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Emirates will shift aircraft to destinations in Malaysia, Oceania and Africa as the airline scrambles for alternatives after eliminating 25 weekly flights to the US in the fallout from President Donald Trump’s travel restrictions. Planes on US routes usually fly more than 80 percent full in the summer season but are now “percentage points” less than that, hurting the flights’ profitability, Emirates President Tim Clark said in […]

The London market broke a four-day losing streak as the week’s spate of sterling-induced selling eased and consumer stocks from Burberry to Unilever put in robust performances. The marginal gains for the FTSE 100 were not enough to reverse Wednesday’s fall into losses for the year for the benchmark. But UBS maintaining that Burberry was its “preferred turnround name in luxury” and top pick in that European […]

By David Lawder | WASHINGTON WASHINGTON World financial leaders gathered in Washington on Thursday with pledges to work with U.S. President Donald Trump to fix lingering trade problems while vowing to keep their commitments to free trade and global integration. Worries over Trump’s approach to trade, taxes, financial regulation and climate change clouded the start of the International Monetary Fund and World Bank spring meetings, even amid […]

The US has set the stage for a global showdown over steel, launching a national security investigation that could lead to sweeping tariffs on steel imports in what would be the first significant act of economic protectionism by President Donald Trump.  The decision to use a 1962 law allowing the US government to limit imports that threaten its security readiness is intended to deliver on Mr Trump’s […]

The biggest risk, critics say, is that Mr. Trump will talk himself into a war. Only slightly less dangerously, he could weaken the nation’s standing by backing off from a threat to use force. Continue reading the main story “In Beijing, Moscow, Tehran, they are recalibrating their strategies — you can’t deny it — because they don’t have any idea of how Trump will respond,” said Senator […]

There’s little doubt from the budget offered last month that Donald Trump wants to take the government in some radically different directions than that of his predecessor in the Oval Office, Barack Obama. Trump’s initial blueprint for fiscal year 2018 calls for massive increases in military spending and immigration enforcement, along with hefty reductions in foreign aid, environmental protection and a grab bag of social programs. But beyond the […]

CAIRO: US Secretary of Defense Jim Mattis arrived in Cairo Thursday on the latest leg of a regional tour, as ties with Egypt continue to warm under President Donald Trump.After touching down at Cairo airport, Mattis set off to meet President Abdel Fattah El-Sisi, who was hailed by Trump during a White House visit earlier this month.Sissi’s visit marked a shift in relations after Trump’s predecessor Barack […]

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BERLIN Ivanka Trump will meet German Chancellor Angela Merkel and International Monetary Fund head Christine Lagarde in Berlin next Tuesday at a summit of women from leading world economies, the organisers said. Trump, who is an informal advisor to her father, United States President Donald Trump, will join Merkel and Lagarde for a podium discussion on global support for women entrepreneurs at a two-day G20 women’s summit. […]

Jose Vicente Salazar, ERC chairman and CEO (File photo from Philippine Daily Inquirer) The chair of the Energy Regulatory Commission (ERC), Jose Vicente Salazar, may have to face his battles alone after the four commissioners of the agency tasked with regulating the power industry on Thursday brought a complaint against him to the Civil Service Commission (CSC). In a joint affidavit, ERC Commissioners Alfredo Non, Gloria Victoria […]

Wall Street still exudes widespread optimism that 2017 will provide another year of solid if unspectacular economic growth and only gentle interest rate rises. With the S&P 500 up over 4.5 per cent for the year, here is a series of charts that will hearten investors of a more bearish persuasion. While there are good reasons why each chart should not be taken too seriously, together they […]

By Jake Spring | SHANGHAI SHANGHAI When Chinese automaker GAC Motor was preparing to enter the United States market it foresaw challenges in product localization and regulation, but didn’t see any issue with the name of its flagship brand, Trumpchi. Executives at the firm and its parent Guangzhou Automobile Group (601238.SS) say they may now change the Trumpchi brand – which was meant to sound like its […]

MOSCOW Vladimir Putin said on Thursday that only the Russian people will choose who succeeds him as president, through the electoral process. Russia will hold a presidential election in March next year. Putin has not said whether he will run or not, but is widely expected to go for what would be his fourth term. “The president’s successor will be decided by the Russian people only during […]

