By William Schomberg and David Lawder | BARI, Italy BARI, Italy Finance chiefs from some of the world’s richest nations began a two-day meeting in Italy on Friday, with Europe, Japan and Canada hoping to come away with a clearer picture of U.S. President Donald Trump’s plans on important policies. Inequality, international tax rules, cyber security and blocking the funding of terrorism are the focus of the […]
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 […]
Nuclear radiation concerns are up at the Hanford Nuclear Reservation facility in the United States where an underground tunnel collapsed. The site has been functioning as a depository of radioactive nuclear waste since 1980. The nuclear waste removal at the site has been costing more than $2 billion a year and is supposed to go on until 2040. The facility contains 56 million gallons of nuclear waste stored […]
This image shows the stage of the Microsoft Build developers conference in Seattle, Washington on May 11, 2017, where the tech giant unveiled new hardware for “mixed reality” computing Microsoft on Thursday debuted hardware for reaching into virtual worlds powered by its technology as it looked to “mixed reality” as the next big computing platform. An update coming to Windows 10 operating system later this year will […]
Michael Dell at Dell EMC World Image: Asha McLean/ZDNet Although Dell EMC operates in approximately 180 countries, not all of the products and services from the company’s bag of tricks are available everywhere. When it comes to Australia, however, Michael Dell told ZDNet that Australia is pretty high up on the priority list, giving local organisations access to almost the entire Dell EMC stack ahead of many […]
By Ju-min Park and Christine Kim | SEOUL SEOUL South Korea’s new president launched international efforts to defuse tension over North Korea’s weapons development on Thursday, urging both dialogue and sanctions while also aiming to ease China’s anger about a U.S. anti-missile system. Moon Jae-in, a liberal former human rights lawyer, was sworn in on Wednesday and said in his first speech as president he would immediately […]
The UAE hotel group Rotana opened its second property in Erbil, Iraq, this week. The Erbil Arjaan by Rotana is an alcohol-free property situated on the northern edge of the city. The Erbil Rotana, which opened six years ago, is on the western side of the city, and both are a 10-minute drive from the airport. The new hotel has 168 hotel apartments, two restaurants, extensive office […]
ABU DHABI // New animal welfare laws and regulations to ban dangerous breeds require firm enforcement methods if they are to be a success, say animal welfare volunteers. Federal Law 22 of 2016 will improve regulation of the possession, trade and breeding of dangerous animals, and tougher animal welfare laws, including higher punishments for animal abuse and the illegal breeding and sale of animals, are a step […]
Moon Jae-in’s presidency of South Korea began with admirable pledges to handle an unpredictable and belligerent next-door neighbour, North Korea, and tackle economic problems. He will also tackle broader regional tensions, China’s outrage at the United States THAAD missile defence system in South Korea and rising fears over that same northern neighbour‘s nuclear programme. But one other challenge may be almost as crucial in determining the success […]
Al Ain, UAE, 11 May 2017: According to Dubai Chamber, Dubai is estimated to have around 717,000 sq. meters of new retail space by 2018, while Abu Dhabi is expected to see a supply of 467,000 sq. meters of new space over the same period. Industry insiders seem positive about the announcement. “Abu Dhabi is a magnificent location. Recent years have seen the emirate invest heavily in […]
BT’s own goals cost the boss dearly. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. Two months ago, all Paris St Germain had to do to reach the quarter finals of the European Champions League was not concede three goals in the final 2 minutes of their match against Barcelona. Barcelona’s ensuing […]
By Ben Blanchard | BEIJING BEIJING When leaders of 28 nations gather in Beijing next week for a summit to map out China’s ambitious new Silk Road project, one question is likely to be on attendees’ minds – what exactly is the Belt and Road Initiative? Proposed in 2013 by President Xi Jinping to promote a vision of expanding links between Asia, Africa and Europe underpinned by […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks rose early on Thursday, getting a lift from a record high close on MSCI’s global stocks benchmark after strong gains in oil prices buoyed energy stocks globally. Oil prices held on to 3 percent-plus overnight gains, their biggest one-day jump since Dec. 1, following a steep drop in U.S. inventories and support from Iraq and Algeria for an extension […]
