Last year, Donald Trump won the election for president by bemoaning the disappearance of the American factory and pledging to bring back manufacturing from other countries. Now in power, he might have to start worrying about the decline of another traditional pillar of the US economy — the American shopping mall. Fears that the rise of online shopping will lead to substantial dislocation in the retail sector […]
WASHINGTON The Republican-controlled U.S. House of Representatives on Friday cleared the way for a contentious debate on legislation to repeal Obamacare and replace it with a more limited federal healthcare insurance program. By a vote of 230-194, the House approved rules for debating the Republican legislation that Democrats oppose. It was not yet clear whether House Speaker Paul Ryan has enough Republican support to pass the bill […]
Dubai-based DP World, one of the world’s largest port operators, is exploring logistics opportunities and the development of industrial parks in Panama. Sultan Ahmed Bin Sulayem, DP World Group chairman and CEO, met with the President of Panama, Juan Carlos Varela, to explore opportunities relating to the expanded Panama Canal. The meeting was also attended by Roberto R Roy, Minister for Canal Affairs and Augusto R Arosemena, […]
By Pavel Polityuk and Alessandra Prentice | AVDIYIVKA/KIEV AVDIYIVKA/KIEV Ukrainian government troops and separatist fighters have drawn closer to each other at several places along the tense front line in eastern Ukraine, monitors say, raising the risk of violent flare-ups that could wreck a shaky ceasefire. At some points, the sides have drawn within shouting distance of each other. The Organisation for Security and Cooperation in Europe, […]
By Susan Cornwell and Richard Cowan | WASHINGTON WASHINGTON U.S. Republican lawmakers struggling to overcome differences over new healthcare legislation confronted a stark choice after President Donald Trump delivered an ultimatum: pass the bill on Friday or keep Obamacare in place. Trump, a real estate magnate who touted his dealmaking prowess in the 2016 presidential campaign, faced the first major test of how well his skills would […]
Ford said that slowing new car demand in the US and rising costs could halve its first-quarter earnings per share compared with last year’s record first quarter. The Detroit carmaker’s shares slipped in New York on Thursday after the company said in a statement that it now expects pre-tax profits of $9bn in 2017, down from $10.4bn last year. It expects profits to rise again in 2018. […]
Not everything is Donald Trump’s fault. And by the same token, not everything that goes right in the world can be attributed to him. It can be difficult to remember this, particularly in the US where domestic politics is crowding out almost everything else from the news, and where most people are inclined to view the news through stridently pro- or anti-Trump lenses. Mr Trump seems so […]
Alibaba has joined forces with AusPost, Blackmores, and PwC to explore the use of blockchain technology to combat food fraud. The Chinese ecommerce giant said the goal is develop a “Food Trust Framework” to help improve integrity and traceability on its global supply chains. Australia was chosen to be the test bed for the new framework. Alibaba believes blockchain, best known as the technology behind bitcoin, is […]
Democrats criticised Donald Trump’s choice to run the Securities and Exchange Commission on Thursday, saying that Jay Clayton, a veteran securities lawyer, is too deeply entangled with Wall Street to be an effective markets cop. SEC ethics rules will require Mr Clayton, a partner with Sullivan & Cromwell in New York, to recuse himself for two years from enforcement actions involving his former clients or anyone represented […]
Friday 06:00 GMT Overview Asian stock markets continued to recover after a midweek sell-off and as a highly anticipated vote on US healthcare reform was pushed back until later on Friday. European bourses are expected to open on the front foot, with spreadbetters predicting the UK’s FTSE 100 will add 8 points to 7,349 and Germany’s Dax to advance 20 points to 12,060. Hot topic Global markets […]
By Matt Spetalnick | WASHINGTON WASHINGTON The Trump administration reiterated its concerns about Israeli settlement activity, the two sides said on Thursday, as a round of talks ended without agreement over limiting future construction on land the Palestinians want for a state. The four days of high-level meetings in Washington marked the latest step by President Donald Trump’s aides aimed at opening the way to renewed peace […]
While the American Healthcare Act, President Trump’s first major legislative effort, is going to a vote in the House of Representatives on Friday – no matter what; for many years now, the American healthcare system has been flawed. As Statista’s Feliz Richter illustrates in the chart below, U.S. health spending per capita (including public and private spending) is higher than it is anywhere else in the world, […]
