Rumors of a mighty Galaxy Note 8 have already been making rounds for a good while, but Samsung just confirmed it. At one point after the two Galaxy Note 7 recalls, it seemed uncertain whether Samsung would continue the series and launch a Galaxy Note 8. Rumors started to intensify nonetheless and it seemed like a given that a Galaxy Note 8 would arrive this year, and […]
HARGEISA// Medical aid has been delivered to thousands of children and elderly people in Somalia by the Zayed Giving convoys. The treatment, was carried out under the supervision of an Emirati-Somali volunteers’ team and is part of a global humanitarian initiative that aims to alleviate the suffering of the needy. The initiative forms part of 2017 being designated as the Year of giving by Sheikh Khalifa bin […]
After a dismal fourth quarter, it seems that Europe’s investment banks have got some of their swagger back. Switzerland’s UBS grew investment bank profits by more than 50 per cent in the first quarter, even though it is hard to imagine a recovery less well-suited to the Swiss bank which is short on the US exposure and the markets businesses that have driven the strong results of peers. Credit Suisse […]
By Julia Fioretti | BRUSSELS BRUSSELS Power plants in the European Union will have to cut the amount of toxic pollutants they emit such as nitrogen oxides under new rules approved by EU member states on Friday and widely applauded by environmental groups. The decision imposes stricter limits on emissions of pollutants like nitrogen oxide, sulphur dioxide, mercury and particulate matter from large combustion plants in Europe. […]
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. When Barack Obama was vacationing recently with Bruce Springsteen, Tom Hanks and Oprah Winfrey aboard a $300 million yacht in Tahiti, one wonders if he ever hummed Springsteen’s “All Or Nothin’ At All.” At the moment, it seems like he […]
That small drama points to the bigger issue confronting Francis as he lands in Cairo against a backdrop of swirling anxiety and turmoil. Christians across the Middle East are under intense pressure. After years of persecution by Islamist militants, half of Iraq’s Christian population has fled, and a lonely beach in Libya was the setting for the 2015 beheading of 21 Egyptian Christians in orange jumpsuits. Continue […]
By Jennifer Ablan and Stephen Nellis | NEW YORK/SAN FRANCISCO NEW YORK/SAN FRANCISCO Growing tensions with North Korea should worry global electronics firms such as Apple Inc as they source key parts from South Korea, but investors are brushing off such concerns and snapping up shares in key exporters, heartened by robust earnings and big investment plans. U.S. President Donald Trump said on Thursday in an interview […]
WASHINGTON President Donald Trump complained on Thursday that U.S. ally Saudi Arabia was not treating the United States fairly and Washington was losing a “tremendous amount of money” defending the kingdom. In an interview with Reuters, Trump confirmed his administration was in talks about possible visits to Saudi Arabia and Israel in the second half of May. He is due to make his first trip abroad as […]
Growth in cable and internet customers and the box office strength of films, including the latest instalment in the Fifty Shades of Grey series, powered better than expected quarterly revenue and profit at Comcast. Net income at the largest US cable group, which owns the NBC TV networks and the Universal Pictures film studio, jumped 20 per cent to $2.6bn, or 53 cents a share, in the […]
Since at its core, yesterday’s 1-page “tax plan” was a Goldman creation, who better to explain what Trump offered than Goldman Sachs itself, which it did overnight in a far lengthier note from its chief Washington analyst Alec Phillips. Here is Goldman with an elaboration of the handful of bullet points contained on the much anticipated one page, extended to 6 pages. Q&A on the President’s Tax […]
By Jeffrey Heller | JERUSALEM JERUSALEM The Palestinian Authority told Israel on Thursday it will no longer pay for the electricity Israel supplies to Gaza, Israeli officials said, a move that could lead to a complete power shutdown in the territory whose two million people already endure blackouts for much of the day. The decision was another sign of a hardening of Palestinian Authority policy towards its […]
Deutsche Bank must set its sights higher, its chief executive said on Thursday, after its core investment banking businesses were outpaced by US rivals in the first quarter of the year. In the three months to March, Germany’s biggest bank managed a net profit of €575m, more than double the €236m it posted in the same period a year earlier, and ahead of analysts’ expectations of €522m. […]
