Around the Globe

Around the Globe

Putin critic Navalny clears first hurdle in bid for Russia presidency

Russian opposition leader Alexei Navalny on Sunday cleared the first hurdle towards taking part in next year’s presidential election, even though the central election commission has previously ruled him ineligible to run. Vavalny, 41, is a fierce opponent of President Vladimir Putin, who is widely expected to win re-election in March, extending 17 years in power.

The central election co­mmission has previously ru­led Navalny ineligible to run for president due to a criminal conviction that is largely viewed as retribution.

E-comm market may cross $50b in 2018

The digital commerce market in the country is expected to cross $50 billion in value by the end of 2018 from the current level of $38.5 billion, on the back of a growing internet population and increased online shoppers, says a recent study. The digital commerce market in India has grown steadily from $19.7 billion in 2015 to $13.6 billion in 2014, as per a joint study conducted by Assocham and Deloitte.

White House Takes Victory Lap After Tax Bill Passage

President Donald Trump declared that Republicans had passed the largest tax cut in US history and said corporations would no longer relocate their headquarters overseas after the House sent the legislation to his desk on Wednesday.

“It hasn’t been done in 34 years, but actually hasn’t been done, because we broke every record,” Trump said at a White House event to celebrate the Republican tax overhaul. “We’re not going to lose our companies any more. They’re going to stay in our country.”

Brexit offer to EU citizens leaves many cold

Estelle Shirbon Reuters Back from Brussels with a hard-fought Brexit deal, Prime Minister Theresa May wrote an open letter to the three million citizens of other European Union states living in Britain. “I know our country would be poorer if you left and I want you to stay,” she wrote after striking the initial agreement, which promises to secure their British residency rights after Brexit and allows the negotiations to move onto trade relations.

US blames North Korea for ‘WannaCry’ cyber attack

The Trump administration has publicly blamed North Korea for unleashing the so-called WannaCry cyber attack that crippled hospitals, banks and other companies across the globe earlier this year.

“The attack was widespread and cost billions, and North Korea is directly responsible,” Tom Bossert, homeland security adviser to President Donald Trump, wrote in a piece published on Monday night in the Wall Street Journal.

Trump’s rivalry with China overlooks US economic reliance

President Donald Trump is breaking with recent US convention by portraying China as a rival that wants to undermine American prosperity. But it may take more than an aggressive tone to change the complex relationship between two economies that are joined at the hip.

US helped thwart major attack in St. Petersburg - US, Russia say

The United States provided intelligence to Russia that helped thwart a potentially deadly bomb attack in St. Petersburg, U.S. and Russian officials said, in a rare public show of cooperation despite deep strains between the two countries.

Russian President Vladimir Putin telephoned U.S. President Donald Trump on Sunday to thank him for the tip-off, which the Kremlin said helped prevent a militant bomb attack on a cathedral in the Russian city, as well as other sites.

Farewell to the 747, the plane that shrank the world

For a half-century, Boeing Co. mechanics in a sprawling factory north of Seattle, United States, have riveted together aluminum panels into the familiar hump-backed form of the 747 jumbo jet. Test pilots then put each new plane through its paces on an adjacent air strip before sending it off to roam the globe.

This airplane, more than any other, made long-range travel into a mass-market phenomenon. And on Monday, one of the jets born here is returning home.

May heads back to Brussels after Brexit defeat by her own party

UK Prime Minister Theresa May is headed to a European summit that was set to approve the breakthrough victory in Brexit talks she celebrated last week. Instead, she arrives after a serious defeat at the hands of her own party.

Lawmakers voted 309 to 305 on Wednesday evening to change her government’s planned legislation so that it guarantees they will get a “meaningful vote” on the final deal to leave the European Union at the end of negotiations in 2019. And rather than the Brexit hardliners who have so often undermined her, this time it was pro-Europeans who defected.

No evidence New York bomb suspect linked to Bangladesh militants: security chief

Bangladesh has found no evidence linking a Bangladeshi man charged with an attempted suicide bombing in New York with militants in Bangladesh, its counter-terrorism chief told Reuters on Wednesday.

US prosecutors on Tuesday brought federal charges against Akayed Ullah, a 27-year-old Bangladeshi and self-described supporter of Islamic State, accusing him of supporting a foreign terrorist organisation.