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By Laurence Frost and David Milliken | PARIS/LONDON PARIS/LONDON The chief executive of Peugeot manufacturer PSA Group (PEUP.PA) will meet British Prime Minister Theresa May to discuss his firm’s planned acquisition of General Motors’ (GM.N) Opel and Vauxhall operations, a government spokesman said on Saturday. Both Britain and Germany fear PSA will cut jobs if the takeover goes ahead, and British politicians are particularly concerned that the […]

February 18, 2017 by: Peter C ampbell, Motor Industry Correspondent Theresa May has agreed to meet PSA chief executive Carlos Tavares to discuss the French carmaker’s proposals to buy General Motors’ European operation Opel, which includes Vauxhall. Downing St confirmed the prime minister’s involvement as talks between PSA, the owner of Peugeot and Citroen brands, and GM move towards a conclusion, which is expected in the next […]

Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. So what if Donald Trump strong-armed media advertisers in the same way he’s trying to get companies to keep jobs in the United States? The subject was broached by a faraway observer after Trump’s angry and rambling anti-press rhetorical screed […]

Two weeks ago, German finance minister Wolfgang Schauble confirmed Donald Trump’s charge that the Euro is far “too low” for Germany, but said he is unable to do anything about it and instead blamed Mario Draghi. “The euro exchange rate is, strictly speaking, too low for the German economy’s competitive position,” he told Tagesspiegel on February 5. “When ECB chief Mario Draghi embarked on the expansive monetary […]

By Thomas Escritt | SPIJKENISSE SPIJKENISSE Geert Wilders launched his election campaign on Saturday, promising to crack down on “Moroccan scum” he said were making the streets unsafe and urging the Dutch to “regain” their country with a vote for his anti-Muslim, anti-EU Freedom Party. Wilders was surrounded by police and security guards during a walkabout in his party’s stronghold of Spijkenisse, part of the ethnically diverse […]

LONDON Britain has offered Peugeot manufacturer PSA Group (PEUP.PA) assurances on post-Brexit trade and supply chains in an attempt to protect Vauxhall car plants after a possible takeover, the Financial Times reported on Saturday. Business minister Greg Clark met French politicians and PSA executives in Paris on Thursday to discuss their plan to buy General Motors’ (GM.N) European unit, Opel, which include Vauxhall plants in Britain. The […]

MUNICH Russia was behind a false report of a rape by German soldiers in Lithuania that was intended to undermine support for NATO’s new eastern force, a senior NATO general said on Saturday, warning Europe to expect more such “fake news”. Petr Pavel, who heads NATO’s military committee, said he also hoped to hold the first telephone call in more than two years with Russia’s military chiefs […]

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She added, “Saloua Raouda Choucair is an extraordinary new name.” Two years later the CRG Gallery in Manhattan organized Ms. Choucair’s first solo show in the United States. Profoundly affected by Alzheimer’s disease, she was unable to attend either one or enjoy her belated success. “All the timings were wrong with my mother, so I’m not surprised this happened so late,” her daughter told The International Herald […]

Michigan Republicans are reportedly mulling a Senate run for heartland heartthrob Kid Rock, a country and rock star, who loves to “sit in the backyard sun and drink beer with dad,” according to his autobiographical song, “Drinking Beer With Dad.” Once unthinkable, Kid Rock for Senate is hardly unthinkable now: A professional wrestler has served multiple terms as governor of Minnesota, Christine “I dabbled in witchcraft” O’Donnell […]

By Thomas Escritt | AMSTERDAM AMSTERDAM Geert Wilders kicks off his election campaign on Saturday, promising to ban Muslim immigration and close all the mosques in the Netherlands, hoping a global upsurge in populism will propel him to power. Security will be tight at the launch as the politician – who has lived in hiding since the 2004 murder by an Islamist of Dutch filmmaker Theo van […]

DIYARBAKIR (Story corrects paragraph 5 to show conflict flared up again in 2015 not last year.) A car bomb exploded in the garden of a housing complex in Turkey’s southeastern town of Viransehir on Friday, killing a child and wounding 17 other people, the provincial governor’s office told Reuters. Initial findings showed that an unidentified individual thought to be between 18 to 20 had parked the car […]

