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Egypt's textiles salvage plan reveals backing for state sector -

Egypt's textiles salvage plan reveals backing for state sectorAL-MAHALLA AL-KUBRA, Egypt, Nov 14 (Reuters) - Behind an unassuming, scruffy perimeter wall, Egypt's largest textiles factory has languished for decades, losing money and breeding discontent as the economy shifted away from socialist-style planning. The plan shows how the government has reversed a trend under President Hosni Mubarak, who was ousted in 2011, of turning public enterprises over to the private sector, doubling down instead on its support of state firms. It will also provide a crucial test of Egypt's ability to boost job-creating industry as it exits a three-year reform programme backed by the International Monetary Fund.


Thu, 14 Nov 2019 06:21:54 -0500

Russia says BRICS nations favour idea of common payment system -

Russia says BRICS nations favour idea of common payment systemRussia and its BRICS peers have been looking for ways to decrease their dependence on the U.S. dollar and have advocated using their national currencies in mutual trade. Kirill Dmitriev, the head of the Russian Direct Investment Fund (RDIF), said "increasing non-market risks of the global payment infrastructure" was behind the plan to integrate the group's national payment systems. "An efficient BRICS payment system can encourage payments in national currencies and ensure sustainable payments and investments among our countries, which make up over 20% of the global inflow of foreign direct investment," Dmitriev, a member of the BRICS Business Council, told reporters.


Thu, 14 Nov 2019 06:21:29 -0500

Thailand seizes 176 kg of crystal meth in treadmills bound for Japan -

Thailand seizes 176 kg of crystal meth in treadmills bound for JapanThai anti-narcotics officers have seized 176 kg of crystal methamphetamine hidden in the metal frames of electric treadmills bound for Japan, police said on Thursday. "Last month, the Australian police busted a similar case with the drugs hidden in exercise equipment, which they told us was packaged and exported from Thailand," Police Major General Yingyot Thepchamnong, head of the Narcotics Suppression Bureau told Reuters.


Thu, 14 Nov 2019 06:15:44 -0500

Impeachment witnesses can expect abuse, death threats, say survivors of past political scandals -

Impeachment witnesses can expect abuse, death threats, say survivors of past political scandalsJohn Dean entered the witness protection program. Valerie Plame feared for her children. Both are veterans of U.S. political scandals that threatened the White House, and they have a warning for the witnesses who are testifying against President Donald Trump in the current public impeachment hearings.


Thu, 14 Nov 2019 06:15:39 -0500

Turkey to deport American Islamic State detainee after Greece slams door -

Turkey to deport American Islamic State detainee after Greece slams doorTurkey said on Thursday it would deport an American Islamic State fighter to the United States after he was refused entry to Greece, leaving him stuck in a border buffer zone for days. Turkish authorities said on Monday they had begun to repatriate Islamic State (IS) detainees to their home countries, deporting a German and an American, and a further 23 European nationals would be sent home in the coming days. Greek police said on Monday Turkish police had come to the Kastanies border post and requested that a U.S. citizen of Arab descent accompanying them be let into Greece, as he had been arrested for exceeding his maximum permitted stay in Turkey.


Thu, 14 Nov 2019 06:09:17 -0500


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