Deutsche Bank posted a €1.9bn net loss for the fourth quarter, as its performance was weighed down by the cost of its $7.2bn mortgage mis-selling settlement with the US Department of Justice. Germany’s biggest bank took €1.6bn of litigation charges in the final three months of the year, the bulk of which related to the DoJ settlement, which chief executive John Cryan had made one of his […]
Reckitt Benckiser, the maker of household goods including Cillit Bang and Dettol, is in advanced talks to acquire Mead Johnson in a deal that could value the maker of infant formula at about $16.7bn. The British-based company said on Wednesday evening it had offered to pay $90 per share in cash to acquire the US nutritional products maker, a near 30 per cent premium on Mead Johnson’s […]
This May 13, 2014, file photo shows a row of Google self-driving Lexus cars at a Google event outside the Computer History Museum in Mountain View, Calif. California regulators release safety reports filed by 11 companies that have been testing self-driving car prototypes on public roads on Wednesday, Feb. 1, 2017. The papers report the number of times in 2016 that human backup drivers took control from […]
The Federal Reserve signalled it remains on course for further increases in short-term interest rates this year as inflation heads back towards target, even as it avoided giving strong indications on the timing of the next move. The US central bank’s Federal Open Market Committee left the federal funds target range at 0.5 per cent to 0.75 per cent in a unanimous decision, following a quarter-point increase […]
Worries about the future of youth football are mounting as evidence of long-term cognitive dangers of playing the game grows. Continue reading the main story For years, the sport’s top officials have played down the science and insisted that tackle football could be played safely. Neurologists have found a degenerative brain disease, chronic traumatic encephalopathy, in an alarming number of former football players, and last year the […]
Republicans are struggling to advance their policy agenda in the aftermath of President Donald Trump’s confused rollout of a ban on refugees and all travellers from seven Muslim nations entering the United States. The escalating reaction to Mr Trump’s executive order on immigration is also raising concerns about the workings of his White House staff less than two weeks into the presidency. In private conversations, some establishment […]
Nick Thompson was on his way to the subway when he got an email from his boss, New Yorker Editor David Remnick. The subject line? “Morning piece.” It was 8:17 a.m. on Sept. 8, and Remnick had just watched libertarian presidential candidate Gary Johnson ask “what is Aleppo?” live on national television. “I wrote back and said, ‘great!’” said Thompson, the former digital editor at The New […]
In the past two months, the Islamic State has used more than 80 remotely piloted drones against Iraqi forces and their allies. About one-third of the aircraft, some as small as model airplanes, dropped bombs or were rigged with explosives to detonate on the ground, said Col. John L. Dorrian, the spokesman for the American-led operation against the Islamic State in Baghdad. Continue reading the main story […]
WASHINGTON — Iran conducted its first missile test since President Trump took office, American and Israeli officials said Monday, posing an early test of whether the Trump administration will make good on its promises to strictly enforce all aspects of the Iranian nuclear deal and a side agreement on missile testing. The Iranian missile traveled about 600 miles, but its re-entry vehicle reportedly exploded before the flight […]
Pressure on U.S. President Donald Trump grew on Monday over his order banning travel from seven Muslim-majority nations, as the state of Washington announced a legal challenge and former President Barack Obama took a swipe at his successor. The leader of the Democrats in the U.S. Senate, Chuck Schumer, said he would bring legislation on Monday evening seeking to end the ban, although his effort stood little […]
President Donald Trump has attacked airlines, the media and Democrats over the protests and criticism of his administration that emerged over the way he executed a ban on people from seven Muslim-majority nations entering the US. In a series of tweets and comments at the White House, Mr Trump tried to shift the blame for the chaos that ensued after more than 100 refugees and migrants from […]
Boris Johnson’s claim to have extracted concessions from Donald Trump over his travel ban was thrown into confusion on Monday after embassies around Europe, including London, issued statements contradicting the UK foreign secretary. Amid a public storm over the issue, the UK Foreign Office said on Sunday evening that the extreme vetting programme would apply to fewer than expected dual-nationality Britons going to the US. It said […]
