While TV and radio presenter Reggie Yates might not quite be a household name, parents of young children will know him well as the voice of British children’s-TV character, Rastamouse. That, however, is just one of the many feathers in the cap of the 33-year-old. His impressively varied career, which started with a role in the TV sitcom Desmond’s at the age of 8, has also included […]
Almost 40 years ago, German audio specialist Sennheiser set its engineers an ambitious task: to create the world’s best headphones, irrespective of cost. By 1991, the task was complete and the legendary Orpheus HE90 launched for sale with a price tag of $16,000 – about $28,000 in today’s currency. Fast-forward two decades, and Sennheiser has done it again. Its updated version of the HE90, the Orpheus HE1, […]
By Catherine Ngai and Liz Hampton | HOUSTON HOUSTON Commodities trader and investor TrailStone Group has purchased Cargill Inc’s gas and power trading group, three sources familiar with the deal said this week. The move, first reported by Sparkspread, comes amid a reshuffling in the power and natural gas industry as private equity firms and hedge funds pour into the space, filling a void left by banks […]
By Jessica DiNapoli | NEW YORK NEW YORK A U.S. bankruptcy court judge granted Avaya Inc approval on Friday to tap $425 million of the $725 million loan proposed to carry the telecommunications company through its restructuring, funds the company said were essential to continue operations. Avaya filed for Chapter 11 bankruptcy protection on Thursday to cut its debt of about $6 billion after efforts to sell […]
A day of protests on the University of Washington campus turned violent Friday evening after a 32 year old man was shot in the abdomen outside of a Milo Yiannopoulos event. The victim, currently in surgery, was rushed to the hospital in critical condition, and the suspect turned himself in, telling police he fired in self-defense. This comes on the heels of a progressively violent day on campus as Anti-Trump Protesters clashed with police and Trump supporters; throwing rocks, bricks, firecrackers, […]
By Noel Randewich | SAN FRANCISCO SAN FRANCISCO U.S. President Donald Trump’s administration is only hours old, but already a small parade of S&P 500 companies’ chiefs have voiced optimism that his promised tax cuts, stimulus spending and deregulation will boost corporate profits. In the days ahead of Friday’s inauguration, senior executives from Morgan Stanley (MS.N), Delta Air Lines (DAL.N) and other major U.S. corporations said the […]
In 2015, Malian businessman and former interim prime minister Cheick Modibo Diarra told Arabian Business: “When it comes to investment…Africa really is the last frontier. Be it agriculture, energy production, extraction of gold and diamonds, or oil and gas, we have a lot of opportunities and a young workforce that understands how business works.” He was speaking at a time when interest in Africa among Middle East […]
After years of excess supply the global aluminium market may be turning a corner, as China seeks to cut capacity and the incoming Donald Trump administration ratchets up trade threats against the world’s largest producer of the lightweight metal. A glut of aluminium in recent years has decimated the US aluminium industry, where smelters were forced to shut down as Chinese imports rose. Now, after tackling excess […]
President Trump’s brief inaugural speech was a declaration of war against the entirety of the American Ruling Establishment. All of it. As Paul Craig Roberts details, Trump made it abundantly clear that Americans’ enemies are right here at home: globalists, neoliberal economists, neoconservatives and other unilateralists accustomed to imposing the US on the world and involving us in endless and expensive wars, politicians who serve the Ruling […]
By Jamie McGeever and Marc Jones | LONDON LONDON For financial markets, the Trump era begins on Monday, and if history is any guide the following month should be a rocky one for Wall Street but positive for the dollar. The S&P 500 .SPX has fallen a median 2.7 percent in the month after each new president has taken the keys to the White House since Herbert […]
Donald Trump’s November victory ignited the steepest rally from election day to inauguration for a first-term president since John F. Kennedy won the White House in 1960. The charts below tell the tale of the vigorous, and in many ways unexpected, reaction to the rise of the billionaire property developer to the pinnacle of American politics. The S&P 500 index, a broad measure of the performance of […]
Friday 21:00 GMT Overview Financial markets gave a relatively muted response to Donald Trump’s inaugural speech as US president, with US stocks edging higher, Treasuries putting in mixed performances and the dollar easing back against its main rivals. Oil prices rose sharply amid hopes that producers would show compliance to a global deal to cut output. Gold initially struggled for traction but held above the $1,200 an […]
