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Sony posted its consolidated financial results for the fiscal year 2016 and the PlayStation 4 had a great performance, albeit the company expects a slight decline. In the fiscal year 2016 ended on March 31, 2017, Sony shipped a record-breaking 20 million PS4 consoles, marking the system’s best performance ever. 60 Million PS4 Units Shipped In Total That contributes to a total of 60 million PS4 units shipped worldwide, […]

Your daily guide to community and cultural activities across the Emirates for April 29, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Film screenings Register […]

After a dismal fourth quarter, it seems that Europe’s investment banks have got some of their swagger back.  Switzerland’s UBS grew investment bank profits by more than 50 per cent in the first quarter, even though it is hard to imagine a recovery less well-suited to the Swiss bank which is short on the US exposure and the markets businesses that have driven the strong results of peers.  Credit Suisse […]

Police and townsfolk in Waynesboro, Virginia, are trying to figure out why someone is abducting pet cats and returning them with hairless underbellies. Since December, at least seven cats have suddenly shown up at their homes with shaved belly, groin and leg areas, Waynesboro Police Captain Kelly Walker said on Friday. “The shaving appears to be almost surgical,” Walker said. No harm was done to the animals, […]

Boarding completed, seatbelts are fastened and the aircraft is slowly rolling over the tarmac to the runway, almost ready for takeoff. But before the plane can leave the ground, all passengers are made aware of the safety features on board via video on screen. Safety videos are a necessary form of visual communication to ensure all passengers can follow procedures in case of an unlikely emergency. However, […]

Bioluminescent mushrooms, an unusual and beautiful sight of nature, have intrigued researchers for years. Scientists have also attempted to unravel the mystery behind why some mushrooms glow in the dark. A team of researchers from Japan, Russia, and Brazil have finally decoded the mystery of the glow-in-the-dark mushrooms. In a new research paper, scientists detailed the reason why two mushroom types exhibit bioluminescence. The researchers focused on […]

On the last day of the busiest earnings week in a decade, here is a striking statistic from Goldman Sachs, showing just how dominant a handful of large cap companies have become in terms of both overall profitability and market impact: Year to date the top 10 contributors have combined to account for 37% of the S&P 500 index return (more than double their market cap representation […]

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Emerging market equities have been the darling asset class de jour in 2017, mainly in Asia and Latin America, despite the March FOMC rate hike, a US Dollar Index at or above 100 and a mini-swoon in crude oil after a Saudi-Russian output cut spat. Earnings growth (India/Thailand) a stabilized currency (China), policy reforms (India, Brazil, Indonesia) local interest rate cuts (Brazil) and lower US protectionist policies […]

April 28, 2017 by: Hudson Lockett in Hong Kong Friday 05.00 BST Overview Equities fell on Friday in Asia as the region’s markets took their cues from an underwhelming session on Wall Street, while currencies pared earlier rises amid mixed signals on the future of Nafta. Hot topic Asia-Pacific equities were choppy after Wall Street investors on Thursday digested the prospects of the Trump administration’s proposed tax […]

Dubai (Masaader News) April 27, 2017 – Ebtkaar New Media Services, a UAE-based company, has launched “Masaader News ” platform, a news analysis web platform that provides 24/7 economic, political and social updates on the GCC, Middle East and Global News in Arabic and English. The company said in a press release: “Masaader News is not only a news portal, but also a service that allows job […]

MANILA, Philippines – The Philippines has taken the limelight in Southeast Asia not only as the host of the ASEAN Summit this year, but also as a center of infrastructure development in the region given the government’s aggressive infrastructure push. The country’s lead infrastructure agencies said in a press briefing yesterday their respective infrastructure development programs have garnered strong interest from other members of the Association of […]

Since at its core, yesterday’s 1-page “tax plan” was a Goldman creation, who better to explain what Trump offered than Goldman Sachs itself, which it did overnight in a far lengthier note from its chief Washington analyst Alec Phillips.  Here is Goldman with an elaboration of the handful of bullet points contained on the much anticipated one page, extended to 6 pages. Q&A on the President’s Tax […]

