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Gen Odierno said that British defence cuts are already jeopardising US-UK joint operations Photo: AP Ever since the Cold War ended more than two decades ago, America has never entertained any serious doubts about Britain’s ability to fulfil its commitment as a vital military ally when tackling threats to the Western alliance. Until now. For the dramatic cuts to Britain’s defence budget implemented since the Coalition took power […]

National Bank of Abu Dhabi (NBAD) is not interested in buying retail business of Citigroup, and is instead targeting organic growth in the country and globally, the bank’s chief executive told Reuters on Sunday. The plan to grow organically by the United Arab Emirates’ largest lender sets it apart from several other big Gulf banks, which have sought to use overseas acquisitions as a way to expand […]

Video | Hollande Discusses Kidnapping in Yemen President François Hollande of France confirmed that a Frenchwoman had been kidnapped in the Yemeni capital, Sana. By ALISSA J. RUBIN February 24, 2015 PARIS — A Frenchwoman who works for the World Bank was kidnapped on Tuesday in front of a ministry office in Sana, the Yemeni capital, according to security officials there and President François Hollande of France, who took the […]

HSBC Holdings, struggling to contain a scandal over tax evasion at its private bank, reported lower-than-predicted fourth-quarter profit as costs and conduct provisions rose. The shares slumped the most since 2011. Pretax profit dropped 56 percent to $1.7 billion from the year-earlier period, London-based HSBC said in a statement on Monday. That missed the $3.7 billion average estimate of five analysts surveyed by Bloomberg. Full-year profit fell […]

|By James G. Neuger |The bodies haven’t been buried and the killers are on the loose, but that didn’t prevent anti-Islam politicians across Europe from seizing on the Jan. 7 massacre in Paris. The rhetoric varied in intensity across the European Union’s 28 countries, each with its own religious and social phobias, many gripped by an economic recession that makes convenient scapegoats out of immigrants — especially […]

Labour leader Ed Miliband with MP for Manchester Central Lucy Powell Photo: Steve Back / Barcroft Media It was only a matter of time before Lucy Powell got it in the neck for being successful, young – and above all female. Just days after Ed Miliband promoted her vice-chair of Labour’s election campaign, the briefings against her began. Yesterday they reached a new frenzy, after she was blamed […]

Visitors walk past by the Ilissos statue, a part of the collection of ‘The Parthenon Marbles’, also known as the ‘Elgin Marbles’ in the Hermitage Museum in St. Petersburg Photo: ANATOLY MALTSEV/EPA By Boris Johnson 6:10AM GMT 08 Dec 2014 Follow The other day, I saw at close hand the bravery and professionalism of a Malaysia Airlines cabin crew as they grappled with a passenger who was being, […]

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The latest entrant into Islamic finance is leading the industry in the new direction of socially responsible investment – which could even include the fight against Ebola. Last week an immunisation programme secured a $500 million issuance of Islamic bonds, or sukuk, in the largest debut issue ever by a global non-profit organisation, under a broader trend to use bond markets to fund development and humanitarian projects. […]

Herman von Rumpuy Photo: REX Tomorrow, Herman Van Rompuy (which, lest we forget, rhymes with ‘Pumpy’) steps down as President of the European Council. He may look like Sven-Göran Eriksson’s less exciting older brother, but for five years this unelected eminence very grise has dominated European politics. So what do you know about this human riddle wrapped in a mystery inside a bland, Belgian enigma? 1 The man […]

The Deputy Prime Minister, Nick Clegg, has said EU migrants should only be able to claim out-of-work benefits after three months  By Raziye Akkoc 8:55AM GMT 27 Nov 2014 Follow The Deputy Prime Minister has waded into the argument about EU migrants on benefits by giving his support for “ensuring that EU jobseekers cannot claim out-of-work benefits from day one”. Nick Clegg, in an op-ed for the […]

Jersey Finance, the island’s financial centre which acts as custodian of 1.2 trillion pounds ($1.88 trillion), is in talks with a dozen banks from China, India and the Gulf about obtaining a licence in Jersey, its deputy chief executive said. Situated between France and Britain in the Channel, Jersey is a British Crown dependency outside of the United Kingdom and the European Union. It is jostling with […]

As so often in Britain, the Dutch case involves the system colluding with a dysfunctional and absent father Photo: ALAMY Anyone wishing to see just how shocking the behaviour of our “child protection” system can be should watch an utterly chilling video on YouTube (see below: “Kidnap of children from their mother by Dutch social services…”). It shows 11-year-old twins screaming in protest as they are seized by […]