By David Lawder and Scott Malone | WASHINGTON WASHINGTON Black-clad activists angry about U.S. President Donald Trump’s inauguration smashed store and car windows in Washington on Friday and fought with police in riot gear who responded with pepper spray and stun grenades. About 500 people, some wearing masks and kerchiefs over their faces, marched through the city’s downtown, breaking the windows of a Bank of America branch, […]
Brexit’s impact on the UK economy weighed on sterling traders at the end of another turbulent week for the devalued currency following the publication of disappointing retail sales, sending the pound sharply lower. December’s seasonally adjusted sales, minus fuel, were 2 per cent lower than in November, the worst monthly decline in more than five years. The pound had begun the day higher, but the data reversed […]
George Osborne, the former UK chancellor, is to join BlackRock, the world’s largest asset manager, as an adviser. BlackRock’s chairman and chief executive Larry Fink said the company wanted Mr Osborne’s “unique and valuable perspective on the issues affecting the world”, citing his work helping the UK and the G20 to recover from the financial crisis. “At the centre of our mission is helping people around the […]
By Marja Novak | SEVNICA, Slovenia SEVNICA, Slovenia “First Lady” apple pies in the Kruhek bakery in Melania Trump’s hometown of Sevnica in Slovenia are selling like hot cakes. “We sell more than a hundred a day so the pies are our main product these days,” said Sergeja Gorenjec, a saleswoman at the bakery. “Our workday is longer but we are glad and proud of Melania.” Tourist […]
As Donald Trump moves into the White House, it would be hard to dream up a cabinet friendlier to fossil fuels. His nominees include Rex Tillerson, the former ExxonMobil chief tapped for secretary of state; Scott Pruitt, picked to run the environmental watchdog he fought as Oklahoma attorney-general; and Rick Perry, a former Texas governor set to head the energy department. “Folks in the fossil fuel industry […]
Kabir Mulchandani is a hands-on developer. While he may not be laying bricks, the SKAI Holdings CEO forwent his air-conditioned office in Downtown Dubai for an often stinking hot construction site on the Palm Jumeirah for the two years that it took for his flagship $1.2 billion hotel to be built. It was only in November that he finally walked offsite when the Viceroy Dubai Palm Jumeirah […]
“Comeback is a good word, man,” noted the actor Mickey Rourke, after portraying a washed-up wrestler led to a career renaissance. Could 2017 be the year when stockpickers can say the same thing? The post-financial crisis environment has been unkind to active investing, especially in equities, with most portfolio managers unable to beat their benchmarks even before costs. That has accelerated the seismic investor shift towards cheap, […]
At the end of the Bush administration, I hated the republicans. George was such a fucking idiot, alongside the tea party retards. I viewed Obama as a welcomed respite. In hindsight, I probably voted for Obama to prove that I wasn’t some sort of redneck racist. The Obama administration was very good for stocks — maybe the best ever. But at what cost? The national debt has […]
By Kevin Yao and Elias Glenn | BEIJING BEIJING China’s economy grew a faster-than-expected 6.8 percent in the fourth quarter, boosted by higher government spending and record bank lending, giving it a solid tailwind heading into what is expected to be a turbulent 2017. But Beijing’s decision to raise spending to meet its official growth target could exact a high price, as policymakers grapple with financial risks […]
When it comes to bare-knuckle political lobbying, 12-year-old Claudia Conway is a chip off the old block. Today her mother, Kellyanne Conway, the Republican pollster credited with turning round Donald Trump’s presidential campaign, will be celebrating her 50th birthday at the inauguration of the 45th President of the United States. As his special counsellor, Conway is looking forward to life as the most powerful woman in the […]
Donald Trump vowed to make America “greater than ever before” as he stood framed by Washington’s Lincoln Memorial and addressed a crowd of supporters on the eve of his inauguration as the 45th president of the United States. “It’s a movement like we’ve never seen anywhere in the world,” the former property developer and reality television star declared before fireworks lit up the sky above the National Mall […]
Many worry it would only set off new fighting with the Palestinians as well as the rest of the Arab world, a big price tag for a symbolic change that would hardly move the ball on the broader conflict. Continue reading the main story “I don’t know what’s in it for Trump,” said Akiva Eldar, a longtime Israeli columnist and co-author of a book on the issue […]
