The debate about “fake news” has gripped politics since the election of Donald Trump in November and has entered markets as investors spar over a “great rotation” from bonds into stocks. Long predicted by some analysts, expectations of a pronounced rotation out of low-yielding bonds and defensive share sectors into areas of the equity market that prosper from faster economic growth have been heightened by the prospect […]
A man wearing a VR headset experiments with a merged reality experience using Project Alloy at the Intel exhibit during the 2017 Consumer Electronic Show in Las Vegas Virtual reality sought its stride Friday at the Consumer Electronics Show, where despite being a hot topic there was little sign it is racing into mainstream culture. Show floor space devoted to virtual reality abounded with companies diving into […]
Tuesday 02:10 GMT Overview Stock and currency markets across Asia were mixed as Wall Street again pulled back from record highs, leaving the Dow Jones Industrial Average shy of the 20,000 milestone. Hot topic Producer price inflation in China continued to climb, with data showing wholesale prices rose in December at their fastest pace since September 2011. The producer price index was up 5.5 per cent year […]
Upon the closing of the $4.8 billion sale of Yahoo to Verizon, Yahoo will see itself renamed to Altaba Inc as it begins its new direction as an investment company. Complementing the name change will be a new board of directors, with only five individuals claiming a position at the table. Tor Braham, Eric Brandt, Catherine Friedman, Thomas McInerney, and Jeffrey Smith will continue to serve as […]
Yahoo Inc (YHOO.O) said Monday that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc (VZ.N). Yahoo has a deal to sell its core internet business, which includes its digital advertising, email and media assets, to Verizon for $4.83 billion. The terms of that deal could be amended […]
Jared Kushner has been named senior adviser to Donald Trump, formalising the role of the president-elect’s son-in-law as one of the most powerful people in the incoming White House. The 35-year-old property developer, who is married to Mr Trump’s eldest daughter Ivanka, will be taking the role without salary. Ms Trump will not be taking an immediate role in the administration. Transition officials said Mr Kushner would […]
“We have no eternal allies, and we have no perpetual enemies. Our interests are eternal and perpetual, and those interests it is our duty to follow.” So Henry Temple, the third Viscount Palmerston, described British foreign policy in 1848, at the height of its imperial pomp. “England is a power sufficiently strong, sufficiently powerful to steer her own course.” It is more than fanciful to imagine US […]
Two weeks ago we previewed that the U.S. Department of Energy could begin to sell off some of its strategic petroleum reserve (SPR) as soon as January, the beginning of a multi-year process to shrink the nation’s stockpile of oil. Congress has authorized DOE to sell off $375.4 million worth of oil in its recent budget resolution. The DOE said that such a sale could be held […]
Mayfield Robotics chief executive Michael Beebe unveils the Kuri robot at the Consumer Electronics Show in Las Vegas, on January 6, 2017 Professor Einstein rolls his eyes, sticks out his tongue, and can give a simple explanation of the theory of relativity. With his lifelike rubbery “skin” and bushy mustache, he can almost make you forget he’s a robot. The Einstein robot is among dozens roaming the […]
Monday 2.15am GMT Overview Asian stocks were on the rise, buoyed by record highs for Wall Street on Friday and a broadly encouraging US employment report. Hot topic Investors were keeping a cautious eye on China’s currency market, although the renminbi has softened since Friday and last week’s burst of strength. The renminbi was 0.1 per cent weaker at Rmb6.9325 per dollar, as the People’s Bank of […]
Image: ZDNet Anniversaries are opportunities to reflect on what has come before, and to imagine what may transpire in the future. For some, an anniversary is a time for reconfirmation and reaffirmation of beliefs; for others, it is an opportunity to acknowledge the past and to move on. This weekend, industry analysts and volume buyers are returning from CES in Las Vegas, having just seen the multitude […]
Fiat Chrysler said on Sunday that it would invest an extra $1bn in the US and create 2,000 new US jobs at a time when global carmakers are under pressure from President-elect Donald Trump to boost US jobs and investment. Fiat Chrysler, which made its announcement as the Detroit auto show geared up to open to the press on Monday, insisted that the move had nothing to […]
