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HKUST President Prof. Nancy IP Receives UNESCO–Equatorial Guinea International Prize for Research in Life Sciences // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction Vision for Gasoline-Powered Vehicles // OpenAI abandons secrecy agreements for future data centres // Dubai Future District Fund and Buimerc formalise cooperation // Democrats Gearing Up For 2028 Presidential Elections To Gain Full Power // OpenAI introduces GPT-6 Cyber with restricted security access // HKUST President Prof. Nancy IP Receives UNESCO–Equatorial Guinea International Prize for Research in Life Sciences // Excise chief shunted out in bar licence dispute // India Under Pressure To Join RCEP On The Eve Of ASEAN Summit In Manila On Nov 15-17 // Beyond the exhibition floor: How robots, AI and networks are moving into the real world // Technology shares plunge as Nasdaq enters correction // Battle Uttar Pradesh Will Be Tougher For Yogi Than Expected // Elephant calf on death line airlifted for treatment in Gujarat // Private varsities bill all set to face the axe // ADNOC secures decade-long LNG supply pact with Gujarat Energy // CM disputes Vijayan’s claims // ADIA subsidiary seeks $7.5 billion private investment financing // Ningbo Consensus on Collaborative Development released at 2026 Global Mayors Dialogue · Ningbo // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles //

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UAE national carrier Etihad Airways and German airline Lufthansa have announced a “deep and wide” partnership that includes codesharing, catering and aircraft maintenance. Etihad’s outgoing CEO James Hogan described the deal as “the most significant non-equity partnership with an airline that we have announced”. It marks a shift away from equity investments towards operations collaborations at a time when Etihad is reviewing the equity partnerships with an […]

Almost a decade on from the financial crisis, a global deadline for reform of the $544tn derivatives market has triggered a last-minute scramble by hundreds of small banks, insurers and pension funds. Many of these institutions use bespoke derivatives such as swaps to protect their operations from sudden changes in asset prices. In a month’s time they face higher costs and regulatory burdens. Plenty are not ready. […]

The banking caucus Economic stability and improved bank safety haven’t stopped supporters of the Choice Act from moving forward with tearing down Dodd-Frank. The bill was introduced in September by Rep. Jeb Hensarling, a Texas Republican who is a deregulation crusader and friend of Vice President Mike Pence; Pence represented Indiana in the House from 2001 to 2013 and was a critic of Dodd-Frank when the law […]

Reckitt Benckiser, the maker of household goods including Cillit Bang and Dettol, is in advanced talks to acquire Mead Johnson in a deal that could value the maker of infant formula at about $16.7bn. The British-based company said on Wednesday evening it had offered to pay $90 per share in cash to acquire the US nutritional products maker, a near 30 per cent premium on Mead Johnson’s […]

By Shihar Aneez | HAMBANTOTA, Sri Lanka HAMBANTOTA, Sri Lanka China signed a deal with Sri Lanka late last year to further develop the strategic port of Hambantota and build a huge industrial zone nearby, a key part of Beijing’s ambitions to create a modern-day “Silk Road” across Asia. The agreement was welcome relief for the island nation of 20 million people. As they try to reduce […]

Saudi Arabia will invite international and domestic companies to bid for renewable energy projects in April, the energy minister said on Wednesday, adding that he expected to award the deals in September. Energy Minister Khalid al-Falih, speaking at a news conference in Riyadh said the projects would include two new solar and wind power plants with a capacity to produce 700 megawatts of power. The projects are […]

By Rodrigo Campos | NEW YORK NEW YORK The S&P 500 edged higher on Wednesday to cap a four-day losing streak, buoyed by gains in Apple shares and after the Federal Reserve kept U.S. interest rates unchanged, as expected. Apple (AAPL.O) shares rose 6.1 percent to $128.75, its highest close in a year and a half. This made it the biggest positive influence on the three major […]

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Blackstone-backed Invitation Homes began trading on Wednesday above its $20 a share initial public offering, as investors latched on to positive signals in the property rental market. The Dallas-based real estate investment trust, which allows investors to buy and sell shares in a company that owns single-family rental properties, raised $1.54bn from its IPO on Tuesday, the largest public offering since mid-2015, according to Bloomberg data. However, […]

Lufthansa believes the rapid growth phase of Gulf airlines is coming to end, which could help to ease some of the pressure in a highly competitive industry, its chief executive said on Wednesday. Speaking after signing catering and maintenance deals with Abu Dhabi-based Etihad, Lufthansa CEO Carsten Spohr said there were signs Gulf rivals were reaching the limits of their recent growth. “I’ll leave that to the […]

Investors demanded a higher premium to hold France’s debt instead of Germany on Wednesday, reflecting a combination of political uncertainty and concerns over the outlook for inflation and central bank debt purchases. A series of upcoming elections in Europe, combined with worries that inflation pressures are picking up, have pushed down eurozone bond prices since the start of the year, with France becoming a notable laggard. The […]

The UAE’s non-oil foreign trade totalled AED1.172 trillion ($320 billion) for the first nine months of 2016, up by 0.1 percent on the same period in the previous year. Preliminary data of the Federal Customs Authority (FCA) indicated that the share of imports in the UAE’s total non-oil trade amounted to AED721.2 billion, a rise of 1 percent. Native gold and semi-processed gold topped the list of […]

The oil industry is zeroing in on a prospective tax shift in Washington that has the potential to upend energy flows around the world.  The “border adjustment tax” (BAT) put forth by Republican lawmakers and embraced sporadically by President Donald Trump would radically change the way companies are levied, taxing imports and exempting exports in the world’s biggest economy. While the Trump administration’s stance on BAT has […]

