There were tensions as the European Union’s negotiator mocked Prime Minister Theresa May even as Brexit talks ended in stalemate, with both sides deadlocked over the divorce bill. Britain wants a deal that’s impossible to achieve and is refusing to acknowledge its financial obligations, Michel Barnier said. The “sufficient progress” needed to move on to…
A global powerhouse worth $280 billion on China’s Valentine’s Day was created by matching the country’s top coal miner with one of its biggest utilities as Beijing announced its latest arranged marriage. But the union may spark jealousy elsewhere even as couples across the country celebrated the Qixi Festival. A bigger rival with an outsized…
Worries of fresh tension between Washington and Pyongyang were raised after North Korea fired a missile over northern Japan which resulted in world stocks tumbling and safe-haven assets soaring on Tuesday. A rally in the euro to above a key level chipped in to put regional stocks on track at one point for their biggest…
Portraying German Chancellor Angela Merkel as slow to tackle the country’s diesel-car crisis, soft on Turkish President Recep Tayyip Erdogan and out of touch with voters, her main election opponent stepped up his attacks on her record. Merkel, whose Christian Democratic-led bloc leads the SPD by as many as 17 percentage points in national polls,…
Although it has played down this notion, it has not rejected it and has in fact taken steps towards being one. On Friday, in a significant development, German Foreign Minister talked to his Russian counterpart Sergei Lavrov on the North Korea crisis, said Russia’s Foreign Ministry. On Wednesday Germany had stated it would do everything…
The globe’s two biggest emerging economies are squaring off over their shared border while the world has focused on North Korea. A hot spot for increasing military tension in recent months has been China and India’s borderlands, though geographically desolate and inhospitable. Given that both are equipped with nuclear weapons, the situation could escalate even as the two…
In a proposal cheered by British businesses but which is likely to raise eyebrows on the continent, U.K. wants to maintain tariff-free, bureaucracy-light trade with the European Union for a period after Brexit and perhaps permanently, the U.K. government said. After it leaves in March 2019, it will seek to negotiate a “close association” with the…
As key U.S. officials played down the risk of an imminent war with North Korea and as South Korea’s president said resolving Pyongyang’s nuclear ambitions must be done peacefully, tensions on the Korean peninsula eased slightly on Monday. A spike in tensions in recent months has been spiked by concerns that North Korea is close to…
It has become a lot harder for Venezuela to dig itself out of the giant economic, political and social hole it’s in by the government of the country. In order to create a new legislative body that supersedes others, including the opposition-led National Assembly, Venezuela held a highly contentious vote on Sunday. The National Constituent Assembly…
Even as fears n sparked that Southeast Asia’s largest economy could embark on a Philippine style drug war, the country has expressed a willingness to let authorities shoot down drug dealers, having come under pressure from widespread illegal narcotics distribution. Indonesian President Joko Widodo or Jokowi recommended police to shoot drug traffickers who resisted arrest and said that…
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