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By Yashaswini Swamynathan The S&P 500 and the Nasdaq drifted higher to hit record intraday levels on Tuesday, supported by gains in technology and consumer staple stocks. As the first-quarter earnings season wraps up, investors’ attention will turn to developments in Washington that could overshadow Republican legislative priorities such as tax reform, healthcare and simpler regulations. Investors were wary after reports that President Donald Trump disclosed highly […]

SHANGHAI Air pollution in a key Chinese region surrounding Beijing worsened in the first four months of this year, despite tough new campaigns to enforce green regulations and punish offenders, official data published on Tuesday showed. In the Beijing-Tianjin-Hebei region, average concentrations of small breathable particles known as PM2.5 rose nearly 20 percent year-on-year to 85 micrograms per cubic meter from January to April, said the Ministry […]

By Dustin Volz and Jim Finkle | WASHINGTON/TORONTO WASHINGTON/TORONTO Cyber security researchers have found technical evidence they said could link North Korea with the global WannaCry “ransomware” cyber attack that has infected more than 300,000 computers in 150 countries since Friday. Symantec (SYMC.O) and Kaspersky Lab said on Monday that some code in an earlier version of the WannaCry software had also appeared in programs used by […]

By Guy Faulconbridge and Dustin Volz | LONDON/WASHINGTON LONDON/WASHINGTON The global WannaCry “ransomware” cyber attack spread more slowly on Monday with no major infections reported, as attention shifted to investment and government policy implications of lax cyber security. There were 213,000 infected machines in 112 countries as of 1000 GMT on Monday, according to Czech security firm Avast, making it one of the largest coordinated attacks to […]

U.S. stocks opened higher on Monday as a rise in oil prices boosted energy stocks, soothing some nerves following a massive cyber attack that locked up 200,000 computers in more than 150 countries. Oil hit a three-week high after top exporters Saudi Arabia and Russia said supply cuts needed to last into 2018, a step toward extending an OPEC-led deal to support prices for longer than originally […]

DUBAI // An Asian man has died and others are being treated for their injuries after a bus carrying 10 passengers crashed near Al Quoz industrial civil driving education centre. Dubai Police sent out a message on Twitter just after 7.30am to warn motorists about the collision. Other passengers involved in the incident have been treated by paramedics at the scene and transferred to Rashid Hospital. The […]

Oil prices jumped after the energy ministers from Saudi Arabia and Russia said they backed extending an Opec-led agreement to cut output until March 2018. Saudi energy minister Khalid al-Falih and his Russian counterpart Alexander Novak met on Monday in Beijing and discussed oil output policy. Russia is the world’s biggest oil producer, while Saudi Arabia is the biggest exporter. The two ministers said in a joint […]

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15 May 2017 The legal departments at Pepsi-Cola International, Total Marketing Middle East and Qatar Financial Centre Authority were among the big winners at the Middle East Legal Awards, which took place at The Ritz-Carlton, Dubai, on Thursday (11 May). The trio were named Legal Department of the Year in the large team, small team and government, department, agency or public body categories respectively. The award for […]

The cyber attacks that swept the globe on Friday likely aren’t over just yet: current data show more than 1.3m computer systems are still vulnerable to infection to the debilitating WannaCry infection. So far, 200,000 computers across 150 countries are known to have been infected in the first wave of the WannaCry cyber attack, Europol said on Sunday. “The recent attack is at an unprecedented level and […]

By Michael Martina and Christian Shepherd | BEIJING BEIJING North Korea kept a low profile at the opening of a summit in Beijing on China’s new Silk Road plan on Sunday, after the United States warned China Pyongyang’s attendance could affect the participation of other countries. North Korea’s attendance at China’s biggest diplomatic event this year raised further eyebrows after Pyongyang fired a ballistic missile early on […]

Chancellor Angela Merkel’s conservatives won a surprise victory on Sunday in regional elections in Germany’s most populous state, giving Europe’s most powerful leader a big boost in the run-up to national elections in September.  The Christian Democrats took control of North Rhine-Westphalia from their Social Democrat rivals, dealing a heavy blow to SPD leader Martin Schulz as he bids to unseat Ms Merkel in Berlin.  Meanwhile, the […]

