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BERLIN Continental (CONG.DE) expects a possible tie-up between PSA Peugeot Citroen (PEUP.PA) and General Motors’ (GM.N) Opel division would boost its business, its chief executive said. “Opportunities emerge because platforms will be standardized and higher and more interesting volumes will arise” for suppliers, CEO Elmar Degenhart said during a conference call after the automotive supplier published results on Thursday. Separately, Continental said it planned to raise prices […]

Middle East fund managers have turned more bullish towards Saudi Arabian equities on hopes that corporate earnings may finally have bottomed out after a slide due to low oil prices, a monthly Reuters poll found. The poll of 13 leading fund managers, conducted over the past week, also found they had become very bearish on Qatari and Egyptian shares. The poll found 62 percent of managers expect […]

Photo King Salman of Saudi Arabia, center, arriving at the presidential palace in Bogor, Indonesia, on Wednesday. Credit Achmad Ibrahim/Agence France-Presse — Getty Images LONDON — You could call it bling diplomacy. As part of a monthlong tour in Asia to promote economic ties, King Salman of Saudi Arabia arrived in Indonesia on Wednesday to great fanfare, accompanied, the news media said, by a retinue with a […]

CK Chow struck a cautious note at the start of the week when revealing the Hong Kong Exchange’s annual results. With average daily turnover down 37 per cent, the exchange chairman’s wariness was understandable as he talked of a “challenging” outlook and volatile markets. Yet such caution is out of step with the mood in the market. Hong Kong’s blue-chip Hang Seng index and the Hang Seng […]

By Michel Rose and Emmanuel Jarry | PARIS PARIS Presidential frontrunner Emmanuel Macron said he would root out inequalities in France’s pension system, sell down government stakes in major firms and downsize parliament, as he unveiled a manifesto to set him apart from traditionalists. Standing as an independent centrist, Macron is tipped by opinion polls to defeat far-right leader Marine Le Pen in a run-off vote in […]

By John Ruwitch | SHANGHAI SHANGHAI The fortunes of the richest 100 members of China’s parliament and its advisory body – all dollar billionaires – grew about 64 percent in the four years since Xi Jinping rose to power, according to data from an organisation tracking wealth in China. Xi has overseen a crackdown on corruption and decadence, and made the fight against poverty a top priority […]

This Sept. 6, 2012, file photo, shows the Amazon logo in Santa Monica, Calif. Amazon’s cloud-computing service Amazon Web Services experienced problems in its eastern U.S. region, Tuesday, Feb. 28, 2017, causing widespread problems for thousands of websites and apps. (AP Photo/Reed Saxon, File) Usually people don’t notice the “cloud”—unless, that is, it turns into a massive storm. Which was the case Tuesday when Amazon’s huge cloud-computing […]

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Craig Newmark, the entrepreneur and philanthropist who founded Craigslist, announced on Wednesday a $1 million gift to ProPublica. The gift will “allow ProPublica to deploy resources and address opportunities, including adding staff, where they are most needed over a wide range of issues in the public interest,” according to an announcement from the investigative nonprofit. “A trustworthy press is the immune system of democracy,” Newmark said in […]

TOKYO Already rare among Group of Seven leaders for the stability of his reign, Shinzo Abe will have a shot at becoming Japan’s longest-serving prime minister after his party changes a rule allowing him to serve a third consecutive three-year term. That would give Abe, whose resignation in 2007 after an earlier stint started a spate of revolving-door premiers, a chance to achieve his goal of revising […]

After a long wait of 4.5 years, the 29th edition of SANOG came back to Pakistan, this time in the countrys capital, Islamabad. The Pakistan Telecom Authority (PTA) and the Higher Education commission of Pakistan (HEC) came forward to jointly host the event at the HEC headquarters. SANOG 29 consisted of two days of conference, one day of tutorial alongside the Internet Society’s ION Conference, and the […]

Saudi Arabia’s King Salman on Wednesday landed at a military airbase in the capital of Indonesia, the world’s largest Muslim-majority country, to kick off the longest leg of a month-long trip across Asia. The visit is the first by a Saudi monarch in nearly five decades and will see the two nations sign a pact to combat terrorism, according to the Saudi envoy to Indonesia. Secular Indonesia […]

BAGHDAD A number of civilians and Islamic State members were killed in an attack that hit a mosque run by the militants and damaged neighbouring houses in the west of the Iraqi city of Mosul on Wednesday, three residents said on Thursday. The Omar al-Aswad mosque, in the al-Faruq district of the old city centre, was hit by an airstrike, three residents in the same area told […]

