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Samsung’s heir apparent Lee Jae-yong has been arrested for bribery, embezzlement and perjury in connection with a massive corruption scandal, in a huge setback for South Korea’s largest conglomerate that could hinder its succession and restructuring plans. The 48-year-old de factor leader of Samsung is the highest-profile business figure engulfed by the influence-peddling scandal that is poised to topple President Park Geun-hye. The arrest of Samsung’s chief […]

Shaul Arieli, an Israeli expert on political geography who prepared maps for past negotiations with the Palestinians and is a member of Commanders for Israel’s Security, the group behind the billboard campaign, said “one state is impossible” for Israel. Demographically and economically, absorbing millions of comparatively poor Palestinians would destroy it, he said. Results of a survey of Israelis and Palestinians released on Thursday, put out jointly […]

Europe’s fish lovers are facing higher cod prices because of a prolonged fishing strike in Iceland and increased demand after the rising cost of salmon led shoppers to seek alternatives. Norwegian cod prices have risen almost 30 per cent from a year ago to €2 a kilogramme after a 45 per cent rise in salmon prices over the same period led consumers to look for cheaper substitutes. […]

Washington’s top diplomatic and military officials have set out their conditions for co-operation with Russia by calling on Moscow to fully comply with an international peace accord on Ukraine, in a reaffirmation of Obama era priorities. The comments from Rex Tillerson, secretary of state, and James Mattis, defence secretary, came amid accusations that other aides close to Donald Trump had improper communications with Russian officials, a scandal that […]

For a coking coal industry that enjoyed bumper profits last year off the back of a price rally that made it 2016’s best performing big commodity, Teck Resources’s chief executive summed up the industry’s uneasy reliance on policymakers in Beijing. “I think on Chinese policy, we could go around the table and everyone would have a different opinion on that one,” Don Lindsay told analysts after reporting […]

Sen. Antonio Trillanes IV press briefing at the Senate regarding Pres. Rodrigo Duterte bank accounts.INQUIRER PHOTO/LYN RILLON The common-law wife of President Duterte, Cielito “Honeylet” Salvador Avanceña, had almost P200 million in bank transactions in Davao City between 2004 and 2009, according to Sen. Antonio Trillanes IV, who vowed on Thursday to resign as senator if he was proven wrong. Citing a new set of documents, Trillanes […]

Tinder could be launching a Stories feature, and we’re not talking about a place where users reveal the most bizarre conversations they’ve had on the platform. Instead, there is a really strong possibility that the dating app adds some form of a video feature. Tinder announced on Wednesday it acquired the startup Wheel, the L.A.-based company that has developed a social network app where users share “video […]

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Ten years ago Vladimir Putin angrily declared that the post-cold war order was a sham. Standing before the western military and diplomatic establishment at the Munich Security Conference, the Russian president accused the US of plunging the world into chaos by warmongering, meddling in other countries’ affairs and disregarding international law. For many, it marked the moment that Mr Putin became an adversary. Now, as foreign policy […]

Photo The site of a car bomb explosion that killed dozens in Baghdad on Thursday. Credit Ahmad Mousa/Agence France-Presse — Getty Images ERBIL, Iraq — A car bomb exploded in a crowded Shiite Muslim neighborhood in Baghdad late Thursday afternoon, the latest terror attack in the capital claimed by the Islamic State, security officials reported. At least 51 people were killed and at least 58 more wounded […]

The number of American companies tapping Europe’s bond markets has fallen this year with rising relative borrowing costs on the continent weakening the case for cross-border debt. An extended rally in European credit has enticed US companies to borrow over €100bn of so-called “reverse Yankee” bonds over the past two years with corporate bond purchases from the European Central Bank driving down yields. But appetite is fading […]

Containers are great, having to re-invent persistence to use them, not so much. But that is changing. You’re not the only one concerned about container persistence: 82 percent of respondents in a recent survey said they’d deploy containers within two years if storage challenges could be resolved. That is a legitimate concern, as containers can offer great versatility and efficiency compared to virtualization, but being forced to […]

BOSTON New versions of Monopoly will no longer give players the option of using a tiny silver-colored thimble as their pawn on the board, after fans voted to drop the piece that had featured in the game since its introduction in 1935. The thimble — a tool used in sewing to prevent pricking one’s thumb with a needle — was the second of the games’ original pieces […]

