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World

Monday, March 2, 2020

Saudi Arabia's economy slightly grows in 2019 as oil sector shrinks
World

Saudi Arabia's economy slightly grows in 2019 as oil sector shrinks

Saudi Arabia's economy grew by a weaker-than-expected 0.3% in 2019 as the oil sector contracted sharply, official data showed on Sunday, although the non-oil sector accelerated. Saudi Arabia, the world's biggest oil exporter, wants to boost the private se
Published 02 Mar, 2020 12:00am
Sri Lanka heads for snap polls as Rajapaksa tightens grip
World

Sri Lanka heads for snap polls as Rajapaksa tightens grip

Sri Lanka's new president is set to dissolve parliament shortly and call snap a legislative election six months ahead of schedule, a state-run newspaper said Sunday. Gotabaya Rajapaksa is expected to exercise his constitutional power to sack the assembly
Published 02 Mar, 2020 12:00am
Israeli airline eyes mass job cuts over coronavirus
World

Israeli airline eyes mass job cuts over coronavirus

Israeli airline El Al said Sunday it was considering firing 1,000 staff out of its total workforce of around 6,000 due to losses linked to the novel coronavirus outbreak. A company spokesman confirmed the plan to AFP but would not give further details.
Published 02 Mar, 2020 12:00am
Yemen rebels seize capital of strategic province
World

Yemen rebels seize capital of strategic province

Yemen's Huthi rebels have seized control of a strategic town north of the capital, government officials said Sunday, in what analysts say could change the course of the five-year-old war. The Iran-aligned militia captured Al-Hazm, capital of the northern
Published 02 Mar, 2020 12:00am
Russia's Sputnik says Turkey editor-in-chief released
World

Russia's Sputnik says Turkey editor-in-chief released

Istanbul police on Sunday released the editor-in-chief of the Turkish edition of Sputnik, the Russian news website said, as tensions escalated between Ankara and Moscow. Sputnik Turkey's editor-in-chief Mahir Boztepe was detained and taken to the Istanbul
Published 02 Mar, 2020 12:00am
Group of Canadian charity workers detained in Ethiopia
World

Group of Canadian charity workers detained in Ethiopia

Ottawa confirmed Saturday that a group of Canadians had been detained in Ethiopia after a humanitarian organization reported that 15 volunteers and workers, including 13 Canadian nationals, had been apprehended. Global Affairs Canada, the foreign ministry
Published 02 Mar, 2020 12:00am
Climate change lengthens Australian summers by 50 percent
World

Climate change lengthens Australian summers by 50 percent

Australian summers are now effectively twice as long as its winters as climate change has increased temperatures since the middle of the last century, research released in the wake of the nation's unprecedented fire season showed on Monday.
Published 02 Mar, 2020 12:00am
Coronavirus: who is most at risk of dying?
World

Coronavirus: who is most at risk of dying?

As the number of confirmed coronavirus cases across 61 countries hit 86,000 Saturday with nearly 3,000 deaths to date, the profile of those most at risk of dying is coming into focus, experts told AFP. But the overall mortality rate remains uncertain, the
Published 02 Mar, 2020 12:00am
Guinea-Bissau interim president quits after death threats
World

Guinea-Bissau interim president quits after death threats

The man appointed interim president of Guinea-Bissau by the side beaten in the December presidential election has stepped down because of death threats, less than two days after being nominated. "Given the death threats against me and my bodyguards, I hav
Published 02 Mar, 2020 12:00am
Opposition sidelined as Tajikistan votes in parliamentary polls
World

Opposition sidelined as Tajikistan votes in parliamentary polls

Polls closed in Tajikistan Sunday in a parliamentary election that President Emomali Rakhmon's ruling party is expected to sweep, with only one genuinely critical party taking part and the former main opposition banned. The elections are the first in the
Published 02 Mar, 2020 12:00am
France closes Louvre as virus cases mount in Europe
World

France closes Louvre as virus cases mount in Europe

France's famed Louvre museum, the world's most visited, closed Sunday as coronavirus cases mounted across Europe and beyond, with the global death toll nearing 3,000. The virus has now infected more than 88,000 people and spread to more than 60 countries
Published 02 Mar, 2020 12:00am
Chinese cities offer incentives to revive car sales
World

