29 C
Makati City
Friday, January 20, 2017
China is canceling plans to build more than 100 coal-fired power plants, seeking to rein in runaway, wasteful investment in the sector while moving the country away from one of the dirtiest forms of electricity generation, the government announced in a directive made public this week. The announcement, made by...
CAIRO—Donald J. Trump’s all-but-dismissal of human rights as a foreign-policy principle could land like an earthquake across a Middle East landscape beset by warring factions and beleaguered governments, with some players eyeing the prospect of once unimaginable new alliances. Syria is the foremost test of Trump’s promise of a return...
WASHINGTON—When President Barack Obama arrived in office eight years ago, the departing President George W. Bush essentially withdrew from public life, declaring that his successor “deserves my silence”. It was an approach that Obama greatly appreciated but does not intend to follow. At the final news conference of his presidency,...
WASHINGTON—They line up near the Oval Office, down the hallway toward the Cabinet Room, trailed by their spouses and young kids in their finest clothes. When it’s their turn, the White House staffers enter for a few private moments with President Barack Obama, a photo and a farewell hug...
DAVOS, Switzerland—In a world troubled by grave uncertainties over the basics governing trade, security and the mission to limit climate change, President Xi Jinping of China on Tuesday portrayed his nation as a responsible global citizen dedicated to furthering international integration. That a leader of the People’s Republic of China...
LONDON—“Get on with it.” With those words early in a major speech on Tuesday, Prime Minister Theresa May charted Britain’s course toward a clean break with the European Union (EU) and expressed her fondest hope: that the time for “division and discord” is over. Her much-anticipated speech outlined what promised...
He called the North Atlantic Treaty Organization (Nato) obsolete. He said Germany’s acceptance of refugees is “utterly catastrophic.” The decades-old One-China policy embraced by the United States? That’s up for discussion. Just days before President-elect Donald J. Trump’s inauguration, world leaders on three continents are on edge after comments the...
The International Monetary Fund (IMF) is taking a cautious stance toward the policies of US President-elect Donald J. Trump, who takes office this week, assuming a modest boost to the US economy from his promise of fiscal stimulus. The IMF maintained its forecast for global growth in 2017 of 3.4...
HOUSTON—Astronaut Gene Cernan traced his only child’s initials in the dust of the lunar surface. Then he climbed into the lunar module for the ride home, becoming the last person to walk on the moon. It was a moment that defined the Apollo 17 commander in both the public eye...
DAVOS, Switzerland—The gap between the super-rich and the poorest half of the global population is starker than previously thought, with just eight men, from Bill Gates to Michael Bloomberg, owning as much wealth as 3.6 billion people, according to an analysis by Oxfam released on Monday. Presenting its findings on...
WASHINGTON—When Donald J. Trump strides onto the inaugural ballroom floor this week amid the sprawling celebration of his swearing-in, he will have corporate America and many of its titans to thank for the rapturous greeting. Chevron, the oil giant, has given $500,000 for the days-long festivities. Boeing, which has been...
Donald J. Trump has often ridiculed global warming and promised to withdraw the US from the global accord signed in Paris in 2015. Yet, despite the change of political weather in Washington, the captains of business and finance gathered in Davos this week will spend a lot of time talking...
PARIS—Sending a forceful message to Israel’s prime minister and the incoming Trump administration, dozens of countries called on Sunday on Israel and the Palestinians to revive work toward long-elusive peace—including an independent Palestinian state. The closing declaration at a Mideast peace conference in Paris urged both sides to “officially restate...
JAKARTA, Indonesia—The waste from discarded electronic gadgets and electrical appliances has reached severe levels in East Asia, posing a growing threat to health and the environment unless safe disposal becomes the norm. China was the biggest culprit with its electronic waste more than doubling, according to a new study by...
ELLENTON, Florida—After 146 years, the curtain is coming down on “The Greatest Show on Earth”. The owner of the Ringling Bros. and Barnum and Bailey Circus told The Associated Press that the show would close forever in May. The iconic American spectacle was felled by a variety of factors, company...
CHINA’S foreign ministry said its One-China policy isn’t negotiable and urged Donald J. Trump to recognize the “high sensitivity” with which it views Taiwan, a day after the president-elect hinted for the second time in a month at a reset of US-China relations. Trump was quoted by the Wall Street...
IT wasn’t a surprise when Donald J. Trump took the opportunity during his January 11 press conference to angrily accuse CNN of spreading fake news. Throughout the campaign, Trump had complained the cable network was being unfair to him—and at one point vowed that as president, he would block...
WASHINGTON—Seven months ago, a respected former British spy named Christopher Steele won a contract to build a file on Donald J. Trump’s ties to Russia. Last week the explosive details—unsubstantiated accounts of frolics with prostitutes, real-estate deals that were intended as bribes and coordination with Russian intelligence of the...
WASHINGTON—The incoming Trump administration is looking to “unleash the potential” of private investors to boost the national transportation networks that underpin the US economy, the president-elect’s pick for transportation secretary, Elaine Chao, told lawmakers. Economic gains are being “jeopardized” by aging infrastructure, rising highway fatalities, growing congestion and a failure...
CHICAGO—A growing number of economists have found that many cities and states have considerable room to raise the minimum wage before employers meaningfully cut back on hiring. But that conclusion may gloss over some significant responses to minimum-wage increases by individual employers, according to two new studies. And those reactions...