Around the Globe

Around the Globe

Trump’s rivalry with China overlooks US economic reliance

President Donald Trump is breaking with recent US convention by portraying China as a rival that wants to undermine American prosperity. But it may take more than an aggressive tone to change the complex relationship between two economies that are joined at the hip.

US helped thwart major attack in St. Petersburg - US, Russia say

The United States provided intelligence to Russia that helped thwart a potentially deadly bomb attack in St. Petersburg, U.S. and Russian officials said, in a rare public show of cooperation despite deep strains between the two countries.

Russian President Vladimir Putin telephoned U.S. President Donald Trump on Sunday to thank him for the tip-off, which the Kremlin said helped prevent a militant bomb attack on a cathedral in the Russian city, as well as other sites.

Farewell to the 747, the plane that shrank the world

For a half-century, Boeing Co. mechanics in a sprawling factory north of Seattle, United States, have riveted together aluminum panels into the familiar hump-backed form of the 747 jumbo jet. Test pilots then put each new plane through its paces on an adjacent air strip before sending it off to roam the globe.

This airplane, more than any other, made long-range travel into a mass-market phenomenon. And on Monday, one of the jets born here is returning home.

May heads back to Brussels after Brexit defeat by her own party

UK Prime Minister Theresa May is headed to a European summit that was set to approve the breakthrough victory in Brexit talks she celebrated last week. Instead, she arrives after a serious defeat at the hands of her own party.

Lawmakers voted 309 to 305 on Wednesday evening to change her government’s planned legislation so that it guarantees they will get a “meaningful vote” on the final deal to leave the European Union at the end of negotiations in 2019. And rather than the Brexit hardliners who have so often undermined her, this time it was pro-Europeans who defected.

No evidence New York bomb suspect linked to Bangladesh militants: security chief

Bangladesh has found no evidence linking a Bangladeshi man charged with an attempted suicide bombing in New York with militants in Bangladesh, its counter-terrorism chief told Reuters on Wednesday.

US prosecutors on Tuesday brought federal charges against Akayed Ullah, a 27-year-old Bangladeshi and self-described supporter of Islamic State, accusing him of supporting a foreign terrorist organisation.

Times Square subway bomber tells police he’s a follower of Islamic State

A Brooklyn man wearing a pipe bomb attached with Velcro and zip ties set off an explosive in the Times Square subway station Monday morning, injuring himself and three others, sending ambulances racing and commuters fleeing as Christmas shoppers poured into New York City.

The 27-year-old suspect, Akayed Ullah, wore the device that went off shortly after 7 am in an attempted terror attack, Police Commissioner James O’Neill said at a news conference near the scene. Ullah suffered serious burns, while other victims had minor injuries, he said.

Hamas calls for Palestinian uprising in response to Trump’s Jerusalem plan

The Islamist group Hamas urged Palestinians on Thursday to abandon peace efforts and launch a new uprising against Israel in response to US President Donald Trump’s recognition of Jerusalem as its capital.

The Israeli military said it was reinforcing troops in the occupied West Bank, deploying several new army battalions and putting other forces on standby, describing the measures as part of its “readiness for possible developments”.

EU sets Sunday deadline after 'no white smoke' on Brexit

The European Commission said today that there was still "no white smoke" on a Brexit deal and set a limit of Sunday for British Prime Minister Theresa May to return to Brussels with an acceptable deal.

"So far no white smoke. We stand ready to receive prime minister May at any moment in time when they are ready," Margaritis Schinas, chief spokesman for commission chief Jean- Claude Juncker, told reporters in Brussels.

Trump’s Plan for Jerusalem Embassy Leaves Key Details Unresolved

President Donald Trump will formally declare Jerusalem to be Israel’s capital and direct the State Department to start the process of moving the US embassy there from Tel Aviv, a historic shift of US policy that could inflame key allies.

But in a sign the announcement could be more symbolic than substantive, the White House warned that any actual move would take years and that the specific boundaries of Israeli sovereignty over Jerusalem are still subject to peace talks that have bedeviled US presidents for decades.

Rate-sensitive stocks dip, as market awaits RBI policy stance

Stocks in rate sensitive sectors like real estate, auto stocks witnessed selling ahead of the RBI monetary policy announcement, while banking stocks gained marginally even as several brokerage houses expect RBI to adopt a hawkish tone in the coming monetary policy.

Brokerages firms feel that given the sharp liquidity dip in banking, growing inflation and concerns of fiscal slippage would force RBI to hold rates and it could sound more hawkish on its stands.