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By John Walcott and Matt Spetalnick | WASHINGTON WASHINGTON A proposal the Trump administration is considering to designate Iran’s Islamic Revolutionary Guard Corps a terrorist organisation has stalled over warnings from defence and intelligence officials that the move could backfire, according to officials familiar with the matter. “If you do that, there is no way to escalate, and you would foreclose any possibility of talking to the […]

On Feb. 22, engineers successfully installed ESA’s European Service Module Propulsion Qualification Module (PQM) at NASA’s White Sands Test Facility in New Mexico that was delivered by Airbus – ESA’s prime contractor for the Service Module. The module will be equipped with a total of 21 engines to support NASA’s Orion spacecraft. Source link

European equity funds attracted their largest weekly inflows in more than a year as institutional investors bet on a recovery taking hold across the continent. Investors added $1.1bn to funds investing in European stocks in the seven days to February 22, a haul that nearly matched the inflows of the preceding four weeks combined, according to data from EPFR. This was despite outflows from dedicated French stock […]

Prime Minister awaiting PANA committee conclusions, says it’s up to Police Commissioner to decide whether an investigation should be launched Muscat says decision to investigate Konrad Mizzi lies with Police Commissioner Muscat says decision to investigate Konrad Mizzi lies with Police Commissioner Prime Minister Joseph Muscat said he would wait for the conclusions of the European Parliament’s PANA Committee investigation into the Panama Papers scandal and not […]

If you’ve read the latest headlines about Britain’s tech industry, you’d think the country hadn’t be rocked by the greatest political and economic uncertainty since the Second World War. Not only are UK startups raising record amounts of funding year on year, but tech giants like Amazon are investing and doubling down on the UK economy, as if the mood music was taken straight from a dance scene […]

By Michelle Martin and Thorsten Severin | BERLIN BERLIN German Chancellor Angela Merkel’s conservatives held a narrow opinion poll lead on Friday over the centre-left Social Democrats (SPD), whose support has surged in recent weeks. The Ipsos poll put the conservative bloc at 32 percent while the SPD, enjoying a revival in fortunes since nominating former European Parliament President Martin Schulz as its candidate to replace Merkel, […]

BERLIN All A400M transport plane engines affected by an order from European safety regulators have been inspected and no further cracks were found in their combustion chambers, a spokesman for the European planemaker Airbus (AIR.PA) said on Friday. “All the engines affected have been inspected and this is a unique incident,” Airbus spokesman Florian Taitsch told Reuters. Taitsch said the European Aviation Safety Agency ordered the inspections […]

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By Balazs Koranyi | FRANKFURT FRANKFURT Devastated by the collapse of its iconic wine industry over a century ago, France may have inadvertently discovered the ideal way for central banks to aid an economy in crisis – open up the purse strings. The Great French Wine Blight, caused by an infestation of phylloxera aphids, laid waste to much of the French countryside in the second half of […]

TOKYO Asian shares took a breather on Friday, slipping from 1-1/2-year highs as material shares were hit by sudden falls in copper and other commodity prices while investors assessed Washington’s stance on tax and currency policies. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.5 percent, giving back part of this week’s gains, though it is likely to log its fifth straight weekly advance. […]

Submitted by Daniel Mitchell via The Foundation for Economic Education, Early last month, in a column on my hopes and fears for 2017, I fretted about fiscal chaos in Italy leading to default and bailouts. Simply stated, I fear that Italy, along with certain other “Club Med” nations, has passed the point of no return in terms of big government, demographic decline, and societal dependency. And this […]

By Marja Novak | LJUBLJANA LJUBLJANA Slovenia permitted same-sex marriages for the first time from Friday under a law giving gay couples largely the same rights as heterosexuals though barring them from jointly adopting children. The head of the unit in charge of weddings in Slovenia’s second largest city Maribor, Ksenija Klampfer, told Reuters the first lesbian wedding would take place there on Saturday. “We are very […]

By Darren Staples and Phil Noble | STOKE-ON-TRENT/WHITEHAVEN, England STOKE-ON-TRENT/WHITEHAVEN, England Britain’s opposition Labour Party and the populist UK Independence Party suffered damaging defeats at separate parliamentary by-elections on Friday, raising serious questions about the long-term electoral prospects of both parties. Labour won the Stoke-on-Trent Central seat by a comfortable albeit reduced margin over the anti-European Union UKIP which had fielded its leader and had been hoping […]

