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The personal data of customers at a Victorian hunting authority has inadvertently been emailed out to strangers renewing their hunting licences. Victorian Game Management Authority customer data was sent to eight people renewing their game licences, with the state Department of Environment Land Water and Planning blaming “human error” for the lapse. The eight customers who received the emails have been contacted, and the department is confident […]

By Noah Barkin | DAVOS, Switzerland DAVOS, Switzerland Chinese President Xi Jinping will defend globalisation in the face of mounting public hostility in the West on Tuesday in a speech at the World Economic Forum that will underline Beijing’s growing global role. Xi’s appearance, a first for a Chinese leader at the annual meeting of political leaders, CEOs and bankers in Davos, comes as the part the […]

Asset price movements in the past few weeks have pointed both to the upside and a major risk for the global economy and markets under a Trump administration. Enthusiasm over higher US growth powering the global economy has been tempered at times by worries that certain elements of the president-elect’s “America First” approach could undermine longstanding trading relationships, opening up the risk of economic and financial disruptions. […]

By Jessica DiNapoli and Lisa Richwine American Apparel LLC started to lay off staff on Monday after Canada’s Gildan Activewear Inc (GIL.TO) withdrew its initial plan to buy some of the bankrupt U.S. fashion retailer’s manufacturing operations, company employees said. Gildan won the rights to American Apparel’s brand with an $88 million bid in a bankruptcy auction last week. It had previously indicated it would assume some […]

“Dedication, that’s what you need, if you want to be a record breaker,” sang the TV entertainer Roy Castle on the long-running BBC programme dedicated to notable feats. London’s FTSE 100 has been on a dedicated record-breaking run all of its own, notching up an unprecedented 14 consecutive sessions of gains by the end of last week, a run which only ended on Monday, when the index […]

Canceling nearly 90% of cash in circulation cost India the mantle of world’s fastest-growing large economy in 2016, the International Monetary Fund said, though it categorized the slowdown as temporary. India’s growth slowed to 6.6% last year from 7.6% in 2015, according to the fund’s latest World Economic Outlook, which estimates that China’s economy grew by 6.7% in 2016. The fund expects India’s expansion to bounce back […]

By Nigel Stephenson | LONDON LONDON Investors sold sterling and stocks on Monday, seeking shelter in gold and the Japanese yen as uncertainty over Britain’s departure from the European Union and the policies of U.S. President-elect Donald Trump curbed appetite for risky assets. U.S. markets were closed for the Martin Luther King Day holiday, crimping market activity and potentially exacerbating price moves. The dollar .DXY rose, except […]

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ABU DHABI // The country is working on a system to monitor and record its greenhouse gas emissions, says the new director general of the Global Green Growth Institute. Frank Rijsberman, who was on a two-day visit to the UAE for the World Future Energy Summit, said that although there was room for improvement, the UAE had become a leader in the renewable energy sector. “We’ve been […]

Traders are anticipating big swings in the pound, ratcheting up the cost of hedging against sterling volatility in preparation for fast-moving developments in the UK’s ever-more fractious relationship with the EU. Theresa May’s Brexit speech that she will deliver on Tuesday has already caused big shifts in the pound, following weekend media reports about its likely content. However, traders are now weighing up the impact of Donald […]

Turkey’s biggest headache, its crashing currency which the central banks appears unable to contain due to an Erdogan order not to hike rates, could soon translate into another major problem. According to two senior economy officials, Turkish inflation could reach double digits in the first quarter for the first time in almost five years as a result of the lira’s falls, putting more pressure on the central […]

By Isabel Coles | MOSUL, Iraq MOSUL, Iraq Iraqi special forces battled Islamic State militants in districts near the Tigris river in Mosul on Monday as they sought to bring more of the east of the city back under government control. The latest clashes occurred in the neighbouring Shurta and Andalus districts. At least three Islamic State suicide car bombs targeted Iraqi forces in Andalus. There was […]

An electricity crisis that has caused protests and unrest in the Gaza Strip eased on Monday after Qatar donated $12 million to buy fuel for the Palestinian enclave’s lone power plant, officials said. For weeks, Gaza’s population of 2 million has been making do with barely a few hours a day of electricity – less than half its usual supply. The Energy Authority run by the enclave’s […]

By Noah Barkin | DAVOS, Switzerland DAVOS, Switzerland A trade war between the United States and China and a strengthening dollar are among the biggest threats to a brightening global economic outlook, according to leading economists at the World Economic Forum in Davos. As political leaders, businessmen and bankers converge on the resort in the Swiss Alps this week, they can draw hope from a more benign […]

France held the first session of the conference in June, after the United States and others effectively gave up. Talks had broken down, and Mr. Netanyahu’s government had drawn international anger with its continued settlement activity in the West Bank and East Jerusalem, a red line for the process set out years before by Secretary of State John Kerry and other leaders. Continue reading the main story […]

