By Julia Love and Kristina Cooke | SAN FRANCISCO SAN FRANCISCO Alphabet Inc’s Google said on Monday it is working on a policy change to prevent websites that misrepresent content from using its AdSense advertising network, a move aimed at halting the spread of “fake news” and other types of misinformation on the internet. The shift comes as Google, Facebook Inc and Twitter Inc face a backlash […]
Apple Inc (AAPL.O) is considering expanding into wearable glass headsets and has talked about the project with potential suppliers, Bloomberg reported citing people familiar with the matter. The wearable headset would show images, along with other information and may use augmented reality, according to the report. Chief Executive Tim Cook, who has been struggling with a slowdown in iPhone sales in recent quarters, said earlier this year […]
By Hugh Bronstein | BUENOS AIRES BUENOS AIRES Donald Trump’s election as U.S. president raises concern that Washington may increase the intrusiveness of domestic intelligence gathering, former U.S. spy agency contractor Edward Snowden said on Monday, warning that democratic checks and balances were losing ground to authoritarianism. Snowden lives in Moscow under an asylum deal after he leaked classified information in 2013 that triggered an international furore […]
By Ann Saphir | WICHITA FALLS, Tex. WICHITA FALLS, Tex. Markets are betting heavily that the man Americans last week elected as their next president will enact fiscal and other policies that will boost U.S. growth and inflation, but at least one U.S. central banker is pushing back. Since Republican Donald Trump was elected U.S. president last week, the 10-year Treasury yield has climbed to its highest […]
By Elias Glenn and Kevin Yao | BEIJING BEIJING China’s economy largely showed further signs of steadying in October as expected, but disappointing retail sales growth and fears of U.S. trade frictions under incoming President Donald Trump are increasingly clouding the outlook. Fixed-asset investment quickened slightly and beat expectations in January-October as the government stepped up infrastructure spending to support growth, official data showed on Monday. But […]
JEDDAH: The UAE has urged President Donald Trump’s United States to develop a stronger strategy on the Middle East, after a “disconcerting vacuum” seen during Obama years.Anwar Gargash, the country’s minister of state for foreign affairs, said that the influence of Washington in the region was “more important than ever.”“Following eight years of weakened American engagement in the region, which many feel has created a disconcerting vacuum, […]
November 14, 2016 by: Michael Hunter in London and Peter Wells in Hong Kong Monday 10.50 GMT. A conviction that a Donald Trump presidency will deliver higher inflation is dominating market sentiment, lifting world equity markets, energising the dollar and drawing investors out of government bond markets. Yields on Treasuries shot higher in Asian trading, a move that has been sustained in early London trading on Monday […]
Copper recorded its best week in five years as speculators scrambled to reverse bearish bets following the election of Donald Trump as US president, which boosted hopes for more consumption in the western world. The promise of a big infrastructure programme in the US, following a decade of reliance on China, has driven the market to reassess the outlook for copper and other industrial metals such as […]
BEIJING Volkswagen’s (VOWG_p.DE) Audi premium brand is in talks with China’s largest automaker, SAIC Motor, on a potential long-term collaboration, Audi said in a statement on Monday. Reuters reported on Saturday, citing a source familiar with the matter, that the two had signed an agreement that could pave the way for Volkswagen’s joint venture with SAIC to make Audi brand cars. Audi cars are now only made […]
Monday 02.10 GMT. The post-US election rally appears to have subsided, with Asian equities benchmarks having a mixed morning with the exception of Japan, which has been propped up by a weaker yen. Wall Street finished a strong week on a mixed note on Friday, as the S&P 500 slipped but the Dow Jones Industrial Average closed at a record high. The action on Monday is in […]
By Chris Prentice | NEW YORK NEW YORK Facebook Inc chief executive Mark Zuckerberg again rejected the idea that the social network affected the U.S. presidential election, saying late Saturday it is “extremely unlikely” news hoaxes changed the outcome. Ensnared in a string of content controversies in recent months, Facebook has insisted that it is a technology company, not a media firm. But scrutiny of the site […]
SYDNEY The U.S. dollar touched a nine-month peak in Asia on Monday as the risk of faster domestic inflation and wider budget deficits sent Treasury yields ever higher, a painful mix for assets in many emerging market countries. The dollar bounded above 107 yen in brisk morning trade to hit 107.37 JPY=, while the euro touched its lowest since January around $1.0773 EUR=. It also made a […]
