Pacific Rim leaders pledged on Friday to resist a new wave of protectionism as US President-elect Donald Trump loomed large over the opening of the 21-country Asia-Pacific Economic Co-operation summit. Mr Trump’s surprise victory in this month’s US presidential election has upended the Obama administration’s plans for a Trans-Pacific Partnership with Japan and 10 other countries and opened the door to Chinese rivals. It has also raised […]
As a last wish, a 14-year-old UK teen convinced the high court to be cryogenically frozen, hoping that one day she will be brought back to life. The girl suffered from terminal cancer, and she explained in court that she wanted to have a chance at living longer. The court ruled that the girl’s mother should be the one to decide on what to do about her […]
The market interpretation of the US election result can be expressed in just three letters, repeated several times: “USA! USA! USA!” Amid the noise that followed last week’s election victory for Donald Trump, one signal was clear — whatever the outcome will be the US, it will be far worse for the rest of the world in general, and emerging markets in particular. Outside of financial crises, […]
The government will unveil plans on Thursday to cut dramatically the amount that car crash victims can claim for whiplash injuries. A consultation from the Ministry of Justice will say that Britain is in the grip of an “epidemic of whiplash claims” which is driving up the cost of car insurance. It says whiplash claims are 50 per cent higher than they were a decade ago, despite […]
For four years, officials said, they had patiently requested that Dharam Pal Singh provide reliable evidence to verify his birth date: school records, military records, baptismal records, medical records, school records of his children. “We have absolutely nothing to prove how old he really is,” Pashkin said. “He could be 80; he could be 100. We don’t know.” Through the years, Singh had not been consistent in […]
Photo Destroyed buildings in the Syrian village of Kfar Jales, near Idlib, on Wednesday, following air strikes by Syrian and Russian warplanes. Credit Omar Haj Kadour/Agence France-Presse — Getty Images LONDON — President Bashar al-Assad of Syria, in his first remarks since the American election, has called President-elect Donald J. Trump “a natural ally, together with the Russians, Iranians and many other countries” in the struggle against […]
This year marks the 60th anniversary of the Suez Crisis that shocked the western world with its tangles of politics and nationalism, greed and opportunism, imperial manoeuvring and Cold War brinkmanship. Michael Doran, former White House Middle East adviser and a deputy assistant secretary in the department of defence under President George W Bush, in his new book Ike’s Gamble: America’s Rise to Dominance in the Middle […]
By Paul Sandle | LONDON LONDON Google delivered a vote of confidence in London’s future as a technological hub after the Brexit vote on Tuesday by announcing plans for a new building in the King’s Cross area of the city that will house thousands of extra engineers. Google’s Chief Executive Sundar Pichai said computer science had a great future in Britain, citing the talent pool, educational institutions, […]
PARIS U.S. President-elect Donald Trump will have little choice but to adopt a softer line on trade than the one he has flagged during his campaign, although flare-ups with some partners are likely, former WTO chief Pascal Lamy said. With financial markets wondering whether Britain will opt for a hard or soft Brexit, Lamy said that there was a similar scenario for trade under a Trump presidency. […]
Photo Donald Trump at a rally against the Iran deal in Washington last year. He vowed during his campaign to renegotiate or renounce the agreement. Credit Doug Mills/The New York Times Seventy-six national security experts urged President-elect Donald J. Trump on Monday to reverse his hostility to the nuclear agreement signed with Iran last year and to use it as a tool to ease other tensions with […]
MOSCOW — A Russian fighter jet crashed off the Syrian coast on Monday while trying to land on an aging aircraft carrier in the Mediterranean, Russian military officials said. The Russian Defense Ministry blamed a technical failure for the crash of the jet, a MIG-29, according to a ministry statement carried by the Interfax news agency. The pilot, who was the only one in the jet, ejected […]
By Shinichi Saoshiro | TOKYO TOKYO The dollar rose to a nine-month high against a basket of major peers early on Monday, as a risk-on mood in global markets triggered by Donald Trump’s election to president remained firmly intact. The dollar index .DXY was up 0.4 percent at 99.428 after touching 99.445, its highest since Feb. 1. The greenback has strengthened as expectations that Trump’s administration would […]
