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Australian rail freight company Aurizon has announced the termination of its Freight Management Transformation (FMT) project, contracted to SAP since 2014, resulting in an impairment charge of AU$64 million. The FMT project in 2014 attempted to bring 18 separate legacy systems used for logistics planning, scheduling, ordering, and billing into a single platform. However, following a review of the project, the Australian Securities Exchange (ASX)-listed company has […]

By Tom Allard and Agustinus Beo Da Costa | JAKARTA JAKARTA Indonesian police will block a rally in Jakarta next month led by the hardline Islamic Defenders Front (FPI) if the group intends to make it political just days before an election for city governor that has raised religious tension. The FPI has led two rallies over the past year targeting the ethnic Chinese, Christian Jakarta governor, […]

By Simon Lewis and Shwe Yee Saw Myint | YANGON YANGON The office of Myanmar’s civilian president said on Tuesday that the assassination of a lawyer advising the ruling party on amending a military-drafted constitution was likely an effort to destabilise the country. A lone gunman shot Ko Ni, 63, an adviser to the ruling National League for Democracy, in the head in front of onlookers as […]

By Ginger Gibson and David Shepardson | WASHINGTON WASHINGTON Days before a group of Republican lawmakers were due to discuss their party’s controversial proposal to tax all imports, Toyota Motor Corp (7203.T) sent an urgent message to its U.S. dealers – tell the politicians the tax would seriously hurt car buyers. Some of Toyota’s 1,500 dealers heeded the call and contacted members of the House of Representatives’ […]

A “handful of people” have been stopped from flying to the United States from Dubai International Airport following a US travel ban on seven Muslim-majority countries, the airport operator’s chief executive said on Monday. “The effect has been very minimal at the moment. We don’t have the exact figures but literally a handful of people have had to be looked after and repatriated to their point of […]

The publication of Michael Lewis’s book Flash Boys in 2014 thrust the arcane world of ultra-high frequency trading firms into the popular consciousness, prompting debate over everything from the industry’s morality to the possible risks it posed to financial stability. What was undeniable was how several of these companies were staggeringly profitable, generating hundreds of millions of dollars by trading at speeds made up of fractions of […]

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 […]

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Investors, economists and strategists have begun to question their enthusiasm for Donald Trump’s new administration, following the president’s decision to block entry to the US from seven Muslim-majority countries. Mr Trump’s travel clampdown appeared to knock some of the confidence from markets, after stock indices reached record highs last week following speculation the new president will deliver faster economic growth and accelerating price rises — dubbed “Trumpflation”. […]

JEDDAH: The Palestinian Authority has urged the International Criminal Court (ICC) to speed up rulings on key issues including Israeli settlements, an official has told Arab News. The authority asked ICC chief prosecutor Fatou Bensouda to expedite rulings on three Palestinian files in order to open a judicial inquiry into the Israeli government’s violations of international law, said Saeb Erekat, secretary-general of the Palestinian Liberation Organization (PLO).This […]

BEIJING China’s second aircraft carrier is “taking shape” after two years and nine months of construction, local media reported, a move likely to further unnerve Taiwan and other neighbours about Beijing’s growing military assertiveness. Construction of The Shandong, named after a province in China’s east coast, began in 2014, the APP of Shandong television and radio said in a report seen on Tuesday. The Shandong, China’s first […]

WASHINGTON/SEOUL U.S. Defense Secretary James Mattis and his South Korean counterpart agreed during a phone call on Monday to strengthen their defense against “the evolving North Korean threat,” the Pentagon said, amid reports the North may be preparing a new missile test. Mattis, who is to visit South Korea on Thursday, reaffirmed to South Korean Defense Minister Han Min-koo the U.S. commitment to defend the country and […]

By Terray Sylvester | CANNON BALL, N.D. CANNON BALL, N.D. Dump trucks and heavy machinery rolled into the protest camp near the site of the Dakota Access Pipeline on Monday, and crews began filling large dumpsters with garbage that has accumulated, much of it now buried under snow. The clean-up marked cooperation among authorities and camp organizers. The decision to clean the site, where a few hundred […]