The pound has fallen below the $1.20 mark for the first time since the October “flash crash”, ahead of a speech on Tuesday when UK prime minister Theresa May is expected to signal that Britain will fully break out of the EU’s common market after Brexit. The UK currency fell as much as 1.6 per cent to a low of $1.1986 against the dollar in early Asian […]

DUBAI/TEHRAN: Iran will not renegotiate its nuclear agreement with world powers, even if it faces new US sanctions after Donald Trump becomes president, Deputy Foreign Minister Abbas Araghchi said on Sunday.US “hostility” to Iran is growing day by day despite Tehran’s nuclear deal, the senior Iranian official said, ahead of the first anniversary of the historic accord.“The United States has done whatever it can do (to) slow […]

Seldom have such small chips carried such a heavy load. China’s fledgling semiconductor industry, after a messy birth, now finds itself in the crosshairs of conflicting political goals in Beijing and Washington. Chips are a key plank of China’s industrial plans, attracting a massive $150bn government subsidy. This reflects national angst over reliance on overseas markets — it spends more on importing semiconductors than oil — and […]

Monday 02.10 GMT Overview Asian markets were mostly lower despite bank-led gains for Wall Street on Friday but the spotlight was on the British pound as it tumbled to a four-month low amid heightened expectations of a “hard Brexit”. Hot topic Sterling was down 1.3 per cent at $1.2027 after falling as low as $1.1986 in early Asian trading, ahead of a speech on Tuesday in which […]

By Richard Balmforth | PARIS PARIS Former Prime Minister Manuel Valls, long tipped to win the left-wing ticket for France’s presidential election this spring, trailed his rivals after a debate on Sunday where his immigration policies came under fire. In the televised debate, Valls faced six other contenders ahead of a Socialist primary starting on Jan. 22 to pick a candidate who can keep next May’s presidential […]

By Kenneth Rijock MIAMI, USA — Tax authorities in Malta have announced that the government of Panama has declined to assist them in their investigations into tax evasion initiated following information released by journalists in the Panama Papers documents leak scandal. Tax investigators from Malta have asked to see emails of the law firm of Mossack and Fonseca, which allegedly assisted Maltese nationals evade income taxes, and […]

The media was rife with ‘I told you so’ headlines yesterday, after reports from more unnamed sources said the first order of business for the Trump administration was to hold a summit with Vladimir Putin, in Iceland, just like Reagan did with Gorbachev, circa 1986. The headlines were smug and the Twitterati of newly born left wing militarist war mongers were resplendent with calls for martial law or […]

DAVOS, Switzerland – The global economy is in better shape than it’s been in years. Stock markets are booming, oil prices are on the rise again and the risks of a rapid economic slowdown in China, a major source of concern a year ago, have eased. And yet, as political leaders, CEOs and top bankers make their annual trek up the Swiss Alps to the World Economic […]

Chinese linguist Zhou Youguang, considered the father of the Pinyin system used to represent the pronunciation of Chinese characters and who was an outspoken critic of the ruling Communist party, has died in Beijing at the age of 111. Born to a wealthy family in 1906 when a Qing Dynasty emperor was on the throne, Zhou’s life spanned China’s tumultuous and often tragic twentieth century. He witnessed […]

BAGHDAD Iraqi special forces swept the campus of Mosul University on Sunday to clear it of any remaining Islamic State militants after taking full control of the area, a spokesman said. Counter-terrorism service (CTS) troops drove the jihadists back inside the strategically located university complex and seized clusters of buildings including colleges on Saturday, an important gain towards retaking the entire eastern half of the city. “The […]

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Just in:
Gulf states formalise joint railway operating framework // Setback for Usha in Olympic body // Vasavan alleges one-man show by CM Satheesan // Nexawork AI Launches Custom Software for SMEs From RM19,900.00 // Trump directs Justice Department scrutiny of Democratic threats // Deemed status for high-performing aided colleges // NIA Highlights Three Exemplary Breakthroughs from National Innovation Awards, Driving Thailand Toward a Global ‘Innovation Nation’ // Bank of England flags sharper AI share correction risks // UAE non-oil trade climbs to AED 2.945 trillion // Public Protests Challenge Elected Power In Europe And India // Abu Dhabi property transaction value climbs 76.1 percent // Lula commits to budget discipline after election victory // Sber announces results of GigaArt AI-art festival: Nearly half a million images // Abu Dhabi court holds NMC executives liable for fraud // Recognition under the U.S. Green Building Council’s rating system confirms the 22-residence tower is on track for full certification on completion // Republicans Struggling To Come Out Of Nov 3 Debacle To Prepare For 2028 Prez Polls // EU challenges TikTok video rankings over harmful content loops // Vasavan alleges one-man show by CM Satheesan // Houthi missile barrage damages Aramco tower in Riyadh // PhotonPay Strengthens North American Regulatory Footprint with Canada’s RPAA Registration //