The human body is a very complex system of organs that work together for the survival of the human being. Sometimes, though, it can play strange little tricks on humans just to show what it is capable of. Such is the case of a 16-year-old girl in Japan who underwent an emergency appendectomy for her acute appendicitis. However, during the said operation, doctors noticed a large growth […]
Along with most of his Wall Street peers, BofA’s Chief Investment Strategist Michael Hartnett flipped his outlook on risk assets shortly after the election, turning from quietly bearish to vocally bullish and forecasting a substantial rise in US equities, and even more substantial bounce for Japanese, European and UK stocks as well as oil. So far, Hartnett has been correct, and according to recent fund flows, much […]
The unveiled Fiat Chrysler Portal Concept car during the Fiat Chrysler press conference at the 2017 Consumer Electronics Show (CES2017) in Las Vegas The car of the future doesn’t just want to drive you. It wants to know you. The automotive technology showcased at the Consumer Electronics Show over the past week was in part about self-driving vehicles, but also about personalizing the driving experience. Artificial […]
The UK’s Brexit vote shook the cocoa futures market in 2016, pushing the commodity that is priced in sterling to levels not seen in decades. Six months on, traders are feeling a new aftershock from the UK referendum following a filing for bankruptcy protection at the end of December by the US subsidiary of a top 10 cocoa processor Transmar Group. Transmar Commodity Group filed for Chapter […]
|By Arabian Post Staff| Japanese Olympus Corporation, the world leader in the manufacture of high-end optics and precision electronics used by the aviation industry, is establishing its Middle East and Africa (MEA) headquarters in Dubai. The facility will incorporate a state of the art service and training centre for both support and knowledge transfer. From Dubai, the headquarters will cover 72 countries from across the South Africa […]
This year will doubtless throw up even more global-scale curveballs than the tumultuous previous 12 months. But whatever happens, at least there’s solace to seek from some tantalising fresh metal due to roll out between now and the end of December. Here are seven debutants we’re keenly anticipating. newslide Alfa Romeo Stelvio The Italian serpent brand is the latest to join the SUV horde, but its new […]
By Christine Murray | SAN LUIS POTOSI, Mexico SAN LUIS POTOSI, Mexico Ford Motor Co’s (F.N) abrupt move to scrap a planned $1.6 billion car plant in central Mexico has spooked a network of suppliers who bet on a growing customer base and dramatized the risk that Donald Trump’s agenda poses to the country’s broader economy. Many auto parts makers had started to expand in anticipation of […]
To understand the Xperia XZ, you need to understand the genesis of its name, and therefore the weird rollercoaster ride that has been Sony’s Xperia line of phones in recent years. In February 2016, the Japanese electronics behemoth announced that its flagship Z-line of Xperia phones had ended, and in its place would be the more mainstream X-line of devices. Essentially, this meant that Sony was going […]
TOKYO U.S. President-elect Donald Trump has threatened Toyota Motor Corp (7203.T) over its Mexican-built cars, but the biggest risk from a punitive tariff would be for its compatriot Nissan Motor Co (7201.T), the largest automaker operating in the country. Trump has criticized U.S. companies like General Motors (G.N) and Ford Motor Co (F.N) which manufacture abroad, accusing them of costing U.S. jobs. On Thursday he took on […]
Abu Dhabi-based Mubadala Development Co is reportedly mulling plans to commit up to $15 billion to partner with a new fund to invest in global technology. Bloomberg reported that Mubadala is looking to partner with SoftBank Group Corp and Saudi Arabia’s Public Investment Fund in the SoftBank Vision Fund which is set to close in January and will be capped at $100 billion, citing people familiar with […]
By Kaori Kaneko and Tetsushi Kajimoto | TOKYO TOKYO Japan said on Friday it was recalling its ambassador to South Korea over a statue commemorating Korean women forced to work in Japanese military brothels during World War Two and that the statue violated an agreement to resolve the issue. The two nations agreed in 2015 that the issue of “comfort women”, which has long plagued ties between […]
Donald Trump has turned his Twitter ire on Toyota, telling the Japanese carmaker that it will face heavy penalties if it chooses to make cars for the US market in Mexico. “Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY! Build plant in U.S. or pay big border tax,” the President-elect wrote on Twitter on Thursday. The […]
