As the region’s avid online shoppers get set for another record-breaking 4-day shopping festival, SOUQ.com ensures a seamless and exciting shopping experience for customers – With the introduction of new Fashion, FMCG and lifestyle categories, 50% of units sold expected to be non-electronics – More than 100K mobiles, 100K health & beauty products and 50K apparel items on sale this year 16th November, 2016, Dubai, […]
BERLIN The new chief executive of Hugo Boss (BOSSn.DE) said he expects to return the struggling German fashion house to growth in 2018, announcing plans to simplify its brand portfolio and adjust prices in a bid to appeal to younger customers. Mark Langer, the former finance chief who was appointed CEO in May, said the company will focus in future on two main brands – upper premium […]
While emojis will certainly not replace texts in messages anytime soon, it is increasingly integrated into modern electronic communication. That is why when Apple redesigned the peach emoji for an iOS 10 beta version, the company drew immense amount of flak, prompting a complete turnaround. Realistic iOS Style This issue has two important variables going for it. First, there is Apple’s drive to redesign the entire range of […]
Center for Public Integrity veteran John Dunbar has taken over as the organization’s new chief executive officer. Dunbar, 52, has worked at the Center for more than 12 years covering three separate stints. He first worked for the Center from 1999-2006, and during that time created the “Well Connected” project, an investigation of the political ties of the media and broadband industries. He came back briefly in […]
Photo Costa Rica players after a goal on Tuesday night. The Americans, tied for last place in their group, will have to wait four months to play again. Credit Moises Castillo/Associated Press SAN JOSE, Costa Rica — The defense was a shambles. The midfield had little presence. The attack, such as it was, just spun and sputtered. How bad was it? It is difficult to know where […]
Long-simmering tensions between Donald Trump and the Washington foreign policy establishment burst into the open on Tuesday after a respected former congressman quit the transition team and a leading neoconservative publicly warned colleagues not to join the incoming administration. Mike Rogers, former chair of the House intelligence committee who had been one of the senior figures advising the transition on national security, stepped down as head of […]
At the end of last week, the Reserve Bank of New Zealand cut interest rates. It could yet prove the last central bank to do so in the current cycle. For an inkling of why, look no further than the US government bond market. Treasuries are enduring their worst sell-off since the taper tantrum of 2013, when then Federal Reserve chairman Ben Bernanke first signalled the end […]
TOKYO A pause in both the sell-off in global bonds and sharp rise in the dollar following Donald Trump’s election victory, together with Wall Street’s record high overnight helped Asian shares steady on Wednesday from a four-month low struck a day earlier. President-elect Trump’s plans to cut taxes and boost infrastructure spending would boost demand while his proposals to deport illegal immigrants and impose tariffs on cheap […]
Snapchat parent company, Snap Inc., has just filed confidentiality for its initial public offering (IPO), according to reports. News about a Snapchat IPO at a $25 billion valuation first surfaced back in October, and new reports now bolster such claims. The company is reportedly seeing to raise $4 billion, which would lead to a valuation of $25 to $35 billion. The confidential filing with the Securities and Exchange […]
|By Matein Khalid| Donald Trump’s shock win will have a profound impact on the GCC economic constellation via multiple feedback loops. His economic policies mean a much higher US dollar, anathema to GCC economies since it correlates with stock/property market crashes, banking stress and oil slumps. This is the macroeconomic linkage due to the GCC US dollar peg whose lessons the region learnt the hard way in […]
The visiting delegation explored the Foundation’s programs and initiatives, and toured the Dubai Future Accelerators headquarters Dubai, November 15, 2016 Global future experts in Dubai to attend the two-day Annual Meeting of the Global Future Councils paid a visit to the Dubai Future Foundation’s headquarters in Jumeirah Emirates Towers Offices. The Foundation presented a number of its initiatives to the visiting delegation. This included items on display […]
Dubai, UAE, 16 November 2016 Visitors at Middle East Concrete and PMV Live 2016 can look forward to a host of exciting new innovations and product launches such as ground-breaking tractors, road trucks and rear tippers from 21-24 November at the Dubai World Trade Centre. Ford Trucks plans to display a range of 2017-model heavy commercial vehicles including an 1843T tractor and 3543M 6 x 4 and […]
