By Goran Tomasevic | LOIYANGALANI, Kenya LOIYANGALANI, Kenya Villagers in northern Kenya have begun to burn piles of animal carcases, hoping to head off an outbreak of disease as their livestock starve to death in the region’s worst drought in five years. The smell of death hangs heavily over Lake Turkana and dried animal corpses dot the cracked mud where the lake has receded, leaving boats stranded […]
Alibaba has kicked off its grand plan for global trade without frontiers, signing a bilateral deal designed to ease the passage of goods shipped by smaller businesses between China and Malaysia. The pact, established as a public-private partnership in Malaysia’s digital free trade zone, is focused on infrastructure, including a fulfilment centre and co-operating on electronic payments and financing. Daniel Zhang, chief executive of the Chinese ecommerce […]
A technical problem at NYSE Arca, the Big Board’s listing venue for exchange traded funds, stymied the end of the trading day on Monday, hindering the closing auction for 341 securities, NYSE said on Tuesday. In a letter to clients on Tuesday, NYSE attributed the problem to a new version of software. Trading on the exchange has recommenced normally. “I am contacting you personally to emphasise that […]
Iona Craig, who reported on the aftermath of the botched Navy SEAL raid in Yemen for The Intercept from Yeman, did so with the help of the Pulitzer Center. Iona Craig. Grants from the Pulitzer Center go a long way for international journalists who eke out a difficult existence covering tough stories from dangerous places. The details of her recent Yemen experience should give pause to most […]
Wednesday 02:35 GMT Overview Asian equities sank in the wake of the S&P 500’s biggest fall in more than five months as investors fretted that US President Donald Trump’s pro-growth policies could take longer than expected to come to fruition. Hot topic The S&P 500 closed down 1.2 per cent on Tuesday, dragged lower by financial stocks. It was the first time since October 11 that the […]
SKOPJE Macedonia needs to rise above political feuding and form a government as soon as possible to unblock the Balkan country’s path to European Union membership, the EU said on Tuesday. An EU summit earlier this month placed the Balkans high on its agenda to show that despite lingering ethnic tensions and the scars from wars fought in the 1990s, the region is a priority for the […]
US banks recorded their steepest slide since the wake of the June Brexit vote as the Treasury yield curve flattened and investors remained concerned that Donald Trump’s policy initiatives might take longer to pass than previously thought. The S&P 500 banks index dropped 3.9 per cent, marking its steepest fall since June 27, according to Bloomberg data. America’s largest lenders were under pressure as Bank of America […]
ABU DHABI // Businessmen, parents and frequent travellers from the UAE to the US spoke of their frustration about travelling on long-haul flights without their electronic devices. They said fear of theft or damage to their devices and being unable to access important data were major concerns. The new restriction means passengers travelling on direct flights to the US, which can last up to 18 hours, will […]
Top executives from two of the world’s biggest investment banks have warned about the perils of Brexit, saying they have begun to firm up plans to uproot jobs from London ahead of Britain’s departure from the EU. Banks had been among the most vocal opponents of Brexit in the run-up to June’s referendum, donating millions of pounds to the Remain campaign and speaking openly about the thousands […]
By Elisabeth O’Leary | EDINBURGH EDINBURGH While the economic case for Scottish independence once centred on oil, people like company director Niall McLean now argue that trade is the way to ensure their country’s future prosperity – and avoid the damage of the United Kingdom leaving the EU. Turning Scotland, which sells two thirds of its exports to the rest of Britain, into a heavyweight international trader […]
In the small town of Izmit, two hours from Istanbul, a crowd of about 2,000 people is waiting to see the woman who has dared to say no to Turkish President Recep Tayyip Erdogan. Meral Aksener is running late, but the crowd is patient. Security is tight, the space is small and men have climbed trees to get a better view of the renegade politician. In Turkey’s […]
By Robin Emmott | BRUSSELS BRUSSELS U.S. Secretary of State Rex Tillerson’s decision to miss his first meeting with NATO foreign ministers has unsettled European allies who fear the no-show reopens questions about President Donald Trump’s commitment to the alliance. Reuters exclusively reported on Monday that Tillerson would stay at home to attend Trump’s expected April 6-7 talks with Chinese President Xi Jinping in Florida, skipping the […]
