Wednesday 09:20 GMT. European stocks are tracking a mostly positive showing in Asia as Wall Street eyes record highs on hopes the Trump administration’s pledge of infrastructure spending and tax cuts will boost the US economy. The dollar and government bond yields are a touch firmer, keeping gold and industrial commodity prices in check. After the FTSE Asia-Pacific equity index rose 0.6 per cent, the pan-European Stoxx […]
Commercial banks in the Gulf could lose their ability to have dollar trades cleared through the US banking system, increasing risks for them, the UAE’s central bank governor has warned. Mubarak Rashid al-Mansouri told a financial conference that US and European banks were continuing to scale back their relationships with Gulf banks because foreign regulators were requiring them to do more due diligence on customers, raising costs […]
By Paul Sandle | LONDON LONDON Google delivered a vote of confidence in London’s future as a technological hub after the Brexit vote on Tuesday by announcing plans for a new building in the King’s Cross area of the city that will house thousands of extra engineers. Google’s Chief Executive Sundar Pichai said computer science had a great future in Britain, citing the talent pool, educational institutions, […]
newslide ‘The Rock’ talks a future in politics, including potential White House run The Rock may have been voted Sexiest Man Alve by People, but the 44-year-old is interested in topping a more serious poll. After parleying a professional wrestling career as The Rock into leading roles in Hollywood, Dwayne Johnson is entertaining the idea of jumping into the political ring, including perhaps even a run for […]
Photo Mohamed Morsi, the ousted Egyptian president, during his trial in Cairo in June. Credit Mohamed Hossam/European Pressphoto Agency CAIRO — One of Egypt’s highest courts overturned a death sentence imposed on Mohamed Morsi, who was the country’s first democratically elected president and was ousted in 2013 by the military. Mr. Morsi, who is serving a life sentence in prison for offenses related to espionage and inciting […]
PARIS U.S. President-elect Donald Trump will have little choice but to adopt a softer line on trade than the one he has flagged during his campaign, although flare-ups with some partners are likely, former WTO chief Pascal Lamy said. With financial markets wondering whether Britain will opt for a hard or soft Brexit, Lamy said that there was a similar scenario for trade under a Trump presidency. […]
Photo Donald Trump at a rally against the Iran deal in Washington last year. He vowed during his campaign to renegotiate or renounce the agreement. Credit Doug Mills/The New York Times Seventy-six national security experts urged President-elect Donald J. Trump on Monday to reverse his hostility to the nuclear agreement signed with Iran last year and to use it as a tool to ease other tensions with […]
BRUSSELS: The European Union extended its sanctions on Syria on Monday, banning the country’s central bank chief and its finance minister from traveling in Europe and freezing their assets in a further step to isolate President Bashar Assad.The decision to target Central Bank Gov. Duraid Durgham and Finance Minister Maamoun Hamdan, along with 16 other government ministers, made good on the EU’s threat last month to increase […]
A global bond market rout intensified on Monday while the dollar strengthened as investors bet that US president-elect Donald Trump’s mix of economic stimulus and protectionism will herald faster growth and the return of inflation. Since Mr Trump’s surprise win in last week’s election, investors have begun to question long-held consensus forecasts for subdued inflation and mediocre growth that underpinned a rally in bonds over the summer. […]
November 13, 2016 by: Theodor Troev in Sofia and Kerin Hope in Athens Rumen Radev, Bulgaria’s former air force commander, was set to win a run-off vote in Sunday’s presidential election second round, triggering the resignation of Boyko Borisov, the centre-right prime minister, immediately after the polls closed. First results gave Mr Radev, an independent backed by the opposition Socialist party, a projected 59 per cent of […]
November 14, 2016 by: Michael Hunter in London and Peter Wells in Hong Kong Monday 10.50 GMT. A conviction that a Donald Trump presidency will deliver higher inflation is dominating market sentiment, lifting world equity markets, energising the dollar and drawing investors out of government bond markets. Yields on Treasuries shot higher in Asian trading, a move that has been sustained in early London trading on Monday […]
By Richard Leong and Jennifer Ablan | NEW YORK NEW YORK Donald Trump’s stunning victory for the White House may mark the long-awaited end to the more than 30-year-old bull run in bonds, as bets on faster U.S. growth and inflation lead investors to favor stocks over bonds. A two-day thumping wiped out more than $1 trillion across global bond markets worldwide, the worst rout in nearly […]
