Business

Three Pemex execs to be tried for fuel theft in Mexico

Wednesday, January, 16 2019    

MEXICO CITY, Mexico (AFP) — Mexico's attorney general said Monday that three top officials at s tate oil company Pemex will face trial for fuel theft, insisting a controversial government crackdown that has caused gasoline shortages is paying... Read More

Argentina ends 2018 with second highest inflation in Latin America

Wednesday, January, 16 2019    

BUENOS AIRES, Argentina (AFP) — Argentina ended 2018 with the second-highest inflation figure in Latin America, behind only crisis-wracked Venezuela, the national statistics institute said yesterday. Read More

British pound rallies on May's Brexit setback, stocks gain

Wednesday, January, 16 2019    

NEW YORK, United States (AFP) — The British pound rallied yesterday after the lower house of parliament overwhelmingly rejected Prime Minister Theresa May's Brexit plan, while global stocks climbed. Read More

Haley, Ivanka Trump among possible World Bank nominees — report

Wednesday, January, 16 2019    

WASHINGTON, United States (AFP) — Former UN Ambassador Nikki Haley and US President Donald Trump's daughter and adviser Ivanka are among possible US candidates to replace outgoing World Bank President Jim Yong Kim, The Financial Times reported... Read More

China's global trade surplus fell 16.2% in 2018 — Customs

Wednesday, January, 16 2019    

BEIJING, China (AFP) — China's global trade volume rose last year but its surplus fell again, as its imports outpaced its exports, official data released Monday showed. Read More

Canada's legal cannabis drives prices up 17%

Wednesday, January, 16 2019    

OTTAWA, Canada (AFP) — The average price of cannabis in Canada went up 17.4 percent after its legalisation, according to data released by the government statistical agency. Read More

Bolsonaro to headline Davos meet in Trump's absence

Wednesday, January, 16 2019    

GENEVA, Switzerland (AFP) — Brazil's new far-right President Jair Bolsonaro is expected to be the star attraction at this year's Davos Forum, taking place next week at a time of “profound global instability”, according to organisers. Read More

Facebook follows Google with funds to support journalism

Wednesday, January, 16 2019    

WASHINGTON, United States (AFP) — Facebook announced yesterday that it will invest US$300 million over three years to support journalism, with an emphasis on promoting hard-hit local news organisations. Read More

SUVs, trucks and sports cars take centre stage at Detroit auto show

Wednesday, January, 16 2019    

DETROIT, United States (AFP) — SUVs, trucks and sports cars took centre stage Monday as a subdued Detroit auto show kicked off with fewer carmakers and more uncertainty. Read More

Trump promises citizenship path for skilled workers

Wednesday, January, 16 2019    

WASHINGTON, United States (AFP) — President Donald Trump said Friday he would make it easier for top-skilled workers to stay in the United States and become citizens, offering uncharacteristic praise for immigrants' contributions. Read More

US company drilling for oil in Guyana

Wednesday, January, 16 2019    

GEORGETOWN, Guyana (CMC) – ExxonMobil says it has begun drilling one of the two wells, known as the Haimara-1, located 19 miles east of the Pluma-1 discovery in the south-east Stabroek Block. Read More

German growth slows to 1.5% in 2018

Wednesday, January, 16 2019    

FRANKFURT, Germany (AFP) — Growth in the German economy fell to 1.5 per cent in 2018, official data showed yesterday, representing a marked slowdown from the previous year's figure. Read More

Zimbabwe crackdown tightens over protests, three dead

Wednesday, January, 16 2019    

HARARE, Zimbabwe (AFP) — Three people have been shot dead and many injured, Zimbabwe's main Opposition party said yesterday, as security forces crack down on protests triggered by a sharp, sudden rise in fuel prices. Read More

Zimbabwe to re-introduce local currency within a year — minister

Wednesday, January, 16 2019    

HARAARE, Zimbabwe (AFP) — Zimbabwe will reintroduce a local currency “in less than 12 months”, after using the US dollar and regional currencies since a hyperinflation crisis a decade ago, the finance minister said in an interview published on... Read More

8 years on, Tunisians say revolt gave them 'freedom' but not 'dignity'

Wednesday, January, 16 2019    

DOUAR HICHER, Tunisia (AFP) — Young Tunisians say the revolution they staged eight years ago to oust their longtime dictator has failed to restore their “dignity” and ease the North African country's economic woes. Read More



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