Mr. Faily has been directly affected by the order. Though he holds dual British and Iraqi citizenship, he said information he had received from the American Embassy in Baghdad indicated that he would not be allowed to travel to the United States in the coming weeks to participate in a long-planned conference, he said in a telephone interview from Iraq. Continue reading the main story The edict […]
President Donald Trump’s most far reaching action since taking office plunged America’s immigration system into chaos on Saturday, not only for refugees but for legal US residents who were turned away at airports and feared being stranded outside the country. Immigration lawyers and advocates worked through the night trying to help stranded travellers find a way back home. Lawyers in New York sued to block the order, […]
By Doina Chiacu and Steve Holland | WASHINGTON WASHINGTON U.S. President Donald Trump fought back on Sunday amid growing international criticism, outrage from civil rights activists and legal challenges over his abrupt order for a halt on arrivals of refugees and people from seven Muslim-majority countries. He and senior aides sought to defend the policy and play down the chaos sparked by Friday’s order. But confusion persisted […]
A day after protesters descended on John F Kennedy airport in New York and a judge stayed the executive order temporarily banning entry into the US for people from seven majority Muslim countries, a number of travellers were still being held in custody on Sunday. There were confused scenes at JFK airport, with immigration officials unclear on how the orders should be implemented, according to lawyers helping […]
Less than 48 hours after announcing his executive order on refugees, global opposition to Trump intensified on Sunday as world leaders, US (mostly tech) companies and civil rights groups condemned the move to temporarily limit entry from predominantly Muslim countries. Here are the latest updates in the ongoing saga as of noon on Sunday: Global government lash out at order. Governments from London and Berlin to Jakarta […]
By Maher Chmaytelli and Lin Noueihed | BAGHDAD/CAIRO BAGHDAD/CAIRO A global backlash against U.S. President Donald Trump’s immigration curbs gathered pace on Sunday as several countries including long-standing American allies criticised the measures as discriminatory and divisive. Governments from London and Berlin to Jakarta and Tehran spoke out against Trump’s order to put a four-month hold on allowing refugees into the United States and temporarily ban travellers […]
By Yeganeh Torbati and Doina Chiacu | WASHINGTON WASHINGTON President Donald Trump’s sweeping ban on people seeking refuge in the United States and visitors from seven Muslim-majority countries caused confusion and panic among travelers on Saturday, with some turned back from U.S.-bound flights. Immigration lawyers in New York sued to block the order, saying numerous people have already been unlawfully detained. The new Republican president on Friday […]
By Eric Knecht and Maher Chmaytelli | CAIRO/BAGHDAD CAIRO/BAGHDAD Arabs and Iranians planning U.S. trips reacted with fury on Saturday to new American travel curbs they said were insulting and discriminatory, as five Iraqis and a Yemeni were stopped from boarding a New York-bound flight in Cairo. In some of seven Muslim-majority countries affected by the restrictions, would-be travellers preparing family visits, work trips or seeking to […]
PARIS U.S. President Donald Trump’s decision to limit immigration and refugees from some Muslim-majority countries is worrying, the French foreign minister said on Saturday. “This can only worry us,” Jean-Marc Ayrault, who was speaking at a joint press conference with his German counterpart Sigmar Gabriel in Paris. “Welcoming refugees who flee war and oppression is part of our duty.” Trump on Friday signed an executive order that […]
Rami al Ali offered a deceptively simple column gown, in the palest lilac, with a train that pooled onto the floor. It looked like an updated kimono, with billowing sleeves that were caught at the wrist and cherry blossom embroidery delicately scattered across the shoulders and hips. The collar — high enough to cover the chin, was held stiff and starched away from the face, making the […]
By Irene Klotz | CAPE CANAVERAL, Fla. CAPE CANAVERAL, Fla. NASA on Friday marked the 50th anniversary of its moon program’s fatal Apollo launchpad fire with the first public display of the scorched hatch that trapped three astronauts inside their spaceship during a routine pre-launch test. NASA astronauts Virgil “Gus” Grissom, Edward White and Roger Chaffee died when thick smoke filled the crew module of the Apollo […]
The directive to identify new ways to hasten the demise of the Islamic State, also known as ISIS and ISIL, has been widely anticipated by military commanders, who have begun drafting classified options to increase the pressure on the militant group, especially in Raqqa and Mosul, the stronghold in Iraq. Continue reading the main story Work on the directive was described by several current and former officials […]
