Takata, the Japanese automotive supplier at the centre of a global recall crisis over its exploding airbags, is expected to plead guilty as early as Friday to criminal wrongdoing in the US, as the Obama administration targets the global auto industry with a final burst of fines over environmental and safety issues. Takata is expected to agree to a criminal settlement with the Department of Justice on […]
Below the street, in their dressing rooms, the Housewives breathed through the tension. They had lived their reality on camera and watched the results. They had heard their Housewife colleagues talk about their behavior in on-air interviews. And they had built within themselves a caldron of anger, resentment and oh, yeah?s to what they had seen. So as not to dilute their fury, so as not to […]
By Ingrid Melander | PARIS PARIS Every week, a small group of Marine Le Pen’s aides brainstorm on how to achieve what many say is impossible: change how most French people view her to get her elected president in May. The “Idea-Image” committee of Le Pen’s far-right National Front (FN) consists of about 10 party officials and supporters. It held its first meeting in October as the […]
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 […]
The seven candidates for France’s centre-left presidential nomination showed their profound differences on the economy and the EU on Thursday night even as they scramble to pull together a fractured Socialist party ahead of a widely expected crushing defeat in the spring. A little more than a week before the first round of primary elections, the presidential hopefuls quarrelled on primetime television over the legacy of the […]
The US Department of Justice inspector general said on Thursday that he is investigating actions taken by DoJ and FBI officials, including FBI director James Comey, during the 2016 presidential election. The surprise probe was launched in response to calls from Congress and members of the public, who have questioned whether Mr Comey’s statements in the final weeks of the campaign were politically motivated, according to a […]
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 […]
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 […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Donald Trump is nothing if not transparent, especially when it comes to views of the press and outright evasions about his business holdings. That was self-evident at his Wednesday spectacle (labeled “press conference”) in which he bashed media and also […]
Kim Kardashian West is prepped and ready for her appearance in Dubai on tomorrow (January 13), her first public outing since the shocking robbery in Paris late last year that has seen her go to ground since. It seems the Keeping up with the Kardashians star is bringing reinforcements, in the form of her sister Kourtney’s ex, Scott Disick. “On our way #Dubai,” Kardashian West posted on […]
Car sales in China are forecast to slow sharply this year as stimulus measures designed to boost demand are set to end. Sales are expected to increase 5 per cent in 2017, a significant drop from growth of 13.7 per cent last year, which was the fastest rate since 2013 despite a broader economic slowdown. Growth in 2016 exceeded expectations due to tax incentives on smaller vehicles, […]
JERUSALEM Israeli Prime Minister Benjamin Netanyahu said talks to discuss the Middle East peace process in Paris on Sunday would be “rigged” against Israel, which has announced it would not participate. “It’s a rigged conference, rigged by the Palestinians with French auspices to adopt additional anti-Israel stances. This pushes peace backwards,” Netanyahu said in public remarks on Thursday. “It’s not going to obligate us. It’s a relic […]
Rex Tillerson has set the stage for a major diplomatic clash between Washington and Beijing after the nominee for US secretary of state said China should not be allowed to access islands it has built in the South China Sea. At his confirmation hearing before the US Senate Foreign Relations Committee on Wednesday, Mr Tillerson said China’s construction of artificial islands in the contested sea was “akin […]
Investors drew a line in the sand on Wednesday, forcing companies to rewrite bond documents in a stinging rejection of covenant packages that were seen as hostile to bondholders. Marketing material for bond offers by General Motors’ financial subsidiary, chipmaker Broadcom and the Brazilian pulp manufacturer Fibria Celulose dropped language that deprived investors of certain premiums should the companies breach their covenants and default, according to three people with knowledge […]
Top US lawmakers are challenging Wells Fargo to explain a recent rise in overdraft charges, signalling a new regulatory battle for the bank still reeling from a fake accounts scandal. On Wednesday a group of Democrats on the Senate banking committee wrote a letter to Tim Sloan, the bank’s chairman and chief executive, asking him to explain whether the bank’s recent surge in income from overdraft charges […]
The New York Stock Exchange is expanding trading on its storied floor as part of a move to an integrated technology system for trading equities and options on its markets. NYSE, owned by Intercontinental Exchange, plans to roll out the technology system, called Pillar, throughout 2017. As part of the move it will increase the number of securities that can be traded on the floor from 3,166 […]
Musa and Adenan KOTA KINABALU: Sabah leaders have expressed their sadness at the passing of Sarawak Chief Minister Tan Sri Adenan Satem. They also paid tribute to the late Adenan whom they described as a good leader who was an inspiration to the people of Sabah and Sarawak. Sabah Chief Minister Datuk Seri Panglima Musa Haji Aman in a statement said Malaysia had lost a good man […]
By Julia Fioretti | BRUSSELS BRUSSELS The United States has not satisfied the European Union’s concerns about Yahoo’s (YHOO.O) scanning of all customers’ incoming emails for U.S. intelligence purposes, the bloc’s justice chief told Reuters in an interview. The European Commission, the EU executive, asked the United States in November for clarifications on the secret court order served to Yahoo as part of its monitoring of a […]
Photo Sue Fulton Credit Andrew T. Warman for The New York Times You were a member of the first co-ed class at West Point, then you served in the Army for five and a half years, but it’s safe to say that you’ve spent more time on a different battle: fighting for civil rights within the military. Do you think there are any similarities between what drew […]
Turkey’s lira cemented its reputation as the most fragile of emerging market currencies on Wednesday, falling 4 per cent against the dollar to a fresh record low after the country’s current account deficit took a turn for the worse. Turkey’s currency has plunged 11.5 per cent so far this year and depreciated nearly 30 per cent in the last three months. The lira’s travails eclipse the South […]
To an outsider, it looked preposterous. The archaeologists were cataloging and storing absolutely everything, treating this physical material as though it were digital information — JPEGs of itself. And yet they couldn’t afford not to: Everything a Neanderthal came into contact with was a valuable clue. (In 28 years of excavations here, archaeologists have yet to find a fossil of an actual Neanderthal.) “This is like putting […]
Staff costs are rising faster than beer prices and its market faces intense competition. Still, Hong Kong investors sent Bar Pacific soaring as much as 1,600 per cent on its debut for the best-ever opening day by a pub group anywhere in the world. The group, which specialises in local neighbourhood bars rather than the glitzy city centre offerings more usually associated with Hong Kong, raised HK$45.2m […]
