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 […]
THE DEAD SEA, Jordan: European Union High Representative Federica Mogherini on Wednesday said the EU and the Arab region are “going through years of suffering. Peace and reconciliation can only come through a truly collective and cooperative approach.”Addressing Arab leaders at the Arab Summit, Mogherini said no regional or global power alone holds the key to stabilizing the Middle East or North Africa.“Peace… requires everyone’s constructive contribution,” […]
By Byron Kaye and Jeremy Wagstaff | SYDNEY/SINGAPORE SYDNEY/SINGAPORE The big data company credited with helping Donald Trump win the U.S. presidency has registered a company in Australia and plans to meet the country’s ruling conservative Liberal Party next week, according to documents and a government official. Cambridge Analytica, which has also said its “psychographic” methods helped the successful campaign for Britain to leave the European Union, […]
Europe became the main target for cross-border dealmaking in the first quarter of 2017, as US companies rode a Donald Trump-fuelled equity rally to hunt for bargains across the Atlantic. Mergers and acquisitions in Europe hit $215.3bn in the quarter, up 16 per cent compared to the same period a year ago. That marks the strongest start to the year for deals in the region since 2008, […]
TOKYO Asian shares edged up to near their highest in two years on Thursday, while the dollar benefited from waning expectations that the European Central Bank was poised to end its easy policy. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was 0.2 percent higher in early trade, pushing against its loftiest levels since June 2015. Japan’s Nikkei stock index .N225 was down 0.2 percent, while […]
A wonderful skyscraper is getting ready and will hang like a fruit above the Earth. Analemma Tower, proposed to be the world’s tallest building, will be a marvel in motion, as it comes pointing to Earth. Its residents will be going over a world tour above the world’s top cities at an altitude of more than 30, 000 miles. What makes the skyscraper so special is that it […]
By Francesco Guarascio | BRUSSELS BRUSSELS The European Parliament said in a draft position paper on Wednesday that Brexit can be revoked. The draft, seen by Reuters on the day that Article 50 on Britain’s leaving the European Union was invoked also said there should be transitional arrangements to smooth the divorce but no more than three years. London-based EU agencies, the European Banking Authority and the […]
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 Ali Sawafta and Suleiman Al-Khalidi | DEAD SEA, Jordan/AMMAN DEAD SEA, Jordan/AMMAN Arab leaders reaffirmed on Wednesday their commitment to a two-state solution to the decades-long Arab-Israeli conflict amid increased unease over the stance of the United States under the new administration of President Donald Trump. Trump rattled Arab and European leaders in February by indicating he was open to a one-state solution, upending a position […]
The World Health Organization revealed in a statement issued on Tuesday, March 28, of high number of measles cases that were reported in the European region. The agency issued a warning as measles outbreaks hit countries in Europe that have suffered from drop in immunization rates. Over 500 cases of the infectious disease were reported across Europe in January this year. Highly Contagious Measles Measles is a […]
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 […]
After nine months’ gestation, the Brexit process has started. Both sides of the referendum have political points; Brexiters can say the UK economy is growing and there has been no market implosion, while Remainers can say UK assets have drastically underperformed the rest of the world, and the costs of the historic sterling devaluation are yet to be counted. Now, it is time to work out what […]
Wednesday 04:40 GMT Overview Asian markets were mixed, with energy stocks benefiting from a recovery in crude oil prices, while the UK pound dropped after Prime Minister Theresa May dispatched the letter that will trigger Britain’s exit from the EU. Hot topic The pound weakened 0.3 per cent to $1.2409 in Asia trade, bringing its losses over the past two sessions to 1.2 per cent, in response […]
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. […]
Even 10 minutes of daily high-intensity physical activity could help some children reduce the risk of developing heart issues and metabolic diseases such as diabetes, according to a new study. The research found that by replacing low-intensity activity with short periods of vigorous exercise could be beneficial for young overweight people who report a higher insulin level in the blood. The international study was carried out by a […]
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 […]
After the biggest downturn in a generation, there are reasons to think the worst of the commodities slump might be over. The Financial Times’s Commodities Global Summit began on Tuesday in Lausanne, Switzerland. Here are the main talking points from the first day. There was no shortage of talk on Opec, which in November agreed its first reduction in supply in almost a decade. Executives from some of the world’s […]
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 […]
The former chief financial officer of Rupert Murdoch’s Fox News Channel has been offered immunity from prosecution by government lawyers investigating payments to women allegedly harassed by Roger Ailes, the network’s former chairman, according to people briefed on the case. Mark Kranz was CFO of Fox News from 2004 until last year, leaving the channel shortly after Mr Ailes was pushed out by its parent company, 21st […]
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 […]
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 […]
ANKARA Turkey was warning Europe not to interfere in a referendum next month on changing the constitution and expanding President Tayyip Erdogan’s powers, Prime Minister Binali Yildirim said on Tuesday, adding Europe should “mind its own business”. The issue of the referendum has already badly strained relations between Turkey and several European countries, including Germany and the Netherlands, after they banned Turkish ministers from campaigning in their […]
Cuban president Raúl Castro is preparing to step down next year, Venezuela has cut millions of dollars in aid and Donald Trump’s election has cast a shadow over the nascent US-Cuba detente. Unnerved by the changes, Havana’s domestic reform drive has ground to a halt as the Communist party battens down the hatches. Marino Murillo, the senior official leading Cuba’s reforms, has not been heard in public […]
