Strong winds reaching up to 80km per hour across the UAE forced major sporting events in Dubai to be postponed on Friday. The second round of the Dubai Desert Classic golf tournament was cut short with South African George Coetzee leading by one shot as winds made play impossible. The windy conditions added to a difficult day for tournament organisers following the withdrawal of former world number […]
By William Shaw Law360, London (January 30, 2017, 8:30 PM GMT) — A major European Parliament committee will next month investigate the role played by lawyers, accountants and bankers in the tax evasion networks revealed in last year’s Panama Papers leaks, the European Union legislative body said Monday. The Committee of Inquiry into Money Laundering, Tax Avoidance and Tax Evasion will take testimony from investigative journalists and […]
European stocks and S&P futures rose modestly ahead of January US payrolls data, along with the dollar, while Asian shares dropped after China returned from a week-long holiday. Bonds slid, oil rose while the JGB intervened in the bond market to prevent a bond rout, in one of two major surprises during the Asian session. As reported last night, having closed at 0.109% yesterday the 10y JGB […]
|By Arabian Post Staff| Etihad Aviation Group and Lufthansa German Airlines, part of Europe’s largest aviation group, today unveiled details of a new commercial partnership. The two airline groups have concluded a US $100 million global catering agreement and a Memorandum of Understanding (MoU) to cooperate in aircraft maintenance, repair and overhaul. Addressing a press conference today in Abu Dhabi, the chief executives of both airline groups spelled […]
“96 million really wanting a job and they can’t get (it). You know that story. The real number — that’s the real number.” Donald Trump cited this highly misleading statistic in his first press conference after the election. It was a claim with scant evidence, but he said it anyway. But what if someone could stop a world leader during a speech and demand proof? It may […]
WASHINGTON The Trump administration said on Thursday Israel’s building of new settlements or expansion of existing ones in occupied territories may not be helpful in achieving peace with Palestinians, adopting a more measured tone than its previous pro-Israel announcements. In a statement issued two weeks before Israeli Prime Minister Benjamin Netanyahu is due to visit U.S. President Donald Trump, the White House said the administration “has not […]
By Chris at www.CapitalistExploits.at Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing. Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity. While we enjoy a good laugh, the truth is that the first step to […]
By Anna Irrera | NEW YORK NEW YORK Widespread opposition to U.S. President Donald Trump’s immigration curbs has proved a boon for CrowdJustice, a startup that helps individuals and organizations raise money online to fund legal cases. CrowdJustice, which until now has been based in Britain, this week brought forward the date of its U.S. launch by three weeks to take advantage of various campaigns to defend […]
Tiger Woods felt the pain, figuratively at least, after the former world number one failed to make a single birdie in recording a miserable five-over 77 on the opening day of the Dubai Desert Classic on Thursday. The creaking American, now ranked 666th after his long injury layoff, trailed Spain’s early leader Sergio Garcia by 12 shots and with only three players below him on the leaderboard […]
La Villette, a corrugated iron convention hall on the northern rim of Paris, was meant to be François Fillon’s launch pad towards the French presidency after winning the centre-right nomination in a landslide. But on Sunday he stood in the packed venue, days after claims emerged that the Republican candidate had allegedly employed his wife in a fake parliamentary job for years and, suddenly, victory seemed to […]
One of the outcomes of the Panama Papers scandal could be the “development of policies among European countries that would totally open up the structures by which trusts are run,” Labour MEP Alfred Sant said. Writing in his blog on The Malta Independent today, Dr Sant once again expressed concern that the scandal will have a negative effect on the financial services industry in […]
The number of high earners across the EU’s financial institutions leapt in 2015 compared with a year earlier, increasing by 33 per cent. The European Banking Authority, which collated the data, attributed the rise to the weak euro against the pound at the time. Since the UK’s vote to leave the EU last June sterling’s strength against the euro has been battered. The vast majority of those […]
