By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks rose early on Thursday, getting a lift from a record high close on MSCI’s global stocks benchmark after strong gains in oil prices buoyed energy stocks globally. Oil prices held on to 3 percent-plus overnight gains, their biggest one-day jump since Dec. 1, following a steep drop in U.S. inventories and support from Iraq and Algeria for an extension […]
An unabashed Donald Trump called for warmer US relations with Russia on Wednesday as his firing of FBI director James Comey sparked pressure from Democrats for an independent probe of his election campaign’s alleged ties to Moscow. Mr Comey’s dismissal shook Washington, igniting the biggest crisis of Mr Trump’s presidency as opponents amplified allegations throughout the day that the president was seeking to frustrate the FBI probe. […]
Just hours after the Fed’s March “dovish” rate hike, when stocks paradoxically surged to all time highs and yields tumbled, Goldman found something strange: “surprisingly, financial markets took the meeting as a large dovish surprise—the third-largest at an FOMC meeting since 2000 outside the financial crisis, based on the co-movement of different asset prices.” Even more surprising is that according to Goldman, its financial conditions index, “eased […]
Sultan bin Sulayem: The vision of Mohammed bin Rashid has turned innovative ideas into distinctive and brilliant achievements Go Global! This year Ideas Arabia gives winners of 2 categories – Executive Leadership & Idea of the Year, a unique opportunity to compete globally in ‘The Global Award’ taking place in 2018. Leaders and experts came together to meet for the two-day conference to support the […]
Researchers have investigated the influence of the geometry of single-molecule devices on their ability to produce electricity from heat. They fabricated devices consisting of a single molecule bridging gold electrodes and measured device electrical conductance and thermovoltage simultaneously. The devices with thiol-gold contacts displayed the highest thermovoltage when the gold-thiol bond was stretched, revealing that the thermoelectric performance of single-molecule devices can be modulated through geometry control. […]
By Yashaswini Swamynathan U.S. stocks were slightly lower on Wednesday, dragged down by Walt Disney’s disappointing results, while investors turned cautious after President Donald Trump fired his FBI chief. Disney (DIS.N) fell 2.5 percent and was the top drag on the Dow and the S&P 500 after the media company reported quarterly revenue below analysts’ expectations. Trump said he fired FBI Director James Comey, who had been […]
Saudis often liken Aramco, the kingdom’s state oil company, to a fat cow or productive hen. The company has for decades been the bedrock of the economy and the enabler of the government largesse to which Saudis have grown accustomed. Now its future has become a source of concern as disquiet grows over plans by Mohammed bin Salman, the deputy crown prince, to sell a 5 per […]
The Nintendo Switch version of Minecraft is set to be released on May 11, expanding the number of platforms where the popular block building game is playable. Minecraft‘s launch to the Nintendo Switch is largely expected to draw the same success as Mario Kart 8 Deluxe. Both games were released for the Nintendo Wii U, which was considered a failure especially compared to its predecessor, the Nintendo Wii. […]
Ticketek sells over 23 million tickets to more than 20,000 events each year, including concerts, sports, theatre, musicals, festivals, and exhibitions at iconic Australian venues such as ANZ Stadium, Qudos Bank Arena, and the Sydney Cricket Ground. A part of TEG Pty Limited, Ticketek considers itself a “truly digital” company, with ticketek.com.au allowing customers to browse, buy, and deliver tickets on their phone, through both the mobile […]
Gains in technology stocks on Tuesday allowed the Nasdaq Composite to add 0.3 per cent to another all-time closing high, while the S&P 500 inched off its most recent record set on Monday. In a listless day of trading, the Nasdaq Composite added 17.9 points to 6,120.59 by market’s close, while the S&P 500 fell 2.5 points to 2,396.91 after breaching the 2,400 intraday level for the […]
The news has been abuzz lately with a forex (foreign exchange market) investment company based in Penang. The company has around 400,000 investors/members, and they have all not received their promised dividends recently. Worse still, they were all denied access when they tried to log into their accounts on the website. Even when they tried going to the offices, they could not get answers because the offices were CLOSED!!! […]
Scientists discover that ‘hot’ electrons can create a photovoltage about a thousand times larger than ordinary temperature differences in nanoscale gaps in gold wires. This finding opens a path for plasmonic tunneling-based photodetectors for sensors, solar cells and electronics. (via WSJ)
