MOSCOW — A Russian fighter jet crashed off the Syrian coast on Monday while trying to land on an aging aircraft carrier in the Mediterranean, Russian military officials said. The Russian Defense Ministry blamed a technical failure for the crash of the jet, a MIG-29, according to a ministry statement carried by the Interfax news agency. The pilot, who was the only one in the jet, ejected […]
By Hugh Bronstein | BUENOS AIRES BUENOS AIRES Donald Trump’s election as U.S. president raises concern that Washington may increase the intrusiveness of domestic intelligence gathering, former U.S. spy agency contractor Edward Snowden said on Monday, warning that democratic checks and balances were losing ground to authoritarianism. Snowden lives in Moscow under an asylum deal after he leaked classified information in 2013 that triggered an international furore […]
By Ann Saphir | WICHITA FALLS, Tex. WICHITA FALLS, Tex. Markets are betting heavily that the man Americans last week elected as their next president will enact fiscal and other policies that will boost U.S. growth and inflation, but at least one U.S. central banker is pushing back. Since Republican Donald Trump was elected U.S. president last week, the 10-year Treasury yield has climbed to its highest […]
After months of sending government troops to battle militants blowing up oil pipelines in the Niger Delta, Muhammadu Buhari tried a different tack. The Nigerian president invited the region’s community leaders and traditional rulers to his villa this month for talks — a step energy sector executives hoped could halt a wave of sabotage since January that has cost the country billions of dollars in damages and […]
It was naïve to believe that enough white people would hear everything Donald Trump has said in the last 18 months — let alone five years — and stand in opposition to it. Instead, they stood with it, at a rate of 58 percent. Not necessarily because they’re racists, misogynists, xenophobes or anti-Islam, exactly, but because Trump made it in their interests to do so. They did […]
Brent crude oil dropped below $44 a barrel on Monday to hit its lowest level for three months, as a strengthening US dollar and doubts over Opec’s ability to agree supply curbs when it meets this month led to funds selling out of the market. Hedge funds and other large speculators have been paring their bets on higher oil prices for the past month, with the latest […]
Jeddah, Kingdom of Saudi Arabia, 14 November 2016 The Board of Executive Directors of the Islamic Development Bank (IsDB) has approved US $592.2 million in financing for new development projects in several member countries and some Muslim communities in non-member countries. The major approvals include: US $105 million, for the Fadhili Combined Heat and Power Project (FCHPP), Saudi Arabia Advertisement US $338.5 million, for the High-Speed Train […]
The UAE is to join with the World Economic Forum (WEF) to establish the first permanent policy unit to study and implement measures regarding the “Fourth Industrial Revolution” – the transformation of business and society brought about by technological advances. Mohammed Al Gergawi, UAE Minister for Cabinet Affairs and the Future, announced the initiative at the WEF summit of Global Future Councils in Dubai. He promised full […]
NEW YORK A measure of U.S. inflation expectations held mostly steady at low levels in October, with only some momentum higher, according to a Federal Reserve Bank of New York survey taken before Americans voted in this month’s presidential election. The survey of consumer expectations, an increasingly influential gauge of prices for the U.S. central bank, found that inflation is expected to be identical one and three […]
A global bond market rout intensified on Monday while the dollar strengthened as investors bet that US president-elect Donald Trump’s mix of economic stimulus and protectionism will herald faster growth and the return of inflation. Since Mr Trump’s surprise win in last week’s election, investors have begun to question long-held consensus forecasts for subdued inflation and mediocre growth that underpinned a rally in bonds over the summer. […]
While the pesh merga attacked ISIS from the north and the east, the Iraqi military was approaching from the south. The job of the battalion moving toward Bashiqa was to shore up the eastern front and extend a cordon around Mosul. The Iraqis’ next moves would depend in part on the Kurds’ success. For the moment, in other words, the progress of the central conflict in the […]
DUBAI // Indonesia announced its participation in Expo 2020 Dubai on Monday in a letter from the President Joko Widodo to Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. The letter was delivered to Reem Al Hashimy, Minister of State for International Cooperation by Husin Bagis, the Indonesian ambassador to the UAE. “The ties between the UAE and Indonesia are deep and we hope to […]
