When Donald Trump comes to Washington on January 20, his YouTube supporters Diamond and Silk will be travelling to the capital with him. Then, they will turn round and go home. Over the course of the tycoon’s campaign, Diamond and Silk served as two of the president-elect’s biggest surrogates to the African-American community, talking him up on their hit video blogs, speaking alongside him at rallies and […]
Samsung Electronics has forecast its best quarterly profit in more than three years, projecting that operating profit for the last three months of 2016 surged 50 per cent as strong sales of chips and display panels offset the Galaxy Note 7 debacle. The world’s largest maker of memory chips as well as smartphones estimated its fourth-quarter operating profit at Won9.2tn ($7.8bn), the highest since the third quarter […]
Mexico’s central bank intervened in the foreign exchange markets to halt the peso’s record slide against the dollar but failed to provide anything more than temporary respite for its battered currency. The peso responded to the move, the first of its kind since the election of Donald Trump, with a 1.5 per cent rise against the dollar. Having tumbled to another all-time low of 21.61 pesos on […]
After a near double-digit rally in US stocks since Donald Trump’s election victory, the question for investors is whether the outlook for corporate profits can begin to justify investors’ newfound optimism. Much of the rally has been underpinned by hopes that a Trump administration will boost corporate profits through lower corporate taxes, a more accommodative regulatory regime and a more confident US consumer. Corporate chief executives will […]
By Stephen Kalin and Isabel Coles | ERBIL, Iraq ERBIL, Iraq Iraqi forces have retaken around 70 percent of eastern Mosul from Islamic State militants and expect to reach the river bisecting the city in the coming days, Iraq’s joint operations commander told Reuters. Lieutenant General Talib Shaghati, who is also head of the elite counter-terrorism service (CTS) spearheading the campaign to retake the northern city, said […]
It’s fair to say that HappyFresh, one of a number of startups working to make the business of on-demand grocery shopping viable in Southeast Asia, didn’t have a great 2016. The two-year-old company pulled out of two countries to “focus on sustainability and profitability” and raised an ominous ‘undisclosed’ Series B round having previously closed a $12 million Series A a year prior. Now TechCrunch has learnt that it has also […]
Shenzhen and Hong Kong will partner on constructing a technology park in Lok Ma Chau Loop on their border after city authorities signed a memorandum of understanding for its development on Tuesday. The Hong Kong/Shenzhen Innovation and Technology Park, which will be around 1.2 million square metres in size, will enable companies to develop the fields of robotics, biomedicine, financial technology, and smart cities. It is being […]
CAIRO: A report alleging human rights violations in Yemen by Houthi rebels has recorded 949 cases of damaged public property and 2,673 instances of private property damage, the Saudi Embassy here reported on Tuesday.The damage varied between complete and partial by bombardment from Houthi militants and loyalists of deposed President Abdullah Saleh against civilian homes and government and private facilities, according to a statement released on Tuesday […]
In one of the first signs that India’s crackdown on tax evaders is helping swell the government’s coffers, it this week lowered its borrowing plan by 4.2%. The government says it now plans to reduce the amount it borrows by 180 billion rupees ($2.64 billion). It had budgeted to borrow a net 4.25 trillion rupees in the current financial year. The Reserve Bank of India, which acts […]
ISLAMABAD – One day before the hearing of the Panama leaks, Pakistan Tehreek-e-Insaf yeserday filed fresh evidence before the Supreme Court. Prime Minister Nawaz Sharif and his children also filed applications for changing their counsels. In place of Salman Aslam Butt now Makhdoom Ali Khan would represent the PM, while Salman Akram Raja would appear instead of Akram Sheikh on behalf of Hassan Nawaz and Hussain Nawaz. […]
After seven years of stock markets climbing ever upwards, investors found a new reason to buy in November: the shock election of Donald Trump. One oft-repeated anecdote is how the billionaire investor Carl Icahn left Mr Trump’s victory party to buy US stocks. A few days later Stanley Druckenmiller, who earlier in the year told a conference for fellow hedge fund managers to “get out of the […]
Indonesian police barred journalists from the courtroom on the fourth day of Jakarta Governor Basuki “Ahok” Tjahaja Purnama’s blasphemy trial on Tuesday. Police ordered all journalists out after some broadcast journalists pushed into the auditorium, despite warnings from the judge against airing witness testimony live, according to BeritaSatu. “The hearing of witnesses testimonies cannot be aired to prevent them from listening to each other’s information. Therefore, they […]
