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Your daily guide to community and cultural activities across the Emirates for January 27, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Outdoor market Check out the Marhaba Market at Deerfields Mall, where you’ll find family fun and entertainment, as well as 30 exhibitors offering fresh produce, flowers and plants, plus art, handicrafts, fashion […]

Vijay Mallya has denied that he fled India leaving behind $1.3bn of unpaid loans, after Indian authorities this week charged the billionaire industrialist with criminal conspiracy, dishonesty and corruption in an effort to secure his extradition from the UK. In a series of tweets late on Thursday night, Mr Mallya said that there was “no final judicial determination on what Kingfisher Airlines owes to banks and what […]

January 26, 2017 by: Adam Samson and Mamta Badkar in New York The Dow Jones industrial and transportation averages on Thursday both closed at new highs in a bullish signal for one of Wall Street’s oldest investment theories.  The two US equity benchmarks, which date back to the 19th century, have not recorded highs one after another since December, after which the duo began to diverge as the Trump […]

The Dow Jones Industrial Average stayed firmly above 20,000 on Thursday, after breaching the milestone a day earlier, while losses in tech stocks weighed on the S&P 500 and the Nasdaq Composite indexes. The S&P technology index’s .SPLRCT 0.47 fall led the decliners, weighed down by Qualcomm (QCOM.O) and Alphabet (GOOGL.O). Qualcomm fell 5.1 percent to $54.04 after the chipmaker reported a lower-than-expected rise in quarterly revenue. […]

The UK was the fastest growing economy in the G7 last year and is not yet showing any signs of the slowdown that many economists predicted would follow the vote to leave the EU in June. The economy grew by 0.6 per cent in the fourth quarter of 2016, according to a first estimate from the Office for National Statistics. Growth for the year as a whole […]

|By Matein Khalid| The election of a Manhattan property developer and (failed) casino owner as President of the United State has not been positive for most American real estate investment trusts (REIT’s). The sharp rise in US interest rates since the election and the Federal Reserve’s vigilance against inflation risk hits this classic “bond proxy” sector, with its reliance on leverage to boost investor returns. In addition, […]

January 26, 2017 by: Peter Wells in Hong Kong Thursday 05.15 GMT Overview Market spirits are buoyant in Asia after the Dow Jones Industrial Average rose above 20,000 points for the first time. Hot topic The Dow Jones on Wednesday traded and closed above 20,000 points for the first time. A generally supportive earnings season has allowed Wall Street to continue its “Trump trade”, which began in […]

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The Dow Jones Industrial Average marched higher after hitting 20,000 for the first time on Wednesday as strong earnings and President Donald Trump’s pro-growth initiatives reignited a post-election rally. Trump has made several business-friendly decisions since taking office on Friday, including signing executive orders to reduce regulatory burden on domestic manufacturers and clearing the way for the construction of two oil pipelines. The S&P 500 and the […]

Dow 20,000 is here at last. No regular reader — or indeed, any sentient and sensible human being — should base any investment decision on the Dow. Its methodological flaws are irremediable. And in any case, round numbers should not matter. One brief illustration of the Dow’s primitive methodology will suffice. Just five of its stocks — Goldman Sachs, IBM, Boeing, UnitedHealth and JPMorgan Chase — account […]

Wednesday 14:35 GMT Overview Major global stock markets are rallying as the Dow Jones Industrial Average breaches 20,000 amid revived hopes for faster US growth. Benchmark sovereign bonds yields are rising, but oil and gold prices are moving lower despite a weaker dollar. Hot topic The “Trump trade” is back on and it has the Dow through 20,000 for the first time? The average, though a price-weighted […]

The Dow Jones Industrial Average on Wednesday rose above 20,000 points for the first time marking a milestone for Wall Street’s venerable equity barometer as the Trump trade that stalled at the onset of 2017 resumes. The gauge of blue-chip companies climbed 0.5 per cent to 20,014 in opening trading, as US equities extended their record-setting rally that began after the presidential election in November. Investors have […]

On Monday, the Australian government announced that it was establishing a new Critical Infrastructure Centre (CIC), dedicated to managing the “complex and evolving national security risks” to the nation’s critical infrastructure. The CIC’s initial focus will be on the most critical assets in the electricity, water, and ports sectors, according to a joint media release from Australia’s favourite attorney-general Senator George Brandis QC and Treasurer Scott Morrison. […]

