Intel has shuffled its executive ranks again, announcing that long-time executive Diane Bryant is stepping down from her role as GM of the Data Center Group (DCG). Intel CEO Brian Krzanich said in an email to employees that Bryant would be stepping away for six to eight months to tend to a personal family matter. Navin Shenoy, formerly GM of the Client Computing Group (CCG), will be […]
By Jeff Mason and Matt Spetalnick | WASHINGTON WASHINGTON President Donald Trump vowed on Wednesday to do “whatever is necessary” to broker peace between Israel and the Palestinians as he hosted Palestinian President Mahmoud Abbas at the White House, but offered no sign of how he could revive long-stalled negotiations. In their first face-to-face meeting, Trump pressed Abbas and other Palestinian leaders to “speak in a unified […]
Digitization identified as key for region to retain leadership in global logistics landscape Dubai, United Arab Emirates, May 4 2017 Supply chain optimization took center stage at the ninth GPCA Supply Chain Conference, which took place between 2-4 May 2017 at the Rosewood Hotel in Abu Dhabi. During the event, speakers highlighted logistical efficiency as a top industry priority in the GCC as traditional supply chains across […]
China has rapidly emerged as the leading issuer of green bonds, spurring excitement among the green finance community that they will help the world’s largest emitter reduce its choking pollution. But although the amount raised is carefully tracked, how the money is being spent is less clear. China issued $36bn of green bonds in 2016, up from almost none the year before, and analysts expect it to […]
KABUL Gulbuddin Hekmatyar is due to meet the Afghan president this week ahead of a return to politics, a remarkable turnaround for a leader widely reviled for his part in a civil war that killed thousands in the capital Kabul and razed much of the city. Hekmatyar, who was removed from the UN terrorism sanctions list only this year, made his first public appearance on Saturday since […]
By Andrew Cawthorne and Alexandra Ulmer | CARACAS CARACAS Venezuelan security forces battled protesters who lit fires and hurled stones on Wednesday in rage at President Nicolas Maduro’s decree to create an alternative congress, with another fatality taking the death toll to 34 during a month of unrest. In a familiar pattern in protests against the socialist government, thousands of opposition supporters rallied peacefully at first before […]
Sign up to receive FirstFT by email here The Federal Reserve said it believed the recent slowdown in US growth was likely to prove temporary as it stayed on course for a further increase in short-term interest rates as soon as June. The US central bank kept its target range for the federal funds rate at 0.75 per cent to 1 per cent following its latest two-day meeting. In […]
Mr. Abbas, 82, who was among the negotiators on hand for the historic signing of the Oslo Accords on the White House lawn in 1993, indicated that he did feel optimistic that nearly a quarter-century later Mr. Trump might be the president who finally builds on that initial agreement to forge a final resolution to the conflict. Continue reading the main story Praising Mr. Trump’s “courageous leadership,” […]
BEIRUT: A large explosion shook a rebel-held Syrian town along the border with Turkey on Wednesday, killing at least five people and wounding others.The Britain-based Syrian Observatory for Human Rights said a car bomb went off in the town of Azaz close to the offices of the Syrian interim government, which represents the opposition in rebel-held areas. The Observatory and the activist-run Azaz Media Center confirmed the […]
By Nick Carey and Joseph White | DETROIT DETROIT Automotive supplier Delphi Automotive Plc (DLPH.N) on Wednesday said it plans to spin off operations tied to internal combustion engines and focus on technology for electrically powered and self-driving vehicles, boosting its share price and highlighting the challenges for legacy auto industry players. Vehicles driven by humans and powered with petroleum will dominate roads from Shanghai to San […]
“All the Rivers,” the new English title of the book, was published last week in the United States by Random House, and Ms. Rabinyan, 44, seemed a little nervous. She wanted Americans to read the book for what she said it is — a story of a specific love and its boundaries — and not because of the free speech controversy here or the backdrop of a […]
GENEVA Yemen faces a “famine of Biblical proportions”, veteran aid expert Jan Egeland warned on Wednesday during a visit to the war-battered nation, expressing fury over the failure of the “men with guns and power” to end the crisis. Yemen’s two years of civil war have pitted the Iran-aligned Houthi rebel group against a Saudi-backed coalition, causing economic collapse and severely restricting the food and fuel imports […]
