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Banks planning for possible EU exit stymied by lack of European office space


A shortage of prime office space in rival European financial centres may torpedo plans by some of London’s banks to quit UK capital if Britain opts out of EU


Texas flooding like ’a tsunami’, says governor

This satellite photo from May 25 2015 shows a weather system stretching from northern Mexico to Oklahomain the US. The tornado came as ferocious weather battered swathes of Mexico and the southern United States, where rescuers hunted for 12 people missing in flash floods across Texas and Oklahoma that left three people dead. Picture: AFP PHOTO/HANDOUT/NASA

Texas Governor Greg Abbott declares states of disaster in 24 counties as dam in state park gives way after flash flooding that has claimed at least three lives


Greece ‘is committed to liberalising its economy’

Yanis Varoufakis. Picture: EPA/VALDA KALNINA

Finance Minister Yanis Varoufakis says country cannot adopt further austerity measures as this will cripple its ability to carry out needed economic reforms


LETTER FROM LONDON: Brexit could mean SA-Commonwealth renewal

While the Commonwealth is neither as sexy as Brics nor as important as the AU, membership might yet prove to be a privilege


Business gets into gear on climate action

Businesses at the Business and Climate Summit will have the opportunity to demonstrate their commitment to preserving our planet, write Laurent Fabius and Christiana Figueres


NEWS ANALYSIS: Portugal losing its appetite for reform


Portugal’s enthusiasm for change has waned as Europe loses its appetite for further belt-tightening, write John O’Donnell and Axel Bugge


Alert to US graduates over robots eyeing jobs

Japan's electronic parts maker Murata Manufacturing unveils 10 small robots for cheerleading, known as the Murata Cheerleaders,  at a media preview in Tokyo on Thursday. Picture: AFP

Experts warn graduates to avoid ‘the boring stuff’ — jobs robots are likely to do faster, better and cheaper in the near future


Swiss watchdog acts on poaching of staff


In the field of financial supervision, Switzerland has — like most countries — a revolving-door problem

International companies


Charter close to deal to acquire Time Warner Cable

A man walks past the Time Warner Cable headquarters in New York.   Picture: REUTERS

Deal could create major rival to Comcast, marks triumph for Charter Communications, which was rejected by Time Warner Cable last year


Australian brewer finds joy in solid gold


Doray Minerals MD fears the mining firm may be in the sights of rivals, writes David Stringer


Rio targets $6bn for Oyu Tolgoi mine

Heavy machinery operate inside an open pit at the Oyu Tolgoi copper-gold mine, jointly owned by Rio Tinto's Turquoise Hill Resources unit and state-owned Erdenes Oyu Tolgoi, in the Gobi desert, Mongolia. File picture: BLOOMBERG/BRENT LEWIN

Rio Tinto Group prepares a war chest to develop one of the world’s largest untapped deposits of copper and gold

Picture: REUTERS

Watchdogs snapping at Facebook’s heels

Move over Google, Facebook is the latest US tech company Europeans love to hate


Vodafone India said to be weighing IPO as share hits 14-year high

STRATEGY: Pedestrians walk past a vegetable vendor sitting in front of a closed store displaying the Vodafone logo in Mumbai, India. Picture: BLOOMBERG

Indian business is wireless carrier Vodafone Group’s biggest unit by customers


Irish trade mission coming to SA

Fred Klinkenberg. Picture: FREDDY MAVUNDA

Irish Minister for Foreign Affairs and Trade Charles Flanagan to lead four-day Irish trade mission to South Africa this week


Greek finance minister admits recording meeting

Greek Finance Minister Yanis Varoufakis delivers a speech during The Economist conference on

Yanis Varoufakis admits he recorded reportedly stormy meeting in Latvia with European counterparts, a precaution he often takes


Spain’s ruling party endures battering in local and regional elections

Spanish Prime Minister Mariano Rajoy. Picture: REUTERS

Spain’s ruling People’s Party takes battering in regional and local elections after four years of severe spending cuts and string of corruption scandals

Middle East

Iraq and US trade blame over loss of key centres to Islamic State forces

Iraqi fighters from the Shiite popular mobilisation unit hold position on the outskirts of Baiji refinery north of Tikrit during a joint operation with the Iraqi army to try to retake the oil refinery, burning in the background, from Islamic State jihadists, on Monday. Picture: AFP PHOTO/AHMAD AL-RUBAYE

Senior Iranian general involved in the fight against IS hits out at Washington, saying it withheld help from Iraqi forces in Ramadi despite its military presence there

Middle East

Fierce fighting in Yemen as peace hopes fade

Soldiers loyal to Yemen's President Abd-Rabbu Mansour Hadi ride at the back of a pick-up truck during a parade in Yemen's northern province of Marib on Monday. Picture: REUTERS

