Tuesday 3 May 2016

Obama torches Trump at press dinner

US President Barack Obama on Saturday took aim at Democrats and Republicans alike in his final appearance headlining the star-studded White House correspondents' dinner, but saved his sharpest barbs for Republican presidential front-runner Donald Trump. "The Republican e


Ottawa eyes investment in new Montreal light trail

The Canadian government is eager to consider joining the pension fund Caisse de depot et placement du Quebec in investing in a new public transport light rail network in Montreal, the third-largest of its kind in the world, Prime Minister Justin Trudeau said on Saturday. Speaking


China April factory activity edges up, jobs down

Activity in China's manufacturing sector expanded for the second month in a row in April but only marginally, an official survey showed, raising doubts about the sustainability of a recent pick-up in the world's second-largest economy. The official Purchasing Managers'


Anti-Trump protests hit California for second day

Protests erupted in California for the second day in a row on Friday against US presidential candidate Donald Trump, who is moving closer to winning the Republican nomination after a string of victories this week. The billionaire businessman was forced to halt his motorcade and g


Oil rig chopper crashes in North Sea, 13 dead

A helicopter ferrying passengers from a Norwegian oil platform crashed in the North Sea on Friday, killing at least 11 of the 13 people on board, rescue officials said. The 11 passengers and two crew on the flight from the Gullfaks B oil platform, operated by Norway's Statoil


Oil prices ease after hitting 2016 highs

Oil futures slid after setting a 2016 high on Thursday as traders locked in profits, though analysts said supply disruptions, strong investor appetite and a weakening dollar could push prices higher soon. Brent crude futures were trading at $47.05 per barrel at 1129 GMT, down 13


Allies must pay more for US help, says Trump

Rolling out an "America first" foreign policy, Republican front-runner Donald Trump has vowed that if he were elected president, US allies in Europe and Asia would have to fend for themselves if they did not pay more for the US defence umbrella. Trump's speech, deli


Oil jumps to fresh 2016 highs as dollar drops

Oil prices jumped about 3 per cent on Thursday, hitting new highs for 2016 as the dollar weakened after the Federal Reserve announced it would leave US interest rates unchanged. Oil had risen early, the day after an industry group said US crude inventories had dropped in the late


Jakarta to sink without construction project

Indonesian President Joko Widodo said on Wednesday that large parts of the nation's capital will sink below sea level if a $40 billion construction project, mired by accusations of corruption, does not go ahead. A major bribery scandal and bureaucratic clashes prompted author


Venezuela state employees to work two-day week

Venezuela's socialist government ordered public workers on Tuesday to work a two-day week as an energy-saving measure in the crisis-hit South American Opec country. President Nicolas Maduro had already given most of Venezuela's 2.8 million state employees Fridays off duri

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