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DUBAI Amazom.com (AMZN.O) has agreed to acquire Middle East online retailer Souq.com, [IPO-SOUQ.DU], the two companies said in a joint statement on Tuesday. The value of the deal was not disclosed. “By becoming part of the Amazon family, we’ll be able to vastly expand our delivery capabilities and customer selection much faster, as well as continue Amazon’s great track record of empowering sellers,” said Souq.com’s co-founder, Syrian-born […]

Dawn is the time to see Angkor Wat. Waiting in the dark as the exquisite 11th-century temple is conjured out of the Cambodian jungle feels ridiculously thrilling. As the sun rises above the tall, minutely carved, lotus-like towers, and the ornate magnificence of the buildings is reflected in the great ornamental lakes, you get a sense of how 19th-century French explorer Henri Mouhot must have felt when […]

Tuesday 08:45 GMT What you need to know ● Markets recovering their poise after “Trump trade” wobble● S&P 500 futures higher and helping European to open on the front foot ● Energy stocks underpinning bourses as oil prices gain ground● Dollar steadies after sliding to four-month lows, Treasury yields nudge up● Gold prices ease back as haven flows dwindle——————- Hot topic Investors are rediscovering their risk appetite […]

PARIS Centrist candidate Emmanuel Macron is expected to win France’s presidential election, according to an Ipsos Sopra Steria poll released on Tuesday – the latest of many surveys showing the 39-year-old Macron as frontrunner. The poll said that if the election were held next Sunday, far-right leader Marine Le Pen would have the most votes in the first round, at 25 percent, compared to 24 percent for […]

SEOUL South Korea’s family-run conglomerates are facing calls for a shakeup in their governance from a leading candidate in May’s presidential election, following the ouster of former President Park Geun-hye in a burgeoning influence-peddling scandal. The conglomerates known as chaebol have come under the reform buzz saw before, only to emerge bigger and stronger than ever. The country’s four biggest chaebol groups account for around half the […]

Democracy Fund and First Look Media on Monday announced $9 million in funding to bolster an independent free press split evenly between three newsrooms: ProPublica, the Center for Public Integrity and the Center for Investigative Reporting. Democracy Fund and First Look Media are also committing an additional $3 million to support independent in vigorous journalism. It includes: The Knight Prototype Fund aimed at combating misinformation will receive […]

27 March 2017 Minor Hotels (MH), a hotel owner, operator and investor, currently with a portfolio of 155 hotels and resorts in 24 countries across Asia Pacific, the Middle East, Europe, South America, Africa and the Indian Ocean, has announced the signing of a management agreement for a new AVANI property in the United Arab Emirates – AVANI Al Marjan Island Ras Al Khaimah Resort. Al Marjan […]

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European governments and related organisations have ramped up their sales of new debt this year, in the latest sign of bond markets bracing for rises in interest rates and an increase in political risks. Overall borrowing from eurozone sovereigns, local authorities, agencies and supranationals such as the European Investment Bank is currently at €210bn — the highest year-to-date amount since 2012, Dealogic data show, and the second-highest […]

March 27, 2017 by: Roger Blitz in London and Eric Platt and Robin Wigglesworth in New York Financial markets shuddered on Monday as investors absorbed the collapse of US healthcare reform last week, with some fearing pro-growth policies like tax reform could be stymied by government inaction and a Republican party in disarray. Global stocks retreated, US banks slid into correction and the dollar index fell to […]

By Matt Spetalnick | WASHINGTON WASHINGTON Israeli Prime Minister Benjamin Netanyahu said on Monday he was committed to working with U.S. President Donald Trump to advance peace efforts with the Palestinians and with the broader Arab world. Netanyahu made the pledge in a speech to the largest U.S. pro-Israel lobbying group at a time when the Trump administration is seeking agreement with his right-wing government on limiting […]

WASHINGTON The Senate Intelligence Committee is seeking to interview President Donald Trump’s son-in-law, Jared Kushner, as part of its investigation into ties between Trump associates and Russian officials, a congressional official said on Monday. The official, speaking on condition of anonymity, confirmed a New York Times report that the panel wants to question Kushner. The official said the committee will make an announcement later in the day. […]

The US stock market’s shifting reaction to the inability of Donald Trump and the House of Representatives to repeal Obamacare belies the much bigger question the failure raises for Wall Street: can this administration steer corporate tax cuts through Congress? This matters because the expectation that American companies will enjoy smaller tax bills has helped fan a 10 per cent gain for the S&P 500 since the […]

