Investor sentiment is leaning towards a market-friendly outcome ahead of Sunday’s first round of voting in the French presidential election. The euro was on course for its best week in three months near $1.07, while a key proxy of election risk, the premium demanded by investors to own French government bonds over German Bunds, has narrowed sharply. “The most likely outcome is for a second round run-off […]
The UAE’s museum offerings are maturing and modernising. January marked the opening of Etihad Museum in Dubai, which tells the story of the birth of the UAE through films, documents and interactive experiences. And preparations are well under way for the Louvre Abu Dhabi to open later this year, with plans for a gallery dedicated to younger visitors. Outside the UAE, too, museums are looking to engage […]
As an ardent Brexiter, Simon Boyd did not support Theresa May to be prime minister. After all, she not only sat out the UK’s EU referendum contest last June but quietly voiced support for key arguments to remain in the bloc. But now Mr Boyd, the managing director of a specialty steelmaker in south-west England and regional head of a pro-Brexit business group, has the zeal of […]
ROME The number of migrants crossing Niger to reach Libya has declined, the International Organisation for Migration (IOM) said on Friday, after Europe pledged Niger money to help it fight people-smuggling. The IOM monitors trucks carrying migrants at a desert crossroads in eastern Niger commonly used to reach Libya, where more than half a million have set out on flimsy boats for Europe in the past three […]
Despite a resurging stock market and stabilized bond risk premia (cough Draghi cough), EurActiv reports the proportion of children living below the poverty line in Spain has increased by 9 percentage points between 2008 and 2014, to reach almost 40%. Spain has the EU’s third highest rate of child poverty, after Romania and Greece. EURACTIV Spain reports. While child poverty in general rose significantly, the sharpest increase (56%) […]
Feb 13, 2017 11:59 am IST An earnest band of Indian activists is asking rich people to boycott money, so there’s more for the needy. A motley mix of bankers, Bollywood stars and bikers have pledged their support to Prime Minister Narendra Modi’s November move to ban almost 90% of Indian currency to fight counterfeiting, tax evasion and terrorism. A story from The Wall Street Journal investigated […]
Your daily guide to community and cultural activities across the Emirates for April 21, 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 Abu Dhabi Kids’ fun Take […]
Just a few short decades ago America’s youth was highly encouraged by eager parents to become self-sufficient by the ripe old age of 18. Today, the mere suggestion of such a thing could land unsuspecting parents in prison for ‘triggering’ their offspring with malicious ‘hate speech.’ And, as a new study from the Census Bureau points out today, the changing dynamics are readily apparent in the latest […]
The London Metal Exchange, facing falling trading volumes and tougher competition, plans to ask its members to evaluate wide-ranging reforms that are intensifying a robust internal debate over its future. The 140-year institution is set to outline proposed reforms in the coming weeks, evaluating almost all aspects of its business, including whether it should become more similar to rivals such as the CME Group, the world’s largest […]
Credit: George Hodan/public domain Your partner comes in and slams a door. What was that about? Something you did? What if you knew to anticipate it because you were notified in advance from an automated text message that he/she didn’t have a great day at work? Might that change the dynamic of your interactions? You had a bad day. The last thing you need is to get […]
The pound was last worth $1.30 on September 30, a day when lawyers were lining up to derail Brexit in the courts, a resilient consumer was challenging economists’ dire post-referendum predictions and carmaker Nissan was demanding compensation for staying in the UK. Investors have become familiar with such Brexit unpredictability. Yet few of them could have guessed how sterling, tweeted by Nordea analyst Martin Enlund as “the […]
President Donald Trump has tried to ban people from certain Muslim-majority countries from entering the U.S. and has begun deportation raids, following through on his campaign promise to creating a more cautious, less open America. Recent migrants to the country are starting to worry how far the measures will go and some Indians are worried that the skilled-worker visas they use to enter the country could become […]
