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After receiving multiple reports of people getting injured due to vehicles rolling way while still parked, the National Highway Traffic Safety Administration said it will be reviewing some Land Rovers and Jaguar XF sedans involved in these incidents. The federal safety regulator’s Office of Defect Investigation has received a total of seven consumer complaints of rollaway tendencies for the Land Rover Evoque 2012-2014 and the Jaguar XF 2013. In […]

Britain’s ambassador to the EU has unexpectedly and abruptly resigned, just a few months before the UK is expected to start formal Brexit negotiations in which he would have played a crucial role. Sir Ivan Rogers told staff on Tuesday that he would be stepping down from his post early, leaving officials in shock at the loss of one of Britain’s most experienced EU negotiators. He did […]

But Trump has also ventured beyond mere name-calling, turning the 2016 election into a competition between knowledge systems: the tell-it-like-it-is “people” versus the know-it-all “elites.” His campaign insisted for months that pollsters and technocrats and media would be proven wrong by his electoral success. The fact that he did win dealt a blow to an entire worldview, one in which empirical inquiry and truth-telling were supposed to […]

Turkey’s lira fell to a record low on Tuesday amid concerns about rising inflation and the fallout from the new year’s day terrorist attack in Istanbul. The currency dropped 1.5 per cent to TL3.5993 against the dollar. The fall underlines investor disdain for a currency that fell 17 per cent in 2016, marking the second-worst performance among emerging market currencies after the Argentine peso. Political risk and […]

LONDON Upbeat data from China helped lift global markets as 2017 trading started in earnest on Tuesday, with the dollar notching its biggest gain in three weeks, oil on a tear and European stocks setting a one-year high. Base metal prices and bond yields also advanced, as the better-than-expected factory growth in China dovetailed with higher inflation data in Europe to give investors a solid start to […]

It would only take 3,000 Uber cars to usurp regular cab services as the main form of transformation in New York City. That’s suggested by a new study conducted by the Massachusetts Institute of Technology, or MIT. New York City’s 14,000 licensed fleet of cabs could be beaten out by a significantly smaller number, that is, if users are willing to share rides through carpooling services Uber and Lyft, […]

Funding activity for advertising technology start-ups has crashed to its lowest point in five years, underlining the struggle faced by the ad sector as Google and Facebookbecome dominant. Adtech, an umbrella term for companies that automate and facilitate the buying and selling of digital advertising, rose to prominence over the past five years, but appears now to be on the decline. The number of global adtech venture […]

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Tuesday 05:05 GMT Overview Asian markets were in an upbeat mood in the first session for 2017, after a middling performance over the Christmas to New Year period during which Wall Street continued its retreat from recent record highs. Hot topic At the start of a new year, investors were wondering what the next 12 months would hold. Over the near term, one of the big issues […]

AMMAN Syrian rebel groups said on Monday they had decided to freeze any talks about their possible participation in Syrian peace negotiations being prepared by Moscow in Kazakhstan unless the Syrian government and its Iran-backed allies end what it said were violations of a ceasefire. In a statement, the rebel groups also said that any territorial advances by the army and Iran-backed militias that are fighting alongside […]

Two weeks after a Tunisian man, Anis Amri, whose German asylum request had been rejected, rammed a truck into a Berlin Christmas market and was later shot dead by Italian police, the German state prosuector’s office said on Monday that a Syrian migrant who arrived in Germany two years ago was arrested on suspicion of seeking money from the Islamic State, to drive truck bombs into crowds. […]

SEOUL Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, which kicked in on Sunday, will be effective in draining the global supply glut. International Brent crude oil prices LCOc1 were trading up 31 cents, or 0.55 percent, at $57.13 a barrel at 0203 GMT on Tuesday – close to last year’s […]

Venezuela has issued $5bn in new bonds to state-run Banco de Venezuela in a private placement, as it seeks cash for imports of food and medicine as the country struggles with critical shortages of basic goods. France-based Global Emerging Markets Group said it advised on structuring and executing the deal. The operation was underwritten by China’s Haitong Securities, according to two bond traders who had seen preliminary […]