The Abu Dhabi International Book Fair completed its 27th edition on Tuesday. On the surface the event did what it was designed to do. Thousands of books were sold, literary awards were handed out, a new publishing house was announced, publishing deals were signed and authors’ works were snapped up in languages ranging from Chinese to Turkish. But it is only when you spend a serious amount […]
The collaboration will focus on identifying specific primary and secondary market interventions which have multiplying effects on the economy and act as an enabler to home ownership 03 May 2017 Istanbul, Turkey — Türkiye Wealth Fund (“TWF”) (www.TurkiyeVarlikFonu.com.tr), The Islamic Corporation for the Development of the Private Sector (“ICD”) (www.ICD-PS.org), the private sector arm of IDB Group, and Catalyst Group (“Catalyst”) (www.CatalsytGroup360.com) have entered into a Joint […]
Saudi Arabia said Tuesday that it will issue a quarterly budget progress report for the first time as part of efforts to boost transparency while diversifying its oil-dependent economy. The world’s biggest oil exporter is wooing investors as it tries to reduce budget deficits caused by a collapse in energy revenues. “We will for the first time in Saudi announce, possibly in a couple of weeks or […]
CAIRO Islamic State claimed responsibility on Wednesday for an attack on an armoured convoy used by NATO that killed eight people in the Afghan capital Kabul. It said in a statement on its Amaq news agency that a suicide bomber detonated an explosives-rigged car as the convoy passed an area near the U.S. embassy, killing eight American soldiers. Public health officials in Kabul said the eight dead […]
OPEC and allied oil producers should extend their collective production cuts into the second half of the year when an expected upturn in demand will help to re-balance the crude market, UAE Energy Minister Suhail Al Mazrouei said. All countries participating in the cuts must agree to any extension, he said Tuesday in the UAE capital Abu Dhabi. The Organization of Petroleum Exporting Countries and other major […]
Elsewhere on Wednesday, – TFW you have become verb used to specify there should be no lying in this particular bond quoting: Shortly after his indictment in 2013, Mr. Peters engaged in a chat session with a potential buyer about the price that would be offered for mortgage securities. The customer wrote, “Ok don’t litvak me! Go ahead with that bid.” – Guardian longread on where oil […]
As the United States adapts to the presidency of Donald Trump and faces rising tensions abroad, Berkshire Hathaway Inc shareholders will descend on Omaha, Nebraska this weekend seeking reassurance, from Warren Buffett. The weekend known as “Woodstock for Capitalists” is unique in corporate America, a celebration of the billionaire’s image and success at a conglomerate whose businesses range from Geico insurance to the BNSF railroad to See’s […]
Vocus Communications has revised its guidance for the 2017 financial year, with revenue down by AU$100 million, underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) down by between AU$65 million and AU$75 million, and net profit down by AU$45 million to AU$50 million. According to a presentation delivered by Vocus CEO Geoff Horth on Wednesday, underlying EBITDA is now expected to be between AU$365 million and […]
BEIRUT An aid convoy of food and medical supplies has reached the besieged Syrian town of Douma for the first time since October, the International Committee of the Red Cross (ICRC) said on Tuesday. Along with the United Nations and the Syrian Arab Red Crescent, the ICRC went into Douma with 51 trucks loaded with aid for 35,000 people, it said on Twitter. A U.N. official in […]
If you stand close to one of Marwan Sahmarani’s paintings and examine a small section, you find yourself being pulled into a swirling mass of colour and texture, a seemingly abstract formation of thickly-applied oil paints. It is testament to the Lebanese artist’s mastery of the medium that, as his viewers take in each work as a whole, its stories reveal themselves easily. In his latest show, […]
Donald Trump and Vladimir Putin discussed paths towards peace in Syria on Tuesday, in the first sign of practical interaction between the American and Russian presidents since Rex Tillerson, US secretary of state, visited Moscow last month. The call, only the second time the two leaders have spoken since Mr Trump took office in January, was the first sign that Moscow and Washington might be acting on […]
By Anya George Tharakan and Stephen Nellis Apple Inc (AAPL.O) reported a surprise fall in iPhone sales for its second quarter on Tuesday, indicating that customers may have held back purchases in anticipation of the 10th-anniversary edition of the company’s most important product later this year. Shares of the world’s most valuable listed company were down 2.1 percent at $144.37 in after-hours trading. Under pressure from shareholders […]
