Paris / AFP French luxury goods group Hermes said on Wednesday that net profit rose to skim the billion-euro mark last year despite an economic slowdown in China, the Paris terror attacks and currency fluctuations. Hermes, known for its leather handbags such as the Birkin named for the British singer and its silk square scarves, posted growth across the regions ...
Read More »â€˜Bomber brothers’ identified as Belgium intensifies manhunt
Brussels / AFP Two suicide bombers who struck Brussels were identified on Wednesday as brothers linked to the prime suspect in the November 13 Paris attacks, as a manhunt for a third assailant in Belgium’s bloodiest terror assault gained pace. A day after the triple blasts that killed some 35 people and left around 250 injured, in an operation claimed ...
Read More »Europe let security slip, says Australia
Sydney / AFP Australian Prime Minister Malcolm Turnbull said on Wednesday that Europe had “allowed security to slipâ€, as he questioned the EU’s Schengen passport-free zone in the wake of the Brussels attacks. Turnbull’s comments came as Belgium’s neighbours France, Germany and the Netherlands tightened border security after some 35 people were killed in Belgium’s worst extremist assault. Security at ...
Read More »â€˜Urgent’ need to bolster EU external border controls: French PM
Paris / AFP France’s prime minister on Wednesday said there was an “urgent need†to tighten controls on the European Union’s external borders after deadly bombings in Brussels claimed by the IS group. “There is an urgent need to strengthen the external borders of the European Union,†Manuel Valls told French radio. Heightened vigilance was required to stop people crossing ...
Read More »Brussels airport remains closed amid investigation
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 ...
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