· “The Middle East remains an extremely important region and we are committed to enhancing our customer experience,” says Robert Williams · British Airways’ recently announced investment plans to boost customer experience with the new First Wing now open to passengers flying from Kuwait · Airline set to launch 22 New Routes in 2017 expanding its network of onward connections for Kuwaiti and wider Middle […]

This Ramadan, put together outfits that offer both style and coverage, incorporating mainstream trends such as ruffles, denim, gingham prints and more. Here are a few ideas to get you started. newslide Look 1: Bohemian stripes Add accessories punctuated with gold hardware to a feminine, pastel-toned pinstriped dress. Dress, Dh1,390, Majem Earrings, Dh39, Call it Spring at Namshi.com Bag, price on request, Chloe at Harvey Nichols Dubai […]

President Donald Trump’s top economic team unveiled what they called the biggest tax cut in US history, proposing a sharp reduction in corporate taxes and a simplification of individual rates they said would unleash economic growth. Steven Mnuchin, the Treasury secretary, said the proposal would slash corporate taxes from 35 per cent to 15 per cent and include a “one-time” cut-rate tax to induce companies to repatriate […]

Saudi Arabia’s Iyad Al Hakami was crowned ‘Ameer Al Shu’ara’, The Prince of Poets in the seventh season of the highly popular talent quest. In what was a night of celebration for the kingdom, the second position was also taken by a Saudi national, Tariq Al Sumayli. Al Hakam’s win was the second consecutive season a Saudi national has won the title with last season’s winner being […]

It’s taken the new chief executive of the London Metal Exchange Matthew Chamberlain four years to understand the complexity of the 140-year-old bourse. Now he’s on a mission to simplify it. Days after his appointment was announced by the LME’s parent Hong Kong Exchanges and Clearing the 35-year-old former investment banker has outlined his vision to attract more customers and protect London’s place as the centre of […]

SEOUL A South Korean court on Wednesday ruled that the ride-hailing group Uber Technologies Inc [UBER.UL] illegally used private vehicles for commercial purposes, in the latest legal setback for the U.S. firm in Asia’s fourth biggest economy. Uber’s operations in South Korea were not expected to be impacted by the ruling, since it suspended its UberX service after prosecutors filed charges against the local unit in 2014 […]

Authored by Gaius Publius via Down With Tyranny blog, “We don’t want a unified Korean peninsula … We [also] don’t want the North Koreans to cause more trouble than the system can absorb.” —Hillary Clinton, 2013, speech to Goldman Sachs Our policy toward North Korea is not what most people think it is. We don’t want the North Koreans to go away. In fact, we like them […]

Wednesday 03:00 BST Overview Momentum from a buoyant Wall Street carried over into Asia trading as equities rallied while bonds and oil prices continued to slide. Hot topic Stock markets across the region took their cues from Wall Street, where on Tuesday the S&P 500 neared a record closing high and the tech-focused Nasdaq closed above 6,000 for the first time. In Sydney, the S&P/ASX 200 was […]

Several months ago, when it was still conventional wisdom that Trump wanted to replace Janet Yellen – at least until Trump’s famous WSJ interview in which he flipped on this and various other issues – with a hawk once her turn runs out in 2018, the financial punditry was busy coming up with potential replacement names, a practice which gradually faded away once it emerged that Trump […]

The public should be able to freely access the names of the people behind the ownership of assets and bank accounts in order to boost transparency and stop secret shell companies being used for criminal activity. This is the key contention of a host of submissions to Treasury as part of the federal government’s plans to increase transparency of the beneficial ownership of companies following the Panama Papers revelations. Play […]

By Andrew Chung | WASHINGTON WASHINGTON The U.S. Supreme Court on Tuesday appeared poised to clamp down on where corporations can be sued, a potential setback for plaintiffs’ lawyers who strive to bring cases in courts and locales they consider friendly. The nine justices in two separate cases heard appeals of lower court rulings allowing out-of-state injury lawsuits against drug maker Bristol-Myers Squibb Co(BMY.N) and BNSF Railway […]

In 2014, a landmark Center investigation detailing controversial denials of black lung benefits to coal miners — “Breathless and Burdened: Dying from Black Lung, Buried by Law and Medicine” — won in the category of investigative reporting. The year-long investigation illuminated how doctors and lawyers working at the behest of the coal industry helped defeat benefit claims of coal miners who were sick and dying of black […]

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