By Elias Glenn and Kevin Yao | BEIJING BEIJING China’s economy largely showed further signs of steadying in October as expected, but disappointing retail sales growth and fears of U.S. trade frictions under incoming President Donald Trump are increasingly clouding the outlook. Fixed-asset investment quickened slightly and beat expectations in January-October as the government stepped up infrastructure spending to support growth, official data showed on Monday. But […]
DUBAI // Indonesia announced its participation in Expo 2020 Dubai on Monday in a letter from the President Joko Widodo to Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. The letter was delivered to Reem Al Hashimy, Minister of State for International Cooperation by Husin Bagis, the Indonesian ambassador to the UAE. “The ties between the UAE and Indonesia are deep and we hope to […]
Over 300 senior professionals and 20 experts at summit on best manufacturing practices Dubai, United Arab Emirates, 14 November 2016 Under the patronage of His Highness Sheikh Ahmed Bin Saeed Al Maktoum, Chairman and Chief Executive Emirates Airline & Group, President Civil Aviation Authority, Chairman Dubai Airports and along with the support of Department of Economic Development (DED) and Dubai Economic Council (DEC), the GCC Manufacturing Excellence […]
By David Morgan | WASHINGTON WASHINGTON With a bitter election campaign finally over, the Congress will reconvene this week to try to set aside its partisan differences long enough to keep the government from closing. As President-elect Donald Trump shapes his administration, Republicans are expected to move away from initial plans for compromise funding legislation and opt instead for a short-term measure to keep the government running […]
November 13, 2016 by: Theodor Troev in Sofia and Kerin Hope in Athens Rumen Radev, Bulgaria’s former air force commander, was set to win a run-off vote in Sunday’s presidential election second round, triggering the resignation of Boyko Borisov, the centre-right prime minister, immediately after the polls closed. First results gave Mr Radev, an independent backed by the opposition Socialist party, a projected 59 per cent of […]
Photo Albrecht Dürer’s “The Rhinoceros,” 1515. Credit From the National Gallery of Art It is a Sunday afternoon in a provincial town in France. Two men meet at a cafe. One of them, Berenger, is half-drunk. He is being berated by his companion, Jean. All of the sudden, they hear a great noise. When they and other townspeople crane their necks to figure out what’s going on, […]
JEDDAH: The UAE has urged President Donald Trump’s United States to develop a stronger strategy on the Middle East, after a “disconcerting vacuum” seen during Obama years.Anwar Gargash, the country’s minister of state for foreign affairs, said that the influence of Washington in the region was “more important than ever.”“Following eight years of weakened American engagement in the region, which many feel has created a disconcerting vacuum, […]
Pay attention to the fine print and you’ll see that some of the online messages touting Democratic presidential nominee Hillary Clinton are paid for by “Hillary for America,” while others are sponsored by the “Hillary Victory Fund.” How powerful is this two-word change? It means the difference between ads funded by donors who may legally give Clinton up to $2,700 — or by those who may give […]
JERUSALEM — An Israeli ministerial committee on Sunday approved a contentious bill that would allow for the retroactive legalization of Jewish settlement outposts built on privately owned Palestinian land in the occupied West Bank. The measure breaks a longstanding taboo, and in the view of many experts, it defies international law. The bill requires approval by Parliament before becoming law. Prime Minister Benjamin Netanyahu opposed its advancement […]
Copper recorded its best week in five years as speculators scrambled to reverse bearish bets following the election of Donald Trump as US president, which boosted hopes for more consumption in the western world. The promise of a big infrastructure programme in the US, following a decade of reliance on China, has driven the market to reassess the outlook for copper and other industrial metals such as […]
The election of Donald Trump represents a “tectonic shift” for global economics and politics, and will help kill the three-decade bond market rally, according to Henry Kaufman, the original “Dr Doom”. The former Salomon Brothers chief economist gained his gloomy moniker by correctly calling the last bond bear market in the 1970s, and is now predicting another one, as Mr Trump will probably fire a massive slug […]
On Wall Street the S&P 500 has surged to within touching distance of a record high, with the US equity market electrified by Donald Trump’s capture of the White House and the Republican party unexpectedly keeping control of Congress in Tuesday’s US election result. As an historic week ends, investors believe that a macro economic regime change looms, upending the policy mix that has dominated in Washington […]