|By Arabian Post Staff|Abu Dhabi is considering more mergers to boost its financial services industry after combining National Bank of Abu Dhabi and First Gulf Bank, Bloomberg reported quoting some people with knowledge of the matter. The agency said Abu Dhabi is weighing a plan to merge Abu Dhabi Commercial Bank PJSC and Union National Bank and also combine Abu Dhabi Islamic Bank with Al-Hilal Bank. But […]
The main US markets regulator on Tuesday approved a plan to introduce a vast surveillance system to monitor trading on the $23tn US stock market, ending six years of delays. The move by the Securities and Exchange Commission sets in motion a timetable to bring to reality its Consolidated Audit Trail, a single data warehouse that collects the millions of orders and quotes that daily pass across […]
This photograph shows the first pass of Echo 1, America’s first communications satellite, over the Goldstone Tracking Station managed by NASA’s Jet Propulsion Laboratory, in Pasadena, California, in the early morning of Aug. 12, 1960. The movement of the antenna, star trails, and Echo 1 (the long streak in the middle) are visible in this image. Source link
By Steve Holland and Emily Stephenson | WASHINGTON/NEW YORK WASHINGTON/NEW YORK President-elect Donald Trump closed in on naming two early Wall Street backers to key economic positions but jettisoned a national security expert from his transition team on Tuesday, a sign of the premium he places on loyalty as he confronts the task of building his administration. Trump, a Republican outsider who won a surprise election victory […]
By Lauren Hirsch and Liana B. Baker Snapchat has filed for an initial public offering, sources familiar with the situation said on Tuesday, which puts the messaging app a step closer to the biggest U.S. stock market debut since 2014. The Venice, California-based company could go public as soon as March and be valued at $20 billion to $25 billion, making it the largest IPO since Chinese […]
US President-elect Donald Trump is sending another strong signal that he plans to take a pro-growth and business friendly approach to economic policy, with leading New York investors Steve Mnuchin and Wilbur Ross on his short list for Treasury and Commerce secretary. The pair on Tuesday won the endorsement of billionaire investor and Trump backer Carl Icahn who turned to Twitter after speaking with the incoming Republican […]
A global trade union for construction workers that has criticized labour conditions in Qatar will inspect soccer stadiums being built for the 2022 World Cup. The Geneva-based Building and Wood Workers’ International (BWI), whose general secretary in 2015 said Qatar’s migrant workers faced conditions akin to “modern-day slavery”, will inspect safety on World Cup sites and labour accommodations starting next year, according to a statement by Qatar’s […]
By Paul Sandle | LONDON LONDON Google delivered a vote of confidence in London’s future as a technological hub after the Brexit vote on Tuesday by announcing plans for a new building in the King’s Cross area of the city that will house thousands of extra engineers. Google’s Chief Executive Sundar Pichai said computer science had a great future in Britain, citing the talent pool, educational institutions, […]
Donald Trump’s election victory heralds the beginning of a new era that will be marked by the retreat of globalisation and rising bond yields, according to Bridgewater’s Ray Dalio. Mr Dalio, the founder of the world’s biggest hedge fund group, said in a note on Tuesday that “there is a good chance that we are at one of those major reversals that last a decade”, similar to […]
MARRAKECH// The UAE delegation headed by Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of Presidential Affairs, attended the opening session of the Conference of Parties 22 on Tuesday. Sheikh Mansour thanked the government and people of Morocco for hosting this important event to tackle climate change and to put in place an effective mechanism for the implementation of last year’s Paris Agreement. The session was […]
Messaging app Snapchat has filed confidentially for an initial public offering (IPO), sources familiar with the situation said on Tuesday. The Venice, California-based company is in the process of planning one of the biggest technology IPOs in recent years, expected to come as early as March. Snapchat, whose parent is Snap Inc, was not immediately available to comment. (Reporting by Lauren Hirsch and Liana B. Baker) ‘); […]
MARRAKECH // The UAE is investing in “rain-enhancement” as lack of water could become a matter of national and environmental security, meteorologists have told the Conference of Parties 22. Scientists have been looking at techniques such as cloud-seeding and the first annual grant of US$5 million has been awarded to researchers seeking solutions. “Rain enhancement is a possible solution to water security, which is in turn related […]
