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Your daily guide to community and cultural activities across the Emirates for April 23, 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 Art exhibition See […]

The weekly EIA report showed a surprise rise in gasoline inventories and a further rise in oil production, which rattled oil bulls. Image: Shutterstock 22 April 2017 Big commodity swings have been witnessed during the past month, not least in the farm sector where bloated global stocks and the prospect of another bumper year — weather permitting — have led to heavy selling by hedge funds […]

 “Thousands of new doors opened and rents soared. This created a bubble, and like housing, that bubble has now burst.”         – Richard Hayne, Urban Outfitters CEO, March 2017 The devastation in the US retail sector is accelerating in 2017, and in addition to the surging number of brick and mortar retail bankruptcies, it is perhaps nowhere more obvious than in the soaring number of store closures. […]

By Barbara Goldberg | NEW YORK NEW YORK American Airlines on Saturday apologized to a female passenger and suspended an employee after a video showing an onboard clash over a baby stroller went viral, in the latest embarassment for a U.S. carrier over how it treated a customer. The clip, posted to Facebook on Friday by a bystander on the flight, shows a woman in tears with […]

The mountain-sized 2014 JO25 asteroid safely avoided Earth in its close flyby on April 19 but left behind a heap of data for researchers to analyze. Besides sparking avid discussions on how humanity would perish in a big asteroid collision, the event provided astronomers with the perfect opportunity to study the enormous space rock and gather as much information as possible on the general characteristics of asteroids. This […]

The Doogee Shoot 2 is a nice looking phone. It is well built and sturdy and feels solid in my hand. It seems thicker than the Meizu phones I reviewed earlier this year, but it is not as flexible or as slim. The phone measures 5.61 inches (142.6mm) by 2.86 inches (72.6mm) and is 0.37 inches (99.5mm) thick. It weighs 6.08 ounces (174g) and is available in […]

April 21, 2017 by: Anjli Raval, Oil and Gas Correspondent Oil was set for the biggest weekly drop in a month as market confidence in Opec’s ability to overpower a resurgent US shale industry wavered. US benchmark West Texas Intermediate fell below $50 a barrel on Friday — down $1.32 to $49.39 — by 6.45pm in London. The global Brent marker dropped $1.24 to $51.75 a barrel. […]

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© Seb Jarnot I arrive at La Méditerranée, a traditional fish restaurant in a literary quarter of the Left Bank, Paris, at 7pm to find its blue doors firmly bolted. Charlotte Rampling has just confirmed our reservation, but our dining slot appears to have fallen foul of that particularly French timetable that decrees that no civilised person would ever want to eat before 8pm. In a panic, […]

Friday 08:30 BST What you need to know ● European and Asian stock markets firm after Wall Street rally● Euro holds above $1.07 in cautious trading ahead of French election● Bund yields up 1bp to 0.25 per cent despite political tensions● Global steelmakers shrug off Trump tariff threat● Oil prices gain but gold pulls back——————- Hot topic Investor attention is turning to eurozone assets ahead of Sunday’s […]

By Maiya Keidan and Jemima Kelly | LONDON LONDON Hedge funds lost out on Tuesday after British Prime Minister Theresa May shocked markets by calling a snap election, but those led by humans outsmarted those led by machines, in a reversal of fortunes from the Brexit referendum. While computer-driven hedge funds garnered plaudits for their outperformance in the wake of Britain’s shock vote to leave the European […]

Wall Street still exudes widespread optimism that 2017 will provide another year of solid if unspectacular economic growth and only gentle interest rate rises. With the S&P 500 up over 4.5 per cent for the year, here is a series of charts that will hearten investors of a more bearish persuasion. While there are good reasons why each chart should not be taken too seriously, together they […]

By Roberta Rampton | JAKARTA JAKARTA U.S. Vice President Mike Pence toured Southeast Asia’s largest mosque on Thursday during a visit to Indonesia, calling the Muslim-majority nation’s tradition of following a moderate form of Islam “an inspiration to the world”. Pence, an evangelical Christian, has sought to use his trip to soften some of the harsher edges of rhetoric about the Muslim world used by U.S. President […]

