Verizon has announced that it will buy Yahoo’s core business after all, but at a $350 million discount since the internet company had two massive cyberattacks. The Verizon-Yahoo deal has been in the cards for a good while now and the companies have been negotiating the terms of the agreement. After two massive Yahoo data breaches came to light last year, however, the deal was not that […]
ABU DHABI // Combining the capabilities of Saudi Arabia and the UAE could create historic opportunities for the region, Sheikh Mohammed bin Rashid said on Tuesday. “Through our integration, solidarity and unity, we can protect our gains, enhance our economies and build a better future for our people,” the Vice President and Ruler of Dubai said at a joint retreat on Abu Dhabi’s Saadiyat Island, attended by […]
Restaurant Brands International Inc (QSR.TO), owner of the Burger King and Tim Hortons fast-food chains, said on Tuesday it would acquire Popeyes Louisiana Kitchen (PLKI.O) for $1.8 billion in cash. The deal is a bet by Oakville, Ontario-based Restaurant Brands that it can use its international reach to introduce Popeyes’ Louisiana-style fried chicken and buttermilk biscuits to more diners globally. Popeyes shareholders will get $79.00 for each […]
Yahoo agreed to take a $350m cut on the original $4.8bn sale of its core business to Verizon, becoming one of the first major US companies to revise deal terms because of a cyber attack. Verizon, the US telecoms company, will now pay the California-based internet company $4.5bn, Yahoo said on Tuesday, ending months of uncertainty about the future of the deal first agreed in July last year. […]
Jeddah: Feb 22, 2017 King Abdulaziz International Airport received on Tuesday the first flight of the low-cost Malindo Air based in Malysia which obtained recently authorization from the General Authority of Civil Aviation to operate flights between Kuala Lumpur and Jeddah. The first ever flight was received by Hani Al Thunian, CEO of Seherz Aviation, executive agent of Malindo Air in Saudi Arabia, Ameen Duhaithem, president of […]
PARIS French centrist politician Emmanuel Macron has lost ground to his closest election rival, conservative Francois Fillon, and might not make a May 7 runoff against far-right leader Marine Le Pen, an opinion poll showed on Tuesday. The poll gives Fillon the position of favourite to win the presidency – a position he lost in the aftermath of a fake work scandal that engulfed his campaign four […]
Ecuador will have to wait until later this week for the result of Sunday’s presidential election after the country’s electoral council deemed the vote too close to call following a knife-edge poll. It was the first time in recent memory that the winner has not been declared on election night. Lenín Boltaire Moreno, the leftwing protégé of President Rafael Correa, is in touching distance of the 40 […]
Tuesday 08:45 GMT Overview European stocks are easing back after a mixed Asia session as Wall Street looks to re-enter the fray at record levels. The dollar is stronger and Treasury yields are moving up as expectations build of tighter US monetary policy, a scenario that is hurting gold. Hot topic European government bond markets remain a focal point for investors after an opinion poll showed Marine […]
21 February 2017 Dubai – Auerbach Grayson & Company, LLC, a New York-based brokerage firm specializing in global trade execution and exclusive in-depth research on developed, frontier and emerging markets, announced today that it has partnered with Dubai-based Arqaam Capital, the specialist emerging markets investment bank, to provide U.S. investors with greater access to the Middle East and South Africa. Through its exclusive partnership with Arqaam Capital, […]
By Michael O’Boyle and Ana Isabel Martinez | MEXICO CITY MEXICO CITY Mexico’s central bank faces difficult decisions as it balances a spike in inflation against an expected economic slowdown, Deputy Governor Alejandro Diaz de Leon said on Monday. “We are in an especially complex environment,” Diaz de Leon told Reuters in an interview. Diaz de Leon pointed to the heightened risk of inflation from a weak […]
Samsung’s standing in the United States plummeted by 42 places, a new reputation poll reveals. Considering how the whole Galaxy Note 7 fiasco — among other things — stirred up the tech world for both consumers and manufacturers alike, it shouldn’t come as much of a surprise that the South Korean brand is taking quite a hit regarding its position in the market. Samsung’s Reputation In The Eyes […]
One-off costs and multibillion-dollar writedowns have dragged down HSBC’s full-year profit 62 per cent year-on-year to $7.1bn, as the London-headquartered lender extended its share buyback programme by an additional $1bn. The British bank blamed slowing economic growth in its main markets of Hong Kong and the UK for the profit slide, as well as a $3.2bn impairment of goodwill to its private banking unit in Europe, and […]
