By Lewis Krauskopf | NEW YORK NEW YORK U.S. President Donald Trump’s planned economic agenda has fanned the flames for Wall Street’s record-setting run, but some investors worry that his first major address to Congress next week risks dousing it if his plans look slow to execute or are overly vague. The benchmark S&P 500 .SPX has surged 10 percent since Trump’s Nov. 8 election, with optimism […]
Eat the World DXB is in full swing this weekend, with 25 international street-food traders from the United Kingdom, the United States and Singapore serving up street food with vendors from the UAE (each street food trader is cleverly marked by its country’s flag). Held in Burj Park with a close-up view of the Burj Khalifa, the festival has plenty of food on offer, a host of […]
By Frank Jack Daniel | MEXICO CITY MEXICO CITY An emboldened Mexico hardened its opposition to President Donald Trump on Friday by saying it would retaliate if the United States imposed a border tax and that it can afford to lose financial aid that might be pulled to pay for a border wall. Foreign Minister Luis Videgaray said Mexico could respond to any tax the United States […]
By Arshad Mohammed | WASHINGTON WASHINGTON The longest-serving U.S. diplomat warned against isolationism, protectionism and Russian aggression on Friday in a retirement speech implicitly criticizing some of U.S. President Donald Trump’s policies even as he urged officials to serve the White House loyally. Ambassador Dan Fried argued that since becoming a world power over a century ago, the United States had largely pursued an open, rules-based world, […]
Dubai’s Department of Economic Development (DED) received 27,027 consumer complaints in 2016, an increase of 23 percent compared to the previous year. On average, the DED received 2,252 complaints monthly as continued awareness campaigns led to better understanding of consumer rights and responsibilities across the emirate, state news agency WAM reported. The complaints received in 2016 involved non-compliance with warranty terms (39 percent of complaints), refunds (17 […]
About a month ago, Starbucks CEO Howard Schultz decided to ‘take a stand’ in defiance of Trump’s immigration executive order and penned a message to the world vowing, among other things, to hire 10,000 refugees over the next 5 years and “build bridges, not walls, with Mexico”. Here are some excerpts from the politically charged message drafted by Schultz with “deep concern and a heavy heart”: I […]
The Dow was on track to break its 10-day record-setting streak on Friday, as investors turned cautious after recent comments from Trump administration suggested that pro-growth policies may take longer to be implemented. Wall Street is trading at record levels since the election of Donald Trump as U.S. president, spurred by his promises of tax reforms, reduced regulations and increased infrastructure spending. However, with Trump giving scant […]
Primary dealers have warned of obstacles to the US Treasury introducing very long-dated bonds, despite some early support for the plans. This week Steven Mnuchin, Treasury secretary, said his staff had begun to look into issuing US government debt with maturities of as long as 50 or 100 years. Such a move would be a historic shift in policy for the $14tn Treasury market, which has resisted […]
By Emily Stephenson and Steve Holland | NATIONAL HARBOR, Md./WASHINGTON NATIONAL HARBOR, Md./WASHINGTON President Donald Trump said he would make a massive budget request for one of the “greatest military buildups in American history” on Friday in a feisty, campaign-style speech extolling robust nationalism to eager conservative activists. Trump used remarks to the Conservative Political Action Conference (CPAC), an organization that gave him one of his first […]
Stock photo SoftBank, Sprint, and TBCASoft have revealed plans to create new solutions which introduce blockchain technology into the telecommunications industry. On Friday, the companies announced their intentions to “aim” for a technology partnership which will jointly develop blockchain technology for telecommunication carriers. In a press release, the firms explained that the heart of the research and development of a new blockchain solution relies on TBCASoft, which […]
Alphabet contends that a manager at its autonomous car subsidiary Waymo took technical data with him when he left to launch a competing venture that went on to become Otto, Uber’s self-driving vehicle unit The race to develop self-driving vehicles took a new turn on Thursday when Google’s parent company Alphabet filed a lawsuit against Uber, accusing it of stealing technology. Alphabet contends that a manager at […]
TOKYO Asian shares took a breather on Friday, slipping from 1-1/2-year highs as material shares were hit by sudden falls in copper and other commodity prices while investors assessed Washington’s stance on tax and currency policies. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.5 percent, giving back part of this week’s gains, though it is likely to log its fifth straight weekly advance. […]
