Did the Russians really rig the 2016 US election? The Daily Telegraph’s Tim Blair exposes ‘the truth’ – You bet they did! Secret documents recently discovered in a bin behind a Kremlin-district 24-hour cabbage and tobacco store reveal for the first time the devious extent of Russian interference. These plans were decades in the making. Read on, as never-before-seen communiques between Russian agents Sergei Potrov and Dimitri […]
By Makiko Yamazaki | TOKYO TOKYO Toshiba Corp (6502.T) said on Tuesday it was considering booking a goodwill impairment loss of several hundreds of billion yen on a U.S. nuclear power acquisition made by its Westinghouse division, sending its stock plunging 10 percent. The loss would deal a yet another heavy blow to a sprawling conglomerate hoping to recover from a $1.3 billion accounting scandal last year. […]
Stacie Overton Johnson and Adam Workman pick their favourite restaurants of the year, based on great decor and ambience as well as fabulous food. • Reviewed meals are paid for by The National and conducted incognito. Contact the restaurants as prices may have changed since our original reviews newslide Abu Dhabi Butcher & Still Very few of us will ever be cool enough to recreate the Al […]
The European Central Bank has said that Monte dei Paschi di Siena’s capital shortfall has risen to €8.8bn from €5bn, significantly increasing the price tag of the rescue of Italy’s third-largest lender by the government. In a statement released late on Monday, MPS also revealed that the ECB had warned that the bank’s liquidity had suffered a “rapid deterioration” over the past month, as it tried in […]
The Sunday Times of Malta’s cartoonist Steve Bonello picked this effort as his favourite cartoon of the year. “The Panama Papers had not been published by that date (March 13), but it was what all of Malta was talking about, with the government pedalling hard to shift the focus on its three years of achievements,” Mr Bonello said in explaining his choice. It is indeed a remarkable […]
By Jeffrey Heller | JERUSALEM JERUSALEM Benjamin Netanyahu has been unrelenting in his criticism of the Obama administration over what he condemned as its “shameful” decision not to veto a U.N. Security Council resolution calling for a halt to Israeli settlement-building. But with the clock ticking down on Barack Obama’s presidency, a possibly more amenable Republican Donald Trump waiting in the wings and a $38 billion U.S. […]
Dubai, 26 December, 2016, UAE Ajman Free Zone (AFZ) signed an investor partnership agreement with Dubai Quality Group (DQG) to activate fruitful cooperation between both parties to foster quality, business excellence, and innovation in the workplace. The signing ceremony was attended by senior officials from both the organizations. The delegation from DQG was headed by Eng. Ahmed Al Mulla, Vice Chairman of DQG, who presented the Certificate […]
MILAN The European Central Bank has told Monte dei Paschi it needs to plug a capital shortfall of 8.8 billion euros ($9.2 billion), higher than a previous 5 billion euro gap estimated by the bank, the lender said on Monday, confirming what sources told Reuters. Last Friday the Italian government approved a decree to bail out Monte dei Paschi (BMPS.MI) after Italy’s No. 3 lender failed to […]
Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, speaks to members of Abu Dhabi Media’s management and board during a Sea Palace barza in the capital on Monday, including Dr Ali bin Tamim, centre left, who Sheikh Mohammed recently appointed director-general of Abu Dhabi Media. Hamad Al Kaabi / Crown Prince Court – Abu Dhabi The National
December 26, 2016 by: Joanna S Kao in New York Last week ‘Dear Evan Hansen’ became the seventh new Broadway show of 2016 to pull in more than $1m at the box office in a single week, at the end of a year in which New York’s theatre takings have so far been roughly flat at $1.34bn. Rising ticket prices and better models for variable pricing have made […]
MANILA A typhoon weakened as it cut across the Philippines on Monday after bringing down trees and power lines, and authorities warned of flash floods and mudslides although casualties were few with police reporting only two deaths. Typhoon Nock-ten’s wind speed eased to 130 kph (80 mph) as it headed west toward the South China Sea, passing through provinces south of the capital Manila at a speed […]
FRANKFURT European Central Bank policymaker Jens Weidmann said plans for a state bailout of Italian bank Monte dei Paschi di Siena (BMPS.MI) should be weighed carefully as many questions remain to be answered, according to German newspaper Bild. “For the measures planned by the Italian government the bank has to be financially healthy at its core. The money cannot be used to cover losses that are already […]