BRUSSELS The European Union’s 27 leaders will meet at the end of April to agree their negotiating lines for Brexit talks, after London sends in a formal notification that it wants to leave the EU on March 29th, three sources in Brussels said on Tuesday. The meeting is a necessary step before the negotiations between Britain and the 27 remaining EU states can start formally. (Reporting by […]
Big Chinese cities have launched a new round of lending curbs and purchase restrictions in an effort to cool overheated property markets, as official media warn that some have veered towards a bubble. Sky-high prices in cities including Beijing, Shanghai, and Shenzhen are stoking anger, even among relatively well-off professionals. Meanwhile, controlling financial risk has emerged as the dominant economic policy theme for 2017. At the conclusion of the […]
OK, hands up, who knows what High-Level Data Link Control (HDLC) is? It’s an archaic networking data framing protocol that’s used in modems, X.25, frame-relay, ISDN, and other now uncommon networking technologies. I know it because I used to work with them back in the day. You’ll get to know it now because a researcher discovered a security hole hidden within the Linux kernel driver that implements […]
Airline passengers travelling from eight Middle Eastern nations, including Jordan and Egypt, will be barred from carrying large electronic devices into the main cabin under new regulations from the Trump administration. The rules, which come into effect on Tuesday, also apply to Saudi Arabia and the United Arab Emirates, according to a US official. Passengers from the eight countries will have to check laptop computers and other […]
By Julia Fioretti | BRUSSELS BRUSSELS The European Commission wants to scrap restrictions placed on EU airlines leasing planes and crew from U.S. carriers, to resolve a long-standing dispute between the two sides. The leasing of crewed planes from another airline – known as wet-leasing – is a common practice in the industry and the 10-year-old EU-U.S. Open Skies aviation services agreement envisaged a liberal regime for […]
The upcoming Samsung Galaxy S8 ripped through the AnTuTu benchmark, achieving a spectacular score no other smartphone has hit so far. Up until now, Apple’s iPhone 7 and iPhone 7 Plus had been the top performers on the AnTuTu benchmark, scoring 172,001 and 181,316, respectively. On the Android front, the OnePlus 3T ruled the game, boasting a 162,423 score. Samsung Galaxy S8 AnTuTu Benchmark It now looks like […]
Tech companies and auto makers need to join forces and educate regulators on self-driving cars, or rules of the road will never get off the ground. To hear Google or Uber tell it, self-driving cars are almost ready for prime time. After all, you can already summon an autonomous Uber in Pittsburgh and Arizona, while a test of Google’s self-driving car effort—an […]
LONDON/BRUSSELS Prime Minister Theresa May will trigger Britain’s divorce proceedings with the European Union on March 29, launching two years of negotiations that will reshape the future of the country and Europe. May’s government said her permanent envoy to the EU had informed European Council President Donald Tusk of the date when Britain intends to invoke Article 50 of its Lisbon Treaty – the mechanism for starting […]
The US corporate profit outlook has dimmed in recent weeks, with analysts paring back their forecasts, in a fresh sign of the risks facing the Wall Street rally that has powered equities to record peaks. Earnings for companies listed on the S&P 500 index, the main US stock barometer, are predicted to rise 9 per cent in the first quarter, FactSet data show. While the rate marks […]
By Colin Packham and Aaron Bunch | CANBERRA/PERTH CANBERRA/PERTH U.S. officials began taking fingerprints of asylum seekers in an Australian-run camp on the Pacific island of Nauru on Monday, signalling that vetting of applicants for resettlement in what U.S. President Donald Trump called a “dumb deal” has restarted. Australia agreed with former U.S. President Barack Obama late last year for the United States to resettle up to […]
March 20, 2017 by: Aliya Ram in New Delhi and Simon Mundy in Pune Vodafone, the UK-based mobile phone operator, has struck a deal to merge its Indian operations with local rival Idea Cellular to create one of the world’s largest telecoms groups, with a combined implied enterprise value of more than $23bn. The two companies on Monday confirmed the deal, which is the second merger in the […]
Monday 06:10 GMT Overview The US dollar continued its slide in the wake of last week’s widely expected decision by the Federal Reserve to raise interest rates, while Asian stocks were mixed. European bourses are expected to open with a soft bias, with spreadbetters predicting the UK’s FTSE 100 will be unchanged but Germany’s Dax to drop 30 points to 12,065. US index futures suggest the S&P […]