Chinese cities offer incentives to revive car sales

Two more Chinese cities that rely heavily on car manufacturing plan to offer incentives to bolster auto sales, which have been hit by the fallout from the spread of the coronavirus. In the southern city of Guangzhou - where Japanese automakers Toyota, Hon
Published 02 Mar, 2020 12:00am
Italy plans economic rescue for businesses hit by virus
World

Italy plans economic rescue for businesses hit by virus

Italy's economy minister promised Sunday to deliver 3.6 billion euros ($4 million) in emergency aid - equivalent to 0.2 percent of the country's entire economy - to sectors affected by the new coronavirus epidemic. The package must still be approved by th
Published 02 Mar, 2020 12:00am
Reckitt takes short term pain for long term growth
World

Reckitt takes short term pain for long term growth

Reckitt Benckiser's new CEO unveiled plans on Thursday to spend 2 billion pounds ($2.6 billion) over the next three years to spur growth, as the company took a 5 billion pound writedown on the value of its baby formula business Mead Johnson. The British m
Published 02 Mar, 2020 12:00am
Lufthansa to freeze hiring, cut costs over coronavirus
World

Lufthansa to freeze hiring, cut costs over coronavirus

German airline Lufthansa said on Wednesday it would freeze new hires and use unpaid leave and additional short-time work to cut costs to help cushion the economic impact of the novel coronavirus. "To counteract the economic impact of the coronavirus of th
Updated 04 Mar, 2020 10:53am
AB InBev sees 10 percent hit to first-quarter profit
World

AB InBev sees 10 percent hit to first-quarter profit

The world's largest brewer Anheuser-Busch InBev forecast a 10 percent decline in first-quarter profit on Thursday after the coronavirus outbreak hit beer sales during the Chinese New Year, sending its shares skidding. The maker of Budweiser, Corona and St
Published 02 Mar, 2020 12:00am
Rolls-Royce takeoff requires disbelief suspension
World

Rolls-Royce takeoff requires disbelief suspension

United States founding father James Madison once quipped that the currency of confidence was worth more than money itself. Long-suffering shareholders in Rolls-Royce must hope the company's breezy self-assurance finally pays off. Chief Executive Warren Ea
Published 02 Mar, 2020 12:00am
Carrefour raises cost savings goal as 2019 core profits rise
World

Carrefour raises cost savings goal as 2019 core profits rise

France's Carrefour raised its savings target on Thursday as Europe's largest retailer delivered cost cuts of 1 billion euros ($1.1 billion) last year, helping it fund e-commerce investments and price cuts for customers. It posted a well-flagged 7.4 percen
Published 02 Mar, 2020 12:00am
AirAsia X defers A330neo deliveries
World

AirAsia X defers A330neo deliveries

Malaysian long-haul budget airline AirAsia X said it will defer delivery of 78 Airbus SE A330neo planes and consider other changes to reduce its fleet, as the coronavirus outbreak adds pressure on the loss-making carrier. AirAsia X said late on Thursday i
Published 02 Mar, 2020 12:00am
Asian cities urged to bolster defence against rising seas
World

Asian cities urged to bolster defence against rising seas

Major Asian cities, including Tokyo, Jakarta, Ho Chi Minh City and Shanghai, are most at risk from rising sea levels, researchers warned on Thursday, urging authorities to invest more in flood defences and plan to relocate assets and people.
Published 02 Mar, 2020 12:00am
Vulnerable continent: Africa and the coronavirus
World

Vulnerable continent: Africa and the coronavirus

The first detected case of coronavirus in Africa highlights the vulnerability of the world's poorest continent to outbreaks of contagious diseases. Much of Africa struggles with conflicts, poor health infrastructure, crowded cities with inadequate sanitat
Published 02 Mar, 2020 12:00am
Moscow winter 'warmest since records began': weather service
World

Moscow winter 'warmest since records began': weather service

Russia's capital Moscow, which for the past months has largely been deprived of its traditional seasonal covering of snow, has seen its warmest winter since records began, the state weather service said on Saturday. The head of Russia's forecasting centre
Published 02 Mar, 2020 12:00am
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