By Maria Tsvetkova and Humeyra Pamuk | ISTANBUL ISTANBUL Turkey has increased scrutiny of Russian-speaking Muslim communities in the past few months following a series of attacks blamed on Islamic State, a concrete example of the renewed relationship between the two countries. Turkish police have raided the homes of Russian-speaking immigrants in Istanbul, detained many and expelled others, according to interviews with Russian Muslims living in the […]

SMEs are going to dominate the renewables space, especially in emerging markets, such as the GCC, with the private sector playing a key role in driving adoption. UAE SMEs driving adoption and growth of the renewables sector The UAE’s cleantech industry is today buzzing with several start-ups and medium sized firms investing huge amounts of time and resources to identify better, more efficient and sustainable ways to […]

Judging by his ongoing Tweetstorm this morning, in which he first praised the market’s performance (it remains to be seen what if anything he will say once stocks tumble under his watch), then dedicated the next four tweets to leakers, fabricated sources, “fake news” and Russia, president Trump does not appears to be in a good mood. In his two most recent tweets sent between 9 and […]

By Phil Stewart and Robin Emmott | BRUSSELS BRUSSELS U.S. President Donald Trump’s defense secretary on Thursday said he did not see the conditions for military collaboration with Russia, in a blow to Moscow’s hopes for repairing ties with the United States following Trump’s election. “We are not in a position right now to collaborate on a military level. But our political leaders will engage and try […]

WASHINGTON – U.S. homebuilding fell in January as the construction of multi-family housing projects dropped, but upward revisions to the prior month’s data and a jump in permits to a one-year high suggested the housing recovery remained on track. Housing starts declined 2.6 percent to a seasonally adjusted annual rate of 1.25 million units, the Commerce Department said on Thursday. December’s starts were revised up to a […]

The likes of France and the Netherlands have long been staple destinations for cycling enthusiasts, but the growth of riding a bike for sport has seen cycling-holidays spring up all over the world. And there are some new destinations that are going to special lengths to burst onto the scene Yorkshire, England Yorkshire has thrown itself into road cycling with almost unnerving gusto. Since hosting the opening […]

Now money from the tag auction goes to the general big-game budget of about $10 million, according to Regina Abella, California’s desert bighorn sheep coordinator. That makes it harder to discern exactly how and where the $223,250 will be spent. But no other game tags come close to creating the kind of revenues that the sheep tag does, Abella said. The elk tag might attract $30,000. Continue […]

It is not just equities that are rebounding this month. The dollar is up almost 2 per cent against a basket of its peers as it resumes an upward path that most in the foreign exchange market believe is the natural consequence of the economic policies Donald Trump has vowed to deliver. Given the US president has suggested he prefers a weaker dollar, its fresh strength has […]

In 2017 and beyond, consumers will finally start to benefit from some of the innovations that have been evolving over the past year, from 3D prosthetics to customised insurance packages. Many of these trends will be cemented in our routine lives over the next couple of years. Innovative insurance A new era has dawned on the UAE’s insurance industry since the rollout of the Dubai Health Authority’s […]

Mr. Trump’s position on a two-state solution discarded a policy that has underpinned America’s role in Middle East peacemaking since the Clinton administration and raised a host of thorny questions. Continue reading the main story The Palestinians are highly unlikely to accept anything short of a sovereign state, and a single Israeli state encompassing the Palestinians would either leave them as second-class citizens or would no longer […]

Record sales of non-performing loans are expected in Europe this year with a more urgent approach from policymakers driving increased activity, according to Deloitte. As much as €200bn of debt could be sold during 2017, almost double last year’s total of just over €100bn of sales, said the professional services group, which advises banks and investors on NPL transactions. Europe’s banking sector is weighed down by more […]

By Lisa Baertlein and Paul Ingram | NOGALES, Arizona NOGALES, Arizona For up to 16 hours a day, tomatoes, peppers, cucumbers and mangoes grown in Mexico flow north through a border checkpoint into Nogales, Arizona, helping to ensure a year-round supply of fresh produce across the United States. This is a city built on cross-border trade. Each year, some 330,000 trucks and 75,000 train cars carrying $17 […]

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