Berlin /Â AFP Germany announced on Wednesday it is replacing the head of its foreign intelligence service, which has been rocked by revelations it helped the US National Security Agency spy on European targets. Gerhard Schindler, 63, will take early retirement from July 1, leaving the reins of the BND service to Bruno Kahl, a trained lawyer and currently high-ranking ...
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Amid outside pressure, N Korea sets date for key convention
SEOUL / AP Facing mounting international pressure over its nuclear and missile ambitions, North Korea has set a date for its biggest political convention in decades next week that is expected to bolster young dictator Kim Jong un’s grip on power. The ruling Workers’ Party, led by Kim, will open its 7th congress in Pyongyang on May 6, the ...
Read More »Iran parliament in balance in poll run-offs
Tehran /Â AFP Nearly a quarter of Iran’s parliamentary seats are at stake on Friday in an election in which reformists want to consolidate their recent comeback and minimise the clout of hardline lawmakers. The second round run-offs were triggered because no candidate in 68 constituencies managed to win 25 percent of votes cast in the initial nationwide ballot on ...
Read More »Conflict in the Caucasus
STEPANAKERT, Nagorno-Karabakh The military commander of this breakaway Armenian republic predicted in an interview here Monday that a fragile cease-fire could collapse within days. By that night, Azerbaijani shelling had killed two Armenian soldiers in a northern border town, amid accusations by each side that the other had violated the truce. The “frozen conflict†here, stalemated for 22 years, ...
Read More »Saudi’s push to non-oil sectors commendable
Saudi Arabia’s ambitious strategy to restructure the Kingdom’s economy is seen as an unprecedented departure from oil dependency to diversification. In recent years, Riyadh has relied on oil revenues for about 90% of its budget. The new economic paradigm shift involves diversification, privatisation of massive state assets — including the energy giant Aramco — tax increases and subsidy cuts. Prince ...
Read More »USA won’t beat China in driverless race with brake on
Tim Culpan / David Fickling Companies in both China and the U.S. want to develop driverless cars. Slick videos and flashy powerpoint slides envision a future where humans sit back and relax while their transport pods glide across highways, seamlessly merge into traffic and pull up smoothly at the kerb. Miles Google’s driverless cars have clocked 1.5 million. What ...
Read More »Why did Russia’s pivot to Asia fail?
On the surface, the concept of a Russian pivot to Asia made sense, particularly greater cooperation between Moscow and Beijing. But, as a pair of fellows from the Mercator Institute for China Studies in Berlin and a senior associate at the Carnegie Moscow Center made clear in separate articles published this month, Russia’s Asia pivot has failed so far ...
Read More »Lessons of Chernobyl are still unlearned
The presidents of Ukraine and Belarus, the two countries most affected by the Chernobyl nuclear disaster, used the meltdown’s 30-year anniversary on Tuesday to make political statements. It looks like neither of them — nor Russian President Vladimir Putin — has drawn the right conclusions from the tragedy, which probably hastened the Soviet Union’s demise. Unit 4 of the ...
Read More »Britain exit could be good for Europe
Britain is asking itself whether quitting the European Union would be good or bad — for Britain. President Barack Obama is advising Britain to stay — presumably because he thinks that would be good for the U.S. But what if Brexit would be good for Britain and the U.S. mainly because it would be good for Europe? I’m led ...
Read More »Barclays gains dip 33% as slowdown bites
London / Reuters Barclays reported a worse than expected 33 percent slump in pretax profits for the first three months of the year, as the lender followed its US peers in reporting falling investment banking revenues in a weak global market environment. Barclays said first quarter pretax profits fell to £793 million ($1.15 billion), just below the average forecast ...
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