Every presidential election brings with it a renewed debate on taxes: should tax rates be increased or decreased (which in turn forces economists to break out their textbooks to brush up on their Laffer curve definitions)? Traditionally, the question eventually boils down to one thing: what should the tax treatment of the “rich” be: should the wealthy pay more or less in taxes? Why the particular focus […]
By Alexandra Ulmer | CARACAS CARACAS Venezuela’s ruling socialists mourned former Cuban leader Fidel Castro, while opposition hardliners exulted over the death of a man they call a dictator who helped wreck the economy and whose country has for years got an easy ride with subsidized oil. The two leftist Latin American governments became intimate allies under Castro and his younger disciple, the late Venezuelan leader Hugo […]
BEIRUT Syrian government and allied forces seized large parts of an important district in rebel-held eastern Aleppo on Saturday but fierce fighting for control of the residential area continued, rebels, pro-government media and a monitor said. Government forces have advanced with a ground and air assault on the edge of the besieged eastern half of the city, a move the rebels say is designed to split their […]
Photo Residents of the Tahir district of Mosul, which had been liberated from the Islamic State a few hours before, on Nov. 16. Credit Sergey Ponomarev for The New York Times CHICAGO — The ancient Assyrians considered the Tigris River the division between East and West, and the city I come from in Iraq is called Mosul — connection point, in Arabic — because it connects these […]
By Stephen Grey and Jack Stubbs | LONDON/MOSCOW LONDON/MOSCOW A little-known Russian businessman from St Petersburg has provided properties to multiple women who share one common theme: President Vladimir Putin. One of the women is Putin’s younger daughter; two are close relatives of a woman Russian media have reported to be Putin’s girlfriend – though the president has strongly denied any relationship. And a fourth is a student […]
Abu Dhabi Terminals (ADT) has announced that on it recently set a new daily record by handling 5 million containers, a milestone achievement for Khalifa Port Container Terminal (KPCT). The record number was achieved on October 28 serving the CMA CGM, a vessel belonging to ADT’s long-term customer, CMA CGM Pegasus. The new throughput milestone follows terminal operator ADT’s success in the first half of 2016, which […]
Professor Stephen Hawking, David Coulthard and Lily Cole supported the event that looked into the changing perceptions towards wealth 26 November 2016 Abu Dhabi – UNLIMITED, a new platform powered by UBS, hosted an exclusive event at New York University Campus in Abu Dhabi today that explored changing attitudes towards wealth. UNLIMITED is a content partnership with the aim of deepening and amplifying public understanding of what […]
He seized power audaciously in 1959 and commanded to the last a powerful personal following inside and outside Cuba. But during more than half a century in office Fidel Castro, who has died at the age of 90, metamorphosed from a popular and charismatic guerrilla leader into a traditional caudillo, an autocratic holdover from another age. At his life’s end, although bolstered by the emergence of a […]
By Kirstin Ridley | LONDON LONDON Three former Barclays (BARC.L) traders jailed for manipulating Libor benchmark interest rates after a London trial have been denied a request to appeal against their conviction and sentence, the wife of one said on Friday. Julie Pabon said her husband, Alex, and former colleagues Jay Merchant and Jonathan Mathew were recently notified that their requests had been rejected by the Court […]
By Marc Frank | HAVANA HAVANA Fidel Castro, the Cuban revolutionary leader who built a communist state on the doorstep of the United States and for five decades defied U.S. efforts to topple him, died on Friday, his younger brother announced to the nation. He was 90. A towering figure of the second half of the 20th Century, Castro had been in poor health since an intestinal […]
By Terray Sylvester | BISMARCK, N.D. BISMARCK, N.D. More than 30 activists protesting plans to run an oil pipeline beneath a lake near a North Dakota Indian reservation were arrested on Friday at a retail mall during a rally timed to coincide with the busiest shopping day of the year. The rally was held at the main shopping center of North Dakota’s capital city on “Black Friday” […]
Updated Nov. 26, 2016 2:23 a.m. ET Fidel Castro burst on the world scene in 1959, spawning the very image of a revolutionary with his scruffy beard, rifle and cigar, ruling Cuba for a half-century while rankling 11 U.S. presidents and helping bring the world to the brink of nuclear war. Mr. Castro, who was suffering from undisclosed illnesses, died at 90 years old, his brother, President […]
