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 […]
Elton John performed at a private wedding, alongside Mariah Carey, in London on Saturday – just days after the veteran British singer postponed his Dubai concert from January 20 until December 8, citing ill health. The change of date was the second time John rescheduled his UAE gig, which was initially set for December 15 last year. It was moved to January after he was diagnosed with […]
BEIRUT Fighting between Islamic State and the Syrian army has killed dozens since Saturday in Deir al-Zor, where the militant group has launched an assault to capture a government enclave in the city, a monitoring group reported. At least 82 people have been killed in the fighting, which is the heaviest in the city for a year, the Syrian Observatory for Human Rights said on Monday. The […]
China on Monday approved the resignations of two of Hong Kong’s top officials, including its financial secretary, paving the way for them to contest a March election to become the next chief executive of the financial hub. China’s State Council has accepted the resignations of financial secretary John Tsang, and of Carrie Lam, the city’s chief secretary, the official Xinhua news agency said. The former British colony […]
LONDON British luxury brand Burberry (BRBY.L) said on Monday its incoming chief executive Marco Gobbetti will initially join the company on Jan. 27 as executive chairman, Asia Pacific and Middle East, before joining the board and taking the top job on July 5. Italian Gobbetti, the former boss of French brand Celine, was named as Christopher Bailey’s successor as CEO last July. Bailey will take on the […]
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 […]
Your daily guide to community and cultural activities across the Emirates for January 16, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Nationwide New movie In Into the Forest, sisters Nell and Eva (Ellen Page (pictured) and Evan Rachel Wood) find themselves in a battle to survive on their own at their isolated home in the […]
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 […]
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 […]
Cats has been seen by more than 70 million people worldwide, breaking records on both sides of the Atlantic – so it is hard to believe that just days before the premiere of the musical in May 1981, there were real fears it was going to be a monumental flop. Even with musical-theatre impresario Andrew Lloyd Webber’s name on the banner, securing funds for the production went down […]
PARIS/MILAN European carmakers were drawn into a widening probe of diesel emissions testing on Friday, with French prosecutors examining Renault and British authorities seeking answers from Fiat Chrysler Automobiles NV. Volkswagen’s VOW_p.DE admission that some of its diesel vehicles were fitted with software designed to hide their true level of emissions has highlighted that most cars spew out far higher levels of health-threatening nitrogen oxide (NOx) in […]
The British Antarctic Survey has announced it is relocating Halley VI, a research facility that sits atop the floating Brunt Ice Shelf in Antarctica. The ice shelf happens to be moving toward the Weddell Sea at 0.4 kilometers (approximately a quarter of a mile) per year. There is a higher possibility of huge chunks of ice breaking off as icebergs. The relocation of Halley VI is to […]
‘Contemporary art is not a decoration, it is a statement. It is a wonderful seismograph of our societies and realities.” These words were part of the opening speech given last week by founder Lorenzo Rudolf at the seventh edition of Art Stage Singapore in the South-east Asian island city. Rudolf, from Switzerland, has made it his mission to champion those sentiments since 1991, when he took over […]
|By Saifur Rahman| Indian investment in Dubai’s real estate fell 40 per cent to Dh12 billion ($3.2 billion) in 2016, down from Dh20 billion ($5.4 billion) in 2015, Dubai Land Department reports show. However, Indian nationals remain the top foreign investor group by nationality. As has been the case in previous years, more than 7,000 UAE nationals from across the GCC, Arabs, and foreigners invested nearly Dh22 […]
Qatar is regaining its appetite for deals. In the past two months alone, the world’s richest country per capita invested in Turkey’s biggest poultry producer, Russian oil giant Rosneft PJSC, and U.K. gas company National Grid Plc. The investments have been made through the Qatar Investment Authority, created in 2005 to handle the country’s windfall from liquefied natural gas sales, of which it is the world’s biggest exporter. […]
Video A Hunger Strike for His Wife Arash Sadeghi, an Iranian political prisoner, went on hunger strike for more than two months to protest the incarceration of his wife, Golrokh Ebrahimi-Iraee, who was temporarily released. By NEETI UPADHYE on Publish Date January 4, 2017. . Watch in Times Video » TEHRAN — The hunger strike, a pressure tactic of self-starvation used by political protesters around the world, […]
By Kylie MacLellan | LONDON LONDON The British government must publish a detailed plan for Brexit by mid-February setting out its position on future membership of the European Union’s single market and customs union, a committee of lawmakers said in a report published on Saturday. Parliament’s Exiting the EU committee, made up of lawmakers from several parties including Prime Minister Theresa May’s Conservatives and opposition Labour, also […]
There is a reason Rolls-Royce Motors appointed its youngest-ever chief executive in 2010. “I don’t want to say the brand would die, but the brand would never have had the success it has had over the last couple of years if we hadn’t rejuvenated it,” CEO Torsten Müller-Ötvös boasts. He is probably right. Until a couple of years ago, the English automobile brand was predominantly known as […]
Submitted by Patrick Buchanan via Buchanan.org, “Fake news!” roared Donald Trump, the work of “sick people.” The president-elect was referring to a 35-page dossier of lurid details of his alleged sexual misconduct in Russia, worked up by a former British spy. A two-page summary of the 35 pages had been added to Trump’s briefing by the CIA and FBI — and then leaked to CNN. This is […]
The slideshow published by the Belfast Telegraph on Monday, juxtaposing photographs from the life of Martin McGuinness before and after the Northern Ireland peace process, eloquently bookended the story of a man regarded by some as a hero and by others as a symbol of the mindless sectarian violence that killed more than 3,500 people and marred the lives of countless thousands more during 30 years of […]
International investigators have said for the first time that they suspect President Bashar al-Assad and his brother are responsible for the use of chemical weapons in the Syrian conflict, according to a document seen by Reuters. A joint inquiry for the United Nations and global watchdog the Organisation for the Prohibition of Chemical Weapons (OPCW) had previously identified only military units and did not name any commanders […]
Cybercriminals are exploiting charity for their own nefarious means. Image: iStock Cybercriminals are attempting to infect people with bank data stealing Ramnit malware by using phishing emails pretending to come from a charity. Migrant Help is a real British charity which offers support to distressed migrants arriving in the UK, but hackers are using its name in an effort to infect victims with the Ramnit banking Trojan, […]
The British pound fell to a record 31-year low against the dollar on Wednesday, leading to a sharp increase in remittances from UAE expatriates to the UK. Sterling fell to $1.20 before rebounding to just above $1.21 by Wednesday evening – reaching its lowest level excluding the flash crash on October 7 last year. Dutch Rabobank said the economic policies of US President-elect Donald Trump have boosted […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Donald Trump is nothing if not transparent, especially when it comes to views of the press and outright evasions about his business holdings. That was self-evident at his Wednesday spectacle (labeled “press conference”) in which he bashed media and also […]
