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The Joint Investigation Team (JIT) formed by Pakistan’s Supreme Court to probe graft allegations against Prime Minister Nawaz Sharif and his family in the Panama Papers case began its work on Tuesday with an informal meeting in Islamabad.  The apex court last week approved the six-member team comprising one representative each from the State Bank of Pakistan, Securities and Exchange Commission, National Accountability Bureau, Federal Investigation Agency, […]

In a mini-tweetstorm Friday that combined references to alleged unfair treatment of his spokespeople and the firing of FBI Director James Comey, President Trump raised the possibility of canceling regular briefings with the White House press corps. The Fake Media is working overtime today! — Donald J. Trump (@realDonaldTrump) May 12, 2017 …Maybe the best thing to do would be to cancel all future “press briefings” and […]

Earlier today, when looking at BofA’s internal credit and debit card data, we warned to expect a miss in retail sales: And, sure enough, the actual spending data once again did not disappoint when moments ago the Census reported April retail sales which, well, did disappoint across the board: Retail Sales up 0.4%, missing expectations of +0.6%,  up from an upward revised 0.1% Retail sales up 4.5% […]

May 12, 2017 IMPHAL, India – Fifteen seconds into the opening match of the 10th Manipur International Polo Tournament, after a long and feverish drumming performance, after the Manipur state chief minister had been properly honored with gifts and praise, after mounted players had paraded around the Mapal Kangjeibung polo ground with country flags held high, the home team scored on the Australians. It was a bright […]

European equities funds have enjoyed a $6.1bn rush of new inflows around the election of Emmanuel Macron. “Allez les flows“, says Bank of America Merrill Lynch, suggesting there’s still much further to go. “Our European Equity Strategist Ronan Carr argues Europe inflows are barely halfway to levels consistent with prior market peaks,” it says. (Read our full story on flows for more detail.) The new-found enthusiasm comes […]

Balikatan 2017 highlights humanitarian assistance & disaster response as well as counter-terrorism operations. Photo by Chiara Zambrano, ABS-CBN News. Troops from the Philippine and United States Army conducted urban search and rescue exercises in Fort Magsaysay, Nueva Ecija Friday, as part of humanitarian assistance and disaster response (HADR) training for Balikatan (shoulder-to-shoulder) exercises 2017. Simulating a disaster in the city, the two armies practiced search and extraction […]

Profits take a hit at Entertainment One. FT Opening Quote is your early Square Mile briefing. You can sign up for the full newsletter here. Efforts to strengthen Entertainment One’s film division will hit its full-year profits by almost £50m, the company announced today, after it renegotiated one of its main distribution agreements, writes FastFT. Entertainment One is best known for producing television programmes such as Peppa […]

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We recommend viewing the full-size version of today’s infographic by clicking here. Everyone knows that the U.S. Federal Government has roughly $20 trillion of debt. A question we often get, however, is who exactly owns all these treasuries? And if it’s held abroad by countries like China, what portion do they hold? Today’s infographic comes from TitleMax, and it looks at who owns U.S. debt internationally, as well as the debt […]

In 2005, when Alan Murray was rising through the ranks at The Wall Street Journal, he ponied up for an executive education program at Stanford. The cost? Around $45,000, back then. The length of the program? A few weeks. The whole experience left him thinking these programs were ripe for disruption from a competitor who could do it better and cheaper. “Businesses spend a lot of money […]

To watch the performance of the N League’s topchis and assorted bandmasters, it almost seems as if their leadership has scored a Waterloo triumph against the uniformed lot in the matter of the Dawn leaks. By announcing a virtual ceasefire the army has taken a step back, that’s for sure. To appease the army’s mood a few small sacrificial offerings have been made and that’s about it. […]

By Dan Levine | SAN FRANCISCO SAN FRANCISCO A U.S. judge on Thursday rejected Uber’s [UBER.UL] bid to send its high-profile trade secret dispute with Alphabet’s (GOOGL.O) self-driving Waymo unit to a private legal forum, a setback for the ride services company. U.S. District Judge William Alsup in San Francisco also partially granted Waymo’s bid for an injunction against Uber over its self driving car program. However, […]

Female professionals in Singapore are calling it quits, as 77% of them set their sights on better job opportunities in the next 12 months, according to findings from a new study by Monster.com. The study, which surveyed over 2,000 respondents across Southeast Asia, sheds light on the challenges women and mothers face in the workplace. Through the study, Monster.com wants to help employers understand how to bridge […]

