The Saudi stock market has dropped more than 6.8% after President Donald Trump threatened "severe punishment" over the disappearance of Washington Post columnist Jamal Khashoggi as its governement hit back at the US. The drop in the Tadawul exchange in Riyadh happened Sunday, the first day of trading. "The Kingdom as the government and people…
Goldman Sachs, which lacked the inroads into Saudi Arabia that other banks had, sent its co-president, Harvey M. Schwartz, along with the head of its Middle East and North Africa business. Endeavor, the Beverly Hills holding company for entertainment agencies, sent its co-chief executive, Ariel Emanuel, to help push along negotiations for a Saudi investment.…
Media playback is unsupported on your device Media captionJamal Khashoggi: What we know about the journalist's disappearance Britain and the US are considering boycotting a major international conference in Saudi Arabia after the disappearance of Saudi journalist Jamal Khashoggi, the BBC has learned.Mr Khashoggi, a critic of the Saudi government, vanished on 2 October after…
TORNILLO, Texas (Reuters) - A tent city in the west Texas desert set up to hold immigrant children has expanded its capacity by nearly 10 times to 3,800 beds since it opened in June, officials said on Friday. The facility in the border city of Tornillo sprang up with 400 beds when the Trump administration…
Media playback is unsupported on your device Media captionAerial footage shows the destruction in Mexico Beach, Florida Hurricane Michael has landed on a Florida beach town like the "mother of all bombs", almost wiping it off the map, officials say.The storm smashed into the state's north-west coast near Mexico Beach on Wednesday with 155mph (250km/h)…
IT HAS been over a week since Jamal Khashoggi, a prominent Saudi journalist and government critic (pictured), walked into the Saudi consulate in Istanbul to get paperwork for a marriage. No one has seen him since. Turkish officials say that he was killed by a team of Saudi assassins, who dismembered his body, on orders…
Brendan McDermid/Reuters Stocks staged a recovery early on Friday following tame inflation data. The Dow Jones industrial average fell more than a thousand points between Tuesday and Thursday. Watch US indexes trade in real time here. Following the worst couple of days on Wall Street since February, stocks staged a recovery on Friday amid signs…
Billionaires have won big in the long-running bull market that may be teetering on the edge of ending. But they’re also set to lose big. Over the past week, the world’s wealthiest have collectively dropped about $50 billion in estimated net worth. What’s $50 billion among the world’s uber-rich? Enough to leave a mark, that’s…
JUST a year ago the world was enjoying a synchronised economic acceleration. In 2017 growth rose in every big advanced economy except Britain, and in most emerging ones. Global trade was surging and America booming; China’s slide into deflation had been quelled; even the euro zone was thriving. In 2018 the story is very different.…
ON THE campaign trail, Imran Khan, Pakistan’s new prime minister, presented himself as the man to break the country’s addiction to hand-outs from the West. Whereas previous governments used to go begging to the IMF for funds, he said, his Pakistan Movement for Justice (PTI) would focus instead on recouping billions of dollars hidden from…
