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Washington / AFP Democratic frontrunner Hillary Clinton suffered a surprise loss to challenger Bernie Sanders in a major state primary, as billionaire Donald Trump notched a trio of easy victories in the Republican presidential nomination race. The former secretary of state slumped to defeat in the industrial rust belt state of Michigan, where Sanders snagged 49.9 percent of the vote ...

Sydney / AFP Washington is in talks to station its strike bombers in Australia, according to a US general, amid concern about China’s military expansion in the South China Sea. General Lori Robinson, commander of US Pacific Air Forces, said negotiations were under way to have American B-1 bombers and aerial tankers temporarily stationed in northern Australia. “We’re in the ...

Vilnius / AFP Five EU states have proposed sanctions against Russian officials responsible for the trial of hunger-striking Ukrainian military pilot Nadia Savchenko, Lithuanian Foreign Minister Linas Linkevicius said Wednesday. Savchenko is on trial for alleged involvement in the death of two Russian state television journalists in a mortar attack that occurred two months after Ukraine’s pro-Moscow eastern revolt broke ...

Tehran / AFP Iran fired two more long-range ballistic missiles on Wednesday as it continued military tests in defiance of US sanctions and fresh warnings from Washington. Coming just weeks after the implementation of Iran’s historic nuclear deal with world powers, this week’s multiple missile tests were described by Iran’s powerful Revolutionary Guards as a show of force in the ...

Ankara / AFP Turkey’s foreign minister on Wednesday rejected the idea Ankara was “begging” the EU for money, after it dramatically doubled its demand for funding during crunch talks on Europe’s migrant crisis. The European Union and Turkey clinched a deal in November for three billion euros ($3.3 billion) in funds for refugees in return for Ankara’s cooperation in tackling ...

Seoul / AFP North Korean leader Kim Jong-un said his country has successfully miniaturised a thermo-nuclear warhead, as Pyongyang on Wednesday continued to talk up its nuclear strike capabilities amid rising military tensions on the Korean peninsula. While the North has boasted of mastering miniaturisation before, this is the first time Kim has directly claimed the breakthrough that experts see ...

If there’s one country that needs creative economic policy solutions, it’s Japan. With many observers saying Abenomics has stalled after a year of weak economic performance, plenty of people are asking what’s next — or has Japan run out of ideas? The backdrop doesn’t look great. The country is experiencing an unprecedented decline in population. The national debt is mounting. ...

When Elon Musk closes his eyes and imagines the future of electric cars, he probably doesn’t see city streets jammed with golf carts. The Chinese government does. It’s drawing up plans to regulate plug-in vehicles with maximum speeds of 43 miles per hour. Included in that category are a vast range of vehicles that ply China’s countryside and smaller cities, ...

BLOOMBERG Stocks traders put declines in Asia behind them as European markets rose with U.S. index futures and commodities. Government bonds fell, gold slid and the euro weakened. European shares advanced for the first time in three days on speculation the region’s central bank will ramp up monetary stimulus on Thursday. A gauge of raw materials rebounded from its biggest ...

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.11% to close at 4569.00 points. Accordingly the Market Capitalization has lost AED 0.82 billion attaining AED 741.15 billion. A total of 360.74 Million Shares were traded with a total value of AED 490.42 million during the trading session of 09-03-2016 through 4783 transactions. The number of companies which ...