By John O’Donnell | FRANKFURT FRANKFURT London has seen its standing as a financial center slip as Britain prepares to trigger its departure from the European Union, according to a survey released on Monday, although rival European cities still lag far behind. The Z/Yen global financial centers index (GFCI), which ranks 88 financial centers, still puts London in first place, followed by New York and three cities […]
The US stock market’s shifting reaction to the inability of Donald Trump and the House of Representatives to repeal Obamacare belies the much bigger question the failure raises for Wall Street: can this administration steer corporate tax cuts through Congress? This matters because the expectation that American companies will enjoy smaller tax bills has helped fan a 10 per cent gain for the S&P 500 since the […]
LONDON A stronger-than-anticipated economic recovery, the return of inflation and the region’s financial sector in a “sweet spot” has spurred Morgan Stanley to lift its earnings forecasts and targets for European benchmark indexes. The U.S. bank now sees earnings per share growth for 2017 coming in at 16 percent for the MSCI Europe with the index rising as much as 8 percent over the next 12 months. […]
In July 2011 an unusual fascination had gripped some members of New York’s financial community. Walk into a Manhattan office expecting to discuss the US stock market with an investor who exclusively backed equity hedge funds, and they instead had Italian government debt on the brain. Selling short bonds of the eurozone’s third-largest economy had become so popular that non-debt specialists had started to notice, and rising […]
BEIRUT: US-backed Kurdish-Arab alliance on Sunday entered a military airport held by Daesh in northern Syria while the militant group warned the Tabqa dam is at imminent risk of collapse because of airstrikes and increased water levels.The advance by Syrian Democratic Forces (SDF) on Tabqa airbase comes as the alliance prepares an attack on Daesh’s de facto Syrian capital Raqqa, seeking to effectively surround the city before […]
The federal government has tasked Innovation and Science Australia (ISA) with developing a plan that will put Australia in a position as a leading “innovation nation” by 2030. In its 2030 Strategic Plan Issues paper, the independent body charged with researching, planning, and advising the government on all science, research, and innovation matters highlighted six challenges it sees as central to shaping the strategy, with one placing […]
March 26, 2017 by: FT Confidential Research Government efforts to cool the Chinese housing market are not working. Despite an intensifying clampdown, more households expect prices to continue rising in the coming months, particularly in the richest cities that are the focus of the government’s campaign. Consumer sentiment towards real estate purchases has also spiked, probably in response to widespread coverage of the policy tightening. The clampdown […]
Your daily guide to community and cultural activities across the Emirates for March 27, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Al Ain Equestrian show Catch […]
Fresh from a mammoth, big budget UAE show, Guns n’ Roses have been named the top grossing live act in the world. According to stats compiled by Pollstar, the reformed rock legends bank an average of $5,004,737 (Dh18.3 million) per show, with the average ticket price set at $101.82 (Dh373). Regular tickets for the band’s controversy struck show at Dubai Autism Rocks Arena on March 3 – […]
Last week, the Office for National Statistics released the inflation results for the British economy. Even though most analysts weren’t expecting any huge differences, the numbers (updated until February) paint a completely different picture. In February, the inflation rate increased rather sharply. On a month-on-month basis, the CPI increased by 0.7% (whereas January was a month with deflation). The current YoY inflation rate based on the CPI […]
Advances in artificial intelligence and robotics are heightening concerns about automation replacing a growing number of occupations Are robots coming for your job? Although technology has long affected the labor force, recent advances in artificial intelligence and robotics are heightening concerns about automation replacing a growing number of occupations, including highly skilled or “knowledge-based” jobs. Just a few examples: self-driving technology may eliminate the need for […]
After a week dominated by questions over whether Donald Trump will be able to push his economic agenda through Congress, here are the questions FT markets reporters are asking in the final trading week of March. Will investors keep faith in Trump’s ability to drive tax cuts? That is the question facing equity markets after the White House failed to muster the support needed in the House […]
