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By Manuel Mogato | MANILA MANILA Southeast Asian countries have altered a statement to be issued at Saturday’s ASEAN summit to include references to militarization and island-building in the South China Sea, the latest draft shows, in a move likely to frustrate Beijing. Chinese embassy representatives in Manila had sought to influence the content of the communique by lobbying Philippine officials, two ASEAN diplomatic sources told Reuters. […]

It has been a long time since an HP business device made me sit up and take notice, but the latest Elitebook x360 has changed that. In a world where manufacturers continue to push tablets with keyboards as productivity devices, I’m increasingly convinced that convertible laptops are the superior option. The Elitebook x360 1030 G2 is first and foremost a very good laptop, and the ability to […]

BRASILIA Brazil’s President Michel Temer deplored violent clashes in Rio de Janeiro during a national strike on Friday but said his government would press ahead with its agenda of reforms aimed at balancing the budget. Temer criticized demonstrators who blocked roads and prevented workers from reaching their jobs during the one-day strike against his proposals to reform labour laws and pensions. “The work to modernize the country’s […]

Integrated lifestyle development establishes a new benchmark for experiential travel in the region Dubai, UAE – 27 April 2017 – Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, together with Marriott International (NASDAQ: MAR) today announced plans to launch the region’s first cinema-themed concept at Aloft Dubai City Centre Deira. The concept will feature a unique […]

MANILA A strong earthquake measuring 7.2 struck off the coast of Mindanao island in the Philippines on Saturday, and the country’s seismology agency advised people to stay away from coastal areas but expected no major damage. There were no immediate reports of destruction or casualties, but witnesses said the quake was very strong and shook the ground and walls. The Pacific Tsunami Warning Center said there was […]

When the Nasdaq Composite index first spent two days above the 5,000 mark, it signalled the last gasp of a spectacular bull market. Confidence in internet companies’ power to change the world and mint fortunes was about to collapse. Seventeen years later the market has hit a milestone of 6,000, part of a run of record highs for global equity markets. While stocks have again been rising […]

By Alastair Macdonald | BRUSSELS BRUSSELS European Union leaders will endorse a stiff set of divorce terms for Britain at a summit on Saturday, rejoicing in a rare show of unity in adversity, but well aware that may start to fray once negotiations begin. Meeting for the first time since British Prime Minister Theresa May formally triggered a two-year countdown to Brexit in late March, the 27 […]

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DETROIT Tesla Inc needs to complete fixing its Model S sedan emergency braking system to regain Consumer Reports’ top safety rating, the magazine said on Friday, noting that a recent update by the luxury electric car maker was not enough. The magazine, which provides an annual rating of vehicles sold in the United States, said on Wednesday the sedan had lost its top ranking in the ultra-luxury […]

Rumors of a mighty Galaxy Note 8 have already been making rounds for a good while, but Samsung just confirmed it. At one point after the two Galaxy Note 7 recalls, it seemed uncertain whether Samsung would continue the series and launch a Galaxy Note 8. Rumors started to intensify nonetheless and it seemed like a given that a Galaxy Note 8 would arrive this year, and […]

When it comes to cars, I take the philosophy of buy and hold – possibly motivated by my regular beat as a personal-finance journalist. If you’re going to buy new, which I resorted to after being horribly stung by poor-quality second-hand motors in the UAE, the only way to justify the high outlay is to keep the car as long as possible. Which is why my family […]

Alphabet/Google announced first quarter financial results that beat Wall Street estimates. But the jump in revenues hides a large problem that hasn’t been solved. From Matthew Lynley at Techcrunch The Google core business is, as usual, quite boringly efficient. We tend to see the same story every quarter – the value of each ad (cost-per-click) goes down while the number of ad impressions goes up, and Google […]

North Korea tested a ballistic missile on Saturday morning local time, in a provocative move that came just hours after Rex Tillerson, US secretary of state, called on UN member states to impose “painful” sanctions on the regime in Pyongyang. US Pacific Command, which oversees US forces in Asia, said North Korea launched a missile at 5.03am local time on Saturday from a location near Pukchang airfield, […]

