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. There is dumb provocative, which we can associate with talk radio and President Trump’s tweets, and there is smart provocative. Nieman Lab offers the latter as it wonders if the media and American banking are soulmates when it comes to […]
Abu Dhabi Music & Arts Foundation (ADMAF) has signed a letter of cooperation with Southbank Centre, the world’s largest festival site, home to the Royal festival Hall, Queen Elizabeth Hall, Purcell Room and Hayward Gallery, and four world-class orchestras. The agreement covers common principles, goals and areas of common interest for joint collaboration in culture and education, a statement said. It added that the letter was signed […]
Hedge funds betting on a sharp drop in global equities suffered further this quarter, while the broader industry’s returns lagged behind those of US and European stocks. The flagship fund of Crispin Odey, who for several years has been warning of a violent bursting of a bubble inflated by central banks, is narrowly down for the year. The fund endured a nearly 50 per cent decline last […]
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 […]
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 […]
US farmers have signalled plans to sow soyabeans across an area the size of Germany this year, an expanse that reflects the relentless rise of meat demand in China and other emerging economies. The record 89.5m acres (36.2m hectares) of soyabean fields would follow all-time high plantings in South America, the other leading grower of the oilseed. The harvest under way in Brazil is set to surpass […]
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 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. […]
March 31, 2017 by: Nicholas Megaw in London South African president Jacob Zuma’s dismissal of his well-regarded finance minister Pravin Gordhan has left the country’s currency on course for its worst week since 2015 and hit prices in the country’s government bonds and its banking stocks. It has also left analysts expecting imminent downgrades to the country’s credit ratings. The firing of Mr Gordhan — which was […]
By Praveen Menon and James Pearson | KUALA LUMPUR KUALA LUMPUR Three North Koreans wanted for questioning in the murder of Kim Jong Nam, the estranged half-brother of their country’s leader were believed to be returning home with the coffin of the victim on Friday after Malaysia agreed a swap deal with the reclusive state. Photographs obtained by Reuters from Japan’s Kyodo news agency show Hyon Kwang […]
Future of manufacturing requires strong SME sector, HE Saif Al Hajeri tells delegates Daylight Programme has positive impact on females working in manufacturing sector Partnership with universities has helped develop technologies which UAE can export Abu Dhabi, UAE, March 30, 2017 HE Saif Al Hajeri, the CEO of Tawazun Economic Council & Tawazun Holding, told the Global Manufacturing and Industrialisation Summit, taking place at the […]
Growth in trade between African nations looks promising, driven by demographics and growing Middle Class Narrative surrounding the continent still too negative, while work needs to be done to improve infrastructure Abu Dhabi, UAE, March 30, 2017: Industrialisation across Africa is being held back due to misperceptions about the risk of investing in the continent, according to a panellist at the Focus on Africa session held […]
If President Jacob Zuma of South Africa wanted to know how markets would react if he sacked Pravin Gordhan as finance minister, he got part of the answer this week. The rand shed 4.4 per cent of its dollar value earlier this week after Mr Zuma ordered Mr Gordhan to cancel a roadshow with investors on the first day and fly home from London, without explanation. The […]
CAPE TOWN, South Africa, March 30, 2017 The award-winning African Utility Week (www.African-Utility-Week.com ), taking place from 16-18 May in Cape Town, will showcase how the continent is coming up with innovative, home-grown solutions to its energy and water challenges and how these are creating exciting and lucrative opportunities for utilities and industry suppliers alike. Experts from respected partners in the industry such as the World Bank, […]
● Zhang Feng, Chief Engineer, Ministry of Industry and Information Technology of the People’s Republic of China (MIIT), delivers keynote address at Global Manufacturing and Industrialisation Summit 29 March 2017● Zhang Feng, Chief Engineer, Ministry of Industry and Information Technology of the People’s Republic of China (MIIT), delivers keynote address at Global Manufacturing and Industrialisation Summit Abu Dhabi, UAE – Day one of the Global Manufacturing and […]
A mega-merger of the two biggest banks in the UAE should leave the combined company with a larger representation on the benchmark emerging-market index, triggering hundreds of millions of dollars of inflows to the stock, according to calculations by EFG-Hermes strategists. Thursday marks the last day of trading in First Gulf Bank before its combination with National Bank of Abu Dhabi in a deal that creates the […]
HE Khalifa Al Mansouri, Undersecretary of the Abu Dhabi Department of Economic Development, delivers welcome note on day one of the Global Manufacturing and Industrialisation Summit Global Manufacturing and Industrialisation Summit held at the Paris-Sorbonne in Abu Dhabi from March 27-30, 2017 Abu Dhabi, UAE, March 28, 2017 HE Khalifa bin Salem Al Mansouri, Undersecretary of the Abu Dhabi Department of Economic Development (ADDED), said that […]
After the biggest downturn in a generation, there are reasons to think the worst of the commodities slump might be over. The Financial Times’s Commodities Global Summit began on Tuesday in Lausanne, Switzerland. Here are the main talking points from the first day. There was no shortage of talk on Opec, which in November agreed its first reduction in supply in almost a decade. Executives from some of the world’s […]
By Ju-min Park and Christine Kim | SEOUL SEOUL If ousted South Korean president Park Geun-hye is arrested this week, she will be sent to a solitary cell where she will be expected to rise at 6:30 a.m. and go to bed by 9 p.m. The only privilege she could have over other inmates will be slightly more space and a toilet and shower in an adjoining […]
Era defined by seemingly random and unrelated events combining to create new structures Delegates told to ignore traditional bureaucracy and ‘listen to the information flow’ Global Manufacturing and Industrialisation Summit held at the Paris-Sorbonne in Abu Dhabi from March 27-30, 2017 Abu Dhabi, UAE, March 28, 2017 Beth Comstock, Vice Chair, GE, told delegates to the inaugural Global Manufacturing and Industrialisation Summit (GMIS) that we […]
Cuban president Raúl Castro is preparing to step down next year, Venezuela has cut millions of dollars in aid and Donald Trump’s election has cast a shadow over the nascent US-Cuba detente. Unnerved by the changes, Havana’s domestic reform drive has ground to a halt as the Communist party battens down the hatches. Marino Murillo, the senior official leading Cuba’s reforms, has not been heard in public […]
Elon Musk is a man who wants to do a myriad of things: he wants autonomous electric cars cruising down streets in the near future, he wants to send people to Mars and our Moon, and he wants to build a substitute to trains that travels blazingly fast. Now, he has another item in his to-do list: to link up your human brain with artificial intelligence. How? With the […]
The bagpiper striding across the bottle label wears flowing green tartan, a luxuriant black moustache — and a red turban. Bagpiper whisky, distilled by Diageo through its United Spirits subsidiary in India, is one of India’s most popular brands, available even in a tetra pak. But at Rs300 ($4.50) for a 750ml bottle, it is not a brand that will power a rapid return on Diageo’s £1.9bn […]
SEOUL South Korea’s family-run conglomerates are facing calls for a shakeup in their governance from a leading candidate in May’s presidential election, following the ouster of former President Park Geun-hye in a burgeoning influence-peddling scandal. The conglomerates known as chaebol have come under the reform buzz saw before, only to emerge bigger and stronger than ever. The country’s four biggest chaebol groups account for around half the […]
