January, 2017

• 16 January

  Cargo plane crash kills 37 in Kyrgyzstan

    BISHKEK/ AP A cargo plane crashed on Monday in a residential area just outside the main airport in Kyrgyzstan, killing at least 37 people, the Emergency Situations Ministry said on Monday. The Turkish Boeing 747 crashed just outside the Manas airport, south of the capital Bishkek, killing people in the residential area adjacent to the airport as well as those ...

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• 16 January

  Cambodia cancels military exercise with US

  

    PHNOM PENH / AP Cambodia has informed the United States that it is canceling an annual joint military exercise this year, even though planning for the event had already begun, officials from both countries said on Monday. Defense Ministry spokesman Gen. Chhum Socheath said the Angkor Sentinel exercise had to be postponed because Cambodian forces would be unable to fully ...

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• 16 January

  Philippines protests China’s weapons installation on islands

    MANILA / AP The Philippines has filed a low-key diplomatic protest with China after a US think tank reported that Beijing appears to have installed anti-aircraft and anti-missile weapons on its man-made islands in the strategically vital South China Sea, the country’s top diplomat said on Monday. Foreign Secretary Perfecto Yasay said the diplomatic communication was issued after the report ...

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• 16 January

  Why Americans won’t buy Chinese cars

  

    What would it take to convince American drivers to buy a Chinese-branded car? China’s automakers have tried and failed to answer that question for at least a decade. Now another one wants to try: This week, on the eve of the Detroit Auto Show, Guangzhou Automobile Group Co. (GAC) announced that it will begin exporting cars and sport-utility vehicles to ...

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• 16 January

  Dreams of drone industry crashed into reality

  

    Attendees at the Consumer Electronics Show in Las Vegas last week could play around with a dizzying array of unmanned aerial vehicles. Drones that take selfies. Drones equipped with thermal imaging cameras to see at night. Drones that help fishermen chase their prey. No use is too niche as drone-makers chase a market that’s forecast to grow an average ...

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• 16 January

  Retailers get the hard sell in an Amazon world

  

    Next week, the nation’s retailers — and, more to the point, the people who want to sell things to the nation’s retailers — will gather at the Jacob K. Javits Convention Center on the western edge of Manhattan for the National Retail Federation’s “Big Show.” On the advice of a reader of the column I wrote in early December ...

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• 16 January

  Sinking banks drag down Saudi stocks, rest of region mixed

  

    DUBAI / Reuters A slide in banking shares after earnings at a major bank missed analysts’ estimates dragged down Saudi Arabia’s stock market on Monday, while markets in the rest of the region were mixed. Riyad Bank, the first major Saudi bank to report fourth-quarter earnings, posted a 66 percent fall in net profit to 293 million riyals ($78 ...

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• 16 January

  Emerging-market currencies and stocks slide on trade jitters

    Bloomberg Emerging-market assets declined as concern grew that threats to global trade and growth are proliferating. Mozambique’s international bond tumbled after the nation said it won’t make an interest payment on January 18. The MSCI Emerging Markets Index dropped the most in more than three weeks and a gauge of currencies slipped for the first time in three days. ...

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• 16 January

  Saudi sees no need to extend OPEC deal beyond six months

  

    Bloomberg OPEC probably won’t need to extend a deal it reached with other crude producers to cut output, given the level of their compliance with the reductions and the outlook for an increase in global demand, Saudi Energy Minister Khalid Al-Falih said. The re-balancing of the oil market should take place by the end of the first half of ...

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• 16 January

  As drugs run short, Egypt turns to herbal remedies

    Bloomberg In an economic crisis that has led to a shortage of medicines, Egyptians are skipping trips to drug stores and instead turning to herbal remedies to treat every-day illnesses. In the Cairo working class neighbourhood of Basateen, dozens can be seen lining up outside a decades-old herbal spice shop with pyramid-shaped stacks of jars on display, filled with ...

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