Political uncertainty is slowing trade growth, a World Bank report has concluded, indicating that the rise of Donald Trump may already be casting a shadow over the global economy. Major international institutions such as the IMF, the OECD and World Bank have recently upgraded their forecasts of global economic growth largely due to expectations that tax cuts, rising infrastructure spending and a wave of deregulation will boost the […]
Wednesday 12:45 GMT Overview US equity futures suggest Wall Street will dip from record levels that were reached amid a positive outlook for economic growth. Political concerns leave the euro carrying the wooden spoon in the forex markets, while the rush for supposed havens pushes short term German bond yields to their lowest ever. Hot topic The FTSE All-World equity index is at another record, up 0.1 […]
Dubai, United Arab Emirates, February 22, 2017-(ME NewsWire) Concourse D marks its first anniversary on February 24 following a successful inaugural year that saw over 16.6 million passengers enjoy its customer-friendly design and top-flight retail and food and beverage offering. Concourse D, which represents the final major piece of infrastructure to be built at DXB as part of the $7.8 billion Strategic Plan 2020 programme, was a […]
By Tuvan Gumrukcu and Michele Kambas | ANKARA/ATHENS ANKARA/ATHENS Cyprus reunification talks were in disarray on Wednesday after reports the Turkish Cypriot side would not join this week’s meeting in an escalating row that opened old wounds over past Greek Cypriot ambitions to unite with Greece. Talks between Greek Cypriot leader Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci were abruptly interrupted last week over a decision […]
BERLIN A false alarm was sounded in a school in Menden in western Germany on Wednesday, local government officials said on Twitter, after media reported an armed man had entered it. “We can confirm that this was a false alarm,” the local government of Arnsberg, neighbouring Menden, said on its official Twitter account. Earlier, police said they had deployed forces to a school in Menden, near Dortmund, […]
I’m an innovation evangelist with SAP. Each year, I present at about 50 conferences around the world, talking to business and IT audiences about the impact of the latest technologies. I’ve been doing this for a long time, but I’ve recently noticed a change. When I talk about topics such as analytics and big data, audiences are clearly looking for lessons learned that they can apply to […]
Welcome to Local Edition! I’m Kristen Hare, I’m a reporter at Poynter, and I’m so glad you’re here. This is the first edition of this newsletter (you can subscribe here), and here’s how it will work: Each month, we’ll feature a different theme related to the future of local news. My goal is to build a conversation week to week and month to month. I hope that […]
BEIJING Authorities in a violence prone area of China’s western Xinjiang region are offering 100 million yuan ($14.5 million) in rewards for anti-terror tips, state media said, a policy that coincides with a dramatic rise in regional security spending. Hundreds of people have been killed in Xinjiang in the past few years, most in unrest between members of the Muslim Uighur minority, who call the region home, […]
MOSCOW Russia’s Supreme Court on Wednesday cancelled the conviction of prominent anti-Kremlin activist Ildar Dadin and ordered his release from jail, Interfax news agency reported. Dadin, 34, was sentenced to three years in prison – reduced to two and a half on appeal – in December 2015 for a series of peaceful one-man protests against the Kremlin. “Dadin is to be released from custody,” Interfax cited the […]
Over the past year we’ve frequently written about the alarming homicide rates in Chicago (see “Chicago Violence Worst In 20 Years: ‘Not Seen This Level Of Disrespect For Police Ever’“). But, the Wall Street Journal recently conducted an analysis of homicide data since 1985, for the 35 largest cities in the United States, and found that Chicago isn’t the only place where violent crime is surging. As […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil traders from around the world, including the United States, Britain and Brazil, have tripled their sales to Asia as they take advantage of an emerging supply gap following OPEC-led production cuts announced late last year. Around 30 supertankers have this month made long-haul trips to ship crude oil from the Americas, the North Sea and the Mediterranean to refineries across […]
Why Bariloche? San Carlos de Bariloche – or just Bariloche – is in northern Patagonia, in what’s known as Argentina’s Lake District. The area, close to the Andes, is ideal for outdoor enthusiasts and offers a wealth of summer and winter activities. It also acts as an ideal starting point for hikers looking to head farther south to El Chaltén, El Calafate and Torres del Paine. The […]
