IMF upgrades Japan's growth forecast to 0.7% for 2020

Business / Economy Jan 21, 2020

IMF upgrades Japan's growth forecast to 0.7% for 2020

The International Monetary Fund is forecasting that Japan's economy will grow 0.7 percent this year, up 0.2 percentage point from its earlier estimate due to stimulus measures to mitigate the impact of the Oct. 1 consumption tax hike. The Washington-based institution also said global growth ...

Climate change is killing alpine skiing

World Jan 21, 2020

Climate change is killing alpine skiing

by Catherine Bosley and Boris Groendahl

At the northern edge of the Alps, ski runs near the foot of Germany's highest mountain snake down the greenish-brown slopes in narrow white ribbons of artificial snow. Like other resorts at relatively low altitude, global warming has left its mark on Garmisch-Partenkirchen — the ...

Venezuela opposition leader Juan Guaido to attend Davos forum

Business Jan 21, 2020

Venezuela opposition leader Juan Guaido to attend Davos forum

Venezuela's opposition leader, Juan Guaido — who declared himself acting president last year — will attend this week's World Economic Forum in Davos, lawmaker Stalin Gonzalez told AFP on Monday. Guaido is currently in Colombia, where he is due to meet with U.S. Secretary of ...

Business Dec 31, 2019

Nestle wraps up share buyback and cooks up another

Swiss food giant Nestle wrapped up Monday a huge share buyback program launched in 2017, and confirmed another is imminent as it pursues a shake-up of its vast brand portfolio. A Nestle statement said the group had completed a share buyback program worth €20 billion ...

Switzerland avalanche hits marked ski trail; pair injured

World Dec 27, 2019

Switzerland avalanche hits marked ski trail; pair injured

An avalanche swept across a marked ski trail near the Swiss town of Andermatt on Thursday, injuring two people. Four others either were rescued or extricated themselves from the snow unhurt. Police and rescuers searched the snowslide after witnesses said more people might be buried, ...

334 rounded up in Italian 'ndrangheta mob sweep

World / Crime & Legal Dec 20, 2019

334 rounded up in Italian 'ndrangheta mob sweep

Police have arrested 334 people in one of the largest anti-mob operations ever seen in Italy, highlighting the growing reach of the 'ndrangheta mafia, prosecutors said on Thursday. The 'ndrangheta is based in the southern region of Calabria, the toe of Italy's boot, and has ...