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Author Archives: CT Report

Air France losts $55m revenue due to attacks in Paris


PARIS: The November 13 terror attacks in Paris that killed 130 people are taking a toll on the French economy by hurting tourism to the country — and the biggest French airline is feeling the pain. Flight cancellations and a dip in bookings since the attacks have cost Franco-Dutch carrier Air France-KLM 50 million euros ($55 million) in revenue losses ... Read More »

India gov’t revenue rises by 22.8% to Rs.5.13 lakh crore in H1


NEW DELHI: The government’s revenue increased by 22.8 per cent to Rs.5.13 lakh crore in the first six months of this financial year compared with Rs.4.17 lakh crore in the same period of the previous 12 months, with non-tax revenue growing by a whopping 51 per cent. Tax revenue in the six-month period grew by 14 per cent, according to ... Read More »

Chemical in e-cigarettes can cause respiratory diseases


MEXICO: It turns out that vaping is bad for you after all: according to a report published by the United States National Institute for Occupational Safety and Health, a chemical found in candy-flavored e-cigarettes called diacetyl can cause a number of deadly lung complications if inhaled over a long period of time. Even non-e-cig users have probably come into contact ... Read More »

France’s trade deficit widens in Oct from Sep


PARIS: France’s trade deficit widened in October from September as imports rose abruptly and exports declined slightly, the country’s customs office said Tuesday. The trade deficit of the eurozone’s second-largest economy rose to 4.58 billion euros ($4.97 billion) in October from EUR3.59 billion in September, the figures showed. Imports rose to EUR41.87 billion from EUR40.91 billion and exports declined slightly ... Read More »

Astronomers spotted a star producing superflare in our galaxy


CANADA: Astronomers have spotted a star producing a superflare in our galaxy. The star is quite similar to our Sun and the research team concluded that Sun is capable of producing a superflare which could be destructive for life on our planet earth. It is highly unlikely but not impossible, according to the research paper. The star KIC9655129 produced superflare ... Read More »

Mozambique Zimbabwe’s second largest regional trading partner after S. Africa


HARARE: Mozambique has become Zimbabwe’s second largest regional trading partner after South Africa, absorbing 18% of the country’s exports in the first 10 months of 2015, information gathered from ZimTrade has shown. Zimbabwe and Mozambique are both members of Sadc and qualifying products enjoy duty-free entry into both countries. In addition, the two countries have an operational bilateral trade agreement, which ... Read More »

South Korean stocks higher at start, KOSPI gains 3.11pts


SEOUL: South Korean stocks started a whisker higher Wednesday led by gains in large-cap shares like techs and retailers. The benchmark Korea Composite Stock Price Index (KOSPI) gained 3.11 points, or 0.16 percent, to 1,952.15 in the first 15 minutes of trading. Market bellwether Samsung Electronics rose 0.4 percent and chipmaker SK hynix advanced 0.83 percent. Leading retailer Lotte Shopping ... Read More »

Malaysian police nab couple with heroin, syabu


LANGKAWI: A Thai woman and her Malaysian lover were arrested last night for attempting to smuggle 387 grammes of heroin and 9.5 grammes of syabu to Langkawi. Langkawi police chief Supt Dr Che Ghazali Che Awang said seven Eramin 5 pills were also found in a sling bag during the arrest at the Kuah Jetty Point Complex at 9.00 pm. ... Read More »

Blanket imports to Zimbabwe drop 98%


HARARE: Blanket imports to Zimbabwe have dropped by about 98 percent from $500,000 worth of products to $11,000 since removal of the commodity from the open general import licence in July this year. Announcing the move in his mid-year fiscal policy review, Finance and Economic Development Minister Patrick Chinamasa said the textile industry was one of the low hanging fruits ... Read More »

Malaysian Customs destroyes contraband cigarettes RM19 million

DENGKIL 04 DECEMBER 2015. Timbalan Ketua Pengarah Kastam (Penguatkuasaan & Pematuhan), Datuk Matrang Suhaili ketika pelupusan rokok-rokok lucut hak di Bahagian Penguatkuasaan Kastam, Dengkil. NSTP/Mohd Fadli Hamzah

