of the Libyan capital Tripoli on Friday, including its only working airport, wounding at least one person and causing material damage, several sources said. Forces backing the UN-recognised Government of National Accord (GNA), based
Published 29 Feb, 2020 12:00am
Greece blocks migrants on border with Turkey
World

Greece blocks migrants on border with Turkey

Greece blocked hundreds of migrants trying to enter the country on Friday, with the Prime Minister declaring that "illegal" entries would not be tolerated, hours after Turkey said it would no longer prevent them from travelling to Europe.
Published 29 Feb, 2020 12:00am
Malaysian king hits back at Mahathir amid crisis
World

Malaysian king hits back at Mahathir amid crisis

Malaysia's king struck down Friday a power play by 94-year-old Mahathir Mohamad aimed at seizing momentum in a political crisis, capping a week of turmoil that has left the country effectively leaderless.
Published 29 Feb, 2020 12:00am
Ruling party retains sweeping majority in Cameroon
World

Ruling party retains sweeping majority in Cameroon

President Paul Biya's party has retained an absolute majority in Cameroon's parliament, the constitutional council announced Friday after the controversial February 9 vote. His Cameroon People's Democratic Movement (RDPC) won 139 out of 167 declared seats
Published 29 Feb, 2020 12:00am