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Oil and chip shares retreat after Democratic victories // Private varsities bill all set to face the axe // Emaar approves Development buyout ahead of planned delisting // TVM –Mangaluru Vande Bharat claims top spot // UK air traffic outage inflicted £33m financial losses // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Meraas showcases five residential zones at Dubai Design Week // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction Vision for Gasoline-Powered Vehicles // Emirates Group records AED 4.1 billion half-year profit // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // Hong Kong mandates crypto transaction disclosures to tax authorities // Ta’ziz finalises $1.39bn funding for Ruwais industrial facilities // OpenAI identifies 948 Linux privilege escalation flaws using AI // APT29-linked campaign exploits outdated Apple and Android software // After Reaching 7 Million Users in the Philippines, Skyro Launches Transparent Cash Loans in Malaysia // Millions Of Indians May Soon Be Deprived Of Government Assistance // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // 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 //

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Mid Term

One can count on smart and witty astrophysicist Neil deGrasse Tyson to throw someone a playful challenge every time. Take, for instance, his message for SpaceX founder Elon Musk during an “Ask Me Anything” session on Reddit Sunday. When asked about the recent Falcon 9 mission (its historic blastoff into space carrying a SES-9 satellite) and whether he would ever consider going to Mars via the Musk-owned company, […]

Spain’s foreign minister Alfonso Dastis has said his government is “surprised” at the tone of commentary in the UK over Gibraltar, after a weekend in which former Tory leader Michael Howard suggested Britain could go to war to defend the territory. “I think that someone in the UK is losing their temper and there’s no reason for that,” said Mr Dastis, as he sought to play down […]

To Jeremy Grantham, co-founder and chief investment strategist of the Boston asset manager GMO, the earth’s changing temperature is an investment imperative as well as a question of ethics.  “The climate is moving much faster than people think, and the responses are going to move much faster as well”, he says, arguing that measures to help polluters announced last week by the administration of Donald Trump may […]

PARIS French presidential candidate Francois Fillon, an outsider to win after involvement in financial scandal, said on Monday he would order a parliamentary inquiry into allegations President Francois Hollande interfered in the justice system, if elected. Once the frontrunner, the conservative former prime minister’s poll ratings have slumped since allegations surfaced that he paid his wife and sons hundreds of thousands of euros of public money for […]

Australia’s house prices are rising at their fastest pace in seven years, igniting fears of an emerging property bubble and prompting regulators to crack down on risky bank lending. New figures on Monday show residential property prices have increased 12.9 per cent in the past 12 months, with prices in Sydney surging 18.9 per cent — the fastest rate of growth in almost 15 years. “Four of […]

Monday 09:35 BST What you need to know ● Equities starting second quarter on the front foot● S&P 500 futures just 1.5 per cent off record and Euro Stoxx up 0.4 per cent ● Investors keeping a watch on national manufacturing surveys● Dollar little changed against peers and South African rand continues to slide● Brent and WTI crude hold above $50 a barrel, while gold soft——————- Hot […]

With so many respected newsrooms still adjusting to having the president call them “enemy of the American people,” next week’s announcement of the 2017 Pulitzer Prizes feels like a showdown. What will the winning journalism say about the press’ value to the public? We’re about to find out. Pulitzer selections reflect a closed-door, two-step process at New York’s Columbia University, which administers the prizes. Jurors from around […]

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SEOUL South Korea’s Lotte Group will continue to invest in its China business despite diplomatic tensions over the deployment of a U.S. missile defense system, a Lotte executive said on Monday, denying rumors it wants to scale back there. Chinese authorities closed dozens of Lotte retail stores following inspections, ramping up pressure on Korea’s fifth-largest family-run conglomerate after it agreed to provide land for the U.S. Terminal […]

Abu Dhabi, 2 April 2017: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has been named the Best Islamic Financial Institution in the UAE by Global Finance Magazine, one of the world’s leading finance and banking publications. Now in its 10th edition, the Global Finance Magazine awards are bestowed on banks that provide best in-class Shariah-compliant banking services and solutions, utilize modern and efficient channels to […]

The recently unveiled Galaxy S8 and S8 Plus flagships will not be compatible with Google’s Daydream VR headset. Both phones, sporting gorgeous, near bezel-less displays, is decidedly perfect for virtual reality experiences given the screen’s vibrance and pixel density. A great display is one of the de facto requirements of smooth VR experiences, and it’s a shame that the Galaxy S8’s awe-striking display won’t tandem Google’s own VR […]

To Jeremy Grantham, co-founder and chief investment strategist of the Boston asset manager GMO, the earth’s changing temperature is an investment imperative as well as a question of ethics.  “The climate is moving much faster than people think, and the responses are going to move much faster as well”, he says, arguing that measures to help polluters announced last week by the administration of Donald Trump may […]

DUBAI // Retailers are bracing for a rush on big-ticket items including cars, electronics and jewellery before the value-added tax is brought in next year. Shoppers are expected to make major purchases earlier to beat the 5 per cent goods and services tax that will be introduced across the GCC next January. At a car show room on Sheikh Zayed Road in Dubai, Abu Razak, 44, a […]