By Ayesha Rascoe and Michael Martina | WASHINGTON/BEIJING WASHINGTON/BEIJING The United States and China have agreed to take action by mid-July to increase access for U.S. financial firms and expand trade in beef and chicken among other steps as part of Washington’s drive to cut its trade deficit with Beijing. The deals are the first results of 100 days of trade talks that began last month, when […]

Narwhals are known as the unicorns of the sea because of their distinct tusk. The purpose of this long tooth has been unclear but a new drone video of the marine mammals that were taken in Tremblay Sound in Nunavat, Canada helps unveil this mystery. What Are Narwhals? Narwhals are a species of toothed whale that are characterized by their long tusks that can grow as long as […]

By Kay Johnson | ISLAMABAD ISLAMABAD Pakistan signed new deals with China on Saturday worth nearly $500 million ahead of Beijing’s international forum on its “Silk Road” trade and infrastructure initiative for Asia, Africa and Europe, the Pakistani government said. The memorandums of understanding add to $57 billion already pledged for the China-Pakistan Economic Corridor (CPEC), a network of rail, road and energy infrastructure that is part […]

Nearly 70 years after he produced Hong Kong’s first plastic duck, toy industry veteran LT Lam’s factories in China now churn out everything from Transformers to Play-Doh. But with costs rising in China and the industry fragmenting because of technological advances and changing consumer tastes, the 93-year-old worries that Hong Kong could lose its decades-long role at the heart of the global toy industry. “We started with […]

PARIS French carmaker Renault stopped production at several sites on Saturday to prevent the spread of a global cyber attack that hit its computer systems, a spokesman said. “Proactive measures have been put in place, including the temporarily suspension of industrial activity at some sites,” the spokesman said. The Paris prosecutor has opened an investigation following the cyber attack, a judicial source told Reuters on Saturday. The […]

· Masaken to open UAE branch to explore new investment and strategic partnership opportunities · Board of Directors decides to study available investment opportunities before increasing firm’s capital 13 May 2017 Abu Dhabi, UAE – The Board of Directors of Masaken for Land and Industrial Development Projects (Masaken Capital), a company listed in Amman stock exchange, held its third meeting in 2017 on Thursday, 11 May, […]

Europe’s investment community has barely had time to breathe a sigh of relief following Emmanuel Macron’s victory in the French presidential elections before starting to fret about other latent threats to the eurozone. Some investors have hailed the election — in which Mr Macron, a pro-EU liberal defeated Marine Le Pen, the Eurosceptic rightwing candidate — as a sign that Europe’s economic recovery remains on track. This […]

With this new, unique X-ray machine, NIST can make some of the world’s most accurate measurements, and calibrate everyone else’s X-rays, too. (via WSJ)

MEXICO CITY General Electric Co (GE.N) Chief Executive Jeff Immelt is keen to double the conglomerate’s purchases from Mexican suppliers next year, the Mexican president’s office said in a statement on Friday, a move that could upset U.S. President Donald Trump. Immelt met with Mexico’s President Enrique Pena Nieto in Mexico City and will spend a few days in Latin America’s No. 2 economy at a time […]

By Yashaswini Swamynathan The S&P 500 and the Dow edged lower on Friday as financial stocks fell, but losses on the Nasdaq were kept in check by a rise in technology shares. With the first-quarter earnings season coming to an end, investors are looking to the Federal Reserve, Trump administration and economic data for fresh trading catalysts. A risk-off sentiment has dominated trading this week after President […]

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 […]

Beijing is enjoying an unusually long run of clear blue skies thanks to widespread industrial closures ahead of the most important international event hosted by President Xi Jinping. The “New Silk Road” summit has attracted 29 national leaders from four continents and also prompted a nationwide security clampdown, as authorities try to ensure that it proceeds without a hitch. More than 80 other countries, including North and […]

A $100 million fund has been launched in Bahrain to invest in the country’s small and medium-sized enterprises (SMEs). The initiative has been unveiled by the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of IDB Group, in partnership with Ibdar Bank, and Labour Fund Tamkeen. The Bahrain SME Fund is a Shariah compliant mezzanine private equity fund which will target […]

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