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The White House announced Monday that President Trump has signed an executive order establishing the American Technology Council (ATC). “Americans deserve better digital services from their Government,” the executive order reads. The council’s purpose, it says, is to promote policies that help the federal government “transform and modernize its information technology and how it uses and delivers digital services.” Chris Liddell, the White House director of strategic […]

WASHINGTON President Donald Trump will continue to talk to Israeli Prime Minister Benjamin Netanyahu about Israeli settlement activity, the White House said on Monday following reports that Israel plans to build 15,000 new settlement homes in East Jerusalem. “I’m sure that we’ll continue to have conversations with the prime minister and … that’ll be something that the president will continue to discuss,” White House spokesman Sean Spicer […]

LONDON Europeans took to the streets on Monday, celebrating the international workers’ holiday of May Day with an assortment of rallies and demonstrations, which in France turned violent as protesters threw petrol bombs at police. One Paris police officer was seriously burnt and two others injured in confrontations with protesters. In Turkey, police fired tear gas and rubber bullets to break up demonstrations and arrested hundreds. A […]

US corporate boardrooms’ approval of share buyback plans has fallen to its lowest level since 2012, signalling that the stock market’s surge to further highs this year is curbing a key source of demand for equities. Companies on the S&P 500 index have authorised $146bn in share buybacks this year, down 15 per cent from a year ago, according to data from Goldman Sachs. Executives have also […]

By Olivia Oran and Svea Herbst-Bayliss | BEVERLY HILLS BEVERLY HILLS U.S. Treasury Secretary Steven Mnuchin said on Monday that economic growth of three percent is achievable in the next two years as the Trump administration sets out to dramatically cut taxes. Speaking at the Milken Institute Global Conference in Beverly Hills, California, almost a week after he helped unveil plans to cut taxes for many people […]

DOHA The Palestinian Islamist group Hamas will drop its long-standing call for Israel’s destruction as well as its association with the Muslim Brotherhood in a new policy document to be issued on Monday, Gulf Arab sources said. Hamas’s move appears aimed at improving relations with the West, Gulf Arab states and Egypt, which label the Brotherhood as a terrorist organisation. Many Western countries classify Hamas as a […]

The chairman of DP World on Monday said US president Donald Trump’s push for free trade agreements was not protectionism but a drive for fairer deals. Speaking at the Arab Media Forum, Sultan Ahmed bin Sulayem said he did not believe Mr Trump would hurt global trade. Mr Trump is seeking to renegotiate the North American Free Trade Agreement with Canada and Mexico, although the White House […]

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Mr. Abbas was scheduled to meet with Mr. Trump in Washington on Wednesday as the sole representative of the Palestinian people. He has sought in recent weeks to rein in Hamas, cutting salaries and refusing to pay for electricity, in a bid to undermine the group’s authority. Gazans now have only a few hours of power a day. Continue reading the main story “Whether it’s a coincidence […]

WASHINGTON U.S. Commerce Secretary Wilbur Ross said on Monday that President Donald Trump does not intend to trade away U.S. jobs for China’s help on North Korea, adding that there are “constructive” talks with Beijing underway on trade issues. In an interview with CNBC, Ross rowed back from Trump’s comments in a CBS interview on Saturday that China’s help on North Korea “trumps trade.” Asked if the […]

WASHINGTON Top White House officials said on Monday they expect the U.S. House of Representatives will vote this week to pass the Republicans’ latest plan to reform the nation’s healthcare system, even as the party’s lawmakers still appeared divided over the measure. In interviews on CBS News on Monday, White House chief of staff Reince Priebus and White House economic adviser Gary Cohn expressed optimism the latest […]

A club of top bankers, investors and Treasury officials will this week meet at the venerable Hay-Adams hotel in downtown Washington to discuss the US government’s borrowing plans. It could be a blockbuster meeting. The Treasury Borrowing Advisory Committee meets quarterly to discuss with senior government officials the best way for the US to finance its budget deficit. It is made up of senior executives from hedge […]

