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Archive

World

Wednesday, June 2, 2021

IMF sees Greek economy growing 3.3pc in 2021, boosted by EU funds, tourism
Europe

IMF sees Greek economy growing 3.3pc in 2021, boosted by EU funds, tourism

  • The forecasts, issued following a regular IMF staff visit to Greece, represent a slight cut in the fund's previous 3.8% forecast for 2021 issued in April but an increase in the previous 5% forecast for next year.
  • The estimates, which follow an 8.2% contraction in Greek GDP in 2020, are slightly below Greece's own forecasts for 3.6% growth this year and 6.2% growth in 2022.
Published 02 Jun, 2021 07:45pm
Oman says expat workforce fell by 200,000 in year to March
Middle East

Oman says expat workforce fell by 200,000 in year to March

  • "Expatriates employed in the government sector fell from 53,332 to 49,898. While expatriates employed in the private sector dropped from 1,608,781 to 1,403,287."
  • Oman posted a deficit of 827 million rials ($2.15 billion) in the four months to April, the ministry said on Wednesday, with revenues declining by 27.7% annually during the period.
Published 02 Jun, 2021 07:19pm
Russia-linked hacking group is behind cyberattack against JBS
Europe

Russia-linked hacking group is behind cyberattack against JBS

  • The "vast majority" of the company's beef, pork, poultry and prepared foods plants will be operational on Wednesday, according to a statement, easing concerns over rising food prices.
  • The cyberattack followed one last month by a group with ties to Russia on Colonial Pipeline, the largest fuel pipeline in the United States, which crippled fuel delivery for several days in the US Southeast.
Published 02 Jun, 2021 07:10pm
Cambodia seeks China help to modernise navy base: report
South Asia

Cambodia seeks China help to modernise navy base: report

  • In October, Cambodia confirmed it had razed a small US-built facility at Cambodia's Ream Naval Base as part of a planned upgrade, but had denied reports that China would be involved in that.
  • On Wednesday, Defence Minister Tea Banh told news portal Fresh News that Cambodia had asked for China's help.
Published 02 Jun, 2021 07:07pm
US and Turkish businesses urge presidents to rebuild ties
Europe

US and Turkish businesses urge presidents to rebuild ties

  • Tayyip Erdogan and Joe Biden are due to hold talks at a NATO summit on June 14, their first face-to-face meeting since Biden took office in January.
  • Given the current challenges caused by the global pandemic, we feel very strongly that this is a time to keep allies as allies rather than focus on differences.
Published 02 Jun, 2021 07:00pm
UK's Johnson says need to wait for data on June reopening
Europe

UK's Johnson says need to wait for data on June reopening

  • Johnson has previously warned that the swift spread of the B.1.617.2 variant of concern first identified in India could derail his plans to end England's COVID restrictions on June 21.
  • "I can see nothing in the data at the moment that means we can't go ahead with step four, or the opening up on June 21st, but we've got to be so cautious."
Updated 02 Jun, 2021 06:57pm
Blinken in Costa Rica to discuss Central American migrants
World

Blinken in Costa Rica to discuss Central American migrants

  • The trip aims to put into practice President Joe Biden's desire to tackle issues driving migrant arrivals to the southern border of the United States, said Julie Chung, the acting assistant secretary of state for the Western Hemisphere.
Published 02 Jun, 2021 10:39am
Vietnam reverses virus flight suspension
World

Vietnam reverses virus flight suspension

  • A similar decision was in force for the airport in commercial capital Ho Chi Minh City until June 14, as the country struggles to contain a virus outbreak in more than half of its territories.
Published 02 Jun, 2021 10:21am