©AFP BAGHDAD/ERBIL, Iraq, Dec 31 — Two bombs claimed by Islamic State killed 25 people in central Baghdad on Saturday, as fighting intensified in the northern city of Mosul where government forces are trying to rout the jihadis from their last major stronghold in the country. The blasts, including one suicide attack, tore through a busy market in the Sinak neighbourhood, police said. A pro-Islamic State news […]
BAGHDAD Two bombs exploded at a busy market in central Baghdad on Saturday killing at least 21 people and wounding more than 40 others, police and medics said. There was no immediate claim of responsibility for the attacks, but Islamic State regularly targets civilians in the Iraqi capital. Police said the blasts went off near car spare parts shops in Sinak during the morning rush. One of […]
BEIJING China’s economy is on a steady growth path as 2016 ends, supported by a housing boom and billions in government investment, but the mood of policymakers is more cautious than celebratory as they face “complexity” in the new year. Controlling risks has been a constant refrain in recent months as the focus of policymakers switches to taming asset bubbles and checking unbalanced growth stemming from efforts […]
And there is a red, or more conservative, Israel that thought the secretary of state was delusional and insulting, divorced from the harsh reality of the only real democracy in the Middle East struggling to preserve itself in a hostile neighborhood. Continue reading the main story Just as in the United States, many Israelis cling to their own facts, retreat to their own media outlets, advance their […]
BERLIN Islamist terrorism is the biggest test facing Germany, Chancellor Angela Merkel said on Saturday in a New Year’s address to the nation, and she vowed to introduce laws that improve security after a deadly attack before Christmas in Berlin. Describing 2016 as a year that gave many the impression that the world had “turned upside down,” Merkel urged Germans to forsake populism and said Germany had […]
Social media firm Snap Inc may be the highest profile tech IPO planned for 2017, with the potential to raise billions. But more than a dozen expected stock offerings of relatively obscure software firms targeting business customers – little-known names such as Apttus, Tintri and Okta – could be just as important in thawing a long-frozen IPO market, according to investment bankers and advisers who work on […]
Investors’ positions fluctuated wildly this year after unexpected election results in the UK and US upended markets, ultimately propelling a global stock rally and selling of government bonds as portfolio managers readied for the arrival of fiscal stimulus and inflation. A $66bn rotation into US stocks over the past eight weeks reflects expectations for faster global growth and inflation in the wake of Donald Trump’s surprise US […]
WASHINGTON U.S. defence and security agencies said they believed the threat of militant attacks inside the United States was low during this New Year’s holiday, yet some chance of an attack was “undeniable,” according to security assessments reviewed on Friday. “There are no indications of specific threats to the U.S. Homeland,” said a “situational awareness” bulletin issued to U.S. Army personnel this week by the Army’s Training […]
A year ago the coffers at Argentina’s central bank were empty as the country teetered on the brink of a currency crisis. Now banks are scrambling to fly dollars back to the US as their vaults fill to bursting with piles of cash. That would sound like good news for Alfonso Prat-Gay, who as finance minister this week boasted that his tax amnesty had already repatriated $90bn hidden […]
Photo Ruined buildings in Douma, Syria, a rebel-held area near Damascus, on Friday. Credit Bassam Khabieh/Reuters BEIRUT, Lebanon — A cease-fire between the Syrian government and rebel groups tentatively took hold across the country on Friday, with only scattered reports of clashes, shelling and airstrikes. The truce, brokered primarily by Russia and Turkey, who pledged to guarantee the compliance of the government and the opposition, was announced […]
Hindsight Capital beats the market, and all competition, every year. But how would it do over a decade? For the uninitiated, Hindsight Capital is an imaginary hedge fund that is blessed with perfect foresight, which features at this time of year in the Long View column. As real fund managers deploying real money have to hedge their bets, it always does far better than any of them […]
For a glimpse into just how insane modern finance and capital markets are, look no further than Italy’s thrice insolvent (in three years) bank Monte Paschi, which after failing to finalize a private, is finalizing the terms of its nationalization with the Italian government: a rescue which will cost Italian taxpayers at least €6.6 billion, and likely more. The bailout, however, is not the punchline. What is, […]
