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By Valerie Volcovici and Jeff Mason | WASHINGTON WASHINGTON President Donald Trump on Tuesday signed an order to undo Obama-era regulations to curb climate change, keeping a campaign promise to support the coal industry while calling into question U.S. support for an international deal to fight global warming. Flanked by coal miners, Trump enacted his “Energy Independence” executive order at the Environmental Protection Agency. A coalition of […]

WASHINGTON — The F.B.I. on Tuesday arrested two Iraqi refugees living in Northern Virginia after they failed to disclose that one of their brothers had been involved in the 2004 kidnapping of an American contractor in Iraq. The refugees, Yousif Al Mashhandani, 35, of Vienna, Va., and Adil Hasan, 38, of Burke, Va., admitted to the F.B.I. that they did not tell the authorities about their brother […]

Cairo, 28th March 2017 Representatives of Rosatom and Russian universities visited major universities of the Arab Republic of Egypt. The visit aimed at developing cooperation between Russian and Egyptian educational institutions. During its four-day trip, the Russian delegation visited Alexandria University, the Arab Academy of Science, Technology and Marine Transport, Cairo University, Ain Shams University, and Egyptian Russian University. The Russian delegation included representatives of National Research […]

(Image: C-SPAN broadcast) Rules preventing internet providers from selling personal information, such as customer browsing histories, will be repealed, following a vote in the US House of Representatives this afternoon. The Republican-led House voted 215-203 in favor of repealing the rules, implemented just a few months ago under the previous Obama administration. It follows a similar vote in the Senate last week, which also speedily passed the […]

A former University of New Mexico student failed to persuade a federal appeals court that the school violated her free speech rights by rejecting an essay containing anti-lesbian remarks that she had written for a film class. The 10th U.S. Circuit Court of Appeals on Tuesday said the university had legitimate pedagogical concerns when its professors refused to grade Monica Pompeo’s critique of a film about a […]

The Republican-controlled Committee on Oversight and Government Reform approved a bill earlier today to allow for a congressional audit of the Federal Reserve’s monetary policy, a proposal Fed policymakers have opposed and likely faces a difficult path to final approval in the Senate.  Under the bill, the Fed’s monetary policy deliberations could be subjectto outside review by the Government Accountability Office.  While similar bills have garnered some […]

The UAE will close down a business for 72 hours and impose a severe financial penalty for value added tax evasion, according to tax consultants who attended a VAT briefing by the Ministry of Finance (MoF). The briefing for advisors took place last week ahead of a nationwide awareness campaign by the MoF that will educate various stakeholders on the collection of VAT ahead of its implementation […]

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The former chief financial officer of Rupert Murdoch’s Fox News Channel has been offered immunity from prosecution by government lawyers investigating payments to women allegedly harassed by Roger Ailes, the network’s former chairman, according to people briefed on the case. Mark Kranz was CFO of Fox News from 2004 until last year, leaving the channel shortly after Mr Ailes was pushed out by its parent company, 21st […]

U.S. stocks opened little changed on Tuesday as investors assessed President Donald Trump’s first major policy stumble, while awaiting comments from several Federal Reserve policymakers including Fed Chair Janet Yellen. The Dow Jones industrial average .DJI was down 16.24 points, or 0.08 percent, at 20,534.74, the S&P 500 .SPX was down 1.8 points, or 0.07 percent, at 2,339.79 and the Nasdaq composite .IXIC was down 2.92 points, […]

By Isabel Coles | MOSUL, Iraq MOSUL, Iraq Investigators are in the Iraqi city of Mosul to determine whether a U.S.-led coalition strike or Islamic State-rigged explosives caused a huge blast that destroyed buildings and killed more than 200 people, a U.S. military commander said. Conflicting accounts have emerged since the March 17 explosion in al-Jadida district in west Mosul, where Iraqi forces backed by U.S.-led coalition […]

The Australian Federal Court has handed down its decision in Telstra’s proceedings against the Australian Competition and Consumer Commission (ACCC)’s final access determination (FAD) on wholesale copper pricing, with the judgment reaffirming the regulator’s decision. The ACCC’s FAD, published in October last year, cut the prices that the telecommunications giant can charge wholesale customers for use of its legacy copper network during the transition to the NBN […]