Paul Polman thought it was just going to be an informal catch-up. But it quickly became clear that Alexandre Behring, chairman of Kraft Heinz, had something very specific on his mind when he visited Unilever’s art deco headquarters in London last month. Had Mr Polman, chief executive of Unilever since 2009, ever considered a collaboration with Kraft Heinz, Mr Behring wanted to know. Mr Polman took this […]
Photo Prime Minister Benjamin Netanyahu of Israel, left, with his host, Prime Minister Malcolm Turnbull, in Sydney, Australia, on Wednesday. The visit was a first by a sitting Israeli leader. Credit Jason Reed/Reuters SYDNEY, Australia — Prime Minister Benjamin Netanyahu of Israel was warmly welcomed here Wednesday by his Australian counterpart, Malcolm Turnbull, with the Israeli leader promoting the two countries’ growing ties as Israel faces rising […]
JOHANNESBURG South Africa’s decision to withdraw from the International Criminal Court (ICC) has been ruled unconstitutional by the country’s High Court, the opposition party which brought the challenge to the government’s move said on Wednesday. South Africa has officially notified the United Nations of its intent to withdraw from the Rome Statute, the 1998 treaty establishing The Hague-based court. The International Criminal Court, which opened in July […]
Australia’s mobile networks have again risen in the global rankings to being the fifth fastest in the world with an overall speed of 26.25Mbps across 3G and 4G, according to telecommunications coverage mapping company OpenSignal’s latest report. South Korea was ranked first, with 37.54Mbps overall speeds — calculated on the average mobile data connection based on speeds and availability of 3G and 4G networks — followed by […]
SEREMBAN: Two men were charged at the Sessions Court here on Wednesday with 11 counts of money laundering involving more than RM10.3mil. The first of the two – 44-year-old Nor Hazaini Yahya – claimed trial to seven counts of money laundering involving RM8,933,229.76. He allegedly obtained the proceeds of unlawful activities at four locations in Seremban and Nilai between Aug 8, 2014 and Jan 29, 2015. In […]
Demand for American hardwoods expected to pick up in the first half of 2017 as key projects near completion 22 February 2017 The American Hardwood Export Council (AHEC), the leading international trade association for the American hardwood industry, is gearing up to participate at the Dubai WoodShow 2017, which will take place from March 7 – 9 at the Dubai International Convention and Exhibition Center (DICEC). The […]
LONDON Britain will provide additional aid money to South Sudan, where famine has been declared in parts of the country, and to Somalia, where there is a credible risk of famine, the government said on Wednesday. Britain will provide 100 million pounds ($125 million) to each country in 2017/18 in addition to existing flows of aid. “The world faces a series of unprecedented humanitarian crises and the […]
ALMATY A Russian Progress cargo space craft blasted off for the International Space Station from the Baikonur cosmodrome in Kazakhstan on Wednesday, the first such mission since a failed launch in December. The space craft, carried by the same Soyuz booster rocket as used for manned launches, took off at 11:58 (0558 GMT) with the launch broadcast live by NASA TV. It is due to dock with […]
Vocus Communications has announced its financial results for the first half of FY17, revealing a net profit of AU$47.2 million, up from AU$24.2 million a year previous due to its acquisitions of M2 and Nextgen. Statutory earnings before interest, tax, depreciation, and amortisation (EBITDA) were AU$168.3 million, up from AU$60.7 million a year previous, while underlying EBITDA — excluding acquisition, integration, and other costs — was AU$187.2 […]
MANILA The foreign minister of the Philippines expressed doubt on Wednesday that a maritime sovereignty dispute with China could be resolved “during our lifetime”, so it was better to set it aside, engage Beijing and avoid an armed confrontation. In a defence of President Rodrigo Duterte’s decision not to push China to abide by an international arbitration ruling that went in Manila’s favour last year, Foreign Secretary […]
Oil company Saudi Aramco [IPO-ARMO.SE] has selected JPMorgan Chase & Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters for its planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The listing of Aramco is expected to be the world’s biggest initial public offering and could raise up to $100 billion. The IPO is the centerpiece of […]
KGI Securities has always been known for accurate iPhone leaks. Last Feb. 21 it sent a missive to its clients detailing the possibility that the iPhone 8 will be featuring a revolutionary selfie camera technology. The front-facing camera module will purportedly get outfitted with 3D sensors that will naturally allow users the capability to take 3D selfies. According to KGI Securities analyst Ming-Chi Kuo, it is unprecedented […]
