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By Lucia Mutikani | WASHINGTON WASHINGTON U.S. consumer spending rose solidly in December as households bought motor vehicles and a range of services amid rising wages, pointing to sustained domestic demand that could spur faster economic growth in early 2017. There are also signs of inflation steadily firming. The strengthening economy, rising price pressures and a tightening labor market could allow the Federal Reserve to lift interest […]

Aberdeen Asset Management and Franklin Templeton Investments are among asset managers pushing Mexican authorities to overhaul two practices they say are harming investor confidence in a country that has been in global crosshairs since US president Donald Trump took office earlier this month. Cartica, a US-based asset manager focused on emerging markets, is leading a charge from the firms to push listed Mexican companies to give at […]

European, Asian stocks and S&P futures all drop after traders were left with a sour taste from the potential fallout of Donald Trump’s order halting some immigration and ahead of central bank decisions from the U.S. and Japan.  Markets in Hong Kong, China, Malaysia, Korea, Singapore, Taiwan and Vietnam are all shut due to the Lunar New Year public holiday, leading to a quiet Asian session. Oil […]

By Nichola Saminather | SINGAPORE SINGAPORE Asian share markets and Wall Street stock futures fell on Monday after immigration curbs introduced by U.S. President Donald Trump heightened concerns about the impact of the new administration’s policies on trade and the economy. European markets were also poised for a sluggish start, with financial spreadbetter CMC Markets expecting Germany’s DAX to start the day 0.3 percent lower, Britain’s FTSE […]

Monday 08:30 GMT Overview The dollar and Wall Street equity futures are under pressure after data last week showed slower than expected US growth and as traders digest President Donald Trump’s executive order to clamp down on people entering the US from seven predominantly Muslim countries. The sour tone is suppressing stock markets in Europe, though not lifting government bond prices or supporting gold to any great […]

This artist rendering provided by Airbus shows a vehicle in their flying car project, Vahana. Even before George Jetson entranced kids with his flying car, people dreamed of soaring above traffic congestion. Inventors and entrepreneurs have tried and failed to make the dream a reality, but that may be changing. Nearly a dozen companies around the globe, some of them with deep pockets like Airbus, are working […]

JERUSALEM: When Benjamin Netanyahu sent a tweet in support of President Donald Trump’s plan for a wall along the Mexican border, the Israeli prime minister can barely have expected it would be retweeted 40,000 times and cause a backlash at home and abroad.Already under arguably the greatest pressure he has faced in his 11 years as prime minister, with police questioning him in two criminal probes into […]

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TOKYO Mitsubishi UFJ Trust and Banking Corp [MTFGTB.UL] is preparing to sue Toshiba Corp for 1 billion yen ($8.7 million) in damages after its share price tanked due to a $1.3 billion accounting scandal two years ago. The trust bank is seeking compensation on behalf of its client pension funds, a spokesman said on Monday. The development is an extra headache for the conglomerate which has plunged […]

Abu Dhabi 29 January 2017 His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, may Allah protect him, issued, as Ruler of Abu Dhabi, a law concerning the Abu Dhabi Government’s financial system. The law seeks to set a comprehensive regulatory framework for public financial resources to guarantee that government work is conducted within an institutional framework with a high level of transparency and […]

Last fall, I taught a media studies class based on ESPN at the University of Illinois. The class examined ESPN’s considerable impact on all the touchpoints of media: Broadcasting and journalism; advertising and branding; digital and innovation; documentaries and storytelling and impact on pop culture, to name a few. The opening lecture focused on the roots of ESPN, and how ludicrous the notion of an all-sports network […]

The Meizu M5 Note is a nice looking Android phone. Released on December 6th 2016, it has a smaller form factor than the fast and sleek M3 Max that I reviewed last year. The M3 Max has a 6 inch HD display, whereas the M5 note has a 5.5 inch HD display at 1920 x 1080 resolution. Its dimensions are 153.6mm x 75.8mm, It weighs 175g, and […]

In this Thursday, Jan. 19, 2017, photo, a fake news story is positioned near ads from major global corporations on The Red Elephants website. It may not be intentional, but major corporations are helping prop up sites that publish false news stories. Experts say it’s not so easy for brands to make sure they don’t end up on websites that publish false stories. (The Red Elephants via […]

