Since at its core, yesterday’s 1-page “tax plan” was a Goldman creation, who better to explain what Trump offered than Goldman Sachs itself, which it did overnight in a far lengthier note from its chief Washington analyst Alec Phillips. Here is Goldman with an elaboration of the handful of bullet points contained on the much anticipated one page, extended to 6 pages. Q&A on the President’s Tax […]
By Jeffrey Heller | JERUSALEM JERUSALEM The Palestinian Authority told Israel on Thursday it will no longer pay for the electricity Israel supplies to Gaza, Israeli officials said, a move that could lead to a complete power shutdown in the territory whose two million people already endure blackouts for much of the day. The decision was another sign of a hardening of Palestinian Authority policy towards its […]
A UAE court on Wednesday sentenced an Iranian to 10 years in prison followed by deportation for attempting to ship a generator to his home country in breach of international sanctions. The appeals court in Abu Dhabi found the unnamed man guilty of “attempting to export a power generator to Iran for its nuclear programme, in breach of international sanctions,” state news agency WAM reported. It did […]
MANILA, Philippines — The Republic of the Philippines and Brunei Darussalam issued a joint statement following the state visit of Prime Minister Hassanal Bolkiah to Manila. Bolkiah is also in the country to attend the 30th Association of Southeast Asian Nations Summit at the Philippine International Convention Center on Saturday. Read the full statement below. 1. At the invitation of the President of the Republic of the Philippines […]
Integrated lifestyle development establishes a new benchmark for experiential travel in the region Dubai, UAE – 27 April 2017 – Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, together with Marriott International (NASDAQ: MAR) today announced plans to launch the region’s first cinema-themed concept at Aloft Dubai City Centre Deira. The concept will feature a unique […]
By Michael Martina and Ju-min Park | BEIJING/SEOUL BEIJING/SEOUL China on Thursday welcomed an apparently softer tone by the United States on the North Korean nuclear and missile crisis but stressed its opposition to a U.S. missile defence system being deployed in South Korea. China has long promoted dialogue to resolve the “Korean nuclear issue” as North Korea has repeatedly threatened to destroy the United States which […]
By Joseph Nasr | DORTMUND, Germany DORTMUND, Germany For all its economic success, Germany has a growing problem with inequality and poverty, and yet Chancellor Angela Merkel seems to be deflecting the blame so far as the battlelines are drawn for elections in September. GRAPHIC – German income inequality tmsnrt.rs/2p3AtK4 Renowned for its highly-skilled workforce, Germany has in fact a greater proportion of working poor – people […]
By Brian Ellsworth | CARACAS CARACAS Protesters blocked a highway in Venezuela’s capital Caracas for nearly eight hours this week in an effort to show the opposition’s dedication to civil disobedience as their main tool to resist President Nicolas Maduro. But by the end of the afternoon, hooded youths had filled the highway with burning debris, looted a government storage site, torched two trucks and stolen medical […]
The big announcement of the really, really big Trump Tax Plan with the “biggest tax cuts in history” came out bigly on Wednesday, as Trump promised. Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn, Trump’s latest tax team, beamed proudly as they presented their baby. The stock market took a deep breath, then looked at their brainchild and completely petered out. First, let me say, I clearly have nothing to recant […]
European companies have been slow to capitalise on this week’s market rally — a pause in issuing new bonds that bankers do not expect to last with borrowers set to return as the spring earnings season progresses. There was no investment grade euro bond issuance from non-financial corporates last week as debt issuers sat on the sidelines ahead of the first round of the French presidential election […]
By Mica Rosenberg and Dan Levine | NEW YORK/SAN FRANCISCO NEW YORK/SAN FRANCISCO Even if President Donald Trump wins an appeal of a court ruling blocking his executive order on sanctuary cities, arguments made by the government in the case could permanently harm its efforts to cut off federal funding to targeted cities, some legal experts say. Trump’s original order, issued on Jan. 25, stated that cities […]
A Malta magistrate is investigating explosive claims of money laundering and corruption that have put New Zealand in the middle of a global cash trail from the family of Azerbaijan president Ilham Aliyev. President Aliyev’s daughter, Leyla Aliyeva, is alleged to have channelled more than $1.5 million to senior figures of the Malta government, including Prime Minister Joseph Muscat’s wife. These include alleged payments to Panama companies […]