For a long time, no visitors were allowed in his hospital room; the burn unit was a sterile environment. But on the morning Miller’s arm was going to be amputated, just below the elbow, a dozen friends and family members packed into a 10-foot-long corridor between the burn unit and the elevator, just to catch a glimpse of him as he was rolled to surgery. “They all […]
Starbucks has already established itself as the undisputed king of retail coffee chains. Now one Wall Street analyst thinks it can overtake McDonald’s as the world’s most valuable restaurant chain. The Seattle-based coffee chain’s shares fell 7.5 per cent last year, as investors warily eyed a deceleration in same-store sales from the first half to the second. The announcement last month that long-serving chief executive Howard Schultz […]
|By Matein Khalid|“Few individuals alter the course of history. Fewer still change the map of the world. Hardly anyone creates a nation state. Mohammed Ali Jinnah did all three”. Dr. Stanley Wolpert’s words still give me goose pimples two decades after I first read his book. Mr. Jinnah founded Pakistan and was also my ancestral kinsman. I too was born in Karachi, the city by the sea, […]
By David Morgan | WASHINGTON WASHINGTON Big Oil could be in a unique position to protect its interests against a Republican proposal to tax imports, given that President-elect Donald Trump’s cabinet is studded with oil champions sensitive to the risk of higher gasoline prices. Trump’s emerging leadership includes Exxon Mobil Corp Chief Executive Officer Rex Tillerson as secretary of state, former Texas Governor Rick Perry as energy […]
But Trump has also ventured beyond mere name-calling, turning the 2016 election into a competition between knowledge systems: the tell-it-like-it-is “people” versus the know-it-all “elites.” His campaign insisted for months that pollsters and technocrats and media would be proven wrong by his electoral success. The fact that he did win dealt a blow to an entire worldview, one in which empirical inquiry and truth-telling were supposed to […]
Turkey’s lira fell to a record low on Tuesday amid concerns about rising inflation and the fallout from the new year’s day terrorist attack in Istanbul. The currency dropped 1.5 per cent to TL3.5993 against the dollar. The fall underlines investor disdain for a currency that fell 17 per cent in 2016, marking the second-worst performance among emerging market currencies after the Argentine peso. Political risk and […]
By Humeyra Pamuk and Daren Butler | ISTANBUL ISTANBUL The gunman who killed 39 people in an Istanbul nightclub on New Year’s Day in an attack claimed by Islamic State appears to have been well versed in guerrilla warfare and may have trained in Syria, a newspaper report and a security source said on Tuesday. The attacker, who remains at large, shot dead a police officer and […]
Producers refute Mariah Carey’s ‘sabotage’ claim Dick Clark Productions has hit back at Mariah Carey’s claim the company sabotaged her live performance on its ‘New Year’s Rockin’ Eve’ special in Times Square. The star vocally stumbled through her set, failing to sing most of it, despite a pre-recorded track of her songs playing in the background. Carey’s representative Nicole Perna blamed technical difficulties and a faulty earpiece […]
Australia’s National Broadband Network (NBN) company has revealed that as of October 28, it had four months to shift the 18,847 customers that are still connected to the interim satellite service (ISS) onto its Sky Muster or fixed-wireless services prior to the ISS shutdown at the end of February. NBN revealed when answering Senate Estimates questions on notice that it received 50,134 installation requests for Sky Muster […]
JAKARTA Indonesia has penalized JPMorgan Chase & Co after the investment bank’s research arm recommended a smaller exposure to the country’s sovereign bonds, a senior finance ministry official said on Tuesday. “After we did a comprehensive review, we said no need to use JPMorgan’s services as a primary (bond) dealer and a perception bank,” Suahasil Nazara, the head of the ministry’s fiscal policy office, told Reuters. A […]
Funding activity for advertising technology start-ups has crashed to its lowest point in five years, underlining the struggle faced by the ad sector as Google and Facebookbecome dominant. Adtech, an umbrella term for companies that automate and facilitate the buying and selling of digital advertising, rose to prominence over the past five years, but appears now to be on the decline. The number of global adtech venture […]
WASHINGTON No evidence has emerged to suggest Russian hacking influenced the outcome of the U.S. presidential election and it would be irresponsible to jump to conclusions before receiving a final intelligence report, Donald Trump’s spokesman said on Monday. “There is zero evidence that they influenced the election,” Sean Spicer told Fox News. Due to become White House press secretary when Trump enters the White House on January […]