Chocolate industry executives breathed a collective sigh of relief earlier this year after the impact of the bankruptcy of a key cocoa industry player at the end of 2016 remained muted as a result of a weak cocoa market. Expectations of bumper supplies from west Africa, the leading regional producer of cocoa beans, have been weighing on bean prices of the key chocolate ingredient. This has helped […]
By Radu-Sorin Marinas and Luiza Ilie | BUCHAREST BUCHAREST More than 250,000 Romanians demonstrated on Wednesday against a government decree decriminalising some graft offences, seen as the biggest retreat on reforms since the country joined the European Union in 2007. Romania’s top judicial watchdog, the Superior Magistrates’ Council (CSM), earlier in the day filed a constitutional court challenge to the decree unveiled by the new Social Democrat […]
Lufthansa believes the rapid growth phase of Gulf airlines is coming to end, which could help to ease some of the pressure in a highly competitive industry, its chief executive said on Wednesday. Speaking after signing catering and maintenance deals with Abu Dhabi-based Etihad, Lufthansa CEO Carsten Spohr said there were signs Gulf rivals were reaching the limits of their recent growth. “I’ll leave that to the […]
LONDON British lawmakers rejected on Wednesday an attempt to throw out legislation seeking parliamentary approval for the start of formal divorce talks with the European Union. After two days of debate on the legislation, which will give Prime Minister Theresa May the right to trigger Article 50 of the EU’s Lisbon Treaty, lawmakers voted by 336 to 100 against the amendment put forward by the pro-EU Scottish […]
Investors demanded a higher premium to hold France’s debt instead of Germany on Wednesday, reflecting a combination of political uncertainty and concerns over the outlook for inflation and central bank debt purchases. A series of upcoming elections in Europe, combined with worries that inflation pressures are picking up, have pushed down eurozone bond prices since the start of the year, with France becoming a notable laggard. The […]
Wednesday 06:00 GMT Overview Stock markets across Asia were mixed after disappointing earnings and weak US data pushed Wall Street lower overnight. European bourses are expected to open higher, with spreadbetters predicting the UK’s FTSE 100 will add 34 points to 7,133 and Germany’s Dax to gain 70 points to 11,605. The rebound comes after Wall Street climbed sharply off its session lows on Tuesday, and index […]
WASHINGTON: Iran’s ballistic missile launch on Sunday was Tehran’s “first litmus test” for the Donald Trump administration as much as it was a regional show of force, according to experts.With the launch coming just nine days into the Trump presidency, Iran-watchers expect the new administration to respond through the different levers at its disposal.A more aggressive retaliation could, however, backfire, and lead to an unintended escalation in […]
By Sinead Carew and Jamie McGeever | NEW YORK/LONDON NEW YORK/LONDON U.S. President Donald Trump and a top economics adviser on Tuesday unleashed a barrage of criticism against Germany, Japan and China, saying the three key U.S. trading partners were engaged in devaluing their currencies to the harm of American companies and consumers. The comments from Trump at the end of a White House meeting with pharmaceutical […]
“I remember, when I was a youngster, we used to have to translate Erasmus. He was already travelling as a scholar 500 years ago.” Sir Eric Thomas, the retired vice-chancellor of the University of Bristol, is reminiscing about his Latin A-level classes, in which the journals of the 15th-century Dutch Renaissance scholar featured prominently. “Even all that time ago, the concept of there being an international community […]
By Emile Picy and Chine Labbé | PARIS PARIS French police searched presidential candidate Francois Fillon’s office in parliament on Tuesday as an inquiry into alleged fake work by his wife threatened his campaign and party leaders began to consider a ‘Plan B’ without him. Fillon had been favourite to win the presidency for the conservative Republicans party until a week ago, when it was reported that […]
Those dollar bulls blinkered by the so-called Trumpflation trade and wondering if a pullback is justified get a reminder this week of the other main force behind the long-dollar consensus. Federal Reserve chair Janet Yellen and her colleagues are staging their first meeting of the year. A Fed meeting, particularly one taking place at some point along the path of a rates cycle, would normally command considerable […]
OSLO Oslo’s main trash incinerator has shown promising results in the world’s first experiment to capture greenhouse gases from the fumes of burning rubbish as a new way to slow climate change, officials said on Tuesday. If built at full scale, however, the technology would be a very costly way to limit carbon dioxide emissions as part of an international agreement to curb global warming reached by […]
