Thursday 8 December 2016

UN appeals for record $22bn in global aid

The world is facing a humanitarian crisis that will require a record $22.2 billion in funding for 2017 to support nearly 93 million of the most vulnerable and marginalized people, a UN office said as it launched a relief aid appeal. The world is facing a humanitarian crisis that


Top Indian leader J Jayalalitha dies at 68

J Jayalalitha, the chief minister of the south Indian state of Tamil Nadu and one of India's most influential politicians, has died at 68. The chief minister suffered a heart attack on Sunday night and died at 23:30 local time (18:00 GMT) on Monday, Chennai's Apollo Hospi


33 killed in California warehouse blaze

Nearly 33 people were killed after a fire ripped through a late-night dance party in a converted warehouse in Oakland, California, said media report citing senior officials. Late Sunday night, the City of Oakland released the names of seven deceased victims who had been identifie


Euro hits 20-month low as Italy votes ‘no’ to reforms

The euro fell to 20-month lows against the dollar after Italian voters on Sunday rejected constitutional changes backed by the government, prompting Prime Minister Matteo Renzi to announce his resignation. The euro dropped as much as 1.4 per cent to $1.0505, falling below its 1 1


Citic-Carlyle eye $3bn McDonald’s China deal

A team led by Chinese conglomerate Citic Group and US-based private equity house Carlyle has emerged as the final global group to buy McDonald’s China franchise in a deal that could fetch nearly $3 billion. TPG Capital and Bain Capital, two other global contenders originall


Brent soars above $52 after Opec deal

Oil prices soared today following a decision by Organization of the Petroleum Exporting Countries and Russia to cut output in a bid to boost oil price. US crude oil gained 9 percent to reach $50 a barrel for the first time since late October, while Brent crude touched a six-week


Indian cinemas must play national anthem, says court

India's Supreme Court has ruled that the national anthem must be played in every cinema before a film is screened. Judges said the order should be enforced within 10 days and audiences must stand when the anthem is played. In the 1960s and 1970s, cinemas regularly played the


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