Rebel forces and loyalist fighters are locked in fierce fighting in Yemen as hopes of political solution fade after United Nations postpones peace talks


Ireland backs gay marriage in historic vote, ministers say

A couple watch the count at a count centre in Dublin following the vote on same-sex marriage in Ireland on Saturday. Picture: AFP PHOTO/PAUL FAITH

This marks a dramatic social shift in the traditionally Catholic country


Cleveland protests erupt after officer found not guilty in fatal shooting of two unarmed suspects

People block E 4th street and protest on Saturday in reaction to Cleveland police officer Michael Brelo being acquitted of manslaughter charges after he shot two people at the end of a 2012 car chase in which officers fired 137 shots. Picture: AFP/RICKY RHODES

Judge John O’Donnell says officer Michael Brelo acted reasonably in shooting the two suspects while standing on the hood of their surrounded car and firing multiple rounds through the windshield


Close Polish presidential race spells trouble for ruling party

Poland's President and presidential candidate from the Civic Platform Party Bronislaw Komorowski casts his ballot next to his wife Anna at a polling station in Warsaw, Poland on Sunday. Picture: REUTERS

Despite unprecedented prosperity, many Poles feel the fruits of their labour have been unfairly spread — resulting in increased inequality and discontent


Mathematician John Nash who inspired 'A Beautiful Mind' killed in car accident

An archive picture made available on Sunday of Nobel Prize Laureate, US mathematician John Nash, taken at the Abel Prize ceremony in Oslo, Norway, May 19. Picture: EPA/HAAKON MOSVOLD LARSEN

Nobel prize winner John Nash killed along with wife in New Jersey


Dutch government ‘to push ABN AMRO listing’

Eurogroup president and Dutch Finance Minister Jeroen Dijsselbloem gives a press conference after finance ministers met at the European Council in Brussels on Monday.  Picture: AFP PHOTO/EMMANUEL DUNAND

Dutch Finance Minister Jeroen Dijsselbloem’s plan expected on Friday for possibly the country’s biggest IPO


Draghi urges eurozone to unite for economic reform


European Central Bank president Mario Draghi says sharing sovereignty was an opportunity and not a threat


UK banks face further fines


Barclays and Royal Bank of Scotland face up to £7bn in additional fines for misconduct within two years


New Agoa deal expects more of SA but offers less, says Davies

Trade and Industry Minister Rob Davies launches the Buy SA Back campaign to increase South African exports to the rest of the continent, in Sandton on Tuesday. Picture: PUXLEY MAKGATHO

Trade and Industry Minister Rob Davies for the first time shows his disillusionment over African Growth and Opportunities Act concessions


Chinese factory activity slows for third month

Workers produce clothes in a factory in Huaibei, in China’s Anhui province, this week. The latest purchasing managers’ index, released on Thursday, presents a mixed picture. Amid general weakness, domestic demand may be showing signs of stabilising. Picture: AFP PHOTO

Latest HSBC PMI data reinforces analysts’ views that Beijing has to take bolder steps to combat a protracted slowdown


Officials resume talks to overcome US-Cuba barriers

Fourth round of talks between former adversaries focuses on diplomats’ safety and suspected training of Havana rebels by US


Merkel ready with carrot and stick for EU summit in Riga

German Chancellor Angela Merkel at a cabinet meeting in Berlin on Wednesday. On Thursday she told the German parliament that Russia had to mend its ways. File picture: AFP PHOTO/JOHN MACDOUGALL

German Chancellor Angela Merkel makes clear Russia has no reason to fear closer ties between the 28-nation bloc and six of its Soviet-era satellites.


Australia rejects criticism over migrant crisis

Maltese marines toss bottles of water to a group of immigrants whose vessel suffered engine trouble about 30km southwest of Malta. File picture:REUTERS

Australia hits back at criticism of its response to thousands of migrants stranded at sea in Southeast Asia, saying it’s generous towards refugees in region


ECB’s Draghi urges Europe to reform to brighten dim prospects


ECB president calls on eurozone economies to reform , warns of modest future growth in face of entrenched unemployment and low investment


Conservatives should learn from Greece over Brexit

 David Cameron. Picture: AFP PHOTO/LEON NEAL

Newly re-elected British Prime Minister David Cameron must fudge to avoid the fate of Syriza

Fifa chief Sepp Blatter plays soccer with Palestinian children during a visit to the West Bank city of Ramallah last week. He also visited Israel on what he called a ‘mission of peace’. Picture: REUTERS/MOHAMAD TOROKMAN

Soccer becomes Palestinians’ new political weapon

Proposal put forward to suspend Israel from Fifa at the world governing body’s annual congress in Zurich on Friday


