Fitch Ratings-Dubai/London-19 December 2016 The ability of the UAE courts to interpret the federation’s new bankruptcy law and handle bankruptcy proceedings will be key to its effective implementation, Fitch Ratings says. The law is due to come into effect at the end of this month. It aims to create a clear and predictable framework for court-based bankruptcy proceedings as an alternative to liquidation. We think the new […]
Better known for its electronic music and street art, Berlin is now also home to an emerging graphic-novel scene in a country that has traditionally treated illustrated stories as children’s literature. Rarely seen in bookstores just a few years ago, German-produced graphic novels now have dedicated shelves, as home-grown artists and foreigners find inspiration in the city. “It was when I moved here that I felt a […]
If you are an emerging market investor, things at least look a little rosier than they did 12 months ago. Then sentiment was souring thanks to doubts about China’s economy, a slumping oil price and plenty of political upheaval. There is, of course, much to concern the EM universe going into 2017, notably a rising dollar, the prospect of higher interest rates in the US and president-elect […]
TOKYO Asian shares slipped to four-week lows on Monday as the prospect of higher U.S. interest rates and a strong dollar stemming from the incoming Trump Administration’s purported policies of cutting taxes and spending heavily threatened to suck capital out of emerging markets. European shares are seen having better luck, following recent gains in shares of banks, resource companies and some automakers. Spread-betters see a rise of […]
The Middle East mobile phone market suffered its third consecutive quarter-on-quarter decline between July and September, according to the latest figures announced by IDC. Shipments in the region totalled 23.8 million units, down 0.7 percent on the 23.9 million units shipped in Q2 and 19.4 percent on the corresponding period last year. IDC said that given that the quarter-on-quarter decline in Q2 was much steeper at 8.5 […]
Six new species of marine animals have been discovered on the sea floor of Indian Ocean, living close to a bunch of hot springs. In a robot led survey, scientists from the Southampton University, Natural History Museum in London and University of Newcastle explored hydrothermal vents in the seabed. Their expedition in November 2011 yielded valuable data and led to the discovery of new organisms living on the […]
Wall Street is bathing in nostalgia. This week the cover of Barron’s, the bible of US retail investors, proclaimed “Dow 20,000”. Presenters on CNBC are wearing Dow 10,000 caps first donned in 1999. And each day the thinning crowds on the floor of the New York Stock Exchange have watched the boards to see if the Dow Jones Industrial Average, having passed 19,900, can top the 20,000 […]
A series of big events shaped financial markets in 2016. Here is a selection of FT analyses and commentary, alongside charts, highlighting a tumultuous year. The new year rout January proved brutal for investors. After just 10 trading days, global equity markets had lost more than $4tn of value, with sentiment hammered by fears about China’s economic slowdown and a depreciating currency. In turn, bond markets were […]
On the other side of the tent, though, Bernhard Hauser, 40, of Burghausen, was hunched over, eyes peeking out from a stack of blankets, offering monosyllabic utterances through clattering teeth as three paramedics kept close watch. The difference between the two men was remarkable. Hauser had finished 27:55.46, ahead of Koitka, but his body had a much stronger reaction to the cold. When asked how this could […]
From laptops to cellphones, today’s technology advances through the ever-increasing speed at which electric charges are directed through circuits. Similarly, speeding up control over quantum states in atomic and nanoscale systems could lead to leaps for the emerging field of quantum technology. (via WSJ)
Microsoft is building out a number of “graphs,” or data indexes, across the company. There’s the Bing knowledge graph, the Office Graph, and now, the LinkedIn professional graph. This week, the company announced plans to add another graph to its stable: A “world graph.” It’s partnering with HERE, TomTom, and Esri to build this geographic data index. The data in the coming world graph isn’t just about […]
By all accounts, the June charity gala at Skylight, a Beaux-Arts building in midtown New York, was a very glitzy affair. Whoopi Goldberg served as master of ceremonies, while Naomi Campbell and Leonardo DiCaprio were among the A-list guests. The hosts for the evening were Martin Chavez, named this week as the next chief financial officer of Goldman Sachs, and his husband, Adam Norbury. In many respects […]
