President Donald Trump’s top economic team unveiled what they called the biggest tax cut in US history, proposing a sharp reduction in corporate taxes and a simplification of individual rates they said would unleash economic growth. Steven Mnuchin, the Treasury secretary, said the proposal would slash corporate taxes from 35 per cent to 15 per cent and include a “one-time” cut-rate tax to induce companies to repatriate […]
Moments ago the House Freedom Caucus announced their support for a revised version of an Obamacare replacement bill that includes the so-called “MacArthur Amendment.” Here is the official statement from Freedom Caucus Chair Mark Meadows: “Over the past couple of months, House conservatives have worked tirelessly to improve the American Health Care Act (AHCA) to make it better for the American people. Due to improvements to the […]
ROME The anti-establishment 5-Star Movement, already Italy’s most popular party, is stealing a march on its divided rivals by drawing up its policy programme a year ahead of elections. With the ruling centre-left Democratic Party embroiled in a bruising leadership battle and centre-right parties unable to agree on a leader, opinion polls give 5-Star a growing lead, which one pollster last week put as high as 8 […]
Microsoft began rolling out the Windows 10 Mobile version of its Creators Update release at the end of the day Pacific Time on April 25. The RTM (“release to mainstream,” if you’re not a fan of “release to manufacturing”) version of the OS for Windows Phones is 15063.251. (The RTM for Windows 10 Creators Update for PCs also was 15063.) As Microsoft acknowledged recently, only about a […]
‘Dubai Expert’ announced a first-of-its-kind destination travel trade training programme that will be rolled out to travel agents from around the world 26 April 2017 Dubai, UAE – Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism), has announced the launch of “Dubai Expert”, an innovative online educational game that has been created exclusively for travel agents. The announcement was made to travel professionals attending this year’s […]
No president likes being judged on his first hundred days in office, not least Donald Trump. It is, he tweeted last week, a “ridiculous standard” by which to be measured, even though he also claimed to have accomplished “a lot”. With his 100th day in the White House falling on Saturday, investors have more nuanced ideas. For much of 2017 financial markets have doubted the global “Trump […]
Modest dress is enjoying a renaissance. Fashion brands are increasingly embracing the long-held view shared by those in region that style does not have to equate to revealing a lot of flesh. Building on the foundations of sensuality over sexuality, and demure over décolletage, the West is finally catching up with the Middle East in terms of tasteful dressing. Women in the Middle East have long expressed […]
With little macro data overnight (aside from a modestly disappointing Australian CPI print), offset by an ongoing of corporate profits (this is the single busiest week for corporate earnings in more than 10 years), today everyone’s attention will be focused on three things to come out of Washington: taxes, healthcare, spending. And while we did our best to summarize what is known and unknown last night, this […]
It’s taken the new chief executive of the London Metal Exchange Matthew Chamberlain four years to understand the complexity of the 140-year-old bourse. Now he’s on a mission to simplify it. Days after his appointment was announced by the LME’s parent Hong Kong Exchanges and Clearing the 35-year-old former investment banker has outlined his vision to attract more customers and protect London’s place as the centre of […]
Credit Suisse has launched a SFr4bn ($4bn) share issue and said it will abandon plans to list its Swiss division in an attempt to draw a line under capital fears that have dogged the bank since chief executive Tidjane Thiam took over two years ago. Investors expected the bank’s quarterly earnings on Wednesday to feature only limited news on its much-anticipated capital plans since it is not […]
Authored by Gaius Publius via Down With Tyranny blog, “We don’t want a unified Korean peninsula … We [also] don’t want the North Koreans to cause more trouble than the system can absorb.” —Hillary Clinton, 2013, speech to Goldman Sachs Our policy toward North Korea is not what most people think it is. We don’t want the North Koreans to go away. In fact, we like them […]
Ontario capital Toronto. The province is hosting the first major universal basic income test in North America in 30 years.Image: carlo allegri/getty images By Patrick Kulp2017-04-26 01:15:48 UTC Thousands of randomly chosen Canadians may soon receive free checks in the mail. The province of Ontario just announced that a major trial run of a universal basic income program could begin as early as this summer. Universal basic […]
