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By Toby Sterling and Joshua Franklin | AMSTERDAM/ZURICH AMSTERDAM/ZURICH Swiss bank Credit Suisse (CSGN.S) has been dragged into yet more tax evasion and money laundering investigations, after a tip-off to Dutch prosecutors about tens of thousands of suspect accounts triggered raids in five countries. Coordinated raids began on Thursday in the Netherlands, Britain, Germany, France and Australia, the Dutch office for financial crimes prosecution (FIOD) said on […]

The titans of the commodities industry are daring to believe the worst is over but are braced for an increasingly uncertain outlook as “me-first” protectionist policies threaten to destabilise global trade. Those were two of the key themes to emerge from the sixth Financial Times Commodities Global Summit in Lausanne last week. The head of Cargill, the world’s biggest agricultural commodities merchant, called on the commodities industry […]

BEIRUT More than 7,000 people have escaped Islamic State control in the Tabqa area west of the Syrian city of Raqqa since last week, U.S.-backed local forces fighting the jihadists said on Friday. The Syrian Democratic Forces, an alliance of Kurdish and Arab milita fighters, has been battling Islamic State around Tabqa, nearly 40 km (25 miles) west of Raqqa city. Last week, they captured the northern […]

Rackspace CEO Taylor Rhodes: “Amazon is a tornado.” Rackspace CEO Taylor Rhodes is disarmingly honest about the ride the company has been on in recent years. This is what happens, he says, “when the world’s largest bookseller comes into your industry.” It wasn’t Amazon’s bookselling ability that caused Rackspace headaches, of course, but its cloud computing division Amazon Web Services (AWS). Rackspace started out as web hosting […]

By Isabel Coles | HASSAN SHAM CAMP, Iraq HASSAN SHAM CAMP, Iraq United Nations Secretary General Antonio Guterres on Friday called on the international community to increase aid to help people fleeing the Iraqi city of Mosul which government forces have been battling to retake from Islamic State. Iraqi forces have seized back most of the country’s second-largest city from the Sunni hardline group in a massive […]

Turkey gets Six Senses Turkey will get its first Six Senses resort on May 1, when the hotel group takes over the management of the Canyon Ranch Wellness Resort at Kaplankaya, on the country’s south-western coast. The property is situated in a wild area of the Aegean coast, a 50-minute drive from Bodrum, and has 141 guest rooms and 154 private residences. Further development will include a […]

“This is a discussion that started in a November time-frame, and we started to pursue this. We recognized what we were stepping into,” Gen. Joseph L. Votel, the commander of the United States Central Command, said in an interview Wednesday. “It was actually implemented for eastern Mosul, the whole urban environment, and frankly, as we kind of get ready for Raqqa. We are enabling our on-scene commanders […]

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31 March 2017 MARC has affirmed its AAAIS rating on TTM Sukuk Berhad’s (TTM SPV) RM600.0 million Sukuk Murabahah with a stable outlook. The outstanding sukuk amounts to RM500 million. TTM SPV is a funding vehicle for the second phase of the Trans Thailand-Malaysia project (TTM Project Phase II), consisting of two gas pipelines between the Malaysia-Thailand Joint Development Area (JDA) and the industrial city of Rayong […]

By Ingrid Melander and Johnny Cotton | PARIS/MALESHERBES, France PARIS/MALESHERBES, France A 90-minute train ride from the Gare de Lyon station in Paris traces a political gulf between big-city voters and the rest, a divide that has shaken up Britain and the United States and has an outside chance of doing the same in France’s upcoming vote. The further you go, the greater the support for the […]

The welcome From the coastal road that runs most of the length of Sharjah city, it’s not difficult to spot the new Sheraton, which dominates the skyline. Access to valet parking is up a quite narrow, steep driveway. The valets whisk luggage to the room while check-in is completed. I’m then pointed in the direction of one of two main sets of lifts. The neighbourhood About as […]

Australia’s National Broadband Network (NBN) will be outdated before the rollout is even complete thanks to the company using fibre-to-the-node (FttN) network technology, according to the Australian Capital Territory government. Speaking in a submission to the Joint Standing Committee on the National Broadband Network, the ACT government said NBN should be deploying fibre-to-the-premises (FttP) infrastructure, pointing out that this is the preferred technology in New Zealand, France, […]