G-7 to weigh Grexit and US growth

Picture: REUTERS

Group of Seven finance ministers meet in Germany this week against backdrop of faltering global growth, scant inflationary pressures and a bond market in turmoil

Middle East

Iraq regains ground from Islamic State

Iraqi families, who fled the city of Ramadi after it was seized by Islamic State group militants, wait to cross Bzeibez bridge, on the southwestern frontier of Baghdad on Friday. Picture: AFP PHOTO/AHMAD AL-RUBAYE

While in Syria the government says the Islamists have killed hundreds of people since capturing the town of Palmyra


US Senate votes to grant Obama fast-track power on trade deals

Barack Obama. Picture: REUTERS / LARRY DOWNING

Vote will help wrap up negotiations on a 12-nation Pacific Rim trade deal central to projecting American influence in Asia


UK shows how we can iron out crumples in service

An ironing board issue at London’s Tower Bridge brings some perspective on a lot of broader issues that SA perhaps need to iron out as a country


Billionaires, icons and movie stars — why geek is now chic

Bill Gates. Picture: BLOOMBERG

The unstoppable rise of the geek over the past few years has resulted in a significant change to their status in popular society, writes Gary Newe


Mexico gunfight kills 43 as government targets gang

Members of the Mexican Army leave the ranch where gunmen took cover during an intense gun battle with the police, along the Jalisco-Michoacan highway in Vista Hermosa, Michoacan State, on Friday. Picture: AFP PHOTO/HECTOR GUERRERO

This is one of the bloodiest shootouts in a decade of gang violence wracking the country

Middle East

Treasures of Palmyra under threat as Islamic State arrive

A file picture shows a partial view of the ancient oasis city of Palmyra, 215 kilometres northeast of Damascus. Picture: AFP

Syrian officials, preservationists express grave concern about protecting temples, artefacts already eroded by years of war as militants advance


Brazil’s heroes teeter under probe

 Joao Vaccari, treasurer of Brazil's ruling Workers' Party, is escorted by police as he arrives to a legal medical institute in Curitiba April 15, 2015. Brazilian police on Wednesday arrested Vaccari, moving an investigation of graft and political kickbacks at state-run oil company Petrobras closer to President Dilma Rousseff's inner circle. Picture: REUTERS/RODOLFO BUHRER

Ruling Workers Party loses ground among voters, writes Joe Leahy


Finland adopts e-health platform


Self Care digital platform streamlines contact and information exchange between doctors and patients, writes Carol Matlack

Middle East

Documents shed new light on the mindset of Bin Laden

Osama bin Laden, left, and his former deputy Ayman al-Zawahiri. File picture: REUTERS

Declassified documents shed new light on al-Qaeda founder’s debates over tactics, his anxiety over western spying and his fixation with the group’s image


Criminal cases roil US food industry

Supermarket retail. Picture: THINKSTOCK

ConAgra Foods criminal case spotlights how stepped-up enforcement of food-safety laws is shaking up industry


Gay marriage vote marks a quiet revolution in Ireland

Belfast, Ireland XXX.  Picture: THINKSTOCK

The last country in Western Europe to decriminalise homosexuality now looks set to become the first in the world to approve same-sex marriage


Macau gambles on hotel rooms driving recovery

Galaxy Entertainment Group chairman Lui Che-Woo, right, and his son, vice-chairman Francis Lui, are betting on a Broadway theme and high-class entertainment to attract high rollers to their revamped casino. Picture: REUTERS

Casino operators are building new resorts to lure Chinese gamblers, write Stephanie Wong and Christopher Palmeri


Greece cannot make June IMF payment without deal, says legislator

A Greek flag flutters between Saint George's bell tower and an olive tree atop the Lycabettus hill in Athens, Greece.  Picture: REUTERS

Greece will not be able to make payment to International Monetary Fund that falls due on June 5 without deal with international lenders

Middle East

Iran aid ship to dock in Yemen, defying US warnings

Followers of the Houthi movement raise their rifles as they shout slogans against the Saudi-led air strikes in Sanaa, Yemen, on Friday.  Picture: REUTERS

Iranian aid ship bound for Yemen in defiance of US warnings has entered the Gulf of Aden and is expected to reach port on Thursday, media reports


Lawsuits will not help brands fight counterfeiting, says Alibaba

Alibaba.com's head office in Hangzhou, Zhejiang Province, China. Picture: BLOOMBERG

When it comes to fighting fakes, Alibaba’s head of internet security says co-operation beats the courtroom any day


Pope creates first Palestinian saints

A Palestinian holds rosary beads during a canonisation ceremony for new saints led by Pope Francis in St Peter's Square, Vatican City, May 17 2015. Picture: EPA/ANGELO CARCONI

Two nuns become first Palestinians to gain sainthood during an open-air mass celebrated by Pope Francis in St Peter’s Square

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