Brazil’s economy shrank 3.6 per cent last year as high inflation, a runaway budget deficit and political turmoil drove the country to its worst recession on record. The contraction, which was felt across almost all economic sectors from industry to services, was slightly worse than economists’ estimates and only marginally better than 2015, when gross domestic product contracted 3.8 per cent. GDP in the final three months […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. When it comes to Russian hacking and other subterfuge, the obvious and unavoidable media and political talk involves either the Clinton presidential campaign or the Trump White House. As Bloomberg’s Michael Riley discloses, there’s more for the press to obsess […]
Etihad Aviation Group employs nearly 10,000 women as it marks International Women’s Day 07 March 2017 Her Highness Dr. Sheikha Shamma bint Mohammed Al Nahyan has made a special visit to Etihad’s Global Business Service Solutions (GBSS) facility in Al Ain. Today’s visit was part of Etihad Aviation Group’s (EAG) activities to mark International Women’s Day, recognised internationally on 8 March each year to celebrate the achievements […]
Donald Trump is not alone. When the US president complained, just before taking office, at the size of his country’s trade gap with Germany, he highlighted an issue that has long been the source of irritation in Washington and beyond. It is a topic that is now also stimulating debate within Germany — with possible consequences for the country’s trade ties with the rest of the world […]
Photo A fighter in the Syrian Democratic Forces, an American-backed militia, in the outskirts of Deir al-Zour last month. The militia said it had seized the route linking Raqqa to Deir al-Zour Province on Monday. Credit Delil Souleiman/Agence France-Presse — Getty Images The Islamic State appeared to suffer an important setback on Monday when American-backed militia fighters in Syria seized the main route that connects Raqqa, the […]
Few institutions embodied the eurozone crisis more clearly than Bankia, the Spanish lender which was bailed out in 2012. Yet you would have been hard pressed to see any signs of that as the lender tapped debt markets this month. The bond sale by Bankia, still majority owned by the Spanish government, attracted almost €5bn in orders for the €500m of debt it sold. Its “tier 2” […]
As the President gets ready to sign a new immigration executive order today (see our note here: “Trump To Sign New Executive Order On Travel Bans Today: Will Exclude Iraq, Green Card Holders“), a group of overly burdened federal immigration judges are wondering whether they’ll get additional support to tackle their already massive caseload which is sure to only balloon further under Trump’s new rules. As the […]
Lockheed Martin US military officials are gunning for modifications to offensive planes to make them capable of using lasers in warfare. Last week, US Air Force leaders met at the annual AirWarfare Symposium to discuss next-generation and new technologies for the military. According to Air Force Special Operations Command chief Lt. Gen. Brad Webb, the current top priority mission is to secure funding to load and test […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian shares rose on Tuesday, diverging from New York markets that slipped on concern about President Donald Trump’s ability to focus on economic policies. Oil prices were slightly lower amid fears growing U.S. production will offset OPEC cuts. Futures are pointing to a positive open for Britain’s FTSE 100 .FTSE and France’s CAC 40 .FCHI. MSCI’s broadest index of Asia-Pacific shares […]
Sheikh Mohammed bin Rashid, Vice President, Prime Minister and Ruler of Dubai, and Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, visit the new headquarters of the Federal Competitiveness And Statistics Authority. Wam During his visit, Sheikh Mohammed bin Rashid, Vice President, Prime Minister and Ruler of Dubai, said stronger cooperation and coordination between local and federal agencies is needed to successfully implement the National Agenda and […]
March 7, 2017 by: Song Jung-a and Bryan Harris in Seoul and Jeevan Vasagar in Singapore North Korea’s latest missile tests were a rehearsal for an attack on US forces in Japan, Pyongyang has revealed, ratcheting up tensions with two of its sworn enemies even as relations with erstwhile ally Malaysia took a nosedive. The increasingly isolated nation on Monday launched a barrage of ballistic missiles into […]
Photo Graffiti in Sana, Yemen, protested American drone operations in the country last year. The United States has carried out over 40 airstrikes in the country in the past week. Credit Yahya Arhab/European Pressphoto Agency WASHINGTON — For a fifth consecutive night, American warplanes and drones on Monday pummeled suspected Qaeda targets in Yemen as the Pentagon said an earlier attack in the country had killed a […]
