LONDON The head of Britain’s Supreme Court has accused politicians of not doing enough to protect the independence of the judicial system when judges came in for harsh criticism from pro-Brexit newspapers last year. England’s High Court triggered an angry response from some newspapers in November when it ruled that the decision to begin Britain’s formal divorce talks with the European Union had to be approved by […]
BERLIN No country can solve the world’s problems on its own and governments can achieve more for their nations if they work together closely, German Chancellor Angela Merkel said on Wednesday. Germany holds the presidency of the G20 leading economies this year, a platform Merkel wants to use to safeguard multilateral cooperation after U.S. President Donald Trump questioned international alliances and obligations and insisted on putting “America […]
The Syrian civil war has left nearly half a million people dead, displaced millions more, and turned its largest city, Aleppo, into an open-air slaughterhouse. The war is destroying antiquity too. For just under a year, from May 2015 to March 2016, the so-called Islamic State held control of the ancient central city of Palmyra, a boomtown that became a Roman colony in the 3rd century A.D. […]
By Phil Stewart and Robin Emmott | BRUSSELS BRUSSELS U.S. President Donald Trump’s defence secretary warned NATO allies on Wednesday that they must honour military spending pledges to ensure the United States does not “moderate” support for the alliance. Jim Mattis, on his debut trip to Brussels as Pentagon chief, also accused some NATO members of ignoring threats, including from Russia. “America cannot care more for your […]
By Roberta Rampton and Noah Barkin | WASHINGTON/BERLIN WASHINGTON/BERLIN U.S. Vice President Mike Pence heads to Europe this week to meet with allies seeking clarity on the Trump administration’s foreign policy strategy and its stance towards Russia after the resignation of the top White House national security aide. Pence, who has hewn more closely to Republican orthodoxy than his boss President Donald Trump, will attend the Munich […]
Wednesday 14:30 GMT Overview Global equities were on track to close at all-time highs as Wall Street hovers near record levels in the wake of comments from Federal Reserve chair Janet Yellen. And Ms Yellen’s more hawkish than forecast rhetoric has been backed up on Wednesday by stronger than expected US retail sales and inflation data that are pushing up the dollar and bond yields, while leaving […]
The chief executive of General Motors has flown to Germany as the US carmaker seeks to assuage concerns from local managers and unions about job losses amid talks to sell the carmaker’s ailing European business to French rival PSA Peugeot Citroën. Mary Barra and key lieutenant Dan Ammann arrived at Opel’s headquarters, GM’s subsidiary, on Tuesday morning, while PSA chief executive Carlos Tavares is pushing to meet […]
LONDON Britain has contacted the president of General Motors (GM.N) to express concerns after the American firm opened talks to sell its European operations, including the Vauxhall plants in England, to France’s PSA Group (PEUP.PA). Britain’s Department for Business said the government remained in close contact with GM and was monitoring the situation after the two companies said on Tuesday that they were in talks over a […]
Harrison Ford has near-miss with passenger liner Harrison Ford has had a close run-in with a passenger airliner at an airport in California in the United States. The actor, 74, was told to land his single-engine plane on a runway at John Wayne Airport in Orange County, Southern California on Monday, but he mistakenly landed it on a parallel taxiway, passing over an American Airlines jet holding. […]
Submitted by Don Quijones via WolfStreet.com, Spain’s three biggest banks, Banco Santander, BBVA and Caixa Bank, have got off to a flying start this year having issued €8.6 billion in new debt, seven times the amount they sold during the same period of last year. The last time they rolled out so much debt so quickly was in 2007, the year that Spain’s spectacular real estate bubble […]
As central bankers seek to wean markets off quantitative easing and exit the dangerous experiment of negative rates, they increasingly fret about the resilience of credit markets. How worried should they be? The US Treasury’s Office for Financial Research, the European Central Bank and the Bank of England have all issued warnings in their financial stability reports voicing concern over whether we might see fire sales that […]
Since then the barriers to peace have grown even more formidable, and attitudes like Mr. Gatshan’s more entrenched. Continue reading the main story When President Trump and Israel’s prime minister, Benjamin Netanyahu, meet in Washington on Wednesday they are likely to discuss a change of tactics, relying on Arab states like Qatar to help secure a two-state solution, under which Israel and an independent Palestinian state would […]