Submitted by David Stockman via The Ron Paul Institute for Peace & Prosperity, General Flynn’s tenure in the White House was only slightly longer than that of President-elect William Henry Harrison in 1841. Actually, with just 24 days in the White House, General Flynn’s tenure fell a tad short of old “Tippecanoe and Tyler Too”. General Harrison actually lasted 31 days before getting felled by pneumonia. And the circumstances were considerably more benign. It seems that […]
BOGOTA Colombia’s Marxist FARC rebels can begin surrendering their weapons to the United Nations now that almost 7,000 of them have reached designated demobilization zones around the country, President Juan Manuel Santos said on Monday. The Revolutionary Armed Forces of Colombia (FARC) signed a peace agreement with the government late last year to put an end Latin America’s longest-running armed conflict, which killed more than 220,000 people. […]
HONG KONG Asian stocks held near 1-1/2-year highs in subdued early trade on Tuesday as a holiday in the United States left investors with few catalysts, while the euro nursed overnight losses as lingering concerns about the looming French election rattled its bonds. Political concerns have been at the front and center of investors’ minds over the past week or so, with markets wary about the outcome […]
Trump Is Playing You Note: Soren K is a group of 4 writers to whom I contribute on commodity market posts-Vince Lanci Written by Soren K and MarketSlant. There is one thing Hillary and Donald agree on. You are idiots. She said it. He thinks it. In fact the voting populace is largely brain damaged. And those who aren’t quite vegetables yet will become pacified with iphones, slot machines, […]
By Lauren Hirsch and Greg Roumeliotis Restaurant Brands International Inc, owner of the Burger King and Tim Hortons fast-food chains, is nearing a deal to acquire Popeyes Louisiana Kitchen Inc, people familiar with the matter said on Monday. The deal, which will likely value Popeyes at more than $1.7 billion, is a bet by Oakville, Ontario-based Restaurant Brands that it can use its international reach to introduce […]
Does Uber worship business performance at the expense of ethics? That question flared up again at the start of this week, after a former programmer complained about sexual harassment at the car-booking company — and a culture she claimed turned a blind eye to misbehaviour in order to protect high-performing employees. As the world’s most valuable private technology company, Uber is the most prominent start-up to emerge […]
Doha, 20 February 2017 Al Khalij Commercial Bank (al khaliji) Q.S.C. held its Annual General Assembly (AGA) and its Extraordinary General Assembly (EGA) meetings on Monday 20 February 2017. At the Annual General Assembly meeting, the shareholders endorsed the financial statements for the fiscal year ended at 31 December 2016 which reflect a Net Profit after Tax of QAR 427 million. His Excellency Sheikh Hamad Bin Faisal […]
Travis Kalanick has it all worked out. Just ask him. He sees the future, and what it looks like is pretty different from what most people experience every day. Not surprisingly, it all starts with Uber. With a ride-sharing system, says the 40-year-old bachelor and CEO of the transportation company that has gained global notoriety, one car can be shared by 30 people. “The cost of that […]
By Erik Kirschbaum | BERLIN BERLIN The German government has drafted a law to allow authorities to tap into the phone and computer data of asylum-seekers if there are doubts about their nationalities – an unusual move in a country where data protection is sacred. According to a draft of the bill obtained by Reuters, officials at the Federal Office for Migration and Refugees (BAMF) will receive […]
Microsoft is reportedly looking to skip the second version of the HoloLens and jump straight to version three instead. For the unfamiliar, the mixed reality HoloLens headset went on sale in March 2016 and the developer edition was priced at $3,000. However, this HoloLens headset was only intended for developers and people have been waiting with bated breath for the consumer variant to arrive. With no news […]
The quaint cobblestone streets of the historic Gastown district of Vancouver belie its status as a fast-growing technology hub. Drawing on links with nearby Seattle, and San Francisco further south, a tech boom in Canada’s third-largest city has pulled in tens of thousands of skilled workers and start-up entrepreneurs in recent years, sparking a fierce fight for the limited supply of office space. Now the commercial centre […]
ALGIERS German Chancellor Angela Merkel postponed a visit to Algeria because President Abdelaziz Bouteflika is suffering from acute bronchitis, state news agency APS said, quoting a statement from the presidency. Merkel was due to arrive in Algeria on Monday as part of a trip to North Africa. “The visit will be reprogrammed at a date that is suitable for the two parties,” the presidency said. In Berlin, […]
