Theresa May will test the nerves of currency markets on Tuesday when she declares that Britain is making a clean break from the EU and will not seek a deal that leaves the country “half in and half out”. Mrs May’s comments will be seen as confirmation that Britain is leaving the single market — sometimes referred to as “a hard Brexit” — although she will leave […]
Saudi Arabian Airlines’ budget carrier Flyadeal will lease six Airbus A320s, an Airbus executive said on Monday, a sign that the European planemaker might again have pipped Boeing in the race to win a big Middle East deal. Flyadeal, which is set to start services in mid-2017, is aiming to operate a fleet of up to 50 narrow body jets by 2020 and Saleh al-Jasser, director general […]
By Kylie MacLellan | LONDON LONDON Britain will not seek a Brexit deal that leaves it “half in, half out” of the European Union, Prime Minister Theresa May will say on Tuesday, according to her office, in a speech setting out her 12 priorities for upcoming divorce talks with the bloc. Those priorities will include leaving the European Union’s single market and regaining full control of Britain’s […]
By Gabriel Stargardter | MEXICO CITY MEXICO CITY At least five people, including four foreigners, were killed and 15 were wounded early on Monday when a shooter opened fire at a nightclub in Mexico’s Playa del Carmen resort during the BPM electronic music festival, state officials said. Quintana Roo State Attorney General Miguel Angel Pech told a press conference that two Canadians, an Italian and a Colombian […]
By Fatos Bytyci | PRISTINA PRISTINA Serbia plans to seize a slice of northern Kosovo just as Russia annexed Ukraine’s Crimea region in 2014, Kosovo’s president told Reuters on Monday, as the two Balkan neighbours trade accusations of wanting to ignite a new regional war. Kosovo special police units on Saturday prevented a train painted in Serbia’s national colours and bearing the words “Kosovo is Serbia” from […]
Food lovers may have to doublecheck what’s in their diet immediately. Some of the most popular food choices easily available to the American population are proving to be a health hazard. Chemicals called process contaminants may end up unintentionally in food after it goes through changes during food processing. These, in turn, produce negative effects on our system. Here are five of the most popular food choices that […]
Ministers are drawing up plans for a two-tier system of UK border controls for EU citizens as Theresa May prepares to tighten migration rules at the expense of single market membership. Senior government officials expect the prime minister to decide on a system based on work permits and new automated security checks — similar to the US visa-waiver programme — for EU citizens travelling to Britain. The […]
“Dedication, that’s what you need, if you want to be a record breaker,” sang the TV entertainer Roy Castle on the long-running BBC programme dedicated to notable feats. London’s FTSE 100 has been on a dedicated record-breaking run all of its own, notching up an unprecedented 14 consecutive sessions of gains by the end of last week, a run which only ended on Monday, when the index […]
Kuwait’s Fawaz Al Hasawi has failed to agree on terms for the partial sale of Nottingham Forest to a US investor. Al Hasawi, who has been in control of the former double European champions since 2012, had been in negotiations to sell an 80 percent stake in the club to John Moores, the former San Diego Padres owner. The deal was supposed to be completed in December […]
By Tom Körkemeier and Andreas Rinke | BRUSSELS/BERLIN BRUSSELS/BERLIN Germany’s Foreign Minister said on Monday that U.S. President-elect Donald Trump’s comments that NATO was obsolete had aroused concern across the 28-member alliance. Frank-Walter Steinmeier, speaking after a meeting with alliance Secretary-General Jens Stoltenberg in Brussels, said Trump’s remarks contradicted views expressed by designated Defense Secretary James Mattis. He spoke also of “amazement”. “I’ve spoken today not only […]
By Nigel Stephenson | LONDON LONDON Investors sold sterling and stocks on Monday, seeking shelter in gold and the Japanese yen as uncertainty over Britain’s departure from the European Union and the policies of U.S. President-elect Donald Trump curbed appetite for risky assets. U.S. markets were closed for the Martin Luther King Day holiday, crimping market activity and potentially exacerbating price moves. The dollar .DXY rose, except […]
Traders are anticipating big swings in the pound, ratcheting up the cost of hedging against sterling volatility in preparation for fast-moving developments in the UK’s ever-more fractious relationship with the EU. Theresa May’s Brexit speech that she will deliver on Tuesday has already caused big shifts in the pound, following weekend media reports about its likely content. However, traders are now weighing up the impact of Donald […]
