Friday, 23 Oct 2020

Beirut: At least 10 dead after huge explosion in Lebanese capital

At least 10 people have been killed in a huge explosion in the Lebanese capital Beirut, officials have said. The country’s health minister Hamad Hasan also told local news station LBC that there are a “high number of injuries” and the blast had caused extensive damage. Footage posted on social media revealed the moment a […]

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Volatility creates opportunity in Asian equities

Covid-19 has redrawn the outlook for global markets in 2020 and beyond. But for veteran Asian equities portfolio manager Elizabeth Soon, the crisis today isn’t fundamentally different from other crises she has experienced in the past: volatility creates new opportunity. Ms Soon, head of Asia ex Japan equities at PineBridge Investments and portfolio manager of […]

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Germany deploys 250 soldiers for Libyan arms embargo mission

The Hamburg frigate departs from Germany’s Wilhelmshaven on a five-month mission to enforce a UN arms embargo. A German frigate carrying 250 soldiers has departed at the start of a five-month mission as part of the European Union efforts to enforce a United Nations embargo on the flow of weapons into war-torn Libya. The Hamburg […]

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Belarus ruler says Russia lying over ‘mercenaries’

Belarus President Alexander Lukashenko has accused Russia of lying about a “mercenary” group arrested in Belarus last week and says another such group has infiltrated his country. “Today we heard of another unit sent into the south,” he said in an address to the nation. “We’ll catch them all.” Russia has denied that the 33 […]

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Venezuela produce market is at center of Caracas COVID-19 outbreak

CARACAS (Reuters) – Venezuela capital Caracas’ largest produce market is at the center of a worsening COVID-19 outbreak, but cash-strapped merchants refuse to stop hawking food there for the city’s 5 million residents, many of whom are starving. Three days a week – down from six before the pandemic – some 10,000 people, including retailers […]

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Chad slows down internet to curb 'hate speech' on social media

Government says measure introduced to curb ‘dissemination of messages inciting hate and division’ in the country. The African nation of Chad says it has cut back the speed of the internet to check the spread of messages “inciting hate” on social media. Government spokesman Mahamat Zene Cherif said late on Monday a “temporary measure” to […]

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Weak dollar no boon for emerging markets this time

LONDON/NEW YORK (Reuters) – Typically a boon for emerging markets, this year’s plunge in the U.S. dollar may fail to boost the developing world’s prospects as the raging pandemic hits economic activity, increases poverty and exposes weak policymaking. The greenback =USD plummeted by its most in a decade in July and U.S. Treasury yields fell […]

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