The slowdown in the UAE’s non-oil real GDP growth appears to have bottomed out and Dubai can expect a 2 percent Expo 2020 boost to its GDP, according to a new report by Bank of America Merrill Lynch. Its report said that the UAE has managed a soft landing, with a less pronounced cycle than in the global financial crisis in 2008. It noted that incremental government […]
Authored by Jim Quinn via The Burning Platform blog, In Part One of this article I detailed how propaganda has been utilized by the Deep State for decades to control the minds of the masses and allow those in control to reap the benefits of never ending war. In Part Two I will discuss recent events, false flags, and propaganda campaigns utilized by the Deep State to […]
Wells Fargo has warned its litigation bill could be $200m higher than previously thought as the US bank sheds new light on a series of lawsuits it is facing over the bogus account scandal. In a quarterly filing on Friday, Wells said “reasonably possible” losses from legal actions against it could exceed its existing provisions by $2bn — up from a $1.8bn figure it disclosed three months […]
Mr. Greenblatt got a very different message at an earlier dinner with two other prominent Palestinians, Salam Fayyad and Ziad Asali, and two American Jewish diplomats, Elliott Abrams and Dennis B. Ross. They all told him that a breakthrough was not realistic now, and that Mr. Trump would be better off pursuing incremental advances, like bettering the economic fortunes of the Palestinians. Continue reading the main story […]
By Isabel Coles | HULAYLA, Iraq HULAYLA, Iraq Iraqi forces pushed further into Mosul from the north on the second day of a new push to speed up the nearly seven-month attempt to dislodge Islamic State, commanders said on Friday. Islamic State tried to block the troops’ northerly advance into their de facto Iraqi capital with suicide car bombs and sniper fire, Brigadier General Walid Khalifa, deputy […]
LIMA Peru’s national prosecutors office said on Friday it has opened an investigation into allegations of “crimes against humanity” related to the military’s fight against leftist guerrillas in the 1990s, in a case involving former President Ollanta Humala. The investigation comes as testimony from two new witnesses suggests that soldiers under Humala’s command at the Madre Mia military base tortured and murdered civilians. Humala was an army […]
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. job growth rebounded sharply in April and the unemployment rate dropped to 4.4 percent, near a 10-year low, pointing to a tightening labor market that likely seals the case for an interest rate increase next month despite moderate wage growth. Nonfarm payrolls surged by 211,000 jobs last month after a paltry gain of 79,000 in March, the Labor Department said […]
Pakistan’s Supreme Court on Friday set up a high-level six-member Joint Investigation Team (JIT) to probe corruption charges levelled against Prime Minister Nawaz Sharif and his sons in the Panama Papers case. A three-member panel of judges reviewed the names submitted by various departments that had been ordered to do so by the apex court’s April 20 verdict in the case. The JIT is bound to complete […]
North America, the UK, Germany and Australia remain the top property investment destination for UAE residents, according to a YouGov survey conducted by IP Global, the property investment firm. The survey results showed that when it comes to investing in property abroad, the US and Canada are the most popular markets among UAE citizens. Chicago and Los Angeles were highlighted as popular investment destinations in the US. […]
After a busy week in the US, attention shifts to Europe with the second round of the French elections on Sunday. Here’s what to watch in the coming days. France Four separate polls give fervent EU supporter and political novice Emmanuel Macron a 24-point lead over Marine Le Pen, who has proposed pulling France out of the EU. Markets are also expecting a win for Mr Macron. […]
Donald Trump on Thursday confirmed his first foreign trip as president will include stops in Saudi Arabia, Israel and the Vatican. Trump will add the three stops to an already announced visit to NATO and G7 summits in Brussels and Sicily later this month. “My first foreign trip as president of the United States will be to Saudi Arabia, then Israel, and then to a place that […]
In this Tuesday, Oct. 4, 2016, file photo, Google Home, right, sits on display near a Pixel phone following a product event, in San Francisco. Voice assistants such as Google Home, Apple’s Siri and Amazon Alexa have always been susceptible to accidental hijack. Burger King’s manipulation of Google Home illustrates the vulnerabilities intrinsic to voice assistants that can be targeted by brands, or worse, hackers. But the […]