When the U.S. Marines and Allied forces stormed the beaches of Normandy in June 1944 over 200,000 Allied forces lost their lives in a matter of weeks. Now, courtesy of some futuristic military technology, “storming a beach” can be done from a completely remote location with some machine-gun wielding robots and not a single human casualty.  Per a recent Fox News note, in addition to miniature robot […]

By Jack Kim and Michelle Nichols | SEOUL/UNITED NATIONS SEOUL/UNITED NATIONS North Korea unsuccessfully test-fired a ballistic missile on Saturday from a region north of its capital, Pyongyang, South Korea’s military said, defying intense pressure from the United States and the reclusive state’s main ally, China. The test came as U.S. Secretary of State Rex Tillerson warned the United Nations Security Council that failure to curb North […]

By Philip Pullella | CAIRO CAIRO Pope Francis celebrates a Mass in a military stadium on Saturday, the last of a two-day visit to Cairo where he has called for leaders of all faiths to reject religious violence and denounce intolerance. Three weeks after Islamic State militants killed at least 45 people in attacks on two Egyptian churches, Francis has used his trip to launch a strong […]

Average apartment sales prices in Abu Dhabi fell by 1 percent in the first quarter of 2017 while villa prices slumped by 9 percent amid wide-scale downsizing in the emirate, according to Chestertons. The real estate agency’s Abu Dhabi Residential Market Q1 2017 report also said rents for apartments and villas fell by 3 percent in the same period. “Sales prices are expected to further decline due […]

BAGHDAD Four Iraqi traffic policemen were killed on Friday when a suicide car bomb blew up outside their station, close to a street where several foreign media have offices in Baghdad, a security spokesman said. Five people were also wounded by the blast on Abu Nawas street, which runs alongside the east bank of the Tigris river, he said. The French embassy is located in the same […]

I was at an event recently that screened a 1956 short film—Key to the Future—in which GM envisions what self-driving cars would look like in 1976. The footage—with a uniformed guy in a control tower directing a singing family along a highway for autonomous vehicles—inspired chuckles from the audience. One aspect of the video that did become a reality is the interstate highway system, a […]

Nobody should ever attempt to judge an investment over a period of just 100 days. It is far too short a time to assess the quality of performance and far too prone to random effects. And in any case, most of us need results over very much more than 100 days. It is therefore a little random to be judging the Trump presidency’s impact on investors after […]

The first study illustrating the safety and efficacy of endoscopic needle-knife therapy for intestinal strictures in patients with inflammatory bowel disorder has been released by physicians. The results appear to be promising. (via WSJ)

28 April 2017 Beirut, April 27, 2017 US$ 43.9 billion of assets US$ 36.0 billion of customers’ deposits US$ 17.0 billion of loans to customers Advertisement US$ 3.8 billion of shareholders’ equity US$ 110 million of net profits in the first quarter of 2017, of which 23% from Odea Bank and 10% from Bank Audi Egypt, raising the contribution of entities abroad to consolidated net profits to […]

By Girish Gupta | LOS TEQUES, Venezuela LOS TEQUES, Venezuela Hundreds of activists marched on Friday to the hilltop jail of Venezuela’s best-known detained opposition leader Leopoldo Lopez in the latest of a month of protests against the socialist government. Security forces blocked access to the decrepit-looking penitentiary next to a slum in Los Teques, an hour’s drive from the capital Caracas, as the demonstrators shouted “Leopoldo!” […]

NEW YORK Stocks edged lower on Wall Street on Friday after data showing the U.S. economy grew at its weakest pace in three years in the first quarter gave traders a reason to cash in recent gains. The Dow Jones Industrial Average .DJI fell 40.82 points, or 0.19 percent, to 20,940.51, the S&P 500 .SPX lost 4.58 points, or 0.19 percent, to 2,384.19 and the Nasdaq Composite […]

HARGEISA// Medical aid has been delivered to thousands of children and elderly people in Somalia by the Zayed Giving convoys. The treatment, was carried out under the supervision of an Emirati-Somali volunteers’ team and is part of a global humanitarian initiative that aims to alleviate the suffering of the needy. The initiative forms part of 2017 being designated as the Year of giving by Sheikh Khalifa bin […]

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