CAIRO Eight people were killed on Saturday after a shell landed on a house in southern Rafah, in the north of Sinai, eye witnesses and medical sources said. There was no immediate claim of responsibility for the attack and witnesses and medical sources said the source of the shell was unknown. Rafah is on the border with Gaza. Egyptian forces have been fighting an Islamist insurgency in […]
Newly elected EU Parliament President Antonio Tajani has indirectly rejected claims that he backtracked on his position about the Panama Papers scandal in Malta from almost a year ago, saying that his new position as EP President precludes him from divulging his personal opinion on the matter. He also claimed that he will be willing to speak about the Panama Papers scandal after the […]
By Noel Randewich | SAN FRANCISCO SAN FRANCISCO U.S. President Donald Trump’s administration is only hours old, but already a small parade of S&P 500 companies’ chiefs have voiced optimism that his promised tax cuts, stimulus spending and deregulation will boost corporate profits. In the days ahead of Friday’s inauguration, senior executives from Morgan Stanley (MS.N), Delta Air Lines (DAL.N) and other major U.S. corporations said the […]
Apple has filed a $1bn lawsuit against Qualcomm accusing the chipmaker of abusing a monopoly position, after the US and South Korean regulators argued it exploited its market dominance at the expense of handset makers. Shares in Qualcomm fell 2.4 per cent to $62.88 just before the markets closed on Friday when the lawsuit was published. This is the first direct challenge by one of Qualcomm’s major […]
By Gulsen Solaker and Tuvan Gumrukcu | ANKARA ANKARA The Turkish parliament has backed a plan to strengthen the powers of the presidency, paving the way for a referendum on the issue in spring which, if passed, could allow President Tayyip Erdogan to stay in office until 2029. Erdogan says the reform will provide stability in the European Union candidate country at a time of turmoil and […]
In 2015, Malian businessman and former interim prime minister Cheick Modibo Diarra told Arabian Business: “When it comes to investment…Africa really is the last frontier. Be it agriculture, energy production, extraction of gold and diamonds, or oil and gas, we have a lot of opportunities and a young workforce that understands how business works.” He was speaking at a time when interest in Africa among Middle East […]
By Steve Holland and Emily Stephenson | WASHINGTON WASHINGTON Donald Trump took power as the 45th president of the United States on Friday and pledged to end what he called an “American carnage” of rusted factories and crime in an inaugural address that was a populist and nationalist rallying cry. Striking a defiant tone, Trump said American workers have been devastated by the outsourcing of jobs abroad. […]
There is no doubt that 2016 was a milestone year for utility-scale solar in the Middle East. The UAE set – and then reset – the benchmark for low-cost solar electricity; Saudi Arabia made its highest level commitment to investing in solar; and Jordan commissioned its largest utility-scale solar power plant and announced plans to tender a new round of projects. In fact, these three countries alone […]
As the nation’s capital prepared to celebrate the inauguration of the nation’s 45th President, Senators confirmed President Donald Trump’s nominees for Secretary of Defense and the Secretary of the Department of Homeland Security. Retired Generals James (“Mad Dog”) Mattis and John F. Kelly were approved by votes of 98-1 and 88-11, respectively. Attorney General nominee Sen. Jeff Sessions, the Alabama Republican, did not vote for either candidate. […]
President Trump’s brief inaugural speech was a declaration of war against the entirety of the American Ruling Establishment. All of it. As Paul Craig Roberts details, Trump made it abundantly clear that Americans’ enemies are right here at home: globalists, neoliberal economists, neoconservatives and other unilateralists accustomed to imposing the US on the world and involving us in endless and expensive wars, politicians who serve the Ruling […]
By Jamie McGeever and Marc Jones | LONDON LONDON For financial markets, the Trump era begins on Monday, and if history is any guide the following month should be a rocky one for Wall Street but positive for the dollar. The S&P 500 .SPX has fallen a median 2.7 percent in the month after each new president has taken the keys to the White House since Herbert […]
Donald Trump launched a promised assault on “burdens” imposed by government within hours of becoming US president on Friday by moving to loosen rules tied to Obamacare and halting the introduction of any new regulations. Between the end of the daytime inaugural parade and the start of evening balls, the Trump administration took its first major policy moves by ordering government agencies to do all they could […]
