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  Bloomberg The worst cyclone in six years is set to smash into the coast of Queensland on Tuesday morning, forcing thousands of Australians to evacuate or seek emergency shelter and prompting some of the world’s biggest miners to halt coal operations. Cyclone Debbie is forecast to intensify before it makes landfall north of the city of Mackay with winds ...

  GENEVA / AP Swiss and Turkish prosecutors announced separate investigations on Monday after protesters hoisted a banner in Switzerland’s capital showing a gun pointed at an image of Turkish President Recep Tayyip Erdogan next to the words, “Kill Erdogan.” Bern regional prosecutors opened a probe for alleged “public provocation of crimes or violence,” Bern police spokesman Dominik Jaeggi said. ...

  Donald Trump boasts that he has been an economic genius, creating jobs, cutting $12 billion off the national debt and overseeing a soaring stock market in just his first two months. These claims are largely phony. He may need braggadocio, though, because on the economy he has been dealt a bad hand politically. This problem is likely to be ...

  How to command a premium for mediocrity? If that question is posed to Postal Savings Bank of China Co., which counts almost half the people in the world’s most-populous nation as its customers, the answer may well be ‘superior tax planning.’ The Hong Kong-listed Chinese lender enjoys an 8 percent to 26 percent valuation premium over the four largest ...

  Secretary of Defense James Mattis and Joint Chiefs of Staff Chairman Joseph Dunford found something constructive to tell senators on an appropriations subcommittee this week, even if it had nothing to do with the Pentagon budget. The two men challenged lawmakers to finally provide a legal basis for the U.S. war against terrorist groups. It’s something that President Barack ...

  Iraqi and coalition forces launched the operation to liberate western Mosul, the most populated urban areas, from IS extremists on February 19. Since then the Iraqi forces have wrested back a series of neighbourhoods. Troops have also retaken the city’s airport, a sprawling military complex, the main government compound. The offensive is being waged from three directions advancing along ...

  The Socialist candidate for the French presidency, Benoit Hamon, says he doesn’t believe in the ‘myth’ and “quasi-religion” of growth– it’s part of the “consumerist, productivist and materialist model” of development, he argues. That’s outside the economic mainstream, and many see those views as a symptom of the meltdown of the global left. But the just-released Global Happiness Report ...

  The global smartphone market has seen better days, yet the industry underpins the hottest stocks in Asia’s best-performing sector this year. The MSCI Asia Pacific Infotech index is up almost 16 percent in 2017, outgunning the runner up (industrials) by just shy of 7 percentage points. And leading that sub-index, in dollar terms, are smartphone suppliers. What’s interesting is ...

  Markets are never perfect in their predictive abilities but they tend to be forward-looking in how they trade to anticipate what will happen next. Take last week’s interest-rate increase by the Federal Reserve, its third since December 2015, and the bond market. Bond yields have been rising for some time. In what some investors are calling a generational bottom ...

  DUBAI / Emirates Business Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, celebrated the launch of Panin Dubai Syariah Bank in Indonesia, in the presence of DIB Group CEO Dr Adnan Chilwan, key local officials including Muliaman D. Hadad, Chief Commissioner OJK, Dr KH Ma’ruf Amin, Chief of the Indonesia Ulama Council, Hamlim Alamsyah, Chief Commissioner ...