Barclays was under pressure on Friday after Goldman Sachs said the bank needed to prioritise rebuilding capital over shareholder returns. Regulatory hurdles have moved against cross-border banks such as Barclays, which will be hit disproportionately by regional ringfencing laws, said Goldman. Capital ringfences add to uncertainty around Barclays’ litigation costs, its pension deficit and the likely proceeds from the sale of its African bank, said the broker. […]
Authored by Mike Krieger via Liberty Blitzkrieg blog, Poverty demoralizes. A man in debt is so far a slave; and Wall-street thinks it easy for a millionaire to be a man of his word, a man of honor, but, that, in failing circumstances, no man can be relied on to keep his integrity. – Ralph Waldo Emerson, Wealth Liberty Blitzkrieg readers know that I’ve been extremely critical of […]
Gawd bless yer Mary Poppins. And gawd bless producer Sir Cameron Mackintosh for having the foresight more than 40 years ago to see that the 1964 film would make the perfect stage musical. Well, in the words of the super nanny herself: ‘practically perfect’. Thanks to that foresight, the theatre-lovers of the UAE have the opportunity until May 25 to enjoy this brilliant show being performed at […]
Credit: fdecomite More than 3 million people (three times previous estimates) are estimated to be actively using cryptocurrencies like bitcoin, finds the first global cryptocurrency benchmarking study by the Cambridge Centre for Alternative Finance. While many members of the general public may have heard of “bitcoin”, the first decentralised cryptocurrency launched in 2009, a new report from the Cambridge Centre for Alternative Finance (CCAF) paints a broader […]
ISLAMABAD: The Supreme Court’s special bench on Friday constituted the Joint Investigation Team to probe funds used by Prime Minister Nawaz Sharif’s children to buy properties in London through offshore businesses. Wajid Zia, an Additional Director at the Federal Investigation Agency (FIA), will head the six-member JIT. Other members of the investigation team include Brigadier Kamran Khurshid from the Military Intelligence (MI), Amer Aziz from the State […]
Authored by Mike Shedlock via MishTalk.com, Italy is increasingly dependent on the ECB to hold down bond yields as foreign investors dump Italian bonds like mad. Eurointelligence bills this as “Further Evidence of Capital Flight in Italy“. In a column earlier this week, Federico Fubini notes that, according to the Bank of International Settlements, in 2016 international banks reduced their exposure to Italy by 15%, or over $100bn, […]
The Australian dollar and Norwegian krone are vying for the ignominious title of worst-performing major currency today as commodity prices tumble. Following a stumble in oil prices in Asia on Friday that took Brent crude and West Texas Intermediate to their lowest since November, the krone (pictured above) suffered a sharp fall and surpassed the Aussie dollar as the worst among major currencies. The krone was down […]
“Something is off,” warns RBC’s head of cross-asset strategy Charlie McElligott in the introduction to his latest market noting that the swing in US fiscal policy optimism is coming at a critical time as the China’s liquidity tightening is spooking the reflation story. SUMMARY: Movement on US fiscal policy is currently driving US rates and equities higher, counteracting the tremendous negative implications of this ‘Chinese tightening / […]
By Saikat Chatterjee | HONG KONG HONG KONG Asian stocks declined for a third consecutive day on Friday as fresh falls in commodities raised concerns about the health of the global economy, though the euro bucked the broad weakness on receding concerns about France’s presidential election. Chinese stocks led regional losers, falling to a three-month low as concerns about tighter financial regulations weighed on banking shares while […]
Bahrain-based Ibdar Bank has announced the appointment of Ayman Sejiny as its new CEO. The Islamic investment bank said in a statement Sejiny has previously held roles at Barclays, Citi Bank and ABN Amro. Previous to his appointment with Ibdar, Sejiny was the Group CEO of Bahrain-based Bank Alkhair, which has a presence in Saudi Arabia, UAE, Turkey and Malaysia. Ibdar chairman Tareq Sadeq said: “Ibdar is […]
(Image: CNET/CBS Interactive) More than two-dozen popular apps for iPhones and iPads are still leaking sensitive information, such as login details for their services, despite having months to roll out a fix. Earlier this year, Will Strafach set out to see which popular iPhone apps were vulnerable to man-in-the-middle attacks, which allow attackers to intercept data as it’s being passed from a device to a server. Strafach, […]
We’ve known for years that a key protocol that allows global cellular networks to communicate with each other had vulnerabilities — and nobody really took it that seriously. Hackers and politicians alike have been warning for years that these flaws in the calling and text message routing system, known as Signaling System 7 (SS7), can be used to intercept and redirect calls and text messages, allowing hackers […]
