WASHINGTON: Hours after getting the green light from the World Trade Organisation, Washington moved Wednesday to retaliate against the EU over illegal subsidies for Airbus, announcing tariffs on $7.5 billion worth of European goods starting October 18. The ruling is the largest arbitration award in WTO history and a landmark moment
WARSAW: Like hundreds of thousands of other Poles, 42-year-old Piotr Zientala anxiously awaits a crucial EU court ruling Thursday on the legality of Swiss franc mortgages which could determine his financial future. On the other side, economists warn that if the European Court of Justice (ECJ) decides in favour of
HONG KONG: Asian markets tanked yesterday after a below-par US jobs report compounded worries about the world’s top economy, while the WTO fanned fresh trade war fears by allowing Washington to impose tariffs on the European Union. Investors tracked yet another plunge in Europe and on Wall Street — where
NEW YORK: Tesla reported lower-than-expected third quarter auto deliveries Wednesday, pushing shares lower in after-hours trading. The electric carmaker, which is led by Elon Musk, delivered 97,000 vehicles last quarter, a bit below the 99,000 projected by analysts. The figures raised fresh doubts about the company’s ability to hit its
LONDON: British tobacco giant Imperial Brands, which recently warned over a backlash against vaping in the United States, said yesterday that Chief Executive Alison Cooper is stepping down. Cooper, who served nine years as CEO and has been at Imperial for 20 years, will leave once her successor has been
LIVERPOOL: Liverpool manager Jurgen Klopp believes even the European champions have plenty of room for improvement after surviving a huge Champions League scare to beat Salzburg 4-3 after blowing a three-goal lead. Sadio Mane opened the scoring against his former club before Andy Robertson and Salah put the holders in
OITA (Japan): The All Blacks warned their Rugby World Cup plans were starting to come together on Wednesday after a nine-try, 63-0 drubbing of Canada in steamy Oita. In gruelling, sauna-like conditions, the performances of Sonny Bill Williams, Richie Mo’unga and the forwards particularly impressed, as did scrum-half Brad Weber
DOHA: Dina Asher-Smith ended Britain’s 36-year wait for a short sprint title at the World Championships on Wednesday as Grant Holloway of the United States stormed to victory in the 110 metres hurdles. Asher-Smith, the silver medallist in the 100m, dominated a 200m field depleted by injuries and withdrawals to
The year is 2025 and militants have attacked India’s parliament, killing most of its leaders. New Delhi retaliates by sending tanks into the part of Kashmir controlled by Pakistan. Fearing it will be overrun, Islamabad hits the invading forces with its nuclear weapons, triggering the deadliest conflict in history and
JAKARTA: More than 500 people were arrested after clashes in Indonesia’s capital amid nationwide protests against a raft of divisive reforms — including banning pre-marital sex and weakening the anti-graft agency — authorities said yesterday. The arrests came after a night of pitched street battles between riot police and stone-throwing
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