Brussels / AFP A proposed EU-Turkey deal to swap Syrian refugees one-for-one will be only “temporary” and a longer-term resettlement arrangement will be necessary, the Netherlands warned on Thursday. European Union interior ministers meeting in Brussels were debating a proposal made by Ankara at a leaders’ summit on Monday for a wide-ranging deal to curb the migration crisis. Under the ...

Ankara / AfP Turkey will not take back migrants already on Greek islands under a deal proposed to European Union leaders at a crunch summit this week, Ankara’s EU affairs minister said on Thursday. Volkan Bozkir was quoted by the Anatolia news agency as saying Turkey would take back “tens of thousands” of migrants, “not hundreds of thousands or millions”, ...

Bloomberg Brazilian prosecutors dealt another blow to former President Luiz Inacio Lula da Silva, accusing him of hiding assets from authorities just days after a separate probe unleashed a new round of political turmoil in the country. The Sao Paulo state prosecutor’s press office confirmed the charges, declining to provide additional details. Newspaper O Globo reported they are for money ...

Seoul/ AFP North Korea looked to ratchet up already elevated tensions on the Korean peninsula still further on Thursday, firing a pair of short-range missiles and announcing the liquidation of all remaining South Korean assets on its territory. The moves were a direct response to unilateral sanctions announced by South Korea on Tuesday to punish the North for its January ...

Is the American economy stronger than we think? Perhaps. A persisting puzzle about its recent performance is the stark contrast between growth of jobs (which has been unexpectedly robust) and the growth of the economy’s output (which has been unexpectedly weak). How could a struggling economy produce so many jobs? The puzzle would disappear if the economy’s output is consistently ...

The EU-Turkey’s draft deal seems practical as it could stop smugglers from exploiting desperate refugees, and stem the flow of migrants to Greece, which has no capacity to accommodate them. Yet, the pact has come under fire from the UN and rights groups. The EU consensus shows European leaders are resolved to give a window of opportunity for refugees through ...

Announced in 2013 on a stage at Nazarbayev University in Astana, Kazakhstan by Chinese President Xi Jinping, the land-based portion of the “One Belt, One Road” initiative (the Silk Road Economic Belt) traces a line through Central Asia. The Chinese are far from the first to brand cross-regional trade visions under the Silk Road banner — although, as several speakers ...

Hillary Clinton’s performance in the debate in Florida on Wednesday was, as usual, a professional effort. She’s good at this, and she hit her marks repeatedly. But she also reminded me of one worry I have about her as president. Clinton had a good day in Michigan and Mississippi on Tuesday. That’s right: A good day. She received more votes ...

BLOOMBERG The markets asked, and European Central Bank President Mario Draghi delivered. The Stoxx Europe 600 Index surged and government bonds rose, while the euro slid as the ECB announced cuts to key interest rates and increased the scope of its bond-buying program. U.S. stock-index futures jumped. South Korea’s won rallied after policy makers refrained from lowering borrowing costs, New ...

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -1.30% to close at 4509.80 points. Accordingly the Market Capitalization has lost AED 9.6 billion attaining AED 731.55 billion. A total of 0.92 Billion Shares were traded with a total value of AED 1.29 billion during the trading session of 10-03-2016 through 11283 transactions. The number of companies which ...