World

Canada seeks to cut down on passports of convenience

OTTAWA,  (Reuters) – Canada will toughen citizenship rules to prevent foreigners from picking up Canadian passports of convenience without spending much time in the country, part of a sweeping package of reforms under legislation introduced on Thursday.

Talks break down in Panama Canal contract dispute

MADRID,  (Reuters) – A planned extension of the Panama Canal, one of the world’s most important shipping routes, was thrown into doubt yesterday after a group of companies said its talks with Panama’s government over how to expand the canal had fallen apart.

Twitter’s sputtering user growth unnerves investors

SAN FRANCISCO, (Reuters) – Twitter Inc yesterday reported its slowest pace of user growth in recent company history, dimming hopes that the social media phenomenon can sustain its torrid pace of expansion and wiping out nearly a fifth of the company’s value in after-hours trading.

Billions needed to fund deforestation prevention plan -report

SAO PAULO,  (Reuters) – Donor nations, rainforest-rich countries and multilateral institutions will have to spend tens of billions of dollars in the next few years to ensure that nations undergoing deforestation will have incentives to halt the practice, a report released on Monday said.

Luis Guillermo Solis

Costa Rica’s surprise frontrunner favours eventual tax hike

SAN JOSE,  (Reuters) – A centre-left former diplomat who has emerged as the surprise leader of Costa Rica’s presidential race vows if he wins a runoff vote to prepare the ground for eventual tax hikes seen as crucial to preserving the credit rating of Central America’s No.

Paris jewel thief betrayed by a kiss

PARIS,  (Reuters) – A thief who kissed the owner of a Paris jewellery shop he was robbing was arrested with the help of the DNA he left on her face, a French newspaper reported yesterday.

Smuggling, fraud cost Philippines $25.8B in 2011, study says

WASHINGTON (Reuters) – More than $410 billion in illicit money crossed the borders of the Philippines from 1960 to 2011, with customs fraud related to imported goods surging in recent years, according to a study released yesterday by a US-based anti-graft watchdog group.

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