After the excitement around Opec agreeing oil supply cuts with Russia and other non-members at the end of last year, attention in 2017 has quickly shifted to the next key question: will they actually deliver all the promised cuts? A group of companies believe that they are positioned to deliver that answer, trumpeting their years of experience tracking global oil flows, using everything from modern satellite technology […]
The U.S. Environmental Protection Agency has accused Fiat Chrysler Automobiles, or FCA, of installing a hidden software to purposefully let excess diesel emission go undetected, a practice that entails Clean Air Act violations. The accusation comes as the result of a probe stemming from regulators’ investigation of Volkswagen, its rival. FCA Cheating Emission Tests As per the EPA, specific vehicles releasing excess nitrogen oxide emissions are the […]
In this Thursday, Nov. 5, 2015, file photo, 2015 Jeep Grand Cherokees appear on display at a Fiat Chrysler dealership in Doral, Fla. On Thursday, Jan. 12, 2017, the U.S. government alleged that Fiat Chrysler Automobiles failed to disclose that software in some of its pickups and SUVs with diesel engines allows them to emit more pollution than allowed under the Clean Air Act. The Environmental Protection […]
Barack Obama has ended a longstanding US policy that allowed Cuban nationals who reached the US to be eligible automatically for residency, putting a final stamp on his foreign policy legacy. “Effective immediately, Cuban nationals who attempt to enter the United States illegally and do not qualify for humanitarian relief will be subject to removal, consistent with US law and enforcement priorities,” the White House said in […]
Friday 04:50 GMT Overview Asian stocks were mixed in the wake of a retreat by US stocks and the dollar as investors continued to assess the fallout from Donald Trump’s combative press conference on Wednesday. What to watch Shares in Nintendo were down 2 per cent after the company announced details about its new Switch video game console, including price and technical specifications. The device, a hybrid […]
SAN SALVADOR El Salvador said on Thursday it will strengthen ties with Taiwan as President Tsai Ing-wen visits Central America at a time when China suspects she is seeking formal independence from the mainland. Tsai is making her last stop in the region on a trip that has taken her to Honduras, Nicaragua and Guatemala, after meeting U.S. Republican lawmakers in a Houston stopover last weekend that […]
The proposal — opposed by businesses that make and use the solvent — comes eight years after the European Union approved a ban on sales of methylene chloride paint strippers to consumers and companies, with the exception of businesses using it in industrial sites with protective equipment and other cautionary measures. The chemical is also known as dichloromethane. The would-be rule is the third the EPA has […]
ANKARA: Turkey’s threat to close its strategic southern Incirlik Air Base to US-led international coalition flights seem to have paid off, according to analysts.The US recently announced its decision to provide regular aerial intelligence to support Turkey in its military operation against Daesh around the Syrian town of Al-Bab.Incirlik does not belong to NATO, but is a Turkish base that remains open to the operations of NATO […]
The British pound fell to a record 31-year low against the dollar on Wednesday, leading to a sharp increase in remittances from UAE expatriates to the UK. Sterling fell to $1.20 before rebounding to just above $1.21 by Wednesday evening – reaching its lowest level excluding the flash crash on October 7 last year. Dutch Rabobank said the economic policies of US President-elect Donald Trump have boosted […]
By Patricia Zengerle | WASHINGTON WASHINGTON The Obama administration on Thursday announced the repeal of a measure granting automatic residency to virtually every Cuban who arrived in the United States, whether or not they had visas, ending a longstanding exception to U.S. immigration policy. The end of the “wet foot, dry foot” policy, which allowed any Cuban who reached U.S. soil to stay but returned any picked […]
Donald Trump’s upcoming presidency has led many investors to size up oil, coal and gold trades that could benefit from the sweeping changes he has promised. But a growing band of specialist commodity traders think investors may be overlooking the one raw material in line for bigger price gains than others when the US president-elect takes office: uranium. While interest in the key fuel for nuclear power […]
With just 8 days left until President Trump’s inauguration ceremony in Washington D.C., a massive security force, including 7,500 Guardsmen and 3,000 police officers, is preparing for the worst as the event is expected to attract up to 750,000 protesters, some of whom have vowed to “paralyze the city.” Certainly if the protester presence at the Senate confirmation hearings over the past two days is any indicator […]
