Chinese real estate investment abroad rose by more than half last year to a new high, highlighting the potentially disruptive impact of tighter capital controls imposed late in the year to discourage outbound money flows. Overseas investment from China in residential, commercial and industrial property totalled $33bn in 2016, up 53 per cent from a year earlier, according to global real estate group JLL, as Chinese buyers snapped […]
An activist fund with a history of pressuring Japanese management has emerged as the largest minority shareholder of PanaHome — the housebuilder at the heart of a spiralling proxy battle and pivotal test of Japan’s corporate governance code. As of Friday, Oasis Capital, which is led by Seth Fischer, held some 4.83 per cent of PanaHome, putting the fund ahead of Japan’s Government Pension Investment Fund (which […]
A Norwegian court will hear an appeal next week by four firms seeking to overturn a ruling that upheld a government decision to cut offshore gas transportation tariffs. The firms – owned by Allianz, UBS, the Abu Dhabi Investment Authority and the Canada Pension Plan Investment Board – said the slashed tariffs would cost them 15 billion crowns ($1.8 billion) in lost earnings by 2028. Solveig Gas, […]
Chairman of the Board of Directors Hamad Saif Al Mansouri eyes further advancements during the next phase of the company as new CEO Omar Katri introduces new real estate products, “Safety” and “Happiness” for the rehabilitation of commercial and residential buildings in Abu Dhabi and in United Arab Emirates 29 January 2017 Abu Dhabi – Abu Dhabi-based Al Benaa Real Estate Investment Company introduced its new phase […]
By Devika Krishna Kumar and Catherine Ngai | NEW YORK NEW YORK Investors have rushed back into North American pipelines after U.S. President Donald Trump revived growth prospects in a sector that struggled to cope with a two-year oil price slump and strident opposition from environmental and Native American activists. Investor confidence in the industry was shaken last year when the administration of former President Barack Obama […]
Credit: ZDNet In the early 2000s, Microsoft was all-in on robotics. By the middle of that decade, the company seemingly had all but abandoned the robotics space. But this may be the year that Microsoft may be ready to get back into robotics, on multiple fronts. special feature AI, Automation, and Tech Jobs There are some things that machines are simply better at doing than humans, but […]
MEXICO CITY Seeking to quell a social media campaign imploring Mexicans to boycott U.S. companies, Starbucks defended itself on Friday, saying it had invested millions in the country, created more than 7,000 jobs, and that its local unit is Mexican-owned. The statement came after disparate social media campaigns directed at U.S. companies based in Mexico gained traction, following U.S. President Donald Trump’s order to build a border […]
26 January 2017 Dubai: “Biznet” Consulting, the leading company in the field of single window application system for various fields, such as construction and business, has promulgated and announced the start of its operations, aiming to expedite and simplify information flows between trade and government bring meaningful gains to all parties involved. Ismail Al Hammadi, CEO of “Biznet” Consulting, assured that the launch of the company’s services will […]
By Kiyoshi Takenaka and Roberta Rampton | TOKYO/WASHINGTON TOKYO/WASHINGTON U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe agreed on Saturday to meet early next month, affirming the importance of bilateral ties while setting the stage for potentially sensitive trade talks. Trump’s administration has put the focus of the Abe visit, one of the first summits of the new presidency, on starting bilateral trade talks. Japan […]
By Christine Murray | MEXICO CITY MEXICO CITY Billionaire Carlos Slim said on Friday that Mexico should not fear Donald Trump, seeing opportunities for his country in the U.S. president’s economic policies, and praising Mexicans for uniting behind their government in talks with the northern neighbor. In a rare news conference, the telecommunications and construction mogul called Trump a negotiator, “not Terminator” and said his repeated attacks […]
A sell-off in eurozone government bonds has left German yields at their highest level in a year, challenging investors who have long become accustomed to low inflation and weak economies keeping market interest rates at record low levels. In France, Germany, Italy, Spain and Austria bond yields have broken through 12-month highs as investors focus on the accelerating pace of inflation, grapple with extra supply and question […]
Apple is joining the Partnership on AI, a group that aims to create best practices for artificial intelligence, keep an open dialogue with experts, and ponder how society and business can benefit. special feature How to Implement AI and Machine Learning The next wave of IT innovation will be powered by artificial intelligence and machine learning. We look at the ways companies can take advantage of it […]