Doha, 02 January 2017 The global publishing, research and consultancy firm Oxford Business Group (OBG) has appointed a new team to oversee its latest project in Qatar. Izabela Kruk takes on the role of country director, while Simon Gaillard will be the Group’s editorial manager for The Report: Qatar 2017. Kruk moves into her new post from Nigeria, where she contributed to the Group’s most recent report […]

By James Pearson | SEOUL SEOUL North Korea has been working through 2016 on developing components for an intercontinental ballistic missile (ICBM), making the isolated nation’s claim that it was close to a test-launch plausible, international weapons experts said on Monday. North Korea has been testing rocket engines and heat-shields for an ICBM while developing the technology to guide a missile after re-entry into the atmosphere following […]

By Yara Abi Nader and Humeyra Pamuk | ISTANBUL ISTANBUL Shot in the arm and slumped behind a table, Francois al-Asmar played dead as the gunman walked through the exclusive Istanbul nightclub shooting the wounded as they lay on the ground. Like most of the 39 people killed at a New Year’s party in Reina, a hang-out for the Turkish jet set and moneyed foreigners, the Lebanese […]

Airbusand Boeingare bracing themselves for a challenging 2017 after struggling to reach sales targets in the past year. Later this month the two companies will reveal the final tally for last year’s orders and deliveries, but both look set to fall short of their goal of achieving a book to bill of about one — essentially replacing almost every aircraft delivery with a new order. This would […]

At inauguration, Donald J. Trump promises to make Cleveland Browns great again. This time, even backers say he has gone too far. Continue reading the main story Women’s national soccer team finally agrees to new collective bargaining agreement when U.S. Soccer promises to pay women the same bonus money for winning matches that men receive for losing. February Patriots capture Super Bowl, deflating Cowboys. Championship rings ordered […]

By Erik Kirschbaum | BERLIN BERLIN A Syrian migrant who arrived in Germany two years ago has been arrested on suspicion of seeking funds from Islamic State to drive truck bombs into a crowd, a German state prosecutor’s office said on Monday. The arrest follows an attack two weeks ago when a Tunisian whose asylum request had been rejected rammed a truck into a Berlin Christmas market, […]

By Luke Baker | JERUSALEM JERUSALEM Police investigators began questioning Prime Minister Benjamin Netanyahu at his official residence in Jerusalem on Monday on suspicion of receiving gifts from businessmen in breach of his role as a public servant, Israeli media said. The move was authorised by Attorney General Avichai Mandelblit, who decided after a preliminary inquiry that there was enough evidence to open a criminal investigation, Haaretz […]

Photo Prime Minister Benjamin Netanyahu of Israel at a cabinet meeting in Jerusalem in December. “This will all come to nothing, because there is nothing,” he has said repeatedly of recent accusations of impropriety against him. Credit Pool photo by Amir Cohen JERUSALEM — Police investigators arrived at the official residence of Prime Minister Benjamin Netanyahu on Monday evening to question him, indicating that Israel’s attorney general […]

WASHINGTON At least 188 civilians have been killed in U.S.-led strikes against Islamic State targets in Iraq and Syria since the operation began in 2014, the U.S. military said in a statement on Monday. The Combined Joint Task Force, in its monthly assessment of civilian casualties from the U.S. coalition’s operations against the militant group, said it was still assessing five reports of unintentional deaths from four […]

By Alonso Soto | BRASILIA BRASILIA Around 60 people have been killed in a bloody prison riot sparked by a war between rival drug gangs in the Amazon jungle city of Manaus, officials said on Monday, in some of the worst violence in years in Brazil’s overcrowded penitentiary system. The head of security for Amazonas state, Sergio Fontes, told a news conference that the death toll could […]

The UAE has moved up a global list of the best destinations for expats to enjoy a successful career while Bahrain is also in the world’s top 10 places to move to. The UAE now ranks as the fourth best destination after moving up two places on 2015 in the new data released by HSBC. Bahrain, ranked 10th, fell three places compared to last year’s list, while […]

Welcome to a new year and the pressing market issues facing investors as they look to put money to work and navigate 2017. Geopolitical surprises upended expectations last year and few predicted that 2016 would end with a global bull market in equities, while bond yields remain relatively low. Will strategists be any better at forecasting this time around? Here are the big questions that will preoccupy […]

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