The UAE will close down a business for 72 hours and impose a severe financial penalty for value added tax evasion, according to tax consultants who attended a VAT briefing by the Ministry of Finance (MoF). The briefing for advisors took place last week ahead of a nationwide awareness campaign by the MoF that will educate various stakeholders on the collection of VAT ahead of its implementation […]
By Kentaro Hamada and Taro Fuse | TOKYO TOKYO U.S. nuclear developer Westinghouse Electric Co plans to seek bankruptcy protection from creditors on Tuesday as it struggles with losses that have thrown its Japanese parent Toshiba Corp into crisis, people familiar with Toshiba’s thinking said. Pittsburgh-based Westinghouse, crippled by cost overruns at two U.S. projects in Georgia and South Carolina, will file for protection under Chapter 11 […]
By Daniela Desantis | ASUNCION ASUNCION Security forces surrounded Paraguay’s Congress on Tuesday while lawmakers argued over a possible change in law that would allow President Horacio Cartes to run for re-election, a move that the opposition says would weaken democratic institutions. A bill allowing presidents to run for a second five-year term was defeated in the legislature last year. This week a group of senators asked […]
newslide Adele fans who didn’t catch her on her huge world tour – which kicked off 14 months ago and has just four dates remaining – may be out of luck in the future. The New Zealand Herald reports Adele told the audience during Sunday night’s show in Auckland that “touring isn’t something I’m good at” and she doesn’t know if she “will ever tour again.” The […]
The former chief financial officer of Rupert Murdoch’s Fox News Channel has been offered immunity from prosecution by government lawyers investigating payments to women allegedly harassed by Roger Ailes, the network’s former chairman, according to people briefed on the case. Mark Kranz was CFO of Fox News from 2004 until last year, leaving the channel shortly after Mr Ailes was pushed out by its parent company, 21st […]
Photo One of Bahman Jalali’s photographs, part of “Iran-Iraq War” (1980-1988), which is among those that won’t be displayed at the Aipad Photography show. Credit Bahman Jalali, courtesy Ag Galerie Tehran When this year’s edition of the Aipad Photography Show opens on Thursday, one of its booths will be empty — a casualty of President Trump’s travel ban. Ag Galerie, which was to have its debut at […]
ABIDJAN Democratic Republic of Congo’s government confirmed on Tuesday that two bodies discovered by villagers were those of two U.N. investigators who disappeared this month in an area wracked by a violent uprising. “It’s now a certainty. It is the two investigators. We identified the third body in the grave with them as their Congolese interpreter,” Communications Minister Lambert Mende said. (Reporting by Joe Bavier; Editing by […]
By Francesco Guarascio and Tom Körkemeier | BRUSSELS BRUSSELS European Union lawmakers want to tell Britons they can change their minds and stay in the EU after Prime Minister Theresa May triggers a two-year Brexit countdown on Wednesday. The European Parliament is drafting a resolution to respond to May’s notice of withdrawal under Article 50 of the EU treaty. Senior lawmakers said it would stress London could […]
Elon Musk, pictured in 2015, referenced a new company called Neuralink in a tweet, promising to elaborate in a blog post Tech entrepreneur Elon Musk hinted Tuesday that he is working on a new startup focusing on brain-computer interface, part of his vision to help humans keep up with machines. Musk, the founder of electric carmaker Telsa and exploration firm SpaceX, referenced the new company called Neuralink […]
A Delhi businessman figured in the Panama papers has for over decade “represented” an Italian currency paper firm which has got several supply contracts in India including emergency contracts after demonetization. Citing fresh leads from Panama papers, The Indian Express reported that Delhi-based businessman Satya Prakash Gupta represented the Italian currency paper major Fabriano, which was among the nine companies that got contracts for emergency currency-paper supplies […]
The Gulf emirate of Qatar is tiny, but it’s made a name for itself by placing big bets. Thanks to vast reserves of natural gas, its 2.6 million residents enjoy the world’s highest per-capita income: $129,700 a year. Qatar has acquired more than $335 billion worth of assets around the globe, buying up trophies such as London’s Shard, the tallest building in Europe. The emirate has also […]
PARIS Francois Hollande’s election as president in 2012 was supposed to herald a new dawn for French socialism after 17 years of right-wing rule, but by June his party could be struggling to survive. Weeks before the start of an election to pick France’s next president, the ruling bloc is in tatters. Socialist Party (PS) nominee Benoit Hamon is floundering after adopting a hard-left programme that alienated […]
