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June 23, 2017 8:26 PM Brazil to try to reverse US ban on Brazil meat

SAO PAULO — Brazil's agriculture minister says he will travel to the United States to try to reverse the American ban of beef imports from Latin America's biggest country. Blairo Maggi's comments were posted late Thursday on social networks, hours after US Agriculture Secretary Sonny Perdue announced in a statement the immediate suspension of all Brazilian 5

June 23, 2017 5:45 AM Saudi Arabia's spat with Qatar just a distraction to protect the ruling family, political analyst says

Saudi Arabia's blockade of neighboring Qatar is a distraction as the Arab world's biggest economy shores up its monarchy and attempts to shift away from reliance on oil exports, according to one analyst. The country's royal family adjusted its order of secession earlier this week, paving the way for Defense Minister Mohammed bin Salman to lead the House 3

June 22, 2017 4:50 AM Saudi Arabia's next king is a young, ambitious risk taker

DUBAI, United Arab Emirates — He is known as MBS and his rise through Saudi Arabia's corridors of power has been shockingly swift. At age 31, Mohammed bin Salman already controlled the kingdom's defense policy and was overseeing a massive internal economic overhaul with the backing of his father, King Salman. His sudden appointment Wednesday to the position 7

June 21, 2017 3:36 PM Duterte administration banks on reforms in tax system to cut poverty in PHL

When President Duterte assumed office in July last year, his economic team bared 10 specific programs aimed at achieving inclusive growth and lifting millions of Filipinos out of poverty. The President’s men dubbed this as the 10-point socioeconomic development agenda. To achieve its goals, the government would need to pour huge resources into public 8

June 19, 2017 11:02 PM Britain's economic growth 'shifts down a gear' as Brexit talks begin

LONDON — The UK economy is set for a persistently slow pace of growth over the next two years as it negotiates Brexit, according to the latest economic forecast from the Confederation for British Industry (CBI). The business group, which represents over 190,000 UK businesses, has marginally revised up its growth forecast to 1.6% for 2017 and 1.4% in 2018 compared 3

June 18, 2017 5:03 PM Netherlands tops Davao’s export destination in 1st quarter

THE Netherlands was Davao Region's top export destination in the first quarter of 2017 with a value of $73.37 million. Data from Philippine Statistics Authority (PSA) in Davao showed that the region's number one export commodity to the Netherlands in the first quarter of this year were from the coconut (copra) crude oil at $69.10 million, which was an increase 5

June 12, 2017 11:56 PM Qatar ‘extremely comfortable’ despite sanctions as markets stabilize

DOHA/DUBAI — Qatar’s financial markets stabilized on Monday after a week of losses as the government showed it could keep the economy running in the face of sanctions by its neighbors. The finance minister of the world’s richest country per capita played down the economic toll of the confrontation, and said the government was “extremely comfortable 12

June 12, 2017 12:48 PM Natural gas built Qatar, now may protect it in Gulf dispute

DUBAI, United Arab Emirates — Natural gas built the high-rises of Qatar’s capital, put the Al-Jazeera satellite news network on the air and a fleet of passengers jets for its state carrier in the sky. Now, it may be what protects Qatar as it is in the center of the worst diplomatic crisis to strike the Gulf in decades. As the world’s biggest exporter 19

June 3, 2017 8:40 AM Putin won't criticize Trump over decision

WASHINGTON -- While other world leaders strongly condemned United States (US) President Donald Trump's decision to abandon the Paris climate accord, Russian President Vladimir Putin said on Friday, June 2, he won't judge. "Don't worry, be happy!" Putin quipped after being asked for his reaction at an economic forum in St. Petersburg, Russia. He said the climate 5

June 2, 2017 2:11 AM Sky Views: Desperate Putin can't fix Russia's flagging economy

For those with a craving for a weekend break - and the iron-clad stomach required to apply for a Russian visa, St Petersburg is lovely spot to visit at this time of year. The Baltic sky is clear, the canals are sparkling and the pale northern sun barely sets. That said, this particular week is probably not the one to pick because it coincides with the Russian 9