Since its launch in 2010, Pinterest has established itself as one of the most popular image and idea curation sites, with an incredible 100 million monthly active users. There are plenty of other social-media sites, but for design lovers, Pinterest is still the ultimate source of inspiration, with everything from room makeovers to colour palettes, creative projects and insider tips. Here’s a rundown of some of our […]
Should we try to time the market? And has the boom in passive investments brought any problems in its wake? The problems are linked and urgent. The move from traditional actively managed funds to passive indexed funds, which aim merely to track and index and reduce costs, continues to intensify. Meanwhile, if ever there was a point when it might seem right to time the market, and […]
So much for sticking “nuclear weapons” in carriers’ dumb pipes. Shine, last year’s enfant terrible of mobile ad blocking is pivoting (again!) — in both tone of voice and business model. It’s also rebranding to, er, Rainbow. So, to keep tabs, since 2011 this Disrupt startup battlefield alum has moved from trying to sell mobile antivirus (Shine Security), to threatening network-level mobile ad blocking (Shine Technologies), to — its latest pivot — […]
Senator Leila de Lima insisted she was innocent of the drug trafficking charges that could see her jailed for life. The highest-profile critic of Philippine President Rodrigo Duterte’s brutal drug war was arrested on Friday on charges supporters said were meant to silence her, but she vowed to keep campaigning against killings and “repression”. In comments to journalists moments before police detained her following an […]
By Alexandra Alper and Noe Torres | MEXICO CITY MEXICO CITY Mexico on Thursday expressed “worry and irritation” about U.S. policies to two of President Donald Trump’s top envoys, giving a chilly reply to the new administration’s hard line on immigration, trade and security. Comments by Trump about a “military operation” to deport criminals added to the tense atmosphere, and prompted a clarification from Homeland Security chief […]
US and European authorities eased enforcement of new derivatives rules on Thursday less than a week before the standards come into effect, allowing small financial institutions more time to prepare for the wide-ranging reforms. In a series of statements hours apart, supervisory watchdogs bowed to growing concerns of a potential dislocation in the swaps market and hundreds of unprepared pension funds, asset managers and credit institutions likely […]
By James Pearson and Jack Kim | SEOUL SEOUL The bizarre assassination of North Korean leader Kim Jong Un’s estranged half-brother marks a departure from the isolated country’s repertoire of overseas operations, according to experts on its opaque ruling structures. Kim Jong Nam died last week after being assaulted at the airport in the Malaysian capital with what police believe was a fast-acting poison. The two women […]
SYDNEY Indonesia President Joko Widodo will discuss the prospect of joint patrols with Australia in the South China Sea when he meets his counterpart Prime Minister Malcolm Turnbull at the weekend. Widodo told The Australian newspaper he would like to see joint patrols with Australia, but only if did not further inflame tensions with China. “If there is no tension I think it’s very important to have […]
Rex Tillerson, US secretary of state, struck a conciliatory tone during a visit to Mexico, saying the neighbouring countries had an opportunity to upgrade their economic relationship. After meeting Mexican officials during his second mission as the top US diplomat, Mr Tillerson said the countries had agreed to “seize the opportunity to modernise and strengthen our trade and energy relationship”. His remarks came just after President Donald […]
There was so much weaponry inside that visitors got searched not just on the way in, but also on the way out. Continue reading the main story The exhibition served to promote Abu Dhabi, the capital of the United Arab Emirates, which has distinguished itself as a regional hub for international business at a time when wars and uprisings have upended other Arab states. It also provided […]
By David Shepardson and Ginger Gibson | WASHINGTON WASHINGTON President Donald Trump told about two dozen chief executives of major U.S. companies on Thursday he plans to bring millions of jobs back to the United States, but offered no specific plan on how to reverse a decades-long decline in factory jobs. In his first month in office, Trump has pressured a number of U.S. companies to hire […]
In this May 26, 2015 file photo, an iPhone is connected to a 2016 Chevrolet Malibu equipped with Apple CarPlay apps, displayed on the car’s MyLink screen, top, during a demonstration in Detroit. The rapidly evolving in-car infotainment and navigation systems can be bewildering for all but the most tech-savvy car buyers. The average vehicle on U.S. roads is 11 years old; that means many people last […]