This transcript has been automatically generated and may not be 100% accurate. … our coalition is on the office … I so is on the offensive Anais is going to use … the only one up … with our allies and partners where to degrade and ultimately destroy … the search … the resolution resubmitted today does not … call for one of yours ground combat forces […]
This transcript has been automatically generated and may not be 100% accurate. … much of the past twelve months we’ve seen a precipitous decline in the price of a barrel of light sweet crude … and they use see their dad … Nymex is down forty one point one nine of that this was … well over a hundred … in a tiny segments of soda … […]
The dollar broke new ground in its post-US election surge against the yen on Friday as the market eyed a potential ¥3.8tn ($34bn) deluge of yen selling by life insurers. Tokyo’s morning session saw speculators pushing the dollar into the high ¥113 zone — an eight-month peak and a move that is underpinned by more unwinding of long yen positions built ahead of what big Japanese investors […]
Photo Senior Chief Petty Officer Scott C. Dayton, who lived in Woodbridge, Va., was killed by an improvised bomb on Thursday in northern Syria. Credit U.S. Navy A 42-year-old Navy sailor whose many decorations included the Bronze Star has been identified as the first member of the American armed forces to be killed in combat in Syria, the Defense Department said on Friday. The sailor, Senior Chief […]
The Tuesday after Thanksgiving is called Giving Tuesday, and T-Mobile is feeling generous, so T-Mobile Tuesday is turning into #GivingTuesday next week. The weekly giveaways called T-Mobile Tuesdays have proved widely popular so far, and next week, T-Mobile is taking things to the next level. For #GivingTuesday, the Uncarrier plans to use its weekly giveaway for charity. As part of the promotion, T-Mobile will donate up to $500,000 […]
Chinese phone supplier Huawei has supplanted Samsung as the second most profitable smartphone brand globally in Q3 2016. Apple continues to remain atop the list, having enjoyed 91 percent of all smartphone profits this year. Huawei, meanwhile, enjoyed 2.4 percent of the pile, earning an estimated $200 million for smartphone sales during the aforementioned quarter. Huawei Places Second It should come as no surprise that Apple has […]
Better access to low-interest funding could spur growth of East African Small & Medium Businesses JOHANNESBURG, South Africa, November 24, 2016 Small & Medium Businesses in East Africa should be looking at ways to maximise their efficiency and improve debt management to navigate the risks that high interest rates pose for their businesses. That’s the word from Billy Owino (https://Twitter.com/OwinoBill), Regional Director for Sage East Africa (www.Sage.com), […]
Ashley Lane rounds up the winter activities in destinations ranging from Monaco and Manila to Brazil and Antarctica. • Read this and more stories in Ultratravel magazine, out with The National on Thursday, November 24 newslide Monaco Though temperatures are lower than normal, heading to Monaco in December means fewer crowds and lower prices. There are also plenty of festivals and activities to keep visitors busy. Those […]
A Malaysian businessman and his partner have been charged with orchestrating the single biggest fraud in the history of Singapore’s stock exchange, which wiped out S$8bn in value and triggered a lasting loss of investor confidence. Soh Chee Wen, also known as John Soh, faced charges in a Singapore court on Friday in relation to an alleged fraud in which three publicly listed stocks soared in valuation […]
Hitting the rocks. José Cuervo, the world’s largest tequila maker, has put its planned IPO for up to $1bn on ice because of market uncertainty in the wake of the US elections, according to people familiar with the plans. The company, officially known as Becle, had filed its prospectus with the Mexican stock exchange in September. But the Mexican IPC index has fallen nearly 7 per cent […]
November 25, 2016 by: Jamie Chisholm in London and Peter Wells in Hong Kong Friday 08:30 GMT. Overview Stock markets are cautiously mixed as traders await Wall Street’s return to the fold after the Thanksgiving break. US futures suggest the S&P 500 will be in line for another record, looking to add 1.5 points to 2,206.3 when the opening bell rings later in New York. Still, for […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices fell over 1 percent on Friday, dragged by a strong dollar, rising Saudi supplies to Asian clients, and a fall in Chinese imports. Brent crude futures were trading at $48.42 at 0753 GMT, down 58 cents, or 1.2 percent, from their last close, although overall activity was thin after the U.S. Thanksgiving holiday and ahead of the weekend. U.S. […]
