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Latest Monsanto GMO seeds raises worries of monopoly

New York - Muslimchronicle

The rapid growth of Monsanto's new GMO seeds resistant to the controversial herbicide dicamba has revived worries about the company's stranglehold over farming during a period of industry consolidation. Long a producer of dicamba, Monsanto last year introduced genetically-modified cotton and soybean seeds that can resist the weed killer. The products took off, amassing more than 20 percent of US

Dutch to join Austria to fight German road toll plan

The Hague - Muslimchronicle

The Netherlands said Wednesday it will join Austria in dragging Germany before Europe's top court in an increasingly bitter battle over Berlin's controversial plan to impose tolls on its motorways."The Netherlands will join Austria in a request for intervention against Germany at the European Court of Justice," Dutch Infrastructure Minister Cora van Nieuwenhuizen said in a letter to parliament. Planned

Venezuela creating digital currency amid financing crisis

london - Muslimchronicle

Venezuelan President Nicolás Maduro has announced the creation of a new virtual currency in a bid to ease the country's economic crisis. He said the Petro would be backed by Venezuela's oil, gas, gold and diamond wealth. Opposition lawmakers, however, poured scorn on the plan. Venezuela's economy has been hit by falling oil revenue and the plummeting value of its

Venezuela to create digital currency amid financing crisis

Caracas - AFP

Venezuela is creating a digital currency to combat a financial blockade by the United States, President Nicolas Maduro announced Sunday. The Petro will be backed by Venezuela's oil and gas reserves and its gold and diamond holdings, the president said in his weekly television program. "This is going to allow us to move toward new forms of international financing

Rajoy pledges economic boost if 'normalcy' returns to Catalonia

Madrid - AFP

Spanish Prime Minister Mariano Rajoy pledged Saturday that the country's economic growth could reach three percent next year, well ahead of forecasts, if Catalonia returns to "normalcy" after the region's secessionist drive. At the height of the Catalan independence drive in mid-October, the central government in Madrid had lowered its 2018 growth forecast to 2.3 percent from 2.6 percent, a

Greenpeace slams Indonesia palm oil industry on deforestation

JAKARTA - Muslimchronicle

Greenpeace slammed Indonesia's palm oil industry on Monday (Nov 27) for failing to live up to a pledge to halt deforestation, as the lucrative sector faces possible restrictions in Europe over environmental concerns. Palm oil is used in everything from soap to frozen pizza, but a consumer backlash has forced dozens of the world's largest food and drink manufacturers to

S. Korea prosecutors seek 10 years' jail for Lotte boss

Seoul - Muslimchronicle

South Korean prosecutors demanded a 10-year jail term Monday for the chairman of embattled retail giant the Lotte Group for embezzlement and breach of duty. The country's fifth largest conglomerate has been battered by boycott campaigns in China over South Korea's deployment of a US missile defence system -- for which it provided the land -- and by criminal trials

Protests on the wane against Macron's labour reforms

Paris - AFP

Thousands of protesters took to the streets of France on Thursday to denounce President Emmanuel Macron's planned labour reforms, but low turnouts suggested the resistance is running out of steam. Numbers have steadily dwindled from a peak of around a quarter of a million who protested nationwide on September 12, the first major demonstration against Macron's reform agenda seen as

Croatia court orders arrest of retail giant boss

Zagreb - Muslimchronicle

Judges in Zagreb said that if Ivica Todoric fails to appear in Croatia within the next few days an international warrant will be issued for his arrest. He is accused, along with 14 others including his two sons and other former top executives at the company, of abuse of trust, forging official documents and failure to keep proper business records.

Mining giant Rio Tinto, two ex-chiefs charged with fraud

Sydney - Muslimchronicle

Rio Tinto and two former top executives were charged with fraud by US authorities Wednesday, accused of inflating the value of the company's Mozambique coal assets and failing to disclose mounting losses. The world's second biggest miner vowed to "vigorously" defend itself against the allegations, while announcing it had separately settled a case with Britain's Financial Conduct Authority about the

Haiti police use tear gas to stop tax protest

Port-au-Prince - AFP

Haitian police on Tuesday used tear gas and water cannons to disperse thousands of protesters marching on the capital Port-au-Prince, as anger mounts over tax hikes seen as unfairly targeting the poor. It was the latest in a series of demonstrations that began over a month ago against the 2017-18 budget passed by the administration of President Jovenel Moise. The

Daimler recalls million-plus vehicles over airbag problems: report

Berlin - Muslimchronicle

German carmaker Daimler is recalling more than a million vehicles, including Mercedes, due to a problem with the airbags, a company spokesman was quoted as saying Monday. Among the vehicles being recalled are some 400,000 Mercedes cars in Britain and many hundreds more in Germany, the spokesman told the DPA news agency. A Mercedes spokesman in the United States said

Japan's Kobe Steel scandal spreads, 500 firms affected

Tokyo - Muslimchronicle

Japan's Kobe Steel admitted Friday that a snowballing falsified data scandal had affected around 500 customers, more than twice as many as initially thought. More than 30 foreign customers were affected, including Boeing, Airbus, General Motors, Tesla, German automaker Daimler and PSA of France, according to Japan's leading Nikkei business daily. The new estimate comes as Kobe Steel's battered stock

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