IMF downgrades world growth, warns of 'precarious' 2020

Business / Economy Jul 24, 2019

IMF downgrades world growth, warns of 'precarious' 2020

Global trade tensions, continued uncertainty and rising prospects for a no-deal Brexit are sapping the strength of the world economy, which faces a "precarious" 2020, the International Monetary Fund warned on Tuesday. Trade conflicts are undercutting investment and weakening manufacturing, and the IMF urged countries ...

SOS Mediterranee relaunches migrant rescue missions off Libya

World / Social Issues Jul 22, 2019

SOS Mediterranee relaunches migrant rescue missions off Libya

Humanitarian group SOS Mediterranee said Sunday it has relaunched rescue efforts off Libya seven months after it abandoned operations using its ship Aquarius and despite a refusal by European ports to accept the migrants. The Norwegian-flagged Ocean Viking will "conduct search and rescue activities in ...

U.S. objections to French tech tax overshadow G-7 finance meet

Business Jul 18, 2019

U.S. objections to French tech tax overshadow G-7 finance meet

The Trump administration is objecting to France's plan to tax Facebook, Google and other U.S. tech giants, a rift that's overshadowing talks between seven longtime allies this week on issues ranging from digital currencies to trade. As finance ministers from the Group of Seven rich ...

Turkey will drill for gas until Greek Cypriots accept plan: minister

Business Jul 15, 2019

Turkey will drill for gas until Greek Cypriots accept plan: minister

Turkey will continue drilling for gas in waters off Cyprus if the internationally recognized Greek Cypriot government does not accept a cooperation proposal put forward by Turkish Cypriots, Ankara's foreign minister said on Sunday. Mevlut Cavusoglu said a proposal by Turkish Cypriot leader Mustafa Akinci ...