Foreign investment in Egypt drops to almost zero-minister

CAIRO,  (Reuters) – Foreign investment in Egypt was almost non-existent in the six months to the end of December, Planning Minister Ashraf al-Araby said today, illustrating the depth of the economic crisis facing the Arab world’s most populous nation.

He added that the country needed strong investment to reach the 7 percent annual economic growth rate commonly cited by economists as the level needed to lower unemployment and soak up new entrants to the labour market.

Growth was only 2.2 percent year-on-year in the three months to the end of December, he told a news conference.

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Police still baffled by discovery of 13 starved, abused siblings

PERRIS, Calif., (Reuters) – Police said yesterday they were still seeking answers after finding 13 siblings starving in their parents’ squalid Southern California home, some of them chained to beds under “horrific” conditions in an otherwise ordinary suburb.

Former Trump aide Bannon refuses to comply with House subpoena

WASHINGTON,  (Reuters) – President Donald Trump’s former chief strategist Steve Bannon declined on Tuesday to comply with a subpoena ordering him to answer questions from a House intelligence panel about his time at the White House as part of its investigation into allegations of Russian interference in the U.S.

El Salvador eyes work scheme with Qatar for migrants facing exit from U.S.

SAN SALVADOR, (Reuters) – El Salvador is discussing a deal with Qatar under which Salvadoran migrants facing the loss of their right to stay in the United States could live and work temporarily in the Middle Eastern country, the government of the Central American nation said on Tuesday.

Nations at North Korea meeting commit to considering more sanctions

VANCOUVER, (Reuters) – A 20-nation meeting on North Korea agreed yesterday to consider imposing unilateral sanctions on Pyongyang that go beyond those required by U.N.

Britain’s Carillion collapses after banks pull the plug

LONDON,  (Reuters) – Carillion collapsed yesterday when its banks pulled the plug, triggering Britain’s biggest corporate failure in a decade and forcing the government to step in to guarantee public services from school meals to roadworks.

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