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Highlights of the day for U.S. President Donald Trump’s administration on Tuesday: HEALTHCARE Trump endorses a plan by Republican lawmakers to replace the Obamacare healthcare law but influential conservative groups come out strongly against it, complicating the proposal’s prospects for passage in Congress. Shares of large U.S. pharmaceutical and biotechnology companies are selling off after Trump says he is working on a system to reduce prices in […]

Canadian financial services group Canaccord Genuity’s aims to double the contributions to its investment banking business from the Middle East and India in the next five years, its regional head told Reuters. It recently helped broker a C$5 billion ($3.7 billion) investment partnership between Dubai ports operator DP World and Caisse de depot et placement du Quebec, Canada’s second-largest public pension fund. “We think this could be […]

Reuters (Adds comments from Saudi source) KUALA LUMPUR/DUBAI, March 7 (Reuters) – Malaysia said on Tuesday that suspected militants from Yemen arrested late last month ahead of a visit by Saudi King Salman had been planning an attack on Arab royalty. A senior Malaysian police source said the four suspects belonged to Yemen’sIran-allied Houthi movement, which hails from a Shi’ite Muslim sect and has been […]

The biggest impact investing deal to ever see the light of day — that is how a fascinating new hedge fund deal is being touted. Impact investing is the practice of trying to make a measurable, positive societal impact as well as making a financial return on your money. The US hedge fund Mariner Investment Group reckons it has found a way to turn an investment of about $150m into […]

LONDON British police said a security incident which caused the closure of London Bridge station, the fourth busiest in the British capital, and the surrounding area on Tuesday was not suspicious. “Thanks for bearing with us during the security alert on London Bridge St,” police said on Twitter. “Incident found not to be suspicious. Roads re-opening now.” (Reporting by Michael Holden; editing by Guy Faulconbridge) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); […]

Snap Inc’s shares fell as much as 10.4 percent on Tuesday, opening at their lowest since a blockbuster market debut last week. Snap’s shares hit a low of $21.30 in early trading on Tuesday, wiping out more than $9 billion of the company’s market capitalization from Friday’s high. Shares surged 44 percent in a hotly anticipated listing on Thursday, valuing the parent of Snapchat, an app popular […]

BEIRUT Fawaz Atmeh and Mohammed Musa’s families were among the first to flee Russia’s intervention in the Syrian conflict, sheltering in tents on boggy ground near the Turkish border as jets bombed their villages further east. As Syria’s battle lines have shifted in nearly 18 months since, the two young men have watched their camp swell with families and fighters escaping government territorial gains, insurgent infighting and […]

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Brazil’s economy shrank 3.6 per cent last year as high inflation, a runaway budget deficit and political turmoil drove the country to its worst recession on record.  The contraction, which was felt across almost all economic sectors from industry to services, was slightly worse than economists’ estimates and only marginally better than 2015, when gross domestic product contracted 3.8 per cent.  GDP in the final three months […]

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. When it comes to Russian hacking and other subterfuge, the obvious and unavoidable media and political talk involves either the Clinton presidential campaign or the Trump White House. As Bloomberg’s Michael Riley discloses, there’s more for the press to obsess […]

Fund managers and institutional investors expect oil giant Saudi Aramco to have a market capitalisation of $1 trillion to $1.5 trillion when it sells shares to the public next year, a survey by regional investment bank EFG Hermes showed on Monday. The valuation of Aramco. the world’s biggest oil firm, has been the focus of intense speculation since the Saudi government last year announced plans to sell […]

Although nine years have passed since the Solomon R Guggenheim Museum and Foundation announced they would be building the Guggenheim Abu Dhabi on Saadiyat Island and construction has not yet started, the head of the foundation has confirmed the museum is very much a reality. Richard Armstrong, director of the Solomon R Guggenheim Museum and Foundation said: “There is progress, we are moving forward towards building it […]

Donald Trump is not alone. When the US president complained, just before taking office, at the size of his country’s trade gap with Germany, he highlighted an issue that has long been the source of irritation in Washington and beyond. It is a topic that is now also stimulating debate within Germany — with possible consequences for the country’s trade ties with the rest of the world […]

