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OECD lowers global growth forecast over trade tensions

PARIS: Global trade tensions and political uncertainty are weighing on the world’s economy, the OECD warned Wednesday, cutting its global growth forecast for this year to 3.3 percent, down from the 3.5 percent it predicted in November.The Organization for Economic Co-operation and Development, which groups the world’s top developed economies, also warned of potential risks…

Air traffic control issues cost EU economy $20 billion in 2018: airline body
Business

Air traffic control issues cost EU economy $20 billion in 2018: airline body

BRUSSELS: Air traffic control (ATC) strikes and staff shortages cost the EU economy $19.88 billion (€17.6 billion) in 2018 in the worst year of delays for air passengers in nearly a decade, industry association Airlines for Europe (A4E) said on WednesdayATC industrial action, a lack of controllers or other structural issues were responsible for over…

Iran to set up its part of nuclear deal mechanism ‘this month’
World

Iran to set up its part of nuclear deal mechanism ‘this month’

SRINAGAR: Indian and Pakistani soldiers shelled military outposts and villages along their highly militarized frontier in disputed Kashmir on Wednesday, in an outbreak of new violence despite stepped-up diplomatic efforts by the rival countries to ease tensions.The two armies accused each other of initiating the artillery and mortar fire and small-arms gunfire. No casualties were…

India, Pakistan again target army posts, villages in Kashmir
World

India, Pakistan again target army posts, villages in Kashmir

DUBAI: The family of a Lebanese student, who was killed in the UK’s northern city of Manchester, said they were expecting him home for tea when they got the knock at the door from police  to tell them their son had been stabbed to death. Youssef Makki, 17, who was a student at Manchester Grammar…

Iran lawyer convicted after defending women protesters
Middle East

Iran lawyer convicted after defending women protesters

DUBAI, United Arab Emirates: A prominent human rights lawyer in Iran who defended protesters against the Islamic Republic’s mandatory headscarves for women has been convicted and faces years in prison, an activist group said Wednesday.The conviction of Nasrin Sotoudeh, who previously served three years in prison for her work, underlines the limits of challenging Iran’s…

Lavrov: Russia seeks to strengthen relations with Gulf
Middle East

Lavrov: Russia seeks to strengthen relations with Gulf

IRBIL, Iraq: Iraq and the Kurdish regional government have charged hundreds of children with terrorism for alleged affiliation with the Daesh group, often using torture to coerce confessions, Human Rights Watch said Wednesday.In a report, the New York-based group estimated that Iraqi and Kurdish authorities were holding approximately 1,500 children for alleged Daesh affiliation in…

Hundreds of Iraqi Daesh child suspects arrested: human rights group
Middle East

Hundreds of Iraqi Daesh child suspects arrested: human rights group

IRBIL, Iraq: Iraq and the Kurdish regional government have charged hundreds of children with terrorism for alleged affiliation with the Daesh group, often using torture to coerce confessions, Human Rights Watch said Wednesday.In a report, the New York-based group estimated that Iraqi and Kurdish authorities were holding approximately 1,500 children for alleged Daesh affiliation in…

Turkey, Iran to stage joint raid against Kurd rebels
Middle East

Turkey, Iran to stage joint raid against Kurd rebels

DUBAI, United Arab Emirates: A prominent human rights lawyer in Iran who defended protesters against the Islamic Republic’s mandatory headscarves for women has been convicted and faces years in prison, an activist group said Wednesday.The conviction of Nasrin Sotoudeh, who previously served three years in prison for her work, underlines the limits of challenging Iran’s…

EU unanimously vetoes plan to add Saudi Arabia to money laundering blacklist
Saudi Arabia

EU unanimously vetoes plan to add Saudi Arabia to money laundering blacklist

Saudi Arabia pledges $500 million in support for UN humanitarian plan for Yemen   JEDDAH: Saudi Arabia has pledged $500 million to finance the United Nations Humanitarian Response Plan for Yemen, it was announced on Tuesday. The announcement was made during a Saudi cabinet meeting headed by King Salman.  Following the meeting, Information Minister Turki Abdullah Al-Shabana said in…

Mexican farmers urge ‘mirror’ tariffs on Trump’s rural base
Business

Mexican farmers urge ‘mirror’ tariffs on Trump’s rural base

MEXICO CITY: Leaders of Mexico’s agricultural sector are urging “mirror measures” on US farm imports in politically sensitive products such as yellow corn and poultry, in an effort they argue would counter decades of subsidized imports from the United States.The three-month-old government of President Andres Manuel Lopez Obrador is currently working on an updated list…

Evacuations in California take place as storm approaches
World

Evacuations in California take place as storm approaches

DUBAI: The family of a Lebanese student, who was killed in the UK’s northern city of Manchester, said they were expecting him home for tea when they got the knock at the door from police  to tell them their son had been stabbed to death. Youssef Makki, 17, who was a student at Manchester Grammar…

More migrants crossing US southern border in large groups
World

More migrants crossing US southern border in large groups

DUBAI: The family of a Lebanese student, who was killed in the UK’s northern city of Manchester, said they were expecting him home for tea when they got the knock at the door from police  to tell them their son had been stabbed to death. Youssef Makki, 17, who was a student at Manchester Grammar…

South Korea proposes rain project with China to clean Seoul air
World

South Korea proposes rain project with China to clean Seoul air

DUBAI: The family of a Lebanese student, who was killed in the UK’s northern city of Manchester, said they were expecting him home for tea when they got the knock at the door from police  to tell them their son had been stabbed to death. Youssef Makki, 17, who was a student at Manchester Grammar…

Iran’s Rouhani accuses US of trying to change clerical establishment
Middle East

Iran’s Rouhani accuses US of trying to change clerical establishment

DUBAI: Iranian President Hassan Rouhani accused the United States on Wednesday of plotting to use economic pressure to overthrow the Islamic republic’s clerical establishment, and ruled out the possibility of talks with Washington. “Iran is in economic and psychological war with America and its allies. Their aim is to change the regime but their wish…

Israel carries out fresh Hamas strikes over incendiary balloons
Middle East

Israel carries out fresh Hamas strikes over incendiary balloons

DUBAI: Russia aims to strengthen relations with Gulf countries, the country’s  Foreign Minister Sergei Lavrov said in Kuwait on Wednesday. “Russia and Saudi Arabia seek to fight terrorism in Syria,” Lavrov said during a joint press conference with Kuwaiti FM Sabah Al-Khalid Al-Sabah, adding that, “Saudi Arabia sees need in creating a constitutional committee in…

Chinese online retailers slash Apple iPhone prices for second time this year
Business

Chinese online retailers slash Apple iPhone prices for second time this year

SHANGHAI: Chinese online retailers have started discounting iPhones for the second time this year as Apple wrestles with a prolonged sales slowdown in the world’s largest smartphone market.Several electronics vendors announced discounts on iPhone devices this week, following mass discounts in January just before Apple reported sinking sales in China.Gadget retailer Suning.Com Co. Ltd. said…

Moody’s downgrades Oman to junk, outlook negative
Business

Moody’s downgrades Oman to junk, outlook negative

DUBAI: Rating agency Moody’s downgraded Oman’s credit rating to junk, joining other rating agencies, and said its outlook for the rating is negative, citing fiscal challenges in an environment of moderate oil prices.Moody’s downgraded the long-term issuer and senior unsecured bond ratings of Oman to Ba1 from Baa3, it said in a statement late on…

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