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Italy hosts Libya conference to push new U.N. peace plan

Italy will host a Libya conference that starts on Monday and aims to push forward a new U.N. plan to stabilise the troubled North African country after an initiative to hold elections next month failed. Last week, U.N. Envoy, Ghassan Salame, officially abandoned a Western plan to hold national elections on Dec. 10 as way out of conflict that has ... Read More »

Brazil approves tax holiday for General Motors, others

Brazil’s President, Michel Temer, has signed into law hundreds of millions of dollars in incentives for automakers such as General Motors Company and Volkswagen to produce locally and continue developing engines that run on both gasoline and ethanol. The plan, known as Rota 2030, replaces a previous package of tax exemptions known as Innova Auto that had expired at the end of 2017. It will also ... Read More »

Seaport gets new terminal

  After years of planning and preparation, construction of an entirely new terminal in the outer area of the Port of Gothenburg has started. The 220,000 square metre terminal, scheduled for completion around 2025, will be constructed using 350,000 cubic metres of dredge spoils from the river, the Göta Älv. The first phase of the project started with piling earlier this ... Read More »

India facing “economic crisis” due to huge oil imports-Minister

India is facing an “economic crisis” due to its huge oil imports, media reported Transport Minister Nitin Gadkari as saying on Thursday. He said it ahead of a meeting of key ministers to discuss the falling rupee and the nation’s widening trade deficit. India, the world’s third biggest oil importer, depends on overseas markets to meet 80 per cent of ... Read More »

Court confirms jail sentence for ex-IMF chief

Spain’s Supreme Court on Wednesday confirmed former IMF chief Rodrigo Rato’s jail sentence of four years and six months for misusing funds, which is expected to see him enter prison soon. In February 2017, Rato was found guilty by another court of paying for personal expenses with credit cards put at his disposal when he was the boss of Caja ... Read More »

Bodies found in Indonesian church buried by landslide

The bodies of 34 Indonesian students have been found under a church, which was buried by a mudslide after the quake in Palu, aid workers have said. At least 844 people are confirmed to have died in the disaster, but the number is expected to rise as remote areas are reached. The aid and rescue operation is being slowed by ... Read More »

Oil deals: Congo president, others in bribery scandal

A former employee of the Geneva-based commodities and energy trading firm, Gunvor, said he paid bribes to the president of the Republic of Congo via a presidential aide and Belgian firm Semlex to win Congolese oil contracts, according to a Swiss prosecution document. The employee said he also paid other bribes on behalf of Gunvor to a state oil official ... Read More »

Paris ‘Spiderman’ gets French citizenship, father of saved child gets suspended sentence

A court in France has sentenced the father of the baby rescued by a Malian immigrant, Mamoudou Gassama, to three months suspended sentence. The father was convicted for neglecting his parental responsibilities, and ordered to take a course in being a better parent. According to the BBC, the father’s lawyer, Romain Ruiz, told Le Figaro that his client was very ... Read More »

‘Russian plane downing in Syria will harm relations with Israel’

The Kremlin on Monday said the downing of a Russian plane in Syria last week following Israeli strikes will harm relations between the two countries and accused Israeli pilots of acting deliberately. “According to information of our military experts, the reason (behind the downing) were premeditated actions by Israeli pilots, which certainly cannot but harm our relations,” Kremlin spokesman Dmitry ... Read More »