Photo A fighter in the Syrian Democratic Forces, an American-backed militia, in the outskirts of Deir al-Zour last month. The militia said it had seized the route linking Raqqa to Deir al-Zour Province on Monday. Credit Delil Souleiman/Agence France-Presse — Getty Images The Islamic State appeared to suffer an important setback on Monday when American-backed militia fighters in Syria seized the main route that connects Raqqa, the […]

Few institutions embodied the eurozone crisis more clearly than Bankia, the Spanish lender which was bailed out in 2012. Yet you would have been hard pressed to see any signs of that as the lender tapped debt markets this month. The bond sale by Bankia, still majority owned by the Spanish government, attracted almost €5bn in orders for the €500m of debt it sold. Its “tier 2” […]

KUALA LUMPUR Malaysia on Tuesday said the seven militants arrested late last month were planning an attack on “Arab royalties” visiting its capital Kuala Lumpur. The arrests were made just days before Saudi Arabia’s King Salman visited Malaysia on Feb. 26. “They were planning to attack Arab royalties during their visit to Kuala Lumpur. We got them in the nick of time,” Inspector General of Police Khalid […]

Photo Graffiti in Sana, Yemen, protested American drone operations in the country last year. The United States has carried out over 40 airstrikes in the country in the past week. Credit Yahya Arhab/European Pressphoto Agency WASHINGTON — For a fifth consecutive night, American warplanes and drones on Monday pummeled suspected Qaeda targets in Yemen as the Pentagon said an earlier attack in the country had killed a […]

Yet in the other six countries still on Mr. Trump’s list, his decision to push ahead with the ban only stoked their sense of grievance and discrimination. Regional experts repeated earlier warnings that Mr. Trump’s order handed an easy propaganda victory to enemies and might ultimately weaken American security. Continue reading the main story “The idea that this is a Muslim ban has been reinforced even further,” […]

Your daily guide to community and cultural activities across the Emirates for March 7, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Swimming festival Tomorrow […]

Snap has fallen below Thursday’s opening price, losing 12 per cent on Monday as analysts issued ‘sell’ ratings on the owner of messaging app Snapchat. Shares in Snap, which went public three days ago, closed at $23.77, below its $24 opening price on the New York Stock Exchange. The broader market closed down 0.3 per cent. However, Snap is still 40 per cent above the $17 at […]

JUBA A disaffected South Sudanese army general who quit his position last month announced on Monday that he had formed a new anti-government rebel group, underscoring mounting resistance to the rule of incumbent president Salva Kiir Lieutenant General Thomas Cirillo Swaka, formerly deputy head of logistics, resigned after he accused Kiir of turning the country’s military into a “tribal army.” The military, police and other security branches, […]

The opening of Abu Dhabi Airports’ $2.94 billion Midfield Terminal has been pushed back by two years, regional newspapers reported on Monday, in the latest setback for a project seen as crucial to the emirate’s wider expansion into tourism. Abu Dhabi, home to the capital of the UAE, is investing billions in tourism, infrastructure and industry to diversify its economy away from oil. But some projects have […]

Via Michael Shedlock of MishTalk.com, A quick perusal of Target2 Balances for January shows capital flight from Italy and Spain to Germany intensified again. German target2 imbalances exceed levels hit in the Eurozone crises in 2012. Things improved considerably after ECB president Mario Draghi made his famous statement “Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, […]

By David Lawder | WASHINGTON WASHINGTON Trump administration trade adviser Peter Navarro said on Monday the $65 billion U.S. trade deficit with Germany was “one of the most difficult” trade issues, and bilateral discussions were needed to reduce it outside of European Union restrictions. Navarro, the director of the new White House National Trade Council, said at an economic conference in Washington that Germany has used the […]

BANGKOK Thai veterinarians on Monday removed 915 coins from a 25-year-old sea turtle which had been swallowing items thrown into her pool for good luck, eventually limiting her ability to swim. The coins and other objects removed from the turtle named Omsin – piggy bank in Thai – weighed 5 kg (11 lb). The turtle itself weighed 59 kg (130 lb). The green sea turtle, living at […]

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