Malta’s embattled prime minister, Joseph Muscat, is facing a growing rebellion in Brussels, where MEPs are openly calling for his departure amid a growing corruption scandal involving his wife, a Panamanian shell company and alleged payments from the president of Azerbaijan’s daughter. The Mediterranean island state’s presidency of the EU, which began in January, has been rocked by allegations of money laundering and kickbacks. Malta’s spell at […]
Authored by Jeff Thomas via InternationalMan.com, Recently, I published the comment that, when the present debt bubble eventually pops, “governments will lose the economic power to continue their advance against economic freedom.” The immediate reaction from one reader was, “What could we expect next?… The governments and Deep State aren’t going to ‘just go away.’” An excellent question—one which deserves an answer. We won’t need a crystal […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stock markets edged down on Tuesday following a flat close on Wall Street, as investors searched for the next catalyst following France’s presidential election, while oil inched higher on expectations OPEC supply cuts will be extended. Financial spreadbetters expect Britain’s FTSE 100 .FTSE, Germany’s DAX .GDAXI and France’s CAC 40 .FCHI to all open flat. The South Korean stock market, […]
Tuesday 02:50 BST Overview Stocks around Asia were mostly lower following a flat lead from Wall Street and as momentum after the French presidential election faded. Hot topic Emmanuel Macron, the independent centrist, was elected France’s president in the country’s election at the weekend, beating far-right candidate Marine Le Pen. Although Mr Macron’s victory was a cause for relief in markets and is seen as a broad […]
Whether for passion or greed, hunting the bones and baubles of ancient rulers makes for great drama – and the true-life tale of archaeologist Howard Carter, who discovered the lost tomb of Tutankhamun in 1921, is as amazing as the treasures he found. It remains one of the greatest archaeological achievements, with more than 5,000 items found including the boy-king’s death mask and coffin. The story of […]
Zaha Hadid’s first project in Dubai is a work of art to rival any of the renowned Iraqi-born architect’s award-winning structures, and will add something very different to the city’s burgeoning collection of prestige buildings. In many ways, a visit to Dubai’s Business Bay feels like a trip back to the future – to a city that feels eerily familiar to anyone who can remember the giddy […]
Film musical Beauty and the Beast and Netflix’s sci-fi newcomer Stranger Things were the night’s big winners at the MTV Movie & TV Awards, picking up two trophies apiece. This year, the 26th edition of what was formerly known as the MTV Movie Awards, television was added into the mix for the first time. Stranger Things was named Show of the Year, and its young breakout star, […]
Monday 16:30 BST What you need to know • The euro is losing momentum after touching a six-month high, down 0.6 per cent at $1.0925 • New York equity markets are muted; European equities markets are falling back, led by banks after early momentum from the French election continues to fade • Oil prices have also been volatile with both Brent and WTI seesawing either side of […]
If you are yet to encounter a freakshake, you soon will. These monster-sized milkshakes are the latest food craze popping up on menus across the country. Taking the shake to a whole new level, these calorie bombs are fully stacked with guilt-laden, belt-busting extras such as biscuits, cakes, chocolate bars – and more besides. Reportedly created at Pattisez, a cafe in Canberra in 2015, the massive, augmented […]
The most expensive Hermes Birkin bag made, which costs AED500,000 ($136,135), is now on sale in Dubai. Online boutique for pre-owned luxury designer goods TheLuxuryCloset.com is carrying the Hermes Red Porosus Crocodile, which is designed with 18K white gold and diamonds. The Birkin 35 bag, part of the most exclusive and expensive bag collections in the world, was custom made. Birkin handbags are usually sold to top […]
By Nigel Stephenson | LONDON LONDON European stocks and the euro pulled back on Monday from highs touched after Emmanuel Macron’s emphatic but well-flagged victory in France’s presidential election as investors’ focus shifted from politics to monetary policy. With the political risks that have dominated European markets in a year packed with elections seen receding, the European Central Bank is expected to have more room to tighten […]
In the early 1990s, the Dubai-based Spanish craftsman Pedro de Aranda was called upon to create a sculpture of a solid-gold falcon for Sheikh Zayed, the founding President of the UAE. De Aranda rendered the piece in his Paris workshop and brought it over to Abu Dhabi. A few months later, the then president of France was gifted the bird when he visited the UAE, and it […]
