Many worry it would only set off new fighting with the Palestinians as well as the rest of the Arab world, a big price tag for a symbolic change that would hardly move the ball on the broader conflict. Continue reading the main story “I don’t know what’s in it for Trump,” said Akiva Eldar, a longtime Israeli columnist and co-author of a book on the issue […]
DUBAI/BEIRUT: Iran’s government and entities close to the elite Revolutionary Guards have signed major economic contracts with Syria, reaping what appear to be lucrative rewards for helping President Bashar Assad regain control of parts of his country from rebels.An opposition group condemned the telecommunications and mining deals signed with Iran, Damascus’s main regional ally, as “looting” of the Syrian people and the country’s wealth by the “Iranian […]
Western Union agreed on Thursday to forfeit $586m after admitting that it violated US anti-money laundering laws by ignoring evidence that thousands of its agents were involved in sending illicit cash to criminals, including human traffickers in China and bookies in Costa Rica, the US Department of Justice announced. From 2004 to 2012, Western Union, a global money services business based in Englewood, Colorado, “processed hundreds of […]
By Richard Martin | BARCELONA BARCELONA Spanish third-tier team CD Tudelano have taken the unusual step of appointing Scottish businessman John Clarkson as coach on an 18-month contract without a salary, the club said on Thursday. Clarkson, who owns a care home business in East Anglia, takes over a side who are ninth in Group 1 of the regionalized Second Division B. The 60-year-old has previous experience […]
Submitted by Peter Schiff via Euro Pacific Capital, There is much we don’t know about how the Trump presidency will play out. Will the Wall get built? Who will pay for it? Will it have at least some fencing? Will repeal and replace happen at exactly the same time? Will Trump throw a ceremonial switch? Will there be a Trump National Golf Course in Sochi? It’s anyone’s […]
Oman Air is more than double its contribution to the country’s gross domestic product this year to OR900 million ($2.3 billion) as it seeks to continue expansion of its fleet and network. The national carrier will tell its staff at its global conference in Muscat on Thursday that it increased its GDP contribution in 2016 by 6 percent to OR415 million. The increase came in the context […]
Microsoft is enabling Windows users who buy Windows subscription plans like Windows 10 Enterprise E3 and E5 through the Cloud Solution Provider (CSP) program to upgrade from Windows 7 and 8.1 for free. Credit: Microsoft “Customers subscribed to Windows 10 Enterprise E3 and E5 as well as Secure Productive Enterprise E3 and E5, can now upgrade their Windows 7 and Windows 8.1 PCs and devices to Windows […]
The star player in America’s biggest sporting event risks being benched: guacamole. Every year before the Super Bowl, demand soars for the avocado-based dip that has become a staple for viewing parties for the National Football League championship game, which has emerged as the second-largest day for food consumption in the US after Thanksgiving. This year’s supply was threatened by a spike in avocado prices late last […]
By Lisa Barrington | BEIRUT BEIRUT After years of political deadlock, Lebanon finally has a new government. Now it needs a new economy. Battered by war in neighbouring Syria, neglected by wrangling politicians and caught in rivalry between Saudi Arabia and Iran, the pillars of the economy – remittances from overseas workers, tourism and real estate – are not what they were. Long-term, Lebanon is searching for […]
BEIJING China and the United States can resolve any trade disputes through talks, the government said on Thursday, as a Chinese newspaper warned U.S. business could be targets for retaliation in any trade war ushered in by President-elect Donald Trump. Trump, who is sworn into office on Friday, has criticized China’s trade practices and threatened to impose punitive tariffs on Chinese imports. Billionaire investor Wilbur Ross, Trump’s […]
ABIDJAN Heavy gunfire erupted after dark on Wednesday in Ivory Coast’s second port city, San Pedro, residents said, as two weeks of military uprisings that have tarnished the West African nation’s image as a post-war success story showed no sign of letting up. The shooting came just hours after the other main port in the commercial capital, Abidjan, reopened after paramilitary gendarmes firing in the air temporarily […]
New Zealand is pressing to finalise a stalled free trade deal with the six-nation Gulf Cooperation Council (GCC) that includes two of the Middle East’s largest economies, Saudi Arabia and the United Arab Emirates. Trade Minister Todd McClay visited the UAE and Kuwait this week in an effort to promote the deal with the GCC, his country’s sixth largest trading partner. The GCC comprises Saudi Arabia, the […]