When Federal Reserve chair Janet Yellen testifies before a Senate committee on the state of the economy on Tuesday, there will be plenty tuning in who believe the epitaph for the three-decade rally in the bond market has been rightly written. US president Donald Trump’s plan to ramp up government spending and axe corporate taxes threatens to accelerate inflation, push up interest rates and widen the deficit […]
Expedition 50 Flight Engineer Thomas Pesquet of the European Space Agency shared this photograph from the International Space Station on Feb. 14, 2017, writing, “Venice, city of gondoliers and the lovers they carry along the canals. Happy Valentine’s Day!” Source link
WASHINGTON Multiple Russian military aircraft came close to a U.S. Navy destroyer in the Black Sea on Feb. 10, incidents considered to be “unsafe and unprofessional,” a U.S. official said on Tuesday. Captain Danny Hernandez, a spokesman for U.S. European Command, said there were three separate incidents involving Russian aircraft and the USS Porter. One involved two Russian SU-24 jets, another involved a separate SU-24, and the […]
Greece is planning to appoint Rothschild to advise on its debts as the country attempts to end a long-running creditor stand-off and avert default. Government officials hope to finalise the appointment before a gathering of eurozone finance ministers on February 20 that has been described as the last chance for Greece’s lenders to overcome their differences before European attention shifts to general elections in eurozone countries. Unless […]
The UAE shall take quality-focused steps to create a supportive environment for innovation at a legislative level and for educational system, economic and media segments, says UAE Economic Minister Dubai, February 14, 2017 Engineer Sultan bin Saeed Al Mansoori, Minister of Economy chaired the seminar on innovation and the future of economy at the World Government Summit, a global platform dedicated to shaping the future of government […]
By Shadia Nasralla | VIENNA VIENNA An Austrian opposition lawmaker accused Turkey on Tuesday of operating an informer network via its embassy in Vienna that he said targets critics of President Tayyip Erdogan, promotes his policies and receives payments from Ankara. Peter Pilz, from the Austrian Greens, said he had sent documents to the police detailing the activities of the ATIB, an umbrella organisation headed by the […]
By Pamela Barbaglia and Edward Taylor | LONDON/FRANKFURT LONDON/FRANKFURT PSA Group (PEUP.PA) is holding talks with General Motors (GM.N) about buying its European Opel division, the French carmaker said on Tuesday, a deal which would increase competition for market leader Volkswagen (VOWG_p.DE). The maker of Peugeot, Citroen and DS cars is “exploring a number of strategic initiatives with GM with the aim of increasing its profitability and […]
By Robin Emmott and Kylie MacLellan | BRUSSELS/LONDON BRUSSELS/LONDON NATO’s European allies and Canada increased defence spending by 3.8 percent last year, or $10 billion more than 2015, the alliance’s head said on Tuesday, but a report said Britain missed a key NATO goal. Russia’s annexation of Crimea has given the alliance new momentum after years of cuts, but the International Institute for Strategic Studies, a global […]
People ride Ofo-bicycles in Shanghai Unlock them with an app, drop them off anywhere, and nip past lanes of stationary car traffic: the humble bicycle is seeing a revival in China as a new generation of start-ups help tackle urban congestion and pollution with fleets of brightly coloured two wheelers. The bike-share concept has attracted huge venture capital as fledgling firms wrestle for market share. Such has […]
The Board of Directors of the Financial Intelligence Analysis Unit has appointed a new Director following a public call for applications, as stated in a press release issued by the government, named Kenneth Farrugia. Mr Farrugia’s term comes starts from 13 February 2017. The appointment follows a public call for applications as well as an interviewing process which involved several applicants, a short listing process […]
Submitted by Milton Ezrati via The Strategic Culture Foundation, Just about every adult on earth has seen this show before. Greece faces a debt repayment that it cannot meet: for this performance, €86 billion due in July. It needs fresh bailout funds from the European Union and/or the International Monetary Fund because borrowing directly on global capital markets comes at too high a cost—10 percent to replace […]
Donald Trump’s embrace of protectionism and opposition to multilateral trade deals has prompted EU leaders to ask how Europe might deepen ties with Asia as a way of bolstering global commerce and safeguarding export markets. Some officials have talked about Europe performing its own trade pivot to Asia as well as other emerging markets. But closer engagement, especially with China, at a time of global economic upheaval […]
