Kaine wows crowds on Day One as Clinton running mate

  Miami / AFP Tim Kaine made a big splash in his first appearance as Hillary Clinton’s running mate for the White House, savaging Donald Trump’s foreign policy ideas as dangerous and wowing a Miami crowd with fluent Spanish. Kaine, a 58-year-old senator from the battleground state of Virginia, won many a cheer and laugh and frequent applause as he ...

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Munich gunman ‘planned shooting for a year’

  Munich / AFP The teenager who shot dead nine people at a Munich shopping mall spent a year planning the rampage but selected his victims at random, officials said on Sunday. Details are emerging of gunman David Ali Sonboly as a depressed 18-year-old who was obsessed with mass killings and had long struggled with his mental health. Friday’s shooting ...

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Paradise lost — and found?

  WASHINGTON It’s the revolution of rising expectations again. Watching Donald Trump last week, I thought of Alexis de Tocqueville, the French political philosopher whose “Democracy in America,” published in the 1830s, remains the most insightful study of our national character. But it was de Tocqueville’s other masterpiece, “The Old Regime and the French Revolution” (1856), that came foremost to ...

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G2O needs to apply tools for inclusive growth

  The pledge made by the world’s leading economies to do more to lift global growth to deal with fallout from Britain’s Brexit vote and counter dissatisfaction with globalisation is important. These will definitely reverse the slowing global economic growth. With the focus of the British leave vote, the Group of 20 nations hoped to see the UK as a ...

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Trump’s opponents are helping him win

  Clive Crook Listening to Donald Trump’s speech at the Republican convention, and scanning the reaction to it, I have the sinking feeling that he might win in November. He’s extremely effective at what he does. His critics, on the other hand, are not. The speech was purest populism: nine-tenths grievances and empty promises, one-tenth stupid policy ideas. Yet the ...

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China’s secret weapon in the South China Sea: Cyber attacks

  Despite China’s great power aspirations, its cyber warriors threw a fit after losing a legal battle to the Philippines in The Hague. Within hours of the Permanent Court of Arbitration’s unanimous rebuke of China’s territorial claims in the South China Sea last week, at least 68 national and local government websites in the Philippines were knocked offline in a ...

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Skanska sees Brexit toll on non-housing construction

  Bloomberg Skanska AB, the Swedish construction company that built the City of London’s landmark Gherkin building, lowered its outlook for U.K. non-residential construction after the country voted to leave the European Union. “Ahead of the Brexit vote, private developers were in a wait-and-see mode and refrained from starting projects — that cautiousness has continued after the referendum,” Chief Executive ...

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Brexit blues: London home presales dip by 34 percent

  Bloomberg Sales of London homes under construction slumped 34 percent in the second quarter as the prospect of a vote to leave the European Union damped demand already hurt by higher taxes. The number of residences sold before completion fell to about 4,600 from 6,974 a year earlier, according to data compiled by researcher Molior London . A spokesman ...

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China’s Wanda to sell Madrid project at € 272 million

  Shanghai / AFP China’s property giant Wanda, owned by the country’s richest man Wang Jianlin, has signed an MOU to sell a historic Madrid skyscraper to a Spanish developer for €272 million, the company said. Wanda plans to sell all shares of Wanda Madrid Development, which holds the 25-storey Edificio Espana, to Spain’s property developer Baraka Global Investment, its ...

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Blackstone’s profit rises 2 percent on better sales

  Bloomberg A group led by US real estate investor Blackstone Group LP, the world’s largest manager of alternative assets, said second-quarter profit rose 2 percent as it earned more from real estate sales and its credit portfolio gained. Economic net income, a measure of earnings that reflects both realized and unrealized investment gains, increased to $520 million, or 44 ...

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