Peter Thiel, the billionaire who became Donald Trump’s most prominent backer in Silicon Valley, made a critical distinction last week. He complained that the media tended to take the man literally, but not seriously. Now that Mr Trump is the president-elect of the US, everyone takes him seriously. And hence it becomes vital to work out whether we should take what he has been saying literally. After […]
Riyadh, Saudi Arabia; November 10, 2016 Consumer confidence in Kingdom of Saudi Arabia (KSA) falls at the optimism baseline as the index decreased by four points from the previous quarter, according to the latest consumer confidence report from Nielsen. The Nielsen Global Survey of Consumer Confidence and Spending Intentions recorded a Consumer Confidence Index of 100 for KSA in Q3 2016, down from 104 in Q2 2016. […]
Samsung was surrounded with a lot of debate after some of its newly launched Galaxy Note 7 phablet exploded due to faulty battery. Samsung has already announced a global recall of the Galaxy Note 7, but it seems that the Samsung phablet is not the only one that can potentially explode. GizmoChina reports that an iPhone 7 Plus exploded in China’s Yunnan province, when it hit the […]
Here are the key questions we are asking at FT Markets ahead of the first full week’s trading after the US election — with the overarching theme being the repositioning across portfolios for president-elect Donald Trump’s transition into power. Emerging markets — remission, or further pain? The prospect of a faster-growing US economy is usually good news for emerging markets. When it comes with the risk of […]
|By Arabian Post Staff| China Construction Bank today marked the listing of a $600 million bond on Nasdaq Dubai under the bank’s six billion US dollar Medium Term Note Programme. Yuan Shengrui, Senior Executive Officer of the DIFC branch of China Construction Bank (CCB), rang the market-opening bell to celebrate the listing. CCB is one of China’s most prominent banks with a market capitalisation of 173.3 billion […]
Mass resignations follow any transfer of presidential power across party lines, but Trump’s ascension to power — built in part on his “Drain the Swamp” campaign slogan — seems certain to provoke an exodus by those who have attached themselves to the Obama administration’s big foreign policy goals. Among them: last year’s international global climate change agreement; the controversial U.N.-backed deal to obstruct Iran’s acquisition of a […]
13 November 2016 Highlights Phase 1 of Dubai Parks and Resorts opened to paying visitors Phase 2 of Dubai Parks and Resorts on track with Six Flags Dubai due to open late 2019 Rebranding to DXB Entertainments completed Advertisement Raed Kajoor Al Nuaimi, Chief Executive Officer, DXB Entertainments, said, “The opening of LEGOLAND® Dubai and Riverland™ Dubai on 31 October to the public, was a great day for […]
The expansion will involve additional lines, new machineries, equipment and new laboratory for Research and Development Major expansion plan set to triple manufacturer’s production capacity in 2017 years November 13, 2016 Rubber World Industries (RWI), the leading manufacturer of closed-cell rubber insulation ‘Gulf-O-flex’ in the Gulf and South East Asia and part of the international business conglomerate, the Shaikhani Group of Companies, announced that it is […]
China Inc plans its first dollar sukuk issuance to tap a fourfold increase in Chinese funds that can invest in bonds overseas. Sichuan Development Financial Leasing Co plans to sell $300 million (Dh1.1 billion) of Islamic bonds via Singapore-based special purpose vehicle, Silk Routes Capital Pte, in December, according to sale adviser Silk Routes Financials. The deal is being done in the city-state because China doesn’t have […]
Vive, a virtual reality headset, is a product developed by HTC in partnership with Valve. It delivers one of the best virtual technologies to the world. Back in April, Taiwanese company HTC started a program called the Vive X. Under this program, HTC would support and endorse startups working on virtual reality (VR) development. The program was funded with $100 million and now the results are becoming […]
This all began in April, when Ferguson, a McDonald’s all-American, played in the Nike Hoop Summit in Portland, Ore. After the game, he said, his mother, Rachelle Holdman, delivered some unexpected news: A representative from an Australian team wanted to meet with them over dinner. Continue reading the main story At the time, neither Ferguson nor his mother knew that Australia even had a professional league. But […]
BEIJING China is greatly concerned about the European Union’s protectionist measures against Chinese steel products, the commerce ministry said on Saturday. “The Chinese side has expressed great concerns and worries about the EU’s trade protectionist tendency over steel,” the ministry said in a statement on its website. The ministry was responding to the EU’s latest decision to take temporary anti-dumping measures against imports of Chinese seamless steel […]