Current economic conditions around the world provide a good foundation for growth. But unprecedented levels of market uncertainty mean that organizations have to be ready to change strategy faster than ever before. Growth around the world In the US, President Donald Trump has inherited an economy with strong fundamentals: low inflation, and the lowest unemployment rate since 2007. He has promised a pro-business economic agenda with lower […]

LONDON London will introduce a charge on the oldest and most polluting vehicles from October in a new effort to improve air quality, Mayor Sadiq Khan said on Friday. Called the T-charge, the 10-pound ($12.43) daily tax will apply to diesel and petrol vehicles typically registered before 2006 which do not meet the so-called “Euro 4” 2005 European directive to regulate vehicle emissions. The new charge will […]

FIFA President Gianni Infantino said on Thursday he intends to encourage co-hosting for the 2026 soccer World Cup that could divide the tournament up between as many as four countries. “We will encourage co-hosting for the World Cup because we need FIFA to show we are reasonable and we have to think about sustainability long-term,” Infantino said. “(We could) …maybe bring together two, three, four countries who […]

By Roberta Rampton | WASHINGTON WASHINGTON U.S. Vice President Mike Pence will seek on Saturday to soothe allies unnerved by his boss’ unorthodox statements on Russia and NATO as he stresses America’s commitment to Europe during the first major foreign address for the Trump administration. Pence will tell the annual Munich Security Conference that Europe is an “indispensable partner” for the United States, a message he will […]

The welcome I have booked a hotel transfer for the two-hour drive from Muscat International Airport up into the Hajar Mountains, and it’s a great relief to settle back into a comfortable new Lexus four-wheel drive, equipped with entertainment screens, snacks and drinks, and relax until we get there. By the time we arrive at the hotel, it’s dark, but the entrance and interior courtyards are pleasantly […]

Europe’s fish lovers are facing higher cod prices because of a prolonged fishing strike in Iceland and increased demand after the rising cost of salmon led shoppers to seek alternatives. Norwegian cod prices have risen almost 30 per cent from a year ago to €2 a kilogramme after a 45 per cent rise in salmon prices over the same period led consumers to look for cheaper substitutes. […]

MUNICH, Germany European Commission President Jean-Claude Juncker said on Thursday that Europe must not cave in to U.S demands to raise military spending, arguing that development and humanitarian aid could also count as security. U.S. President Donald Trump has raised questions about his commitment to the NATO defence alliance if European countries do not raise defence spending to 2 percent of economic output. The United States puts […]

Ten years ago Vladimir Putin angrily declared that the post-cold war order was a sham. Standing before the western military and diplomatic establishment at the Munich Security Conference, the Russian president accused the US of plunging the world into chaos by warmongering, meddling in other countries’ affairs and disregarding international law. For many, it marked the moment that Mr Putin became an adversary. Now, as foreign policy […]

The number of American companies tapping Europe’s bond markets has fallen this year with rising relative borrowing costs on the continent weakening the case for cross-border debt. An extended rally in European credit has enticed US companies to borrow over €100bn of so-called “reverse Yankee” bonds over the past two years with corporate bond purchases from the European Central Bank driving down yields. But appetite is fading […]

Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Imagine the reporters who must cover daily a bombastic New Yorker who has inherited a fortune, exudes a sense of entitlement, disdains much of the press, trafficks in half-truths, has overseen properties in huge disrepair, routinely overrules underlings, disdains public […]

It is not just equities that are rebounding this month. The dollar is up almost 2 per cent against a basket of its peers as it resumes an upward path that most in the foreign exchange market believe is the natural consequence of the economic policies Donald Trump has vowed to deliver. Given the US president has suggested he prefers a weaker dollar, its fresh strength has […]

By Robin Emmott | BRUSSELS BRUSSELS European NATO allies agreed on Thursday to jointly buy planes and submarines and possibly open a new command headquarters for elite troops as Europe seeks to show the United States it is serious about its own security. In signing ceremonies at NATO, defence ministers from France and Germany said they will buy Lockheed Martin C-130J transport planes, while Germany, Belgium and […]

Record sales of non-performing loans are expected in Europe this year with a more urgent approach from policymakers driving increased activity, according to Deloitte. As much as €200bn of debt could be sold during 2017, almost double last year’s total of just over €100bn of sales, said the professional services group, which advises banks and investors on NPL transactions. Europe’s banking sector is weighed down by more […]

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