President Donald Trump’s top economic adviser — former Goldman Sachs executive Gary Cohn — has come out in favor of a radical reform: restoring the Depression-era Glass-Steagall Act, which for much of the 20th century separated bread-and-butter commercial banking from high-octane investment banking. The thinking behind this proposal is appealing. The basic idea is to narrow the scope of ...

  US Vice President Mike Pence arrived in South Korea at the start of a 10-day trip to Asia a day after North Korea paraded its intercontinental ballistic missiles in a military display in Pyongyang to celebrate the 1912 birthday of Kim Il Sung, North Korea’s founding ruler. Pence Asia trip coincides with the North Korea’s failed missile launch. It ...

  When I was studying for my doctorate in economics, a friend was studying for his in strategy. When I asked to explain the difference between the two fields, he said it boiled down to one thing — economists assume that companies behave optimally, while strategists try to find ways they can do better. In some corners of the econ ...

  Another day, another refusal to admit that GOP efforts to repeal and replace the Affordable Care Act (ACA) are dead. In an interview with Fox Business that aired recently, President Donald Trump said it’s been “misreported” that his administration has failed in its efforts reform health care. He suggested that his party’s reforms will result in $900 billion in ...

  Last week and last month and last year we were so close, minutes and moments away, from another Greek debt deal. Every newspaper on the Continent, and every politician quoted in them, told us so. They never said anything else. Consequently, I pay little attention to when they open their collective mouths and repeat the eulogy once again. If ...

  DEARBORN / AP In her job as a refugee case manager, Fatimah Farooq would come to work in a hijab and speak with her clients in Arabic. Nonetheless, she found herself being asked whether she was Muslim. It’s not easy, Farooq says, navigating her dual identities as black and Muslim. “I’m constantly trying to prove that I belong,” said Farooq, ...

  Dubai / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, issued a press statement on the occasion of the GCC Food Safety Day, marked annually on April 15 by the Gulf Cooperation Council (GCC) states as a special day to shed light on food safety issues and to raise public awareness about the importance ...

  ABU DHABI / WAM The Abu Dhabi City Municipality (ADM) and the Desert General Transport and Clearance Co. have signed a Musataha Agreement, under which the Company will design, build and invest a community market project in Mohamed bin Zayed City, Abu Dhabi, at cost AED172 million. After signing the agreement, Musabbah Mubarak Al Murar, Acting General Manager of ...

  Abu Dhabi / Emirates Business Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, and Emaar Entertainment, the leading operator of exceptional and unique leisure and entertainment business of Emaar Properties PJSC, announced a partnership that will see Yas Mall become the home of Abu Dhabi’s first KidZania, the legendary children’s edutainment centre. KidZania®, ...

  BEIRUT / AP Syrian TV said at least 39 people were killed on Saturday in an explosion that hit near buses carrying people evacuated from a besieged area of government loyalists. A war monitor put the death toll at 24 in the area controlled by opposition fighters. The explosion was caused by a car bomb, according to Syrian TV ...