A last-ditch attempt by Monte dei Paschi di Siena, the struggling Italian bank, to raise up to €5bn in capital was thrown into doubt after the country’s private bank rescue fund expressed “strong reservations” over the terms of a bridge loan that is key to the deal. On Monday, MPS said in a statement that it was “in contact” with Quaestio Capital Management — which manages the […]
Most players will tell you that the back-to-backs add up to more fatigue and more risk for injury. They have also become a marketing problem for the league, because coaches sometimes bench their stars for one of the games. Continue reading the main story Just last week the Cleveland Cavaliers left LeBron James, Kyrie Irving and Kevin Love at home when the team visited the Memphis Grizzlies […]
VIENNA Austria’s far-right Freedom Party (FPO) offered on Monday to act as a go-between for U.S. President-elect Donald Trump and Russian President Vladimir Putin after signing a cooperation agreement with Putin’s party. Party leader Heinz-Christian Strache and the FPO’s recently defeated presidential candidate Norbert Hofer attended the signing ceremony in Moscow, as did officials of Putin’s United Russia party including Pyotr Tolstoy, a deputy chairman of the […]
By Letitia Stein | ATLANTA ATLANTA Inside a sunny classroom at a church decorated with rainbow flags, two transgender teenagers exploded into giggles during a dance break from math at Pride School Atlanta. They are among a handful of lesbian, gay, bisexual or transgender (LGBT) youth who have found a haven at the school, which opened this fall at a time when the number of discrimination complaints […]
Photo Buses evacuated residents from Fua and Kfarya, Shiite villages near the Syrian city of Aleppo, on Monday. Credit Agence France-Presse — Getty Images BEIRUT, Lebanon — After days of delays and sporadic violence, the evacuation of civilians and fighters from besieged communities in Syria has resumed, with convoys taking people out of Aleppo and two nearby Shiite villages, Syrian state television and opposition conflict monitors reported […]
The deal would send United Nations monitors to observe the evacuation process after consultations with “interested parties,” which means that observers could in theory be turned down by soldiers and militias on the ground. Senior United Nations officials have repeatedly said that they have sought Syrian government permission to be present during the evacuation process, and that they have not received it. Continue reading the main story […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to prop up prices. Brent crude futures, the international benchmark for oil prices, were trading at $55.57 per barrel at 0401 GMT, up 36 cents, or 0.7 percent, from their last close. U.S. West Texas Intermediate […]
Monday 02:20 GMT Overview Stocks across Asia were weaker, retreating in line with Wall Street’s slight pullback on Friday from last week’s record highs, and as the US dollar softened. What to watch Investors are turning their attention to the Bank of Japan’s policy decision on Tuesday, in the wake of the Federal Reserve’s interest rate rise last week. While the dollar’s strength over recent weeks seems […]
The evidential burden for cases brought under proposed changes to the Privacy Act — that criminalise the intentional re-identification and disclosure of de-identified Commonwealth datasets — would be reversed, such that defendants would need to prove their innocence. “The defendant entity or agency bears the evidential burden for each of these exceptions, which reverses the criminal law principle that the prosecution must prove every element of the […]
SHAH ALAM: Malaysia is of the opinion that only consistent unity among the 10 ASEAN countries can ensure any dispute in the region, especially involving the South China Sea is free from geopolitic intervention by the world’s superpowers. Defence Minister Datuk Seri Hishammuddin Tun Hussein said ASEAN countries must continue to strengthen their relationship to prevent the occurrence of any disputes that may affect harmony, peace and […]
Ahmed Al-Balushi: The agreement contributes towards enhancing our public transport services Talal Al-Mamari: The partnership comes as part of Omantel 3.0 transformational strategy to enable digital society to flourish Muscat, December 18, 2016 Omantel, the Sultanate’s first telecoms provider, and Oman National Transport Company, ‘MWASALAT’, signed a partnership agreement to provide free WiFi in all MWASALAT buses, in addition to providing a number of other services […]
By Kylie MacLellan | LONDON LONDON Britain may need a transitional agreement to smooth its exit from the European Union but it should not “buy back” into too many of the bloc’s regulations, Britain’s trade minister Liam Fox said on Sunday. Fox, who campaigned for a Brexit vote in June’s referendum, also indicated he was seeking a flexible approach on trade to try to ensure the best […]
