Tag Archives: business

Era ends as Raul Castro steps down as Communist Party chief

HAVANA — Raul Castro said he is stepping down as Cuban Communist Party leader, leaving the island without a Castro guiding affairs for the first time in more than six decades and handing control of the party to a younger generation. The 89-year-old Castro made the announcement in a speech Friday at the opening of […]

Shortage of intubation drugs threatens Brazil health sector

RIO DE JANEIRO — Reports are emerging of Brazilian health workers forced to intubate patients without the aid of sedatives, after weeks of warnings that hospitals and state governments risked running out of critical medicines. One doctor at the Albert Schweitzer municipal hospital in Rio de Janeiro told the Associated Press that for days health […]

Egypt impounds Ever Given ship over $900 million Suez Canal compensation bill

An Egyptian court ordered the vessel’s Japanese owner, Shoei Kisen Kaisha, to pay $900 million in compensation as a result of losses inflicted when the Panamanian-flagged Ever Given prevented marine traffic from transiting through the vital global trade waterway, the state-run Al Ahram news outlet said on Tuesday. The hefty bill also includes maintenance fees […]

20 killed, 3 injured when bus, truck crash in southern Egypt

Egyptian authorities say a bus overturned while trying to pass a truck on a highway in southern Egypt, causing a collision that killed at least 20 people and injured three others ByThe Associated Press April 14, 2021, 9:08 AM • 1 min read Share to FacebookShare to TwitterEmail this article CAIRO — A bus overturned […]

UK economy grows 0.4% amid confidence from vaccine rollout

The U.K. economy grew 0.4% in February, rebounding from a sharp drop the previous month, as the rapid rollout of COVID-19 vaccines boosted confidence in a recovery from the pandemic ByThe Associated Press April 13, 2021, 8:32 AM • 1 min read LONDON — The U.K. economy grew 0.4% in February, rebounding from a sharp […]

Kyrgyzstan approves constitution boosting president’s power

Kyrgyzstan’s national elections commission says voters have overwhelmingly approved a new constitution that substantially increases the president’s powers ByThe Associated Press April 11, 2021, 4:14 PM • 2 min read Share to FacebookShare to TwitterEmail this article MOSCOW — Kyrgyzstan’s national elections commission says voters have overwhelmingly approved a new constitution that substantially increases the […]

With key deals, Uganda’s nascent oil sector nears maturity

Uganda, Tanzania and French oil company Total are preparing to sign agreements on building a heated pipeline to carry crude oil from western Uganda to the Indian Ocean coast By RODNEY MUHUMUZA Associated Press April 11, 2021, 9:57 AM • 3 min read KAMPALA, Uganda — Uganda, Tanzania and French oil company Total are set […]

The leaders of Ukraine, Turkey stress territorial integrity

The presidents of Ukraine and Turkey are stressing the importance of Ukraine’s territorial integrity, the de-escalation of tensions in eastern Ukraine and security in the Black Sea By ZEYNEP BILGINSOY Associated Press April 10, 2021, 7:23 PM • 3 min read Share to FacebookShare to TwitterEmail this article ISTANBUL — The presidents of Ukraine and […]

Alibaba fined $2.8 billion on monopoly charge in China

FILE – In this May 27, 2016, file photo, a man talks on his phone as a woman rides on an electric bike past a company logo at the Alibaba Group headquarters in Hangzhou in eastern China’s Zhejiang province. Chinese authorities summoned 11 companies including Alibaba and Tencent for talks regarding the security of voice […]

Boeing’s 737 Max has a new problem that will ground some of the jets again

“Boeing has recommended to 16 customers that they address a potential electrical issue in a specific group of 737 Max airplanes prior to further operations,” the company said. Airlines need to verify that one of the components of the plane’s electrical system is sufficiently grounded, Boeing stated. The company said it is working with the […]