BRUSSELS Anheuser-Busch InBev, the world’s largest brewer, raised its forecast for savings from its near $100 billion takeover of SABMiller after weaker than expected earnings as beer sales suffered in Brazil. The company, now more than double the size of nearest rival Heineken, increased its cost savings and synergy target to $2.8 billion from $2.45 billion. This includes $1.05 billion that SABMiller had previously announced before the […]

Yahoo CEO Marissa Mayer says that she wants her annual bonus and equity stock grant redistributed to employees, following the security breaches that happened in 2013 and 2014 but came to light only in 2016. In a Tumblr post, the executive made the announcement, saying that she’s holding herself accountable for the 2014 hack, which occurred during her term. “I am the CEO of the company and […]

The raid is a delicate issue in the Trump administration because the president authorized it five days into office, over dinner at the White House with Mr. Mattis and several other senior officials. But in an interview with “Fox & Friends” on Tuesday, Mr. Trump seemed to distance himself from the operation, saying that responsibility for the decision to go forward rested with his generals. “This was […]

The Bank of Japan published detailed schedules of planned asset purchases for the first time on Tuesday as it seeks to prove its commitment to a zero per cent cap on 10-year government bond yields. Japan’s central bank said it will buy a minimum of ¥1.375tn and a maximum of ¥2.175tn of government bonds during March, giving a series of dates and estimated sizes for its planned […]

By Christian Shepherd | BEIJING BEIJING Chinese state media said on Thursday that a prominent Chinese rights activist had made up “fake news” of torture to grab international headlines, but his defenders said the accusations were a coordinated attempt to smear his name. State media said disbarred lawyer Jiang Tianyong, 46, was behind news reports of police torturing another detained rights activist, Xie Yang, and that Jiang […]

The federal government has announced that the Australian Signals Directorate (ASD) will be receiving critical infrastructure upgrades at two of its national security facilities in Canberra. The AU$75 million upgrades to the intelligence agency will be funded under the Defence Integrated Investment Program, Minister for Defence Personnel Dan Tehan said on Thursday. “The ASD is essential to Australia’s national security and these improvements will help keep Australians […]

SEOUL Isolated North Korea is developing sophisticated tools to digitally spy on its citizens, who are increasingly using mobile devices to connect to each other, a U.S. government-funded report released on Wednesday says. The report, “Compromising Connectivity”, says North Korea has allowed the growing use of mobile phones and domestic internet access in return for the detailed information the network feeds Pyongyang’s surveillance state. “By giving citizens […]

KUALA LUMPUR Malaysia will cancel visa-free entry for North Koreans entering the country from March 6, state news agency Bernama reported on Thursday citing the deputy prime minister. North Koreans will be required to obtain a visa before entering Malaysia for national security reasons, Ahmad Zahid Hamidi was quoted as saying on Bernama. The move comes two weeks after Kim Jong Nam, the estranged half brother of […]

For 2017, Toyota has added its most fuel-efficient Prius ever: a plug-in gasoline-electric hybrid called Prius Prime that can travel up to 640 miles on a full electric charge and a single tank of fuel. With its federal government fuel ratings of 54 miles per gallon on gasoline power and 133 mpg-equivalent on electricity plus gasoline, the new Prius Prime is the most fuel-efficient plug-in gasoline-electric hybrid […]

Republica de Panama a former Spanish settlement is sandwiched between the Caribbean Sea and the Pacific Ocean. The landscape offers an amazing opportunity for tourism and tax-free zone offers to set up offshore companies; the choice between both is up to you. In other words, you will be in Panama for blonde or for pelf. A German newspaper Suddeutsche Zeitung obtained the records of some staggering 11.5 million […]

WASHINGTON The U.S. House of Representatives intelligence committee will investigate allegations of collusion between Donald Trump’s presidential campaign and Russia, the top Democrat on the panel said on Wednesday. “We have reached a written agreement, the minority and the majority in the House intelligence committee, that we will investigate allegations of Russian collusion with the Trump campaign,” Democratic Representative Adam Schiff said on MSNBC. U.S. intelligence analysts […]

/By Arabian Post Staff/ The success of DIFC and DMCC  has inspired a US-based group to recreate the model in the western hemisphere. The C-MCC Development Group LLC,  a US-based development group, announced that it will establish the C-MCC Worldwide Free Trade Zone on Curacao island,  patterned after the successful Dubai Multi Commodities Centre (DMCC) and the Dubai International Financial Centre (DIFC) located in the United Arab […]

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