The number of new mutual funds launched in the US fell sharply in 2016, reflecting the crisis of confidence in active management and the shift by investors into exchange traded funds. The number of mutual funds shutting down has also jumped to levels not seen since the financial crisis, according to the latest figures from the research group Morningstar. The result is that the total number of […]
BEIJING Prosecutors in China’s violence-prone far western region of Xinjiang have set up a special team to handle terror-related cases, state news agency Xinhua said on Friday. Hundreds of people have been killed in recent years in resource-rich Xinjiang, on the borders of central Asia, in violence between the Muslim Uighur people who call the region home and ethnic majority Han Chinese. The government has blamed the […]
Abu Dhabi, United Arab Emirates; December 30, 2017 As the 10th anniversary year of Masdar, Abu Dhabi’s renewable energy company, draws to a close, industry watchers can reflect on 12 months that have marked a historic milestone for the company and a pivotal moment for the renewable energy sector as a whole. During the decade since Masdar was established, the UAE has cemented a global reputation for […]
In August, US group ValueAct announced a $1.1bn stake in Morgan Stanley. Yet the notorious boardroom activist had no plans to shake up management, no beef with strategy at the investment bank. The stock, it said, was simply cheap. Mere months later an investment that had seemed brave at the time is worth $1.8bn. ValueAct’s gain is just one of the more striking examples of an extreme […]
Authored by Oliver Stone (via Facebook), THE RUSSIANS ARE COMING As 2016 draws to a close, we find ourselves a deeply unsettled nation. We’re unable to draw the lines of our national interest. Is it jobs and economy, is it national security, or is it now in our interest to ensure global security — in other words, act as the world’s policemen? As the “failing” (to quote […]
The Singapore government has invested significant resources and efforts in building up a thriving startup environment, but its inhabitants must now take risks and look beyond local shores. Jeffrey Paine, general partner at Golden Gate Ventures, believed Singapore’s startup scene had progressed well over the last six to eight years. He said a number of successful startups had grown and executed well in the region, as well […]
By John Davison | BEIRUT BEIRUT A nationwide ceasefire in Syria, brokered by Russia and Turkey which back opposing sides in the conflict, got off to a shaky start after midnight on Friday (2200 GMT on Thursday) in the latest attempt to end nearly six years of bloodshed. Russian President Vladimir Putin, a key ally of Syrian President Bashar al-Assad, announced the ceasefire on Thursday after forging […]
The two-state solution would establish an independent Palestinian state alongside Israel — two states for two peoples. In theory, this would win Israel security and allow it to retain a Jewish demographic majority (letting the country remain Jewish and democratic) while granting the Palestinians a state. Continue reading the main story Most governments and world bodies have set achievement of the two-state solution as official policy, including […]
BEIRUT The Syrian Observatory for Human Rights monitoring group said warring sides appeared to cease firing across Syria after a truce deal came into effect at midnight on Friday (2200 GMT Thursday). The British-based Observatory said there had been some shellfire around Aleppo and in an area close to the capital Damascus shortly before the ceasefire, brokered by Russia and Turkey, began. (Reporting by John Davison; Editing […]
If the loftier visions of Silicon Valley’s most ambitious internet companies turn into reality, the stratosphere is about to become a very crowded place. Amazon has joined the sky-bound dreamers with an idea that sounds like it has been drawn straight from the pages of science fiction: airship warehouses floating high above the clouds, feeding a fleet of drones that whisk purchases straight to the buyer. The […]
By Tom Hals | WILMINGTON, Del. WILMINGTON, Del. Peabody Energy Corp said on Thursday the deadline for creditors to join financing deals aimed at bringing the largest U.S. coal miner out of bankruptcy had been extended after large investors sued to slow the process. Last week, Peabody unveiled its plan to eliminate more than $5 billion of debt and raise capital from creditors with a $750 million […]
ROME Italian police have searched three houses in and around Rome, where the man suspected of killing 12 people last week at a Christmas market in Berlin may have spent time, a judicial source said on Thursday. Anis Amri, a Tunisian, first arrived in Europe by boat to the Italian island of Lampedusa in 2011, and was shot dead by police in Milan four days after the […]
