January 17, 2017 by: Henry Mance, Political correspondent Theresa May has promised a clean break with the EU, saying that Britain would not “seek to hold on to bits of membership as we leave”. In a much anticipated speech outlining her Brexit objectives, the prime minister said that Britain would seek “a new and equal partnership” with the other 27 countries in the EU — not “anything […]
PARIS In May last year, then French Economy Minister Emmanuel Macron sat down with Socialist lawmaker Christophe Sirugue in the steel town of Le Creusot and asked him to join his new political movement. He said No. Eight months on, others are saying Yes. A political outsider who has never run for office and hopes to transcend the classic Left-Right divide, Macron suddenly seems to have a […]
Facebook is throwing its weight behind French tech by choosing Paris to launch its first official start-up incubator, as the battle heats up among European capitals to lure the best tech companies following the Brexit vote. The social media giant announced on Tuesday it had become a founding partner in Station F, a €250m start-up campus in central Paris that is set to be the largest in […]
By Tom Westbrook and Jonathan Barrett | SYDNEY SYDNEY The deep-sea search for missing Malaysia Airlines flight MH370 ended on Tuesday without any trace being found of the plane that vanished in 2014 with 239 people on board, the three countries involved in the search said. The location of Flight MH370 has become one of the world’s greatest aviation mysteries since the plane disappeared en route to […]
By Noah Barkin | DAVOS, Switzerland DAVOS, Switzerland Chinese President Xi Jinping will defend globalisation in the face of mounting public hostility in the West on Tuesday in a speech at the World Economic Forum that will underline Beijing’s growing global role. Xi’s appearance, a first for a Chinese leader at the annual meeting of political leaders, CEOs and bankers in Davos, comes as the part the […]
Theresa May will test the nerves of currency markets on Tuesday when she declares that Britain is making a clean break from the EU and will not seek a deal that leaves the country “half in and half out”. Mrs May’s comments will be seen as confirmation that Britain is leaving the single market — sometimes referred to as “a hard Brexit” — although she will leave […]
BISHKEK A Turkish cargo jet crashed near Kyrgyzstan’s Manas airport on Monday, killing at least 37 people, most of them residents of a village struck by the Boeing 747 as it tried to land in dense fog, Kyrgyz officials said. According to the airport administration, the plane was supposed to make a stopover at Manas, near the capital city Bishkek, on its way from Hong Kong to […]
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, discussed the course of national development in sync with the vision of the President, Sheikh Khalifa. Ryan Carter / Crown Prince Court – Abu Dhabi Sheikh Mohammed bin Zayed with a UAE Jiu-Jitsu champion. Mohamed Al Suwaidi / Crown […]
Asset price movements in the past few weeks have pointed both to the upside and a major risk for the global economy and markets under a Trump administration. Enthusiasm over higher US growth powering the global economy has been tempered at times by worries that certain elements of the president-elect’s “America First” approach could undermine longstanding trading relationships, opening up the risk of economic and financial disruptions. […]
TEHRAN — Perplexed residents here focused their eyes — and smartphones — upward on Monday afternoon as antiaircraft weapons hidden on rooftops suddenly began blasting away at “an unidentified flying object” in the clear sky. The thunderous clack-clack of gunfire and small dots of white smoke overhead provided a loud and unexpected accompaniment to the start of city’s evening rush, as videos show. Anti-aircraft fire on the […]
LONDON (Thomson Reuters Foundation) – As university students mill around a bright and airy study hall in London, Eiad Zinah converses in his native language Arabic with a female student from Germany. It is the first time the pair have met for a language tuition session – and it is the Syrian refugee who is running the tutorial today, not the other way around. “It’s an amazing […]
Ken Miller Crunch Network Contributor Ken Miller is an investor, writer, and advisor to several technology companies and Venture Capital firms. Previously he was an Executive at PayPal and Intuit, and early Advisor to Square. More posts by this contributor: How to join the network Pundits and Monday morning quarterbacks have spent much of the last two months lost in a fog of speculation and assertions as […]
