ROME Italian Prime Minister Paolo Gentiloni said on Tuesday that he wants to send a strong message in favour of free trade when he welcomes U.S. President Donald Trump and other world leaders in Italy in May. Italy hosts the annual meeting of seven of the world’s biggest industrialised economies (G7) in the town of Taormina in Sicily on May 26-27. It will be Trump’s first scheduled […]
By Stephanie Nebehay | GENEVA GENEVA North Korea has nothing to fear from any U.S. move to broaden sanctions aimed at cutting it off from the global financial system and will pursue “acceleration” of its nuclear and missile programmes, a Pyongyang envoy told Reuters on Tuesday. This includes developing a “pre-emptive first strike capability” and an inter-continental ballistic missile (ICBM), said Choe Myong Nam, deputy ambassador at […]
The paper dispensers have reduced waste by 70 percent since they were brought to Temple of Heaven over the weekend, according to the firm behind the device A years-long crime spree by Chinese toilet paper thieves may have reached the end of its roll after park officials in southern Beijing installed facial recognition technology to flush out bathroom bandits. Park managers at the Temple of Heaven, an […]
TOKYO Asian shares hit 21-month highs on Tuesday while the dollar and U.S. bond yields were on the backfoot on the prospect of a less hawkish than previously expected Federal Reserve policy trajectory. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.3 percent in its eighth consecutive day of gains with tech-heavy Seoul and Taipei shares .KS11 .TWII hitting two-year highs while Hong Kong’s Hang […]
TOKYOJapan’s cabinet on Tuesday approved legislation that would penalise criminal conspiracies, a move critics say threatens civil liberties, but officials say is needed to prevent terrorist targeting events like the 2020 Tokyo Olympics. Proponents say the steps are vital in a security climate where terrorism risks have grown and in order to ratify a U.N. Treaty aimed at battling international organised crime. “Considering the current situation regarding […]
By Matt Spetalnick and David Brunnstrom | WASHINGTON WASHINGTON The Trump administration is considering sweeping sanctions aimed at cutting North Korea off from the global financial system as part of a broad review of measures to counter Pyongyang’s nuclear and missile threat, a senior U.S. official said on Monday. The sanctions would be part of a multi-pronged approach of increased economic and diplomatic pressure – especially on […]
NEW YORK Billionaire philanthropist David Rockefeller, former head of Chase Manhattan Corp and patriarch of one of the most famous and influential American families, died on Monday, a family spokesman said. He was 101. Rockefeller, who reportedly gave away nearly $2 billion in his lifetime, died in his sleep of congestive heart failure at his home in Pocantico Hills, New York, spokesman Fraser Seitel said in a […]
NEC, in partnership with Singapore public transport service provider SMRT Corporation, is using artificial intelligence (AI) to prevent bus accidents on the city-state’s roads. The Japanese giant is taking historical data from a bus driver’s work records, telematics data produced by each bus, and observations made by on-board data scientists to determine whether a driver is likely to cause an accident in the next three months, and […]
Monday 06:10 GMT Overview The US dollar continued its slide in the wake of last week’s widely expected decision by the Federal Reserve to raise interest rates, while Asian stocks were mixed. European bourses are expected to open with a soft bias, with spreadbetters predicting the UK’s FTSE 100 will be unchanged but Germany’s Dax to drop 30 points to 12,065. US index futures suggest the S&P […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks were mixed on Monday in thin trade, following Wall Street’s declines and the G20’s decision to drop a pledge to avoid trade protectionism, while the Federal Reserve’s less hawkish-than-expected comments continued to drag the dollar lower. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.1 percent. Chinese shares .SSEC added 0.2 percent, while Hong Kong’s Hang Seng […]
One day after Rex Tillerson warned that the US is contemplating a pre-emptive military attack on North Korea, the isolated nation announced it has conducted a ground test of a new type of high-thrust rocket engine that leader Kim Jong Un is calling a “revolutionary breakthrough” for the country’s space program, the North’s state media said Sunday. Kim attended Saturday’s test at the Sohae launch site, according […]
There are more than 100 places to get steak in the UAE and more steakhouses are opening all the time, which is testament to the fact that beef is one of the world’s most popular dishes. If there’s one thing the UAE likes to eat it’s beef, and the country’s connoisseurs have long enjoyed a love affair with one particular type – Wagyu. This intensely marbled beef […]
