General Motor’s (GM’s) European car brand Opel will soon come under the PSA Group. The French automaker is quite close to completing a deal with Detroit-based car maker GM on Monday, March 6. GM it seems is finally dumping its European car business which was long standing and losing out money making its car business unprofitable. The acquisition was made in order to give a boost to GM’s […]
KARACHI: The Panama Papers — a huge leak of documents detailing the alleged secret offshore holdings of global elite — were released in April 2016. The leak made headlines all-over the world, but its impact was probably most keenly felt in Iceland. Just two days after the leak appeared, Iceland’s prime minister had to resign from his office over protests by the people. Thousands of people had […]
The biggest issue facing the world of social media influencers is transparency. Should the person with 100,000 followers on Instagram (or 5.4 million followers as the keynote speaker, Joelle Mardinian, can boast) announce that she is being paid to promote a product? The inevitable tangents to the four hours of conversations tried to answer the question: what constitutes an influencer (or a content generator as one panellist […]
WASHINGTON President Donald Trump’s Treasury Secretary Steven Mnuchin used his first senior staff meeting last month to tell his new aides he would not tolerate leaks to the news media, three sources familiar with the matter said. Current and former officials said that in a departure from past practice, access to a classified computer system at the White House has been tightened by political appointees to prevent […]
Johnson & Johnson said on Friday that a state court jury in Missouri had returned a verdict in its favor in the latest trial to arise out of thousands of lawsuits alleging the company’s talc-based products can increase the risk of ovarian cancer. The jury sided with Johnson & Johnson and talc supplier Imerys Talc in a lawsuit by Tennessee resident Nora Daniels, who alleged that she […]
By Julia Edwards Ainsley | WASHINGTON WASHINGTON Women and children crossing together illegally into the United States could be separated by U.S. authorities under a proposal being considered by the Department of Homeland Security, according to three government officials. Part of the reason for the proposal is to deter mothers from migrating to the United States with their children, said the officials, who have been briefed on […]
In the first stage of the Trump Rally (from the election to year-end), investors appeared to hedge as the market rallied. However, since the start of the new year, Goldman Sachs’ proprietary macro hedging indicator has traded along with equities, suggesting that investors are buying stocks and discarding protection. As Goldman’s John Marshall and Katherine Fogertey explain, the Trump rally has changed the market – Investors Stopped […]
The heads of the London Stock Exchange Group and Deutsche Börse went to Brussels at the start of February on the verge of clearing a major obstacle for their historic €29bn merger. Xavier Rolet and Carsten Kengeter thought EU regulators were set to bless the deal they had been working on for more than a year. But midway through the meeting, Mr Kengeter stepped out to take an emergency […]
NEW YORK/SAN FRANCISCO Institutional investors anxious not to be left out of this year’s marquee initial public offering helped Snap Inc (SNAP.N) pull off the biggest U.S.-listed technology share sale this week since Chinese e-commerce juggernaut Alibaba Group Holding Inc (BABA.N) smashed records in 2014. Keen to boost returns and with a dearth of new stocks to buy, the IPO of a buzzy social media group was […]
April 3, 2016 Panama Papers leaked; Sharif family under spotlight The International Consortium of Investigative Journalists made nearly 11.5 million secret documents public. The documents contained confidential attorney-client information for more than 214,488 offshore entities, with the source of these leaks being a Panamanian financial law firm, Mossack Fonseca. Eight offshore companies were reported to have links with the family of Prime Minister Nawaz Sharif and his […]
By Praveen Menon and Angie Teo | KUALA LUMPUR KUALA LUMPUR Malaysia condemned the use of VX, the super toxic nerve agent that killed the estranged half-brother of North Korean leader Kim Jong Un in a Kuala Lumpur airport last month, as authorities on Friday prepared to deport a North Korean suspect. Kim Jong Nam was murdered on Feb. 13 at Kuala Lumpur International Airport, where he […]
People take part in a protest against corruption in Lima, Peru after a scandal involving bribes Brazil’s Odebrecht distributed in Peru, February 16, 2017 (Guadalupe Pardo/Reuters). A wave of corruption scandals has roiled Latin America in recent years, from Chile’s campaign finance affairs, through Mexico’s Casa Blanca revelations. Most recently, the information divulged in the December Odebrecht settlement has sent a shudder of fear across regional politics […]
