Stories for February 2020

Wednesday, February 5th 2020 - 08:34 UTC
World Bank will revise global growth forecast because of coronavirus impact in China

The World Bank will revise its global growth forecast downwards due to the new coronavirus, the president of the multilateral lender said on Tuesday amid fears the epidemic in China will harm global supply chains.
Wednesday, February 5th 2020 - 08:31 UTC
Nigeria recovers US$ 308 million under a deal between the US and the island of Jersey

Nigeria is set to receive around US$308 million seized from former military dictator Sani Abacha under a deal backed by the United States and the island of Jersey, US prosecutors said.
Wednesday, February 5th 2020 - 08:29 UTC
Peruvian jailed ex president Fujimori hospitalized with lung problems

Peru's jailed ex-president Alberto Fujimori was hospitalized on Monday in Lima after suffering neurological and lung problems, his family doctor revealed. Fujimori, 81, is serving a 25-year jail sentence for ordering two massacres by death squads in 1991 and 1992.
Wednesday, February 5th 2020 - 07:43 UTC
Huawei pledges manufacturing hubs in Europe to counter off US pressure to drop the Chinese 5G system

Chinese telecom giant Huawei said on Tuesday it would set up manufacturing hubs in Europe, as it tries to fight off US pressure on EU nations to stop it from operating.
Wednesday, February 5th 2020 - 07:20 UTC
Portsmouth to strengthen twinning relations with the Falkland Islands

The city of Portsmouth in England will continue to seek global relationships following the UK's departure from the European Union by twinning with the Falkland Islands and Halifax in Canada, reports the Plymouth News.
Wednesday, February 5th 2020 - 07:18 UTC
Consolidation and a FPSO platform in Brazil's Campo Basin

Brazil’s PetroRio SA has acquired a floating oil and gas platform type FPSO OSX-3 for US$140 million and 80% of the Tubarão Martelo oil field where the vessel is located, the field’s previous owner Dommo Energia SA said.
Wednesday, February 5th 2020 - 07:15 UTC
Brazilian meat industry confident the situation in China will boost demand for Mercosur poultry and beef

Brazil’s meat industry association ABPA said a “perfect storm” of health and food security concerns in China promises to drive up demand for Mercosur meat, giving Brazilian meatpacker shares a boost.
Wednesday, February 5th 2020 - 07:10 UTC
Brazil posts trade deficit in January, the first in five years: exports dropped 20%

Brazil posted a trade deficit of US$1.745 billion in January, official data showed on Monday, the first shortfall for the month of January in five years and an indication that trade might continue to be a drag on overall economic growth.
Wednesday, February 5th 2020 - 07:02 UTC
Russian foreign minister in a “support visit” to Mexico, Cuba and Venezuela

Russian Foreign Minister Sergei Lavrov will visit Venezuela on Friday in a show of support for President Nicolas Maduro, a socialist who Washington wants out of power. Russia has helped Maduro weather a political crisis as the United States has targeted Caracas with sanctions and, like dozens of other countries, recognizes opposition
Wednesday, February 5th 2020 - 07:00 UTC
Premier League demands improved VAR; Football Association foreign players numbers controversy

Premier League chief executive Richard Masters admits his organization must try to improve VAR after a season marred by controversy surrounding the review technology. A recent survey from opinion polling firm YouGov showed more than two-thirds of Premier League fans questioned believe VAR has made the game less enjoyable since it was introduced into the English top-flight.