From the evil alien foe Krall in Star Trek Beyond, which was partly shot in Dubai, to the battle-hardened guerrilla commandant in Netflix’s harrowing debut feature Beasts of No Nation, and the tortured murder detective in the globally successful detective-show Luther, British actor Idris Elba has made a career out of playing tough guys. His latest show for Discovery Channel, Idris Elba: Fighter, however, sets out to […]
Finance ministers from the world’s biggest economies have dropped pledges to renounce protectionism in a meeting marked by tension over trade between the US and China. G20 finance ministers meeting in the German resort town of Baden-Baden noted the importance of trade to the global economy, but dropped tougher language from last year that vowed to “resist all forms of protectionism”. We have reached an impasse The […]
The world’s temperature sweltered last month. It was the second warmest February of all Februaries in almost 140 years, according to data released this week. Data from NASA’s Goddard Institute for Space Studies revealed that the global temperature in February was 1.1 degrees Celsius above average. Last year’s February recorded a temperature of 1.32 degrees Celsius, which was a breakaway from the average records in 137 years. The […]
DUBAI Saudi Arabia’s King Salman, who was on an official tour in Asia, has left China to head back to his kingdom, the state news agency SPA reported on Friday. Saudi Arabia’s octogenarian monarch, who has overseen the launch of an ambitious economic reform plan since his accession two years ago, was on a month-long tour of Asia that took him to Malaysia, Indonesia, Japan and China. […]
By Ben Blanchard | BEIJING BEIJING China is likely to express its anger at being told to rein in nuclear-armed North Korea when U.S. Secretary of State Rex Tillerson arrives in Beijing on Saturday, his first visit to the country since taking office last month. Beijing is expected to call on Washington to share responsibility in lessening tensions in the region, while strongly opposing this month’s deployment […]
Your daily guide to community and cultural activities across the Emirates for March 18, 2017, including performances, festivals, art exhibitions, film creenings, health and fitness events, talks, classes, workshops and family fun. Aarti Jhurani rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Al Ain Film screening Watch […]
At 38 years and counting, the clock is ticking against the famed environmental artist for his proposal to create the world’s largest sculpture in the UAE desert. Even though many of Christo’s memories may be cherished, not every anniversary is a cause for celebration. “I am not a masochist, I don’t like to spend 38 years working on this project,” says the white-haired artist who wrapped the […]
Tiffany & Co (TIF.N) reported fourth-quarter profit ahead of analysts’ estimates as it sold more jewelry in Japan and China, sending shares to a 19-month high in morning trading on Friday. Sales in Japan were bolstered by the brand exposure Tiffany got through a popular television show last year and a strong yen helped boost spending by Japanese tourists in other regions, Tiffany’s Chairman and interim Chief […]
Friday 13:30 GMT What you need to know ● Dollar index nudges up after hitting five-week low● Short term US bond yields inch higher● Global stocks at record as Wall St gains ground● Oil prices firmer after volatile week● Gold advances towards $1,230 an ounce——————- Hot topic Has the buck bounce run its course? The dollar index (DXY) — a measure of the greenback against a basket […]
Secretary of State Rex Tillerson, the former Exxon CEO, is undoubtedly familiar with “tone at the top,” a term coined by audit firms and drilled home by business ethicists in the wake of financial scandals at Xerox, Enron and Arthur Andersen. When corporate leaders fail to model tone at the top by upholding principles, corners are cut and lapses trickle down and poison institutional culture. And yet […]
Saudi Arabia’s push to boost political and trade ties with the Maldives faces growing resistance as activists in the archipelago oppose plans for an ambitious development project funded by the kingdom. King Salman bin Abdulaziz, who is on a month-long tour of Asia as Saudi Arabia seeks to deepen alliances with predominantly Muslim states in the region, is due to visit the Indian Ocean nation at the […]
Overall, there was a 17% increase in the number of companies in MEA in 2016 compared to 2015, with Johannesburg being the leading destination for Africa JOHANNESBURG, South Africa, March 16, 2017 The Middle East Africa (MEA) region has become increasingly important for the majority of global Fortune 500 countries, according to a new report released by Infomineo (www.Infomineo.com ), a global business research company specialising in […]
