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AP Analysis: Saudi Shakeup, Qatar Crisis Show a Gulf on Edge

June 22, 2017

DUBAI, United Arab Emirates — There was a time when the mention of the Persian Gulf brought to mind images of pampered societies ruled by aging monarchs content to preside quietly over their oil money and fantastical skyscrapers while the U.S. kept the peace. Not anymore. A sudden royal shake-up [...]

Uber CEO Travis Kalanick resigns

June 21, 2017

SAN FRANCISCO — Travis Kalanick has resigned as CEO of Uber, the ride-hailing company he helped found. Kalanick stepped down late on Monday Pacific time, after receiving a letter from some of the largest investors in the company. The letter, titled “Moving Uber Forward,” asked that [...]

Qatar Airways wins ‘Airline of the Year’ award 2017

June 20, 2017

PARIS (CNNMoney) – For Qatar Airways, it was the best of times and it was the worst of times. During a glitzy awards ceremony Tuesday at the Paris Air Show, Qatar Airways was named “Airline of the Year” by the international air transport ratings group, Skytrax. The award comes as [...]

Barclays Four Former Top Executives Charged With Fraud Over Fundraising With Qatari Investors

June 20, 2017

Bank, ex-chief executive and three others accused, marking first time any top bankers have faced charges over financial crisis The Serious Fraud Office has charged Barclays, its former chief executive and three other former top executives with fraud over the way it raised billions of pounds from [...]

Qatar Airways CEO Warns of ‘Lasting Wound’

June 20, 2017

The CEO of Qatar Airways says the blockade imposed on his country by its Gulf neighbors “will leave a lasting wound.”. PARIS (AP) — The CEO of Qatar Airways said Monday that the blockade imposed on his country by Gulf neighbors “will leave a lasting wound” and that he [...]

No negotiation until sanctions dropped, says Qatari foreign minister

June 20, 2017

Qatar will not negotiate with Gulf states that have cut economic and travel ties with it unless they reverse their sanctions, its foreign minister has said. Sheikh Mohammed bin Abdulrahman al-Thani said on Monday that Qatar had still not received any demands from Saudi Arabia, the United Arab [...]

Analysis: The New Assertive Generation of Gulf leaders at heart of Qatar rift

June 20, 2017

(Reuters-) Two years after launching headfirst into a conflict in Yemen that has no end in sight, Saudi Arabia and the United Arab Emirates have astonished the world again, this time with a severe boycott of neighboring Qatar. Like the Yemen war, which has killed more than 10,000 people, the rift [...]

US destroyer, container vessel collide off Japan: Navy

June 16, 2017

Washington (AFP) – A US Navy destroyer and a Philippine-flagged container ship collided off the coast of Japan, causing an undetermined number of injuries, the US Navy reported Friday. The collision between the guided missile destroyer USS Fitzgerald and the ACX Crystal took place about 56 [...]

Airbus compensation hits Sri Lankan Airline as loss widens

June 16, 2017

(Reuters) – SriLankan Airlines on Friday said its losses more than doubled in the year ended March 2017, hit by high costs of cancelling leases on Airbus aircraft and partial closure of the country’s main airport. The state-owned national carrier, which is looking for an international [...]

Qatar signs $12 billion deal to buy F-15 jets from US

June 15, 2017

Qatar’s Ministry of Defense said on Wednesday the country signed a deal to buy F-15 fighter jets from the United States for $12 billion. The deal was completed despite the Gulf country being criticized recently by U.S. President Donald Trump for supporting terrorism. “Secretary of [...]