AGENCE FRANCE-PRESSE

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WASHINGTON, D.C.: The lack of details on President Donald Trump’s plans to reform the US economy prompted the International Monetary Fund on Tuesday (Wednesday in Manila) to cut its growth forecast for this year and next. The IMF in January raised the estimates on the expectation of fiscal stimulus from…

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JERUSALEM: Israel’s Mossad spy agency is starting a fund to invest in technology firms creating products that could assist its work, including those involving robotics and encryption, the prime minister’s office said Tuesday. The fund, to be called Libertad, will invest in research and development programmes at “cutting-edge technology startup…

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HONG KONG: Asian markets turned negative on Wednesday as Republicans’ struggle to push through controversial health care legislation fuels concerns about the chances of Donald Trump passing his much-vaunted economic agenda. Global markets soared in the months after the tycoon’s November election victory as traders bet his plans to slash…

CANADA’S TRUDEAU WARNS:

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OTTAWA: Prime Minister Justin Trudeau on Tuesday decried hefty US anti-dumping duties imposed on Canadian timber, saying it will cost “thousands of jobs.” The United States on Monday slapped a second round of tariffs on Canadian softwood lumber in an escalation of the trade dispute. The US Commerce Department announced…

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LONDON: The automated teller machine (ATM) marked its 50th anniversary on Tuesday, with a British bank decorating the site of the world’s first cashpoint in gold to mark the occasion. The first ATM was unveiled by Barclays at their Enfield branch in north London on June 27, 1967. “The invention…

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PARIS: Earth’s protective ozone layer, on a slow path to recovery since the 1987 Montreal Protocol banned chemicals that erode it, may be in danger anew, scientists warned on Tuesday. Levels in the stratosphere of dichloromethane, a chemical not covered by the ozone rescue pact, are increasing rapidly and could…

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KIEV: Thousands of computer users across the globe scrambled on Wednesday to reboot after a wave of ransomware cyber attacks spread from Ukraine and Russia across Europe to the United States. The virus, which locked up files at companies and government agencies including the Chernobyl nuclear site and demanded a…

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LONDON: Twelve months after shutting down his season in the wake of a devastating semi-final defeat, Roger Federer returns to Wimbledon as favorite to capture a record-breaking eighth title and become the tournament’s oldest champion. The evergreen Swiss superstar, who turns 36 in August, has stunned the critics who wrote…

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POTOMAC, United States: Defending champion Billy Hurley III has endured an emotional roller coaster the past two years at the US PGA National, from a missing father to a breakthrough victory. So it’s no wonder the 35-year-old home-region favorite feels a bit strange about the $7.1 million (6.2 million euro)…

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