By David Shepardson | WASHINGTON WASHINGTON The U.S. Transportation Department on Thursday proposed awarding 24 slot pairs at Mexico City’s Benito Juarez International Airport to Alaska Airlines, JetBlue Airways Corp (JBLU.O), Southwest Airlines Co (LUV.N), Volaris and Grupo Viva Aerobus SAB de CV. The tentative Mexico City allocations will result in new or additional low-fare service to 15 U.S. cities, including Chicago O’Hare, Denver, Houston Hobby, Los […]
Interested in precious metals investing or storage? Contact us HERE Written by Peter Diekmeyer (CLICK HERE FOR ORIGINAL) Gold prices have surged (+8.57% EOD Wednesday) since January. However, one expert says that trend could continue. “Shrinking exploration budgets, a dearth of new high-quality deposits and the “fear trade” will provide continuing upside pressure as the year unfolds,” says Brent Cook, editor […]
Uber is now in the process of getting a permit from the California DMV to resume testing its self-driving vehicles on public state roads. Uber started testing its self-driving Volvo XC90 SUVs in San Francisco last year – but the state DMV ultimately opposed the tests since Uber had not applied for its autonomous testing permit prior to beginning service. While Uber took its test fleet of XC90s […]
A new study reveals that melanoma survivors should avoid sun exposures as it may lead to the recurrence of the disease. However, it was found that survivors who should be avoiding sunlight tend to seek suntans and get sunburnt. It is believed that for most of the melanoma survivors, an early-stage diagnosis is moderately a minor experience. However, the illness is quite serious, as they reportedly have […]
All branches of the Armed Forces participated, including the Quick Reaction Force of the Presidential Guard, supported by the UAE Joint Aviation Command, the Navy, the Air Force, Air Defence and the Army. Antonie Robertson / The National The event was attended by Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and sheikhs, military commanders and officials. Ryan […]
Beginning today, rank-and-file journalists at NPR are responsible for making sure appropriate financial disclosures are made in their stories — and they have the information to make that happen. Until now, the responsibility to disclose who funds NPR’s journalism was left to senior supervising producers. But in response to conflict-of-interest questions raised by NPR’s coverage of the Iran deal (a review found no journalistic impropriety), the public radio […]
Pre-orders, the video game industry’s nasty push to coax you into exchanging money for products before they’re released, are awful offerings. Busted launches, abusive DRM, and general industry shenanigans have made it a foolish endeavor to give publishers money before hardware or software is thoroughly analyzed by journalists, influencers, or hardcore fan communities. Yet, I pre-ordered a Nintendo Switch without hesitation. I recognize my hypocrisy […]
Cars are on their way to becoming ‘mobile phones on wheels’ The car of the future will let you pay for petrol or parking directly from your vehicle and receive traffic alerts and restaurant recommendations from your onboard digital assistant. Connected cars—or “mobile phones on wheels”—will be able to do those things and more, including communicate with each other on the road and with the infrastructure around […]
The founders of Mossack Fonseca, the law firm at the centre of the Panama Papers scandal, were arrested in Panama City on Thursday as the country’s attorney general launched a probe into their alleged connections with Brazil’s sprawling Lava Jato corruption scandal. Juergen Mossack and his colleague Ramon Fonseca, a former adviser to Panama’s president Juan Carlos Varela, were taken into custody and transferred to police cells […]
BERLIN Continental (CONG.DE) expects a possible tie-up between PSA Peugeot Citroen (PEUP.PA) and General Motors’ (GM.N) Opel division would boost its business, its chief executive said. “Opportunities emerge because platforms will be standardized and higher and more interesting volumes will arise” for suppliers, CEO Elmar Degenhart said during a conference call after the automotive supplier published results on Thursday. Separately, Continental said it planned to raise prices […]
By Christian Shepherd | BEIJING BEIJING Chinese state media said on Thursday that a prominent Chinese rights activist had made up “fake news” of torture to grab international headlines, but his defenders said the accusations were a coordinated attempt to smear his name. State media said disbarred lawyer Jiang Tianyong, 46, was behind news reports of police torturing another detained rights activist, Xie Yang, and that Jiang […]
In 2011, the Kabul foreign press corps numbered 85, by the reckoning of Dominic Medley, who has worked here for many years as a press officer for NATO, the American military and the United Nations. The American military was surging, reaching more than 100,000 troops by 2012. The press surged as well, with regular visitors in addition to the resident press corps, plus dozens of reporters going […]
