Bloomberg China hit back at US President Donald Trump on Wednesday, saying its efforts on North Korea have been “indispensable.†China has “played an important and constructive role†in seeking peace on the Korean peninsula, Foreign Ministry spokesman Geng Shuang told reporters in Beijing. China strictly implements United Nations Security Council resolutions and isn’t the crux of the North Korean ...
Read More »Politics
Republican wins US House seat in Georgia after close race
Bloomberg Republican Karen Handel defeated a well-funded opponent in a special election for a U.S. House seat in Georgia, a setback for Democrats who hoped President Donald Trump’s low approval ratings would help them win congressional races. Handel, 55, won in a suburban Atlanta district held by the GOP since 1979 despite raising far less money than Democrat Jon Ossoff, ...
Read More »Macron cements cabinet control as troublesome minister quits
Bloomberg A one-time rival to President Emmanuel Macron was forced out of the French government on Wednesday as the president asserted his authority after a resounding victory in Sunday’s parliamentary elections. Justice Minister Francois Bayrou, 66, who threw his weight behind Macron’s campaign in February after mulling his own bid for the presidency, quit Wednesday morning. European Affairs Minister Marielle ...
Read More »Saudi king names his son as heir to throne
Bloomberg Saudi Arabia’s Deputy Crown Prince Mohammed Bin Salman was named to replace his cousin as heir to the throne in a shake-up that consolidates the 31-year-old leader’s power in the world’s biggest oil exporter. The king’s decision to elevate his son, who already controlled the defense, oil and economy portfolios, was supported by 31 out of 34 members of ...
Read More »May faces new political reality with Brexit-heavy program
Bloomberg Prime Minister Theresa May will make her first attempt to engage with Britain’s new political landscape as she publishes a legislative program heavy on Brexit and likely to be light on anything controversial. Queen Elizabeth II was expected to read out the plans to lawmakers at 11:30 a.m. in London on Wednesday in an occasion stripped of most of ...
Read More »Germany warns US against ceding lead role to China, Russia
Bloomberg Wolfgang Schaeuble, Germany’s veteran finance minister, urged the US to limit Russian and Chinese influence or risk bringing about “the end of our liberal world order.†The comments by Schaeuble, a member of Chancellor Angela Merkel’s cabinet since she took office in 2005, are one of the strongest expressions of concern among European policy makers that President Donald Trump’s ...
Read More »Brexit talks kick off in Brussels as May urged to soften stance
Bloomberg Brexit talks finally began on Monday, almost a year since Britons voted to leave the European Union and amid confusion over what exactly the UK government wants from the divorce. What UK Brexit Secretary David Davis describes as the “most complicated negotiation of all time†began at 11 a.m. in Brussels with Prime Minister Theresa May’s government already on ...
Read More »Suspected terror attack near London mosque kills one
Bloomberg UK police are treating an incident in which a van plowed into a crowd outside a north London mosque as the third terrorist attack on the capital in as many months. One man died and 10 people were injured, all of them “from the Muslim community,†Deputy Assistant Commissioner Neil Basu told reporters in London on Monday. The attack ...
Read More »Mali forces kill assailants, free hostages after resort attack
Bloomberg Special forces in Mali killed two assailants and freed all hostages after an attack in which at least another two people died at a resort that’s popular with foreigners on the outskirts of the capital, Bamako. The “terrorist attack†started a 4 p.m. at Le Campement Kangaba, near the suburb of Dougourakoro, the security ministry said in a statement ...
Read More »Iran fires missiles at Syria after Tehran attacks
Bloomberg Iran said it fired missiles at IS targets in Syria in retaliation for the extremists’ deadly attacks in Tehran last week, a rare strike signaling Iran’s willingness to escalate its use of military power in the region’s conflicts. Six surface-to-surface missiles were launched on Sunday from western bases in Iran at command centers, logistic sites and suicide car bomb ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.