International

Thursday, July 16th 2020 - 09:09 UTC
Chinese economy grows 3,2% in second quarter year-on-year; follows on steep slump of 6,8% in first quarter

China's economy grew 3.2% in the second quarter from a year earlier, data showed on Thursday, recovering from a record contraction as lockdown measures ended and policymakers stepped up stimulus to combat the shock from the coronavirus crisis.
Thursday, July 16th 2020 - 09:00 UTC
UK anticipates sweeping tax cuts and planning ten new “free-ports”, after final divorce with EU

British finance minister Rishi Sunak is preparing to introduce sweeping tax cuts and an overhaul of planning laws in up to 10 new “free-ports” within a year of the UK's becoming fully independent from the European Union in December, the Sunday Telegraph said.
Thursday, July 16th 2020 - 08:03 UTC
Danish ice cream maker removes the brand “Eskimo” from one of its products

A Danish ice cream maker said on Wednesday it would remove the name “Eskimo” from one of its products in case it offended Inuit and other Arctic people. Hansens Is said it had opposed changing the name of its Eskimo ice lolly but after careful consideration had decided to choose a more suitable name.
Thursday, July 16th 2020 - 07:40 UTC
Report on per capita carbon “food prints” criticizes beef and dairy consumption

If everyone alive ate steaks and dairy the way Brazilians and Americans do, we would need an extra five planets to feed the world, according to the first report to compare the carbon emissions from food consumption in Group of Twenty (G20) nations, released on Thursday.
Thursday, July 16th 2020 - 06:43 UTC
Major hack and “take and run” scam with Twitter high-profile accounts

The official Twitter accounts of Apple, Elon Musk, Jeff Bezos and others were hijacked on Wednesday by scammers trying to dupe people into sending crypto-currency bitcoin, in a massive hack of the social media platform. The list of accounts commandeered simultaneously grew rapidly to include Joe Biden, Barack Obama, Uber, Microsoft co-founder Bill Gates, reality television show star Kim Kardashian and rapper Kanye West, among many others.
Thursday, July 16th 2020 - 06:32 UTC
London to announce the return of EU reclaimed regulatory powers to Scotland, Wales and Northern Ireland

Britain will publish plans this Thursday to keep trade flowing freely between its constituent nations when regulatory powers are reclaimed from the European Union at the end of the year and redistributed to devolved governments in Scotland, Wales and Northern Ireland.
Thursday, July 16th 2020 - 06:29 UTC
China warns UK for banning Huawei from the 5G network, calls Britain 'a vassal of United States'

China warned British Prime Minister Boris Johnson on Wednesday that his decision to ban Huawei from the 5G network would cost Britain dearly in investment, casting the move as the result of politicized pressure from U.S. President Donald Trump.
Thursday, July 16th 2020 - 06:23 UTC
Apple scores major win: European court rejects order for iPhone maker to pay 13bn Euros in Irish back taxes

Apple scored a major win on Wednesday as Europe's second-highest court rejected an EU order for the iPhone maker to pay 13 billion euros (US$15 billion) in Irish back taxes, dealing a blow to the bloc's attempts to crack down on sweetheart tax deals.
Thursday, July 16th 2020 - 06:19 UTC
The eight candidates for the WTO chair begin round of presentations

The eight candidates battling to become the next head of the beleaguered World Trade Organization make their pitches this week, with three days of auditions. The contenders will make 15-minute presentations to the 164 member states' representatives at the WTO headquarters in Geneva, before facing a 75-minute grilling over their plans for the global trade body.
Wednesday, July 15th 2020 - 08:55 UTC
Exxon resumes drilling in Guyana; local politics battle over the future oil revenue

Exxon Mobil resumed drilling in Guyana last month, underscoring its dedication to the offshore hotspot despite the oil price crash and a messy turn in local politics.