Germanys Angela Merkel to Attend UN Migration Compact in Morocco

Rabat – The Intergovernmental conference on migration will take place from December 10-11.Merkel’s visit was confirmed by Germany’s Government spokeswoman Martina Fietz on Friday, according to RT.Prior to Fietz’s announcement, Morocco’s Minister of Foreign Affairs Nasser Bourita held talks with his German counterpart Heiko Maas on the preparations of the conference. The German official said that Morocco is a major partner in several fields, including migration. Read Also: UN Applauds Morocco’s Efforts to Adopt Global Migration PactThe discussion, which took place in Berlin on Thursday, was also an opportunity to discuss Merkle’s participation in Marrakech’s migration conference.The migration pact aims to address humanitarian concerns, human rights-related, and developmental aspects of international migration.It also seeks to protect the dignity of all migrants, regardless of their status.The compact also promises to ease pressures on countries that welcome and host refugees.Morocco has established itself as a country of destination rather than just being a transit country.In 2013, Morocco introduced its National Policy on Immigration and Asylum to offer protection to migrants and refugees.The North African country has also launched regularization campaign for migrants and refugees who are aiming to settle in the country.Just days before the intergovernmental conference, Morocco will also be home to the 11th summit of the World Forum on Migration, which will be held on December 5-7 in Marrakech. Co-chaired by Germany and Morocco, the forum on migration also aims to tackle questions related to migrants’ rights to decent working and living conditions in their host countries. read more

TSX takes small gain as RIM stock moves higher

TORONTO — The Toronto stock market eked out a mild gain Friday as shares of BlackBerry-maker Research In Motion rose ahead of its planned new smartphone launch.The S&P/TSX composite index moved up 2.44 points to 12,602.18 while the TSX Venture Exchange inched ahead 0.17 of a point to 1,240.25.The Canadian dollar rose 0.01 of a cent to 101.58 cents US after Statistics Canada reported that the country’s trade deficit with the world jumped to $2 billion in November.Meanwhile, information technology stocks provided major lift in the market, up 3.8%, as RIM shares led the sector. The company’s stock (TSX:RIM) rose 13% to $13.31 on very heavy volume of more than 12.4 million shares.RIM shares have been on a volatile ride in recent months as investors await the launch of the BlackBerry 10 operating system and devices on Jan. 30.On Friday, promotional materials for the new BlackBerrys leaked onto some technology blogs, a day after thre top three U.S. cellphone carriers each announced they would support the new devices.But an analyst at BMO Capital Markets lowered his price target for RIM stock to US$9 from $12 on Thursday, based on revised earnings estimates for the coming year and 2014 following a visit to the Consumer Electronics Show in Las Vegas.Financial stocks fell 0.08% as weakness in the U.S. sector spread to the Canadian market.Wells Fargo, the biggest mortgage lender in the U.S., earned a record $4.9 billion in the fourth quarter, up 25% from the same period a year before. But investors worried that the results showed signs that its giant mortgage business was losing momentum.Great-West Lifeco (TSX:GWO) shares lost 13 cents to $24.67.In New York, the Dow Jones industrials gained 17.21 points to 13,488.43 while the Nasdaq was 3.87 points higher at 3,125.63.The S&P 500 index gave back 0.07 of a point to 1,472.05, pulling away from the five-year high it reached on Thursday.The Commerce Department said that the U.S. trade gap widened 15.8% in November to its widest point in seven months. The deficit was grew to $48.7 billion.In commodities, oil prices fell after China’s inflation rose to levels that could affect the country’s growth. February crude was down 26 cents to US$93.56 a barrel on the New York Mercantile Exchange.European countries are also facing their own uphill battle to restore economic growth. The economies of the 17 European Union countries that use the euro are in recession and unemployment is soaring across the region.Gold prices backtracked with the February contract down $17.40 to US$1,660.60 an ounce.PetroBakken Energy Ltd. (TSX:PBN) said it has budgeted $675 million for capital projects this year, with a focus on growing production from the Cardium formation in Alberta. Shares of the company were down 20 cents to $10.09.Shares of Boeing fell after the U.S. Federal Aviation Administration said it was launching a comprehensive review of the critical systems of Boeing’s 787 after a fire and a fuel leak earlier this week. read more

Thomson Reuters reports secondquarter profit up from year ago revenue down

Thomson Reuters reports second-quarter profit up from year ago, revenue down TORONTO – Thomson Reuters (TSX:TRI) reported an increase in its second-quarter profit compared with a year ago, while a stronger U.S. dollar hurt its revenue.The financial data and information company, which keeps its books in U.S. dollars, says it earned a profit attributable to shareholders of US$262 million or 33 cents per diluted share, up from $249 million or 31 cents per diluted share a year ago.Adjusted earnings per share amounted to 52 cents, up from 51 cents per share in the same quarter last year.Meanwhile, revenue slipped four per cent to $3.04 billion compared with $3.16 billion.The company estimated that the impact of foreign currency reduced revenue by six per cent.“Our results are in line with our full-year expectations, and on a pre-currency basis, each of our four operating units reported growth for the first time in more than three years,” chief executive James Smith said in a statement.“We are entering the second half of 2015 from a position of strength and will continue to prioritize resources behind our highest growth opportunities.” by The Canadian Press Posted Jul 29, 2015 5:32 am MDT Last Updated Jul 29, 2015 at 6:20 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more