Stories for May 24th 2017

Wednesday, May 24th 2017 - 14:47 UTC
Trump selling his beachfront estate in St Martin Island, US$ 28 million

United States President Donald Trump is selling off his multi-million-dollar 11-bedroom beachfront estate in the French Caribbean island of St Martin. Le Château des Palmiers, located on Plum Bay Beach, Terres Bassesis on the south-western tip of the island, has been listed by Sotheby's International Realty, which does not reveal any asking price on its website. It says the price is available upon request.
Wednesday, May 24th 2017 - 09:50 UTC
Manchester terrorist with ISIS “proven links” in Libya and Syria; UK threat level at its highest; 3.800 troops on patrol

The man British police say blew himself up as a packed concert was letting out in Manchester, England Monday night is believed to have traveled to Syria and had “proven” links with ISIS. France's interior minister Gerard Collomb said Wednesday that British and French intelligence have information that Salman Abedi, 22, had been to Syria, although it is unclear if he was part of a larger network of attackers.
Wednesday, May 24th 2017 - 09:22 UTC
Gibraltar will switch the EU flag for Commonwealth flag after Brexit

Gibraltar will switch the EU flag for the Commonwealth flag as it seeks to forge “strong and enduring” trade relationships around the world after Brexit, Chief Minister Fabian Picardo said. The Chief Minister was speaking at the opening of a conference focusing on Brexit and the importance of the Commonwealth to the UK and Gibraltar’s futures.
Wednesday, May 24th 2017 - 09:15 UTC
Dr Tedros Adhanom Ghebreyesus elected next WHO Director General

Members States of the World Health Organization (WHO) on Tuesday elected Dr Tedros Adhanom Ghebreyesus as the new Director-General of WHO. Dr Tedros Adhanom Ghebreyesus was nominated by the Government of Ethiopia, and will begin his five-year term on 1 July 2017.
Wednesday, May 24th 2017 - 09:06 UTC
Argentina economy grows 0.8% in March from a year earlier

Argentina's economy grew 0.8% in March from a year earlier, the Indec statistics agency said on Tuesday. The economy also grew 1.9% in March versus February, Indec said.On Tuesday the Argentines central bank also kept its benchmark interest rate at 26.25% and said it believes the country's inflation rate is easing in May.
Wednesday, May 24th 2017 - 08:36 UTC
World's second largest economy has its credit rating downgraded by Moody's

China has received a downgrade on its credit score, on worries about the future state of the economy. Moody's Investors Services brought down China's long-term local currency and foreign currency issuer ratings by one notch to Aa3 from A1, a move that could lead to a rise in the cost of borrowing for the Chinese government and state-owned enterprises. The ratings agency also changed its outlook for China to stable from negative.
Wednesday, May 24th 2017 - 07:22 UTC
US households debt at new record high and manageable, but students loans remain “stubbornly high”

The United States debt level reached a record high this year, surpassing the peak touched just as the worst of the recession was taking hold in 2008, and marking a milestone for households that now lean less on mortgages and more on auto and student loans
Wednesday, May 24th 2017 - 07:10 UTC
Record number of investments from overseas in Scotland during 2016

Scotland won a record number of investments from overseas in 2016, although growth was substantially lower than the previous year. There were 122 foreign direct investment deals done over the course of last year, up from 119 in 2015.
Wednesday, May 24th 2017 - 06:27 UTC
Temer running out of special aides to corruption arrests; one even returned a bag with hush money

A special aide to embattled Brazilian President Michel Temer was arrested on Tuesday in connection with a fraud scheme and another aide gave police a bag filled with cash that was allegedly part of a bribe approved by the leader.