Brussels / Bloomberg Brussels Airport will remain closed on Wednesday as terrorism investigators sift through the site seeking evidence in the twin bombing attacks a day ago that killed at least 31 people. “Because the forensic investigation is still under way, we currently have no access to the building,†the airport said in a statement on its website. “It is ...
Read More »Lavrov urges Europe to drop ‘geopolitical games’
Moscow / AFP Russian Foreign Minister Sergei Lavrov on Wednesday called for Europe to drop its “geopolitical games†and unite behind efforts to fight terrorism, a day after attacks in Brussels killed around 30 people. “I really hope that Europeans, in the face of the terrible threat of terrorism that occurred yesterday in Brussels, will put aside their geopolitical games ...
Read More »The dark path to Brussels
The value of catastrophic events is that they can help people face up to problems that are otherwise impossible to address. Maybe this will be the case with Tuesday’s horrific attacks in Brussels. Europe is facing a security threat that’s unprecedented in its modern history, at a time when its common currency, border security and intelligence-sharing are all under severe ...
Read More »Plug security loopholes before a Brussels replay
The terrorist attacks in Brussels have once again evoked the international resolve to defeat terrorism, defend freedom and human rights not only in Europe but also around the world. Posing a new challenge, perpetrators vented their anger over the arrest of Salah Abdeslam, the most wanted suspect in November’s attacks in Paris. They seem to send a vengeful message that ...
Read More »Assessing market reactions to Brussels
The reaction of financial markets to the terrorist attacks in Brussels on Tuesday was calm and mature, showing that they have learned the lessons of such tragedies, which have become all too common. Nonetheless, markets will find it increasingly difficult to price the longer- term effects, including unusual political developments that could affect the global economy. The markets’ relatively muted ...
Read More »Trump immigration attack begins in Brussels
Here we go again. Speaking on NBC’s Today show shortly after deadly terrorist attacks in Brussels, Donald Trump said the U.S. should “close up our borders until we figure out what’s going on.†The Trumpian rhetoric is now familiar: His proposal is both shockingly aggressive — it was accompanied by another call to “expand†American law to permit the torture ...
Read More »Aquino’s military modernization is unprecedented, but insufficient
Shang-su Wu SPECIAL TO EMIRATES BUSINESS With his term set to end in June, it’s an appropriate time to review the Philippines’ military modernization efforts under the administration of President Benigno Aquino III. During his six years in office, military modernization has advanced at a scale unprecedented since the Marcos era – but it remains insufficient. After the Philippines gained ...
Read More »Pulling up the ladder? Electoral reforms in Australia
Last week legislation to change the voting procedures for the Senate passed both houses of the Australian Parliament. With the current conservative Liberal/National coalition government not having a majority in the Senate, the legislation was passed with the assistance of the Greens, and the powerful South Australian Independent Senator, Nick Xenophon. Whenever a voting system becomes a topic of debate ...
Read More »Dollar’s Fed-fuelled gains dent gold, oil; European stocks rise
BLOOMBERG The dollar is on its longest winning streak in a month as speculation builds that the Federal Reserve is moving closer to raising interest rates — and that’s weighing on oil, gold and emerging markets. The U.S. currency strengthened for a fourth day after Chicago Fed President Charles Evans joined officials who’ve said this week they expect to raise ...
Read More »Emirates Securities Market up by 0.12 percent
ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.12% to close at 4503.58 points. Accordingly the Market Capitalization has gained AED 0.88 billion attaining AED 730.54 billion. A total of 378.09 Million Shares were traded with a total value of AED 0.55 billion during the trading session of 23-03-2016 through 6353 transactions. The number of companies which ...
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