2016 was chock-full of surprises, both in markets and in politics. As Goldman’s Allison Nathan explains, the year began with a perfect storm of worries that had become all too familiar already in 2015. Oil prices plunged and fears of faltering growth and a sharp depreciation of China’s currency escalated, driving disruptive sell-offs in credit and other risk assets. Confidence in global growth faltered, particularly after an […]
By Jake Spring | NINGDE, China NINGDE, China A dusty village on the outskirts of Ningde, a third-tier city in China’s southeast, seems an unlikely place for the headquarters of a potential global leader in future automotive technology. Yet China’s top-down industrial policy diktats – move up the value chain, clean up polluted urban skies, and shift to plug-in cars – have Contemporary Amperex Technology Ltd (CATL) […]
But with few spies in the city, American officials say assessing the enemy is difficult. “We’ve spent a lot of time trying to understand the situation on the ground in Raqqa,” Lt. Gen. Jeffrey L. Harrigian, the air war commander, said in an interview from his headquarters in Qatar. “It’s improving. It’s still not at the level we’d like it to be.” Continue reading the main story […]
I’d like to be able to say France withdrawing from the EU is a potential downside catalyst for stocks. However, these days nothing matters. Stocks would go up if nuclear war was initiated wordwide. There’s literally nothing that can stop stocks from heading higher. But in the event you’re still nostalgic about news, France’s Le Pen wants stronger ties with Moscow, out of the EU and NATO — […]
More than a month after the election, the following sentence has become a cable news cliché: Journalists in New York and Washington, D.C. are out of touch with the rest of the country. It’s true. There’s a lot of local nuance that doesn’t make the national news. And it’s even true within cities like New York — growing up in the Bronx often meant watching reporters based […]
Mohammed Ahli: Our airports are gearing up to serve up to 146 million passengers by 2025 Via Dubai Security Supplement features Angela Gittens of ACI and Michael Herrero of IATA Dubai, December 22, 2016: Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority (DCAA) and Chairman of Dubai Airports, said Dubai has successfully transformed innovation into a working culture in the government […]
CAIRO Egyptian President Abdel Fattah al-Sisi said on Saturday that the military’s economic activity accounted for no more than two percent of the country’s output, dismissing suggestions that the military could control as much as half of the economy. Speaking at an event celebrating the expansion of a military-owned company, Sisi said the military made up 1.5-2 percent of economic output which he said was 3-4 trillion […]
Ajman has announced plans to invest AED600 million ($163.3 million) to improve the emirate’s sewerage system. Ajman Sewerage chairman Sheikh Rashid Bin Humaid Al Nuaimi said that by 2020 the size of the sewerage network is expected to double as a result of the investment. More than 600km of pipelines and 30 pumping stations will be added, allowing 100,000 additional citizens to benefit from the modern sewerage […]
Dubai-UAE: 22 December, 2016 Awqaf and Minors Affairs Foundation (AMAF) in Dubai and the Khalaf Ahmed Al Habtour Foundation for Charity (KAHF) have lately signed an awqaf investment partnership contract to build a residential commercial building. Revenues from the building will be allocated to the Umom Al Kheir Bank, run by AMAF. KAHF will provide full funding for the project, estimated at AED8 million. His Excellency Tayeb […]
Submitted by Federico Pieraccini via Strategic-Culture.org, Understanding the objectives and logic that accompany the expansion of nations or empires is always of paramount importance in helping one draw lessons for the future In this series of four articles I intend to lay a very detailed but easily understandable foundation for describing the mechanisms that drive great powers. To succeed, one must analyze the geopolitical theories that over […]
|By Arabian Post Staff| Saudi Arabia unveiled a $237 billion budget for 2017, an 8 percent increase from 2016, with projections of a record 33 percent decrease in the Kingdom’s national deficit. “Our economy is firm and it has sufficient strength to cope with the current economic and financial challenges,” said King Salman bin Abdulaziz.. “We have sought through this budget and its programs to improve the […]
Panama City: From the Panama Papers to the impeachments of the presidents of Brazil and South Korea, 2016 was a year marked by corruption scandals, and by rising public outrage over graft. The question is, will that translate into a lasting demand for cleaner politics? “A new phenomenon” is being seen, said Jose Ugaz, a renowned Peruvian lawyer and the chairman of Transparency International, a Berlin-based anti-corruption […]
