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Most entrepreneurs occasionally face unfavourable circumstances, from underperforming staff or chronic complaining customers to difficult economic conditions, mounting fees, and other often unforeseen hassles. However, there are outlier entrepreneurs, those whose decisions to persevere greatly outnumber the impediments they encounter. “I was stubborn. I had been dreaming about that project forever. I didn’t want to give up,” says Ziad Kamel, founder of Couqley UAE, a French bistro […]

FRANKFURT Shares in Deutsche Bank (DBKGn.DE) fell almost 7 percent in early trading on Monday after the lender announced an 8 billion-euro ($8.48 billion) capital increase that Chief Executive John Cryan had previously declared a last resort. The capital hike is its fourth since 2010. Together with a partial listing of the asset-management unit and a sale of other assets, the move should take its core capital […]

newslide Justin Timberlake and Bruno Mars among iHeartRadio Music Award winners The 2017 iHeartRadio Music Awards started with Justin Timberlake speaking about inclusion and dedicating his award to children who feel different, and ended with a rousing performance by Bruno Mars that included crowd participation from Florida Georgia Line, Thomas Rhett, Ty Dolla $ign, Heidi Klum and more. Timberlake won the night’s first award, song of the […]

March 15 is not only the day when the FOMC is now widely expected to hike rates by another 25 bps, and when the US debt ceiling suspension expires, but just as importantly, is the date of the 2017 Dutch General Election. Here is a full preview of what to expect courtesy of RBC Capital Markets. By way of background, the Netherlands is the euro area’s 5th-largest […]

The Accion Frontier Inclusion Fund, a global fintech fund managed by venture capital firm Quona Capital, has secured $141 million in capital contributions from a consortium of institutional investors including Accion, MasterCard, and JPMorgan Chase. The Washington-based fund will invest in “inclusive fintech” startups that improve the accessibility and quality of financial services in emerging markets including sub-Saharan Africa, Latin America, and Asia, with a particular focus […]

Via JC Collins of Philosophy of Metrics.com, First they came for the Socialists, and I did not speak out—Because I was not a Socialist.Then they came for the Trade Unionists, and I did not speak out—Because I was not a Trade Unionist.Then they came for the Jews, and I did not speak out—Because I was not a Jew.Then they came for me—And there was no one left […]

Deutsche Bank on Sunday unveiled an €8bn capital increase and its latest sweeping strategic overhaul, as chief executive John Cryan seeks to put Germany’s biggest bank “back on the front foot” after a year of turmoil. The moves, some of which reverse changes to the structure of businesses announced only 18 months ago, come after a year when Deutsche was caught up in two brutal market sell-offs. […]

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Photo A medical marijuana farm near the northern Israeli city of Safed. Credit Dan Balilty/Associated Press JERUSALEM — Israel, which has been at the forefront of research into medical marijuana and the drug’s commercialization, took a major step on Sunday toward officially decriminalizing its recreational use. At a time when many American states and European countries are loosening marijuana laws, the Israeli cabinet approved a plan that […]

Via Daniel Mitchell of The Foundation for Economic Education, I focus most of my ire on the federal government because bad policy from Washington is the biggest threat to our nation’s freedom and prosperity. But we also get plenty of bad policy from other levels of government. I periodically focus on the foibles of states such as California, Illinois, and New York. Today, though, let’s contemplate the […]

Maritime security will head the agenda as Australia and other Indian Ocean nations meet in Jakarta, with Indonesia pushing governance in a bid to prevent another South China Sea. Prime Minister Malcolm Turnbull will meet with President Joko Widodo for the second time in less than two weeks when he attends the 20th anniversary of the Indian Ocean Rim Association (IORA) summit in Jakarta this week. With […]

– Issuance is a Call to Kuwaiti Corporates to take Advantage of Sukuk for Financing Projects – 7-Fold Oversubscription evidence for EQUATE’s robust position, Sukuk Importance 05 March 2017 Kuwait – Chief Executive Officer -KFH Capital, affiliated to Kuwait Finance House Group, Abdulaziz Nasser Al-Marzouq said that KFH Capital acted as a global coordinator and book runner for EQUATE SUKUK SPC Limited’s (“EQUATE SPC”) in […]

