By Emily Stephenson and Caren Bohan | WASHINGTON WASHINGTON U.S. lawmakers from both parties said on Sunday they had seen no proof to support the claim by Republican President Donald Trump that his predecessor Barack Obama had wiretapped him last year, adding pressure on Trump to explain or back off his repeated assertion. Several Republicans last week urged Trump to apologize for the allegations he made in […]
WASHINGTON A detailed version of President Donald Trump’s budget to be released in May will lay out plans to eventually erase U.S. deficits, White House budget director Mick Mulvaney said on Sunday. “We’re getting into that now. By May, I think it’s mid-May we’re shooting for right now, we’ll have that larger budget…” Mulvaney said on NBC’s “Meet the Press” program. Mulvaney acknowledged that the budget would […]
By Bill Berkrot | WASHINGTON WASHINGTON A newer class of type 2 diabetes drugs significantly cut the risk of death and hospitalization for heart failure compared with other medicines for the disease, according to data released on Sunday from a so-called real world study sponsored by AstraZeneca. The drugs, known as SGLT-2 inhibitors, work by removing blood sugar via the urine and include Astra’s Farxiga, Jardiance from […]
By Mike Stone | WASHINGTON WASHINGTON U.S. President Donald Trump says he wants to build dozens of new warships in one of the biggest peace-time expansions of the U.S. Navy. But interviews with ship-builders, unions and a review of public and internal documents show major obstacles to that plan. The initiative could cost nearly $700 billion in government funding, take 30 years to complete and require hiring […]
Microsoft’s Surface Book wowed many with its sleek and unique design. However, it may have found its competition in the ultra-stylish laptop department with Porsche Design’s 2-in-1 Book One laptop. Unveiled at the Mobile World Congress last February, Porsche Design’s Windows-powered laptop grabbed many people’s attention with its ultra-stylish design that’s reminiscent of the Surface Book. It does, however, have its own unique style that may just […]
When The Elixir Clinic in Al Marina held its grand opening earlier this year, mixed in among the vitamin drips, the immune therapy concoctions, the detox and the weight-loss offerings, several people were hooked up to nothing but a beam of light. They were experiencing – and raving about – IV Laser therapy, a low-level intravenous laser infusion only available at the company’s Abu Dhabi branch. A […]
Tim Byrnes is an unlikely symbol of China’s bid to become the world’s high-tech superpower. For a start he is Australian. Yet the 39-year-old quantum physicist’s decision to swap a research post in New York for Shanghai goes some way to explaining the lengths to which Beijing is going in its efforts to upend the world order. “Quantum physics is very strong in China,” says Mr Byrnes. […]
19 March 2017 Bell Helicopter, industry leader in the production of commercial and military vertical-lift aircraft, have confirmed their participation in the upcoming BIDEC 2017, (Bahrain International Defence Exhibition & Conference) one of the region’s leading international defence exhibitions. Scheduled to be held between 16-18 October 2017, this is Bahrain’s first tri-service defence exhibition, covering land, sea and air. The event which will be hosted under the […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on positive signals for the word’s second-largest economy and the implications for investors of the Federal Reserve rate rise. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Investors may be wary of being burnt by China but the drumbeat of bullish noises […]
It has been almost five years to the day since Mahmood Hashim Al Kooheji took over as head of Bahrain’s sovereign wealth fund, Mumtalakat, restructuring several investment interests and making other changes to whip the fund into shape after years of losses. It followed a term at Gulf Air in which he managed the national carrier’s controversial restructure that saw 15 percent of its staff, around 600 […]
Last weekend, after looking at the latest H.8 statement by the Fed, we noted something concerning: total loans and leases by U.S. commercial banks were rising at an annual pace of about 4.6%, based on weekly Fed data. That is down from a 6.4% pace for all of last year and peak rates of around 8% in mid-2016. This is the slowest pace of debt creation since […]
By Abdiqani Hassan | BOSASSO BOSASSO Somali officials whose forces freed a hijacked oil tanker and its eight Sri Lankan crew said on Sunday that NATO ships must do more to prevent the illegal fishing that locals say sparked the latest attack. Monday’s hijacking was the first time that Somali pirates had successfully hijacked a commercial ship since 2012. Unlike previous hijackings, the ship was freed swiftly […]