DUBAI // Young footballers dreaming of playing in one of the best leagues in the world are edging closer to achieving their ambitions as trials backed by telecom firm du and Spain’s La Liga move to the next level of selection. The partnership between the home of footballing legends Lionel Messi and Cristiano Ronaldo, and the duFC International scouting programme offers an opportunity for talented youngsters to […]
When it emerged from stealth in 2011, MapR was an outlier in the Hadoop community. At the time, Hadoop was defined largely by two projects adapted from Google research: MapReduce, which introduced highly linear, massively parallel processing to big data, and the HDFS file system, which could accommodate data by the petabyte. And at the time, Hadoop was defined as an Apache open source platform. MapR’s message, […]
Where there was discord, Donald Trump has remarkably brought harmony. He has brought peace between the markets and Janet Yellen, as traders at last appear to believe her forecast for interest rates over the next year. The Federal Reserve says it intends to raise rates three times next year, and the market implicitly, through Fed Funds futures, puts the chance of this happening at almost exactly 50 […]
The biggest surprise in meeting the entrepreneur behind Gulf meat eateries such as B+F Burger Boutique and Slider Station is learning that he is a recent adopter of veganism. Basil Al Salem — king of the juicy steak shawarmas on offer at Nomad Kitchen and the Coca-Cola-braised short ribs served up at Slider Station — went vegan earlier this year. But this does not mean that he […]
Earlier in the day, Kaler said in a statement that the suspensions were the result of an “Athletics Department decision based on values” — and not a direct consequence of the 10 players’ violation of the university’s code of conduct. Continue reading the main story “A bowl game is a wonderful reward for an excellent football season,” Kaler said. “It is my hope that our eligible football […]
Shock is a matter of perspective and expectation. Imagine a time traveller stepped through the door a year ago and said the UK would vote to leave the European Union, a presidential candidate who advocated debt renegotiation would be headed for the White House, and Italy would reject the reforms of Prime Minister Matteo Renzi. Who would have predicted a worldwide bull market for stocks and bonds? […]
By Sam Forgione | NEW YORK NEW YORK The U.S. dollar edged lower against a basket of major currencies on Friday, but still held near 14-year highs touched after Wednesday’s Federal Reserve meeting, with profit-taking halting the greenback’s rally. The dollar index .DXY, which measures the greenback against a basket of six major rivals, was last at 102.900, not far from Thursday’s 14-year high of 103.560 but […]
China has ceded its status as America’s largest creditor nation to Japan after spending a large portion of its foreign exchange reserves to defend the renminbi. Beijing’s ownership of US Treasuries fell by $41.3bn to $1.12tn in October, according to data from the US Treasury released on Thursday — the sixth straight month of decline. Japan’s holdings fell by $4.5bn to $1.13tn for the same period. Thomas […]
Friday 08:00 GMT Overview Equity markets are steady, holding near recent highs, as the dollar’s bounce to a 14-year peak on expectations of a more hawkish Federal Reserve pauses for breath. Bond markets are calmer too after the recent battering that pushed yields to their richest in many months, while gold edges up. Hot topic The dollar and surging bond yields has been one of the biggest […]
Submitted by Finian Cunningham via Strategic-Culture.org, The US and its terrorist-sponsoring partners are seeing their criminal regime-change project in ruins, as the Syrian army and its allies win a spectacular victory to retake the strategically important city of Aleppo. Western governments and their flunkies at the UN are cynically, perversely decrying a «meltdown of humanity». Closer to the truth is their own «meltdown of sanity». This is […]
Investors have piled into Russian equity and bond funds over the past week as oil prices have rallied and President-elect Donald Trump named an oil executive with close ties to Vladimir Putin as US secretary of state. Russian stock funds recorded inflows of $451m in the week to December 14, the biggest weekly haul since the first quarter of 2011, according to EPFR. Mutual funds and exchange […]
Drones launched from an autonomous vehicle could help guide it by mapping surrounding areas beyond what the car’s sensors can detect, according to Ford company officials Ford Motor Co. is studying a system to use drones to help guide self-driving vehicles, including on off-road adventures, company officials said. Drones launched from an autonomous vehicle would help guide it by mapping the surrounding area beyond what the car’s […]