Era defined by seemingly random and unrelated events combining to create new structures Delegates told to ignore traditional bureaucracy and ‘listen to the information flow’ Global Manufacturing and Industrialisation Summit held at the Paris-Sorbonne in Abu Dhabi from March 27-30, 2017 Abu Dhabi, UAE, March 28, 2017 Beth Comstock, Vice Chair, GE, told delegates to the inaugural Global Manufacturing and Industrialisation Summit (GMIS) that we […]
When it comes to hedge fund paranoia, few can hold a light to the world’s undisputed leader: Ray Dalio’s Bridgewater – the former employer of current FBI director James Comey – which in addition to maintaining absolute secrecy about its operations, policies and culture, and vigorously pursuing anyone who disseminates Dalio’s famous morning notes, has relentlessly sued any former employees who breach the company’s notorious non-compete. And […]
U.S. stocks opened little changed on Tuesday as investors assessed President Donald Trump’s first major policy stumble, while awaiting comments from several Federal Reserve policymakers including Fed Chair Janet Yellen. The Dow Jones industrial average .DJI was down 16.24 points, or 0.08 percent, at 20,534.74, the S&P 500 .SPX was down 1.8 points, or 0.07 percent, at 2,339.79 and the Nasdaq composite .IXIC was down 2.92 points, […]
ANKARA Turkey was warning Europe not to interfere in a referendum next month on changing the constitution and expanding President Tayyip Erdogan’s powers, Prime Minister Binali Yildirim said on Tuesday, adding Europe should “mind its own business”. The issue of the referendum has already badly strained relations between Turkey and several European countries, including Germany and the Netherlands, after they banned Turkish ministers from campaigning in their […]
Lenovo-owned Motorola could have a new smartphone in the pipeline, dubbed the Moto X 2017. A series of leaked images have surfaced online, which suggest that there is a possibility that the company may soon announce the next-gen Moto X smartphone. The leaked images of the alleged Moto X 2017 were posted on Google+ on March 28 by a user called Jerry Lin. Two images show off the next-gen Moto […]
During the 2016 United States presidential campaign, property tycoon and reality TV personality Donald Trump frequently promised that if he were elected, he would go to Washington and “drain the swamp”, removing career political hacks and bringing in new blood. When he was elected, however, in addition to packing the White House with relatives and controversial figures, he picked a long-time swamp-dweller for one of the most […]
Cuban president Raúl Castro is preparing to step down next year, Venezuela has cut millions of dollars in aid and Donald Trump’s election has cast a shadow over the nascent US-Cuba detente. Unnerved by the changes, Havana’s domestic reform drive has ground to a halt as the Communist party battens down the hatches. Marino Murillo, the senior official leading Cuba’s reforms, has not been heard in public […]
Index provider FTSE Russell is to consult with stakeholders about including Snap in its widely followed Russell indices, amid investor worries about lack of shareholder rights at the newly listed messaging app provider. The consultation, to be officially launched in the coming days, is the latest sign of growing interest among “passive” fund managers in the corporate governance of the companies their index-tracking model obliges them to […]
BEIJING The inaugural flight of a new charter service from North Korea’s capital to the northeastern Chinese city of Dandong landed on Tuesday, the official Xinhua news agency said. The launch comes amid ongoing tensions on the Korean peninsula over the hermit state’s missile and nuclear tests, which it says are in response to joint drills between the United States and South Korean military. The twice-weekly flight […]
Can I make this LED bulb a user interface to my home? Image: Simon Bisson First, a confession. I always wanted one of those internet-connected rabbits. You know the ones: they’d glow yellow if it was sunny, drop an ear if the NASDAQ had conniptions, and make burbling noises when a friend was trying to Skype you and you’d turned off all your speakers. What they were […]
By Maha El Dahan and Polina Devitt | CAIRO/MOSCOW CAIRO/MOSCOW Syria has received 50,000 tonnes of Russian wheat as humanitarian aid, Syrian and Russian government sources said on Tuesday. The two cargoes arrived in March, they said. However, no Russian wheat from the commercial deals signed with state grain buyer Hoboob have arrived yet, the Syrian government source said. The Russian Agriculture Ministry declined to comment. Russian […]
By Isabel Coles | MOSUL, Iraq MOSUL, Iraq Investigators are in the Iraqi city of Mosul to determine whether a U.S.-led coalition strike or Islamic State-rigged explosives caused a huge blast that destroyed buildings and killed more than 200 people, a U.S. military commander said. Conflicting accounts have emerged since the March 17 explosion in al-Jadida district in west Mosul, where Iraqi forces backed by U.S.-led coalition […]
