The UAE will host the FIFA Club World Cup tournament in 2017 and 2018, it has been confirmed following the 2016 final which saw Real Madrid crowned world champions. The FIFA Club World Cup 2016 final, played in Yokohama International Stadium, saw the Spanish giants beat Japan’s Kashima Antlers, thanks to a Cristiano Ronaldo hat-trick. The UAE was previously host to the tournament in 2009 and 2010. […]
By Jake Spring | NINGDE, China NINGDE, China A dusty village on the outskirts of Ningde, a third-tier city in China’s southeast, seems an unlikely place for the headquarters of a potential global leader in future automotive technology. Yet China’s top-down industrial policy diktats – move up the value chain, clean up polluted urban skies, and shift to plug-in cars – have Contemporary Amperex Technology Ltd (CATL) […]
By Jeffrey Heller | JERUSALEM JERUSALEM Israel summoned the ambassadors of 10 nations to Jerusalem to reprimand them on Sunday and had more harsh words for the Obama administration over a U.N. Security Council resolution demanding an end to settlement-building. Prime Minister Benjamin Netanyahu put his personal imprint on the show of anger by repeating at the weekly cabinet meeting what an unidentified Israeli government official contended […]
If you have yet to make plans for New Year’s Eve, don’t worry, it is not too late. Most restaurants will be open and serving up special meals to ring in the new year. Here are some of the most notable spots to get a memorable meal and a view of the fireworks as you welcome in 2017. Abu Dhabi For a great view of the fireworks […]
BEIJING China’s first aircraft carrier will carry out drills in the Western Pacific, in what the navy called part of routine exercises, but amid renewed tension over self-ruled Taiwan that Beijing claims as its own. The navy said in a statement late on Saturday the Liaoning, along with its accompanying fleet, would conduct “exercises far out at sea”, without giving details of the location or route, in […]
Toyota Motor Corp (7203.T)said on Saturday that a new chief executive officer will lead its Brazil operations beginning Jan. 2. The Japanese carmaker said Rafael Chang would take over the company’s largest South American operation. He will replace Koji Kondo, whom the company praised as leading Toyota through difficult years as demand for autos in Brazil has fallen by half in the last four years. Toyota, Brazil’s […]
The haiku is a powerful poetic form derived from the original Japanese style, with its structured three lines of five, seven and five syllables. David Lanoue, haiku poet and author, defines it as: “A one-breath poem that discovers connection.” They’re beautiful but not something you expect to find many of in the FT. However, in a fit of experimentation earlier this year, we created an algorithm that […]
A man wearing a Santa Claus costume walks atop Jerusalem’s Old City walls on December 23, 2016 An online Santa tracker run by a Canadian and American defense agency mapped the jolly old gift-giver’s path around the globe Saturday, in what has become a Yuletide tradition. Every Christmas Eve since 1955, the North American Aerospace Defense Command (NORAD) has been tracking Saint Nicholas’s annual voyage to deliver […]
DUBAI Iran plans to ask international oil companies to bid for the second phase of development of its Yadavaran and North Azadegan oilfields, a senior official said on Saturday. That means Chinese firms China National Petroleum Corp (CNPC) [CNPET.UL] and Sinopec (0386.HK), which have played a leading role in developing the fields until now, will have to compete with other firms if they want to maintain that […]
The power of a good interview to shed light on the personalities and themes driving the news agenda was demonstrated clearly in the year of tumult that has been 2016. As geopolitical shocks spread, a roll call of politicians, business leaders, celebrities and cultural figures sat down with the Financial Times to share their thoughts. In the UK, Theresa May revealed some insights into her brisk management […]
A round up of some of 2016’s most significant corporate events and news stories. Smartphone sales © EPA A bright start to the year for Samsung Electronicswent up in smoke, after it took the unprecedented decision to axe its Galaxy Note 7 line, following a spate of safety issues that saw the smartphone banned from aircraft, writes Nic Fildes. The 2016 Galaxy Note iteration won substantial praise […]
The vote for Brexit will change the course of Britain’s history, Philip Hammond announced last month. The UK chancellor may be a strident advocate for a soft departure from the EU but he has also been keen to paint a positive picture of the country’s economy, saying the UK’s fundamental strengths will “ensure our future success”. Financial markets are sceptical. The economy may have confounded doom laden […]
