After centuries of getting around primarily via horses, many people viewed the first automobiles with apprehension. This newfangled “horseless carriage” was considered too fast and dangerous to ever catch on. In the late 19th century, England even had a law called the Red Flag Act, which required self-propelled vehicles to be led at walking pace by someone waving a red flag. In 1895, the New […]
By Toby Sterling and Joshua Franklin | AMSTERDAM/ZURICH AMSTERDAM/ZURICH Swiss bank Credit Suisse (CSGN.S) has been dragged into yet more tax evasion and money laundering investigations, after a tip-off to Dutch prosecutors about tens of thousands of suspect accounts triggered raids in five countries. Coordinated raids began on Thursday in the Netherlands, Britain, Germany, France and Australia, the Dutch office for financial crimes prosecution (FIOD) said on […]
By Robin Emmott and Alastair Macdonald | VALLETTA/BRUSSELS VALLETTA/BRUSSELS The European Union offered Britain talks this year on a future free trade pact but made clear in negotiating guidelines issued on Friday that London must first agree to EU demands on the terms of Brexit. Those include paying tens of billions of euros and giving residence rights to some 3 million EU citizens in Britain, the proposed […]
DUBAI // Children in the UAE are at low risk from the measles outbreak sweeping southern Europe thanks to a stringent national immunisation programme, doctors said. This week, the World Health Organisation warned that the disease was spreading fast wherever immunisation coverage had dropped, and particularly in Italy and Romania. In January, Italy reported more than 200 cases, while Romania reported more than 3,400 cases and 17 […]
There ends a third and perhaps final attempt to unite the London Stock Exchange Group and Deutsche Börse. Do they remain independent or prizes for rivals? One supposed reason for the deal was that without it both the LSE and Deutsche Börse viewed themselves as takeover targets. Now we are about to see whether that is truly the case. There are only three other global operators with bigger equity […]
ISLAMABAD: The Supreme Court of Pakistan is expected to announce much awaited judgment in the Panama Papers case by mid-April, Geo News reported on Thursday. A five-member larger bench of the Supreme Court hearing the case of Panama Papers had concluded hearing on February 23, and the final judgment was reserved. Headed by Justice Asif Saeed Khosa, the larger bench comprises Justice Ejaz Afzal Khan, Justice Gulzar Ahmed, […]
Politics & Economics British Prime Minister Theresa May has outlined her desire for a trade deal with Qatar once the UK leaves the European Union She told an investment conference in Birmingham that Britain wants to work more closely with the Gulf state on defence, education and financial services. (Source: Al Jazeera English YouTube channel) Source link
LONDON Britain will tell Google, Facebook, Twitter, and Microsoft on Thursday to do more to stop extremists posting content on their platforms and using encrypted messaging services to plan attacks. Home Secretary Amber Rudd said on Sunday tech companies should stop offering a “secret place for terrorists to communicate”, after British parliament attacker Khalid Masood was widely reported to have sent encrypted messages moments before he killed […]
Authored by Konstantin Richter via Politico.eu, Last weekend, European leaders gathered in Rome for the 60th anniversary of the Treaty of Rome. They discussed, not for the first time, how to get the EU back on track. And they told each other they are still committed to the Union and believe in its future. (We’ve heard that one before, too.) But let’s just suppose that, when the […]
Born in Sheffield, British chef Jason Atherton ran away from home at 16 to pursue a life in food. Early in his career, he trained with chefs such as Pierre Koffmann and Marco Pierre White. In 2001, he joined the Gordon Ramsay group and opened Ramsay’s restaurant Verre at the Hilton Dubai Creek. He returned to the UK in 2005 to open another Ramsay restaurant, but by […]
Two people were arrested in the British city of Birmingham on “suspicion of terrorism offences” on Wednesday, West Midlands police said in a statement. The arrests were not in any way connected to last week’s Westminster attack and there is no risk to public safety, the regional police force added. The man and woman who were arrested, aged 21 and 23, were detained under “terrorism legislation” on […]
British and US bans on laptops and tablet computers in flight cabins are not sustainable in the long term, the head of the association representing airlines said Tuesday. “The current measures are not acceptable as a long-term solution to whatever threat they are trying to mitigate,” said Alexandre de Juniac, director general of the International Air Transport Association. “Even in the short term, it is difficult to […]
