World News Archives — Page 4 of 4

January 9, 2019 No Responses

Firm Orders Two Next-Generation Ships

Cruise line major Norwegian Cruise Line Holdings (NCLH) has ordered two next-generation cruise ships for its Oceania Cruises brand. The contract for the construction of the cruise vessels has been signed with Italian shipbuilder Fincantieri and has an overall value...

January 8, 2019 No Responses

World Bank President Steps Down

World Bank President, Jim Yong Kim has made the surprise announcement that he is stepping down after six years in the post. His resignation will take effect from 1 February. Mr Kim, 59, was not due to leave until 2022,...

January 1, 2019 No Responses

Stock Markets Record Worst Year In Ten Years

Investors will be glad to see the back of 2018 after many global stock markets suffered their worst year in a decade. The FTSE 100’s traditional early New Year’s Eve close saw it end the year down 12% at 6,728.13...

December 27, 2018 No Responses

World’s Largest FLNG Facility Begins Production

Royal Dutch Shell’s Prelude FLNG facility, the world’s largest floating liquefied gas facility, has commenced production offshore Western Australia. “Today the wells have been opened at the Prelude FLNG facility and the initial phase of production has co...

October 9, 2018 No Responses

Finance Ministers Explore New Strategies To Tackle Disaster Risk

Finance ministers from the 53 member countries of the Commonwealth will meet in the margins of the International Monetary Fund (IMF) and World Bank annual meetings this week in Bali, Indonesia, to discuss financing solutions to help counter the risk...

October 2, 2018 No Responses

Death In Indonesia Mishap Hits 844

The bodies of 34 Indonesian students have been found under a church which was buried by a mudslide after the quake in Palu, say aid workers. At least 844 people are confirmed to have died in the disaster, but the...

September 2, 2018 No Responses

African Airlines Traffic Rises By 6.8% In July

The International Air Transport Association (IATA) has said that African airlines’ July traffic rose 6.8 per cent, thereby emerging as the second highest among the global regions. However, IATA said this represented a decline from 11 per cent growth recorded...