The third Dubai Week in China, an event to promote and catalyse economic development and cultural exchange, will take place in Shenzhen, located in Southern China, later this year. The announcement was made by Falcon and Associates, a strategic advisory company that works for the Dubai leadership and initiated Dubai Week in China. Following the success of Dubai Week in China in Beijing (2015) and Shanghai (2016), […]
Emerging from an Hermès store in Shanghai with a shiny new watch costing “tens of thousands” of renminbi, Zhao Feifei is emblematic of a younger generation of Chinese consumers driving a rebound in sales of European luxury brands. “I’m earning more than before so I’m more willing to spend,” says Ms Zhao, who works in an internet finance company. The 30-year-old is one of the many customers […]
By Michelle Nichols and Lesley Wroughton | UNITED NATIONS UNITED NATIONS U.S. Secretary of State Rex Tillerson warned on Friday that failure to curb North Korea’s nuclear and ballistic missile programs could lead to ‘catastrophic consequences,’ while China and Russia rebuked Washington’s threat of military force. The showdown in a meeting of the U.N. Security Council on North Korea highlighted the diplomatic challenges of resolving tensions over […]
By Nobuhiro Kubo | SASEBO SASEBO As tension spikes on the Korean peninsula, a French amphibious assault carrier sailed into Japan’s naval base of Sasebo on Saturday ahead of drills that risk upsetting China, which faces U.S. pressure to rein in North Korea’s arms programmes. The Mistral will lead exercises next month near Guam, along with forces from Japan, the United States and Britain, practicing amphibious landings […]
Donald Trump plans to end or renegotiate any trade deal that does not increase US economic growth, reduce the US trade deficit or contribute to higher US wages, according to a leaked draft of an executive order obtained by the Financial Times. The draft of the order Mr Trump had been planning to sign on Saturday before his high-profile U-turn this week calls for US officials to […]
By Manuel Mogato | MANILA MANILA Southeast Asian countries have altered a statement to be issued at Saturday’s ASEAN summit to include references to militarization and island-building in the South China Sea, the latest draft shows, in a move likely to frustrate Beijing. Chinese embassy representatives in Manila had sought to influence the content of the communique by lobbying Philippine officials, two ASEAN diplomatic sources told Reuters. […]
North Korea tested a ballistic missile on Saturday morning local time, in a provocative move that came just hours after Rex Tillerson, US secretary of state, called on UN member states to impose “painful” sanctions on the regime in Pyongyang. US Pacific Command, which oversees US forces in Asia, said North Korea launched a missile at 5.03am local time on Saturday from a location near Pukchang airfield, […]
By Jack Kim and Michelle Nichols | SEOUL/UNITED NATIONS SEOUL/UNITED NATIONS North Korea unsuccessfully test-fired a ballistic missile on Saturday from a region north of its capital, Pyongyang, South Korea’s military said, defying intense pressure from the United States and the reclusive state’s main ally, China. The test came as U.S. Secretary of State Rex Tillerson warned the United Nations Security Council that failure to curb North […]
Nobody should ever attempt to judge an investment over a period of just 100 days. It is far too short a time to assess the quality of performance and far too prone to random effects. And in any case, most of us need results over very much more than 100 days. It is therefore a little random to be judging the Trump presidency’s impact on investors after […]
Your daily guide to community and cultural activities across the Emirates for April 28, 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 Ajman Theatre See the final […]
The Abu Dhabi International Book Fair continues this weekend with over 50 sessions ranging from panel discussions, In Conversation sessions and book signings. Emirati authors Reem Kamali and novelist Lulwah Al Mansouri will lead the Friday session, The Emirati Narrative Scene: The Rise of the Feminine Voice, at the Al Multaqa Literary Salon at 7.30pm. The duo will shed light on the how the female protagonist has […]
Emerging market equities have been the darling asset class de jour in 2017, mainly in Asia and Latin America, despite the March FOMC rate hike, a US Dollar Index at or above 100 and a mini-swoon in crude oil after a Saudi-Russian output cut spat. Earnings growth (India/Thailand) a stabilized currency (China), policy reforms (India, Brazil, Indonesia) local interest rate cuts (Brazil) and lower US protectionist policies […]
