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Bangladesh turns back ‘persecuted’ Rohingyas

  Dhaka /AFP Multiple boats packed with Rohingya refugees fleeing violence in Myanmar were turned back by Bangladesh border guards on Monday, despite appeals by the country’s opposition to provide shelter to the persecuted Muslim minority. Thousands of desperate Rohingya from Myanmar’s western Rakhine state have flooded over the border into Bangladesh in the last week, bringing with them horrifying ...

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Castro’s death will shrink Cuba back down to size

  For a man who had been reported dead so many times before, and whose vision of the world had shrunk long ago to the size of a t-shirt, Fidel Castro triggered a remarkable commotion when he died this weekend at age 90. Nowhere were the paeans more heartfelt than in Latin America. “A great one has died,” wrote Ecuador’s ...

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Where charitable giving may be headed with Trump

  The holidays and year-end tax considerations make this the season of giving. And there are indications Americans will be more generous than ever. In 2015, Americans donated a record $373.25 billion in charitable contributions, up a little more than 4 percent from the year before, according to Giving USA, the most reliable chronicler of philanthropy. More than seven in ...

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Nigeria’s economy needs visionary leadership

Africa and the world cannot afford a failing economy in the continent’s most populous nation. Yet that is exactly what Nigeria might be getting: Its economy is on track to shrink by 1.7 percent this year, the official unemployment rate has more than doubled over the last two years, and inflation is at an 11-year high. Nigeria’s Horrors and Hopes ...

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Knowledge economy key to sustainable progress

  Preparing a future generation that is well-equipped to face fresh challenges while building up on a diversified economy is the best way to bring about sustainable development in the country. The UAE’s boost to the knowledge-based economy stems from the fact that to ensure diversification of economy, the country’s educational set-up has to be strengthened. The Ministry of Education ...

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French front-runner is actually a conservative

  Openly expressing admiration in France for former U.K. Prime Minister Margaret Thatcher is a bit like asking for ketchup with your entrecote. Or it was. Francois Fillon, an avowed Thatcherite, is the new front-runner in France’s 2017 presidential election. He came from far behind to win France’s Republican nomination for the presidency, taking 67 percent of votes in Sunday’s ...

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Replacing Obamacare will be a slog, not a race

  In the days since the election, Republicans have realized that they are in a tight spot on Obamacare. They seem to be lurching toward a strategy that will make it tighter. Republicans have vowed over and over again to repeal and replace the health-care law, but they do not yet have a detailed plan or the votes to enact ...

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Move over VIX, pain has a new king and his name’s dollar

     Rest in peace, VIX. You’re no longer the fear gauge for global markets. The Bank for International Settlements has found a better barometer to capture the nervousness that starts as a slight reduction in global banks’ leverage, is magnified by European lenders as a dollar squeeze in Asian supply chains, and reverberates around the world as a financial ...

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Lufthansa headed for worst pilot strike on hard-line pay stance

  Bloomberg Deutsche Lufthansa AG refused to give in to pilot demands for a higher wage offer, with their union now set to extend a walkout to Tuesday and Wednesday this week making the current conflict the longest ever protest by cockpit crews at the German airline. Pilots at the mainline Lufthansa brand will strike on short-haul services on Tuesday ...

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Etihad Cargo records biggest monthly uplift

  Abu Dhabi / Emirates Business It has been a month of milestones for Etihad Cargo. The freight division of Etihad Airways recorded its busiest month ever in October, uplifting 53,785 tonnes of cargo and surpassing its previous best, achieved in November 2014, by 501 tonnes. This reflected growth in perishables traffic from Africa, US inbound and outbound traffic, and ...

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