NEW YORK New Jersey will give up to $1 million in grants to religious institutions and other non-profit groups vulnerable to attacks in the wake of a spate of threats against Jewish organizations around the country, Governor Chris Christie said on Tuesday. Organizations in nine New Jersey counties will be able to apply to the state’s Office of Homeland Security for grants of up to $50,000 each […]
(Image: file photo) NEW YORK — A lot of people woke up confused by the news this morning that the US government is banning electronics on some inbound flights from several Muslim-majority countries. They’re right. It doesn’t make sense. The simple rundown is that passengers on all airlines with direct flights from ten Middle Eastern and African airports — including in Turkey, Saudi Arabia, and Jordan — […]
By David Shepardson and Kylie MacLellan | WASHINGTON/LONDON WASHINGTON/LONDON The United States and Britain on Tuesday imposed restrictions on carry-on electronic devices on planes coming from certain airports in Muslim-majority countries in the Middle East and North Africa in response to unspecified security threats. The U.S. Department of Homeland Security said passengers traveling from those airports could not bring devices such as tablets, portable DVD players, laptops […]
All the three major U.S. indexes opened higher on Tuesday, with the Nasdaq Composite hitting yet another record high, lifted by Apple. Apple (AAPL.O) rose 0.66 percent to an all-time high of $142.40 after the company unveiled a new version of its iPad tablet. The stock was the biggest boost to all the three major indexes. The gains were broad, with all the 11 major S&P sectors […]
TOKYO Asian shares hit 21-month highs on Tuesday while the dollar and U.S. bond yields were on the backfoot on the prospect of a less hawkish than previously expected Federal Reserve policy trajectory. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.3 percent in its eighth consecutive day of gains with tech-heavy Seoul and Taipei shares .KS11 .TWII hitting two-year highs while Hong Kong’s Hang […]
Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, receives Saeed Homaid Al Shamsi, left, an Armed Forces serviceman who was injured while serving in Yemen, during a Sea Palace barza on Monday. Also present are Sheikh Tahnoun bin Mohammed, right, the Ruler’s Representative of the Eastern Region of Abu Dhabi, and Dr Amal Al Qubaisi, Speaker of the […]
By Arshad Mohammed and John Walcott | WASHINGTON WASHINGTON U.S. Secretary of State Rex Tillerson plans to skip a meeting with NATO foreign ministers next month in order to stay home for a visit by China’s president and will go to Russia later in April, U.S. officials said on Monday, disclosing an itinerary that allies may see as giving Moscow priority over them. Tillerson intends to miss […]
By Anna Mehler Paperny | TORONTO TORONTO A spike in refugee claims for the first two months of 2017 put Canada on track for the highest number since at least 2011. A fifth of those claimants were caught crossing the border illegally. Growing numbers of asylum-seekers are coming to Canada in the wake of the election of U.S. President Donald Trump, who has pledged to crack down […]
The release of the Panama Papers exposed an elaborate kickback scheme whose tentacles spread from the Caribbean island of Aruba to warehouses in Doral to the offshore banking haven of Panama City, according to a lawsuit filed in Miami federal court. The scam was allegedly hatched by Egbert Koolman, an employee of Aruba’s state-owned telecommunications provider, Setar. Koolman’s job was to buy phones from suppliers around the […]
The UAE has been tackling the issue of discrimination and racial profiling through recently introduced legislation, according to the county’s UN representative. Obaid Salem Al Zaabi, the UAE’s Permanent Representative to the United Nations (UN) and other International Organisations in Geneva, said the country has made a number a step towards addressing the issue of racial profiling, including the recently introduced Federal Law No. 2 (2015), on […]
By Steve Holland | WASHINGTON WASHINGTON Iraqi Prime Minister Haider al-Abadi thanked U.S. President Donald Trump on Monday for removing Iraq from a travel ban affecting several Muslim-majority countries and said he sought stronger cooperation in fighting Islamic State militants. The two leaders sat down face to face at the White House for the first time since Trump took office on Jan. 20. Abadi is trying to […]
