AGENCE FRANCE-PRESSE

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MIAMI: Last year, the Earth sweltered under the hottest temperatures in modern times for the third year in a row, US scientists said Wednesday, raising new concerns about the quickening pace of climate change. Temperatures spiked to new national highs in parts of India, Kuwait and Iran, while sea ice…

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PARIS:  It’s time to raid granny’s wardrobe. The headscarf knotted under the chin — last seen worn over curlers by harassed housewives in the 1970s — is back on the Paris catwalk. And the good news this time is that men can wear versions of them too. Japanese designer Hiromichi…

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SHANGHAI: China may allow foreign companies to launch IPOs on its stock exchanges and issue corporate bonds, the government said, after President Xi Jinping promised the world his country was committed to opening its markets. The State Council, China’s Cabinet, late Tuesday posted on its website a notice saying it…

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DAVOS, Switzerland: Malaysian Trade Minister Mustapa Mohamed said his country must get beyond the multibillion-dollar 1MDB scandal that has embroiled top figures in the country’s political class and caused international embarrassment. Allegations that huge sums were misappropriated from the state backed 1MDB fund have triggered a scandal which has turned…

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NEW YORK: German chemicals giant Bayer will invest about $8 billion in the United States in agriculture research in conjunction with Monsanto, which it is purchasing, the companies said on Tuesday. The announcement came after a “very productive meeting” last week between President-elect Donald Trump, Bayer CEO Werner Baumann and…

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LONDON: British engines manufacturer Rolls-Royce will pay £671 million in three countries to settle bribery and corruption claims, following a deal approved on Tuesday by a British judge. The settlement approved by Judge Brian Leveson came five years after Britain’s Serious Fraud Office began investigating “allegations of malpractice” involving intermediaries…

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SEOUL: The former head of ailing South Korean vessel builder Daewoo Shipbuilding & Marine was sentenced to 10 years in prison for accounting fraud on Wednesday, among the longest penalties imposed on a businessman for financial crime in the country. Ko Jae-Ho’s punishment epitomises the decline of Daewoo, which was…

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UNITED NATIONS, United States: The world economy has not yet emerged from a period of slow growth, a trend that threatens to derail an ambitious UN plan to end extreme poverty by 2030, a UN report said Tuesday. The world economy expanded by just 2.2 percent in 2016—the slowest rate…

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BEIJING: China’s growth slipped to its slowest rate in more than a quarter of a century in 2016, an AFP survey has forecast, as analysts see mounting risks for the world’s number two economy with Donald Trump heading for the White House. While the Asian giant is a key engine…

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HONG KONG: The dollar recovered against its major peers Wednesday after taking a battering the previous day but equity traders were on edge on uncertainty about the prospects of a Donald Trump presidency. The greenback plunged Tuesday following comments from Trump in an interview that it was too strong and…

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