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UAE crews sustain coastal oil removal as beaches reopen // LANDMARK Presents ‘Destination CENTRAL’: A District-Wide Celebration Inviting Global Travellers to Explore the Dynamism, Luxury, and Soul of Central // ONYX Hospitality Group Unveils Plans for Amari Samui Resort and Villas, Elevating Its Premium Resort Offering on Koh Samui // Wizz Air half-year earnings sink as fuel costs surge // Musk expresses willingness to recruit Nvidia chief Huang // MG Motor presents four electrified vehicles at Dubai exhibition // High Court orders scrutiny of Thachankary hospitalisation // Uforce reaches $6 billion valuation with British backing // DP World transports million containers through UAE corridors // Ajman University MBA climbs to joint 13th regionally // U.S. Democratic Leadership Starts Dialogue With Progressive Bloc For Joint Strategy // Court reinstates Police association rejig order // Saudi fund assets forecast to cross $400 billion // Yicura BioMed Advances Dual Capital and Industrial Strategy： Completes First Closing of Series B Financing Led by Gobi Partners // Fujairah highway pile-up leaves 14 dead and 30 injured // How A Newly Elected Democratic Congress Could Reshape US–India Relations? // Crescent Enterprises venture arm funds Oyster Therapeutics development // Turkish Airlines adds Chengdu to mainland China services // L’OCCITANE Celebrates 50 Years Of Provençal Craftsmanship With Holiday 2026 Collection // December Is the Last Window for $800,000 U.S. Residency Investment //

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In 2001, “Frontline” aired a documentary by investigative reporting legend Lowell Bergman. The movie, which chronicled the new cowboys of “Energy Alley,” contained never-before-seen interviews with Enron CEO Jeffrey Skilling and other players in the energy scandal. It was compelling footage. After Enron imploded, filmmaker Alex Gibney bought the video from PBS and used some of it in his 2005 documentary about the scandal, “The Smartest Guys […]

US President Donald Trump said the federal government needed a shutdown this autumn to fix what he called a “mess” in the wake of a Congressional deal that ignored key elements of his budget requests.  Taking to Twitter to express his irritation over an agreement sealed on Sunday between the two parties that contained no funding for his border wall, Mr Trump complained that the Republicans had inadequate […]

As was widely expected, on Tuesday Italy’s national carrier Alitalia filed for its second bankruptcy in 9 years, after its board decided to formally ask the ministry of economic development to put the money-losing carrier, the partly owned by UAE’s Etihad Airlines, under special administration after workers rejected its latest rescue plan meant to unlock much-needed financing. As discussed previously, a majority of the company’s workers last […]

Organisers of a music festival in The Bahamas that was billed as a luxury getaway but collapsed in chaos have been hit with a $100 million (Dh367 million) lawsuit alleging fraud. The Fyre Festival was aborted Friday after hundreds of partygoers — with some paying more than $100,000 per person — arrived only to find relief-camp style tents and rudimentary sandwiches rather than the promised lavish experience. […]

By Ahmed Aboulenein | MOSUL, Iraq MOSUL, Iraq Ahmed Abdelsattar was 14 when Islamic State swept into Mosul and declared a caliphate in 2014. Fearing he would be indoctrinated and sent to fight by the militants, his parents took him out of school. Three years later, he sells ice cream at a refugee camp for internally displaced Iraqis. His family have lost their home and his father […]

Authored by Michael Snyder via The Economic Collapse blog, Should we make homelessness against the law and simply throw all homeless people into prison so that we don’t have to deal with them?  Incredibly, this is actually starting to happen in dozens of major cities all across the United States.  It may be difficult to believe, but in many large urban areas today, if you are found […]

(Image: stock photo) If something seems too good to be true, it probably is. In the cybersecurity world, if something is said to be “unhackable” or provides “absolute security,” you should run for the hills, because — spoiler alert — there is no such thing as “absolute” security. Anyone who tells you otherwise is stupid enough not to know, or smart enough to try to lie. Enter […]

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DOHA The Palestinian Islamist group Hamas will drop its long-standing call for Israel’s destruction as well as its association with the Muslim Brotherhood in a new policy document to be issued on Monday, Gulf Arab sources said. Hamas’s move appears aimed at improving relations with the West, Gulf Arab states and Egypt, which label the Brotherhood as a terrorist organisation. Many Western countries classify Hamas as a […]

Many discussions of digital transformation focus on marketing metrics such as page views, clicks, and even mentions in the press. Although marketing is important, this limited and unsophisticated view ignores underlying issues such as improving business speed, agility, and responsiveness to customers. Only by rethinking business models can we meaningfully gain benefit from digital transformation in departments across the company including operations, supply chain, manufacturing, and customer […]

LONDON British Prime Minister Theresa May pledged to protect workers against irresponsible practices over pensions on Sunday, promising new regulations on how schemes are handled during corporate takeovers. May’s Conservative party will give regulators power to examine takeover proposals that threaten the solvency of a company pension scheme, and the regulator could be empowered to block takeovers if it is not satisfied with the arrangements. May set […]

Organisers of a music festival in The Bahamas that was billed as a luxury getaway but collapsed in chaos promised refunds on Saturday – and said they would try again next year. The Fyre Festival was abruptly aborted Friday after hundreds of party-goers – who had paid for tickets costing up to $12,000 (Dh44075) and VIP packages that rose to $250,000 – arrived only to be welcomed […]

ALOR STAR: Kedah Mentri Besar Datuk Seri Ahmad Bashah Md Hanipah today visited the victim of a freak storm that blew away a tent during the 63rd PAS Muktamar on Saturday night. Ahmad Bashah met the victim during his visit to the Sultanah Bahiyah Hospital (HSB) for his routine checkup. “Since I am here and I heard about what happened last night, I decided to visit the […]

Authored by Jeffrey Snider via Alhambra Investment Partners, Back on March 10, the New York Fed’s attempt at real-time GDP forecasting predicted that the Q1 2017 estimate would be 3.2%. That would have qualified as another decent quarter, the second out of the past three and somewhat in keeping with “reflation.” As we know today, the advance figure calculated by the Commerce Department amounted to just 0.69% […]

By Giselda Vagnoni and Agnieszka Flak | ROME/MILAN ROME/MILAN Italians are watching their flag carrier Alitalia go into yet another financial tailspin, and a growing number of them believe it would be better for the country if it crashed. Outraged at repeated state bailouts that have cost taxpayers more than 7 billion euros ($7.62 billion) over a decade, many Italians are taking to social media to urge […]

Etihad Airways plans to stand by Air Berlin even after its German partner reported soaring operating losses as a strategic overhaul struggled to gain traction. Germany’s second-largest carrier is shedding tourism and point-to-point operations, shrinking its fleet by half to transform itself into a network airline. The process contributed to pushing the operating loss to 667 million euros ($739 million) last year, more than twice the 2015 […]

Of 35 bridge collapses analyzed, floods caused 13, erosion of sediments around bridge foundations — scour — caused 16, a hurricane caused 1 and other influences (such as waterborne or hydraulic debris) caused 5. Superimposed H denotes sites where a hurricane or tropical storm occurred and may have influenced bridge collapse. Area of circles is proportional to drainage area of bridge sites. Credit: Flint, et al. The […]

When the Nasdaq Composite index first spent two days above the 5,000 mark, it signalled the last gasp of a spectacular bull market. Confidence in internet companies’ power to change the world and mint fortunes was about to collapse. Seventeen years later the market has hit a milestone of 6,000, part of a run of record highs for global equity markets. While stocks have again been rising […]

Our round-up of the best comment and analysis from the Financial Times during the week focuses on US corporate earnings, eurozone interest rates and the future of US economic reforms. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. The FT’s John Authers says US corporate earnings have reached a turning point — the earnings recession that […]

‘Demagogic’ populism does not help cause of peace. The pope invoked Egypt’s “glorious history” as an ancient cradle of civilization to argue on Friday that the delivery of a more peaceful future required a new civility that appreciated differences, resisted the violent path of close-minded absolutism and condemned extremists who camouflage terror in religious language. Continue reading the main story “An education in respectful openness and sincere […]

Volatility index collapses as Trump unveils tax cuts and French election concerns ease Source link

Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. When Barack Obama was vacationing recently with Bruce Springsteen, Tom Hanks and Oprah Winfrey aboard a $300 million yacht in Tahiti, one wonders if he ever hummed Springsteen’s “All Or Nothin’ At All.” At the moment, it seems like he […]

JERUSALEM Israel intends to build 15,000 new settlement homes in East Jerusalem, the Housing Ministry said on Friday despite U.S. President Donald Trump’s request to “hold back” on settlements as part of a possible new push for Israeli-Palestinian peace. A formal announcement of the settlement plan, quickly condemned by the chief Palestinian negotiator, could come around the time Trump is scheduled to visit Israel next month. Israel […]

GENEVA El Nino weather conditions associated with droughts and flooding have a 50-60 percent probability of returning this year, the U.N. World Meteorological Organization (WMO) said on Friday, revising its view from two months ago. “Sea surface temperatures in the far eastern tropical Pacific Ocean increased to 2.0° Celsius or more above average during February and March, creating very heavy rainfall and a trade wind collapse from […]

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 […]

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Just in:
Electric and hybrid interest rises at Sharjah car market // Valarmathi restarts fast as teachers defy police // Ration dealers seek GPS aided grain deliveries // UAE crews sustain coastal oil removal as beaches reopen // How A Newly Elected Democratic Congress Could Reshape US–India Relations? // High Court orders scrutiny of Thachankary hospitalisation // Nvidia appoints Colette Kress interim chief after Huang departure // From Dubai to the EU: how UAE-based crypto firms can expand under MiCA // Saudi fund assets forecast to cross $400 billion // Uforce reaches $6 billion valuation with British backing // Fujairah highway pile-up leaves 14 dead and 30 injured // MG Motor presents four electrified vehicles at Dubai exhibition // ONYX Hospitality Group Unveils Plans for Amari Samui Resort and Villas, Elevating Its Premium Resort Offering on Koh Samui // Modi ally flags youth opportunities gap despite growth // Forged court directives trigger probe into website blocking // EBANX and Eneba strengthen partnership in Latin America with 138% YoY growth in payment volume // Wizz Air half-year earnings sink as fuel costs surge // Musk expresses willingness to recruit Nvidia chief Huang // U.S. Democratic Leadership Starts Dialogue With Progressive Bloc For Joint Strategy // Crescent Enterprises venture arm funds Oyster Therapeutics development //