It’s laudable that Trump wants to bring factories back to USA. But how about virtual, monetary factories? Moving financial institutions such as banks, insurers, brokerage houses, exchanges, and other institutions brings the most bang for the buck when it comes to revitalizing America’s economy. As we explain in Splitting Pennies, even though money doesn’t exist, it’s the most important part of a healthy economy. The business climate […]
By Nelson Acosta and Ana Isabel Martinez | HAVANA HAVANA Cubans will begin massing on Havana’s Revolution Square from Monday for a week-long commemoration of Fidel Castro, the communist guerrilla leader who led a revolution in 1959 and ruled the Caribbean island for half a century. Castro died on Friday at the age of 90, a decade after stepping down due to poor health and ceding power […]
By Lisa Barrington | BEIRUT BEIRUT Several thousand residents of rebel-held eastern Aleppo fled shifting frontlines, residents and a monitor said on Sunday, after a rapid advance by the Syrian army and allied forces that rebels fear could split their most important urban stronghold in two. The army and its allies took control on Saturday of the large Hanano housing district, on the northeast frontline of the […]
TOKYO Oil prices tumbled on Monday on fears that producer countries may fail to agree an output cut, pressuring U.S. stocks and the dollar as traders reversed their “Trumpflation” trade as weak oil prices would reduce pressure on U.S. interest rates to rise. That gave some relief to Asian shares, which had underperformed on worries about capital flight to higher-yielding U.S markets in the weeks since Donald […]
Details regarding Apple’s rumored iPhone 8 have been making the rounds over the last couple of weeks. A new report claims the company is working with LG on a new 3D dual-lens camera. Ever since Apple released the iPhone 6 and iPhone 6 Plus in 2014, the company has used more than just the larger 5.5-inch displays of its Plus models to differentiate it from its 4.7-inch […]
Masdar Institute students’ blueprint for an integrated rapid transit system features choice of express or normal services to suit every pocket, and online ticketing and route planning to keep bookings simple. ABU DHABI // Imagine hopping on to a city bus knowing it will make fewer stops to your destination, and remove the stress from your morning travel. Or how about being able to plan the entire […]
By Roberta Rampton and Dustin Volz | PALM BEACH, Fla./WASHINGTON PALM BEACH, Fla./WASHINGTON U.S. President-elect Donald Trump said in a tweet on Sunday that he won the popular vote in the Nov. 8 election “if you deduct the millions of people who voted illegally”, though he provided no evidence of widespread voter fraud. The allegation by Trump, who won the required votes in the Electoral College to […]
SAO PAULO Lewis Hamilton’s pet bulldog Roscoe, who occasionally accompanies the triple Formula One world champion to races, has had his sperm frozen to ensure he can have puppies in future. Hamilton, racing at what could be a title-deciding Brazilian Grand Prix, revealed the news on an instagram account (roscoelovescoco) set up in his pets’ names and followed by nearly 100,000 fans. “Roscoe in great spirits. Due […]
CAIRO: Egypt on Sunday denied Arab media reports claiming that it had a military presence in Syria, days after President Abdel Fattah El-Sisi expressed his support for the Syrian Army.“These claims only exist in the imagination of those who promote them,” the Foreign Ministry said in the statement.On Thursday, the Lebanese newspaper As-Safir said that 18 Egyptian air force pilots had been deployed on a military base […]
BEIJING Chinese police have formally detained nine people involved in a power plant construction project in the east of the country which collapsed last week killing 74 people, state news agency Xinhua said on Monday. The accident happened on Thursday morning in Fengcheng, in Jiangxi province, during work on a cooling tower for a coal-fired power plant. A tower crane collapsed, triggering the collapse of the entire […]
Soaring US ecommerce sales on the day after Thanksgiving have put Black Friday on course to challenge Cyber Monday as the year’s busiest online shopping day. But the opening days of the holiday shopping season have also seen heavy discounting that could weigh on retailers’ profits. US ecommerce sales hit a record $3.34bn on Black Friday, a 22 per cent increase from 2015, according to Adobe Digital […]
Germany’s Nico Rosberg won his first Formula One world championship on Sunday after finishing second in a tense Abu Dhabi Grand Prix won by Mercedes team mate Lewis Hamilton After all the suspense and expectation, the race saw Hamilton chalking up his 10th win of the season, and fourth in a row, but powerless to do anything about the championship outcome despite making every effort. His attempt […]
