It was a clear and chilly afternoon in Moscow – March 18, 2014 – when Russian President Vladimir Putin signed the documents to formally annex the Crimean Peninsula away from Ukraine. Frustrated Western governments soon began rolling out the only response they could agree on to Mr. Putin’s brazen redrawing of Europe’s borders: economic sanctions. Over the next two days, the United States would designate 27 individuals […]
LONDON Scotland will publish proposals this week for how it can remain in the European single market after Britain leaves the European Union in order to avoid the “national disaster” of a “hard Brexit”, the Scottish government said on Sunday. British Prime Minister Theresa May has said she will trigger Article 50 of the Lisbon Treaty, the formal process of leaving the EU, by the end of […]
Philippines President Rodrigo Duterte(Photo: Tang Chhin Sothy, AFP/Getty Images) President Rodrigo Duterte threatened Saturday to terminate a pact that allows U.S. troops to visit the Philippines, saying “bye-bye America” as he reacted with rage to what he thought was a U.S. decision to scrap a major aid package over human rights concerns. A U.S. government aid agency, the Millennium Challenge Corporation, said earlier in the week that […]
ATHENS Greece’s decision to give pensioners a one-off bonus has delayed the conclusion of its second bailout review but an agreement can still be reached in the coming months, EU Commission Vice-President Valdis Dombrovskis was quoted as saying on Saturday. Greece angered its lenders this month by announcing it would spend about 600 million euros on a Christmas bonus for low income pensioners after beating its fiscal […]
Your daily guide to community and cultural activities across the Emirates for December 18, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Festival tickets Buy tickets for the Abu Dhabi Festival, which runs from March 14 to 31 and features artists across a variety of genres and nationalities, opening with Saudi singer Mohamed Abdo. […]
As millions of children around the world drag their parents to shopping malls to sit on Santa’s lap and tell him their wishes, hardly anyone is coming to Demre. Turkey has an abundance of problems — frequent terror attacks, a swelling population of Syrian refugees, mass arrests after a failed coup — that have driven tourists away. The only foreign visitors to Demre these days seem to […]
The number of passenger cars in use in the GCC region is expected to grow at 5 percent annually from an estimated 10.3 million in 2015 to 13.2 million in 2020, according to Alpen Capital. Its report said new passenger car sales are projected at 1.4 million in 2020, compared to 1.2 million in 2015. Although new sales declined in 2016 and will be under pressure in […]
By Pawel Florkiewicz and Lidia Kelly | WARSAW WARSAW Polish opposition leaders called on Saturday for days of anti-government protests and vowed to maintain a blockade of parliament’s main hall that the ruling party condemned as an illegal attempt to seize power. About two dozen members of the opposition Civic Platform (PO) took turns to sit in the legislature’s plenary hall through the night and the party’s […]
DUBAI Iran has requested a meeting of a commission overseeing the implementation of its 2015 nuclear deal with world powers, Iranian state media reported on Saturday, in response to what Tehran calls a U.S. violation of the agreement. Iranian Foreign Minister Mohammad Javad Zarif asked for the meeting in a letter to European Union foreign policy chief Federica Mogherini, Iran’s official news agency IRNA said. The White […]
Shock is a matter of perspective and expectation. Imagine a time traveller stepped through the door a year ago and said the UK would vote to leave the European Union, a presidential candidate who advocated debt renegotiation would be headed for the White House, and Italy would reject the reforms of Prime Minister Matteo Renzi. Who would have predicted a worldwide bull market for stocks and bonds? […]
By Pawel Sobczak and Karol Witenberg | WARSAW WARSAW Protesters blocked all exits from the Polish parliament on Friday after the opposition said ruling party lawmakers illegally passed the budget for next year by moving the vote outside of the main chamber of parliament. The protest marked the biggest political standoff in years in European Union member Poland and the sharpest escalation of the conflict between the […]
DUBAI // A group of adventurers travelling the world by car, motorcycle and bicycle have said the UAE’s peace and security made it a popular destination for tourists. During a stop in Dubai, four travellers made camp in Mushrif park for the 5th Dubai Traveller’s Festival. Leonhard Salwey, who left his home in Germany seven months ago to explore the world on his bicycle, thought the event […]