LONDON Britain’s ruling Conservatives won a parliamentary by-election in the north-west English region of Copeland on Friday, taking control of a once safe seat held by the opposition Labour Party and the first such gain by a ruling party since 1982. The Conservatives, who had been bookmakers favourites ahead of the vote, won by a margin of more than 2,000 votes from Labour. The vote, which was […]

US and European authorities eased enforcement of new derivatives rules on Thursday less than a week before the standards come into effect, allowing small financial institutions more time to prepare for the wide-ranging reforms. In a series of statements hours apart, supervisory watchdogs bowed to growing concerns of a potential dislocation in the swaps market and hundreds of unprepared pension funds, asset managers and credit institutions likely […]

Rex Tillerson, US secretary of state, struck a conciliatory tone during a visit to Mexico, saying the neighbouring countries had an opportunity to upgrade their economic relationship. After meeting Mexican officials during his second mission as the top US diplomat, Mr Tillerson said the countries had agreed to “seize the opportunity to modernise and strengthen our trade and energy relationship”. His remarks came just after President Donald […]

Selling pressure on French bonds ebbed on Thursday, pushing the yield on the 10-year bond back below 1 per cent, as the prospect of a centrist alliance in the country’s presidential election eased anxiety that far-right candidate Marine Le Pen will win. The decision on Wednesday by independent candidate François Bayrou not to stand in the country’s elections, and instead throw his support behind fellow centrist Emmanuel […]

By Brian Love and Michel Rose | PARIS PARIS France’s presidential race took a new turn on Thursday as opinion polls began to show centrist Emmanuel Macron benefiting from an alliance with a veteran politician that could help him beat the far-right’s Marine Le Pen and win power at the age of 39. Macron, a fresh-faced ex-investment banker who has never held elected office, met his new […]

By John Geddie and Elisabeth O’Leary | LONDON/EDINBURGH LONDON/EDINBURGH The Scottish government is increasingly convinced it can win a new independence referendum and is thinking seriously about calling one next year as Britain exits the European Union, sources close to the Scottish government said. Scotland voted overwhelmingly to stay inside the EU in last June’s referendum, but Britain as a whole voted to leave and British Prime […]

For footloose international money, the safest place to hide in the European financial system may be two-year German debt. The government of Europe’s largest economy not meeting such obligations in euros is as close to inconceivable as things get. The debt is also easy and cheap to trade, which means it can be a market signal of investor angst. The price of such safety set a record […]

Many fear electronic voting machines can be hacked and tampered with. Image: iStock The hacking campaign around the US presidential election, cyberattacks against Ukrain’s power grid, and even the internet crippling Mirai botnet DDoS attack all demonstrate how cyberattacks have grown to threaten the very fabric of society itself, NATO has warned. Citing the impact of high profile incidents like these, Jamie Shea, deputy assistant secretary general […]

PARIS PSA Group’s (PEUP.PA) proposed acquisition of Opel would swiftly create savings and value from the General Motors (GM.N) European division’s turnaround and complementary brands, the French carmaker’s Chief Executive Carlos Tavares said on Thursday. Adding GM’s German Opel British Vauxhall brand would bring new customers reluctant to buy French cars, Tavares told analysts and reporters, while generating savings from shared technical underpinnings. “There is significant complementarity […]

Stainless steel is regaining its shine. After falling victim like many other basic industries to the global commodities downturn, companies that specialise in the rustproof metal are enjoying a change in their fortunes. An upwards spiral in share prices, bigger profits and increased payouts to investors is helping to restore the lustre in this niche of the steel market. “It’s very clear we are now in a […]

Russia is pressing world powers to provide Syria with billions of dollars for reconstruction to bolster its faltering efforts to resolve the Arab state’s six-year conflict. But European and Gulf states, angered by Russia’s military intervention that tilted the war in favour of President Bashar al-Assad, will only contribute if Moscow secures a peace settlement that sets the terms for an eventual political transition, western diplomats say. […]

BANGKOK Thailand’s Supreme Court on Thursday reduced the sentence of a prominent former magazine editor who had been jailed for 10 years for insulting the country’s monarchy, a legal group said. Somyot Prueksakasemsuk was found guilty of publishing two satirical articles defaming the late King Bhumibol Adulyadej in 2010 when he was editor of an anti-establishment magazine. The royal insult law, also known as lese-majeste, is punishable […]

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