Qualcomm beat Wall Street’s sales and profit forecasts for its second quarter as the mobile chipmaker’s performance was boosted by the launch of new smartphones including Samsung’s Galaxy S8. However, the company on Wednesday warned of greater uncertainty in its outlook for the next quarter because of its legal battle with Apple, some of whose contract manufacturers have withheld about $1bn in royalty payments to Qualcomm in […]
19 April 2017 The Bank recorded a Net Profit of BD 14.74 million (US$ 39.20 million) for the first quarter of 2017 compared to BD 17.76 million (US$ 47.23 million) for the corresponding period of the previous year, a decrease of 17.0 percent. The Bank achieved an Operating Profit of BD 19.05 Million (US$ 50.66 Million) for the first quarter of 2017, an increase of 3.8 percent […]
A former Indonesian education minister yesterday won the race for Jakarta governor yesterday after a polarising campaign that cast a shadow over Indonesia’s reputation for practising a tolerant form of Islam.Anies Baswedan won with 58% of the votes versus 42% for Basuki Tjahaja Purnama, known by his Chinese nickname as “Ahok”, based on 100% of the votes in an unofficial “quick count” by Indikator Politik.Other pollsters showed […]
Planned Parenthood has been threatened repeatedly with defunding in several states since Trump became our 45th president. But has also, as a consequence, received a serious spike in donations (40 times its normal rate, according to the Guardian). The organization’s leaders are now looking to 500 startups’ seed program to help them capitalize on the recent surge and harness technology to help further the momentum. 500 will […]
Bill O’Reilly, the biggest star at Rupert Murdoch’s Fox News Channel, is leaving the cable news network after an independent investigation into claims that he sexually harassed several women. “After a thorough and careful review of allegations against him, the company and Bill O’Reilly have agreed that Bill O’Reilly will not return to the Fox News Channel,” 21st Century Fox, Fox News’ parent company, said in a […]
Twelve Saudi soldiers, including four officers, were killed on Tuesday when their helicopter went down in Yemen, the Arab coalition fighting Yemeni rebels said in a statement. The Saudi Black Hawk “fell during operations in the province of Marib” east of Sanaa, the coalition said in a statement carried by SPA state news agency, without clarifying the reason. “The causes of the incident are being investigated,” the […]
With Venezuela holding a massive protest today dubbed the “Mother Of All Protests” to challenge the rule of president Maduro, who meanwhile has ordered the army into the streets, while summoning a counterprotests, violence seemed inevitable and moments ago Reuters reported that a young protester was shot in the Venezuelan capital of Caracas. #19Abril OTRO HERIDO MAS …víctima de la Represión del Dictador Colombiano en #Venezuela pic.twitter.com/Rz3fw8H2Eh […]
By Jose Cabezas and Nelson Renteria EL MOZOTE, El Salvador Survivors of 1981’s El Mozote massacre are closer than ever to justice after the reopening of an investigation begun more than a quarter-century ago into the army-led killing of about 1,000 people, casting light on a horrific symbol of the unaccountability for atrocities in El Salvador’s civil war. The killings went unpunished because of an amnesty law that […]
April 19, 2017 by: Vinay Pande and Gerald Lucas The most prominent beneficiary of the so-called Trump trade has been equities, with total returns of 10.5 per cent from the S&P 500 and 10 per cent from the MSCI All-Country World Index since the US election. However, pinning a global bull market on one individual is dangerous. Several other drivers have supported it, making it even more […]
There is yet another Twitter clone floating in the ether. It’s called Mastodon, and it’s getting enough attention that analysts and pundits are chiming in, including former PCMag EIC Lance Ulanoff. Ulanoff and I used to go back and forth with contrary opinions, and I was hoping to do that again, but his argument is pretty much based on the fact that he could not […]
Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, on Tuesday approved a proposal to distribute 10 percent of it share capital, equivalent to AED1.301 billion ($354 million), as a cash dividend to shareholders. Addressing shareholders, Mohamed Alabbar, chairman of Emaar Malls and Emaar Properties, said the success of Emaar Malls is led by the UAE’s robust growth and the vision of Sheikh Mohammed […]
|By Saifur Rahman| Intex Technologies Ltd, an Indian technology accessories manufacturer with an annual turnover of US$1 billion, is investing INR 25 billion that will push its annual turnover ten-fold to US$10 billion in 5 years, a senior official told The Arabian Post. India is currently the world’s second-largest telecommunications market and has registered strong growth in the past decade and half.The total mobile services market revenue in […]