The Tyrannosaurus rex is a fearsome dinosaur during prehistoric times. Now, a new dinosaur discovery suggests that the T-rex and other tyrannosaurs may have faces covered with highly sensitive scales that gave them the ability to detect the slightest changes such as the presence of a prey attempting to avoid detection. T-Rex Relative Daspletosaurus Horneri A newly discovered species of the tyrannosaur was found to have remarkably sensitive […]

By Cynthia Kim and Ju-min Park | SEOUL SEOUL A South Korean court on Friday approved a warrant to arrest ousted president Park Geun-hye, the country’s first democratically elected leader to be thrown out of office, on accusations of bribery and abuse of power. Park can be held in a cell for up to 20 days while she is investigated over allegations that she colluded with a […]

The UAE leads the region in renewable energy, according to the International Renewable Energy Agency, and is working to increase its capacity further. The country now produces 139 megawatts from renewable sources, up from 134MW in 2015 and 13MW in 2012. Renewable Energy Capacity Statistics 2017, by the agency that has its base in Abu Dhabi, also found that last year was the strongest for new renewable […]

Why Hamburg? The recent opening of Hamburg’s state-of-the-art concert hall, the Elbphilharmonie, has transformed Germany’s second biggest city from an under-the-radar destination into one of Europe’s current hotspots. And the Elbphilharmonie is only the tip of Hamburg’s vibrant music scene. There is Germany’s oldest Opera House, a concert hall dedicated to Brahms, plus dozens of live music clubs in the St Pauli neighbourhood, still going strong since […]

By Idrees Ali | WASHINGTON WASHINGTON The Pentagon on Thursday said it would soon release a video showing Islamic State militants herding civilians into a building in the Iraqi city of Mosul and then firing from it, the U.S. military’s latest response to an outcry over a separate explosion thought to have killed scores of civilians. The U.S. military has acknowledged that the U.S.-led coalition probably had […]

Your daily guide to community and cultural activities across the Emirates for March 31, 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. newslide Dubai Family fun Visit RiseDCH and enjoy a variety of activities, including Wakefit fitness today and Metallize CrossFit tomorrow, screenings of Harry […]

The Crisis in Scale Five million people is roughly equal to the population of Norway. If nearly a quarter of the United States’ population left the country, it would be as if the combined populations of California, New York and Ohio had disappeared. In addition, 6.3 million Syrians have been internally displaced by the war. Altogether, about half of all Syrians have been forced from their homes […]

On April 2 — not coincidentally the day after April Fool’s Day — we’ll celebrate the inaugural International Fact-Checking Day. The initiative is a collaboration by fact-checkers and journalism organizations from around the world, with a goal to enlist the public in the fight against misinformation in all its forms. On the website of the initiative, you will find: A lesson plan on the basics of fact-checking […]

We have been hearing President Rodrigo Duterte raising the alarm bells anew over alleged narco-politicians linked to the illegal drug trade down to the barangay level. President Duterte fears this pervasive problem will remain unabated if the elections of barangay and Sangguniang Kabataan (SK) will be held as scheduled this coming October 23. So again, the President suggested another postponement of the barangay and SK elections.  “Narco-politics […]

The food tour has become one of the great tourism successes of the last decade, and most major cities have some sort of walk and taste tour available. These tours are also diversifying – concentrating on specific cuisines and honing in on certain neighbourhoods. It’s this delving-beyond-the-staple citybreak diet that makes such tours worth their while – and not just as a chance to explore the local […]

JPMorgan is in talks to buy a new building in Dublin, but has told London staff it will not “rush into any decisions” on how it will adjust its operations after Brexit.  Bloomberg reported that the US bank was in talks to buy a 130,000 sq ft office in the centre of the Irish capital which could accommodate about 1,000 people. The bank declined to comment. The news […]

CAPE TOWN, South Africa, March 30, 2017 The award-winning African Utility Week (www.African-Utility-Week.com ), taking place from 16-18 May in Cape Town, will showcase how the continent is coming up with innovative, home-grown solutions to its energy and water challenges and how these are creating exciting and lucrative opportunities for utilities and industry suppliers alike. Experts from respected partners in the industry such as the World Bank, […]

The best reporters learn how the world works, whether it’s the world of law enforcement, the laboratory, the zoning commission, the city council or the corporate boardroom. One of the best ways to provide excellent coverage is to focus your efforts. Here’s a checklist to help you think critically about how your spend your time: Enterprise Story Ideas: What are some investigative opportunities? What are some feature […]

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