With passive investing passing the $4tn mark in April, things aren’t exactly looking up for active asset managers. New product launches and investor inflows mean there are now almost 7,000 exchange-traded products managed by 313 providers and total assets of $4.002tn at the end of April, according to fresh figures from ETFGI, an industry data provider. The relentless flood of money into passive investment vehicles is a […]
By Yashaswini Swamynathan U.S. stocks were slightly lower on Wednesday, dragged down by Walt Disney’s disappointing results, while investors turned cautious after President Donald Trump fired his FBI chief. Disney (DIS.N) fell 2.5 percent and was the top drag on the Dow and the S&P 500 after the media company reported quarterly revenue below analysts’ expectations. Trump said he fired FBI Director James Comey, who had been […]
Koreans spent the most time using apps on their smartphones, a survey showed. App Annie, an app usage research firm, showed that Koreans spent the most time — 200 minutes per day on average — using mobile apps among countries surveyed for the first quarter of the year. Korea was followed by Brazil, which spent a little over 180 minutes per day, followed by Mexico with 180 […]
Authored by Carey Wedler via TheAntiMedia.org, Only one lawyer who prosecuted the Nuremberg trials is still alive today, and he has an important message for the world: war is not the answer. 60 Minutes recently interviewed Ben Ferencz, a son of Romanian Jewish immigrants who found refuge in the United States. His father worked as a janitor, and Ben was the first person in his family to […]
The British perfumer founded Jo Malone London in 1988, moving from home-made creams to best-selling fragrances in a short span. She stayed on as creative director when she sold the company to the Estée Lauder group in 1999, but then quit the industry altogether in 2006 because she temporarily lost her sense of smell following a battle with breast cancer. Malone launched her second business, Jo Loves, […]
By Sue-Lin Wong | HUNCHUN, China HUNCHUN, China In August, 2014, planners in the northeastern Chinese city of Hunchun argued in state media that it should be included in the “One Belt, One Road” project, Beijing’s vision laid out the previous year of a new Silk Road across Asia to Europe. In 2015, the official Xinhua news agency ran stories about how Hunchun was accelerating its “OBOR” […]
Bitcoin is now up for 16 of the last 18 days, soaring over 50% in the last month and up almost 90% in 2017 – making its the year’s best performing currency. There appears to be no specitic catalyst for today’s move as the surge in Japanese interest (as we detailed here) and news that Russia is considering, like Japan just did, to allow cryptocurrencies as a […]
Feathery clouds hang above a stretch of aquamarine water, bordered by a hilly island landscape speckled with pastel-coloured houses. There’s a cruise ship, some yachts, a couple of chase boats and some sailboats – but not the typical kind, with soft fabric sails fluttering in the wind. These are professional racing sailboats, with statuesque sails that sport the logos of luxury brands. They are riding the waves […]
By Christine Kim and Jane Chung | SEOUL SEOUL South Koreans flocked to polling stations to elect a new leader on Tuesday, with a high turnout suggesting voters are eager to move on from a corruption scandal that brought down the former president and shook the political and business elite. Unless there is a major upset, liberal Moon Jae-in – who calls for a moderate approach on […]
Held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan Deputy Prime Minister, Minister of Presidential Affairs of the UAE 09 May 2017 Abu Dhabi, United Arab Emirates – Held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan Deputy Prime Minister, Minister of Presidential Affairs of the UAE, the 1st edition of ATech World Conference & Exhibition and World Game […]
Sign up to receive FirstFT by email here Days after Donald Trump was elected, President Barack Obama warned his successor against hiring former general Michael Flynn as his security adviser. Mr Trump ignored the advice and Mr Flynn resigned after 17 days on the job amid the growing investigation of the Trump team’s ties to Russia. This is just one of the revelations to emerge following a Senate […]
