International

Friday, August 17th 2018 - 08:58 UTC
Argentina struggling to tame markets and inflation; talks for a currency swap with China

Argentina’s central bank said on Thursday it hiked reserve requirements by 3 percentage points for the country’s largest banks, as it tries to keep its plan for reducing short-term debt from adding to already high inflation.
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Thursday, August 16th 2018 - 21:52 UTC
Pennsylvania releases list of 300 plus clergymen accused of sex abuse: thousands of victims in 70 years

The Pennsylvania Supreme Court has released a grand jury report detailing sex abuse in the Catholic Church, naming over 300 accused clergymen. The landmark grand jury investigation found more than 1,000 children had been abused by members of six dioceses in the state for the last 70 years.
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Thursday, August 16th 2018 - 15:58 UTC
US/Mexico joint team in Chicago to target leaders and finances of drug dealers

United States and Mexican law enforcement authorities will set up a joint team based in Chicago targeting the leaders and finances of drug cartels that ship opioids into the United States, aiming to stanch a spike in overdose deaths, officials said on Wednesday.
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Thursday, August 16th 2018 - 14:48 UTC
US condemns Turkey's doubling of tariffs on US imports: “a step in the wrong direction”

The White House on Wednesday condemned Turkey’s doubling of tariffs on U.S. cars, alcohol and tobacco imports, calling the action “a step in the wrong direction.” Turkey took the action in response to what it called the Trump's administration's attack on its economy. The United States doubled tariffs on Turkish steel and aluminum last week, which contributed to a tumble in the Turkish lira.
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Thursday, August 16th 2018 - 14:38 UTC
Corona beer owner investing US$ 4 billion in the cannabis industry

Corona beer owner Constellation Brands is set to pour some US$ 4 billion into Canada's top cannabis producer, Canopy Growth, in a deal marking the largest investment in the industry to-date. Last year, Constellation injected US$ 200m into Canopy in a deal to produce a non-alcoholic cannabis-based beverage. The alcohol firm wants to capitalize on the growing legalization of the drug.
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Thursday, August 16th 2018 - 14:23 UTC
New Zealand limits investing in housing for non residents to ease strong market for locals

New Zealand's parliament has banned many foreigners from buying existing homes in the country - a move aimed at making properties more affordable. The ban only applies to non-residents. Australians and Singaporeans are exempt because of free-trade deals.
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Thursday, August 16th 2018 - 10:40 UTC
UK inflation in July climbed to 2.5%: a blip or a trend?

UK inflation climbed in July as had been expected, according to the latest data from the Office of National Statistics, ONS, released on Wednesday. ONS reported that the rate of consumer price inflation, the most-watched measure, increased from 2.4% in June to 2.5% in July, reversing a trend of gradually declining inflation over the course of 2018.
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Thursday, August 16th 2018 - 09:13 UTC
Qatar to the rescue of Turkey with US$ 15bn in direct investments

Qatar has come to the rescue of Turkey and its ruler Amir Sheikh Tamim bin Hamad al-Thani issued directives to support the Turkish economy with a host of economic projects, investments and deposits worth a total of US$ 15 billion. This follows a meeting of the Amir with the Turkish president Recep Tayyip Erdogan on Wednesday in Ankara.
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Wednesday, August 15th 2018 - 06:56 UTC
London Police in seconds neutralize a lone driver attack on Parliament: three injured

London's mayor is urging residents and tourists to remain calm and vigilant following the latest terror attack in the city. The driver of a car injured three people before crashing into barricades near Parliament. A security camera captured the moment the silver Ford came speeding down the road. It hit a group of cyclists, jumped the sidewalk and then smashed into the heavy metal security barrier.
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Wednesday, August 15th 2018 - 05:50 UTC
Genoa killer bridge dates back to the fifties; alarm call for much of Italian creaky infrastructure

It came seemingly without warning, and has left a shocked and devastated nation demanding answers. Now officials are scrambling to find out how Genoa’s Morandi Bridge collapsed overnight killing at least 30 people as it sent dozens of vehicles tumbling into a heap of concrete and twisted steel.
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