26 March 2017 Sharjah, UAE – The sixth edition of the International Government Communication Forum (IGCF 2017) themed ‘Societal Participation…Comprehensive Development’, held under the patronage of His Highness Sheikh Dr Sultan bin Mohamed Al Qasimi, Supreme Council Member and Ruler of Sharjah, concluded yesterday (March 23) at Expo Centre Sharjah, with the issue of a set of recommendations aimed at activating community participation in the achievement of […]
By James Pomfret and Venus Wu | HONG KONG HONG KONG A Beijing-backed civil servant, Carrie Lam, was chosen to be Hong Kong’s next leader on Sunday amid accusations that Beijing is meddling and denying the financial hub a more populist leader perhaps better able to defuse political tension. The majority of the China-ruled city’s 7.3 million people have no say in deciding their leader, who is […]
Malwarebytes Contact centers are a weak link in the enterprise and are often “neglected” and forgotten when it comes to enterprise security investments, analysts claim. The contact center used to be the main channel for customers to connect to businesses. As email, social media, and live chat systems have expanded, there are more options for communication — however, picking up the phone and speaking to an agent […]
By Steve Holland and David Shepardson | WASHINGTON WASHINGTON U.S. President Donald Trump on Friday touted Charter Communications Inc’s decision to invest $25 billion in the United States and a plan the company announced before he was elected to hire 20,000 workers over four years. At a White House event with the second-largest U.S. cable company’s Chief Executive Thomas Rutledge and Texas Governor Greg Abbott, Trump praised […]
Your daily guide to community and cultural activities across the Emirates for March 25, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Cultural festival Mother […]
By Alastair Macdonald and Jan Strupczewski | ROME ROME Europeans must contain their squabbling and carping about the EU if the Union is to survive, leaders warned on Saturday as they marked the 60th anniversary of its founding in Rome by signing a formal declaration of unity. Four days before Prime Minister Theresa May, absent from the ceremony in the Italian capital, delivers an unprecedented blow to […]
By Regis Duvignau and Bernard Grollier | CAMBO-LES-BAINS/SAINT-DENIS-DE-LA-REUNION, France CAMBO-LES-BAINS/SAINT-DENIS-DE-LA-REUNION, France Francois Fillon’s aides used an umbrella to shield him from eggs thrown by protesters in south-west France on Saturday as the beleaguered conservative fell further behind centrist Emmanuel Macron and far-rightist Marine Le Pen in opinion polls. The contrast between former frontrunner Fillon, embroiled in a financial scandal, and new poll favourite Macron was striking as […]
EVEN if it threatens to affect the legislative agenda of the 17th Congress, House Speaker Pantaleon D. Alvarez has vowed to pursue an impeachment case filed against Vice President Maria Leonor G. Robredo, justifying that, in doing so, the lower chamber is only doing its mandate under the 1987 Constitution. “Whether it will affect or not [our legislative agenda], we are mandated by the Constitution to process all […]
Like an old vinyl record with a well-worn groove, the needle skipping merrily back to the same track over and over again, we repeat: Today’s markets are dangerously overpriced. Being market fundamentalists who don’t believe it’s possible to simply print prosperity out of thin air, we’ve been deeply skeptical of the financial markets ever since the central banks began their highly interventionist policies. Since 2009, they have […]
Late last summer, Kelley Calkins and her team began discussions with Medium to take their burgeoning company in a new direction. The Establishment, a scrappy, four-person outlet funded and run by women, was considering moving its site to Medium. Taking the plunge would mean free hosting, access to the company’s minimalist content management system and a variety of business opportunities. And more money. The Establishment, like other […]
Royal bank of Canada closed accounts of about 40 clients and bolstered tax compliance following an internal review of offshore accounts tied to last year’s leaked documents from Panamanian law firm. The bank was named in the so-called Panama Papers. The Panama City law firm revealed over 11 million documents that showed how lender Mossack fonesca, and other politicians, and business leaders, had set up several offshores […]
Emaar Malls has bid up to $800 million to take over e-commerce giant Souq.com, sources familiar to the offer have have confirmed to Arabian Business. Last week Amazon agreed in principle to a 100 percent takeover of Souq.com, in a deal believed be worth around $580m. The Emaar offer for $800 million is thought to have included a $500 million convertible deposit. However, it is understood that […]
