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ADIA and partners establish $1.4 billion aviation venture // Technology shares plunge as Nasdaq enters correction // Cloudflare unveils Zero Wire vulnerability intelligence service // Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // Hong Kong mandates crypto transaction disclosures to tax authorities // OpenAI identifies 948 Linux privilege escalation flaws using AI // Oil advances towards $100 as tanker attacks persist // Meraas showcases five residential zones at Dubai Design Week // Asia Left Behind: Ten international companies have yet to report delivering on their cage-free egg pledges across the region // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 // Emaar approves Development buyout ahead of planned delisting // APT29-linked campaign exploits outdated Apple and Android software // Ousted top Kochi cop gets IG post // Ta’ziz finalises $1.39bn funding for Ruwais industrial facilities // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Fast Just Got Fastest: STING Energy Boost™ Celebrates Kimi Antonelli’s Formula 1® World Championship and the Fan Energy Behind It // Kochi police detain two actors over bid to honey trap doctor //

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By Nichola Saminather | SINGAPORE SINGAPORE Asian stock markets edged down on Tuesday following a flat close on Wall Street, as investors searched for the next catalyst following France’s presidential election, while oil inched higher on expectations OPEC supply cuts will be extended. Financial spreadbetters expect Britain’s FTSE 100 .FTSE, Germany’s DAX .GDAXI and France’s CAC 40 .FCHI to all open flat. The South Korean stock market, […]

Tuesday 02:50 BST Overview Stocks around Asia were mostly lower following a flat lead from Wall Street and as momentum after the French presidential election faded. Hot topic Emmanuel Macron, the independent centrist, was elected France’s president in the country’s election at the weekend, beating far-right candidate Marine Le Pen. Although Mr Macron’s victory was a cause for relief in markets and is seen as a broad […]

TOKYO The International Monetary Fund called on Asian economies to learn from Japan’s experience and act early to cope with rapidly ageing populations, warning that parts of the region risk “getting old before becoming rich.” Asia has enjoyed substantial demographic dividends in the past decades, but the growing number of elderly is set to create a demographic “tax” on growth, the IMF said in its economic outlook […]

Monday 16:30 BST What you need to know • The euro is losing momentum after touching a six-month high, down 0.6 per cent at $1.0925 • New York equity markets are muted; European equities markets are falling back, led by banks after early momentum from the French election continues to fade • Oil prices have also been volatile with both Brent and WTI seesawing either side of […]

08 May 2017 Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, signs a US$ 925 million (QR 3.4 billion) structured Shari’a compliant financing facility with Gulf Drilling International Limited QSC (GDI). This new facility will be used to re-organize the company’s debt and further enhance its operational and financial performance. QIB successfully originated, structured and executed the transaction which used an innovative financing structure to meet the […]

By Nigel Stephenson | LONDON LONDON European stocks and the euro pulled back on Monday from highs touched after Emmanuel Macron’s emphatic but well-flagged victory in France’s presidential election as investors’ focus shifted from politics to monetary policy. With the political risks that have dominated European markets in a year packed with elections seen receding, the European Central Bank is expected to have more room to tighten […]

U.S. federal health regulators have approved a new drug for amyotrophic lateral sclerosis (ALS), or Lou Gehrig’s disease. The drug called Radicava or edaravone, is the second drug to be greenlighted by the FDA for the condition after more than 20 years. Radicava is manufactured by MT Pharma America, a subsidiary of Mitsubishi Tanabe Pharma Corporation in Japan. It is given by intravenous infusion and will cost more […]

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What does a professional sailor look for in a watch? Well, Jimmy Spithill, skipper and helmsman of Oracle Team USA, sums it up: “It has to look good, and it has got to have a level of sophistication. Like a boat, having beautiful lines, and sometimes the simplicity, is what makes it look good.” It also has to have features such as, naturally, a waterproof exterior, along […]

08 May 2017 Sharjah – The season’s biggest sale of consumer electronics and fashion products is all set to open as the second edition of mega shopper will be held at Expo Centre Sharjah from May 10 to 13, 2017. Considered as single-largest consumer electronics and fashion event, the 2nd Consumer Electronics Fashion – Big Shopper 2017 promises to be the largest showcase of the latest in gadgets, […]

Emmanuel Macron’s triumph in the French presidential election nudged the euro to a six-month high against the dollar, with analysts and investors predicting that the result could spur a return of money to the eurozone. The euro inched up 0.1 per cent to $1.1021 in the hours after it became clear the centrist had beaten Marine Le Pen, before dipping 0.1 per cent to $1.0977 as Asian trading started. […]

LONDON The euro topped $1.10 for the first time since the U.S. elections on Sunday and climbed to a one-year high against the safe-haven yen on relief that Emmanuel Macron had beaten the far-right Marine Le Pen to clinch the French presidency. Early projections showed the market-friendly, pro-EU candidate Macron had been voted in with about 65 percent of the vote, comfortably defeating Le Pen, a nationalist […]

BOSTON Former U.S. President Barack Obama is expected in Boston on Sunday to receive the John F. Kennedy Foundation’s annual “Profile in Courage Award,” honoring his accomplishments during his two terms in office in the face of intense political opposition. “President Kennedy called on a new generation of Americans to give their talents to the service of the country,” said Caroline Kennedy, John F. Kennedy’s daughter, who […]