Mumbai: The government is continuing its efforts to retrieve money stashed away illegally in foreign banks, including those in Panama, even as it hunts black money evaders at home. A team of tax officers and other civil servants visited Panama and some other key jurisdictions for tax information exchange in December, said two with people direct knowledge of the matter, requesting anonymity. “The government is targeting that […]
The sole Republican commissioner at the main US derivatives regulator has thrown his hat in the ring to be appointed the next chairman, even as he embraced aspects of financial reforms that Donald Trump’s team wants dismantled. Christopher Giancarlo, of the Commodity Futures Trading Commission, is set to assume the job of acting chairman after Mr Trump’s presidential inauguration on Friday, replacing Tim Massad, the sitting Democratic […]
By Patricia Zengerle | WASHINGTON WASHINGTON Donald Trump’s pick for U.N. ambassador will echo his condemnation of the world body’s treatment of Israel at her Senate confirmation hearing on Wednesday, although offering some praise for an organization the president-elect has disparaged. Nikki Haley, a rising star in the Republican Party, will face tough questioning from the Senate Foreign Relations Committee about her lack of experience in foreign […]
By Tom Westbrook | SYDNEY SYDNEY The Australian government said on Wednesday it was not ruling out a future underwater search for a missing Malaysia Airlines passenger jet as families of those on board criticised the decision to suspend the hunt after three fruitless years. The location of Flight MH370 has become one of the world’s greatest aviation mysteries since the plane, a Boeing 777, disappeared in […]
Samsung Electronics’ Exynos processors will power the infotainment systems in Audi’s next generation automobiles, the South Korean tech giant announced. The company said that beginning with the supply deal, it will be expanding into the quickly-growing semiconductors-for-cars market. Samsung’s Exynos processor for automobiles can support multiple displays and multiple operating systems at the same time, the company said. It can power up to four displays within the […]
Abu Dhabi – UAE, January 17, 2017 The Ministry of Climate Change and Environment (MoCCAE) signed a Memorandum of Understanding with the Food Security Centre – Abu Dhabi on the promotion of food security in the United Arab Emirates. His Excellency Dr Thani Ahmed Al Zeyoudi, Minister of Climate Change and Environment, and HE Mohammed Ahmed Al Bawardi, Chairman of Food Security Center, Abu Dhabi, signed the […]
Saudi Arabian budget carrier flynas is to buy 80 Airbus A320neo narrow body jets in a deal worth $8.6 billion that includes upgrading an earlier order, it said on Monday. The 80 A320neo order is valued at $8.6 billion, flynas Chairman Ayed Al Jeaid said at press conference in Riyadh on Monday. The order is for 60 A320neos and an upgrade of an existing order for 20 […]
The US has sued Qualcomm over the way it licenses its technology for mobile phones, hitting at the business that generates most of the US chip company’s profits. The case follows an investigation begun in 2014, but which was accelerated in recent weeks as the Federal Trade Commission moved towards filing a high-profile antitrust case just days before a new administration takes control in Washington. Qualcomm’s shares […]
TEHRAN — Even if President-elect Donald J. Trump would want to, there is no chance of renegotiating the 2015 nuclear agreement with Iran, the country’s president, Hassan Rouhani, said on Tuesday. “Mr. Trump says things like that he is not happy with the nuclear deal, or he calls it the worst agreement,” Mr. Rouhani said. “These are more like slogans. I consider it unlikely that anything will […]
A senior member of Donald Trump’s team insisted that the president-elect was committed to globalisation, open trade and Nato despite recent comments that unsettled America’s allies. Anthony Scaramucci, Mr Trump’s newly appointed public liaison official, told the World Economic Forum in Davos on Tuesday that the European and American elite had misunderstood Mr Trump and would change their views when he took office. In particular, he argued […]
DUBAI Iranian President Hassan Rouhani said on Tuesday U.S. President-elect Trump cannot unilaterally cancel the nuclear deal Tehran signed with world powers including Washington and that talk of renegotiating it was “meaningless”. Trump, who will take office on Friday, has called the July 2015 agreement “the worst deal ever negotiated”. He has threatened to either scrap the agreement or seek a better deal. Under Iran’s agreement with […]
LONDON British Prime Minister Theresa May said on Tuesday she would put the final agreement on Britain’s exit from the European Union to a vote in parliament. May said there would have to compromises in the negotiations but it was important to provide “as much certainty as possible” and there would be proper scrutiny. “When it comes to parliament, there is one other way I would like […]