KATHMANDU: India and Nepal are holding negotiations to sign a second Project Development Agreement (PDA) to generate hydorelectric power in the Himalayan nation endowed with rich water resources.   The negotiations for the 900 MW Arun-III project between Investment Board Nepal (IBN) and Satluj Jal Vidyut Nigam Ltd, India, which began here yesterday, continued today, Indian Embassy sources said, adding, they are set to continue tomorrow as […]

The scope of Britain’s Islamic finance market is widening with several initiatives from the government and private sector, although the country is about to lose one of its six full-fledged Islamic banks. In June, Britain became the first Western country to sell sovereign sukuk (Islamic bonds), helping boost its industry credentials as competition intensifies among global financial centres for a slice of Islamic business. Britain has 22 […]

The contrast between yesterday’s low-key military ceremony at Camp Bastion to mark the end of British combat operations in Afghanistan and the way the nation celebrated victory in the Falklands could not be more stark. Back in 1982 the heroics of the victorious soldiers, sailors and airmen who participated in the daring operation to liberate the islands from their Argentine invaders were marked by representatives of the […]

Russell Brand shares his views at the Occupy Wall Street Rally in New York Photo: REX FEATURES Oh dear, what a fusillade of hatred against poor old Brandy Wandy. I have before me a slew of Sunday papers and in almost all there is a broadside against Russell Brand, the crinkle-tressed comedian. Commentators from Left and Right denounce him as a prancing, prinking, pompadoured popinjay; a know-nothing narcissist […]

The atmosphere at Westminster has always been more to Alex Salmond’s taste Photo: Getty Images So, will Alex Salmond make that return trip to Westminster, again? And does anyone care? His almost coquettish refusal to say for definite, on BBC’s Question Time, whether he plans to swap the IKEA-like backbenches of Holyrood for their green-leather equivalents at Westminster created a fair old stir in certain quarters yesterday. And, […]

NEW DELHI: In order to make India a better place to do business, the government is working to cut down the time for registering a business from 27 days to a single day. Towards this end, it has readied a raft of measures, such as, single registration for all labour laws, overhaul of tax systems, reduction in the number of permits required, easing up property registration, quick […]

NEW DELHI: India is likely to next month sign a deal to lay an oil pipeline to Nepal for supply of petrol, diesel and ATF, said Sunil Kumar Thapa, Commerce Minister of the Himalayan nation.   Prime Minister Narendra Modi during his visit to Nepal in August had “assured that India will assist in putting up a pipeline,” he told reporters after meeting Oil Minister Dharmendra Pradhan […]

Still haunted by its failed attempt to prevent a steep drop in oil prices by slashing production by almost three quarters in the 1980s, the world’s top oil exporter Saudi Arabia is determined not to make the same mistake again. The oil glut of the 1980s, the early days of the modern crude market and a distant memory for most traders, has resurfaced recently in conversations with […]

Regal position: escorting the Queen to Ladies Day at Royal Ascot Photo: Rex Features Forget Downton Abbey and Upstairs Downstairs. This week, we have had a glimpse behind the scenes of a real-life royal household, with the news that The Queen has been advertising for someone to remove chewing gum from the floors and furniture at Holyrood House. Her Majesty’s chosen cleaner must be available to prise pink […]

Defiant pro-democracy demonstrators remained on the streets of Hong Kong’s financial center early Monday, after a day of protest-fueled clashes that left at least 38 people injured. Despite calls from organizers for them to return home, many of the protesters continued to jam streets of the business district. The demonstrations, which authorities have intermittently attempted to disperse by force, follow a week of student-led boycotts and protests […]

ACT I. SCENE ONE A hotel in Northern England. Late morning. Ed, a 44-year-old politician, is posing for informal, behind-the-scenes photographs with his wife, Justine. He is due to make a speech in three hours’ time. It is being billed as the most important of his career. ED (talking like a ventriloquist, without moving his lips): Stop staring at my teeth, it’s making me feel self-conscious. JUSTINE […]

By DAVID E. SANGER and ANNE BARNARD September 27, 2014 WASHINGTON — The Pentagon said on Saturday that it had conducted its first strikes against Islamic State targets in a besieged Kurdish area of Syria along the Turkish border, destroying two armored vehicles in an area that has been the subject of a weeklong onslaught by the Islamic State. The action around Kobani, where at least 150,000 refugees have crossed into Turkey, appeared to signify the opening of […]

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