By Kevin Dougherty | QUEBEC CITY QUEBEC CITY The French-Canadian student charged in a shooting spree that killed six people at a Quebec City mosque was known in online circles as a supporter of far-right French politician Marine Le Pen and described by a former classmate as a “nerdy outcast.” Alexandre Bissonnette, 27, the sole suspect in Sunday night’s shooting, was charged on Monday with six counts […]

The ranks of business leaders attacking Donald Trump’s immigration clampdown swelled on Monday as executives at several large US companies criticised the measures while Amazon said it was considering a legal challenge. Executives at the financial groups Goldman Sachs, Citigroup and MasterCard, the carmaker Ford and beverage group Coca-Cola risked a clash with the president as they criticised the restrictions on travellers from seven Muslim-majority countries. Amazon’s Jeff […]

Syrian armed forces appear to have retaken the contested Barada Valley area north of Damascus, the capital’s main source of water, signaling a possible end to a war-induced shortage that has left millions of inhabitants thirsty and dirty for six weeks. Syrian government news media reported on Monday that hundreds of rebel fighters and their families had evacuated the Barada Valley, under an agreement reached on Sunday. […]

January 31, 2017 by: Hudson Lockett in Hong Kong Tuesday 01:50 GMT Overview A shaky Monday for US stocks rolled into Asian trading on Tuesday as confusion persisted over President Donald Trump’s executive order to clampdown in immigration and ahead of the Bank of Japan’s interest rates decision. Hot topic Stock markets remained closed in Hong Kong and China for the lunar new year holiday, but those […]

By Julia Edwards Ainsley | WASHINGTON WASHINGTON The U.S. government has granted waivers to let 872 refugees into the country this week, despite President Donald Trump’s executive order on Friday temporarily banning entry of refugees from any country, according to an internal Department of Homeland Security document seen by Reuters. A Homeland Security official, speaking on condition of anonymity, confirmed the waivers, noting that the refugees were […]

Even by Trumpean standards, it verged on an epic surprise. During his daily briefing cum lecture Monday, White House Press Secretary Sean Spicer sharply asserted, “They should either get with the program or they should go.” And he heralded President Trump’s new “One In, Two Out” mantra. But, stunningly, he was not referring to the press! One might have assumed that, given Sunday comments by Kellyanne Conway, […]

By John Walcott and Julia Edwards Ainsley | WASHINGTON WASHINGTON When Donald Trump’s administration put together its controversial executive order on immigration, it was Steve Bannon – the populist firebrand fast emerging as the president’s right-hand man – pushing a hard line. Senior officials at the Department of Homeland Security (DHS) interpreted the order to mean that lawful permanent residents – green card holders – who hailed […]

In what those with a flair for the dramatic might be allowed to call “mutiny”, Deputy Attorney General Sally Yates, who is the current acting Attorney General, has given orders to the Justice Department not to defend Trump’s executive order. Her just released statement is below: On January 27, 2017, the President signed an Executive Order regarding immigrants and refugees from certain Muslim-majority countries. The order has […]

By Hamid Shalizi and James Mackenzie | KABUL KABUL Atta Mohammad Noor, one of Afghanistan’s most powerful regional leaders, is in talks with President Ashraf Ghani to join the central government, a move that could shake up the country’s politics ahead of elections scheduled for 2019. Negotiations have been going on for weeks, and while the outcome is uncertain and it is unclear what role Noor would […]

By Rodrigo Campos | NEW YORK NEW YORK Major U.S. stock indexes posted their largest drop so far in 2017 on Monday as investors worried that a curb on immigration ordered by Donald Trump was a reminder that some of the U.S. president’s policies are not market-friendly. An executive order issued by Trump on Friday banned immigration from seven Muslim-majority countries, including legal residents and visa holders, […]

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 […]

Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, receives Angelino Alfano Minister of Foreign Affairs and International Cooperation of Italy (C). Seen with Dr Anwar Gargash, Minister of State for Foreign Affairs, during a Sea Palace barza. Mohamed Al Hammadi / Crown Prince Court — Abu Dhabi Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy […]

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