By Alessandra Prentice | KIEV KIEV Outgoing U.S. Vice President Joe Biden called on Monday for sanctions on Russia to stay, urging the world to stand up to its “coercion and aggression” after President-elect Donald Trump mooted ending the measures under a possible deal with Moscow. Speaking on a swan song visit to Kiev, Biden said the G7 nations and European Union should lift the sanctions only […]
By Noah Barkin | DAVOS, Switzerland DAVOS, Switzerland A trade war between the United States and China and a strengthening dollar are among the biggest threats to a brightening global economic outlook, according to leading economists at the World Economic Forum in Davos. As political leaders, businessmen and bankers converge on the resort in the Swiss Alps this week, they can draw hope from a more benign […]
Submitted by Mike Shedlock via MishTalk.com, Conventional wisdom suggests National Front candidate Marine le Pen will make it to the second round in French elections, then lose in a landslide to whoever her opponent happens to be. I believe le Pen’s odds of winning it outright are far better than most think. Current Polls Chart from Wikipedia, with image clips added. Top Five candidates Marine le Pen: […]
The pound has fallen below the $1.20 mark for the first time since the October “flash crash”, ahead of a speech on Tuesday when UK prime minister Theresa May is expected to signal that Britain will fully break out of the EU’s common market after Brexit. The UK currency fell as much as 1.6 per cent to a low of $1.1986 against the dollar in early Asian […]
Seldom have such small chips carried such a heavy load. China’s fledgling semiconductor industry, after a messy birth, now finds itself in the crosshairs of conflicting political goals in Beijing and Washington. Chips are a key plank of China’s industrial plans, attracting a massive $150bn government subsidy. This reflects national angst over reliance on overseas markets — it spends more on importing semiconductors than oil — and […]
By Estelle Shirbon and William James | LONDON LONDON Prime Minister Theresa May will use a major speech on Brexit next week to call on Britons to reject the acrimony of last year’s referendum and unite around the vision of a Britain more open to the world, her office said on Sunday. May intends to kick off the formal process of negotiating the terms of Britain’s exit […]
DAVOS, Switzerland – The global economy is in better shape than it’s been in years. Stock markets are booming, oil prices are on the rise again and the risks of a rapid economic slowdown in China, a major source of concern a year ago, have eased. And yet, as political leaders, CEOs and top bankers make their annual trek up the Swiss Alps to the World Economic […]
BRUSSELS The European Union and the United States agreed on Friday to reduce legal and capital barriers to boost the $3 billion transatlantic insurance and reinsurance market. The accord has been under negotiation for more than a year and follows an agreement last year on derivatives. U.S. and EU representatives said in a joint statement they had reached a deal “that will ensure ongoing robust insurance consumer […]
Photo President Recep Tayyip Erdogan of Turkey on Saturday. Legislation under debate could possibly allow him to remain in power until 2029. Credit Yasin Bulbul/Presidential Palace, via Reuters The Turkish Parliament began debating legislation on Monday that would effectively rewrite the Constitution, vastly expanding the powers of Turkey’s president, Recep Tayyip Erdogan, and possibly allowing him to remain in power until 2029. Mr. Erdogan, the dominant figure […]
iStockphoto Car makers need to improve the security of today’s connected cars before the arrival of self-driving cars, according to Europe’s cyber security agency. “Over the last few years, there have been many publications on attacks against smart cars, many of which have resulted in reputational damage for car manufacturers. The impact of attacks on a smart car has far-reaching consequences in terms of safety, while the […]
PARIS/MILAN European carmakers were drawn into a widening probe of diesel emissions testing on Friday, with French prosecutors examining Renault and British authorities seeking answers from Fiat Chrysler Automobiles NV. Volkswagen’s VOW_p.DE admission that some of its diesel vehicles were fitted with software designed to hide their true level of emissions has highlighted that most cars spew out far higher levels of health-threatening nitrogen oxide (NOx) in […]
SALZBURG The head of Austria’s far-right Freedom Party (FPO) on Saturday called for a law banning “fascistic Islam” and Muslim symbols, comparable to an existing law banning Nazi symbols, saying Islam could wipe out European society. Austria needs “a law which prohibits fascistic Islam”, Heinz Christian Strache told several thousand supporters at the party’s new year meeting in Salzburg. “Let us put an end to this policy […]