BANJUL Gambia’s longtime leader Yahya Jammeh said on Saturday he would step down from power in a statement made in the face of pressure from West African armies that invaded his country to remove him after he refused to concede an election defeat to President Adama Barrow. “I have decided today in good conscience to relinquish the mantle of leadership of this great nation,” he said on […]
BEIRUT: Daesh is fighting hard to reinforce its presence in Syria as it loses ground in Iraq, deploying fighters to seize full control of a government-held city in the east while at the same time battling enemies on three other fronts.It underlines the residual strength of Daesh even after its loss of a cluster of cities in Iraq and half of Mosul, and points up the challenges […]
SYDNEY Thousands of protesters in Australia and New Zealand on Saturday joined the first of hundreds of womens’ marches organised around the world in a show of disapproval of U.S. President Donald Trump as he began his first day in office. In Sydney, Australia’s biggest city, about 3,000 people – men and women gathered for a rally in Hyde Park before marching on the U.S. consulate downtown. […]
As steps into power at the White House, one law firm’s close ties to the president are about to pay dividends. Jones Day will have 12 attorneys serving in the Trump Administration, the firm said Friday. Jones Day, which has more than 2,500 lawyers, is among a handful of big firms that has a tradition […] (via WSJ)
By Nate Raymond and Ju-min Park | NEW YORK/SEOUL NEW YORK/SEOUL The U.S. government has asked South Korea to arrest a brother of former U.N. Secretary-General Ban Ki-moon on charges that he engaged in a bribery scheme to carry out the sale of a Vietnamese building complex, a U.S. prosecutor said on Friday. During a court hearing in federal court in Manhattan, Assistant U.S. Attorney Daniel Noble […]
SEOUL South Korea’s culture minister was arrested on Saturday suspected of involvement in drawing up a blacklist of artists critical of President Park Geun-hye amid a graft scandal that led to the president’s impeachment by parliament. Cho Yoon-sun is the first sitting minister ever to be arrested, the special prosecutor’s team, which had applied for an arrest warrant, said. Seoul District Court said on Saturday in a […]
Donald Trump’s November victory ignited the steepest rally from election day to inauguration for a first-term president since John F. Kennedy won the White House in 1960. The charts below tell the tale of the vigorous, and in many ways unexpected, reaction to the rise of the billionaire property developer to the pinnacle of American politics. The S&P 500 index, a broad measure of the performance of […]
Washington Post reporter Dalton Bennett thrown to the ground by riot police. pic.twitter.com/4I442QhEqM — Alex Emmons (@AlexanderEmmons) January 20, 2017 Dalton Bennett, a political video reporter at The Washington Post, was thrown to the ground by police today while covering the protests against President Donald Trump in Washington, D.C. According to reporter Alex Emmons, who’s covering the protests for The Intercept, Bennett was trying to record anti-Trump […]
By Diane Bartz and Stephen Nellis Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, days after the U.S. government accused the chip maker of resorting to anticompetitive tactics to maintain a monopoly over key semiconductors in mobile phones. Qualcomm is a major supplier to both Apple and Samsung Electronics Co Ltd for “modem” chips that connect phones to wireless networks. The two […]
In strange and confusing times, with disenchantment at successive governments aggravated by feelings of insecurity after terrorist attacks, looming elections threaten to produce a socially-divisive outcome France may come to regret. One essential question faces French voters: should they embrace the extraordinary political turmoil that has swept the West and elect Marine Le Pen, leader of the anti-immigration Front National, a party many see as racist, as […]
President Trump signs his first executive order in the redecorated Oval Office of the White House © AP Anti-Trump protestors confront police in Franklin Square, Washington DC, not far from the White House © EPA President and Mrs Trump walk a short part of the inaugural parade along Pennsylvania Avenue © AP President Trump’s limousine moves along the route of the inaugural parade flanked by security © […]
WASHINGTON — As the clock wound down on Barack Obama’s presidency, an Air Force B-52 bomber carried out a punishing airstrike against a training camp of Al Qaeda in Syria, the Pentagon said Friday. The attack, which took place west of Aleppo, killed more than 100 fighters, according to the Pentagon. Armed drones were also involved in the operation, which took place Thursday evening local time. It […]