The global benchmark interest rate for trillions of dollars of corporate loans, credit cards and derivative contracts is approaching 1 per cent for the first time since the US emerged from recession, as global markets reach the end of a turbulent week. With the US Federal Reserve anticipating greater US economic strength in 2017, this has pushed the dollar to a 14-year high and spurred further selling […]
Etihad Airways and Lufthansa have signed a codeshare agreement that could herald further partnership growth between the two national carriers. In what is seen as the potential start of a growing relationship between the two airlines, Etihad and Lufthansa have agreed to codeshare on the UAE carrier’s twice-daily flights between its home base of Abu Dhabi and Frankfurt, and its twice daily services between Abu Dhabi and […]
5918 25 by Shannon K. O’Neil December 16, 2016 A worker unloads palm fruit at a palm oil plantation in Peat Jaya, Jambi province on the Indonesian island of Sumatra September 15, 2015 in this photo taken by Antara Foto. September 15, 2015 (Reuters/Wahyu Putro A/Antara Foto). Trade Rules Favor Asia, Not the United StatesAsia’s rise in the global trading system continues. Recent World Economic Forum data […]
By Karolina Tagaris and Renee Maltezou | ATHENS ATHENS Greek Prime Minister Alexis Tsipras seems determined to go down in history as a leader who tried to save Greece’s most vulnerable from austerity. But the crowd of pensioners in Athens on Thursday night was cynical about his promise to placate them with a one-off Christmas bonus. “We are living in misery and we won’t tolerate being fooled […]
Authored by Carl Bildt, originally posted at Project Syndicate, In August 2015, I tweeted that if Donald Trump were to be elected President of the United States, we would have to “head for the bunkers.” A Trump presidency was considered highly unlikely back then; but here we are. And while heading for the bunkers might not be the most appropriate response (yet), where we are is undoubtedly […]
BEIJING China expressed dissatisfaction on Friday after exiled Tibetan spiritual leader the Dalai Lama met President Pranab Mukherjee, saying it hoped India would recognise the Nobel Peace Prize winning monk as a separatist in religious guise. Mukherjee hosted the Dalai Lama and other Nobel Peace laureates at a conference on children’s rights at the presidential palace on Sunday. Those who attended, and spoke, included Princess Charlene of […]
By Andrés González | MADRID MADRID French media tycoon Vincent Bollore is bidding for a stake in Spain’s largest sports broadcasting rights firm at the same time as facing off with former Italian president Silvio Berlusconi for control of Mediaset (MS.MI). Bollore’s Vivendi (VIV.PA) is one of 10 bidders, alongside a number of Chinese and U.S. investors, hoping to land either a 30 percent or 51 percent […]
Friday 08:00 GMT Overview Equity markets are steady, holding near recent highs, as the dollar’s bounce to a 14-year peak on expectations of a more hawkish Federal Reserve pauses for breath. Bond markets are calmer too after the recent battering that pushed yields to their richest in many months, while gold edges up. Hot topic The dollar and surging bond yields has been one of the biggest […]
By Elizabeth Piper and Alastair Macdonald | BRUSSELS BRUSSELS European Union leaders agreed their plan for Brexit negotiations on Thursday, pledging to move swiftly and stick together to ensure Britain does not cherry pick a sweet deal that might inspire others to unstitch the bloc. Prime Minister Theresa May left before the other 27 leaders met briefly to formalise their plan for how to run Brexit talks. […]
To understand Arabs and their culture, one must first understand their language, but with many conflicting theories about its origins, this is no easy task. To celebrate a language used by hundreds of millions of people around the world, December 18 is the designated UN Arabic Language Day. The day was established by the UN Educational, Scientific and Cultural Organisation (Unesco) in 2010 to “celebrate multilingualism […]
BRUSSELS The heads of European Union institutions were given a mandate to plan a possible summit meeting with Turkish leaders in the coming months at an EU summit on Thursday, summit chair Donald Tusk told a news conference. “We have a mandate to organise this kind of summit in the next months,” Tusk said, adding that no date had been set. The EU would be represented by […]
If Donald Trump has made bank stocks great again, Janet Yellen has just made them even greater. US financial stocks were on a tear on Thursday, extending their strong post-election market gains after the Federal Reserve raised interest rates on Wednesday and signalled that at least three more rises are on the cards for next year. The prospect that the US central bank might have to raise […]
