Interview London’s euro clearing dominance has been in the spotlight since the Brexit vote, as Europe would like this returned. The FT’s Philip Stafford and Daniel Hodson, chairman of FSNForum and board member of Vote Leave, discuss the merits of such a move. May 16, 2017 Produced by Alessia Giustiniano. Filmed by Rod Fitzgerald. Source link
WASHINGTON The United States and the United Arab Emirates have signed a new, updated defense cooperation agreement that the Pentagon on Tuesday said dictated “the magnitude and conditions” of the U.S. military presence inside the Emirates. “This provides the U.S. military with the ability to more seamlessly respond to a range of scenarios in and around the UAE, if necessary,” Pentagon spokesman Christopher Sherwood told Reuters, without […]
By Yashaswini Swamynathan The S&P 500 and the Nasdaq drifted higher to hit record intraday levels on Tuesday, supported by gains in technology and consumer staple stocks. As the first-quarter earnings season wraps up, investors’ attention will turn to developments in Washington that could overshadow Republican legislative priorities such as tax reform, healthcare and simpler regulations. Investors were wary after reports that President Donald Trump disclosed highly […]
President Donald Trump‘s controversial travel ban has reached the 9th Circuit Court of Appeals, with a three-judge panel discussing its constitutionality on Monday, May 15. Trump first issued a travel ban preventing people from six Muslim-majority countries from entering the United States. Affected countries included Iran, Iraq, Syria, Sudan, Yemen and Somalia. The ban stirred great controversy and opposition, and a U.S. judge granted emergency stay. Faced with […]
DUBAI // Prosecutors say the three-year prison sentence handed to a mother who tortured and killed her 14-month-old son was too lenient. On Sunday, the Emirati mother, 33, was jailed for stamping on her son’s stomach so hard that he died in hospital in July last year. Witnesses, including the woman’s maid and her sister, said it was not the first time the woman had been violent […]
“I have been there and, believe me, I have been afraid.” This was how the first African-American Arctic explorer, Matthew Henson, described his expeditions to the North Pole in 1912. It is a feeling novelist Laline Paull can empathise with, for totally different reasons. During her trip to the Arctic, which became the inspiration for her fascinating new novel, Paull’s paralysing fear came from the obvious effects […]
WASHINGTON Senate Majority Leader Mitch McConnell on Tuesday said Congress could do with fewer presidential distractions amid reports of U.S. President Donald Trump’s disclosure of intelligence information to Russia and the White House’s subsequent rebuttal. “We could do with a little less drama from the White House on a lot of things so we can focus on our agenda, which is deregulation, tax reform and repealing and […]
Europe’s top court has ruled that a key EU-Singapore agreement requires backing by all EU member states — but only for a narrow set of issues — in a decision that could chart the way for a post-Brexit trade accord with the UK. The European Court of Justice ruled that EU member states must sign off on specific areas related to investment in the Singapore trade deal. […]
WASHINGTON U.S. President Donald Trump on Tuesday defended his decision to disclose information to Russian officials during a White House meeting last week, saying he had an “absolute right” to share “facts pertaining to terrorism and airline flight safety.” The president took to Twitter to counter a torrent of criticism, including from his fellow Republicans, after reports that he had revealed highly classified information about a planned […]
Dubai’s Roads & Transport Authority (RTA) has announced the introduction of traffic diversions on internal roads of the Dubai Investment Park (DIP) and Discovery Gardens. The diversions are being put in place because of the emirate’s construction works on the Route 2020 Project. Eng. Maitha bin Adai, CEO of RTA’s Traffic and Roads Agency, said the traffic diversion will be put in place over two phases on […]
By Ange Aboa | BOUAKE, Ivory Coast BOUAKE, Ivory Coast The leaders of a nationwide military mutiny in Ivory Coast have accepted a government proposal on bonus payments and agreed to return to barracks, ending their revolt, two spokesmen for the soldiers told Reuters on Tuesday. Neither Ivory Coast’s defence minister nor government spokesman was immediately available to confirm details of the agreement, but a Reuters witness […]
Is palladium, for the first time in nearly 16 years, about to become more expensive than platinum? The price difference between the two raw materials fell to less than $100 an ounce this month as palladium flirted with its highest price since September 2014 but its cousin eyed its cheapest level in 15 months. Both sometimes can be sensitive to the kind of precious metal cachet afforded […]