One may assume the life of a member of a Royal Family is easy, right? After all, members receive the “royal treatment” all year long. But the truth is royal families are just like all our families. Their lives can include controversy, scandal and some drama. And this year was no different. Whether it was relationship rumours, links to the Panama Papers scandal, tax fraud trials or […]
It is easy to forget there was a time in the UAE before big concerts such as Coldplay’s New Year’s Eve performance that will rock du Arena on Saturday night. That major shows put on by world-class acts such as The Rolling Stones, Paul McCartney, Rihanna and Justin Timberlake were not always the norm in the UAE. The country has become such a regional entertainment hub in […]
Well before India’s surprise ban on using 86 per cent of its cash supply, rightwing circles were abuzz with speculation about prime minister Narendra Modi taking such a step to fight so-called black money. Mainstream economists paid little heed to the chatter — deeming it “too preposterous” to take seriously, given the economic damage it would inflict. But with India now reeling from the acute cash crunch triggered […]
Kuwait, 26 December 2016 Kuwait Financial Centre “Markaz” and Gulf Bank announced in a joint statement the successful completion of “Markaz” 5 years bond issue with a nominal value of 25 Million Kuwaiti Dinar, which was oversubscribed. This extensive demand reflects the investors’ trust in “Markaz”, the quality of the issue, and the high creditworthiness of “Markaz,” in addition to the effectiveness of the joint distribution efforts […]
MILAN/LONDON On the morning of July 29, former Italian Industry Minister Corrado Passera was traveling in a high-speed train toward the medieval city of Siena, racing to meet the directors of the world’s oldest bank to present them with a rescue plan. Monte dei Paschi di Siena, Italy’s third-largest lender, was destined to be wound down within months unless it could raise billions of euros and pull […]
ABU DHABI // Parking in the capital will be free all day on New Year’s Day. Residents can park for free from midnight on Sunday, January 1 until 8am on Monday, January 2. New Year’s Day will be a holiday for all federal ministries and departments, as well as the private sector. Official work will resume on Monday, January 2, it was announced last week. The Integrated […]
Over the past year, technology and ‘sharing economy’ start-ups have continued their disruption of traditional industries — from Uber and other ride hailers’ shake-up of the taxi market to Airbnb’s myriad alternatives to conventional hotel stays. But which will be the next businesses to be challenged by further digitisation and automation? FT correspondents have looked ahead five to 10 years to identify those industry sectors and companies […]
JERUSALEM: In the days following the UN Security Council’s resolution affirming the illegality of Israeli settlements, it is business as usual as the Jerusalem municipality is expected to approve about 5,600 more homes.Israeli officials acknowledged that the move to expand the settlements in East Jerusalem was a direct response to the Security Council Resolution 2334 that was approved by 14 countries — Britain, Russia, China, France, Egypt […]
By David Stanway | SHANGHAI SHANGHAI The heavily polluted northern Chinese province of Hebei said it will learn lessons from the smog that engulfed the region last week and step up its clean-up efforts, while the country’s Supreme Court vowed to crack down harder on polluters. Hebei, which surrounds Beijing and was home to seven of China’s 10 smoggiest cities last year, has been on the front […]
Dubai’s Shuaa Capital bought 14 percent of Bahrain’s Khaleeji Commercial Bank on Sunday for 9.6 million dinars ($25 million) and said it would use the stake to support the bank’s expansion. The Dubai-listed investment bank purchased the stake from Alimtiaz Investment Group for 0.065 dinar per share, acquiring 147.1 million shares in a special auction, the Bahraini bourse said. KHCB is an Islamic retail bank with assets […]
ABU DHABI // As Typhoon Nock-Ten struck the Philippines on Sunday, UAE residents voiced fears for relatives in their home country. Officials there warned 2.5-metre high waves and landslides posed the biggest threats as typhoon Nock-Ten, known locally as Nina, closed in on the Bicol peninsula and nearby islands. “It’s Christmas Day and we’re finding it hard to celebrate until we are assured of our family’s safety […]
China’s land ministry will automatically renew residential leases set to expire next year, temporarily dispelling homeowners’ concerns about an erosion of their property rights. In an announcement at the weekend, the land ministry said that 20-year residential property leases in the eastern city of Wenzhou would be automatically extended without charge, ending speculation that homeowners would face steep renewal fees equivalent to one-third of their property’s value. Ever […]