SEOUL A South Korean court will hold a hearing on Thursday to decide whether to arrest ousted president Park Geun-hye and hold her in a cell for up to 20 days while she is investigated on charges of taking bribes and abusing presidential power. Park, 65, became South Korea’s first democratically elected president to be removed from office when a constitutional court upheld her parliamentary impeachment this […]

Prosecutors in South Korea are seeking an arrest warrant for former president Park Geun-hye for her alleged role in a sprawling corruption scandal that triggered her impeachment earlier this month. “The issues are grave . . . the defendant has abused her status and power to extract funds from companies, impinged on corporate freedoms and leaked state secrets,” said a statement by the prosecutors on Monday. “It is unfair not to […]

In July 2011 an unusual fascination had gripped some members of New York’s financial community. Walk into a Manhattan office expecting to discuss the US stock market with an investor who exclusively backed equity hedge funds, and they instead had Italian government debt on the brain. Selling short bonds of the eurozone’s third-largest economy had become so popular that non-debt specialists had started to notice, and rising […]

The Australian government’s National Broadband Network (NBN) company is linking up rural residents to satellite services even where towns have existing fixed-line communications infrastructure, according to the Northern Territory government, which has also criticised the installation delays, service dropouts, and usage caps on the service. “The Australian government’s current position is that areas outside the major cities and towns, including all remote communities in the Northern Territory, […]

By Jessica Toonkel and Jennifer Ablan U.S. equity index futures fell to a six-week low on Sunday in a sign Wall Street would start the week defensively after Republicans pulled legislation to overhaul the U.S. healthcare system in a stunning setback for President Donald Trump. S&P 500 e-mini futures ESv1 were down over 0.65 percent, shortly after electronic trading resumed on Sunday evening. Volume of more than […]

By Doina Chiacu | WASHINGTON WASHINGTON Roger Stone, a longtime ally of President Donald Trump, said on Sunday he has offered to testify before a congressional committee investigating possible Russian meddling in the 2016 presidential election and ties to the Trump campaign. Stone, an informal adviser to Trump, told ABC’s “This Week” he had not received a reply from the House of Representatives intelligence committee on his […]

Angela Merkel gained a surprise boost to her hopes of retaining power in September’s German parliamentary vote when her Christian Democrat party confounded pollsters with a big victory in a closely watched regional election. Her main challenger, the new Social Democrat leader Martin Schulz, suffered his first serious setback as the SPD failed to turn recent opinion poll gains into electoral success in the gritty industrial region of […]

BELFAST Northern Ireland could be set for a fresh election or a return to direct British rule of the province after one of the two main parties negotiating to form a new government said on Sunday that talks had run their course without success. The British province’s nationalist and unionist parties have until Monday to form a new power-sharing government following snap elections this month or risk […]

Konrad Mizzi (left) is the fourth district’s frontrunner, followed by Chris Fearne (right). Konrad Mizzi is still the Labour Party’s frontrunner on the fourth electoral district despite his involvement in the Panama scandal, according to an internal survey conducted by other candidates on the district. As the battle heats up for Labour’s three safe seats in its stronghold, the survey, seen by this newspaper, shows Dr Mizzi […]

By Maria Sheahan and Hakan Erdem | BERLIN/SAARBRUECKEN, Germany BERLIN/SAARBRUECKEN, Germany Chancellor Angela Merkel’s conservatives strengthened their position as the largest party in the western state of Saarland in a regional vote on Sunday, bolstering her prospects of winning a fourth term in September’s national election. The election was the first of three regional votes ahead of the Sept. 24 federal vote and as such offered an […]

Hours before the Republicans’ healthcare overhaul was defeated on Friday, the US Treasury secretary was sounding an upbeat note about another element of President Donald Trump’s agenda — tax reform. Healthcare is complicated, Steven Mnuchin declared at an event in a Washington art gallery. Tax reform, he said, is much more straightforward.  That bold assertion will be tested sooner than expected, as Mr Trump has signalled he […]

By Inmaculada Sanz | MADRID MADRID An influential regional leader in Spain’s Socialist party, Susana Diaz, threw her hat in the ring on Sunday to lead the centre-left force before a primary that could hold the key for the country’s political stability. Diaz, seen as more amenable to striking deals with the government, will face a more leftist rival, Pedro Sanchez, who tried to block Rajoy’s return […]

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