By Martin Petty and Manuel Mogato | MANILA MANILA Across Asia, more and more countries are being pulled into Beijing’s orbit, with the timid stance adopted by Southeast Asian nations on the South China Sea at a weekend summit a clear sign this fundamental geostrategic shift is gathering momentum. U.S. President Donald Trump’s flurry of calls at the weekend to the leaders of the Philippines, Thailand and […]

By Richard Cowan | WASHINGTON WASHINGTON Negotiators in the U.S. Congress reached a deal late on Sunday on around $1 trillion in federal funding that would avert a government shutdown later this week, while handing President Donald Trump a down payment on his promised military build-up. The full House of Representatives and Senate must still approve the bipartisan pact, which would be the first major legislation to […]

Besides the upcoming FOMC meeting on May 2-3, and French & Italian politics – the decisive runoff round of the French election takes place this Sunday – this week’s releases are dominated by US payrolls expected to come around 170k. The busy release calendar continues with Norges bank and RBA meetings as well as global manufacturing PMIs. The market’s focus during the week of 5/1 will begin […]

Perhaps it’s telling that journalism is so absent in The Circle, the movie based on the Dave Eggers novel that paints a dark picture of a future that has nearly arrived. Emma Watson plays Mae Holland, a recent college graduate who takes up the faith of the Silicon Valley digital-life media company she works for called The Circle. Holland comes to believe that omnipresent artificial intelligence embedded […]

By Matt Spetalnick | WASHINGTON WASHINGTON The White House on Sunday defended President Donald Trump’s decision to invite Philippines President Rodrigo Duterte to Washington, saying his cooperation was needed to counter North Korea, even as the administration faced human rights criticism for its overture to Manila. Trump issued the invitation on Saturday night in what the White House said was a “very friendly” phone conversation with Duterte, […]

Your daily guide to community and cultural activities across the Emirates for April 28, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Dubai Concert The Fridge Concert […]

When North Korea deployed hundreds of artillery units, submarines and soldiers to take part in its largest live-fire drill, it was intended as a chilling display of the reclusive regime’s military might. The country boasts the world’s fourth-largest standing army, with more than 1m troops as well as 7m reserves, and last week’s military exercise came as US President Donald Trump ramped up the pressure on Pyongyang […]

President Donald Trump was a distracting entertainment from the moment he launched his campaign in June of 2015 — until he wasn’t. His opening speech, in which he called Mexican immigrants “rapists” and told the world he would be the best jobs president “God ever created,” was looked at as the ravings of a man whose outsized ego was too big to be anything but hilarious.  News […]

April 30, 2017 by: Matthew Garrahan in New York Rupert Murdoch’s 21st Century Fox is in talks with Blackstone, the private equity firm, to launch a joint bid for Tribune Media, which owns a portfolio of US television networks, according to two people familiar with the negotiations. The two companies hope to trump a rival offer from Sinclair Broadcasting, another owner of US television networks. 21st Century […]

Elon Musk went teased the audience with a photo of a self-driving truck that his company Tesla Motors is adding to its line of electric cars Elon Musk paused while chatting about his series of potentially world-changing endeavors to say he isn’t in it to provide salvation. It was during a talk on Friday at a prestigious TED Conference in Vancouver, where the tech entrepreneur was discussing […]

WASHINGTON The Trump administration’s push to overhaul tax laws might soon target a loophole used by some financial managers to lower their tax rates, White House Chief of Staff Reince Priebus said on Sunday. President Donald Trump campaigned before the Nov. 8 election to eliminate the so-called “carried interest” loophole, which is used by many financial managers to lower tax obligations. But a rough outline for a […]

DUBAI // A new boarding school in the emirate will compete with some of the best and most exclusive in the world as it prepares to open its campus this year. The first of three planned boarding houses at the Swiss International Scientific School’s Al Jaddaf campus is being built and on track for completion before the academic year starts in September. Consisting of 50 en-suite rooms […]

When newspaper industry executives gather in New Orleans this evening for their annual three-day MediaXchange convention, the crowd will be thinner than at last year’s edition in Washington, D.C. “(That) just reflects industry conditions coming off a difficult end to 2016,” said David Chavern, CEO and president of the News Media Alliance, which organizes the convention. For those who do make it, Chavern promises plenty of practical […]

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