By Steve Holland | WASHINGTON WASHINGTON U.S. President Donald Trump told the leaders of Canada and Mexico on Wednesday that he will not terminate the NAFTA treaty at this stage, but will move quickly to begin renegotiating it with them, a White House said. The announcement came after White House officials disclosed that Trump and his advisers had been considering issuing an executive order to withdraw the […]
Donald Trump has decided not to pull the US out of the North American Free Trade Agreement, agreeing instead with his Canadian and Mexican counterparts to “proceed swiftly” with negotiations to update the agreement, according to the White House. The move came in hastily arranged calls between the three leaders after news leaked that the White House was considering unveiling an executive order on Saturday that would have […]
The remarks, in an interview that was recorded Tuesday, came at the end of Ms. Trump’s rocky 24-hour trip this week to Germany, her first official foray since taking a West Wing office last month. Continue reading the main story A spokeswoman for Ms. Trump did not respond to questions about her position on immigration — or about whether her remarks were intended to pressure her father. […]
PARIS Fewer French voters believe centrist Emmanuel Macron got off to a good start in the last lap of France’s presidential election than far right leader Marine Le Pen, a poll showed on Thursday. Macron, the favourite to win the presidency, has suffered several costly public relations missteps since he and Le Pen qualified in a first round of voting on Sunday for the decisive May 7 […]
Small Australian internet service provider (ISP) Comvergence has begun deploying the nation’s first G.fast services using the AXOS solution from broadband communications access systems and software provider Calix. The G.fast service is being provided to businesses across Sydney and Melbourne, with Calix’s AXOS E5-16F G.fast node and 801F GigaPoints being installed inside multi-tenant units. The service is currently delivering symmetrical speeds of around 300Mbps, with the capacity […]
Breitbart News hit a wall Tuesday in its campaign to storm the ramparts of the media establishment when one of the most influential press associations in Washington, D.C. denied its application for credentials to cover Congress because of concerns over the site’s funding, staffing, workspace and independence. The decision by the Standing Committee of Correspondents of the House and Senate Press Gallery — a body chaired by […]
Turkish policymakers surprised investors by tightening monetary conditions on Wednesday, helping to support the lira on a day of widespread weakness across emerging market currencies and prompting some to rethink their pessimism towards the country. While the Turkish central bank kept its main interest rates unchanged, it defied expectations by raising the late liquidity lending rate by 50 basis points. Describing the move as “a hawkish surprise”, […]
CARACAS Venezuela said on Wednesday it was withdrawing from the Organization of American States, deepening the diplomatic isolation of the socialist-run nation that is already out of step with Latin America’s steady shift to the right. Critics of President Nicolas Maduro have said Venezuela could be expelled from the group, accusing his government of eroding the country’s democracy by delaying elections and refusing to respect the opposition-led […]
UAE officials met Pope Francis in the Vatican on Wednesday about the importance of promoting tolerance worldwide and preventing prejudice, extremism and violence. The delegation was headed by Sheikha Lubna Al Qasimi, Minister of State for Tolerance, who also met Cardinal Jean-Louis Tauran, president of the Pontifical Council for Interreligious Dialogue. Sheikha Lubna described the UAE’s “philosophy of tolerance” and emphasised the need to promote communication and […]
Two of America’s most prominent Republican dynasties — the Bushes and the Romneys — are locked in a $1bn-plus battle to acquire the Miami Marlins baseball team, in a tangled sale process that previously included a rival bid from the family business of Jared Kushner. A consortium bid fronted by Jeb Bush, the former Florida governor and presidential candidate, and Derek Jeter, the retired New York Yankees […]
There was some snickering two days ago when it emerged that as his first paid speech appearance, former president Barack Obama who – at least on paper was a determined crusader against the big banks – will receive $400,000 for roughly an hour of his time from, well, a bank or rather Cantor Fitzgerald. Moments ago, Obama seemingly concerned by the public response the news has generated, […]
By Phil Stewart and David Brunnstrom | WASHINGTON WASHINGTON The Trump administration said on Wednesday it aimed to push North Korea into dismantling its nuclear and missile programs through tougher international sanctions and diplomatic pressure, and remained open to negotiations to bring this about. The U.S. stance, which appeared to signal a willingness to exhaust non-military options in spite of repeated warnings that “all options are on […]