While China growth has been slowing, and monetary conditions tightening, few (if any) have predicted any prolonged deflation (let alone a recession), yet overnight – for the first time ever – the $1.7 trillion Chinese bond market inverted, flashing a warning signal to the world that something is wrong. Early on Thursday, the five-year yield rose to 3.71%, breaking above the 10-year yield for the first time […]

A lot has changed in the past 14 years. Our big ol’ soft spot for Love Actually isn’t one of them.  And NBC knows this, which is why they’ve just dropped a brand-new trailer for Red Nose Day Actually – the reunion special that brings the entire gang back together for a good cause (a version of which already aired in the U.K.). Everyone looks older and […]

ISLAMABAD: The Joint Investigating Team (JIT) tasked with investigating corruption allegations against  Prime Minister Nawaz Sharif and his children has sought from the Election Commission of Pakistan asset declarations submitted to the electoral body by the premier and his son-in-law Captain (retd) Safdar, Geo News quoted sources as saying on Thursday. According to the sources, the JIT, set up by the Supreme Court in the light of […]

With the narrative of how the Comey firing went down in constant flux (The White House and President Trump contradicting each other), WSJ reports that Deputy Attorney General Rod Rosenstein pressed White House counsel Don McGahn to correct what he felt was an inaccurate White House depiction of the events surrounding FBI Director James Comey’s firing, according to a person familiar with the conversation. If you’re confused […]

More than 1,000 UiTM students attend Umno’s 71st anniversary celebrations at Bukit Jalil National Stadium as part of requirements for their co-curricular module. KUALA LUMPUR: More than 1,000 UiTM students were brought to the Bukit Jalil National Stadium here under a “voluntary patriotism” programme to participate in Umno’s 71st anniversary celebration today. Some of them were excited to be there, as they admitted to FMT, feeling upbeat […]

A thief, your kids skipping school or paranormal activity? That’s the question that Lighthouse aims to answer with its new interactive assistant. By combining sophisticated sensors with computer vision technology, the Lighthouse team hopes to deliver an experience that brings more day-to-day value than a mere home security solution. Coming out of Stealth today, the company is equipped with $17 million in venture capital financing from Eclipse Ventures, Playground Global, […]

For the 3rd month in a row, US Producer Prices have risen at a faster rate than The Fed’s mandate. April healdine PPI rose 2.5% YoY – the most since Feb 2012, and well above the highest anayst estimate, despite disinflationary credit impulse pressures from China being seen in industrial metals. The biggest driver is surging costs for investment advice! Core PPI (ex food and energy) rose […]

Google’s mobile search makes it easier to find events and buy tickets. Image: Google Google has rolled out a new mobile feature that makes it easier for its US users to find events and buy tickets. Google’s app for iOS and Android now offers an orderly rundown of upcoming events in results for searches about local events accompanied by bold date, time, and location details. There’s also […]

Facebook announced on Wednesday that it’s penalizing websites that contain little substantive content and junky advertising, the social network’s latest step to police its platform for content that users find objectionable or irrelevant. “We hear from our community that they’re disappointed when they click on a link that leads to a web page containing little substantive content and that is covered in disruptive, shocking or malicious ads,” […]

Authored by Whitney Webb via TheAntiMedia.org, When the U.S. overthrew the Taliban in the wake of 9/11 as part of its newly launched “war on terror,” it set the stage for the explosive growth of Afghanistan’s dying opium industry. A few short months before the invasion took place, the Taliban made headlines for having “dramatically ended the country’s massive opium trade” after the leader of the fundamentalist […]

If you’re ever looking for a teammate to join your pub trivia night, maybe international superstar singer Lorde could help you out. The Kiwi singer revealed on Australian radio station triple j that she’s won a $50 bar tab *and* a free pizza in her quiz defeating conquests before. Which is better than most of our efforts. While Lorde may not be able to drive — which […]

Domino’s DRU autonomous robot (Image: Domino’s) Domino’s has announced that its autonomous delivery vehicle is now operating commercially, delivering pizzas to customers in Hamburg, Germany. The robot delivery system was created in partnership with Starship Technologies, a European startup founded by two of Skype’s co-creators Ahti Heinla and Janus Friis in 2014. “Robotic delivery units will complement our existing delivery methods, including cars, scooters, and e-bikes,” Don […]

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