OPEC probably won’t need to extend a deal it reached with other crude producers to cut output, given compliance with the reductions and the outlook for an increase in global demand, Saudi Energy Minister Khalid Al-Falih said. The re-balancing of the oil market should take place by the end of the first half of the year, Al-Falih told reporters during an energy event in the United Arab […]
ABU DHABI // The country is working on a system to monitor and record its greenhouse gas emissions, says the new director general of the Global Green Growth Institute. Frank Rijsberman, who was on a two-day visit to the UAE for the World Future Energy Summit, said that although there was room for improvement, the UAE had become a leader in the renewable energy sector. “We’ve been […]
Traders are anticipating big swings in the pound, ratcheting up the cost of hedging against sterling volatility in preparation for fast-moving developments in the UK’s ever-more fractious relationship with the EU. Theresa May’s Brexit speech that she will deliver on Tuesday has already caused big shifts in the pound, following weekend media reports about its likely content. However, traders are now weighing up the impact of Donald […]
Workers likely to be impacted first by automation include those in manufacturing and retail trade. Image: Getty Images/iStockphoto Today’s technology could be used to automate half of all work activities by 2055 but it could end up taking far longer than that, according to a report from McKinsey Global Institute. It’s likely that one day your skills could be made obsolete by technology aided by advances in […]
Atlas Copco is to split itself in two and appoint a new chief executive as Sweden’s largest industrial group tries to boost shareholder value. The Wallenberg-backed company is hoping to spin off its mining and construction tools business after a tough period following the slump in commodities market. That would leave the existing Atlas Copco to focus on compressors, vacuum technology and its big service business, which […]
US companies have rushed to renegotiate their loans at the start of the year, taking advantage of strong investor demand for debt that is more insulated against an expected rise in interest rates. January’s re-pricing volume has already reached $41.6bn — the highest monthly volume since January 2013 with a further two weeks before the month ends, according to data from LCD, an offering of S&P Global […]
Fraugster, a German and Israeli startup that has developed Artificial Intelligence (AI) technology to help eliminate payment fraud, has raised $5 million in funding. Earlybird led the round, alongside existing investors Speedinvest, Seedcamp and an unnamed large Swiss family office. The new capital will be used to add to Fraugster’s headcount as it expands internationally. Founded in 2014 by Max Laemmle, who previously co-founded payment gateway company […]
The media was rife with ‘I told you so’ headlines yesterday, after reports from more unnamed sources said the first order of business for the Trump administration was to hold a summit with Vladimir Putin, in Iceland, just like Reagan did with Gorbachev, circa 1986. The headlines were smug and the Twitterati of newly born left wing militarist war mongers were resplendent with calls for martial law or […]
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 […]
In line with H.H. Sheikh Khalifa’s move declaring 2017 as ‘Year of Giving’ 15 January 2017 As part of its contributions to help improve human capital skills in the country in accordance with UAE Vision 2021, Imdaad, the GCC’s leading integrated facilities management (FM) company based in Dubai, has expressed its optimism for the year 2017 and has forged a strategic partnership with Al nokhba Model School […]
BRUSSELS The European Union and the United States agreed on Friday to reduce legal and capital barriers to boost the $3 billion transatlantic insurance and reinsurance market. The accord has been under negotiation for more than a year and follows an agreement last year on derivatives. U.S. and EU representatives said in a joint statement they had reached a deal “that will ensure ongoing robust insurance consumer […]
Partly cloudy skies and moderate, fresh winds can be expected on Sunday as temperatures across the country increase slightly. Inland, humidity will rise overnight leading to potential mist and fog on Monday morning. Temperatures will range between 12°C and 26°C along the coast, with 8°C to 27°C expected inland. In the mountains temperatures will peak at 19°C and fall as low as 5°C. The sea will be […]
