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By Francesco Canepa and Gernot Heller | WASHINGTON WASHINGTON Global economic leaders on Friday continued downplaying possible friction with the Trump administration over currencies, trade and other potentially contentious issues, even while acknowledging that much about the U.S. president’s plans remains unclear. On a day when Donald Trump himself seemed focused on domestic matters – promising a new U.S. tax plan next week and announcing reviews of […]

By Roberta Rampton and Colin Packham | SYDNEY SYDNEY Denuclearisation of the Korean peninsula can still be achieved peacefully because of Washington’s new engagement with China, U.S. Vice President Mike Pence said on Saturday, despite growing fears North Korea could soon conduct a new nuclear test. South Korea is on heightened alert ahead of another important anniversary in the reclusive North that could be the trigger for […]

SYDNEY U.S. Vice President Mike Pence said on Saturday the United States would honour a controversial refugee deal with Australia, under which the United States would resettle 1,250 asylum seekers, a deal President Donald Trump had described as “dumb”. Pence told a joint news conference with Australian Prime Minister Malcolm Turnbull in Sydney that the deal would be subject to vetting, and that honouring it “doesn’t mean […]

Two pillars — Trump and China — have supported a bounteous few months for global portfolio investors. But the hope invested in both is starting to fade, casting a bearish tinge over what nevertheless remains a largely optimistic picture. In the case of Donald Trump, expectations that the US president would act swiftly to push though tax reforms, deregulation and bold infrastructure investments are starting to ebb […]

Your daily guide to community and cultural activities across the Emirates for April 22, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Al Ain Concert Get tickets […]

After a surly first conversation between the two leaders in January that rattled the United States and Australia’s long-standing alliance, Pence will take a more amiable approach and try to focus on cooperation on trade, defence and more. Trump reportedly exploded and cut short the call when he was told about a deal to move some refugees from Australia to America. That left some in Australia questioning […]

MOSCOW Russia’s Federal Security Service said on Friday that a gunman had burst into one of its regional offices in the far east of the country and opened fire, killing one of its employees and a visitor. The region where the incident happened is close to China. The FSB, the successor organisation to the Soviet KGB, said the attacker had been killed and that another person had […]

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Honeywell International Inc (HON.N) said on Friday its commercial aviation after-sales business was benefiting from robust air travel, while its energy division was getting a lift from stable oil prices, sending shares to a record high. The diversified U.S. manufacturer’s shares rose as much as 3.6 percent to $128.30 in afternoon trading. Honeywell, which made an unsuccessful bid for rival United Technologies Inc (UTX.N) last year, also […]

Tens of millions of iPhone owners are ready to upgrade to 2017 iPhones, fueling the so-called iPhone “supercycle,” market research firm comScore reports. Apple has always enjoyed a loyal fan base and each new product iteration attracts many existing customers looking to upgrade to the latest and greatest. A new report from comScore now reveals that tens of millions of legacy iPhone owners are looking to upgrade […]

BEIJING/SHANGHAI China must work more closely with journalists and non-government bodies to expose incidents of water pollution, an official said on Friday, after activists this week discovered two untreated cesspits filled with hazardous industrial waste. The call for a greater role for non-government organisations (NGOs) in holding polluters to account comes just when China has sought to put such groups under tighter scrutiny, amid a broader push […]

SYDNEY U.S. Vice President Mike Pence is expected to discuss trade and regional security when he meets Australian Prime Minister Malcolm Turnbull on Saturday, Australian officials said. Pence arrives in Australia late on Friday for the last stop on his 10-day tour of U.S. allies in the Asia-Pacific region that has included a series of roundtables with leading business executives in South Korea, Japan, and Indonesia. His […]

TOKYO Japanese Prime Minister Shinzo Abe on Friday sent an offering to a controversial shrine to Japan’s war dead seen in China and the two Koreas as a symbol of Japan’s past militarism, a move likely to spark protest, Kyodo news agency reported. The offering at the Yasukuni Shrine spring festival came as Japan seeks greater cooperation with China and South Korea in the face of rising […]