Vocus Communications has announced selling its 16 percent stake in Macquarie Telecom, offloading 3,358,511 MAQ shares at a price of AU$12.20 per share for a total of around AU$41 million. Vocus sold 100 percent of its interest in Macquarie Telecom to both institutional and retail shareholders via a block trade, it announced to the Australian Securities Exchange on Tuesday morning. According to Macquarie Telecom, the sale of […]

By Alberto Alerigi | SAO PAULO SAO PAULO Brazil’s Agriculture Ministry said on Monday it ordered three more food processing facilities to suspend production amid an investigation into alleged corruption of inspectors and unsanitary conditions in the world’s biggest meat producer. That brings to six the number of food processing plants that have been ordered temporarily closed by Brazilian authorities. A total of 21 plants are included […]

By Ayesha Rascoe | WASHINGTON WASHINGTON Following the failure of a healthcare bill backed by President Donald Trump, his administration plans to take a lead role in crafting major legislation to cut taxes with an eye toward meeting an August target date, the White House said on Monday. Trump’s pledge to cut taxes, including a lowering of the rates paid by corporations, was a pillar of his […]

European governments and related organisations have ramped up their sales of new debt this year, in the latest sign of bond markets bracing for rises in interest rates and an increase in political risks. Overall borrowing from eurozone sovereigns, local authorities, agencies and supranationals such as the European Investment Bank is currently at €210bn — the highest year-to-date amount since 2012, Dealogic data show, and the second-highest […]

By Joe Kirwin The European Parliament’s special Panama Papers investigative committee concluded its four-day “fact-finding” visit to the U.S. with its chairman calling on the U.S. to close its tax loopholes. In a March 24 telephone interview at the conclusion of the U.S. visit, the committee‘s chairman, German lawmaker Werner Langen, told Bloomberg BNA that EU members “have made appeals to the U.S. federal government and Delaware […]

A lawyer pleaded guilty Friday in one of the largest Social-Security fraud schemes in recent years. Eric Conn, a 56-year-old Social Security disability lawyer, pleaded guilty in a Kentucky federal court to one count of theft of government money and one count of payment of gratuities for his role in what the government calls a […] (via WSJ)

ABU DHABI // The UAE has contributed Dh200 million to the Interpol Foundation for a Safer World, supporting seven projects fighting global crime and terrorism over five years. Announced ahead of the Unity for Security Forum in Abu Dhabi, which starts on Tuesday, the money will help to fund collaborations and training in Interpol’s 190 member states. “Building relations with relevant institutions in the fight against crime […]

March 27, 2017 by: Roger Blitz in London and Eric Platt and Robin Wigglesworth in New York Financial markets shuddered on Monday as investors absorbed the collapse of US healthcare reform last week, with some fearing pro-growth policies like tax reform could be stymied by government inaction and a Republican party in disarray. Global stocks retreated, US banks slid into correction and the dollar index fell to […]

MANILA The Philippines could tighten its money laundering law this year to cover casinos, its top lawmaker said on Monday, in a move aimed at plugging loopholes that allowed $81 million stolen from Bangladesh to pass through Manila gaming venues. The Senate aims to approve its version of the bill in May and it is likely the lower house of Congress would hold separate discussions on its […]

Defendants may find themselves taken into custody if they travel abroad. Their assets could be seized in other countries. Continue reading the main story “It starts a process of accountability,” said Stephen J. Rapp, former United States ambassador at large for the Office of Global Criminal Justice and now a nonresident fellow at The Hague Institute for Global Justice, who helped to file the case. “We could […]

The US stock market’s shifting reaction to the inability of Donald Trump and the House of Representatives to repeal Obamacare belies the much bigger question the failure raises for Wall Street: can this administration steer corporate tax cuts through Congress? This matters because the expectation that American companies will enjoy smaller tax bills has helped fan a 10 per cent gain for the S&P 500 since the […]

The Australian government’s National Broadband Network (NBN) company is linking up rural residents to satellite services even where towns have existing fixed-line communications infrastructure, according to the Northern Territory government, which has also criticised the installation delays, service dropouts, and usage caps on the service. “The Australian government’s current position is that areas outside the major cities and towns, including all remote communities in the Northern Territory, […]

The federal government has tasked Innovation and Science Australia (ISA) with developing a plan that will put Australia in a position as a leading “innovation nation” by 2030. In its 2030 Strategic Plan Issues paper, the independent body charged with researching, planning, and advising the government on all science, research, and innovation matters highlighted six challenges it sees as central to shaping the strategy, with one placing […]

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