By Warren Strobel and Arshad Mohammed | WASHINGTON WASHINGTON The United States wants new commitments from Saudi Arabia to improve its targeting procedures to minimize civilian casualties in its part in the Yemen civil war as it weighs resuming sales of precision-guided munitions to Riyadh, U.S. officials told Reuters. An announcement of the weapons sale had been anticipated last month, but objections by mostly Democratic lawmakers and […]
By Maiya Keidan and Jemima Kelly | LONDON LONDON Hedge funds lost out on Tuesday after British Prime Minister Theresa May shocked markets by calling a snap election, but those led by humans outsmarted those led by machines, in a reversal of fortunes from the Brexit referendum. While computer-driven hedge funds garnered plaudits for their outperformance in the wake of Britain’s shock vote to leave the European […]
DUBAI // The UAE’s youth have the will, knowledge and culture to carry the vision of the country’s leadership into the future, said Dr Anwar Gargash, Minister of State for Foreign Affairs. Addressing Emirati youth at an open dialogue session to encourage political participation, held at Etihad Museum, Dr Gargash answered questions on the challenges facing the country and the running of the Federal National Council. “Young […]
It isn’t the first time that imprisoned Palestinian activist Marwan Barghouti has written a controversial comment-article for a major newspaper in the United States. In fact, it isn’t even the first time that, in giving him a platform in the western media, an American newspaper has glossed over some details of the life of a man who is now 13 years into five life sentences handed down […]
According to anonymous sources, CNN has just revealed that US authorities have prepared charges and will seek the arrest of WikiLeaks founder Julian Assange for intelligence leaks dating all the back to 2010. US authorities have prepared charges to seek the arrest of WikiLeaks founder Julian Assange, US officials familiar with the matter tell CNN. The Justice Department investigation of Assange and WikiLeaks dates to at […]
By Chad Bray A federal judge said he needs more time to consider a $602 million settlement by hedge-fund firm SAC Capital Advisors LP to resolve allegations related to what federal authorities have called the most lucrative insider-trading scheme ever. The civil settlement with the Securities and Exchange Commission is one of two such agreements reached earlier this month by SAC, one of the nation’s most successful […]
By Ulf Laessing | MOSUL, Iraq MOSUL, Iraq If you want to hear the resentment people of Mosul feel now that Iraqi forces have driven Islamic State out of most of the city, you should talk to Saddam Hussein. Not the dictator, but the Mosul schoolteacher, who proudly shows off an identity card bearing the name which his parents gave him in the ruler’s honour 45 years […]
By David Lawder | WASHINGTON WASHINGTON World financial leaders gathered in Washington on Thursday with pledges to work with U.S. President Donald Trump to fix lingering trade problems while vowing to keep their commitments to free trade and global integration. Worries over Trump’s approach to trade, taxes, financial regulation and climate change clouded the start of the International Monetary Fund and World Bank spring meetings, even amid […]
Following years of acrimony between OPEC and the hedge fund community, which the cartel dismissed simply as “speculators”, things suddenly changed in 2016 when the two groups got so close, there were outright reports of collusion between the two on various occasions. We documented this last month in “Why OPEC Is Colluding With Hedge Funds.” However, as Reuters’ energy analyst John Kemp pointed out on twitter this […]
Wall Street still exudes widespread optimism that 2017 will provide another year of solid if unspectacular economic growth and only gentle interest rate rises. With the S&P 500 up over 4.5 per cent for the year, here is a series of charts that will hearten investors of a more bearish persuasion. While there are good reasons why each chart should not be taken too seriously, together they […]
It’s springtime. Flowers are blooming, birds are chirping, and love is in the air. That can only mean one thing: It’s time to send pictures of your bits and pieces! If you’ve ever used your phone to send someone special a picture of your thing(s), you’re not alone. Data shows that sexting is a highly popular pastime enjoyed by men and women alike. As you […]
By Roberta Rampton | JAKARTA JAKARTA U.S. Vice President Mike Pence toured Southeast Asia’s largest mosque on Thursday during a visit to Indonesia, calling the Muslim-majority nation’s tradition of following a moderate form of Islam “an inspiration to the world”. Pence, an evangelical Christian, has sought to use his trip to soften some of the harsher edges of rhetoric about the Muslim world used by U.S. President […]