The law firm Mossack Fonseca & Co in Panama City, Panama | Joe Raedle/Getty Images Center-right MEPs want to water down rules proposed in the aftermath of last year’s Panama Papers scandal — a leak of more than 11 million documents from the Panama-based law firm Mossack Fonseca — over concerns about privacy. The proposed changes to EU anti-money laundering laws are currently bogged down in confidential discussions between MEPs […]

By Sinead Carew | NEW YORK NEW YORK In an ordinary world, a U.S. Federal Reserve meeting, jobs data and a hefty number of earnings reports next week would provide investors with welcome distraction from speculation about the U.S. president’s policy plans. But the current world is less than ordinary. In the second week after Donald Trump’s inauguration, issues such as his controversial immigration policies will likely […]

Despite the Trump administration’s chaotic start, there is one man who has every reason to thank the new US president — Haruhiko Kuroda, governor of the Bank of Japan. At a policy meeting this week, Mr Kuroda’s BoJ is set to edge upwards its growth forecasts for Japan, reflecting a Japanese economic outlook transformed by Mr Trump’s election and subsequent weakness in the yen. The US election […]

Photo Prime Minister Benjamin Netanyahu of Israel at a weekly cabinet meeting in Jerusalem on Sunday. He said before the meeting, “Jerusalem is the capital of Israel, and it is proper that not only should the American Embassy be here, but all embassies should come here.” Credit Abir Sultan/Agence France-Presse — Getty Images JERUSALEM — Prime Minister Benjamin Netanyahu of Israel, who had been closemouthed on the […]

BAGHDAD/MOSUL, Iraq Iraq plans to lobby against new restrictions on travel to the United States by Iraqis, arguing the two countries need to preserve their alliance against Islamic State (IS), two members of the Iraqi parliament close to the government said on Sunday. Dependent on U.S. military aid against IS, the Iraqi government has so far declined comment on an executive order signed by new U.S. President […]

Chinese real estate investment abroad rose by more than half last year to a new high, highlighting the potentially disruptive impact of tighter capital controls imposed late in the year to discourage outbound money flows. Overseas investment from China in residential, commercial and industrial property totalled $33bn in 2016, up 53 per cent from a year earlier, according to global real estate group JLL, as Chinese buyers snapped […]

By Ahmed Rasheed and Maher Chmaytelli | BAGHDAD BAGHDAD Iraq plans to lobby against new restrictions on travel to the United States by Iraqis, arguing the two countries need to preserve their alliance against Islamic State, two members of the Iraqi parliament, who declined to be identified, said on Sunday. The Iraqi government itself has so far declined to comment on an executive order signed by U.S. […]

There’s a strong tendency in storage to go for the one-size-fits-all approach. Nobody wants to manage two systems when one will do. But you need to understand exactly what your use case requires – and ensure the critical success factors are well implemented. That’s the case with RAID arrays and archiving. Until about 5 years ago, you had two choices for enterprise archives: tape silos or RAID […]

Donald Trump’s ban on Muslim immigrants has provoked sharp criticism from US corporations, pitching the US president into an epic clash over US values and the legality of the new measures just one week into his presidency. A growing chorus of condemnation rose from the tech sector on Saturday, with companies including Google, Microsoft and Uber issuing statements of concern over the new policy. The founders of many […]

By Christine Murray | MEXICO CITY MEXICO CITY Billionaire Carlos Slim said on Friday that Mexico should not fear Donald Trump, seeing opportunities for his country in the U.S. president’s economic policies, and praising Mexicans for uniting behind their government in talks with the northern neighbor. In a rare news conference, the telecommunications and construction mogul called Trump a negotiator, “not Terminator” and said his repeated attacks […]

Dubai, 26 January 2017  Dentons advised Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, on its inaugural issuance of US$150 million trust certificates (Sukuk) due 2020, which completed on 24 January 2017. In addition to being AFC’s maiden Sukuk issuance, the transaction represented the first Sukuk to be issued by an African supranational entity. The Sukuk were offered to international investors […]

newslide Marvel’s Black Panther filming gets underway Marvel Studios has announced that filming has begun on its latest superhero epic which for the first time will feature a black actor, Chadwick Boseman, in the lead role. The news comes just after a record number of black actors were nominated for this year’s Oscars and as Hollywood pushes for more diversity. Boseman will play the lead role in […]

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