By Richard Leong and Jennifer Ablan | NEW YORK NEW YORK Donald Trump’s stunning victory for the White House may mark the long-awaited end to the more than 30-year-old bull run in bonds, as bets on faster U.S. growth and inflation lead investors to favor stocks over bonds. A two-day thumping wiped out more than $1 trillion across global bond markets worldwide, the worst rout in nearly […]
By William Schomberg | LONDON LONDON Five months to the day after Britain voted for Brexit, its finance minister will outline how the government plans to cope with the economic fallout and voters’ frustrations which had echoes in Donald Trump’s U.S. election triumph. Philip Hammond, the Chancellor of the Exchequer, is due on Nov. 23 to announce spending and tax plans until the end of the decade […]
Britain’s Brexiters have seized on the election of Donald Trump, arguing that it offers the chance to strengthen ties with the US, in an echo of the partnership forged decades ago between Ronald Reagan and Margaret Thatcher. Boris Johnson, the foreign secretary, has depicted Mr Trump’s victory as “a great opportunity”, emphasised the possibility of a post-Brexit trade deal, and called for Europe to snap out of […]
DUBAI // Few sports can match the calorie-burning potential of squash, and coaches in Dubai are making it more accessible to children to help defeat the nation’s obesity problem. Coaches are being brought in by Dubai’s Elite Squash to lead lessons in schools and encourage more young people to take up the sport. As well as coaching clinics, Neil Young has started a squash programme with the […]
Lego has announced it has ended its relationship with the Daily Mail after campaigners targeted some of the UK’s biggest newspapers over their coverage of inflammatory issues such as immigration and race following the vote for Brexit. The Danish toy maker posted a message on Twitter on Saturday confirming its current agreement with the Mail had finished and that it was “not planning any future promotional activity […]
By Sumanta Dey | BENGALURU BENGALURU After Donald Trump’s unexpected victory in the U.S. presidential election, investors may refocus in the coming week on the health of the world economy and any signs that years of rock-bottom interest rates and fiscal austerity are coming to an end. Trump’s victory poses a major challenge to the conventional wisdom on the global economy, which for years has relied on […]
The EU is ready to use punitive anti-dumping tariffs on imports — such as steel — after a UK-led blocking minority of countries opposed to the reforms collapsed. Britain had been part of an alliance set on scuppering the plan as unnecessary and protectionist. But on Friday the Netherlands and Austria indicated that they would throw their weight behind the proposal, leaving the UK likely to be outnumbered when […]
LONDON A “hard” Brexit in which Britain loses its free access to the European Union market now looks like the most likely outcome of the country’s plan to leave the bloc, ratings agency Standard & Poor’s said on Friday. Britain will suffer the brunt of the economic impact of Brexit and the effects on the world economy will be more limited, S&P said in its latest update […]
Saudi business magnate Prince Alwaleed bin Talal on Thursday put aside his bitter clash with Donald Trump and embraced the Republican U.S. president-elect, saying he was heartened by reports that Trump had appeared to delete online references to his proposed ban on Muslims. Prince Alwaleed, in a wide-ranging telephone interview on CNBC, said he planned to meet Trump in the United States soon. “I have no problem […]
Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, receives Prince Charles and Camilla, Duchess of Cornwall, at the launch of the UK-UAE Year of Culture at Al Jahili Fort. Ryan Carter / Crown Prince’s Court – Abu Dhabi Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, watches as calligrapher […]
By Julia Fioretti | BRUSSELS BRUSSELS Britain’s privacy watchdog said on Monday that Facebook (FB.O) has agreed to suspend using data from UK users of its WhatsApp messaging app for advertisements or product-improvement purposes after the watchdog said consumers weren’t properly protected. The watchdog said the social media giant faces action if it uses such data without valid consent. The Information Commissioner’s Office (ICO) had said in […]
Microsoft Corp said it will be increasing pricing for its enterprise software and cloud services in the UK in the wake of the sterling’s plunge since Britons voted to leave the EU. The price increase, from Jan. 1 2017, will be 13 percent for its enterprise software and 22 percent for its enterprise cloud services, it said. Pricing changes will not apply to consumer […]