The marketing tag line that accompanies Dream Catcher’s press blurb is “raggle taggle folk”. This is a fair description, but a more fitting slogan for the band – who this week make their live debut in Abu Dhabi and Dubai – might be “big in Luxembourg”. That is the home country (population: 543,000) of the band – the long-standing solo project of veteran songwriter John Rech – […]
By William Schomberg | LONDON LONDON Five months to the day after Britain voted for Brexit, its finance minister will outline how the government plans to cope with the economic fallout and voters’ frustrations which had echoes in Donald Trump’s U.S. election triumph. Philip Hammond, the Chancellor of the Exchequer, is due on Nov. 23 to announce spending and tax plans until the end of the decade […]
Friday 19:30 GMT. US and European stocks gave back some of their post-US election gains, the dollar continued to rally and commodity prices were in retreat as participants looked back over a truly remarkable week for global markets. A rapid flight to safety followed the shock news that Donald Trump would be the next president of the US, with S&P 500 futures and Asian stock market indices […]
The post-election rally that has reshaped global financial markets cooled off Friday, at the end of a week in which investors quickly adjusted to a president-elect who has promised to step up government spending and slash business regulation. The S&P 500 dipped 0.1 per cent on Friday in New York, while the Eurofirst 300 fell 0.6 per cent, paring back this week’s gains. The rapid change in […]
Climate change is currently one of the greatest threats to biodiversity, and one of the groups of animals most affected by the increase in temperature is amphibians. A team of scientists with Spanish participants studied how heat waves affect the dietary choices of three species of amphibian found on the Iberian Peninsula: the European tree frog, the Mediterranean tree frog and the Iberian painted frog. Global warming […]
Britain’s Brexiters have seized on the election of Donald Trump, arguing that it offers the chance to strengthen ties with the US, in an echo of the partnership forged decades ago between Ronald Reagan and Margaret Thatcher. Boris Johnson, the foreign secretary, has depicted Mr Trump’s victory as “a great opportunity”, emphasised the possibility of a post-Brexit trade deal, and called for Europe to snap out of […]
BEIJING China is greatly concerned about the European Union’s protectionist measures against Chinese steel products, the commerce ministry said on Saturday. “The Chinese side has expressed great concerns and worries about the EU’s trade protectionist tendency over steel,” the ministry said in a statement on its website. The ministry was responding to the EU’s latest decision to take temporary anti-dumping measures against imports of Chinese seamless steel […]
By Sumanta Dey | BENGALURU BENGALURU After Donald Trump’s unexpected victory in the U.S. presidential election, investors may refocus in the coming week on the health of the world economy and any signs that years of rock-bottom interest rates and fiscal austerity are coming to an end. Trump’s victory poses a major challenge to the conventional wisdom on the global economy, which for years has relied on […]
By Dustin Volz | WASHINGTON WASHINGTON More than 40 international business and technology organizations representing hundreds of companies on Friday expressed “deep concerns” to the Chinese government about a new cyber security law they said would likely increase the separation between China and the rest of the world economy. Beijing on Monday adopted a cyber security law it called necessary to counter growing threats of hacking and […]
The EU is ready to use punitive anti-dumping tariffs on imports — such as steel — after a UK-led blocking minority of countries opposed to the reforms collapsed. Britain had been part of an alliance set on scuppering the plan as unnecessary and protectionist. But on Friday the Netherlands and Austria indicated that they would throw their weight behind the proposal, leaving the UK likely to be outnumbered when […]
By Dustin Volz Facebook Inc said on Friday it would no longer allow certain advertisers to exclude racial or ethnic groups when placing ads on its service, following criticism that the practice was discriminatory. The move comes amid growing scrutiny of how the world’s largest online social media network’s policies and algorithms shape what content appears in a user’s news feed. The unexpected victory of Donald Trump […]
Just like the bulk of political pundits and mainstream media commentators, opportunistic internet entrepreneurs were caught off guard by the shock result of Tuesday’s United States presidential election. The day after Donald Trump became the 45th president of the United States it was still possible to find “Don’t blame me, I voted for Trump” T-shirts and hoodies online. But the full story of the shock sustained by […]