DENGKIL: Over 27 million contraband cigarettes seized by the Federal Territory Customs Department since 1997 was destroyed at the Enforcement Division of Dengkil Customs Office here the other day. The cigarettes, consisting various brands, weighed 23.59 tonnes and valued at RM2.8 million and RM16.82 million in unpaid taxes. Customs deputy director-general Datuk Matrang Suhaili he said the country loses over ... Read More »

Singapore stocks open 5.24pts lower


SINGAPORE: Singapore shares began Wednesday (Dec 9)trading on a downbeat note, with markets opening lower amid a global equities slump spurred by a rout in commodities. The Straits Times Index opened 5.24 points lower at 2,870.79 at 9 a.m. Top actives in the morning included Neptune Orient Lines, which has been making headlines after announcing an acquisition by French shipping ... Read More »

Rents for private homes in Singapore fall 1.1% in Nov

revenue fall

SINGAPORE: Rents for private homes in Singapore declined 1.1 per cent last month (November) from the month before, while rental volume also decreased, SRX Property said on Wednesday. In the HDB market, rents fell even as rental volume rose. According to SRX’s flash estimates, rents for non-landed private units in the core central region and outside the central region fell ... Read More »

Syria to export 700,000 tons of citrus fruit to Russia


DAMASCUS: The head of Syria’s Chambers of Industry says the country will export more than 700,000 tons of citrus fruit to Russia after Moscow banned imports of Turkish agricultural products. Fares Chehabi said on December 8 that the first shipment has already left for Russia. He said other Syrian goods, such as textile products, would also be sent to Russia. ... Read More »

Taiwan stocks fall at open, TAIEX slips 0.9pc


  TAIPEI: Taiwan stocks fell on Wednesday in line with regional bourses, but losses were limited on buying in local transport shares fuelled by oil prices near 7-year lows. The main TAIEX index fell 0.9 percent to 8,270.95 as of 0200 GMT, after closing down 1.3 percent in the previous session. The electronics subindex sank 0.8 percent, while the financials ... Read More »

Some migratory birds could go extinct


HONG KONG: A new study has shed light on how inadequate and uncoordinated conservation efforts coupled with habitat loss could force some migratory birds into extinction. The study published in journal Science shows that more than 90 per cent of the migratory birds are not being adequately protected and this could eventually cause some of these birds to go extinct. ... Read More »

Mexico to export $290m in food products to China in 2016


MEXICO: Mexican Agriculture Minister Jose Calzada Rovirosa said the Latin American country is eyeing expanding the scope of its farm produce exports to China, local media reported here the other day. Rovirosa, who arrived in China on Saturday for a working visit, will meet with various government officials in China to “review progress in (sanitary) protocols for the exportation, in ... Read More »

Hong Kong stocks skid for 5th  day at open, Hang Seng sheds 0.9pc


HONG KONG: Hong Kong fell to the lowest level since September after the release of inflation data and China’s central bank cut the yuan’s reference rate to the weakest level in four years. The Hang Seng China Enterprises Index slid for a fifth day, losing 0.9 percent to 9,575.95 at 10:13 a.m. local time, dragged down by industrial companies. China’s ... Read More »

Moose population declines over 50%


LONDON: Moose population in Canada, specifically in Manitoba, is declining with the Wildlife Society Manitoba chapter claiming a decline of 50 per cent from once a 45,000 strong population. Citing this decline, the Society has penned an open letter to the Conservation and Water Stewardship Minister Tom Nevakshonoff with an intention of revealing status of the moose population, but also ... Read More »

India’s IT services exports rises 15% to $82bn in 2014-15

Morocco’s auto industry exports likely to rise to $10b by 2020

MUMBAI: India’s total export of IT, ITeS and BPO services grew 14.8 per cent to $82 billion (Rs 5.01 lakh crore) in 2014-15, RBI data showed today. “India’s total export of computer services and ITeS/BPO services (excluding commercial presence) during 2014-15 is estimated at Rs 5,014 billion ($82 billion), registering 14.8 per cent growth in USD terms over the previous ... Read More »

China stocks flat at start, Shanghai Composite plunges 0.3%


SHANGHAI: China’s stocks swung between gains and losses after the release of inflation data, while the first six companies to make their trading debut in five months soared. The Shanghai Composite Index dropped 0.3 per cent to 3,461.03 at 9:51 aM, after gaining as much as 0.3 per cent. China’s consumer inflation rose more than estimated while factory-gate deflation extended ... Read More »