A hundred years ago, an arms race between the dominant global superpower the (British Empire) and a rising power (Kaiser Wilhelm’s Germany) culminated in the mass slaughter of World War One. The deep mistrust between the United States and the People’s Republic of China has all the potential to spawn a traumatic chapter in international relations. Despite its “pivot” to Asia, the Obama White House was cautious […]
Honda R&D and Waymo are in discussion over self-driving car tech. Honda is in discussion with Google’s autonomous vehicle division Waymo about integrating self-driving technology into Honda vehicles. Honda said the technical collaboration between researchers at its Honda R&D subsidiary and Waymo’s self-driving technology team would allow both companies to learn about the integration of Waymo’s fully self-driving sensors, software and computing platform into Honda vehicles. As […]
Submitted by Federico Pieraccini via Strategic-Culture.org, Understanding the objectives and logic that accompany the expansion of nations or empires is always of paramount importance in helping one draw lessons for the future In this series of four articles I intend to lay a very detailed but easily understandable foundation for describing the mechanisms that drive great powers. To succeed, one must analyze the geopolitical theories that over […]
Russian President Vladimir Putin has written to Donald Trump to express his hope that Moscow and Washington improve relations after the US president-elect is inaugurated on January 20. “I hope . . . we will be able — by acting in a constructive and pragmatic manner — to take real steps to restore the framework of bilateral co-operation in different areas as well as bring our level of collaboration on the […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Most of us can feel unavoidably like Mongo in Mel Brooks’ “Blazing Saddles,” meaning a self-perception that “Mongo only pawn in game of life.” (YouTube) Yes, we all try to be philosophical but can lapse into merely being dim-witted, like […]
Christmas is almost here (and so is Hanukkah), and so it is time for the Long View to revisit the offices of Hindsight Capital LLC once more. Hindsight Capital, for the uninitiated, is the hedge fund that beats all others year in and year out because it is endowed with 20/20 hindsight; it can see the future. The returns to clairvoyance are potentially infinite, so it has […]
Thousands of men, women and children from Myanmar’s Rohingya minority have fled the country over what the army is calling a crackdown on insurgents. A Wall Street Journal article examines the intensification of a long-simmering conflict between Yangon and the Rohingya Muslims, who are denied citizenship in the predominantly Buddhist Southeast Asian state. Here is a short history of the Rohingya people. 8th Century: The Rohingya, a […]
Good morning. A media A-list’s favorite books of 2016 Jake Tapper, the CNN reporter-show host, needed far less time than even a hyperactive wire service rewrite guy to answer a question about his favorite book this year: “‘Moonglow’ by Michael Chabon.” Bam, that didn’t take long. But it’s why amid a Trump- and-terrorism-centric moment, I asked busy and smart journalists to go high when so many others […]
Net redemptions from emerging market equity funds reached a five-week high in the latest week amid pressure from the rising dollar and uncertainty about trade policy in the US, especially with China. Investors withdrew $3.7bn from emerging market equity funds in the week to Wednesday, according to EPFR Global, with Asia ex-Japan equity funds seeing net redemptions of $2.36bn, the largest since September of 2015. China equity […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. It could be a dinner akin to the disastrous ones in “Meet the Parents,” “Talladega Nights” and “Wedding Crashers.” Or maybe “American Beauty,” where newly unemployed Kevin Spacey turns to his wife (Annette Bening) and daughter (Thora Birch) and says […]
More than four decades after a sweeping British military withdrawal from bases “east of Suez”, the UK is scaling up its defence engagement in the Gulf and Asia in what analysts regard as a recognition of the region’s growing global importance. Britain is reopening a naval support facility in Bahrain, creating a permanent army presence in Oman and establishing new defence staff centres in Dubai and Singapore. […]
Friday 02:50 GMT Overview Asian markets not already shut for the holidays went into retreat, following a negative lead from Wall Street as investors took a breather ahead of the Christmas break. Hot topic Most major global stock markets were on track to finish December in the black, continuing the rally set off by Donald Trump’s presidential election victory in early November. In Asia, Japanese equities have […]
