Bloomberg Coca-Cola Co., the world’s largest soft-drink company, posted third-quarter earnings that beat analysts’ estimates, helped by new beverages like sports drinks and sales of smaller, more-profitable package sizes. Profit was 49 cents a share, excluding some items, the Atlanta-based company said in a statement on Wednesday. Analysts estimated 48 cents, on average. And while sales fell 6.9 percent ...
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Juncker hopes for breakthrough in EU-Canada trade deal
AFP European Commission chief Jean-Claude Juncker said he looked to Belgium on Wednesday to overcome internal disputes and seal a landmark EU-Canada trade deal. Belgium’s federal and regional leaders meanwhile held a short new round of talks in Brussels in a bid to break the deadlock on the eve of a still hoped-for signing summit with Canadian Prime Minister ...
Read More »PSA sales down on China, Europe demand woes
Paris / AFP French carmaker PSA on Wednesday blamed falling demand in Europe and China, as well as exchange rate movements, in posting a drop in third-quarter sales. PSA, the second largest car manufacturer in Europe and behind the Peugeot, Citroen and DS brands, said sales came in at 11.4 billion euros ($12.4 billion) for the quarter, down 8 ...
Read More »France ‘Jungle’ camp smoulders as demolition drive ramps up
Calais /Â AFP Workers ramped up demolition of France’s notorious Calais “Jungle” on Wednesday after fierce blazes cut through a swathe of the camp overnight, sending migrants fleeing for safety. Wearing hardhats and orange overalls in the morning fog, a team of around 15 workers resumed tearing down tents and makeshift shelters at the camp that has become a symbol ...
Read More »Blast at Indian firecracker workshop kills 5
New Delhi / AFP Five people were killed in an explosion at an illegal firecracker workshop in India, police said on Wednesday, ahead of the annual Diwali festival when demand hits its peak. The building housing the workshop was completely destroyed when a fire hit gunpowder stocks used to make the fireworks in northern India’s Uttar Pradesh state late ...
Read More »Freed Taiwan hostage ate mice, scorpions
Taipei / AFP Hostages were forced to eat mice, scorpions and centipedes to survive during the nearly five years they were held by Somali pirates, according to a Taiwanese seafarer who arrived home on Wednesday. Shen Jui-chang, among 26 hostages freed from the crew of Naham 3 seized south of the Seychelles in March 2012, added he had constantly ...
Read More »Duterte wants US troops out in 2 years
Tokyo /AFP Philippine President Rodrigo Duterte said on Wednesday he wants US troops out of his country in the next two years and is willing to scrap defence pacts with longtime ally Washington if necessary. The comments follow a series of anti-American tirades by the firebrand leader, who has repeatedly attacked the US while cosying up to Beijing, upending ...
Read More »Russia criticises US troop plans in Norway
Oslo / AFP Russia criticised plans to deploy more than 300 American troops in Norway, saying it would do nothing to make northern Europe safer. Norway announced on Monday that 330 US Marines, to be stationed on rotation around 1,000 kilometres (600 miles) from the Russian border, will be engaged in training and manoeuvres from January 2017. The announcement comes ...
Read More »Street challenges power in Venezuela crisis
Caracas /AFP Venezuela’s political rivals faced a test of strength on Wednesday, with the opposition vowing mass street protests as President Nicolas Maduro resists efforts to drive him from power. The socialist president and center-right-dominated opposition accuse each other of mounting a “coup” in a volatile country rich in oil but short of food. The crisis prompted Pope Francis ...
Read More »Freed Ukrainian pilot back in Russia for jailed compatriots
Moscow/ AFP A Ukrainian pilot released from a Russian prison in May was in Moscow on Wednesday to throw her support behind two compatriots jailed in Russia, her lawyer said. This is the first time Nadiya Savchenko, who was elected to the Ukrainian parliament in absentia during her detention, has visited since her release in a prisoner swap. Savchenko ...
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