Monday UN focus on migrants The UN will meet in Geneva to address the “human rights of all migrants, social inclusion, cohesion and all forms of discrimination, including racism, xenophobia and intolerance”. Organisers say they are working towards an ambitious global policy on migration, an issue high on the political agenda after the Mediterranean migrants’ crisis and US President Donald Trump’s clampdown on migration into the US […]

By Ann Saphir | PALO ALTO PALO ALTO San Francisco Federal Reserve Bank President John Williams on Saturday reiterated his view that the U.S. central bank should begin trimming its massive balance sheet later this year, in part so the Fed has more tools at the ready when the next recession hits. He was the fourth Fed official in two days to suggest the Fed may need […]

May 6, 2017 by: Jeevan Vasagar in Singapore and Michael Peel in Bangkok Puma Energy, the fuel storage and petrol station business backed by Swiss commodities trading house Trafigura, wants to expand in Myanmar across a range of fuel and petroleum products after opening a $100m storage facility at the southern port of Thilawa. The new terminal, with a capacity of 91m cubic metres, opens the prospect […]

By Saikat Chatterjee | HONG KONG HONG KONG Asian stocks declined for a third consecutive day on Friday as fresh falls in commodities raised concerns about the health of the global economy, though the euro bucked the broad weakness on receding concerns about France’s presidential election. Chinese stocks led regional losers, falling to a three-month low as concerns about tighter financial regulations weighed on banking shares while […]

The likes of Shoreditch in London and Williamsburg in New York are now so well-known that they’re starting to lose their hipster lustre, but constant change means that even the world’s most famous cities have new areas which make them worth revisiting. Here are several to watch in 2017. Somerville, Boston Technically a separate city, Somerville has gone from blue collar to every coloured collar you care […]

By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks retreated on Thursday, taking their cues from a subdued session on Wall Street, while the dollar retained gains made after the Federal Reserve delivered a hawkish policy statement. At the end of its two-day meeting, the Fed kept its benchmark interest rate steady as expected, but downplayed weak first-quarter economic growth and emphasized the strength of the labor market, […]

Sign up to receive FirstFT by email here The Federal Reserve said it believed the recent slowdown in US growth was likely to prove temporary as it stayed on course for a further increase in short-term interest rates as soon as June. The US central bank kept its target range for the federal funds rate at 0.75 per cent to 1 per cent following its latest two-day meeting. In […]

The US dollar and Treasury yields held on to their gains after the Federal Reserve said the first-quarter growth slowdown is probably “transitory,” potentially setting the stage for a rate rise this summer. The buck was recently up by 0.4 per cent against the Japanese yen, near the highs of the day. Meanwhile, the euro was off by 0.17 per cent against the greenback, close to session […]

By James Pearson and Alexei Chernyshev | SEOUL/VLADIVOSTOK, Russia SEOUL/VLADIVOSTOK, Russia When North Korean leader Kim Jong Un sent Lunar New Year greetings this year, the first card went to Russian President Vladimir Putin, ahead of leaders from China and other allies of the isolated country, according to its official news agency. Some academics who study North Korea argue Kim could be looking for Russia to ease […]

By Ben Blanchard | BEIJING BEIJING China on Wednesday called on all parties in the Korean standoff to stay calm and “stop irritating each other” a day after North Korea said the United States was pushing the region to the brink of nuclear war. The United States has urged China, reclusive North Korea’s lone major ally, to do more to rein in its neighbour’s nuclear and missile […]

Uber had announced in January that it was bringing its food delivery service to India, its fastest-growing market in the world. And finally, it’s here.  UberEATS has rolled out in Mumbai and will soon be taken to five other Indian cities. India becomes UberEATS’ fourth Asian market, after it launched in Singapore last May, followed by Tokyo (Japan) and Bangkok (Thailand). Interestingly, Uber’s local rival Ola had […]

Just a few weeks after flying in to Dubai to announce that Van Cleef & Arpels would be hosting jewellery-making courses through its Paris school, L’Ecole, in the UAE later this year, president and chief executive of the brand, Nicolas Bos, journeyed to Japan, to launch the maison’s next initiative: the Mastery of an Art exhibition. On display now are 260 high-jewellery pieces from Van Cleef & […]

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Just in:
After Reaching 7 Million Users in the Philippines, Skyro Launches Transparent Cash Loans in Malaysia // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // UK air traffic outage inflicted £33m financial losses // Kochi police detain two actors over bid to honey trap doctor // Dubai boat show confirms international shipyard line-up for November // Oil advances towards $100 as tanker attacks persist // Millions Of Indians May Soon Be Deprived Of Government Assistance // Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // Meraas showcases five residential zones at Dubai Design Week // Private varsities bill all set to face the axe // Technology shares plunge as Nasdaq enters correction // Middle East governments assess Iran war after US vote // ADIA and partners establish $1.4 billion aviation venture // Ta’ziz finalises $1.39bn funding for Ruwais industrial facilities // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 // Emaar approves Development buyout ahead of planned delisting // TVM –Mangaluru Vande Bharat claims top spot // Emirates Group records AED 4.1 billion half-year profit // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles //