If you set out to make a positive investment case for Italy 20 years ago, the best hope was to play down the myriad structural inefficiencies that blighted the corporate sector and argue that this was a good economy burdened by an unworkable state. Now, after years of no growth accompanied by stubbornly high public debt, a positive case looks even harder to make, especially after the […]
Albaddad Capital has announced plans to expand its factory space in Dubai to 500,000 sq ft to enable growth in the production of temporary buildings and relief units. Albaddad said in a statement that it expects to triple its growth during the next five years to meet the Emirati market needs and customers’ requirements in the GCC, Africa and Middle East markets, in addition to expanding into […]
Submitted by Brian Cloughley via Strategic-Culture.org, Britain, China, France, Russia and the United States are the world’s five «nuclear weapons states», a description officially recognised in the Nuclear Non-Proliferation Treaty (NPT), which lays down that «each nuclear-weapon State Party to the Treaty undertakes not to transfer to any recipient whatsoever nuclear weapons or other nuclear explosive devices…» It is apparent that the word ‘transfer’ involves ownership and not location, […]
Submitted by Mac Slavo via SHTFPlan.com, When gold exploded to the upside earlier this year amid the biggest New Year’s stock market panic in history, we noted that the bull market had awoken. And despite arguments to the contrary from mainstream financial pundits that gold and silver were not monetary metals and nothing but historical relics, it became apparent during the Brexit vote that precious metals were the […]
Monday 14.40 GMT Overview Italy’s stock market and much of the country’s banking sector is back under pressure, as investors refine their response to the No vote in the country’s referendum on constitutional reform that led to the resignation of Prime Minister Matteo Renzi. The yield on the country’s benchmark sovereign debt yield remains higher as investors continue to sell Italian government bonds. Italy’s 10-year government debt […]
In the United States, too, I found resistance to the idea that Brexit was a harbinger of a Trump victory. I was assured over and over by liberal friends that Trump would never be president. American voters were too sensible to fall for his hateful demagogy. Trump, I was told, was a product of peculiarly American strains of populism that flare up periodically, like the anti-immigrant nativism […]
Submitted by Michael Shedlock via MishTalk.com, Axel Weber, former head of Germany’s central bank says the ECB is going to halt QE soon and hike rates by September. Weber warns Markets Unprepared for Central Bank Shifts. Investors are dangerously unprepared for a sharp rise in eurozone bond yields when US interest rates march higher and European quantitative easing ends, Axel Weber, chairman of UBS and the former […]
By Se Young Lee and Hyunjoo Jin | SEOUL SEOUL The heads of nine of South Korea’s top conglomerates controlling revenue equivalent to half the country’s economy face an unprecedented televised grilling by lawmakers on Tuesday, as the glare from a widening political scandal falls on Korea Inc. A parliamentary panel is investigating whether the so-called chaebol, which include the heavyweight Samsung and Hyundai Motor Groups, were […]
Submitted by Michael Shedlock via MishTalk.com, On the same day Matteo Renzi suffered a crushing defeat at the hands of alleged “populists” in Italy, German finance minister Wolfgang Schäuble ruled out debt relief for Greece ahead of a eurozone finance minister meeting. Schäuble says Greece Must Reform or Leave Eurozone. Greece must implement economic reforms if it is to keep its place in the eurozone, Germany’s finance […]
In late July, Moussa Aksar, the director of Niger’s L’Évènement newspaper, answered his phone and heard a familiar voice warning him that he was, once again, in danger. “Be careful,” a friendly source told Aksar. “Look out for yourself and be careful what you say on the phone.” Aksar had just published Niger’s first exposé from the Panama Papers, the investigation based on a leak of documents […]
Futuristic racing franchise Wipeout, which has been a part of the PlayStation library since the first game was launched in 1995 has been notably absent on the PlayStation 4, with the last installment in the series being Wipeout 2048 for the PlayStation Vita handheld console. When Shuhei Yoshida, the President of Sony Worldwide Studios, was asked in September last year on whether Wipeout will be making a […]
The cashless society is catching up to all of us. As SHTFPlan.com’s Mac Slavo notes, Most of Europe has shifted that way, and now India is forcing the issue. In the United States, people are being acclimated to it, and may soon find that no other option is practical in the highly-digitized online world. Once that takes hold, the banksters, bureaucrats and hackers will have total […]
On April 7, 14 large blue letters quietly disappeared from the outer walls of an office building in an exclusive neighborhood in northern San Salvador. One by one, the letters came down from the blue and beige stucco walls, leaving behind faint traces of the name of the law firm that had been working there just days before: M-O-S-S-A-C-K-F-O-N-S-E-C-A. Employees of the El Salvador branch of Mossack […]
It’s becoming an increasingly difficult chore trying to scour the App Store for decent apps given its very saturated library. A plethora of excellent apps intermingle with shovelware, and it’s often a tall order to sort the ones worthy of downloading from the ones that aren’t. A tall order, sure, but not impossible. Here’s a chief list of the best iPhone apps for 2016. Evernote Evernote has struggled […]
Dubai-based port operator DP World has announced the creation of an investment vehicle in partnership with Caisse de dépôt et placement du Québec (CDPQ), one of North America’s largest pension fund managers. The investment platform totals $3.7 billion, with DP World holding a 55 percent share and CDPQ the remaining 45 percent, the company said in a statement. The platform will invest in ports and terminals globally […]
Submitted by Robert Parry via Strategic-Culture.org, Under the cover of battling “fake news,” the mainstream U.S. news media and officialdom are taking aim at journalistic skepticism when it is directed at the pronouncements of the U.S. government and its allies. One might have hoped that the alarm about “fake news” would remind major U.S. news outlets, such as The Washington Post and The New York Times, about […]
The Samsung Galaxy S8 seems to be the blue-eyed boy of the rumor mill and the latest buzz is that the impending flagship will not sport a dual-camera setup. Previous reports have suggested that the Galaxy S8 would pack in two rear-facing cameras – a 12-megapixel one and another with a 13-megapixel resolution (with a Sony module). The news comes courtesy of a new leak from Weibo leakster Ice […]
|By Arabian Post Staff| DP World has announced the creation of an investment vehicle worth $3.7 billion in partnership with Caisse de dépôt et placement du Québec (CDPQ), one of North America’s largest pension fund managers, for investing in global port developments. DP World will hold 55% share of the partnership. The platform will invest in ports and terminals globally (excluding the UAE) across the life cycle of the […]
Günter Grass died last year, just months before the German publication of his final book. Of All That Ends was neither a late novel nor another overdue confession but, fittingly, a series of absorbing meditations on growing old, looking back and preparing to move on. Grass’s swansong now appears in English (superbly translated by Breon Mitchell), enabling a wider audience to marvel at a unique talent reflecting […]
Authored by William Blum, originally posted at Strategic-Culture.org, On November 16, at a State Department press briefing, department spokesperson John Kirby was having one of his frequent adversarial dialogues with Gayane Chichakyan, a reporter for RT (Russia Today); this time concerning U.S. charges of Russia bombing hospitals in Syria and blocking the U.N. from delivering aid to the trapped population. When Chichakyan asked for some detail about […]
Frequent tornadoes and thunderstorms that kill people and destroy property have become a matter of grave concern. In the United States alone, the insured losses caused by severe thunderstorms have been put at $8.5 billion from the period between January to June 2016. A new study has tried a linkage between climate change and the increasing incidents of tornadoes. Calling for a deeper study on some meteorological factors, […]
First, write out the numbers one to 100 in 10 rows. Cross out the one. Then circle the two, and cross out all of the multiples of two. Circle the three, and do likewise. Follow those instructions, and you’ve just completed the first three steps of an algorithm, and an incredibly ancient one. Twenty-three centuries ago, Eratosthenes was sat in the great library of Alexandria, using this […]
Ben Carson Nothing’s official yet, but Ben Carson will supposedly serve as Trump’s Housing and Urban Development secretary. In a Republican primary field of establishment politicians, Carson and Trump were consummate outsiders. The demure doctor put together an impressive small-dollar fundraising machine built on the collection of personal information from millions of supporters. Months later, the campaign reported earning quarter million dollars by selling donors personal information, […]
SANA, Yemen — The Houthi movement and its allies formed a new government in Yemen on Monday, a surprise that angered their Saudi-backed rivals and complicated United Nations efforts to end a conflict that has ravaged the Arab world’s poorest country for much of the past two years. The announcement of the new government, reported by the Houthi-run state television and Saba news agency, said it was […]
