EU writes to UK providing assurances over Ireland Brexit backstop

European Council President Donald Tusk and European Commission President Jean-Claude Juncker have written a letter to British Prime Minister Theresa May setting out assurances about the so-called Northern Ireland backstop.


Posted 2019/01/14 11:33:49

Pompeo: Saudis assured me of accountability for Khashoggi murder

U.S. Secretary of State Mike Pompeo said on Monday that Saudi leaders assured him everyone responsible for the murder of journalist Jamal Khashoggi would be held accountable, as Riyadh tries to resolve its biggest political crisis in a generation.


Posted 2019/01/14 11:32:11

Military cargo plane crashes in Iran, 15 killed

A Boeing 707 military cargo plane crashed in bad weather on Monday west of the Iranian capital, killing 15 out of the 16 people on board, the Iranian army said.


Posted 2019/01/14 11:18:26

China car sales hit reverse for first time since 1990s

Car makers in China will face more fierce competition this year, after a tough 2018 when the world's biggest auto market contracted for the first time in more than two decades, the country's top auto industry association said on Monday.


Posted 2019/01/14 10:01:23

Worst is over for winter storm that clobbered U.S. Midwest, D.C. and New England

The deadly winter storm that clobbered a swath of the U.S. Midwest and East Coast over the weekend is blowing out to sea, but leaves as much as 13 inches of snow in Washington, D.C. and Virginia, and frigid arctic air parked over New England.


Posted 2019/01/14 09:57:54

Urging Gulf states to heal rift, Pompeo lands in Riyadh

U.S. Secretary of State Mike Pompeo said on Sunday that a rift between Qatar and its Gulf Arab neighbors had gone on for too long and was threatening regional unity needed to counter Iran.


Posted 2019/01/14 08:33:29

Qatar sees no need to re-open embassy in Syria: foreign minister

Qatar's foreign minister said on Monday that he saw no need to re-open an embassy in Damascus, nor any encouraging signs for a normalisation of ties with the Syrian government.


Posted 2019/01/14 08:33:29

Pompeo cancels Kuwait leg of MidEast trip: spokesman

U.S. Secretary of State Mike Pompeo will cut short his Middle East trip because he needs to return to the United States for a family funeral, a state department spokesman said on Monday.


Posted 2019/01/14 08:31:45

UK trade minister Fox says no Brexit deal is default government policy

The default policy of the British government is to leave the European Union on March 29 without any deal if Prime Minister Theresa May cannot get an agreement through parliament, International Trade Secretary Liam Fox said on Monday.


Posted 2019/01/14 08:10:59

Fintech firms want to shake up banking, and that worries the Fed

The U.S. Federal Reserve is wary of giving "fintech" firms such as OnDeck Capital Inc or Kabbage Inc. access to the country's financial infrastructure, putting the central bank at odds with other regulators looking to bring them into the fold.


Posted 2019/01/14 06:08:38

CEO exits as PG&E faces fire liabilities, bankruptcy preparations

PG&E Corp Chief Executive Geisha Williams has stepped down, the company said on Sunday, as pressure from potentially crushing liabilities linked to catastrophic wildfires have pushed the California utility owner to the financial brink and prompted it to make bankruptcy preparations.


Posted 2019/01/14 04:50:35

Automakers in China brace for another bumpy ride after tough 2018

Car makers in China are bracing for zero to tepid growth in sales this year, after a tough 2018 when the world's top auto market probably contracted for the first time in about two decades, as slowing economic growth drags on demand.


Posted 2019/01/14 04:44:40

U.S. judge partially blocks Trump administration birth control rules

A judge in California on Sunday partially blocked a set of Trump administration rules that allow employers to opt out of providing health insurance that covers women's birth control from taking effect.


Posted 2019/01/14 04:26:00

China says biggest trade worries this year are external uncertainty, protectionism

China's customs said on Monday that the biggest worry in trade this year is external uncertainty and protectionism, forecasting the country's trade growth may slow in 2019.


Posted 2019/01/14 02:35:53

Flights canceled as deadly snowstorm hits U.S. mid-Atlantic states

A winter snowstorm blamed for the deaths of at least seven people in road accidents across the U.S. Midwest rolled into the mid-Atlantic states on Sunday, forcing a ground stop at Dulles International Airport and the cancellation of hundreds of flights.


Posted 2019/01/14 01:34:24

Iran says it is taking initial steps to design reactor fuel

Iran is taking preliminary steps to design uranium fuel with a purity of 20 percent for reactors instead of having to copy foreign designs, Iran's nuclear chief said on Sunday.


Posted 2019/01/14 01:27:52

White House asked for options to strike Iran: source

The White House's national security team last fall asked the Pentagon to provide it with options for striking Iran after a group of militants aligned with Tehran fired mortars into an area in Baghdad that is home to the U.S. Embassy, a source familiar with the matter said on Sunday.


Posted 2019/01/14 00:30:06

Schumer to force vote on U.S. decision to lift sanctions on Russia firms

U.S. Senate Democratic Leader Chuck Schumer said on Saturday he will force a vote soon on a resolution to disapprove the Trump administration's decision to relax sanctions on three Russian companies connected to oligarch Oleg Deripaska.


Posted 2019/01/13 21:01:00

Republican Senator Graham urges Trump to open U.S. government temporarily

A Republican senator close to President Donald Trump on Sunday backed a temporary re-opening of the federal government, in the 23rd day of the longest shutdown ever, to allow for talks on a spending agreement that could satisfy Trump's border security demands.


Posted 2019/01/13 20:00:49

Exclusive: PG&E talking to banks on multibillion dollar bankruptcy financing - sources

PG&E Corp is in discussions with investment banks about a multibillion-dollar financing package to help navigate bankruptcy proceedings, a sign that Chapter 11 filing preparations are intensifying in the wake of potentially staggering liabilities from deadly wildfires, sources said on Sunday.


Posted 2019/01/13 19:10:19