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KINGSTON: Jamaica still has a long way to become export competitive on the global market, Anthony Hylton, Minister of Industry,...

MarGregor to reduce workforces as market weaken

BERLIN: Cargotec’s MacGregor is planning to lay off around 100 employees at MacGregor Uetersen site in Germany by year’s end,...

Nigeria: NNPC cancelled crude oil delivery contracts

ABUJA: The Nigerian National Petroleum Corporation (NNPC) has cancelled the contract for the delivery of crude oil to the nation’s...

Colombian, Venezuelan foreign ministers to address border crisis

CARACAS: The Ministers of Foreign Affairs María Ángela Holguín (Colombia) and Delcy Rodríguez (Venezuela) will meet to address the border...

Venezuela’s Fedecamars presents proposals to reactivate output, economy

CARACAS: The Venezuelan Federation of Chambers of Commerce and Industry (Fedecámaras) presented a set of proposals focused on revising the...

EU voices concern over border crisis between Venezuela, Colombia

CARACAS: The European Union (EU) voiced concern over the border crisis between Venezuela and Colombia, following Caracas' decision of closing...

US customs seizes $8m in cocaine at Port of Long Beach

LONG BEACH: 424lbs of cocaine with a street value of around US$8 million has been detected within a shipment of...

South Africa unveils new smartPORTS

CAPE TOWN: The South African ports of Cape Town and Saldanha have become the latest to ‘go live’ with Transnet...

Cuba offers online banking for self-employed works: BPA

HAVANA: Self-employed workers in Cuba now have access to bank services online from state-owned savings bank BPA, which previously offered...

Argentine farmers and ranchers announce strike

BUENOS AIRES: Three of the four major organizations representing Argentine farmers and ranchers began a five-day halt to sales of...

Brazilian police keep black teens away from beach in Rio

RIO DE JANEIRO: The office of the public ombudsman in the Brazilian state of Rio de Janeiro announced that it...

Mexico exports $600m of organic products annually

MEXICO CITY: Exports of organic products total some $600 million annually, the Mexican Agriculture Secretariat said. Coffee accounts for 50...

Hungary retail sales up 7.2% in June: KSH

BUDAPEST: Retail sales in Hungary saw a year-on-year rise of 7.2% in June, sharply up from May’s 4.4% rise, the...

Hungarian ÁKK sells HUF 39b of securities at auction

BUDAPEST: The Government Debt Management Agency (ÁKK) sold a combined HUF 39 billion of securities at auction today, HUF 8...

Dairy Queen fast food to enter Polish market

WARSAW: Warren Buffet's fast food chain Dairy Queen will open its first restaurants in Poland in September. The chain will...

Poland to spend PLN107b on road construction program to 2023

WARSAW: The Polish government will spend some PLN 107 billion on building some 3,900 kilometers of high-speed roads in the...

Turkey’s 4G tender phone frequencies outstrip predictions with bids of $4.5b

ANKARA: Turkey's auction of 4G mobile phone frequencies lured a higher than expected 3.96 billion euros ($4.5 billion) worth of...

Russia food import embargo ‘catastrophic’ for France: European Parliament

BRUSSELS: The food import embargo Russia has imposed against countries that sanctioned it is a disaster for French farmers, France’s...

US overtakes France as Germany’s No. 1 market

BERLIN: For decades, France was the single biggest importer of German goods. But that's changed now. The United States has...

British farmers suffering because of EU’s foreign policy, senior official admits