Dutch paints and coatings maker Akzo Nobel has rejected an unsolicited €20.9bn takeover bid by US industrial chemicals rival PPG Industries and said it is instead looking at spinning off its specialty chemicals business. Akzo Nobel said on Thursday that the PPG bid substantially undervalued its prospects and it made a broader appeal to its stakeholders by saying the takeover was not in the interests of customers […]
Oil prices were under intensifying pressure on Thursday, with the US West Texas Intermediate benchmark dipping below $49 a barrel for the first time since late November. The falls came after oil prices fell the most in more than a year over the previous session when US crude inventories climbed for a ninth straight week to a record high. Renewed concerns about a supply glut sent ripples […]
By Toby Sterling | AMSTERDAM AMSTERDAM Dutch paints and coatings maker Akzo Nobel NV (AKZO.AS) rejected a 21 billion euro ($22 billion) bid from larger U.S. rival PPG Industries Inc (PPG.N) on Thursday, saying instead it wanted to “unlock value” by spinning off its chemicals business. PPG’s unsolicited offer comes just days before an election where the vulnerability of the biggest Dutch companies to foreign takeover has […]
The tour to the city included a special preview on the first ever complete model of the Sustainable City to be showcased at the Future Cities Show 2017 Dubai, 9 March 2017: The UAE Minister of Infrastructure Development, His Excellency Dr. Abdullah bin Mohammed Belhaif Al Nuaimi visited ‘The Sustainable City’ – the region’s first sustainable and integrated project and the first residential project in Dubai that produces clean energy, […]
GUATEMALA CITY Eight more girls died of injuries suffered in an arson fire at an overcrowded home for abused children in Guatemala, bringing the death toll to 30, authorities said on Thursday. The fire broke out on Wednesday when some residents set mattresses ablaze following an escape attempt from the government-run Virgen de Asuncion home for youths aged up to 18, in San Jose Pinula, 25 km […]
DUBAI // The UAE is leading the region in government-citizen communication and trust, according to a report on the future of government communication. The WPP Leaders Report, launched in the Middle East for the first time in partnership with Dubai Media Office, found that the UAE was one of five Middle Eastern countries that stood out in terms of trust citizens have in their government and having […]
European leaders moved on Thursday to isolate Poland as prime minister Beata Szydlo insisted she would press ahead with her campaign to oust Donald Tusk, the country’s former premier, as head of the European Council. Government leaders from across the EU lined up in support of Mr Tusk as they arrived for a Brussels summit at which they will press to give the European Council president a […]
Thursday 14:30 GMT Overview The euro is firmer and Bund yields are trundling higher with Treasuries after the European Central Bank stood pat on interest rates and indicated it was not looking to ease policy further. Oil prices tried to rally but have resumed their sell-off, putting energy stocks under pressure and weighing on equity benchmarks. Hot topic (1) After a period when politicians seemed to rule […]
On Tuesday Republicans initialized the first step in rolling back the Federal Communications Commission’s internet privacy rules, with 25 U.S. senators introducing a new resolution that would cause their reversal, and even forbid the commission from passing anything similar in the future. Introduced last year, the privacy rules were an addendum to the net neutrality order, which required the FCC to handle enforcement of privacy protection form […]
Oil prices were back under pressure on Thursday, with the West Texas Intermediate benchmark falling under $50 for the first time since December. The falls came after oil prices fell the most in more than a year over the previous session when US crude inventories climbed for the ninth straight week to a record high. Renewed concerns about a supply glut sent ripples through the currency market […]
Mercy Corps, a leading American charity that uses Turkey as a base to aid hundreds of thousands of civilians upended by the war in neighboring Syria, was forced to curtail its work on Wednesday after the Turkish government abruptly revoked its registration to operate. “Our hearts are broken by this turn of events, which comes after five years of cooperation with the government of Turkey and other […]
A new urgency is gripping financial markets. Talk of a Federal Reserve rate increase next week is no longer the main conversation, with interest rate futures now pricing it as a near certainty. How quickly the Fed moves after March is now the hot topic. US jobs growth has been the catalyst. A survey by ADP revealed on Wednesday that 298,000 private sector jobs were created in […]