(Image: Intel) Intel has taken the wraps off its first Optane 3D XPoint storage product, the SSD DC P4800X, which the company claims can make database transactions up to 10 times faster. Optane will first be available from today to select early customers as a 375GB add-in card, and during the second half of the year will also be available in 750GB, 1.5TB sized cards, and as […]
By Susan Cornwell and Valerie Volcovici | WASHINGTON WASHINGTON U.S. House Republicans are working on changes to their healthcare overhaul bill to provide more generous tax credits for older Americans and to add a work requirement for the Medicaid program for the poor, U.S. House Speaker Paul Ryan said on Sunday. Ryan said Republican leaders still plan to bring the healthcare bill to a vote on the […]
By Michelle Martin | BERLIN BERLIN Germany’s Social Democrats (SPD) on Sunday formally endorsed former European Parliament President Martin Schulz as their leader and challenger to Chancellor Angela Merkel in what is set to be a tightly contested national election in September. The SPD has undergone a revival since nominating Schulz in late January, gaining around 10 points in opinion polls and signing up thousands of new […]
FRANKFURT A large Porsche SE (PSHG_p.DE) stake owned by former Volkswagen (VOWG_p.DE) chairman Ferdinand Piech may be bought by other members of the Porsche and Piech clans before May 30, German weekly Bild am Sonntag said. Porsche SE said on Friday that Piech wanted to sell his 14.7 percent stake in the family-controlled holding company, which is worth at least 1.1 billion euros ($1.2 billion). It said […]
Cheat days have become a modern phenomenon. A quick scan of social media hashtags such as #cheatday and #cheatmeal, yields over a million photos of freakshakes, oozing cheese burgers and deep fried chicken wings. A few hundred more are posted each weekend in a declaration of freedom from the dieting drudgery suffered during the week. Celebrities, who know a thing or two about restrictive diets, have also […]
Employer-funded healthcare in the US is an accidental system. It came into being during the second world war, when wage freezes and 1.9 per cent unemployment forced the government to allow companies to offer fringe benefits like healthcare in an attempt to attract workers. In 1943, the Internal Revenue Service ruled that employer-based healthcare should be tax free — and we were off to the races. The […]
A surgeon implants a pacemaker to a patient An Ohio man claimed he was forced into a hasty window escape when his house caught fire last year. His pacemaker data obtained by police showed otherwise, and he was charged with arson and insurance fraud. In Pennsylvania, authorities dismissed rape charges after data from a woman’s Fitbit contradicted her version of her whereabouts during the 2015 alleged assault. […]
MANILA — Philippine President Rodrigo Duterte on Sunday welcomed the prospect of the International Criminal Court (ICC) putting him on trial over his bloody war on drugs, saying he would not be intimidated and his campaign would be unrelenting and “brutal.” A self-confessed assassin who testified to being in a “death squad” under Duterte is expected to file a case at the ICC this month or in […]
PARIS Centrist Emmanuel Macron would be slightly ahead of far-right leader Marine Le Pen in the first round of France’s presidential election and then go on to beat her comfortably in the second-round run-off, an Odoxa poll showed on Sunday. The former economy minister would win 26.5 percent of the vote in the April 23 first round. This was down 0.5 percent from a previous Odoxa poll […]
Government of Dubai Media Office, 19 March 2017 Chairperson of the International Humanitarian City (IHC) HRH Princess Haya Bint Al Hussein, wife of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, today opened the IHC’s Members Global Meeting organized by its newly appointed CEO and leading logistics expert, Giuseppe Saba, under the theme ‘ONE for Humanity’. Attending […]
By Patrick Markey and John Davison | MOSUL, Iraq MOSUL, Iraq Iraqi army helicopters strafed and fired rockets at Islamic State positions in Mosul’s Old City on Sunday as troops on the ground closed in on the strategic and symbolic prize of the al-Nuri Mosque. Federal Police troops had advanced past the train station in western Mosul closer to the mosque. A police commander said they were […]
UAE-based Al-Futtaim is seeking to open new stores in Egypt while stepping into Oman, according to a senior company executive. “We are currently working on expansion in Muscat, Oman, and are still studying the possibility of opening more stores in Egypt and some other countries,” John Kersten, managing director, Ikea, told Arabian Business. At present, Al-Futtaim holds franchise rights for the UAE, Qatar, Egypt and Oman. In […]