There was some snickering two days ago when it emerged that as his first paid speech appearance, former president Barack Obama who – at least on paper was a determined crusader against the big banks – will receive $400,000 for roughly an hour of his time from, well, a bank or rather Cantor Fitzgerald. Moments ago, Obama seemingly concerned by the public response the news has generated, […]
By Luc Cohen | LA MATANZA, Argentina LA MATANZA, Argentina Billboards in Buenos Aires province’s working-class La Matanza district trumpet a soon-to-be completed bus lane alongside the face of the district’s mayor, an ally of former populist President Cristina Fernandez. Although it was originally conceived when Fernandez was president, the 2 billion-peso ($129.24 million) “Metrobus” lane is being paid for by centre-right President Mauricio Macri’s government and […]
President Donald Trump’s top economic team unveiled what they called the biggest tax cut in US history, proposing a sharp reduction in corporate taxes and a simplification of individual rates they said would unleash economic growth. Steven Mnuchin, the Treasury secretary, said the proposal would slash corporate taxes from 35 per cent to 15 per cent and include a “one-time” cut-rate tax to induce companies to repatriate […]
In the month of April, two different verdicts from two different cases were passed in two very different courts in Pakistan. Two different men were on trial accused of two different crimes. One was let off easy for now, while the other was declared as guilty as guilty could be. Safe to say both verdicts were the cause of consternation and confusion. One of course, was the […]
Oil prices reversed early losses on reports of the third weekly drawdown of crude stocks in the US, although analysts cautioned on waiting for further signs that Opec’s production cuts are finally tightening the market. Inventories of US crude fell by a larger than expected 3.6m barrels in the week ended April 21, the Energy Information Administration said on Wednesday, compared with expectations for a draw of […]
A new study found a link between climate change and physical activity, suggesting that rising temperatures may inspire people to get off the couch. The research explores how human activity evolves in an increasingly warmer environment and sheds new light into how climate change impacts human health. Study lead author Nick Obradovich, a postdoctoral fellow at Harvard Kennedy School’s Belfer Center, first got the idea to investigate how […]
ERBIL, Iraq Islamic State militants have developed an improvised explosive device (IED) that can be launched from rifles or dropped from an aerial drone, an arms monitoring group said on Wednesday. Conflict Armament Research (CAR) said the Sunni militant group was “promoting the development of ‘own-brand’ weapons” to provide its insurgents with otherwise unavailable armaments. “The (IED) can be thrown, launched from an improvised rifle attachment, or […]
By Marton Dunai | BUDAPEST BUDAPEST Anti-government protesters have filled Budapest’s streets in recent weeks, but divisions within the opposition and weak support outside the capital mean they are unlikely to herald a serious threat to Prime Minister Viktor Orban in next year’s election. Triggered by a law targeting an international school founded by liberal U.S. financier George Soros, the rallies have galvanised broader public anger against […]
This piece originally appeared in Local Edition, our newsletter following the digital transformation of local news. Want to be part of the conversation? You can sign up here. What do you need to unlearn to stay in journalism? This week, two journalists named almost exactly the same thing. That’s not rare, but it struck me as interesting because they’re at such different points in their career. Here’s what they […]
ANKARA Turkish authorities arrested more than 1,000 people on Wednesday they said had secretly infiltrated police forces across the country on behalf of a U.S.-based cleric blamed by the government for a failed coup attempt last July. The nationwide sweep was one of the largest operations in months against suspected supporters of the cleric, Fethullah Gulen, a former ally of President Tayyip Erdogan who is now accused […]
Authored by Gaius Publius via Down With Tyranny blog, “We don’t want a unified Korean peninsula … We [also] don’t want the North Koreans to cause more trouble than the system can absorb.” —Hillary Clinton, 2013, speech to Goldman Sachs Our policy toward North Korea is not what most people think it is. We don’t want the North Koreans to go away. In fact, we like them […]
Wednesday 03:00 BST Overview Momentum from a buoyant Wall Street carried over into Asia trading as equities rallied while bonds and oil prices continued to slide. Hot topic Stock markets across the region took their cues from Wall Street, where on Tuesday the S&P 500 neared a record closing high and the tech-focused Nasdaq closed above 6,000 for the first time. In Sydney, the S&P/ASX 200 was […]