President-elect Donald Trump may be at war with the intelligence community, but on Thursday his pick to head the CIA tried to bridge the rift between the incoming president and his spies, saying he accepts the assessment that Russia meddled in the election to boost the Republican’s candidacy. “It’s pretty clear about what took place here, about Russian involvement in efforts to hack information and to have […]
Director of National Intelligence James Clapper at a Senate Intelligence Committee hearing in February. (Image: file photo) Despite pleas from privacy groups to rein in the US government’s surveillance powers before President-elect Donald Trump takes office, the Obama administration has done the opposite. The outgoing government will now allow the National Security Agency (NSA) to share raw globally intercepted personal data with the government’s other intelligence agencies. […]
Oil continued its see-saw start to the new year, registering its biggest advance in six weeks on Thursday after Opec’s biggest producer said that it had slashed output to the lowest level in almost two years. Brent, the global oil market, rose as much as $1.24 to $56.43 a barrel after Saudi Arabia’s energy minister Khalid al-Falih said that the kingdom had cut production to less than […]
By Patrick Rucker and James Oliphant | WASHINGTON WASHINGTON U.S. Senate Democrats on Thursday pressed Ben Carson, Donald Trump’s nominee to lead housing policy, on potential conflicts of interest between the agency he is set to run and properties in which the president-elect may hold a financial stake. The Department of Housing and Urban Development (HUD) hands out billions of dollars each year to developers and landlords. […]
By Julia Edwards Ainsley | WASHINGTON WASHINGTON A U.S. government watchdog said on Thursday it would examine whether the Federal Bureau of Investigation followed proper procedures in its probe of Democratic presidential candidate Hillary Clinton’s use of a private email server. The inspector general’s announcement comes amid outcry from Democrats who say Clinton’s loss to President-elect Donald Trump was in part due to Comey’s bringing Clinton’s emails […]
Posted January 13, 2017 05:49:38 The election of Donald Trump as president of the United States and the rise of populist leaders in Europe poses a “profound threat” to human rights, the US-based Human Rights Watch has warned in its annual global report. The 687-page report reviews human rights practices in more than 90 countries. “Trump and various politicians in Europe seek power through appeals to racism, […]
By Phil Stewart and Patricia Zengerle | WASHINGTON WASHINGTON Donald Trump’s pick to lead the Pentagon put Russia at the top of a list of threats to U.S. interests on Thursday and told Congress that America must be ready to confront Moscow where necessary, even as he backed Trump’s bid for better relations. The remarks by retired Marine General James Mattis were the latest by one of […]
Former New York mayor Rudy Giuliani leaves Trump Tower in November. (Image: CBSNews.com) Rudy Giuliani has been tapped to “lend expertise” and to advise the Trump administration on cybersecurity. The former New York mayor “will be sharing his expertise and insight as a trusted friend concerning private sector cybersecurity problems and emerging solutions developing in the private sector,” said a brief statement from the incoming Trump administration. […]
By David Shepardson and Bernie Woodall | NEW YORK/DETROIT NEW YORK/DETROIT The U.S. Environmental Protection Agency on Thursday accused Fiat Chrysler Automobiles NV of illegally using hidden software that allowed significant excess diesel emissions, the result of a probe that stemmed from regulators’ investigation of rival Volkswagen AG. The EPA action affects 104,000 U.S. trucks and SUVs sold since 2014, about one-sixth the number of vehicles than […]
Vladimir Putin is trying to break the north Atlantic alliance and his policies represent one of the key threats to the global order that has prevailed since the second world war, James Mattis, the retired general nominated to be secretary of defence, has told a Senate committee. In testimony that struck a notably harder line on Russia than that of Donald Trump, Mr Mattis said the US […]
A classic distinction in markets exists between bulls and bears, the snorting herd of enthusiasts and the pessimists who roar at them from caves, waiting for a panicked stampede. Yet a sign of the uncertain outlook, with the consequences of the incoming Trump administration unknown, elections due in Europe and Brexit still to begin, may be how those labels don’t fit quite as easily as before. For […]
WASHINGTON President-elect Donald Trump’s nominee for U.S. Secretary of Defense, James Mattis, said on Thursday that he had a “very, very high degree of confidence” in U.S. intelligence agencies. Mattis, speaking at his Senate confirmation hearing, said he expects Trump to be open to his view on intelligence matters, and that the world order was under its biggest attack since World War Two. (Reporting by Idrees Ali […]