ANKARA Turkey will not wait at Europe’s door forever and is ready to walk away from EU accession talks if rising Islamophobia and hostility from some member states persist, President Tayyip Erdogan told Reuters in a wide-ranging interview on Tuesday. Speaking at the presidential palace less than two weeks after winning sweeping new powers in a referendum, a relaxed Erdogan said a decision by a leading European […]
Oil traders banking on a sustained market recovery in 2017 are growing impatient. As the price of Brent crude falls towards $50 a barrel, Opec, energy analysts and some of the most powerful banks in the commodities sector are urging traders to maintain their composure. After a production cut deal between the cartel and rivals such as Russia was agreed late last year, prices began 2017 $10 […]
Your daily guide to community and cultural activities across the Emirates for April 26, 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 Dubai Performance Get tickets now […]
Several months ago, when it was still conventional wisdom that Trump wanted to replace Janet Yellen – at least until Trump’s famous WSJ interview in which he flipped on this and various other issues – with a hawk once her turn runs out in 2018, the financial punditry was busy coming up with potential replacement names, a practice which gradually faded away once it emerged that Trump […]
Google on Tuesday announced changes to how it delivers and ranks internet searches, the latest effort by the tech giant to weed out “fake news” and offensive content. The new initiative includes tweaks to the algorithm used by Google to deliver search results, while offering users more options to flag inappropriate content, including for “autocomplete,” or the suggestions Google makes while someone is typing a search query. […]
BAGHDAD: A senior military commander says Iraqi troops have driven out Daesh militants from the largest neighborhood in the western half of the city of Mosul.Special forces Lt. Gen. Abdul-Wahab al-Saadi told The Associated Press on Tuesday that the sprawling al-Tanek neighborhood “is fully liberated and under full control” of the security forces. Al-Saadi didn’t provide more details.Taking sprawling al-Tanek on the city’s westernmost edge is a […]
Waymo CEO John Krafcik at the 2017 North American International Auto Show in Detroit, Michigan in January Alphabet’s self-driving car unit Waymo is offering free rides to residents in Arizona as part of its testing of autonomous vehicles. The former Google car division, which has been rebranded as Waymo, announced in a blog post late Monday it was taking applications to be part of its “early rider” […]
Authored by Zainab Calcuttawala via OilPrice.com, Alberta Premier Rachel Notley warned U.S. President Donald Trump that he would face the wrath of the northern nation’s many allies if the freshman president begins employing energy trade restrictions with Canada. Notley is currently in China, negotiating her country’s trade policies with the Asian giant. She told reporters that she did not know what was meant by Trump’s comments about […]
A demo booth at Facebook’s annual F8 developer conference, Tuesday, April 18, 2017. CEO Mark Zuckerberg addressed recent violence on Facebook at the conference.(Photo: AP Photo/Noah Berger) SAN FRANCISCO — A distraught father in Thailand killed his 11-month-old child on Facebook Live, the latest in a string of disturbing incidents including suicide, torture and sexual assault that have reached millions on the live-streaming service, raising questions about Facebook’s […]
AT&T was set to acquire Straight Path — and its valuable portfolio of mmWave spectrum — in a deal valued at $1.6 billion, but Straight Path announced Tuesday that it has received a “Superior Proposal” from another multi-national telecommunications company. The new bidder made an “unsolicited offer” to acquire all issued and outstanding shares of Straight Path for $104.64 a share, in an all-stock transaction valued at […]
A new report from South Korea claims that Samsung is working on a smartphone display that will be curved not just at the sides, but also at the top and bottom. Such a display will be a further improvement on the screen of the company’s recently released flagship smartphone, the Galaxy S8. Will the next Samsung Galaxy smartphone feature the new screen? Samsung Working On Screen That […]
The Navy has since 2014 been testing a 30-kilowatt laser on one of its warships, the USS Ponce A sci-fi staple for decades, laser weapons are finally becoming reality in the US military, albeit with capabilities a little less dramatic than at the movies. Lightsabers—the favored weapon of the Jedi in “Star Wars” films—will remain in the fictional realm for now, but after decades of development, laser […]