By Mubasher Bukhari | LAHORE, Pakistan LAHORE, Pakistan The Pakistani Taliban claimed responsibility for a suicide attack on army personnel that killed at least six people and wounded 18 in the eastern Pakistani city of Lahore on Wednesday. Punjab government spokesman Malik Ahmed Khan said the blast, which hit an army vehicle taking part in Pakistan’s census, killed four soldiers and two civilian bystanders. Scores of people […]
For the few who might not be familiar with the business, what’s the story behind Aldar? Aldar was founded just over a decade ago in 2005, and is now the leading real estate lifestyle developer in Abu Dhabi. Since we began, we have always pushed boundaries, resulting in some of Abu Dhabi’s most iconic real estate projects. Our business focuses on two main areas – real estate […]
KHAN SHEIKHUN: A suspected chemical attack killed at least 58 civilians in opposition-held northwestern Syria on Tuesday, a monitor said, prompting global outrage and calls for international action.The attack in the town of Khan Sheikhun also left dozens suffering respiratory problems and symptoms including vomiting, fainting and foaming at the mouth, the Britain-based Syrian Observatory for Human Rights said.Hours later, airstrikes hit a hospital in the town […]
Left to right: DTA interim CEO Nerida O’Loughlin, new DTA CEO Gavin Slater, and Assistant Minister for Cities and Digital Transformation Angus Taylor (Image: Digital Transformation Office) Former National Australia Bank (NAB) executive Gavin Slater has been appointed as the new CEO of the Australian government’s Digital Transformation Agency (DTA), Assistant Minister for Cities and Digital Transformation Angus Taylor announced on Wednesday. Slater held numerous roles in […]
Henin Beaumont, a mining town in northern France, voted socialist for decades but is now a model for the way Marine Le Pen’s far-right National Front party is capitalising on economic hardship. Anne-Sylvaine Chassany visited the region to find out why. Filmed by Steve Ager. Produced by Daniel Garrahan. Additional editing by Richard Topping. Graphics by Russell Birkett. Colour grade by Rory Cantwell. Editorial Assistants: Domitille Alain, […]
Iceland’s finance minister has admitted it is untenable for the country to maintain its own freely floating currency, just days after it lifted capital controls imposed in the wake of its near financial collapse in 2008. Benedikt Johannesson told the Financial Times that the Nordic island of just 330,000 people would look at options to link Iceland’s krona to another currency, most likely the euro or pound. […]
Australian telecommunications provider TPG has announced spending a further SG$23.8 million on acquiring more mobile broadband spectrum in the Singaporean market, winning 2x 5MHz in the 2.5GHz band during the general spectrum auction this week. “We are very satisfied with the allocation obtained in the new entrant spectrum auction, and are now very pleased to have successfully taken the opportunity to add to our portfolio of spectrum […]
Investors are refusing to call time on expectations of a sustained recovery in the global economy, after propelling global markets to their best quarterly performance since 2013. Money managers say they are willing to look past rising political uncertainty in France and the US and bet on what they view as an acceleration in activity and synchronised economic advances across developed and emerging markets. Expectations of US fiscal stimulus […]
By Edward McAllister | BANJUL BANJUL A hundred and sixty nine Gambian migrants returned home on Tuesday, after journeying across the Sahara in harsh conditions only to get stuck in Libya, most in jails far short of their intended destination in Europe. The were mostly young men in their 20s, the main demographic of African economic migrants seeking a better life abroad, but also some women and […]
Fox News is facing fresh legal and financial challenges after a third employee joined a racial discrimination lawsuit while a dozen brands stopped advertising on Bill O’Reilly’s top-rated programme following new allegations of sexual harassment and verbal abuse. The allegations that the cable network knew of complaints from black employees two years ago and failed to investigate them, coupled with the news of advertisers distancing themselves from […]
QUITO Ecuadorean leftist Lenin Moreno won Sunday’s presidential election, the country’s electoral council said on Tuesday, after a tight contest with his right-wing opponent. Moreno pocketed 51.16 percent of valid votes versus 48.84 percent for conservative challenger Guillermo Lasso, with 99.65 percent of votes counted, according to the council. The results are “irreversible,” electoral council president Juan Pablo Pozo said, adding there was no indication of fraud. […]
Greek ministers and the country’s bailout monitors were on Tuesday trying to strike a deal on the pension and labour market reforms needed to unlock further financial aid. With the clock ticking down to more than €6bn in debt repayments that Athens must make in July, negotiators say an accord on the main elements of the policy package must be reached soon to stave off the risk […]