As part of the previously previewed “Two Sessions” which started on Sunday, Chinese Premier Li Keqiang on Sunday delivered the annual report on the work of the government in Beijing, summarizing the country’s achievements in the past year, and setting goals for this year. In his policy speech, lasting 97 minutes and 18,600 Chinese characters, Li signaled a course adjustment for the world’s second-largest economy and some […]

China’s banking system has surpassed the eurozone’s to become the world’s largest by assets, a sign both of the country’s increased influence in world finance and its reliance on debt to drive growth since the global financial crisis. While China’s gross domestic product surpassed the EU’s economic bloc in 2011 at market exchange rates, its banking system did not take over the top spot until the end […]

The 20th century was a bull market for literacy, freedom, prosperity, health, and technology. As a result of these gains, wealth has increased exponentially, and world poverty is now at all-time lows. Life expectancy continues to improve in most countries, global literacy is near 90%, and there are well over 100 democracies throughout the planet. But, as VisualCapitalist’s Jeff Desjardins notes, not every positive trend can keep […]

A fiber optic undersea link connecting Angola’s capital Luanda to the Brazilian city of Fortaleza is reported to be about 50 percent complete, with operations set to begin later this year. With more than 6,200 kilometers in length, SACS (South Atlantic Cable System) system will be the first fiber optic cable to connect Africa to the Americas via the South Atlantic sea. According to Angola Cables, the […]

KUALA LUMPUR Malaysia has arrested six foreigners and one Malaysian for suspected links to militant groups including Islamic State, the police chief said on Sunday. The Southeast Asian nation has been on high alert since suicide bombers and gunmen linked to Islamic State launched multiple attacks in Jakarta, the capital of neighbouring Indonesia, in January 2016. A grenade attack on a bar on the outskirts of the […]

By Ernest Scheyder | HOUSTON HOUSTON The biggest names in the oil world come together this week for the largest industry gathering since the end of a two-year price war that pitted Middle East exporters against the firms that drove the shale energy revolution in the United States. When OPEC in November joined with several non-OPEC producers to agree to a historic cut in output, the group […]

By Abdi Sheikh | MOGADISHU MOGADISHU Some 110 people have died in southern Somalia in the last two days from famine and diarrhoea resulting from a drought, the prime minister said on Saturday, as the area braces itself for widespread shortages of food. In February, United Nations children’s agency UNICEF said the drought in Somalia could lead to up to 270,000 children suffering from severe acute malnutrition […]

By Kevin Yao and Xiaochong Zhang | BEIJING BEIJING China has cut its growth target this year as the world’s second-largest economy pushes through painful reforms to address a build-up in debt and strives to keep a lid on risks in its financial sector. China aims to expand its economy by around 6.5 percent in 2017, Premier Li Keqiang said at the opening of the annual meeting […]

Standard Life is in late-stage discussions to acquire Aberdeen Asset Management in an all-stock deal that would create the UK’s largest money manager with £660bn of assets and be worth around £11bn.  The companies confirmed the talks on Saturday evening in a joint statement that said a deal would “leverage Standard Life and Aberdeen’s combined strengths to create a world class investment company”. They added that Standard Life […]

AMMAN, Jordan — Jordan on Saturday executed 10 prisoners with ties to Islamist extremism who had carried out five shootings and a bombing since 2003, a government spokesman said. Among those killed in the attacks were a British tourist, an outspoken Jordanian critic of Islamist extremism and members of the Jordanian security forces. The executions on Saturday were the first since Jordan began a crackdown on Islamist […]

The calendar may have only just flipped into March, but it has already felt like a long year for dollar bulls. They have been frustrated with the wait for detail from Donald Trump on the proposed tax and fiscal policies that started their run at his election in November. It is a rally that has faded in 2017, with the US currency down 0.25 per cent this […]

Emerging markets had a third month of strong inflows into their equities and bonds in February, in a further sign of reviving optimism over an asset class that was expected to be caught in the crosshairs of any US move to protectionism. There were cross-border flows to EM assets of more than $17bn in the month, up from just over $14bn in January, data from the Institute […]

Plot twists, accusations and 25,000 pages of evidence — a snapshot of the case that will determine Nawaz Sharif’s fate. Panama Papers leaked; Sharif family under spotlight — Feica/Dawn. The International Consortium of Investigative Journalists (ICIJ) makes 11.5 million secret documents available to the public for the very first time. The documents, coming from Panamanian law firm Mossack Fonseca, contain confidential attorney-client information for more than 214,488 […]

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