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has exceeded five million followers on social media site Instagram. The Crown Prince is a tour de force on Instagram, with two of his biggest interests being adventure sports and photography. Best of all, followers are often offered insight into his family life. His Faz3 account announced the milestone with the words: “Every picture has […]
Republicans on Monday took a step closer towards delivering on Donald Trump’s pledge to scrap Obamacare, by unveiling a long-awaited plan to repeal the healthcare reforms that is set to trigger fierce debate in Congress. The draft legislation, which would roll back many of the core tenets of Barack Obama’s government-led healthcare legacy, was released by Republican lawmakers who have struggled to bridge internecine divisions as they […]
Tuesday 02:00 GMT Overview Markets were in wait-and-see mode in Asia trading with investors in Australia awaiting an interest rates decision from the country’s central bank. Hot topic Tokyo’s Topix index was flat, while the Nikkei 225 index was off 0.1 per cent. Nintendo was a bright spot with its shares climbing just over 2 per cent, on track for a third straight day of gains following […]
By Ernest Scheyder | HOUSTON HOUSTON Exxon Mobil Corp (XOM.N), the world’s largest publicly traded oil producer, said on Monday it would invest $20 billion through 2022 to expand its chemical and oil refining plants on the U.S. Gulf Coast. The investments at 11 sites should create 35,000 temporary construction jobs and 12,000 permanent jobs, Chief Executive Darren Woods said in a speech at CERAWeek, the world’s […]
ABU DHABI // Qasr Al Hosn is expected to open next year after a renovation project is finished at the historic site. The fort is regarded as Abu Dhabi’s symbolic birthplace and plans for conservation work have been under way for years. The announcement was made at a majlis held at the fort on Monday by Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy […]
Monday 21:56 GMT Overview Global equities sold off on Monday, encouraging flows into sovereign debt, after Asian markets were rattled by North Korea firing missiles into the Sea of Japan and the Federal Reserve’s interest rate meeting drew nearer. US President Donald Trump’s latest spat with the country’s security services may also be damping the mood somewhat as markets continue to price in a rate rise by […]
By Sophie Louet and Claude Canellas | PARIS/BORDEAUX PARIS/BORDEAUX Francois Fillon fought off a rebellion that had threatened to end his candidacy for the French presidency on Monday as party leaders swung behind the centre-right former prime minister despite allegations that he had misused public funds. Hours after party heavyweight Alain Juppe ruled out challenging Fillon, the conservative Republicans’ party leadership unanimously backed their beleaguered candidate, Senate […]
JUBA A disaffected South Sudanese army general who quit his position last month announced on Monday that he had formed a new anti-government rebel group, underscoring mounting resistance to the rule of incumbent president Salva Kiir Lieutenant General Thomas Cirillo Swaka, formerly deputy head of logistics, resigned after he accused Kiir of turning the country’s military into a “tribal army.” The military, police and other security branches, […]
Sheikh Mohammed, the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, visited the Presidential Guard Training Centre at Mahawi Military Camp on Monday. Ryan Carter / Crown Prince Court – Abu Dhabi Sheikh Mohammed bin Zayed and Sheikh Hazza bin Zayed, Deputy Chairman of the Abu Dhabi Executive Council, at the Mahawi Military Camp. Rashed Al Mansoori / Crown Prince Court – […]
President Donald Trump is siding with rightwing news outlets over his own FBI director in a dispute over unsubstantiated claims that former President Barack Obama ordered the wiretapping of Mr Trump during last year’s election. Sarah Huckabee Sanders, a White House spokeswoman, said on Monday that the president does not accept FBI director James Comey’s dismissal of Mr Trump’s weekend claim that Mr Obama had tapped the […]
Mr. Trump signed the first ban with great fanfare, in front of reporters, at the Pentagon. “We don’t want them here,” Mr. Trump said of Islamist terrorists. “We want to ensure that we are not admitting into our country the very threats our soldiers are fighting overseas. We only want to admit those into our country who will support our country, and love deeply our people.” Video […]
Drastic cuts in oil industry investment risk creating a shortfall in supply that by 2020 will expose the market to a surge in prices, the International Energy Agency has warned. Despite a chorus of analysts predicting a decline in oil consumption in the coming years, as governments push for energy efficiencies, cleaner fuel usage and electric cars, the IEA cautioned in its five-year outlook: “We see no […]
