HONG KONG/LONDON: HSBC Holdings turned in a disappointing annual profit as higher costs and a stocks rout chipped away at its trading businesses, while warning that an economic slowdown in China and Britain would throw up further hurdles this year. Chief executive John Flint, rounding off his first year at
BAGHOUZ (Syria): US-backed fighters in Syria are poised to capture Islamic State’s last, tiny enclave on the Euphrates, the battle commander said on Saturday, bringing its self-declared caliphate to the brink of total defeat as US President Donald Trump spoke of “100 percent victory”. Jiya Furat said the Syrian Democratic
AURORA (Illinois): The gunman who killed five co-workers and wounded five policemen at an Illinois factory was a violent felon who nevertheless obtained a state permit to buy a firearm despite being legally barred from owning one, authorities said on Saturday. Gary Martin, 45, who carried his pistol to work
DUBAI: Flights at Dubai International Airport were temporarily grounded yesterday morning due to suspected drone activity, an airport spokesperson said. The suspension was in effect from 10.13 to 10.45 am local time (0613-0645 GMT) before flights were cleared to resume, Dubai Airport said. Service was now back to normal, the
BRUSSELS: The European Commission has concluded that palm oil cultivation results in deforestation and its use in transport fuel should be phased out, but environmentalists criticised it on Monday for allowing a number of exceptions. The Commission published its proposed criteria for determining what crops caused harm at the weekend,
WASHINGTON: Scientists have discovered in 2.1-billion-year-old black shale from a quarry in Gabon the earliest evidence of a revolutionary development in the history of life on Earth, the ability of organisms to move from one place to another on their own. The researchers on Monday described exquisitely preserved fossils of
SHANGHAI: Sales by China’s retail businesses during the Lunar New Year holiday rose 8.5 percent from a year earlier, pushing up consumer stocks yesterday, but a cooler pace of growth added to evidence the economy is slowing. The Ministry of Commerce, in a notice on its website late Sunday, said
LONDON: Some of the world’s major palm oil users, including Nestle, Unilever, and Mondelez, are trying out new satellite technology to track deforestation, as pressure grows on them to source the ingredient responsibly. They say the monitoring systems allow them to target people felling trees in producing countries like Malaysia
SYDNEY: After a year of bruising interrogation, Australia’s oligopoly banking system has emerged from a government-appointed inquiry with reputations tarnished and some top executives removed – but also an unexpected opportunity to rebuild. Proposed reforms to the mortgage broking industry revealed last week will potentially put billions of dollars of
BRUSSELS: The two best performers among the Group of Seven economies in the third quarter almost certainly took separate paths in the fourth, as Britain suffered a Brexit reality check, while the United States sailed on despite the trade war it has sparked. The world’s largest economy is expected to
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