Investors are signalling a stronger US economy and the risk of rising inflation under the Trump administration, as robust price gains for precious and industrial metals have this month spurred a rise in miners’ shares. MSCI’s ACWI Metals & Mining index, a broad barometer that tracks companies around the world, has rallied nearly 15 per cent in 2017, the strongest year-to-date showing in more than a decade, […]

BRASILIA Brazil’s top labour prosecutor said President Michel Temer’s proposals to modernize the country’s labour laws were illegal in a report published on Tuesday that provided ammunition to workers’ unions fighting the reforms. Updating outdated labour laws to allow outsourcing and more flexibility in contracts and work hours is part of Temer’s plan to reduce business costs and pull Brazil from its worst recession on record. But […]

Trading on Wall Street was dominated by earnings announcements from blue-chip companies on Tuesday, while big carmakers rose off the back of a meeting with President Donald Trump. Results from the likes of DuPont, Verizon and Lockheed Martin pushed the broad market slightly higher. The Dow Jones Industrial Average was up 0.6 per cent to 19,912, while the S&P 500 gained 0.7 per cent to 2,280. The […]

Your daily guide to community and cultural activities across the Emirates for January 25, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Film screening Catch a screening of A Barefoot Dream, as part of the Cinema Space film series. The Korean film, based on a true story, focuses on former footballer Kim Won-kang (Park […]

Photo Construction in the West Bank settlement of Ma’ale Adumim on Sunday. The Israeli government is showing signs that it is increasingly willing to disregard international condemnation of its settlements. Credit Mahmoud Illean/Associated Press JERUSALEM — Israel on Tuesday approved the construction of 2,500 housing units for Jews in West Bank settlements, throwing off diplomatic restraint just a few days into the beginning of the Trump administration. […]

A wave of about 25 African, European and South American countries is set to join the China-led Asian Infrastructure Investment Bank this year, reinforcing Beijing’s determination to push a global agenda even as US President Donald Trump rails against the ills of economic globalisation. Jin Liqun, president of the AIIB, said on Monday that an expanded membership would help boost lending by the $100bn multilateral organisation, which […]

Proscient to provide Process Safety and Operational Risk Management System (PSORMS) capabilities to reduce risk, improve productivity and lower costs Proscient to provide Process Safety and Operational Risk Management System (PSORMS) capabilities to reduce risk, improve productivity and lower costs Dammam, Saudi Arabia, 23 January 2017  Petrotechnics, the developer of Proscient – the hazardous industries’ first software platform for Operational Excellence – has been selected by Accenture […]

23 January 2017 Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, was the proud winner of the 2017 Occupational Excellence Achievement Award and the 2017 Significant Improvement Award by the National Safety Council (NSC) – USA. These wins endorse the Company’s long-standing commitment to Safety as well as its efforts in creating a safe working environment for its employees and contractors alike. The NSC Occupational Excellence […]

Theoretical model reveals how droplets grow around tiny particles on a surface. A mathematical model that predicts how water condenses around tiny particles could help to improve chemical industrial processes, including the production of drug tablets, fertilizers and catalysts. Previous condensation models differ in their rate predictions, depending on factors such as the shape and composition of the surface that the droplet grows on. Fong Yew Leong […]

BEIJING China expects a smoggy Lunar New Year in Beijing and its northern industrial heartland just two weeks after it was blanketed in toxic smog which caused traffic chaos, flight disruptions and port closures. Worsening pollution will engulf four northern Chinese provinces, including Hebei province which surrounds Beijing, in the run up to the Lunar New Year, from Monday through to Thursday, China’s National Environment Monitoring Center […]

Britain’s security co-operation with EU countries will be on the table as part of the Brexit negotiations, Theresa May has said as she prepares to become the first world leader to meet new US president Donald Trump. The prime minister plans to discuss British-US co-operation on terrorism and Nato at the meeting in Washington on Friday, the prime minister said on Sunday — and sent a signal […]

By Michael Georgy | MOSUL MOSUL Residents of east Mosul held up their children and took selfies with Iraqi counter-terrorism commander Lieutenant General Abdul-Wahab al-Saadi after his men cleared Islamic State fighters from their neighbourhoods. But his tour on Saturday of homes once occupied by the militants was a reminder of the dangers ahead as security forces prepare to expand their offensive against the Sunni militants into […]

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