The evacuation of eastern Aleppo stalled again on Sunday after a convoy heading for two government-controlled towns came under attack by rebel forces. According to Syrian state television, the buses were en route to al-Fuaa and Kefraya to collect the sick and injured when they were attacked and torched by opposition fighters. A video posted online, purporting to be of the aftermath of the convoy attack, shows […]
A flagship of the settler enterprise, Amona, established 20 years ago, is testing how far Israel’s right-wing government is willing to go to protect the 100 or so outposts that were built without authorization across the West Bank. The case of Amona has also stretched the country’s democratic system, with right-wing politicians pushing to flout the 2014 Israeli Supreme Court order to demolish the outpost, and advancing […]
Iran has shown commitment to the deal on its nuclear programme agreed with world powers, the head of the United Nations atomic energy watchdog said on Sunday, following complaints by Tehran over what it calls a US violation of the accord. The White House said on Thursday that a bill extending US sanctions against Iran for 10 years would become law without President Barack Obama’s signature, adding […]
MANILA, Philippines – Hours after threatening to scrap the country’s Visiting Forces Agreement (VFA) with the United States after the US-led Millennium Challenge Corp. deferred voting on its assistance to the Philippines, President Duterte imposed one condition on Washington if it would want the deal retained. “You want to come back here? You pay us. You want bases here? Pay us. Transaction tayo, pera-pera na lang tayo, […]
BP cemented its 77-year relationship with Abu Dhabi by swapping about $2.2 billion of its own shares for a stake in one of the emirate’s largest onshore oil concessions. The U.K.’s second-biggest oil group will issue new ordinary shares to pay for 10 percent of the Abu Dhabi Company for Onshore Petroleum Operations Ltd., giving the emirate a 2 percent holding in BP, the London-based company said […]
Langham Hospitality Group has signed an agreement with Advanced Hotels Company to manage a luxury hotel in Jeddah, Saudi Arabia, it announced on Sunday. The Langham, Jeddah is located within the downtown district of the city, directly opposite a new shopping complex and with a 360-degree view of the city and the corniche. The hotel will have 239 rooms and 39 suites, as well as an opulent […]
By Lidia Kelly and Pawel Florkiewicz | WARSAW WARSAW Around two dozen members of Poland’s main opposition party extended their sit-in protest in parliament on Sunday after talks to resolve a dispute over proposed restrictions on media access failed to produce an agreement. New rules for journalists in parliament put forward by the ruling Law and Justice (PiS) party have led to the biggest political standoff in […]
A series of big events shaped financial markets in 2016. Here is a selection of FT analyses and commentary, alongside charts, highlighting a tumultuous year. The new year rout January proved brutal for investors. After just 10 trading days, global equity markets had lost more than $4tn of value, with sentiment hammered by fears about China’s economic slowdown and a depreciating currency. In turn, bond markets were […]
By Lisa Barrington and Stephanie Nebehay | BEIRUT/GENEVA BEIRUT/GENEVA The International Committee of the Red Cross (ICRC) hopes to resume the evacuation of civilians and wounded from the Syrian enclave of east Aleppo on Sunday, a spokeswoman said. Thousands of people are left in Aleppo, some sleeping on the streets in freezing temperatures, after the evacuation of the rebel-held areas ground to a halt on Friday following […]
DUBAI Iran has shown commitment to the deal on its nuclear programme agreed with world powers, the head of the United Nations atomic energy watchdog said on Sunday, following complaints by Tehran over what it calls a U.S. violation of the accord. The White House said on Thursday that a bill extending U.S. sanctions against Iran for 10 years would become law without President Barack Obama’s signature, […]
Many stakeholders are now coming home after a productive week at the 2016 Internet Governance Forum (IGF) in Guadalajara, Mexico. As the first IGF since its 10 year mandate renewal by the UN General Assembly, this was a key edition to set the stage for multistakeholder cooperation in the next few years, and to identify the issues that will have to be addressed by the global Internet community now […]
US planemaker Boeing is working to resolve certain issues with IranAir to finalise a $16.6 billion aircraft deal, and the manufacturer plans to commence the the first delivery in 2018, a senior company official told Arabian Business. The deal for 80 Boeing passenger jets, announced on Sunday, includes 50 narrow-body 737 MAX aircraft and 30 long-haul 777s, split equally between the 777-300ER, and the 406-seat 777-9, which […]
