4 Bangladeshis killed in Libya

Dhaka / AFP Four Bangladeshis have been killed in gunfights between rival groups in the war-torn Libyan city of Benghazi, a minister said on Sunday. State minister for foreign affairs Shahriar Alam said he did not yet have full details on the dead. Alam said embassy officials had received three bodies and they were being stored in a hospital in ...

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Thousands of Iraqis flee Mosul fighting

Makhmur / AFP Thousands of desperate civilians were fleeing fighting on Sunday on the new front opened by Iraqi forces against the IS group south of the city of Mosul. Families crammed in the back of pickup trucks, sometimes bringing dead and wounded with them, emerged from the dust after crossing the front line and were met by Kurdish forces. ...

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Myanmar army chief vows to uphold democratic transition

Naypyidaw / AFP Myanmar’s powerful army chief vowed on Sunday to keep the nation “on the path to democracy”, days before Aung San Suu Kyi’s civilian government takes office after decades of army rule. Senior General Min Aung Hlaing made the remarks at an annual display of military might by Myanmar’s armed forces, a body that long crushed democratic aspirations ...

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Migrants rush to Greek camp on ‘border will open’ rumours

Idomeni / AFP Hundreds of hopeful refugees flooded back to Greece’s overwhelmed Idomeni camp on the border with Macedonia on Sunday following rumours that the closed frontier would be forced open. The renewed influx came as Greek authorities were trying to evacuate an estimated 11,500 people who were stranded at the squalid camp after Balkan states slammed shut their borders, ...

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We’re not a poor country, Donald

We are a very wealthy society, and we shouldn’t forget it. Donald Trump apparently has — along with many other people. Visiting recently with The Washington Post editorial board, here’s how Trump explained his suggestion that the United States limit its overseas military commitments, including support for NATO, founded in 1949: “I think that we are not in the position ...

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Need to nurture SMEs for robust economy

Global economy is facing uncertainties as never before. It’s challenges galore out there. The business ecosystem is changing in the flicker of an eyelid. And the small and medium-sized enterprises (SMEs) are not untouched by these swift changes. No wonder then the UAE government has a tough task ahead: not just to support the segment but also to ensure that ...

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Philippines creates new South China Sea task force

On Wednesday, the Philippine government said that it had created a new task force to coordinate its policy on the South China Sea – which Manila calls the West Philippine Sea – amid rising tensions with China and ahead of a verdict on a case which it has filed against Beijing. According to a document issued by the presidential office ...

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Virgin America’s happy vision just can’t compete

Travellers love Virgin America, the hip, mood-lit airline backed by Richard Branson. And why not? The self-described “low-fare, upscale” carrier promises passengers that they don’t need to accept the dismal nickel-and-dime, fee- for-everything flying experience offered by the competition. Instead, fly Virgin and you can have it all — legroom and the cheap ticket. Unfortunately, telling customers they can have ...

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Belgium, my country, has been living in denial

Jean-Michel Paul There was a time when Belgium was at Europe’s vanguard. It was the second country in the world to industrialize, the founder of art deco and surrealism, and a producer of Nobel scientists who discovered — among other things — the God particle. I was born and bred in this country, but I fear we are now trailblazing ...

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Inflating asset bubbles spread like a zombie virus

The leading academic theory of asset bubbles is that they don’t really exist. When asset prices skyrocket, say mainstream theorists, it might mean that some piece of news makes rational investors realize that fundamental values like corporate earnings are going to be a lot higher than anyone had expected. Or perhaps some condition in the economy might make investors suddenly ...

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