The interiors of Inked at Alserkal Avenue in Al Quoz are reworked and sectioned off into 10 tiny roofless rooms. Behind each door is a different narrative, complete with vivid scenery and at least one actor or dancer. In one, a girl writes down her dreams and hangs each note on an apple tree; in another, a baker describes the secret ingredients in his pastel-coloured, ornately iced […]

Thursday 08:00 BST What you need to know ● European bourses soft despite positive Asia session and as US futures steady● Energy shares under pressure as oil struggles to recover from sell-off ● Dollar soft as sterling and euro shrug off election concerns● Sovereign bond yields hold near recent lows ● Gold prices add 0.1 per cent to $1,281 an ounce——————- Hot topic Oil prices are steadier […]

Photo The Monastery of St. Catherine, near Mount Sinai in Egypt, where a policeman was killed and four others were wounded on Monday. Credit Pedro Costa Gomes/Agence France-Presse — Getty Images CAIRO — Gunmen attacked a checkpoint near the iconic St. Catherine’s Monastery in Sinai, one of the oldest Christian monasteries in the world, killing one police officer and wounding four others on Tuesday evening, Egypt’s Interior […]

Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, on Tuesday approved a proposal to distribute 10 percent of it share capital, equivalent to AED1.301 billion ($354 million), as a cash dividend to shareholders. Addressing shareholders, Mohamed Alabbar, chairman of Emaar Malls and Emaar Properties, said the success of Emaar Malls is led by the UAE’s robust growth and the vision of Sheikh Mohammed […]

Iceland’s finance minister has admitted it is untenable for the country to maintain its own freely floating currency, just days after it lifted capital controls imposed in the wake of its near financial collapse in 2008. Benedikt Johannesson told the Financial Times that the Nordic island of just 330,000 people would look at options to link Iceland’s krona to another currency, most likely the euro or pound. […]

As I dive overboard and into the warm, milky blue waters, a thought crosses my mind. Is this the third or fourth near-pristine beach our boat has cast anchor off today? I continue to ponder this question as I strap a mask and snorkel to my head, dip my face underwater and gaze in pleasure at the wrasse and butterfly fish darting between boulders and coral heads. […]

Fox News is facing fresh legal and financial challenges after a third employee joined a racial discrimination lawsuit while a dozen brands stopped advertising on Bill O’Reilly’s top-rated programme following new allegations of sexual harassment and verbal abuse. The allegations that the cable network knew of complaints from black employees two years ago and failed to investigate them, coupled with the news of advertisers distancing themselves from […]

The ‘Panama Papers‘ scandal was one of the biggest data leaks in history. But a year on from the exposé by the International Consortium of Investigative Journalists (ICIJ), it appears to be simply ‘business as usual’; as few governments have meaningfully tackled the issues of tax avoidance and evasion. Unparalleled leaks The leak was huge. It contained 11.5 million documents, and named more than 200,000 companies, 14,153 clients in […]

By Nichola Saminather | SINGAPORE SINGAPORE Asian shares inched lower on Tuesday as caution reigned ahead of a potentially tense meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping later this week. The dollar lost ground after investors sold stocks overnight and looked to safe havens as political uncertainty overshadowed positive U.S. economic data and solid growth in global manufacturing. European markets were also […]

April 4, 2017 by: Hudson Lockett in Hong Kong Tuesday 06.00 BST Overview Asian bonds rallied on Tuesday and yield on US Treasuries dipped to a five-week low ahead of key US events later in the week, while sentiment on South Africa’s rand soured further after S&P downgraded the country’s credit rating. Hot topic The yield, which moves inversely to price, on 10-year US Treasuries rose 1 […]

By Jane Wardell | WELLINGTON WELLINGTON The tail-end of powerful Cyclone Debbie, which left a trail of destruction in northeast Australia, lashed New Zealand on Tuesday, closing highways and causing a major landslip. The storm hit parts of New Zealand still recovering from a devastating earthquake last November and the New Zealand Met office warned of several days of heavy rain, with some regions set to receive […]

By Yashaswini Swamynathan U.S. stocks were flat on Monday, with investors awaiting the earnings season to justify high valuations, and, more immediately, the implications of President Donald Trump’s “very difficult” meeting with Chinese President Xi Jinping. Trump said in a tweet last Thursday that the meeting over the coming Thursday and Friday would be “a very difficult one” as the United States could not risk massive trade […]

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