IN THE past, coach travel was seen as somewhat glamorous. That is perhaps an odd legacy of a Clark Gable film from 1934 called “It Happened One Night”, about a romance between two passengers travelling on a crowded bus going from Florida to New York. But now many people look down on it as something […]
Read moreIraq’s reconstruction efforts desperately need international investment, and the U.S. and its Gulf allies want to push back Iran’s entrenched influence in the war-weary country. Billions of dollars in recently pledged investment from Saudi Arabia and its neighbors may serve as a tool to meet both of these ends, but Iraq’s upcoming election could threaten […]
Read moreSt. Louis Federal Reserve Bank President James Bullard on Friday spelled out the case against any further interest rate increases, saying rates may already have reached a “neutral” level that is no longer stimulating the economy. Going further at this point, he said, risks nipping off business investment that might follow the recent corporate tax […]
Read moreThe U.S. will try and get other governments to pay more for prescription drugs through trade negotiations and agreements, said Health and Human Services Secretary Alex Azar. Part of the blueprint President Donald Trump will unveil Friday aimed at lowering U.S. drug prices will target “foreign freeloading,” according to summary the White House shared with […]
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Italians could be about to find out what their next government looks like, after more than two months of political stalemate. The anti-establishment parties, Five Star Movement (M5S) and Lega, have until Sunday to come up with an agreement or Italy will be headed for a repeat of its March election. The two parties said […]
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Formula One (F1) has approved a new Miami street circuit Grand Prix to be added to the calendar in 2019. However, reigning World Champion Lewis Hamilton has suggested organizers might want to have a rethink before committing fully to the idea. The Mercedes driver indicated ahead of this weekend’s Spanish Grand Prix that he had […]
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In the face of recent decisions taken by President Donald Trump, Europe needs to strengthen its position as a global player, the president of the European Commission said Friday. Trump decided earlier this week to pull the United States out of an international nuclear accord with Iran. The U.K., Germany and France, who are also […]
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British regulators said on Friday they had fined Barclays Chief Executive Jes Staley a total of 642,430 pounds ($870,428.41) for breaching conduct rules by attempting to identify who had sent letters criticizing a Barclays employee. The fine by the Financial Conduct Authority and the Prudential Regulation Authority included a 30 percent discount for Staley agreeing […]
Read moreIsrael bombed more than 35 sites in Syria — both Iranian and Syrian — early Thursday in response to a rocket attack it said was launched by Iran just after midnight local time. Amid a rapid escalation of regional tensions, the strikes have thrust a simmering shadow war out into the open. Israel’s military claimed […]
Read moreThe world’s largest steelmaker ArcelorMittal reported on Friday higher-than-expected first-quarter earnings, helped by a sharp pick-up in metal prices. The company said outlook for 2018 had improved as the year progressed. The company’s first-quarter core profit (EBITDA) rose 13 percent year-on-year to $2.51 billion, above the average $2.33 billion expected in a Reuters poll of […]
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