FRANKFURT PSA Group (PEUP.PA) has pledged to the German government to continue operating all four of Opel’s German production sites as part of the French carmaker’s planned takeover of General Motors’ (GM.N) European arm, German Sunday paper Bild am Sonntag reported. The planned sale was confirmed by both companies on Tuesday, raising the specter of cutbacks in the wake of a deal because Europe’s car industry has […]
Theresa May has ordered her top officials to examine Kraft Heinz’s proposed takeover of Unilever to see if it raises concerns for the wider British economy and merits government intervention. The $143bn takeover approach is a big test for Mrs May’s industrial policy: last year she criticised Kraft’s 2010 takeover of the British chocolate maker Cadbury — the US company reneged on a promise to retain factories […]
The two projects, the first to open since Mr. Trump became president, are among the dozen international business deals from his former life still moving forward — from India to Indonesia, Uruguay to the Dominican Republic. None of them are “new deals,” as defined by the family, as they were already well underway before the election. Continue reading the main story A Web of Complications Mr. Sajwani […]
Here are the questions the FT Markets team will be pondering this week: What do retail flows mean? Money flows are widely watched but, like anything in markets, there is signal and then there is noise. Investors poured money into global stock funds last week, one when US stock markets set fresh records, and US long-only equity funds received the first net inflow of cash ($0.5bn) in […]
By Edward McAllister | DAKAR DAKAR For one Gambian government minister, the ceremonial swearing in of President Adama Barrow marked the new dawn of a democracy he was jailed 22 times for trying to defend – once for every year autocratic ex-ruler Yahya Jammeh was in power. At an inauguration ceremony at the national stadium on Saturday, Barrow vowed to turn the page on Jammeh’s often cruel […]
UAE-based pharmaceutical manufacturer Julphar has reported a positive outlook for 2017 despite “difficult and uncertain” times in the regional economic cycle. The company, which announced the launch of two medications prescribed for the management of Type 2 diabetes, as disease rates hit record levels in the Middle East in October, said it expected the MENA pharmaceutical markets to improve in 2017. Julphar said its pipeline of new […]
By Maher Chmaytelli and Isabel Coles | BAGHDAD/SOUTH OF MOSUL, Iraq BAGHDAD/SOUTH OF MOSUL, Iraq U.S.-backed Iraqi forces on Sunday launched a ground offensive to dislodge Islamic State militants from their remaining stronghold in Mosul, in the western part of the city, and put an end to their ambitions for territorial rule in Iraq. Iraqi Prime Minister Haider al-Abadi announced the start of the offensive, asking Iraqi […]
MUNICH U.S. Republican senators plan to introduce legislation to impose further sanction on Iran, accusing it of violating U.N. Security Council resolutions by testing ballistic missiles and acting to “destablise” the Middle East, a U.S. senator said Sunday. “I think it it is now time for the Congress to take Iran on directly in terms of what they’ve done outside the nuclear programme,” Senator Lindsey Graham, a […]
DAVAO CITY (MindaNews/ 19 Feb) — The Communist Party of the Philippines (CPP) has called on President Rodrigo Duterte to heed the clamor of various groups to reconsider his decision terminating the peace negotiations with the National Democratic Front (NDF) as it expressed willingness to proceed with the February 22 to 27 negotiations in The Netherlands, to work on a bilateral ceasefire agreement. As a “positive gesture,” […]
BAGHDAD A suicide bomber detonated an explosive belt on Sunday in the “My Fair Lady” neighborhood of Mosul that was retaken recently from Islamic State, killing one and wounding nine others, security sources said. A restaurant in the same area was hit on Feb. 10 by a suicide bombing that killed at least 10 people. U.S.-backed forces dislodged Islamic State from the east side of Mosul in […]
In light of the recent flurry of leaks by the so-called “deep state”, which includes such agencies as the NSA and FBI and which last week lead to the resignation of Mike Flynn after a phone recording of his phone conversation with the Russian ambassador was leaked to the WaPo and other anti-Trump publications, an article published on January 12 by the NYT has generated renewed interest. […]
By Saqib Iqbal Ahmed | NEW YORK NEW YORK U.S. stock investors may look to a host of results from consumer-facing companies including Wal-Mart Stores Inc (WMT.N) next week for signs on whether the recent market rally has more room to run. The consumer names are among the last major companies of the S&P 500 earnings season to report, but the results will also be watched for […]
