Business & Commerce
G20 nations have agreed to work together to make the super-rich pay their taxes, but stopped short of a more substantial deal, according to a declaration adopted Friday after a meeting of finance ministers in Rio de Janeiro.The thorny topic of tackling tax-dodging billionaires dominated the two-day ...
German luxury carmaker Mercedes-Benz on Friday reported a sharp drop in second-quarter net profit on weaker sales of electric vehicles and cooling demand in key market China.Net profit fell by 15.9 per cent compared to the same period last year, to just over 3.0 billion euros ($3.3 billion), the Stu...
World,Back Page
Through a basement door in southeastern Turkey lies a sprawling underground city — perhaps the country’s largest — which one historian believes dates back to the ninth century before Jesus Christ.Archaeologists stumbled upon the city-under-a-city “almost by chance” afte...
Asian traders struggled to fight back Friday after a tech-fuelled sell-off, taking heart from forecast-beating US growth data that reassured that the economy was still in rude health, but did not dent hopes for an interest rate cut. The positive performance came despite more losses on Wall Street, w...
Sports,Front Page
France's high-speed rail network was hit by "malicious acts" including arson attacks that have disrupted the transport system, train operator SNCF said Friday, hours before the opening ceremony of the Paris Olympics.A source close to the investigation told AFP the attacks were coordina...
World
3The death toll from landslides in a remote region of southern Ethiopia has risen to 257, the United Nations said Thursday and the number could soar up to 500.Rescuers pressed on with the grim search for bodies and survivors in Kencho Shacha Gozdi, with crowds of distraught people digging through mu...
The United Arab Emirates called Thursday for a "temporary international mission" for post-war Gaza to restore order and address the humanitarian crisis in the devastated territory.It came after Arab heads of state called at a summit in May for the deployment of UN peacekeepers across the o...
The Philippine Coast Guard on Friday raced to offload 1.4 million litres of industrial fuel oil from a sunken tanker and prevent an "environmental catastrophe" in Manila Bay.One crew member died when the MT Terra Nova sank in rough seas nearly seven kilometres (4.3 miles) off Limay municip...
Indian soldiers and top brass gathered Friday in the remote Himalayan foothills to commemorate a battle fondly remembered among compatriots for imposing a humiliating military defeat on arch-rival Pakistan.The 1999 Kargil conflict was the last major battle between two nuclear-armed foes who have fou...
South Africa authorities rounded up 95 Libyans in a raid Friday at a farm that appeared to have been converted into a military training base, police said.The early morning raid was near the town of White River in the northeastern province of Mpumalanga, about 360 kilometres (220 miles) east of Johan...
Authorities evacuated nearly 300,000 people and suspended public transport across eastern China on Friday, as Typhoon Gaemi brought torrential rains already responsible for five deaths in nearby Taiwan.Gaemi was the strongest typhoon to hit Taiwan in eight years when it made landfall on Thursday, fl...
Sports
Simone Biles headlines a US women's squad on a "redemption" mission at the Paris Olympics, where the gymnastics great is favored to add to her stash of four gold medals after a turbulent Tokyo campaign.Amid Biles's highly publicized troubles with the "twisties" and her wi...
Donald Trump launched a volley of attacks against US Vice President Kamala Harris Wednesday, calling her a "radical left lunatic" in his first rally since she became the de facto Democratic Party nominee for November's election.In a speech where he also claimed that Harris was in favor...
Typhoon Gaemi is now approaching the Chinese mainland after pounding Taiwan, where it flooded streets, knocked out power and killed at least three people.The typhoon had already killed 22 people in the Philippines on its way past that country, adding to flooding and landslides from already high...
Flash floods and landslides triggered by heavy rain have killed seven people in northern Vietnam and swept away homes, disaster officials and state media said Thursday.Five people died in Son La and two others were killed in Dien Bien following the downpours.Rescue workers are also searching for 10 ...
Russian and Chinese bomber jets carried out a joint patrol over far eastern Russia and the Bering Sea near Alaska, Russia's defence ministry said Thursday.It said "Russian space forces' Tu-95MS strategic missile carriers and the Chinese air force's Xian H-6 strategic bombers carried...
A Philippine-flagged tanker carrying 1.4 million litres of industrial fuel oil capsized and sank off Manila on Thursday, authorities said, as they sought to contain a spill stretching several kilometres.The MT Terra Nova had been heading for the central city of Iloilo when it sank in Manila Bay, nea...
The world's richest one percent increased their fortunes by a total of $42 trillion over the past decade, Oxfam said Thursday, ahead of a G20 summit in Brazil where taxing the super-rich tops the agenda.Despite this windfall, taxes on the rich had plummeted to "historic lows", the NGO ...
China's central bank on Thursday unexpectedly cut a medium-term interest rate by the most in more than four years, marking the latest move by authorities to boost economic growth.The world's second-largest economy has encountered severe headwinds in recent years, as a heavily indebted proper...
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