TOKYO Support for Japanese Prime Minister Shinzo Abe has plunged after questions were raised in parliament about a murky land deal involving an elementary school to which his wife had ties, according to an online poll published on Wednesday. Abe has said neither he nor his wife, Akie, was involved in the deal for state-owned land purchased by Moritomo Gakuen, an educational body in the western city […]
First teased in 2016, the latest version of Microsoft’s Visual Studio has been released on March 7 as a digital download. The company describes its latest integrated development environment as a “faster and more responsive IDE from startup to shutdown.” Microsoft Visual Studio 2017 is used to develop programs for Windows, as well as web apps, websites, mobile apps, and web services. It supports HTML, JavaScript, and CSS […]
“Every day that goes by, my concern for my father and Siamak increases,” Mr. Namazi said this week in a telephone interview from Dubai, where he lives. He expressed particular anxiety about his father, who has a heart ailment, saying that an Iranian prison cell was “no place for an aging old man.” Continue reading the main story Last month, on the anniversary of the elder Mr. […]
For the teaser video of Age of Triumph, the last update to Destiny before developer Bungie focuses on its sequel, it was hinted that players will be returning to the Vault of Glass. The Vault of Glass was the very first raid for the massively popular space shooter, with many players considering it as the best raid ever released for Destiny. However, as Bungie released all the details for […]
NEW YORK More than 140 Jewish community centre leaders sent a letter to U.S. Attorney General Jeff Sessions on Wednesday expressing frustration with the progress made in identifying whoever is responsible for this year’s wave of bomb threats against Jewish interests. The letter, sent by the JCC Association of North America and signed by 141 of the group’s leaders, came as two more community centres received threats […]
Uber has pledged to end the use of its “greyball” system for blocking officials from booking cars with its app — less than a week after the tool was made public. An investigation into its employees’ handling of the tool, which Uber has insisted is fully legal and has other uses, follows several inquiries from regulators about the technology. Last week’s revelation that Uber offices around the […]
There are efficiency gaps between the startup ecosystems in Singapore and Silicon Valley, which the former can address by introducing simpler and clearer investment terms. Doing so would, in turn, attract more mature startups to their fold and better set up founders for success, according to executives from muru-D’s Singapore outfit. The Telstra-owned accelerator had just completed its second batch of eight startups under the six-month programme, […]
By Gertrude Chavez-Dreyfuss and Trevor Hunnicutt | NEW YORK NEW YORK Investors are betting market regulators will approve what would be the first U.S. exchange-traded fund to track the price of bitcoin. From investment funds to wealthy individuals and even a Las Vegas strip club, the bitcoin ETF is generating a lot of buzz for a financial product. The surge in interest in the digital currency is […]
Are you a woman who feels like you are always interrupted by a man? Well, there’s now an app that will prove just how much a user gets “manterrupted.” Inspired by none other than President Donald Trump, Woman Interrupted is the app that lets users know the rates in which men cut off and overpower women while they are speaking. Launched this week in celebration of International […]
Continue reading the main story But the agent has his passport and has refused to refund his recruitment fee, he said. He has no money for a plane ticket. “There is a huge dependence on migrant workers who have employment terms that are no different than indentured servitude,” said Sarah Leah Whitson, director of the Middle East and North Africa division of Human Rights Watch, an advocacy […]
Dubai, UAE 08 March 2017 Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, today announced its Full Year Financial Results for the year ended 31 December 2016. Amlak reported net profits of AED 107 million at the end of December 2016, a decrease of 20% compared to AED 135 million in 2015. The Company’s total revenues, however, reached AED 778 million in […]
Even though the Nintendo Switch is flying off of shelves, many gamers are disappointed that the home and portable gaming console doesn’t include support for Netflix and other streaming services. But all that is about to change—in time. President and COO of Nintendo of American Reggie Fils-Aime revealed that streaming services could launch on its console in the future. The reason why support for Netflix and the […]