Indian Finance Minister Arun Jaitley outlined the country’s budget for the coming fiscal year in a presentation to Parliament on Wednesday. His speech— which The Wall Street Journal live blogged — went for more than two-hours and 30 pages. The full budget document is much longer but there are easier-to-absorb shortcuts to the budget basics on his website: indiabudget.gov.in The website has the full speech with annexes as well as a 15-page “Key Features […]

By Jeffrey Dastin | SAN FRANCISCO SAN FRANCISCO Amazon.com Inc plans to invest $1.49 billion to build a large air cargo hub in northern Kentucky, state officials said on Tuesday, stoking expectations it may one day opt to directly compete with FedEx Corp and United Parcel Service Inc. The world’s biggest online retailer has agreed to a 50-year lease for about 900 acres of property from Cincinnati/Northern […]

Uber’s self-driving car ambition just got another boost after it signed on the German automaker Daimler in an initiative to develop automated vehicles for its ride-hailing network. Looking at the announcement, however, one is left wondering if the partnership could really lead Uber to build a driverless car on its own. Uber’s Role Uber CEO Travis Kalanick stated that, here, Uber is not going to be involved […]

President Donald Trump named his pick for the U.S. Supreme Court Tuesday night, tapping Judge Neil M. Gorsuch of the 10th U.S. Circuit Court of Appeals in Denver. If confirmed by the U.S. Senate, Gorsuch would fill the vacancy created by the death of Justice Antonin Scalia.    Like Trump, he’s an Ivy Leaguer: He attended Columbia University, Harvard Law School — and also the University of […]

Elliott Management, the activist investment group, has called for the removal of Klaus Kleinfeld as chief executive of Arconic, the specialist metals and components company created last year by the break-up of Alcoa, arguing that “current management’s persistent failure . . . has destroyed considerable shareholder value”. The fund manager, Arconic’s largest shareholder with direct control of 10.5 per cent of the group’s shares, and a further 1.6 per cent through […]

|By Arabian Post Staff| Dubai Holding yesterday confirmed that it will repay the entire outstanding principal, along with accrued interest, of its final and remaining GBP500 million bond, maturing today. According to an announcement filed with Nasdaq Dubai, this will be the last tranche of Dubai Holding Commercial Operations Group’s multi-currency, Medium-Term Notes Programme issued in 2007. The full repayment will be made from Dubai Holding’s internal […]

Capital Group, one of the world’s biggest investment groups and a cornerstone backer of upstart stock exchange IEX, wants the incoming Trump administration to stymie high-frequency traders by overhauling one of the US equity market’s biggest but controversial regulatory planks. Matt Lyons, global head of trading at $1.4tn Capital Group, was a big supporter of the anti-HFT exchange made famous by Michael Lewis’s book Flash Boys, making […]

Written by Anees Jillani | Published:February 1, 2017 12:31 am Pakistani Prime Minister Nawaz Sharif (File Photo) Since January 4, a five-member Bench headed by the second seniormost judge of the Supreme Court of Pakistan has been hearing for three hours every day petitions alleging corruption by Prime Minister Nawaz Sharif, filed by the chairman of the Pakistan Tehreek-e-Insaaf (PTI) Imran Khan, and the head of the […]

By Liana B. Baker and Jessica DiNapoli U.S. brand management company Iconix Brand Group Inc (ICON.O) is exploring a sale of its majority stake in Peanuts Worldwide LLC, which owns the rights to cartoon strip characters Snoopy and Charlie Brown, according to people familiar with the matter. The move sent shares of Iconix up more than 5 percent. It comes three months after U.S. insurance company MetLife […]

The two main investment priorities of the Kuwait Investment Authority (KIA) this year are technology and infrastructure, the sovereign wealth fund’s chairman Anas al-Saleh told Reuters on Monday. Saleh, who is also finance minister, said the KIA’s technology portfolio was small but growing. At the same time, it is cautious about valuations, he added. The KIA is one of the world’s biggest sovereign funds with assets estimated […]

Nick Thompson was on his way to the subway when he got an email from his boss, New Yorker Editor David Remnick. The subject line? “Morning piece.” It was 8:17 a.m. on Sept. 8, and Remnick had just watched libertarian presidential candidate Gary Johnson ask “what is Aleppo?” live on national television. “I wrote back and said, ‘great!’” said Thompson, the former digital editor at The New […]

31 January 2017 Abu Dhabi, UNITED ARAB EMIRATES – Etihad Airways is launching a third daily flight on the Abu Dhabi – Bengaluru route, effective 26 March 2017. The triple daily schedule will provide greater choice to local passengers travelling between the two cities, and improved connectivity to destinations across the GCC, North America and Europe via the airline’s Abu Dhabi hub. The capacity increase underscores the […]

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Just in:
Ningbo Consensus on Collaborative Development released at 2026 Global Mayors Dialogue · Ningbo // Oil advances towards $100 as tanker attacks persist // OpenAI introduces GPT-6 Cyber with restricted security access // Excise chief shunted out in bar licence dispute // OpenAI abandons secrecy agreements for future data centres // Democrats Gearing Up For 2028 Presidential Elections To Gain Full Power // Motorola introduces Signature 27 flagship priced at $1,599 // HKUST President Prof. Nancy IP Receives UNESCO–Equatorial Guinea International Prize for Research in Life Sciences // TVM –Mangaluru Vande Bharat claims top spot // Emaar approves Development buyout ahead of planned delisting // Dubai details five-year visa benefits for returning visitors // Microfinance case trouble for Vellappally // Ousted top Kochi cop gets IG post // Elephant calf on death line airlifted for treatment in Gujarat // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // Beyond the exhibition floor: How robots, AI and networks are moving into the real world // Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // Technology shares plunge as Nasdaq enters correction // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Kochi police detain two actors over bid to honey trap doctor //