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  • Turkey and Cyprus have overlapping claims of marine jurisdiction and both plan to carry out exploratory drilling this year. We remind them that sharing the natural resources of the island of Cyprus relates to the core of the Cyprus issue, "Aksoy said in a statement. Greece denied the charge and Cyprus accused Turkey of stirring tension.

  • BERLIN/ PARIS, Nov 18- French President Emmanuel Macron called on Sunday for Germany and France to dig deeper as allies in their bid to spearhead a more united Europe, including by overcoming lingering skepticism on issues such as a euro zone budget. In a speech to the German lower house of parliament on Sunday at an event honoring war victims, Macron said the onus...

  • DUBAI, Nov 18- Global ports operator DP World believes international trade tensions such as those between the United States and China will make 2019 challenging but not unmanageable, its chairman said on Sunday. DP World Chairman Sultan Ahmed bin Sulayem told Reuters he believed the psychological impact of trade tensions involving the United States were...

  • JERUSALEM, Nov 18- Amir Yaron, a professor at the Wharton School of the University of Pennsylvania, looks set to be the next governor of Israel's central bank after the Israeli cabinet approved his nomination on Sunday. The economist is Prime Minister Benjamin Netanyahu's choice for the post and would succeed Karnit Flug, whose five-year term ended last week.

  • ANKARA, Nov 18- The killers of Saudi journalist Jamal Khashoggi may have taken his dismembered body out of Turkey in luggage, Turkish Defence Minister Hulusi Akar was quoted as saying by broadcaster CNN Turk on Sunday. Speaking at a panel as part of an international conference in Halifax, Canada, Akar said Khashoggi's killers may have taken the journalist's body...

  • JERUSALEM, Nov 18- Israel's economy so far in 2018 is expanding more slowly than previously thought, after third-quarter data showed weaker-than-expected growth mainly led by government spending and exports. In a preliminary estimate, gross domestic product grew by an annualized 2.3 percent in the July-September period, the Central Bureau of Statistics...

  • YANGON, Nov 18- Myanmar police shot and injured four Rohingya Muslims on Sunday, after detaining two men accused of smuggling people out of a camp for displaced people in western Rakhine state, a witness and police told Reuters. The rickety vessel, which carried 25 children among its passengers, had been bound for Malaysia when authorities stopped it south of...

  • LONDON, Nov 18- British Prime Minister Theresa May said on Sunday the next seven days in the Brexit process would be critical for the country's future.

  • CAIRO, Nov 18- Egypt's Pioneers Holding said on Sunday it has made a compulsory offer to acquire all of Electro Cable Egypt as part of its strategy to use revenues from a capital increase in October to grow its business. Pioneers Holding, which operates financial services and other businesses, owns 48.5 percent of Electro Cable Egypt, one of the oldest cable...

  • NEW DELHI/ MUMBAI, Nov 18- As Prime Minister Narendra Modis government turns up the heat on the Reserve Bank of India governor to do its bidding ahead of next years general election it is getting the central banks board to take on a much more powerful role, according to government officials and board members. With the election due by May, and voters concerned about...

  • PORT MORESBY, Nov 18- Papua New Guinea will release a formal closing statement for the regional APEC forum in coming days, Prime Minister Peter O'Neill said on Sunday, as the 21- member body was unable to agree on a leaders' statement for the first time in its history. In his closing comments to the forum, O'Neill also said the group was trying to ensure "free and open"...

  • Bainimarama, who has been the Prime Minister of Fiji since leading a bloodless coup in 2006, has won 27 of 51 seats, according to the electoral commission. Fiji went to polls on Wednesday, only the second time the country has held democratic elections since 2006.. "The supervisor of elections has been in a great hurry to get the results out," Mahendra Chaudhry of the...

  • PORT MORESBY, Nov 18- Wide differences between China and the United States dominated an Asia-Pacific Economic Cooperation summit in Papua New Guinea on Sunday, with little evidence of consensus as officials struggled to frame a closing statement acceptable to all. Competition between the United States and China over the Pacific was also thrown into focus...

  • PORT MORESBY, Nov 18- Tonga has signed up to China's Belt and Road initiative and has received a reprieve from Beijing on the timing of debt payments shortly before an onerous schedule to repay loans was due to start. Tonga is one of eight island nations in the South Pacific that owe significant debt to China. Tonga's financial reliance on China dates back just over...

  • *U.S.-led plan seen as alternative to China energy proposal. PORT MORESBY, Nov 18- The United States and three of its Pacific allies said on Sunday they would work with Papua New Guinea to ensure most of the country had access to electricity by 2030, as Western powers seek to contain China's economic influence in the region. Leaders of the United States, Japan,...

  • BERLIN, Nov 18- Germany needs a package of tax cuts and other measures to shore up economic growth in the long term, Economy Minister Peter Altmaier said in an interview published on Sunday, days after the country posted its first economic contraction since 2015.. Altmaier, a member of Chancellor Angela Merkel's governing conservatives, said he was focused on...

  • NEW YORK, Nov 17- J. Crew Group Inc, known for its preppy men's and women's clothing, said on Saturday that its Chief Executive Officer James Brett is leaving the company, effective immediately. The decision, which leaves the retailer without a CEO ahead of the key holiday shopping season, was described in a statement as a mutual agreement between Brett and the New...

  • The Maldives, famous for its luxury resorts on palm-fringed islands, is the latest in a number of small countries where China has invested millions of dollars building highways and housing as part of its Belt and Road Initiative. Prime Minister Narendra Modi of India, which is seeking to claw back ground in a country it considered as part of its area of influence,...

  • DUBAI, Nov 17- Iran and Iraq could raise their annual bilateral trade to $20 billion from the current level of $12 billion, President Hassan Rouhani said on Saturday, despite concerns over the economic impact of renewed U.S. sanctions. Iranian trade officials denied that any food-for-gas scheme could be set up as Iran was a net exporter of food to Iraq.

  • SEOUL, Nov 17- Chinese President Xi Jinping intends to visit North Korea next year after receiving an invite from North Korean leader Kim Jong Un, South Korea said on Saturday, which would make Xi the first Chinese leader to do so since 2005.. Xi told South Korean president Moon Jae- in in a bilateral meeting on the sidelines of the Asia Pacific Economic Co-operation...