President Trump’s proposed budget for 2018 isn’t following public sentiment, a new survey finds. The survey, by the University of Maryland’s Program for Public Consultation (PPC), found that while Trump has proposed a $54 billion boost to federal spending for the military, a majority of Americans prefer a cut of $41 billion. While Trump has proposed a $2.8 billion increase for homeland security, a majority of Americans […]
US stock funds suffered their largest redemptions since the Brexit vote in June as Donald Trump’s push to reform healthcare floundered ahead of an expected vote in Congress in the biggest test yet of his young presidency. The quarrel among Republicans over the politically charged healthcare legislation has increased market volatility and flamed investor fears that the US president may struggle to pass tax reforms later this […]
By Frank Jack Daniel and Matt Spetalnick | MEXICO CITY/WASHINGTON MEXICO CITY/WASHINGTON A group of 14 nations on Thursday urged Venezuela to hold elections and release “political prisoners,” in a joint statement that kept open the option of seeking to suspend the South American country from the Organization of American States. The statement, which Mexico’s Foreign Minister Luis Videgaray said was aimed at encouraging Venezuela to “re-establish […]
Following a day of narrative twists and turns ahead of what was supposed to be a Thursday night vote to repeal Obamacare, a vote which was pulled in the last moment when over 30 conservative and moderate House republicans threatened to vote against the Ryan/Trump plan, Trump has had enough with the Freedom Caucus dissenters and has issued an informal ultimatum: vote to repeal Obamacare on Friday […]
Senate Democrats have indicated that they may filibuster the confirmation of Judge Neil Gorsuch to the Supreme Court, setting up a showdown on Capitol Hill that could ultimately lead to a massive overhaul in Senate rules. Chuck Schumer, Senate minority leader, said on the Senate floor on Tuesday that he would not vote to confirm Mr Gorsuch, making clear that Republicans would need to find eight Democratic […]
By Jane Chung and Geert De Clercq | SEOUL/PARIS SEOUL/PARIS South Korea’s KEPCO (015760.KS), the likeliest suitor for Toshiba Corp’s (6502.T) troubled nuclear business, is holding off from making an approach because of question marks over the scale of damage at the unit and political uncertainty in both South Korea and the United States, people with direct knowledge of the matter say. Japanese TV-to-rail conglomerate Toshiba has […]
MOSCOW — It’s 2017, and the new Cold War is in full swing. The West is winning, for now. U.S. sanctions have impoverished Russia. But the two sides are poised at a critical juncture. The Russians have come up with new technology to drill for gas that could send their economy skyrocketing again, putting the West on the back foot. And so, the CIA sends President Donald […]
By Michelle Nichols | UNITED NATIONS UNITED NATIONS The United States warned South Sudan’s government on Thursday that preventing humanitarian aid workers from reaching parts of the war-torn state that are suffering famine could “amount to deliberate starvation tactics.” A civil war erupted in 2013 when President Salva Kiir, an ethnic Dinka, fired his deputy, Riek Machar, a Nuer, who has fled and is now in South […]
Donald Trump suffered a big blow as Republican leaders postponed a vote on the party’s healthcare bill following their failure to unite conservatives around the effort to replace the Obamacare law that they had spent years vowing to repeal. Paul Ryan, the Republican Speaker of the House, abandoned the vote on Thursday afternoon after a final effort by the White House to convince conservative rebels to support […]
CAIRO — Ten Egyptian soldiers and 15 militants were killed during a raid on an Islamist insurgent base in the restive Sinai Peninsula, a military spokesman said Thursday. The deaths underscored the strength of the Sinai insurgency, led by an Islamic State affiliate, despite almost four years of concerted Egyptian counterterrorism operations. In recent months Sinai militants have expanded their area of operations, targeted Christian civilians and […]
So-called actor Shia LaBeouf is fleeing (with his controversial anti-Trump art exhibit) to Liverpool – in the north of England – claiming America isn’t “safe enough” for his work. As PageSix reports, the “He Will Not Divide Us” webcam exhibit has been adopted by the Liverpool-based Foundation for Art and Creative Technology, the group said Tuesday. “Events have shown that America is simply not safe enough for […]
“Nowruz means ‘new day’ in Persian,” the president said in the statement. “It is an occasion to celebrate new beginnings, a sentiment that is particularly meaningful for so many Iranians who have come to our country in recent decades to make a new start in a free land.” Continue reading the main story Among the sections deleted were one that said America looked forward to engaging someday […]