ANKARA Germany’s decision to grant asylum to Turks accused of participating in last year’s failed coup has further heightened tension between the two NATO allies, Turkey’s prime minister said on Tuesday. German officials said last week that 414 Turkish citizens with diplomatic passports and other government work permits had requested asylum in Germany since the attempted putsch, which prompted Ankara to launch sweeping purges of the military, […]
Yahoo Inc said on Tuesday it would buy back $3 billion of its common shares, ahead of the company’s pending deal with Verizon Communications Inc. Shares in Yahoo, which has a 15 percent stake in Chinese e-commerce company Alibaba Group Holding Ltd, were up 0.6 percent at $50.15 in premarket trading. Yahoo said it would pay between $50.79 and $44.74 per share based on its calculations, Alibaba’s […]
British IT expert Marcus Hutchins who has been branded a hero for slowing down the WannaCry global cyber attack, during an interview in Ilfracombe, England, Monday, May 15, 2017. Hutchins thwarted the virus that took computer files hostage around the world, including the British National Health computer network, telling The Associated Press he doesn’t consider himself a hero but fights malware because “it’s the right thing to […]
Sheikh Mohammed bin Zayed met Donald Trump for talks in Washington on Monday, as the White House announced a defence cooperation agreement between the two countries. Sitting alongside one another in the Oval Office, the US president called Sheikh Mohammed a “very special person” who loves his country and loves the US. The Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces is […]
Instead, they have been vetted by a Parliament where moderates and reformists achieved a slim majority in 2015 elections, which has opened the floodgates for thousands of candidates in the vote on Friday: lawyers, religious minorities, women’s rights activists, bank managers and sports figures, among others. Continue reading the main story “The educated middle class and urbanites are emerging and asserting themselves for the first time,” said […]
GENEVA North Korea’s recent missile test-launch was a legitimate act of self-defence under international law and U.S. criticism of it a “wanton violation of the sovereignty and dignity of the DPRK, a North Korean diplomat told the U.N. Conference on Disarmament on Tuesday. “The DPRK will bolster its self-defence capabilities as long as the United States continues its hostile policies towards the DPRK and imposes nuclear threats […]
As part of a project dedicated to modeling how single-celled purple bacteria turn light into food, a team of computational scientists simulated a complete ATP synthase in all-atom detail. The work builds on the project’s first phase—a 100-million atom photosynthetic organelle called a chromatophore—and gives scientists an unprecedented glimpse into a biological machine whose energy efficiency far surpasses that of any artificial system. (via WSJ)
KIEV Ukraine has imposed sanctions on Russia’s largest internet group Yandex and other popular web businesses including the operator of social media sites Vkontakte and Odnoklassniki, the president’s office said on Tuesday. The decree by Ukrainian President Petro Poroshenko also banned Ukrainian web hosts from linking to the Russian websites from May 15. The restrictions added to an existing list of more than 400 Russian individuals and […]
Seeking to make virtue out of totally predictable and painful necessity, the parent of The Chicago Tribune is seeking to buy its longtime tabloid rival, The Chicago Sun-Times. The two papers already have a joint printing and distribution agreement and will now enter into a merger discussion that would theoretically maintain them as separate entities. Any such deal would need Justice Department approval. But the weakened state […]
SEOUL North Korea’s missile programme is progressing faster than expected, South Korea’s defence minister said on Tuesday, hours after the UN Security Council demanded the North halt all nuclear and ballistic missile tests and condemned Sunday’s test-launch. The reclusive North, which has defied all calls to rein in its weapons programmes, even from its lone major ally, China, has been working on a missile, mounted with a […]
Vodafone redials its Indian impairment numbers. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. Hailing from the country that gave India cricket, Victorian railway architecture and a penchant for bureaucracy, Vodafone might have expected a little goodwill on the subcontinent. Instead, India has given the British mobile phone operator a price war, […]
By Colin Packham | SYDNEY SYDNEY Papua New Guinea’s decision to relocate hundreds of men held in an Australian-run detention centre to a nearby town soon exposes them to violence and inadequate medical care, asylum seekers and human rights groups said on Tuesday. Papua New Guinea immigration officials told asylum seekers on Monday that an area of the controversial Manus Island camp north of the PNG mainland […]
