Panama has a new tourist attraction: the building hosting the offices of the Mossack Fonseca law firm at the heart of the Panama Papers scandal. That is why, workers there say, the sign announcing the firm has been taken down from where it used to be outside the dark-tinted edifice in Panama City’s modern banking district. Too many tourists were stopping to take selfies in front of […]
By Lesley Wroughton and Robert-Jan Bartunek | BRUSSELS BRUSSELS U.S. Secretary of State Rex Tillerson reassured his nervous European counterparts over Washington’s commitment to NATO on Friday and pressed them again to spend more on defence, triggering a rebuke from Germany. Foreign Minister Sigmar Gabriel said it was neither “reachable nor desirable” for Germany to spend the agreed NATO target of two percent of member states’ economic […]
Silicon Valley tech companies should do more to help media companies get subscribers and revenues – this was the gist from six panelists discussing “Journalism + Silicon Valley: The Balance of Power” at a recent event in San Francisco organized by the Tow Center for Digital Journalists. The event marked the release of Tow Center’s report: “The Platform Press: How Silicon Valley reengineered journalism |” It is […]
California is known far and wide for it’s wacky regulations. In fact, just last fall we wrote about SB 1383, a very significant piece of legislation signed into law by Jerry Brown which requires a 40% reduction in methane gas emissions from cow flatulence by 2030 (no, really…you can take a look here: “Here Are Some Of The Ridiculous New State Laws That Will Take Effect January […]
By Mark Hosenball | WASHINGTON WASHINGTON U.S. President Donald Trump on Friday backed a decision by his former national security adviser to seek immunity in congressional investigations of possible ties between his election campaign and Russia, but there was no immediate sign a request would be granted. Retired General Michael Flynn, who resigned only 24 days after becoming national security adviser, wants protection against “unfair prosecution” if […]
FUJAIRAH // Sheikh Mohammed bin Rashid offered his condolences to Sheikh Hamad bin Mohammed Al Sharqi, Ruler of Fujairah, on the death of the emirate’s Deputy Ruler. The Vice President and Ruler of Dubai visited the majlis at Al Remailah Palace in Fujairah, where he was also met by Sheikh Mohammed bin Hamad, Crown Prince of Fujairah, and the sons of the late Sheikh Hamad bin Saif […]
Investors are flocking back to European equities and propelling a rally across continental stock markets as money managers downplay fears around the upcoming French elections and fallout from Brexit. The shift — which follows a torrid 2016 when investors pulled roughly $100bn from the asset class — has been driven by hopes of a synchronised global economic expansion accelerating. European stock fund managers received $1.5bn in the […]
President Trump has repeatedly threatened to change U.S. libel law to crack down on news organizations that publish information he finds objectionable. But could he actually make good on his threat? Several First Amendment experts reached by Poynter say President Trump couldn’t amend libel law simply because there is no federal statute governing libel. Further, any changes to existing libel laws would likely not favor President Trump, […]
The Samsung Galaxy S8 is officially out of the bag, and it’s one of the most powerful smartphones of 2017, rocking top-notch specs and features all around. The latest Samsung flagship is bound to go head-to-head with other high-end smartphones racing for the top spot, so let’s see how it stacks up against Apple’s iPhone 7 from last year and the recently released LG G6. Samsung Galaxy […]
RBC’s head of cross asset strategy Charlie McElligott dons his full wonksh equity analyst hat today, exposing “The April Effect,” and the specific risk of “nasty double whammy” of levered long-short unwinds should momentum stall. Quick note of warning as we transition into the new quarter, with potential for major thematic / sector / factor reversals in stocks. The following observation regarding April seeing a seasonal ‘momentum’ […]
Emirati investments in the industrial sector amounted to AED112 billion ($30.4 billion) in 2016, accounting for 86 percent of the total investments, according to UAE Minister of Economy Sultan bin Saeed Al Mansouri has said. The minister told Arabic language daily, Al Ittihad, that the total investments in the country’s industrial sector rose to AED130 billion by the end of 2016. Foreign investments in the sector were […]
Dubai, UAE, Singapore, March 31, 2017 Takeda Pharmaceuticals Company Limited (“Takeda”),announced today that Ricardo Marek has been appointed as the President of the Emerging Markets Business Unit (EMBU), based in Singapore, effective April 1, 2017. In his new role he will lead allbusiness operations across five geographic Areas that compriseEM BU – Asia Pacific (excluding Japan), China, Latin America, Middle East & Africa and Russia-CIS. Marekwill also […]
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 […]
It may be the fastest transition from a “hawkish” to “dovish” stance by a Fed talking head in history, after New York Fed President Bill Dudley went from “it is important not to overreact to every short-term wiggle in financial markets” and predicting “gradual rate hikes for the rest of the year” yesterday after the close, to “the Fed is in no rush to hike” in an […]
In a groundbreaking experiment involving 3-day-old tadpoles, researchers at Tufts University in Medford, Massachusetts, found an innovative way to speed up the innervation process of transplanted organs. To test their theory, the scientists chose to conduct their investigation on frogs because their molecular structure resembles that of humans. The team successfully restored vision in blinded tadpoles by perfecting a technique that allowed the grafted eyes — transplanted on the animals’s […]
The UAE’s healthcare market is set to surge to more than AED103 billion ($28 billion) by 2021 – reperesenting 60 percent growth over the next five years, according to a report. Expected improvements in the quality of healthcare provision, together with rising demand for preventative care and digital medical services will help to fuel massive growth of the industry, the study by MENA Research Partners (MRP) said. […]
“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 […]
Submitted via Priceonomics A quick spin through LinkedIn reveals that the quality of peoples’ profile photos is rather uneven. Some photos appear to be from highly professional photoshoots while others are grainy pictures captured from old cell phones. Is there any pattern in the data around professional networking photos? What professions have the highest quality photos? Do people that are fresh on the job market tend to have […]
BEIRUT/ANKARA: More than 5 million Syrians are now refugees, the UN said Thursday, as aid groups urged the international community to end the country’s six-year war and provide more assistance.The new figures mean around a quarter of Syria’s population has fled since the March 2011 start of a conflict that has killed over 320,000 people.The UN refugee agency UNHCR urged more international assistance, with spokeswoman Cecile Pouilly […]
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, […]
By Michelle Nichols | NEW YORK NEW YORK The United States’ diplomatic policy on Syria for now is no longer focussed on making the war-torn country’s president, Bashar al-Assad, leave power, the U.S. ambassador to the United Nations said on Thursday, in a departure from the Obama administration’s initial and public stance on Assad’s fate. The view of the Trump administration is also at odds with European […]
Authored by James Holbrooks via TheAntiMedia.org, Adding fuel to an already highly combustible situation in Southeast Asia, Reuters reported Tuesday that China has “largely completed major construction of military infrastructure on artificial islands it has built in the South China Sea,” and that the Asian superpower “can now deploy combat planes and other military hardware there at any time.” Citing satellite imagery analyzed by the Asian Maritime […]
BuzzFeed is closing its in-house, open-source innovation lab in October after two years of experimentation at the crossroads of technology and media. BuzzFeed’s Open Lab for Journalism, Technology, and the Arts, which is housed at BuzzFeed’s San Francisco bureau, will wind down in October after the current fellowship class finishes its work, BuzzFeed San Francisco Bureau Chief Mat Honan wrote in a note to employees obtained by […]
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 […]
