Israeli firm’s workers held in Romania for spying

Romania / AFP Two workers from an Israeli intelligence company have been arrested in Romania for trying to intimidate the head of the national anti-corruption agency and hacking e-mails, officials said on Wednesday. An arrest warrant was issued on Sunday for Belgian David Geclowitz and Israeli-born Ron Weiner, who holds a French passport. Both work for Israeli firm Black Cube. ...

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EU overhauls asylum law to share burden

Brussels / AFP The European Union launched a drive on Wednesday to overhaul the EU’s asylum rules to more fairly share responsibility for an unprecedented influx of migrants despite resistance within the 28-nation bloc. The European Commission, the EU executive, unveiled options to reform the rules two days after Greece began to expel migrants to Turkey under a controversial deal ...

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Japan PM defends US military alliance in rebuff to Trump

Tokyo / AFP US military bases remain essential to Japan’s security, Prime Minister Shinzo Abe said in an interview on Wednesday, as he brushed off comments by Republican presidential candidate Donald Trump that Tokyo should be left to defend itself. Japan’s alliance with Washington has been the bedrock of its defence since the end of World War II, and the ...

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Brazil president faces key call in impeachment drive

Brazil / AFP Brazilian President DilmaRousseff’s battle to cling to power enters a crucial phase on Wednesday as lawmakers hear a motion on whether there are grounds to impeach her. A congressional committee has wrapped up its preliminary sessions and will now hear lawmaker JovairArantes present his recommendation on whether congress should vote to open an impeachment trial. He is ...

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Moniz leads a quiet revolution in clean energy

So much of America’s future is at stake in the 2016 presidential election. But let’s focus for a moment on just one area — energy and the environment — where the Obama administration has made startling progress that could be reversed if either of the GOP front-runners becomes president. Energy Secretary Ernie Moniz, arguably President Obama’s best Cabinet appointment, has ...

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UAE must continue diversification boost

The UAE has started reaping the fruits of its economic diversification policy, thanks to the successful policies initiated by the leadership to move the economy from its full dependence on oil sector to multiple sectors and resources. Given these sound policies, the national economy has grown steadily over the past few years. The economy today is stronger, resilient and diversified. ...

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Could Koreans lead future pvt military firms?

Robert Farley SPECIAL TO EMIRATES BUSINESS The end of the Cold War led to the largest military demobilization since the final days of World War II. Between 1988 and 1999, the Soviet Union alone reduced its military personnel by about three million men (although some of these found employment in the armed forces of successor states). The rest of the ...

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Central Asia points to US as its biggest threat

What state to citizens in the former Soviet Union view as the biggest threat? Last year Gallup polled thousands across Eastern Europe and Eurasia about which state they viewed as the biggest threat. “What one country in the world would you say poses the greatest threat to your country?” People were asked. The results released this week are interesting, though ...

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Investors love London houses. That’s a problem

Jean-Michel Paul Britain’s economy may be growing at a faster rate than its European counterparts, but there are two statistics that ought to give concern: London’s stratospheric real estate prices and the country’s current account deficit (which measures the sum of exports and imports and net investment flows as well as net transfers). They are, in fact, two sides of ...

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Pakistan’s ticking time bomb: Climate change

While Pakistan is already struggling with a potential existential threat—the scourge of terrorism—it’s currently siting on an even bigger ticking time bomb. Ahead of the United Nations Climate Change Conference in Paris in December 2015, the Pew Research Center conducted a survey measuring perceptions of different international issues (such as global climate change, global economic instability, and IS). In Pakistan, ...

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