By Elizabeth Piper | LONDON LONDON After nine months of preparation, bitter public argument and a battle with parliament, British Prime Minister Theresa May is launching talks with the European Union armed with a plan she hopes will secure a better divorce deal than many expect. But what is it? Although May has published a policy document outlining a 12-point approach to the talks that will reshape […]
LONDON Britain’s financial sector is drawing up proposals on how it could still serve EU clients after Brexit, even as firms begin establishing new operations on the continent to keep access to the European market. Regulatory and banking experts working for the City of London and lobby group TheCityUK are basing their ideas on a ‘mutual recognition’ system. Under this, the European Union and Britain would broadly […]
By Michel Rose and Sudip Kar-Gupta | PARIS PARIS Former French Prime Minister Manuel Valls said on Wednesday he would vote for Emmanuel Macron in the presidential election, the biggest Socialist Party name to date to turn his back on its official candidate and support the centrist instead. While it was not clear if the defection would benefit poll favourite Macron, who politely thanked Valls, it prompted […]
Legendary fashion designer Elie Saab has joined forces with British brand The Rug Company on a collection inspired by his signature design elements: femininity, luxury and modernity. Drawing on his personal passion for architecture and interiors, Saab created three modern rug designs that revolve around themes such as foliage, floral motifs, texture and abstraction. One of the designs, In Bloom, features oversized florals in shimmering silk tones […]
By Guy Faulconbridge and Elizabeth Piper | LONDON LONDON Prime Minister Theresa May will file formal Brexit divorce papers on Wednesday, pitching the United Kingdom into the unknown and triggering years of uncertain negotiations that will test the endurance of the European Union. Nine months after Britons voted to leave, May will notify EU Council President Donald Tusk in a letter that the UK really is quitting […]
Dubai-based investment bank Arqaam Capital is launching a globally focused hedge fund, it said on Monday, becoming one of only a handful of local firms to offer such a product. Although Dubai has been growing rapidly as a banking centre, the local fund management industry has largely confined itself to traditional equity and fixed income funds which focus on the Middle East region. Areski Iberrakene, who will […]
SYDNEY Asian shares inched ahead on Wednesday while the dollar and commodities rallied as investors shook off disappointment about U.S. President Donald Trump’s failed healthcare bill and focused on an improving outlook for global growth. The cheerful mood did not extend to the pound which was on the skids as the British government sent a letter to Brussels formally starting the country’s exit from the European Union. […]
Overseas companies that invest in the UK issued a flurry of warnings on Tuesday about the threat Brexit poses to their businesses, signalling their growing concern as the UK prepares to start the formal process of leaving the EU. Forty European business lobbies, representing 20m companies in 34 countries, issued a statement calling for a post-Brexit settlement which would preserve the integrity of the single market, deliver […]
The triggering this week of Article 50 of the Lisbon treaty to facilitate Britain’s exit from the EU is undoubtedly a momentous event. At issue in the forthcoming talks will be whether Britain can win back control over immigration and lawmaking without wrecking trade relations in its biggest market and damaging London’s status as the pre-eminent international financial centre. A minimum of two years of difficult and […]
By Francesco Guarascio and Tom Körkemeier | BRUSSELS BRUSSELS European Union lawmakers want to tell Britons they can change their minds and stay in the EU after Prime Minister Theresa May triggers a two-year Brexit countdown on Wednesday. The European Parliament is drafting a resolution to respond to May’s notice of withdrawal under Article 50 of the EU treaty. Senior lawmakers said it would stress London could […]
A Delhi businessman figured in the Panama papers has for over decade “represented” an Italian currency paper firm which has got several supply contracts in India including emergency contracts after demonetization. Citing fresh leads from Panama papers, The Indian Express reported that Delhi-based businessman Satya Prakash Gupta represented the Italian currency paper major Fabriano, which was among the nine companies that got contracts for emergency currency-paper supplies […]
PARIS Francois Hollande’s election as president in 2012 was supposed to herald a new dawn for French socialism after 17 years of right-wing rule, but by June his party could be struggling to survive. Weeks before the start of an election to pick France’s next president, the ruling bloc is in tatters. Socialist Party (PS) nominee Benoit Hamon is floundering after adopting a hard-left programme that alienated […]
