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By Andrea Shalal | BERLIN BERLIN The German government plans to buy six Lockheed Martin (LMT.N) C-130J military transport planes for around 900 million euros ($966 million) starting in 2019 under a joint operating agreement with France, German government documents show. Germany and France first began working on the deal in October and announced broad outlines of their plans in February at a meeting of the NATO […]

Hotpack Packaging Industries, a UAE-based producer and wholesaler of disposable food packaging materials, has announced an investment of £50 million to develop a facility in the UK. The facility in Wrexham, Wales will be equipped with the latest in packaging and manufacturing technologies, the company said in a statement. The announcement was made when Lesley Griffiths, Welsh Government Cabinet Secretary for Environment and Rural Affairs, and Philip […]

Authored by Paul Craig Roberts, I am convinced that the US, and probably the entire Western world, that is, the American Empire, has entered an era in which respect for truth does not exist in public and private institutions. We have been watching this develop for some time. Think, for example, back to August 3, 2002, a recent time in terms of our present predicament, but a […]

Despite another turbulent few days in British politics, the pound is ending the week on a firmer footing. Sterling brushed off the latest bout of Brexit nerves and further worries about a break-up of the UK, closing near $1.24 on Friday. Its revival was aided by a dovish Federal Reserve and a hawkish Bank of England. However, there are still plenty of currency-watchers who see further trouble […]

By Jeff Mason and Andreas Rinke | WASHINGTON WASHINGTON President Donald Trump reiterated his strong support for NATO on Friday and pressed German Chancellor Angela Merkel to meet NATO’s military spending target, in the first face-to-face meeting between the two leaders. The meeting between the leader of Europe’s largest economy and the U.S. president was billed as one that could help determine the future of the transatlantic […]

Jeroen Dijsselbloem, the Dutch finance minister who served as the eurozone’s chief dealmaker during some of the bloc’s biggest crises, may become a high-profile casualty of his national elections, with his Labour party unlikely to remain in government after losing three-quarters of its seats. The drubbing means Mr Dijsselbloem, who has served as eurogroup president for more than four years, may have to relinquish the post before […]

Markets do not have a clue how to handle political populism. They are still frightened of it, even though last year’s populist earthquakes in the UK and US are yet to have the drastic consequences that had been feared, and they cannot gauge its chances of success. This might yet create opportunities for those who can stomach some risk. This was a great week for European stocks, […]

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ROME Italy will host a meeting between European and North African countries next week in a bid to strengthen support for an agreement it struck with Libya to fight people smuggling as migrant arrivals surge. The prime minister of the U.N.-backed government in Tripoli, Fayez al-Seraj, will meet with Italian Prime Minister Paolo Gentiloni and interior ministers from eight European countries including Germany and France on Monday. […]

Credit: Public Domain Slow wi-fi is a source of irritation that nearly everyone experiences. Wireless devices in the home consume ever more data, and it’s only growing, and congesting the wi-fi network. Researchers at Eindhoven University of Technology have come up with a surprising solution: a wireless network based on harmless infrared rays. The capacity is not only huge (more than 40Gbit/s per ray) but also there […]

Friday 13:30 GMT What you need to know ● Dollar index nudges up after hitting five-week low● Short term US bond yields inch higher● Global stocks at record as Wall St gains ground● Oil prices firmer after volatile week● Gold advances towards $1,230 an ounce——————- Hot topic Has the buck bounce run its course? The dollar index (DXY) — a measure of the greenback against a basket […]

Given the collapse of European VIX to record lows, one could be forgiven for thinking that there’s nothing to worry about. However, a one point jump in first-round support for French far-right presidential candidate Marine Le Pen has sparked a notable drop in EURUSD this morning. #presitrack 17/03 MLP 28% (+1)EM 25% (=)FF 20% (+1)BH 12% (-1)JLM 11% (-1)@LesEchos@ORPI_France@radioclassique https://t.co/BSF2m8vxkw pic.twitter.com/icAEaopK7I — OpinionWay (@opinionway) March 17, 2017 […]

By Julia Fioretti | BRUSSELS BRUSSELS Social media companies Facebook Inc, Alphabet Inc and Twitter Inc will have to amend their terms of service for European users within a month or face the risk of fines, a European Commission official said on Friday. U.S. technology companies have faced tight scrutiny in Europe for the way they do business, from privacy to how quickly they remove illegal or […]

