Christmas is almost here (and so is Hanukkah), and so it is time for the Long View to revisit the offices of Hindsight Capital LLC once more. Hindsight Capital, for the uninitiated, is the hedge fund that beats all others year in and year out because it is endowed with 20/20 hindsight; it can see the future. The returns to clairvoyance are potentially infinite, so it has […]
Social enterprise Proximity Designs’s 3D printer is making high technology accessible to Myanmar’s impoverished farmers Whizzing across a blue-lit platform with a whirr and a squeak, liquid plastic emanating from its chrome tip, the 3D printer seems a far cry from the muddy, crop-filled fields that fringe Yangon. But in an industrial park south of Myanmar’s commercial hub, the advanced technology is now being used to design […]
It was Obama who set the rulemaking in motion more than three years ago with an executive order urging the agency to take action, just three months after a fatal fertilizer explosion in West, Texas. The changes ordered by the new rule focus on coordination of emergency response efforts as well as local preparedness, but leave it up to companies to decide whether or not to implement […]
Net redemptions from emerging market equity funds reached a five-week high in the latest week amid pressure from the rising dollar and uncertainty about trade policy in the US, especially with China. Investors withdrew $3.7bn from emerging market equity funds in the week to Wednesday, according to EPFR Global, with Asia ex-Japan equity funds seeing net redemptions of $2.36bn, the largest since September of 2015. China equity […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. It could be a dinner akin to the disastrous ones in “Meet the Parents,” “Talladega Nights” and “Wedding Crashers.” Or maybe “American Beauty,” where newly unemployed Kevin Spacey turns to his wife (Annette Bening) and daughter (Thora Birch) and says […]
Dubai, UAE, Riyad, Saudi Arabia, 22 December 2016 Tasnee, the leading industrial company in Saudi Arabia, is the platinum sponsor of ArabPlast Show to be held from 8th to 10th of January 2017 at the Dubai Exhibition and convention Centre. Co-organised by Al Fajer Information and Services and German exhibition organiser Messe Dusseldorf, ArabPlast is expected to bring together key players in the plastics, petrochemicals and rubber […]
The Beyond the Net Funding Programme is proud to announce the results of our November 2016 grant application cycle. This cycle, we received 39 amazing applications from around the world. The project ideas were varied, original, and focused on helping local communities. It was hard, but the Selection Committee managed to pick six projects for funding. These projects were selected for their uniqueness, structure and the benefits […]
SHANGHAI A massive load of garbage, including needles and broken bottles, has washed ashore on an island close to Shanghai, after two ships allegedly dumped more than 100 tonnes of waste in the Yangtze River, the Shanghai Daily reported on Friday. China’s speedy industrial development has seen it struggling to regulate waste disposal, leading to toxic waterways and cities blanketed in smog. The waste has been floating […]
Constellation Research hopes you all have a great holiday season this year with friends and family. In the spirit of recognizing memorable achievements in the tech industry, we also want to use this occasion to announce the winners of Constellation’s first annual Enterprise Awards. The winners were selected through a combination of internal voting and heated debate among Constellation’s analyst team. Each category also includes a number […]
By Ben Hirschler Dutch scientists have developed an artificial leaf that can act as a mini-factory for producing drugs, an advance that could allow medicines to be produced anywhere there is sunlight. The work taps into the ability of plants to use sunlight to feed themselves through photosynthesis, something industrial chemists have struggled to replicate because sunshine usually generates too little energy to fuel chemical reactions. The […]
After five grinding years of losses, commodities are set to end higher in 2016 and investors are staking out increasingly bold calls for the coming year. This reflects signs that the prolonged decline in markets such as oil and metals is finally having an effect. Cuts in capital spending by producers have begun to choke off supplies as global demand creeps higher. It might not be a […]
Salam Al Amir DUBAI // The rapist and killer of Obaida Al Aqrabawi was aware of his actions at the time of the murder, according to a mental assessment. The evaluation was presented to Dubai Court of Appeal on Thursday at the request of the lawyer representing Nidal Abu Ali. The report found Ali suffers from antisocial personality disorder and alcohol dependency “but it does not affect […]