Sci-fi MMORPG Entropia Universe is developing a new feature known as the Battle Simulator, the first prototype of which is being planned to be released on Feb. 28 alongside a version update. Not all details have been revealed by the Entropia Universe development team, but here is what we know so far about the Battle Simulator. Entropia Universe Battle Simulator Official Details In a series of blog posts on the official […]
Donald Trump has closed out the first month of his presidency by returning to his raucous campaign style and lashing out at the media as an agenda-bearing component of a corrupt system determined to undermine his time in office. A day after dubbing journalists the “enemy of the American people” at the end of the rockiest week so far of this White House’s short existence the new […]
UAE-based developer Manazel Real Estate has announced that it is preparing to launch a major coastal project in the Ghantoot area, an area situated between Dubai and Abu Dhabi. The project is currently in the licensing stage, with further details to be announced at the Cityscape exhibition in Abu Dhabi in April, the company said in a statement. Mohamed Mehanna Al Qubaisi, chairman of Manazel Real Estate, […]
By Cod Satrusayang | BANGKOK BANGKOK Thai police ordered thousands of worshippers to leave the country’s biggest Buddhist temple on Sunday so it can intensify its search for its former abbot, who is wanted on money-laundering charges. Thailand’s ruling junta used a special emergency law on Thursday to let police explore the scandal-hit Dhammakaya Temple after months of failing to get it to hand over Phra Dhammachayo. […]
special feature Harnessing IoT in the Enterprise The tech revolution is spreading to every corner of the earth with the Internet of Things, and it’s enabling data analytics and automation in ways never before imagined in business. Depending on whose numbers turn out to be right, there will be somewhere between 20 and 200 billion “things” connected to the internet by 2020. We all know about the […]
KUALA LUMPUR Malaysian police said on Sunday that they were looking for four more North Korean suspects in connection with the murder of the estranged half-brother of North Korean leader Kim Jong Un. Malaysian police arrested a North Korean man on Friday in connection to the murder of Kim Jong Nam. Two female suspects, one an Indonesian and the other carrying Vietnamese travel documents, have also been […]
YANGON Two members of Myanmar’s security forces were injured in a clash with militants on the troubled Rakhine State border with Bangladesh, Myanmar state counselor’s office said, casting doubt on the government’s claim that the region had stabilised. The government last week said the situation in northern Rakhine had stabilised and that it had ended a four-month security crackdown on Rohingya Muslims. The security operation had been […]
For populists on both sides of the Atlantic, “expert” is now an expletive, a synonym for out-of-touch elitists swindling the common man. This was perhaps most obvious during the Brexit referendum campaign, when the UK Justice Secretary and “Leave” advocate Michael Gove told a stunned interviewer that “the people of this country have had enough of experts … from organizations with acronyms saying that they know what is best.” Polling indicates […]
Al Shafar Steel Engineering has announced plans for a AED175 million ($47.6 million) expansion of its facilities located at Dubai Industrial Park. The expansion, which will result in one of the largest steel manufacturing companies in the region, is geared to grow the company’s operational footprint in the UAE and the wider GCC region, Al Shafar said in a statement. The company said it will add four […]
By Julia Edwards Ainsley | WASHINGTON WASHINGTON The Department of Homeland Security has prepared new guidance for immigration agents aimed at speeding up deportations by denying asylum claims earlier in the process. The new guidelines, contained in a draft memo dated February 17 but not yet sent to field offices, directs agents to only pass applicants who have a good chance of ultimately getting asylum, but does […]
DUBAI Iran has found shale oil reserves of 2 billion barrels of light crude in its western Lorestan province, a senior official at the state-run National Iranian Oil Company (NIOC) was quoted as saying on Saturday. “Based on studies, it is estimated that the shale oil reserves in Ghali Koh in Lorestan amount to 2 billion barrels of oil in place,” Bahman Soleimani, NIOC’s deputy director for […]
When life gives you a second chance, the best choice (if not the only choice most of the time) is to take it. For a man from Wyoming, he was a given a second chance – and more. Andrew Sandness was 21 and battling depression in 2006 when he attempted to take his life. He shot himself in the face. He didn’t die and he knew right […]
