JPMorgan is in talks to buy a new building in Dublin, but has told London staff it will not “rush into any decisions” on how it will adjust its operations after Brexit. Bloomberg reported that the US bank was in talks to buy a 130,000 sq ft office in the centre of the Irish capital which could accommodate about 1,000 people. The bank declined to comment. The news […]
MUNICH, Germany Linde’s (LING.DE) works council chief will vote against the German industrial gases group’s planned $65 billion merger with U.S. rival Praxair (PX.N) when it comes up for approval by the supervisory board, he told Reuters on Thursday. Gernot Hahl said he believed Linde would bear the brunt of the $1 billion planned synergies, losing jobs as well as the right to co-determine company strategy that […]
Sea lampreys (Petromyzon marinus) have gained a notorious reputation in the North American Great Lakes. Although considered an endangered species in their native territories – Europe and the Pacific Northwest – their presence inspires terror in U.S. waters, threatening local fish populations and the fishing industry. These parasitic eel-like fish thrive at the expense of other aquatic creatures, which have come to fear their gaping jawless mouths. Equipped with razor-like […]
Elevate, one of the biggest subprime lenders in the US, is reviving plans to go public, seeking to cash in on a big lift in sentiment since the election victory of Donald Trump. Financial stocks have rallied hard since November 8, with big banks such as Bank of America rising as much as 50 per cent on hopes of fatter lending margins, lower taxes and lighter regulation. […]
For a US$2,000-a-night (Dh7,345) trip to the land of happiness, I’m a little surprised by the “assumption of risk and limitation of liability” statement my tour operator, Amanresorts, insists I sign before proceeding with my Bhutan itinerary. “I understand that I am undertaking travel to a remote geographical area in an undeveloped country where, among other things, a sense of urgency, attention to detail, standards of quality, […]
The State Department on Wednesday notified Congress of its intent to proceed with the sale without the conditions, according to Micah Johnson, a spokeswoman for the Senate Foreign Relations Committee. Congress now has two review periods to examine the sale and raise any objections. Continue reading the main story Mr. Tillerson will attend his first meeting of NATO on Friday in Brussels, where he may run into […]
Thursday 08:35 BST What you need to know ● Stock markets mixed after Wall Street’s steady display● Shanghai Composite hits 6-week low amid liquidity concerns● Sterling holds above $1.24 as traders ponder Brexit implications● Dollar index above 100 as euro softens on ECB report● Oil prices add to Wednesday’s 2.1 per cent gain and gold dips——————- Hot topic Traders are keeping a wary eye on the action […]
TOKYO Japan’s ruling party on Thursday urged Prime Minister Shinzo Abe’s government to consider acquiring the capability to hit enemy bases and to beef up missile defence, as North Korea defies U.N. sanctions with its nuclear and missile development. “North Korea’s provocations have reached a level where our country can by no means overlook them … We cannot afford to lose any time to bolster our ballistic […]
THE DEAD SEA, Jordan: European Union High Representative Federica Mogherini on Wednesday said the EU and the Arab region are “going through years of suffering. Peace and reconciliation can only come through a truly collective and cooperative approach.”Addressing Arab leaders at the Arab Summit, Mogherini said no regional or global power alone holds the key to stabilizing the Middle East or North Africa.“Peace… requires everyone’s constructive contribution,” […]
29 March 2017 Doha – Hamad Medical Corporation (HMC) is excited to announce two of the keynote speakers for this year’s Middle East Forum on Quality and Safety in Healthcare who will offer delegates a very different perspective on healthcare provision. One of the keynote speakers is a life-long patient, Ms. Tiffany Christensen, who was diagnosed with cystic fibrosis when she was six months old. At 12 […]
PHNOM PENH Cambodia’s exiled former opposition leader Sam Rainsy was sentenced in absentia on Thursday to an additional 20 months in prison for defamation, on top of a previous five-year term. Opponents of Prime Minister Hun Sen accuse him of using defamation cases and other tactics to marginalise rivals ahead of local elections in June and a general election next year. The case against Sam Rainsy had […]
“We recognized the nature of the fight was going to change and that we had to ensure that authorities were down to the right level and that we empowered the on-scene commander,” General Votel said. He was speaking specifically about discussions that he said began in November about how the fights in Syria and Iraq against the Islamic State were reaching critical phases in Mosul and Raqqa. […]
