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April 27, 2016 Politics
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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April 27, 2016 Politics
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 ...
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April 27, 2016 Politics
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 ...
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April 27, 2016 Opinion
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, ...
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April 27, 2016 Opinion
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 ...
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April 27, 2016 Opinion
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 ...
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April 27, 2016 Opinion
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 ...
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April 27, 2016 Opinion
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 ...
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April 27, 2016 Opinion
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 ...
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April 27, 2016 Banking
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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