22 December 2016 MARC has affirmed South Korea’s foreign currency sovereign rating of AAA with a stable outlook based on its national rating scale. The rating reflects MARC’s opinion of the sovereign’s ability to meet its foreign currency obligations in full and on time. The government of South Korea (GoK) has no debt rated by MARC. The rating also serves as a country ceiling for ringgit-denominated debt […]
Thursday 08:10 GMT Overview European stock indices are slipping back, following Wall Street’s lacklustre lead as the Dow Jones Industrial Average moved further away from the 20,000-point milestone while the US dollar weakened, also cooling from its strong run. Hot topic European banking stocks are under scrutiny. It comes after news that Monte dei Paschi di Siena is to be rescued by the Italian state using a […]
Infrastructure of Berth 5 and Berth 6 at final stages of this year’s strategic expansion 21 December 2016 King Abdullah Economic City, The infrastructure works for Berth 5 and Berth 6 are about to be finished in a few weeks, King Abdullah Port announced on Wednesday. The two berths are part of the port’s strategic expansion plan, which aims to significantly uprate the port’s capacity, thus boosting […]
Submitted by a Zero Hedge reader who wishes to remain anonymous: OPEN LETTER TO MINISTER-PRESIDENT SEEHOFER(Sent before the carnage in Berlin’s Christmas market) Dear Minister-President Seehofer, I would like to commend you on your opposition to mass uncontrolled immigration into Europe. One would think that it would be trivial to praise politicians – who are elected to uphold law and order, meaning our culture and values – […]
Wednesday 02:10 GMT Overview Stocks across Asia were on the rise, with sentiment buoyed by continued gains for Wall Street as the Dow Jones Industrial Average closes in on 20,000 points for the first time. Hot topic The Dow Jones rose 0.5 per cent overnight in New York to close a mere 25.4 points shy of the 20,000-point milestone, while the S&P 500 added 0.4 per cent […]
SHANGHAI Northern China was shrouded in smog for a fifth straight day on Wednesday as citizens complained that the state’s emergency measures were still not being implemented properly. Residents in Shijiazhuang, the capital of heavily industrialised Hebei province that surrounds Beijing, complained that schools were still open even though the city remained on red alert with air pollution levels close to record highs. Media reports in central […]
By David Alire Garcia and Lizbeth Diaz | MEXICO CITY MEXICO CITY At least 27 people died and at least 70 were injured in an explosion at a fireworks market outside the Mexican capital on Tuesday, local authorities said. The blast was the third to strike the popular San Pablito marketplace in Tultepec, about 20 miles (32 km) north of Mexico City, in just over a decade. […]
Tuesday 19:45 GMT Overview A robust session for US equities saw the Dow Jones Industrial Average climb to within a whisker of the 20,000 milestone as participants shrugged off geopolitical concerns and focused on the prospect of stronger growth under the presidency of Donald Trump. The “risk-on” mood in the markets left US Treasury prices and gold lower while the yen — viewed by many as a […]
The “animal spirits” that Donald Trump’s incoming US administration may unleash would have more far-reaching consequences on the economy and financial markets than any specific stimulus package he delivers, according to Bridgewater’s Ray Dalio. Mr Dalio, the founder of the world’s largest hedge fund group, wrote that “if this administration can spark a virtuous cycle in which people can make money, the move out of cash (that […]
The Dow and the Nasdaq hit record highs on Tuesday, with the blue-chip index just 13 points shy of the 20,000 mark, a level it has never scaled. Goldman Sachs (GS.N), which was up about 1 percent, gave the biggest boost to the Dow. U.S. stocks have been on a tear since the Nov. 8 presidential election, with the Dow up 9 percent and S&P more than […]
A unit of UAE-based KEF Holdings has launched a $100 million manufacturing park, spanning one million sq ft, to cater to the infrastructure needs in India and GCC markets. With 10 manufacturing lines featuring the latest technology, KEF Infra One in Krishnagiri, Tamil Nadu in India, promises significant cost and time savings in building hospitals, homes, schools, hotels and specialised infrastructure. Faizal E Kottikollon, founder and chairman, […]
In a year replete with extraordinary political upheaval and the wrenching loss of artistic icons, the markets have played their part in contributing to the angst. Here is a look at some of 2016’s most notable one-day wobbles. China cracks It started badly. In China, the mainland’s benchmark, the Shanghai Composite index, had closed 2015 near a four-month high after bouncing nearly 21 per cent from its […]