WASHINGTON U.S. President-elect Donald Trump, asked for clarification his Thursday Twitter post about nuclear weapons, said: “Let it be an arms race,” MSNBC said on Friday. “We will outmatch them at every pass and outlast them all,” Trump said in an interview with MSNBC, the network reported, one day after the president-elect called for an expansion of U.S. nuclear capabilities in a tweet that alarmed nonproliferation experts. […]
Good morning. A media A-list’s favorite books of 2016 Jake Tapper, the CNN reporter-show host, needed far less time than even a hyperactive wire service rewrite guy to answer a question about his favorite book this year: “‘Moonglow’ by Michael Chabon.” Bam, that didn’t take long. But it’s why amid a Trump- and-terrorism-centric moment, I asked busy and smart journalists to go high when so many others […]
From the Panama Papers to the impeachments of presidents of Brazil and South Korea, 2016 was a year marked by corruption scandals, and by rising public outrage over graft. The question is, will that translate into a lasting demand for cleaner politics? “A new phenomenon” is being seen, said Jose Ugaz, a renowned Peruvian lawyer and the chairman of Transparency International, a Berlin-based anti-corruption watchdog, who expressed […]
PANAMA CITY: From the Panama Papers to the impeachments of the presidents of Brazil and South Korea, 2016 was a year marked by corruption scandals, and by rising public outrage over graft. The question is, will that translate into a lasting demand for cleaner politics? “A new phenomenon” is being seen, said Jose Ugaz, a renowned Peruvian lawyer and the chairman of Transparency International, a Berlin-based anti-corruption […]
U.S. President-elect Donald Trump called for the expansion of the United States’ nuclear capabilities until the world “comes to its senses,” but gave no other details in a tweet on Thursday. “The United States must greatly strengthen and expand its nuclear capability until such time as the world comes to its senses regarding nukes,” Trump said in the post on Twitter. Representatives for his transition team could […]
Abu Dhabi, December 22, 2016 H.E. Eng. Sultan bin Saeed Al Mansoori, UAE Minister of Economy (MOE), recently met with Suren Karayan, Minister of Economic Development and Investments of Armenia to discuss key ways to further expand economic and trade relations between the two countries–building investment partnerships in sectors that would bring mutual benefits to both countries based on their respective capabilities. The discussion took place during […]
NAND flash memory SK Hynix will invest 2.2 trillion won ($1.8 billion) to build a new fabrication facility that produces NAND flash memory in its factory in Cheongju, South Korea, the company announced. The world’s second largest memory chip maker will also put additional investment into its counterpart in Wuxi, China, which mostly produces dynamic random-access memory (DRAM), to meet rising demand from local customers there. The […]
PANAMA CITY: From the Panama Papers to the impeachments of the presidents of Brazil and South Korea, 2016 was a year marked by corruption scandals and by rising public outrage over graft. The question is will that translate into a lasting demand for cleaner politics? “A new phenomenon” is being seen, said Jose Ugaz, a renowned Peruvian lawyer and the chairman of Transparency International, a Berlin-based anti-corruption […]
2016 was fact-checking’s finest year [1]. No it wasn’t, it was the year of “post-truth” [2] — some preferred “post-fact” [3] — and fact-checking is a fool’s errand. The discussion about facts in journalism worldwide has rarely been as fractured and animated as it has been in 2016, so we collected 366 links, one for each day of the year, to try and make sense of what […]
22 December 2016 MARC has affirmed South Korea’s foreign currency sovereign rating of AAA with a stable outlook based on its national rating scale. The rating reflects MARC’s opinion of the sovereign’s ability to meet its foreign currency obligations in full and on time. The government of South Korea (GoK) has no debt rated by MARC. The rating also serves as a country ceiling for ringgit-denominated debt […]
Infrastructure of Berth 5 and Berth 6 at final stages of this year’s strategic expansion 21 December 2016 King Abdullah Economic City, The infrastructure works for Berth 5 and Berth 6 are about to be finished in a few weeks, King Abdullah Port announced on Wednesday. The two berths are part of the port’s strategic expansion plan, which aims to significantly uprate the port’s capacity, thus boosting […]
Top government leaders of Vietnam and Cambodia have expressed wishes to cement and develop bilateral ties in the spirit of “good neighbourliness, traditional friendship, all-faceted and long-lasting cooperation”. Cambodian Prime Minister Hun Sen (L) and Prime Minister Nguyen Xuan Phuc During talks with Prime Minister Nguyen Xuan Phuc in Hanoi on December 20, Cambodian Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen said his visit […]
