Duterte threatens to copy Russia ICC exit

  Davao / AFP Philippine President Rodrigo Duterte threatened to follow in Russia’s footsteps on Thursday and pull his country out of the International Criminal Court, incensed at foreign criticism of his deadly drug war. Russia formally withdrew its signature to the ICC’s founding Rome Statute on Wednesday, calling the tribunal’s work “one-sided and inefficient”. Speaking in his home town ...

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Trump looms large over French presidential race

  Paris /AFP Donald Trump’s election looms large over the race for president of America’s oldest ally France, where mainstream candidates all style themselves as uniquely qualified to prevent a similar upset by the far right. On Thursday evening, right-wing candidates was expected to take part in the last of three debates ahead of the first round on Sunday of ...

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Russia moves to block LinkedIn network

  Moscow / AFP Russia’s state communications watchdog said on Thursday it had ordered internet providers to block the LinkedIn professional networking site after a court ruled it was breaching a law on storing users’ data. “The social networking site LinkedIn has been added to a register of violators… and submitted for blocking by internet operators,” the Roskomnadzor watchdog said ...

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Iran weighs wheat export

  Reuters Iran aims to ramp up wheat exports to clear a hefty surplus supported by a government self-sufficiency drive, but may continue to import some wheat to meet the quality requirements of local millers, an industry group said. The government has prioritised wheat — a heavily consumed staple in Iran — in domestic grain production in the face of ...

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Norway’s DNO signs Iran oil field deal

  Reuters Norwegian oil and gas company DNO is to study the development of an oil field in Iran, becoming the second western company after France’s Total to sign an energy deal in the country since the lifting of sanctions. DNO said it had signed a memorandum of understanding with the National Iranian Oil Company (NIOC) to conduct a study ...

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Israel invites bids for new round of gas exploration

  Bloomberg Israel formally invited bids for 24 new oil-and-gas exploration licences off its Mediterranean coast on Tuesday, the first in four years. “We are offering for exploration half of our economic waters in 24 blocks,” Energy Minister Yuval Steinitz said, announcing the offer which closes on April 21. “Estimates are that most of the natural gas in Israel’s economic ...

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Gas demand to grow in ’17 but more slowly: Qatar

  AFP Demand for natural gas will grow in 2017 but at a slower rate than in recent years, Qatar’s energy minister said on Thursday ahead of a meeting of exporting countries. Mohammed Saleh al-Sada said ministers of the Gas Exporting Countries Forum (GECF) would discuss “long-term strategy” at Thursday’s meeting in Doha. “The big news, of course, is that ...

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Egyptians face medicine shortages as pound plunges

  AFP Fatima was already struggling to find cancer drugs for her father when a devaluation of the Egyptian pound this month caused the imported medicine to disappear altogether. “Before, I could still find it if I searched in several pharmacies. Today I can’t,” said the 34-year old teacher, who asked not to be named in full. A dollar crunch ...

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India’s currency crunch bites business

  Bloomberg Major wholesalers at Delhi’s largest fruit and vegetable market, which serves most of the capital’s nearly 17 million people, are planning to sell their products at bargain prices in order to move perishable stock as the impact of India’s cash shortages continues to bite. Sales are down by as much as 50 percent at Azadpur Mandi, traders said, ...

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Philippines posts strong growth

  AFP The Philippines became developing Asia’s fastest-growing major economy in President Rodrigo Duterte’s first three months in office, officials said Thursday, even as his fiery rhetoric hit the peso and stock prices. The economy expanded 7.1 percent on-year in July-September, beating the consensus forecast of 6.8 percent, Economic Planning Undersecretary Rosemarie Edillon said. That was faster than China’s 6.7 ...

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