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World - 2020-05-22
Lebanon PM pledges to stem devaluation, reduce food prices

Lebanon PM pledges to stem devaluation, reduce food prices

Lebanon's Prime Minister Hassan Diab pledged Thursday to stem devaluation and introduce subsidies on food imports, as his cabinet marked 100 days since it was formed to salvage a free-falling economy.
Published 22 May, 2020 12:03am
Eurozone economy has 'likely bottomed out'
Global Business Economy

Eurozone economy has 'likely bottomed out'

The eurozone's economic slump has "likely bottomed out" after the bloc suffered a disastrous collapse under lockdowns to contain coronavirus, a closely watched survey by IHS Markit said Thursday.
Published 22 May, 2020 12:03am
US jobless claims grind lower but backlogs, layoffs linger
Global Business Economy

US jobless claims grind lower but backlogs, layoffs linger

Millions more Americans filed for unemployment benefits last week as backlogs in processing claims continue to be cleared and disruptions from the novel coronavirus unleash a second wave of layoffs, pointing to another month of staggering job losses in Ma
Published 22 May, 2020 12:03am
Three women crushed to death in Sri Lanka stampede for $8 handout

Three women crushed to death in Sri Lanka stampede for $8 handout

Three women were trampled to death during a stampede for an $8 cash handout in Colombo Thursday, amid growing desperation among Sri Lankans struggling to make ends meet during a coronavirus lockdown that has smashed the economy.
Published 22 May, 2020 12:03am
Philippines tops world for online child sex abuse

Philippines tops world for online child sex abuse

The Philippines has become the world's largest known source of online child sexual exploitation, with endemic poverty helping drive a surge in abuse, a report said Thursday.
Published 22 May, 2020 12:03am
Japan newborn gets liver stem cells in world first

Japan newborn gets liver stem cells in world first

Doctors in Japan have successfully transplanted liver cells derived from embryonic stem cells into a newborn baby, in a world first that could provide new treatment options for infants.
Published 22 May, 2020 12:03am
Palestinian official says CIA information-sharing halted

Palestinian official says CIA information-sharing halted

The Palestinian security services will stop sharing information with the US Central Intelligence Agency (CIA), in protest at Israeli plans to annex parts of the occupied West Bank, a senior official said Thursday.
Published 22 May, 2020 12:03am
US approves sale of 18 torpedoes to Taiwan

US approves sale of 18 torpedoes to Taiwan

The United States approved the sale of 18 heavyweight torpedoes to Taiwan for $180 million, the State Department said Wednesday, in a move that could further strain Washington's already tense relationship with Beijing.
Published 22 May, 2020 12:03am
US pulls out of Open Skies treaty

US pulls out of Open Skies treaty

The United States announced its intention on Thursday to withdraw from the 35-nation Open Skies treaty allowing unarmed surveillance flights over member countries, the Trump administration's latest move to pull the country out of a major global treaty.
Published 22 May, 2020 12:03am