While VIX declined last week, the cost of protecting against major market swings has spiked above its previous Brexit-vote-day peak, reaching a fresh all-time high. As a reminder, CBOE explains, SKEW, is calculated from the prices of S&P 500 out-of-the-money options. SKEW typically ranges from 100 to 150. A SKEW value of 100 means that the perceived distribution of S&P 500 log-returns is normal, and the probability […]
By Lawrence Hurley and Andrew Chung | WASHINGTON WASHINGTON Democrats raised questions on Monday about whether Neil Gorsuch, President Donald Trump’s U.S. Supreme Court nominee, would rule against abortion rights and gun control while favouring corporations as his Senate confirmation hearing began, with the court’s ideological balance at stake. Judiciary Committee Republicans praised Gorsuch, the conservative appeals court judge from Colorado nominated by Trump on Jan. 31, […]
BOSTON The football jersey that New England Patriots quarterback Tom Brady wore in last month’s Super Bowl victory in Houston, Texas, which disappeared hours after the stunning come-from-behind win, has been found in Mexico, the National Football League and police said Monday. Both the jersey worn in Brady’s fifth league championship over the Atlanta Falcons, and the one he’d worn two years earlier when the team topped […]
U.S. stocks reversed course to trade slightly higher in late morning trading on Monday, helped by a rise in technology stocks including Apple. Apple (AAPL.O) rose nearly 1 percent, hitting a new record-high of $141.34, lifting the tech-heavy Nasdaq Composite index to yet another intraday high. The iPhone-maker’s stock could rise another 10 percent in six months, Barron’s wrote in an article posted Saturday. The U.S. stock […]
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 […]
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 […]
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 […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks were mixed on Monday in thin trade, following Wall Street’s declines and the G20’s decision to drop a pledge to avoid trade protectionism, while the Federal Reserve’s less hawkish-than-expected comments continued to drag the dollar lower. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.1 percent. Chinese shares .SSEC added 0.2 percent, while Hong Kong’s Hang Seng […]
In order for the “big bureaucratic beast” known as the Australian government to make good on its promise to undergo a digital transformation, it needs to change the way it procures products and services, and according to Assistant Minister for Digital Transformation Angus Taylor, one of the key places to start is ridding its innovation-stifling service provider panels. Speaking with journalists on Sunday, Taylor criticized the procurement […]
By Michelle Martin | SAARBRUECKEN, Germany SAARBRUECKEN, Germany When voters head to the polls in the German state of Saarland later this month, they are likely to deliver an upset to Chancellor Angela Merkel that could be a foretaste of September’s national election. One of Germany’s smallest states, Saarland is – like federal Germany – currently governed by a ‘grand coalition’ of Merkel’s conservatives and the Social […]
WASHINGTON A detailed version of President Donald Trump’s budget to be released in May will lay out plans to eventually erase U.S. deficits, White House budget director Mick Mulvaney said on Sunday. “We’re getting into that now. By May, I think it’s mid-May we’re shooting for right now, we’ll have that larger budget…” Mulvaney said on NBC’s “Meet the Press” program. Mulvaney acknowledged that the budget would […]
Former minister accuses the bureau of only targeting Sindh, PPP while investigating cases of corruption PPP leader Sharjeel Memon addressing a press conference on March 19, 2017. EXPRESS NEWS SCREEN GRAB ISLAMABAD: Pakistan People’s Party (PPP) Sharjeel Inam Memon on Sunday heavily criticised National Accountability Bureau (NAB) for its lack of “across the board” action against those named in corruption cases. The former information minister in the PPP-led […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on positive signals for the word’s second-largest economy and the implications for investors of the Federal Reserve rate rise. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Investors may be wary of being burnt by China but the drumbeat of bullish noises […]