Bob Diamond, the former Barclays chief executive, has teamed up with the investment vehicle of the Qatari royal family to launch a bid for Panmure Gordon, the lossmaking stock broker and investment bank. Panmure, whose name dates back more than 140 years, is suffering like many mid-cap brokers from a number of structural challenges, including increased regulation, fewer deals and lower corporate retainers. The deal may be […]

ZURICH Switzerland has rejected a Turkish request for legal assistance in prosecuting a suspect accused of insulting President Tayyip Erdogan, ruling that the comments in question were protected by Swiss free speech provisions. Switzerland helps foreign prosecutors only if the crime they are investigating is a criminal offence in Switzerland as well, and that was not the case here, a spokesman for the Federal Office of Justice […]

Authored by Michael Jabara Carley via The Strategic Culture Foundation, On 10 January 2017 Canadian Prime Minister Justin Trudeau fired his minister of external affairs, Stéphane Dion, and replaced him with Chrystia Freeland, who was then minister of international trade. This cabinet shuffle might not have gotten much public notice except that Dion is a distinguished parliamentarian, former leader of the party and leader of the opposition, […]

By Tom Körkemeier and Shadia Nasralla | BRUSSELS/VIENNA BRUSSELS/VIENNA Turkey has blocked some military training and other work with NATO “partner countries” in an apparent escalation of a diplomatic dispute with EU states, officials and sources said on Wednesday. Turkey was not immediately available to comment, but sources said it had blocked NATO’s 2017 rolling programme of cooperation with non-EU countries, including political events, civilian projects and […]

By Dustin Volz | WASHINGTON WASHINGTON The U.S. government on Wednesday unsealed charges against two Russian spies and two criminal hackers for allegedly pilfering 500 million Yahoo user accounts in 2014, The indictments, announced at a news conference in Washington, represent the first time the U.S. government has criminally charged Russian officials for cyber offenses. The content of at least 30 million accounts were accessed as part […]

JERUSALEM: Israeli ex-defense minister Moshe Yaalon accused Turkish President Recep Tayyip Erdogan on Wednesday of seeking a “neo-Ottoman empire” while warning of growing instability in the Middle East.Yaalon, seeking to build a campaign to become Israel’s next prime minister, spoke of his concerns while addressing regional issues in a meeting with foreign journalists.The ex-minister, forced out of office last year as Prime Minister Benjamin Netanyahu sought to […]

A grand jury in California has charged four people — including two Russian intelligence officers — in a pair of computer hacks against Yahoo that victimised hundreds of millions of consumers, the US Justice Department said on Wednesday. The men penetrated Yahoo’s email accounts, often using “spear phishing” emails, and used information they obtained to access other accounts at Yahoo and Google. Among those targeted were Russian […]

By Andrea Shalal | BERLIN BERLIN The German government is reserving the right to ban Turkish politicians from campaigning in Germany, Chancellor Angela Merkel’s chief of staff said in an interview published on Wednesday, adding it would be a last resort. Turkish President Tayyip Erdogan’s drive for support among Turks living abroad for the April 16 referendum to expand his powers has caused deep strains between Ankara […]

AMSTERDAM Two publicly-funded websites used by Dutch voters to help them decide which party to vote for in their national election were inaccessible on Wednesday, apparently victims of a cyber attack. The sites, “Stemwijzer” and “Kiescompas”, are extremely popular, with nearly half of eligible voters using one or the other in the last national election in 2012. However, most voters use them in the weeks ahead of […]

|By Arabian Post Staff| Kuwait announced it has successfully issued its inaugural dual-tranche $8 billion bond offering into the international debt markets. Notes due in 2022 (the five-year bonds) and for the value of $ 3.5 billion and notes due in 2027 (the 10-year bonds) for the value of $ 4.5 billion. The five-year bond was successfully priced on March 13 2017 at a yield of 2.887%, the 10-year bond […]

It is fitting that just a few hours until the Fed’s second rate hike in two quarters, and one day after Goldman downgraded global stocks to Neutral for the next 3 months, not to mention with the results of the anticipated Dutch election due shortly, that global stocks as well as S&P futures are higher, while crude oil has finally managed to stage a rebound as the […]

By Philip Blenkinsop | AMSTERDAM AMSTERDAM The Dutch began voting on Wednesday in an election seen as a test of anti-immigrant and nationalist feeling, magnified in the last few days by a spat with Turkey, and as one of three polls this year that will gauge the strength of the ties that bind the European Union together. The centre-right VVD party of Prime Minister Mark Rutte, 50, […]

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