Oman is most likely to face a “forced currency devaluation” in coming years due weak oil prices and low financial buffers, according to a new report. In its report issued on Wednesday, BMI Research, a Fitch Group Company, said that the “probability of such a move is rising.” Oman’s crude oil price have declined to $45.9 per barrel driven by weakness in global energy markets since early-2017, […]
In what was the clearest sign to date that the Fed is targeting the stock market bubble with its rate hikes (recall two weeks ago Goldman caused a stir when it suggested that the Fed had made a policy error by being overly dovish with its rate hike, which instead of tightening financial conditions, had the effect of a 25bps rate cut), today not one but two […]
British and US bans on laptops and tablet computers in flight cabins are not sustainable in the long term, the head of the association representing airlines said Tuesday. “The current measures are not acceptable as a long-term solution to whatever threat they are trying to mitigate,” said Alexandre de Juniac, director general of the International Air Transport Association. “Even in the short term, it is difficult to […]
By Caroline Valetkevitch | NEW YORK NEW YORK A U.S. stock rally fueled by optimism President Donald Trump will boost the economy may be near its peak, according to a Reuters poll of strategists who forecast U.S. shares will gain less than 3 percent between now and year-end. The run up since the Nov. 8 U.S. election has left the S&P 500 .SPX at levels many consider […]
A wonderful skyscraper is getting ready and will hang like a fruit above the Earth. Analemma Tower, proposed to be the world’s tallest building, will be a marvel in motion, as it comes pointing to Earth. Its residents will be going over a world tour above the world’s top cities at an altitude of more than 30, 000 miles. What makes the skyscraper so special is that it […]
By Elizabeth Piper | LONDON LONDON After nine months of preparation, bitter public argument and a battle with parliament, British Prime Minister Theresa May is launching talks with the European Union armed with a plan she hopes will secure a better divorce deal than many expect. But what is it? Although May has published a policy document outlining a 12-point approach to the talks that will reshape […]
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. Donald Trump is temporary ratings gold, which is either evidence of renewed civic engagement or merely the decline of Western civilization. Variety reports that Fox News “finished far and above its competition in the ratings for the first quarter of […]
LONDON Britain’s financial sector is drawing up proposals on how it could still serve EU clients after Brexit, even as firms begin establishing new operations on the continent to keep access to the European market. Regulatory and banking experts working for the City of London and lobby group TheCityUK are basing their ideas on a ‘mutual recognition’ system. Under this, the European Union and Britain would broadly […]
By Guy Faulconbridge and Elizabeth Piper | LONDON LONDON Prime Minister Theresa May will file formal Brexit divorce papers on Wednesday, pitching the United Kingdom into the unknown and triggering years of uncertain negotiations that will test the endurance of the European Union. Nine months after Britons voted to leave, May will notify EU Council President Donald Tusk in a letter that the UK really is quitting […]
New photovoltaic plant will add 61.3 MWp of installed energy capacity to Risha, Jordan Lowest tariff for solar energy ever presented for a Jordan-based photovoltaic project The plant marks ACWA Power’s strategy of continuous investment Jordan, and its second Solar Photovoltaic Plant The new PV plant will bring the installed capacity in Jordan as controlled by ACWA Power to 1,665 MW further consolidating ACWA […]
AMSTERDAM Elliott Advisors, the activist investor with a 3.25 percent stake in Akzo Nobel (AKZO.AS), said on Wednesday other shareholders owning almost a quarter of the Dutch paints and chemicals group want it to enter into talks with spurned U.S. suitor PPG Industries (PPG.N). Akzo has rejected a 24.4 billion-euro ($26.4 billion) takeover offer by PPG and declined to talk to the U.S. company to see if […]
HAVANA Cuban President Raul Castro participated in an “intimate and simple family ceremony” on Tuesday interring the ashes of his sister Agustina del Carmen Castro Ruz, according to state television. Agustina was the youngest of the seven Castro siblings, including Raul and Fidel, who together have run the island nation for nearly 60 years. Agustina, who kept a low public profile, died on Sunday in Havana at […]