The narrative of shiny Silicon Valley topping decrepit Detroit in the race to develop self-driving cars has become a recurring theme in recent years. Just as tech companies have reinvented (dare we say, disrupted?) everything from telephones to how we consume music, the thinking goes, so too will they leave traditional automakers in the dust when it comes to autonomous cars. While it’s true that […]

WASHINGTON The United States is aware of a higher-than-usual level of activity by Chinese bomber planes, signalling a possible heightened state of readiness, U.S. officials told Reuters on Thursday, but downplayed concerns and left open a range of possible reasons. None of the officials, who spoke on condition of anonymity, suggested alarm or signalled that they knew the precise reason for such Chinese activity. Those possibilities include […]

By David Lawder | WASHINGTON WASHINGTON World financial leaders gathered in Washington on Thursday with pledges to work with U.S. President Donald Trump to fix lingering trade problems while vowing to keep their commitments to free trade and global integration. Worries over Trump’s approach to trade, taxes, financial regulation and climate change clouded the start of the International Monetary Fund and World Bank spring meetings, even amid […]

The US has set the stage for a global showdown over steel, launching a national security investigation that could lead to sweeping tariffs on steel imports in what would be the first significant act of economic protectionism by President Donald Trump.  The decision to use a 1962 law allowing the US government to limit imports that threaten its security readiness is intended to deliver on Mr Trump’s […]

The biggest risk, critics say, is that Mr. Trump will talk himself into a war. Only slightly less dangerously, he could weaken the nation’s standing by backing off from a threat to use force. Continue reading the main story “In Beijing, Moscow, Tehran, they are recalibrating their strategies — you can’t deny it — because they don’t have any idea of how Trump will respond,” said Senator […]

By Jake Spring | SHANGHAI SHANGHAI When Chinese automaker GAC Motor was preparing to enter the United States market it foresaw challenges in product localization and regulation, but didn’t see any issue with the name of its flagship brand, Trumpchi. Executives at the firm and its parent Guangzhou Automobile Group (601238.SS) say they may now change the Trumpchi brand – which was meant to sound like its […]

By Roberta Rampton | JAKARTA JAKARTA U.S. Vice President Mike Pence toured Southeast Asia’s largest mosque on Thursday during a visit to Indonesia, calling the Muslim-majority nation’s tradition of following a moderate form of Islam “an inspiration to the world”. Pence, an evangelical Christian, has sought to use his trip to soften some of the harsher edges of rhetoric about the Muslim world used by U.S. President […]

By Adam Jourdan | SHANGHAI SHANGHAI German sports apparel brand adidas AG (ADSGn.DE) expects its huge operating margin in China to shrink slightly in the long term, while its small U.S. margin grows markedly in the near term, its new chief executive officer said on Thursday. Kasper Rorsted, on his first visit to China since taking the helm in September, said adidas’ margin in Greater China of […]

MANILA Russian navy vessels arrived in the Philippines on Thursday for joint exercises as part of a drive for new security ties under President Rodrigo Duterte’s revamped foreign policy of courting the traditional foes of Manila’s top ally, Washington. The guided-missile cruiser Varyag, accompanied by the fuel tanker ship, Pechenge, are on a four-day goodwill visit to the Philippines, the second port call by Russian warships in […]

BEIJING Britain will lose more than the European Union from its decision to leave the bloc, the EU’s top diplomat said on Thursday, and talks with London were expected to be difficult. Prime Minister Theresa May formally began Britain’s divorce from the EU last month, declaring there was no turning back, ushering in a tortuous exit process that will test the bloc’s cohesion and pitch her country […]

BEIJING China has issued stricter regulations requiring officials to report personal information, including assets, to the ruling Communist Party, state media said, in the country’s latest effort to tackle corruption. China’s President Xi Jinping sees extravagance and corruption as an existential threat to the party, whose authority is in part predicated on its ability to spread the gains of China’s growth fairly among the Chinese people. His […]

SEOUL U.S. Secretary of State Rex Tillerson said the United States was looking at ways to pressure North Korea over its nuclear programme as North Korean state media warned the Americans of a “super-mighty preemptive strike”, saying don’t “mess with us”. U.S. President Donald Trump has taken a hard line with North Korean leader Kim Jong Un, who has rebuffed admonitions from sole major ally China and […]

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