Malaysia protecting its ‘dignity’ in expelling NK envoy

  KUALA LUMPUR / AP Malaysia is protecting its “sovereignty and dignity” by expelling the North Korean ambassador, the prime minister said on Monday, as relations between the countries unraveled further over the poisoning of Kim Jong Nam, the estranged half brother of North Korea’s leader. North Korea announced shortly before the deadline for its ambassador to leave Malaysia on ...

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Kremlin: Trump’s wiretap claim purely a ‘domestic issue’

  MOSCOW / AP Claims by President Donald Trump that his phones were wiretapped by his predecessor, Barack Obama, during the 2016 election campaign are a purely domestic matter for the United States, the spokesman for Russian President Vladimir Putin said on Monday. The claim came amid revelations about contacts between Trump aides and Russia’s ambassador to the U.S., both ...

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Ex-cop links Philippine leader to killings in Senate inquiry

  MANILA / AP A retired Philippine police officer testified on Monday that President Rodrigo Duterte and his men were linked to nearly 200 killings that the officer and a “death squad” carried out when Duterte was mayor of a southern city. Arturo Lascanas outlined at a Senate inquiry some of the key killings he and others allegedly staged “with ...

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German government condemns Erdogan’s Nazi remarks

  BERLIN / AP Germany’s government on Monday condemned remarks by Turkey’s president accusing officials of “Nazi practices,” days after a local authority prevented a Turkish minister from addressing a rally there. Chancellor Angela Merkel’s chief of staff called Turkish President Recep Tayyip Erdogan’s statements “absolutely unacceptable.” “Germany cannot be outmatched regarding the rule of law, tolerance and liberalism,” he ...

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Etihad Airways continues its sustainability drive

  Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, has continued to make improvements in the fuel efficiency of its fleet, resulting in substantial reductions in carbon dioxide emissions and reinforcing the sustainability credentials of the airline. The airline’s dedicated fuel efficiency team drove numerous initiatives across all operational functions of the business, ...

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EasyJet ski flights show Britons weathering pound’s decline

  Bloomberg UK holidaymakers are weathering the impact of last year’s Brexit’s vote on the pound, with passenger numbers on EasyJet Plc’s ski routes and city-break flights surging last month, according to the discount carrier. Traffic from Britain to winter sports centers gained 12 percent in February, exceeding the 10.5 percent increase across the network, EasyJet said Monday. Group-wide travel ...

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Puma, Under Armour trade places in sportswear league table

  Bloomberg Puma SE and Under Armour Inc. have switched sides. Helped by endorsements from Rihanna and Kylie Jenner, the German sportswear maker is in comeback mode. Its profits are reviving and its shares are surging — a mirror image to its similarly sized U.S. rival, which is reeling from a sales slowdown and a stock slump. Puma’s celebrity-fueled approach ...

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Kenya minister opposes regulations to break up Vodafone unit

  Bloomberg Kenya’s government opposes using regulation to force East Africa’s biggest mobile operator Safaricom Ltd. to be broken up, after a draft study found the company is dominant in the country’s telecommunications industry, Information, Communications and Technology Secretary Joseph Mucheru said. The government disapproves of measures that would stifle innovation as it wants companies to expand by investing in ...

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Japanese funds call for higher yields as BOJ stifles returns

  Bloomberg The Bank of Japan is caught in a quandary. To let bond yields rise or not. Governor Haruhiko Kuroda wants to make longer-maturity debt more attractive by letting yields move higher, yet doing so will put pressure on his efforts to keep 10-year borrowing costs close to zero. He will eventually have to raise the target rate, say ...

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Asean haven status gives baht headache to Thai central bank

  Bloomberg Thailand’s popularity among bond investors is creating a headache for policy makers counting on exports and tourism to drive growth. Some $2.1 billion of foreign money has flowed into the nation’s debt this year, making it the top destination among Southeast Asia’s emerging markets. That’s buoying the baht, the region’s best developing-nation performer in 2017, and spurring speculation ...

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