Saturday 1 October 2016

MTN denies illegal transfer of $14bn from Nigeria

South African telecoms giant MTN on Wednesday denied an allegation that it had illegally repatriated $13.92 billion from Nigeria, saying the claim was without merit. Lawmakers in the upper house of Nigeria's parliament agreed on Tuesday to investigate the allegation that MTN,


Clinton seeks to keep Trump on defensive

Democrat Hillary Clinton sought on Tuesday to keep Republican rival Donald Trump on the defensive a day after the first U.S. presidential debate with accusations he is a sexist, racist and tax dodger, while Trump suggested he would "hit her harder" next time by bringing up her husband


Modi not to attend Saarc summit in Pakistan

Indian Prime Minister Narendra Modi will not attend a regional summit of South Asian leaders in Pakistan in November because of increasing cross-border attacks in the region, the foreign ministry said on Tuesday. India blames Pakistan for a deadly assault on an army base in the d


Egypt migrant shipwreck death toll rises to 202

Thirty-three bodies were recovered on Tuesday as a wreck of boat that sank off Egypt last week with hundreds of migrants aboard was lifted from the depths, raising the confirmed death toll to 202, a local official said. The boat capsized off the Mediterranean coast on September 21. Res


Oil prices slip as hopes for a deal in Algiers fade

Crude futures fell further on Tuesday as optimism faded for an output-limiting deal during an oil producer meeting in Algeria that so far has failed to yield any agreement to curb one of the worst supply gluts in history. Saudi Arabia on Tuesday dashed hopes that Opec oil produce


WTO cuts 2016 world trade growth forecast to 1.7pc

The World trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the United States. The new figure of 1.7 percent, down from the WTO's previous estimate of 2.8 pe


Clinton, Trump clash over race and economy in debate

Democrat Hillary Clinton accused Republican Donald Trump on Monday of having a long history of racist behavior during a heated presidential debate that could reshape the 2016 campaign for the White House. Clinton and Trump interrupted each other throughout the debate on topics ra


Paris planning nudist park

Paris authorities plan to open a park for nudists in the French capital some time in the not too distant future. "We need to find the right place and we don't want to upset anyone or ruffle feathers," Deputy Paris Mayor Bruno Julliard said. "It'll probably


Majority of UK CEOs 'mull moving ops abroad post-Brexit'

Three-quarters of British company bosses are considering moving operations abroad following the vote to leave the European Union, according to a survey published on Monday. The KPMG survey of 100 UK chief executives, from companies with revenues between £100 million and &po


Jordan King asks PM to form new government

Jordan's Prime Minister Hani Mulki submitted his resignation to King Abdullah in a customary step after Tuesday's parliamentary elections and has been asked to form a new government, an official source said on Sunday. Mulki, who was appointed last May and charged with con

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