Dubai-based investment firm Abraaj Group has announced that it has acquired a majority stake in Casaideas, a leading home design and home decorations business with growing market presence in Chile, Peru and Bolivia. The transaction represents the first direct investment in Chile for Abraaj, completing the Group’s investment presence in the Pacific Alliance countries of Mexico, Peru, Colombia and Chile. Abraaj said in a statement that the […]
The value of the GCC’s healthcare market has grown steadily in recent years and there is little sign that any slowdown is on the horizon. The industry is forecast to be worth $71.3bn by 2020, according to Alpen Capital. The investment bank expects the GCC healthcare sector to record 12.1 percent compound annual growth rate (CAGR) between 2015 and 2020, after 10.3 percent CAGR between 2008 and […]
Home Appliance & Air Solutions and Home Entertainment Divisions Post Highest Ever Operating Profits in 2016 Saudi Arabia – 26 January 2017 LG Electronics Inc. (LG) today announced a 2016 operating profit of KRW 1.34 trillion (USD 1.16 billion), 12.2 percent increase from 2015 due in large part to strong performance by home appliances, air solutions and home entertainment. For full-year 2016, LG reported revenues of KRW 55.37 […]
But in interviews with dozens of officials, analysts and ordinary citizens across Muslim-majority countries, there was overwhelming agreement that the order issued Friday signaled a provocation: a sign that the American president sees Islam itself as the problem. Continue reading the main story “I think this is going to alienate the whole Muslim world,” said Mouwafak al-Rubaie, a lawmaker and former Iraqi national security adviser in Iraq. […]
Investors sought US technology shares this week, underlining the degree to which money managers are broadening their search for sectors that should benefit from a pick-up in spending by corporate America. There were inflows of almost $900m in the week to January 25 into funds invested in technology stocks, according to flows tracked by EPFR. “We think that there is going to be a more meaningful capital […]
By Roberta Rampton and Emily Stephenson | WASHINGTON WASHINGTON The presidents of the United States and Mexico spoke by phone on Friday after relations between the neighbouring countries frayed further over Donald Trump’s border wall plan, with the U.S. leader calling the talk friendly but still demanding reworked trade and other ties. The call between Trump and Enrique Pena Nieto came a day after the Mexican president […]
Most conversations in edtech—and higher-education reform more broadly—begin and end with the classroom. And not without good reason. Teaching is a primary function of the university, especially at community colleges. However, what gets lost in teaching-centric conversations is another important, and arguably complementary, end—research. While skeptical readers can cherry-pick abstruse research projects, university knowledge production benefits plenty of folks who never attend college. Some of […]
By Anna Irrera | NEW YORK NEW YORK Cisco Systems Inc (CSCO.O), Bosch Ltd (BOSH.NS) and several other companies, have set up a consortium to work on how blockchain can be used to secure and improve “internet of things” applications, as sectors beyond finance seek to benefit from bitcoin’s underlying technology. The group, which also includes Bank of New York Mellon Corp (BK.N), Foxconn Technology Group, security […]
Mi dispiace, ho sbagliato numero* Well, what did BT’s chief executive, smouldering Gavin Patterson, expect? Italy is ranked 60th out of 176 countries in Transparency International’s corruption index, worse than Romania or Hungary. The “improper” management behaviour there had been going on for years, and would probably be going on still but for the call from a whistleblower. The BT board must now decide how far up […]
Submitted by Michael Snyder via The Economic Collapse blog, The Dow Jones Industrial Average provides us with some pretty strong evidence that our “stock market boom” has been fueled by debt. On Wednesday, the Dow crossed the 20,000 mark for the first time ever, and this comes at a time when the U.S. national debt is right on the verge of hitting 20 trillion dollars. Is […]
Agreement allows healthcare organisations registered within the DHCA to operate inside the DIFC Partnership is in line with government’s wellbeing initiatives to broaden healthcare provision and access across the Emirate Move will continue to increase the international attractiveness and competitiveness of the DIFC community Dubai-UAE: 27 January 2017 Dubai International Financial Centre (DIFC) Authority, the entity overseeing the largest financial centre in the Middle East, Africa and […]
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. economic growth slowed more than expected in the fourth quarter as a plunge in shipments of soybeans weighed on exports, but steady consumer spending and rising business investment suggested the economy would continue to expand. Gross domestic product increased at a 1.9 percent annual rate, the Commerce Department said on Friday in its first estimate of fourth-quarter GDP. That was […]