By Roberta Rampton | JAKARTA JAKARTA U.S. Vice President Mike Pence toured Southeast Asia’s largest mosque on Thursday during a visit to Indonesia, calling the Muslim-majority nation’s tradition of following a moderate form of Islam “an inspiration to the world”. Pence, an evangelical Christian, has sought to use his trip to soften some of the harsher edges of rhetoric about the Muslim world used by U.S. President […]

By Sarah White and Yann Le Guernigou | PARIS PARIS Hard-left presidential challenger Jean-Luc Melenchon and conservative Francois Fillon were neck-and-neck behind the frontrunners in an opinion poll on Thursday, as candidates made last-ditch appeals to undecided voters. Voters will cast their ballots on Sunday in the first round of what has transformed into the most unpredictable French election in living memory, with four candidates within reach […]

By Adam Jourdan | SHANGHAI SHANGHAI German sports apparel brand adidas AG (ADSGn.DE) expects its huge operating margin in China to shrink slightly in the long term, while its small U.S. margin grows markedly in the near term, its new chief executive officer said on Thursday. Kasper Rorsted, on his first visit to China since taking the helm in September, said adidas’ margin in Greater China of […]

The interiors of Inked at Alserkal Avenue in Al Quoz are reworked and sectioned off into 10 tiny roofless rooms. Behind each door is a different narrative, complete with vivid scenery and at least one actor or dancer. In one, a girl writes down her dreams and hangs each note on an apple tree; in another, a baker describes the secret ingredients in his pastel-coloured, ornately iced […]

With ‘Never-Trump’-ers still convinced he is Hitler and ‘Trump’-ers questioning their reality at his recent flip-floppery, many in the country are asking why should we support this President (even as his approval ratings rise with each warmongering threat). Well there is a simple – and perhaps greedy – reason… the world’s debt and equity markets have gained over $8 trillion since his election and a loss of […]

President Donald Trump can’t hide behind presidential immunity to avoid a defamation lawsuit filed against him before he took office, attorneys for a woman suing him argued in court papers filed Monday. Former “Apprentice” contestant Summer Zervos sued Mr. Trump for defamation in January over comments he made during his campaign saying she lied about a […] (via WSJ)

ANKARA Turkey’s justice minister said on Thursday that any opposition challenge to a referendum that expanded President Tayyip Erdogan’s powers would be rejected by the constitutional court, and Europe’s human rights court had no jurisdiction on the matter. The main opposition CHP party said on Wednesday it was considering taking its appeal for the referendum to be annulled to Turkey’s Constitutional Court or the European Court of […]

MANILA Russian navy vessels arrived in the Philippines on Thursday for joint exercises as part of a drive for new security ties under President Rodrigo Duterte’s revamped foreign policy of courting the traditional foes of Manila’s top ally, Washington. The guided-missile cruiser Varyag, accompanied by the fuel tanker ship, Pechenge, are on a four-day goodwill visit to the Philippines, the second port call by Russian warships in […]

Thursday 08:00 BST What you need to know ● European bourses soft despite positive Asia session and as US futures steady● Energy shares under pressure as oil struggles to recover from sell-off ● Dollar soft as sterling and euro shrug off election concerns● Sovereign bond yields hold near recent lows ● Gold prices add 0.1 per cent to $1,281 an ounce——————- Hot topic Oil prices are steadier […]

Editor’s note: This article was previously published on Medium. The author is the executive director of LION Publishers, a national network of independent news sites. Margaret Sullivan is right to sound the alarm about what steep newspaper cuts are doing to local journalism across the country, but her April 16 Washington Post column misses the story of what is replacing, and has the potential to replace, the […]

WASHINGTON A Russian government think tank controlled by Vladimir Putin developed a plan to swing the 2016 U.S. presidential election to Donald Trump and undermine voters’ faith in the American electoral system, three current and four former U.S. officials told Reuters. They described two confidential documents from the think tank as providing the framework and rationale for what U.S. intelligence agencies have concluded was an intensive effort […]

BEIJING China has issued stricter regulations requiring officials to report personal information, including assets, to the ruling Communist Party, state media said, in the country’s latest effort to tackle corruption. China’s President Xi Jinping sees extravagance and corruption as an existential threat to the party, whose authority is in part predicated on its ability to spread the gains of China’s growth fairly among the Chinese people. His […]

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