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An Important News

A Road in Australia ‘Melted’ and Destroyed Drivers’ Tires

Australian officials were forced to close a road on Tuesday after heat caused the surface to melt, coating and destroying the tires of about 50 drivers. The Malanda Millaa Millaa Road in North Queensland was resurfaced last week, but wet weather prevented its gravel layer from setting properly, ABC News reports. When hot temperatures followed, the asphalt began to melt, wreaking ...

Egypt pushes population control: ‘Two is Enough’

CAIRO – Egypt’s faltering economy pushed authorities to become explicit about family planning, one of the most private of matters in this traditional, Muslim country. As Egypt’s population hits the milestone of 100 million, President Abdel-Fattah el-Sissi is rolling out a campaign called “Two is Enough.” The campaign, supported by the United States and the United Nations, is not like China’s harsh ...

IMF urges Egypt to maintain tight monetary policy to ward off inflation

CAIRO, July 2 (Reuters) – Egypt should maintain tight monetary policy to contain the risk of inflation as a result of fuel and electricity subsidy cuts, the International Monetary Fund said on Monday, in a statement that praised progress on reforms tied to a new $2 billion loan. The IMF’s remark comes days after Egypt’s central bank decided to keep ...

Thailand, World Cup, LeBron James: Your Tuesday Briefing

• Found! Twelve boys and their coach were discovered alive nine days after they were trapped by floodwaters in a cave complex in the northern Thailand. The governor of Chiang Rai Province said rescue workers were providing care. Divers reached the group after enlarging a narrow, submerged passageway that was too small for them to get through while wearing their ...

Bovine blood products illegally smuggled into Australia in international conspiracy

An international conspiracy to profit from bovine blood products illegally smuggled into Australia has been unearthed in a Four Corners investigation. The Department of Agriculture has confirmed it has seized 13,000 litres of foetal bovine serum (FBS) which it says, “pose an unacceptable biosecurity risk”. Much of this material was originally sourced from banned South American countries with a history ...

China’s aid to Papua New Guinea threatens Australia’s influence

China’s aid spending in Papua New Guinea – with its focus on infrastructure and “few-strings-attached” concessional loans – risks eroding Australia’s influence in the country, with Australian aid sometimes viewed as paternalistic and unwieldy. A Deakin University submission to a parliamentary inquiry, based on interviews with Papua New Guinean business, political, academic and community leaders argues Australia risks being diminished by rising Chinese spending. PNG ...

Egypt Holds Rates as Subsidy Cuts Rekindle Inflation Worries

Egypt’s central bank kept its benchmark interest rate unchanged Thursday as increases in fuel and electricity prices rekindled concerns over inflation. The Monetary Policy Committee held the deposit rate at 16.75 percent and the lending rate at 17.75 percent. Ten of 11 economists surveyed by Bloomberg had expected no change. Inflation has dropped from highs above 30 percent for much ...

Egypt parliament to investigate World Cup failures

Egyptian Members of Parliament, along with the Head of Youth and Sports Committee of the House of Representatives, Mohamed Faraj Amer, have called for a fact-finding committee to be setup to investigate possible violations by the Egyptian Football Association (EFA) and suspicions of corruption during the recent 2018 FIFA World Cup in Russia. The intended committee is expected to draft ...

BAE Systems wins £20bn contract to build warships for Australia

British defence giant BAE Systems has won a £20billion contract to build a new fleet of warships for Australia. The company will provide nine submarine-hunting frigates as part of a deal that Theresa May hailed as a result of Brexit. It saw off competition from Italian and Spanish rivals to secure the lucrative contract. The deal will come as a major boost for UK ministers as ...

Wipro removes Trump from its risk factors

Wipro has removed US President Donald Trump from the risk factors in its annual filing with the US Securities and Exchange Commission, a year after the information technology (IT) servicesNSE 2.57 % company named his policies as a potential threat. The Bengaluru-headquartered IT company was the first to explicitly name Trump as a risk. The Trump risk factor has now ...