By Drazen Jorgic | ISLAMABAD ISLAMABAD There will be no immediate shift in Pakistan’s military policy under the new army chief, the country’s defence minister said, after Prime Minister Nawaz Sharif appointed a new military leader on Saturday. Lieutenant General Qamar Javed Bajwa will replace retiring army chief Raheel Sharif when his three-year term ends on Tuesday, a rare example of a smooth transition in a nation […]
U.S. President-elect Donald Trump on Monday said his administration will scrutinize what he called “abuses” of visas amid speculation that he intends to restrict the flow of skilled workers into his country. In a two-minute video posted on YouTube, Mr. Trump for the first time since the Nov. 8 election articulated to the public what he plans to do during his first 100 days in office. “On […]
Photo Browns quarterback Josh McCown (13) being sacked by Giants defensive end Jason Pierre-Paul during the fourth quarter. The Giants’ defense finished with seven sacks and eight tackles for a loss. Credit Gregory Shamus/Getty Images CLEVELAND — Like pushing on an open door, the Giants handled the winless Cleveland Browns on Sunday afternoon, with wide receiver Odell Beckham Jr. overcoming a thumb injury early on to catch […]
In these volatile times, gold is more important than ever. Bonner & Partners’ Bill Bonner explains in this two-part series, the importance of ‘real money’ and why you need it now… Many years ago, before the invention of modern money or capitalism, people still had wealth – although limited. And they still had ways of keeping track of it. The principle of “fair trade” seems to be […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices fell over 1 percent on Monday, extending declines from last Friday as doubts re-emerged over the ability of major producers to cut output at a planned meeting on Wednesday aimed at reining in global oversupply. Brent crude futures LCOc1 were trading at $46.40 per barrel at 0035 GMT (7.35 a.m. ET), down 84 cents, or 1.8 percent, from their […]
Samsung has officially recalled all Galaxy Note 7 due to faulty batteries that caused many handsets to explode or catch fire. The smartphone is no more officially available in the market but its Grace UX is being rolled out to other devices. Grace UX is the updated version of TouchWiz, which is currently available in most of Samsung phones. Grace UX was first launched in Galaxy Note 7, […]
By Andy Sullivan | WASHINGTON WASHINGTON An internal dispute among Donald Trump’s advisers broke out into the open on Sunday when his campaign manager warned that the president-elect could face an intense backlash from supporters if he chose Mitt Romney to be his secretary of state. Trump has been weighing whether to pick Romney, the 2012 Republican presidential nominee who spent much of the past year criticizing […]
Saudi Arabia’s energy minister Khalid al-Falih said on Sunday that he believed the oil market would balance itself in 2017 even if producers did not intervene in it. Any intervention will aim to expedite the balancing process, Falih told reporters at the headquarters of national oil giant Saudi Aramco. Under a preliminary agreement reached in September in Algeria, the Organisation of the Petroleum Exporting Countries would reduce […]
It is hard to believe that less than 50 years ago, life in the UAE relied entirely on the natural environment. When you look at photographer Richard Allenby-Pratt’s images of landscapes across the country, the devastation to the fine balance of a desert ecosystem caused by modern consumptive lifestyles is heartbreaking. Shots of the Hajar Mountains in Fujairah reveal great trenches carved out for cement production. On […]
By Elias Biryabarema | KAMPALA KAMPALA The Ugandan authorities said on Sunday 41 tribal insurgents and 14 police officers were killed in clashes in the west of the country, and the tribal king of the area near the border with the Democratic Republic of Congo was detained. The police, who announced the death toll on Twitter, said the clashes took place in the Rwenzori region, where there […]
Donald Trump has attacked Hillary Clinton’s campaign team for backing an election recount effort based on suspicions that foreign hackers rigged the vote in key states, even as the US President-elect made the unsupported claim that “millions” of Americans cast ballots illegally. Reacting to a weekend decision by the Clinton campaign to participate in a recount in Wisconsin, one of three swing states targeted for new counts by […]
A new species of frog, whose groin flashes orange to scare away predators, has been discovered in Australia. When biologist Simon Clulow spotted the frog’s unusual marble pattern on its belly, he knew it could be a previously unknown species, a find made all the more unusual as it was not in a remote habitat but on land close to an airport. “Nowadays many new discoveries are […]