WASHINGTON U.S. President Donald Trump on Thursday spurned the Taiwanese president’s suggestion that the two leaders hold another phone call, saying he did not want to create problems for Chinese President Xi Jinping when Beijing appears to be helping efforts to rein in North Korea. In a White House interview, Trump brushed aside the idea after Taiwanese President Tsai Ing-wen told Reuters on Thursday she would not […]
Short-term borrowing costs in China have climbed to their highest level in two years as comments from President Xi Jinping fan investor expectations that a “regulatory windstorm” is part of a broader crackdown on the financial sector. China’s premier on Thursday described finance as the “core of a modern economy”, according to state news agency Xinhua, adding that “accurate judgment of potential financial risks serves as a […]
WASHINGTON U.S. President Donald Trump told Reuters on Thursday he will either renegotiate or terminate what he called a “horrible” free trade deal with South Korea and said Seoul should pay for a U.S. anti-missile system that he priced at $1 billion. In an interview with Reuters, Trump called the five-year-old trade pact with South Korea “unacceptable” and said it would be targeted for renegotiation after his […]
April 28, 2017 by: Hudson Lockett in Hong Kong Friday 05.00 BST Overview Equities fell on Friday in Asia as the region’s markets took their cues from an underwhelming session on Wall Street, while currencies pared earlier rises amid mixed signals on the future of Nafta. Hot topic Asia-Pacific equities were choppy after Wall Street investors on Thursday digested the prospects of the Trump administration’s proposed tax […]
By Jennifer Ablan and Stephen Nellis | NEW YORK/SAN FRANCISCO NEW YORK/SAN FRANCISCO Growing tensions with North Korea should worry global electronics firms such as Apple Inc as they source key parts from South Korea, but investors are brushing off such concerns and snapping up shares in key exporters, heartened by robust earnings and big investment plans. U.S. President Donald Trump said on Thursday in an interview […]
Drone maker DJI has issued a software update intended to frustrate Isis terrorists who have been using low-cost “quadcopters” to drop improvised bombs in Syria and Iraq. The move to create new “no fly zones” for its products across Iraq and Syria is DJI’s first admission, albeit a tacit one, that its products have been commandeered by terrorists. It is also the latest sign of tension between […]
WASHINGTON President Donald Trump complained on Thursday that the United States was being unfairly treated in the Paris Climate Agreement and told Reuters he would announce a decision in about two weeks on whether Washington would remain in the accord. The Republican Trump, elected in November, had vowed during his campaign to withdraw from the Paris accord within 100 days of becoming president, part of a broader […]
WASHINGTON U.S. President Donald Trump said on Thursday a major conflict with North Korea is possible in the standoff over its nuclear and missile programs, but he would prefer a diplomatic outcome to the dispute. “There is a chance that we could end up having a major, major conflict with North Korea. Absolutely,” Trump told Reuters in an Oval Office interview ahead of his 100th day in […]
Two acclaimed authors made an appearance on the second day of the Abu Dhabi International Book Fair. Held at Abu Dhabi National Exhibition Centre (Adnec) until May 2, the 27th edition of the event welcomed Abbas Beydoun, author of The Autumn of Innocence, on Thursday. The first prize winner of the Sheikh Zayed Book Award in the literature category, the novel’s theme of tyranny was discussed at […]
Qatar Airways grows route network This week Qatar Airways announced 12 new flight routes for 2018. The Doha-based airline will launch services to San Francisco next year, as well as Cardiff in Wales, Utapao in Thailand, Chittagong in Bangladesh, Mykonos in Greece, Málaga in Spain, Accra in Ghana, Lisbon in Portugal, Abidjan in Ivory Coast, Prague in the Czech Republic, Kiev in Ukraine and Mombasa in Kenya. […]
The malware code contains references to Felis and Mus — Latin for ‘cat’ and ‘mouse’. Image: Getty Images/iStockphoto A sophisticated form of Trojan malware allows its highly-skilled creators to secretly take over an infected system — and it comes with self-updating capabilities that enable it to strengthen itself, fix bugs, or change what it looks like in order evade detection. Once it has infected a system, the […]
MANILA, Philippines — The Republic of the Philippines and Brunei Darussalam issued a joint statement following the state visit of Prime Minister Hassanal Bolkiah to Manila. Bolkiah is also in the country to attend the 30th Association of Southeast Asian Nations Summit at the Philippine International Convention Center on Saturday. Read the full statement below. 1. At the invitation of the President of the Republic of the Philippines […]
