Johnson says Britain still backs 2-state solution in Mideast

  RAMALLAH / AP Britain’s foreign minister said on Wednesday that his country remains “absolutely” committed to a two-state solution to the Israeli-Palestinian conflict and that obstacles to a deal, including accelerated Israeli settlement building, must be removed. Boris Johnson said he believes it’s still possible to set up a state of Palestine alongside Israel and that the leadership change ...

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Germany hopeful relations with Turkey can normalize

  BERLIN / AP Germany’s foreign minister expressed cautious optimism on Wednesday that Berlin and Ankara may begin to slowly reel diplomatic relations back to normal, following an escalation of tensions that culminated with Turkish President Recep Tayyip Erdogan accusing Germany of “Nazi practices.” Foreign Minister Sigmar Gabriel said talks at a Berlin hotel over breakfast with Turkish Foreign Minister ...

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Philippine top diplomat loses job over US passport

  MANILA/ AP Philippine lawmakers rejected the appointment of Perfecto Yasay as the country’s top diplomat on Wednesday after his flip-flopping statements first denying then admitting he was once a US citizen. When he first appeared before the congressional Commission on Appointments’ Foreign Affairs Committee last month, Yasay denied ever holding US citizenship. During Wednesday’s hearing, he admitted being granted ...

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Our real-life spy thriller

  If you were writing a pitch for a Hollywood series about the roiling investigation of the Trump campaign’s possible dealings with Russian operatives, you might describe it as ‘Billions’ meets ‘The Americans.’ This plot has already had some weird twists and turns, and we aren’t even at the end of Season One. It’s must-see television, for sure, but disheartening, ...

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Volkswagen’s uphill passage to India is worth the drive

  Toyota Motor Corp., Volkswagen AG, General Motors Co. and Renault-Nissan Group are the giants of the global industry, each selling about 10 million cars a year and together accounting for almost half of the passenger vehicles produced by major manufacturers worldwide. In India, though, they’re minnows, with a combined market share that’s not much above 10%. To make matters ...

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The big reform India needs the most

  Prime Minister Narendra Modi has reason to be wary of ambitious reforms to India’s economy, given the fraught rollout of his plan to ban 500- and 1,000-rupee notes overnight. For his country to reach its true economic potential, however, he will need to do something about India’s ailing state banks. These institutions, which account for more than 70 percent ...

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Trump’s new travel ban still divisive

  US President Donald Trump issued a revised order restricting people from six Muslim-majority countries from entering United States. The new directive, which is effective from March 16, excludes Iraq and allows those having current US visa to travel freely. Like the previous order issued on January 27, the new one bans all refugees for 120 days, but Syrian refugees ...

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The surprising roots of Malaysia’s rage

  It didn’t take long for Malaysia to retaliate against North Korea for barring its citizens from leaving the country on Tuesday. Within hours, a security cordon had surrounded North Korea’s Malaysian embassy to prevent diplomatic staff from leaving. The response may not be legal under international law, but it’s certainly understandable. North Korea is not only accused of sponsoring ...

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Retail bankruptcies don’t always help rivals

  A competitor’s loss doesn’t always translate into a win. Dick’s Sporting Goods Inc. said that sales at established stores rose 5 percent in the most recent quarter from the year before as it picked up retail locations from now-defunct sporting goods competitors such as Sports Authority and Golfsmith. But the company also warned sales and earnings growth would slow ...

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Note to Snap: Being profitable at IPO matters

  Snap, the parent company of Snapchat, has had its oversubscribed initial public offering and a big first-day pop. But if recent tech IPO history is any indication, longer-term investors are headed for a big disappointment. I’ve written before why I think Snap’s not worth its valuation ($23.8 billion at the IPO price of $17, $28.3 billion at the time ...

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