Category: World
Socio-economic development key for NAM countries: Samarasinghe
Sep 19, 2016 (LBO) – Socio-economic development should be at the top on the agenda for Non-Aligned Movement (NAM) countries, Mahinda Samarasinghe, minister and special envoy of President Maithripala Sirisena, said at the 17th NAM Summit. Education and greater access for women are also important issues that need to taken up, he said. “Socio-economic development […]
‘s Lagarde urges action to deliver on G20’s Hangzhou commitments
Sept 06, 2016 (LBO) – Christine Lagarde, Managing Director of the International Monetary Fund (IMF), called on the leadership of the Group of 20 (G20) to implement plans for economic growth through monetary, fiscal and structural adjustments, and for the wider sharing of this growth, after Summit in Hangzhou, China. “I would like to warmly […]
UK, Australia and Taiwan issue travel advisories for Singapore on Zika cases
Aug 30, 2016 (LBO) – Countries including the U.K., Australia and Taiwan have issued travel advisories for tourists to Singapore after the nation announced a further increase in Zika cases. Singapore’s Ministry of Health confirmed 15 more cases of locally-transmitted Zika virus on Monday, bringing the total number of affected to 56, CNBC reported. The […]
Australia probes bribery scandals in Sri Lanka, Congo
Aug 25, 2016 (LBO) – Two Australian companies are caught up in bribery scandals that involve the offices of the presidents of Sri Lanka and the Republic of Congo, the Sydney Morning Herald has reported, an allegation Sri Lanka’s president has denied. A Fairfax Media investigation has uncovered evidence involving the Snowy Mountains Engineering Company […]
Melbourne remains most liveable out of 140 cities: The Economist
Aug 18, 2016 (LBO) – Melbourne in Australia for the sixth straight year remains the most liveable of the 140 cities surveyed, followed by Vienna, Vancouver and Toronto, the 2016 Liveability Ranking showed. The ranking compiled by the Intelligence Unit of ‘The Economist’ said although the top five cities remain unchanged, the past year has […]
U.S. investors prefer real estate and cash to stocks: survey
July 22, 2016 – Retail investors are showing signs they have lost faith in U.S. stocks, and that real estate and cash are the most popular investments, a Bankrate survey shows. Out of 1,000 adults asked what they would do with their money if they didn’t need it for 10 years, a quarter said they […]
Bank of England expects to ease policy rates in August
July 18, 2016 (LBO) – The Bank of England has kept its policy rates unchanged while expecting to ease its monetary policy stance next month after receiving official data on Brexit. At its meeting ending last week, the Monetary Policy Committee has voted by a majority of 8-1 to maintain bank rate at 0.5 percent, […]
Turkey cracks down after failed coup, 6,000 arrested
July 18, 2016 (LBO) – Turkey cracked down on suspected supporters of a failed military coup on Sunday, taking the number of people rounded up in the armed forces and judiciary to 6,000. President Tayyip Erdogan and the government accused former ally Muslim cleric Fethullah Gulen who is based in the U.S., of orchestrating the […]
Truck plows into crowd in France killing at least 77
July 15, 2016 (LBO) – A truck plowed into pedestrians during Bastille Day celebrations in the popular French seaside city of Nice on Thursday, leaving at least 77 people dead in what the nation’s president called “obviously a terrorist attack.” The deadly toll, which included several children, came after the truck slammed into revelers gathered […]
South Korea, Canada holds rates; Malaysia cuts rates 25bps
July 14, 2016 (LBO) – South Korea and Canada have left base rates steady while Malaysia cut its benchmark overnight policy rate by 25 basis points to 3 percent to support steady growth amid stable inflation. It is the first change in rates by Malaysia’s Central Bank since it raised its rate in July 2014 […]
‘s claims to South China Sea to be tested in ruling
July 11, 2016 (LBO) – An international tribunal will rule on China’s territorial claims in the disputed South China Sea on Tuesday, in an arbitration initiated by Philippines. China has not participated in the arbitration and will likely reject the ruling closely watched for its ramifications for South East Asia. “An award from the tribunal […]
Britain to slash corporate tax to lowest in a major economy
July 04, 2016 (LBO) – The British Chancellor George Osborne wants to slash corporation tax to less than 15 per cent, making it the lowest rate in any major economy, amid steps to buoy the economy after the brexit vote. He said Britain should “get on with it” to prove to investors that the country […]