Some of the region’s leading female filmmaking talent gathered at the film and TV industry trade show Cabsat at Dubai World Trade Centre last week to talk about their careers and the challenges they face. They were assembled by ­Japanese camera ­manufacturer Canon to help promote the local launch of its new C700 ­cinecamera. Encouragingly, none of those we spoke to felt they had been passed over […]

China’s Huishan Dairy raised millions of dollars by selling shadow bank products labelled as “low risk” to the public last year, only months before missed loan payments sent creditors scrambling to protect themselves, according to exchange listings in north-east China. Huishan’s share price plunged 85 per cent in Hong Kong on March 24 amid reports — which the company denies — that chairman and controlling shareholder Yang Kai embezzled Rmb3bn […]

The number of lease renewals at reduced rents is three times higher in Dubai than it was at the bottom of the last market trough in 2012, according to the managing director of CBRE Middle East. Preliminary findings from CBRE research expected to be published in May indicates that landlords are increasingly flexible on lease renewal terms as they seek to retain existing tenants rather than risk […]

NEW YORK Tesla Inc (TSLA.O), the U.S. luxury electric car maker, said on Sunday first-quarter vehicle deliveries jumped 69 percent from a year ago to a quarterly record of 25,000 vehicles, bouncing back from delays in the previous quarter. The company said of the total vehicles delivered, about 13,450 were Model S sedan and about 11,550 were Model X sports utility vehicle. Tesla has said it expects […]

By Michael Nienaber | BERLIN BERLIN Chancellor Angela Merkel said refugees in Germany must respect tolerance, openness and freedom of religion, while senior members of her party called for a ban on foreign funding of mosques. Merkel, who will seek a fourth term as chancellor in what is expected to be a tight election in September, has come under fire for allowing more than one million refugees […]

An iPhone nearly killed a man who fell asleep while his phone was still charging. He was admitted to a hospital with second and third-degree burns to his neck and hands. Wiley Day, from Alabama, was almost killed by electrocution on March 23. He said that his metal dog tags slipped between the charger and the extension cord while he was asleep. Man Survives After Electrocution Day was […]

Here are the main questions facing markets as a new trading week and the start of the second quarter beckons. What are the likely drivers?A host of market-moving events confront investors as the calendar flips over to April. These include France’s presidential elections and the opening salvos of the UK’s divorce from the EU. But there is also the prospect of a sustained recovery in global activity, […]

The long-awaited James Webb Space Telescope, or JWST, is getting ready for its 2018 launch. Engineers are readying the JWST so that it can be dispatched to Houston, Texas, for additional tests, before it embarks on its space odyssey. The JWST is the successor of the Hubble and will be placed inside a massive thermal vacuum chamber. This chamber has previously been used for testing the Apollo spaceships […]

Police came knocking on Ahmet Altan’s door at 6am. After searching his house, they bundled the journalist, who is one of Turkish president Recep Tayyip Erdogan’s fiercest critics, off to jail. Mr Altan has remained behind bars for some 200 days — except for one day when he was released and then rearrested after criticising the government again. And in that time, his lawyers have struggled to […]

By Hasmik Mkrtchyan | YEREVAN YEREVAN Armenians voted for a new parliament on Sunday in a closely fought race between the ruling party and a former coalition partner that heralds the start of a parliamentary system of government. Under constitutional changes critics say were designed to prolong the political life of President Serzh Sarksyan, parliament, not voters, will elect the president for the first time. That role […]

By Jonathan Spicer | NEW YORK NEW YORK The Federal Reserve could begin shrinking its $4.5-trillion balance sheet as soon as this year, earlier than most economists expect, New York Fed President William Dudley said on Friday in the central bank’s most definitive comments on the question that looms over financial markets. The hawkish-sounding assertion temporarily pushed the dollar lower and raised yields on longer-dated bonds, and […]

ABU DHABI // Abu Dhabi has pushed ahead with a construction programme that began before crude prices slumped in 2014. From a branch of the Louvre museum in Paris, a new airport terminal and a nuclear power plant, here are the 10 biggest projects under way in the emirate. With a combined value of Dh134 billion they are expected to be completed by 2020, according to a […]

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Just in:
Dubai details five-year visa benefits for returning visitors // Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Private varsities bill all set to face the axe // Dubai boat show confirms international shipyard line-up for November // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // Emirates Group records AED 4.1 billion half-year profit // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // Ousted top Kochi cop gets IG post // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // Asia Left Behind: Ten international companies have yet to report delivering on their cage-free egg pledges across the region // Oil and chip shares retreat after Democratic victories // Oil advances towards $100 as tanker attacks persist // TVM –Mangaluru Vande Bharat claims top spot // Cloudflare unveils Zero Wire vulnerability intelligence service // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Ta’ziz finalises $1.39bn funding for Ruwais industrial facilities // Millions Of Indians May Soon Be Deprived Of Government Assistance // APT29-linked campaign exploits outdated Apple and Android software //