The UK was the fastest growing economy in the G7 last year and is not yet showing any signs of the slowdown that many economists predicted would follow the vote to leave the EU in June. The economy grew by 0.6 per cent in the fourth quarter of 2016, according to a first estimate from the Office for National Statistics. Growth for the year as a whole […]
|By Matein Khalid| The election of a Manhattan property developer and (failed) casino owner as President of the United State has not been positive for most American real estate investment trusts (REIT’s). The sharp rise in US interest rates since the election and the Federal Reserve’s vigilance against inflation risk hits this classic “bond proxy” sector, with its reliance on leverage to boost investor returns. In addition, […]
|By Arabian Post Staff| UAE telecom revenue reached Dh31.9 billion in 2015, according to the country’s Telecommunication Regulatory Authority’s (TRA). Mobile revenue decreased 8.57 per cent to Dh23.34 billion in 2015 from Dh25.53 billion in 2014. UAE residents spent 31.49 billion minutes using mobile phones in 2015, up from 28.70 billion minutes in 2014. Mobile phone subscriber base reached 17.94 million in the UAE while fixed telephone […]
For Wideman, who spent much of his working life in places like Wyoming and Western Massachusetts and rural Maine, this solitude has been further compounded by cold mathematics. Not only is mainstream publishing overwhelmingly white, it is also nearly bereft of black writers like him: American men of letters descended from Southern slaves, who position themselves as part of a grand and omnivorous intellectual and artistic tradition. […]
If protectionism is about to be unleashed by Donald Trump on America’s closest trading partners, foreign exchange traders are acknowledging the threat in a funny old way. On Wednesday, when Mr Trump issued an executive order to build a wall on the Mexican border, the peso rallied more than 2 per cent. Since slumping to a record low of 22.03 pesos two weeks ago, the currency has […]
Agreement exchanged in presence of HH Sheikh Mohamed bin Zayed and India’s PM Narendra Modi Abu Dhabi, UAE – January 25, 2016 In the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and India’s Prime Minister, Narendra Modi, the Abu Dhabi National Oil Company (ADNOC) and the Indian Strategic Petroleum Reserves […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices edged up on Thursday, driven up by a weakening dollar, but gains were capped by plentiful supplies and inventories despite an effort by OPEC and other producers to cut output and prop up the market. Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $55.44 per barrel at 0137 GMT, up 36 cents from their […]
China is progressing well and stands on the same starting point as other economic powers in the quantum computing arena, but local organisations still fall behind their western counterparts in research experience. China in recent years had begun investing in quantum technology, initiating several national projects in quantum communications and computation. And it seemed likely to continue its investment in future, said Andrew Yao, a Turing Award […]
By Laila Kearney | NEW YORK NEW YORK George Orwell’s “1984” novel about a dystopian future under an authoritarian regime is back as a bestseller and being reprinted decades after it was written as readers grapple with Donald Trump administration’s defence of “alternative facts.” The book, first published in 1949, features a devious “Big Brother” government that spies on its citizens and forces them into “doublethink,” or […]
By Julia Edwards Ainsley | WASHINGTON WASHINGTON President Donald Trump was to start signing directives on Wednesday to begin building a wall along the U.S. border with Mexico and crack down on U.S. cities that shield illegal immigrants, moving quickly on sweeping and divisive plans to curb immigration and boost national security. The Republican president is also expected to take steps in the coming days to curb […]
BERLIN Germany, in unusually strong criticism of Israel, said on Wednesday plans to build 2,500 more settlement homes in the Israeli-occupied West Bank put in doubt Israel’s stated commitment to a two-state solution with the Palestinians. Israel announced the plans on Tuesday in the second such declaration since U.S. President Donald Trump took office signalling he could be more accommodating toward such projects than his predecessor Barack […]
Constructing a building involves many geometrical shapes and patterns. In the absence of a proper mathematical calculation it is near impossible for anyone to build an architectural complex. However, the latest discovery may question the above statement. While studying the mysterious Sun Temple, researchers came across a few constructions that create equilateral triangles, 45-degree right triangles. The Golden rectangle which also happened to be quite popular with […]
Wednesday 14:35 GMT Overview Major global stock markets are rallying as the Dow Jones Industrial Average breaches 20,000 amid revived hopes for faster US growth. Benchmark sovereign bonds yields are rising, but oil and gold prices are moving lower despite a weaker dollar. Hot topic The “Trump trade” is back on and it has the Dow through 20,000 for the first time? The average, though a price-weighted […]
All but one of the students were enrolled in the Deferred Action for Childhood Arrivals program, also known as DACA. Created in 2012 by an Obama-administration executive action, DACA allowed teenagers and young adults who came to the United States illegally as children with their parents to register with the government and in turn receive a two-year renewable protection against deportation, along with work permits and Social […]
No, Mark Zuckerberg is not running for president. This came straight from the horse’s mouth after days of media speculation about the Facebook mogul’s political ambition. In a statement sent to BuzzFeed, Zuckerberg stated that he is focused on building the Facebook community and working on the Chan Zuckerberg Initiative. Note how the word “never” was not mentioned at all, providing him wiggle room in case he […]
Until recently, oil rich Gulf states could afford to ignore global bond markets. While developed and developing countries issued record sums of debt in the years after the financial crisis, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates used the vast oil wealth to propel themselves to affluence. The states — members of the six-country Gulf co-operation council — built skyscrapers, schools and motorways […]
The group has close ties to House Republicans. It was founded in 2010 by former Republican Sen. Norm Coleman of Minnesota and major GOP donor Fred Malek. The current board includes both men, as well as former Republican Reps. Vin Weber of Minnesota and Tom Reynolds of New York, among others. American Action Network is affiliated with a super PAC, the Congressional Leadership Fund. Both groups share […]
ASTANA: Russia and regional powers Turkey and Iran backed a shaky truce between Syria’s warring parties on Tuesday and agreed to monitor its compliance, but on the ground fighters faced continued fighting on two fronts which could undermine the deal.After two days of deliberations in Astana, Kazakhstan’s Foreign Minister Kairat Abdrakhmanov said the powers had agreed in a final communique to establish a system “to observe and […]
By Julia Edwards Ainsley | WASHINGTON WASHINGTON President Donald Trump is expected to sign executive orders starting on Wednesday that include a temporary ban on most refugees and a suspension of visas for citizens of Syria and six other Middle Eastern and African countries, according to several congressional aides and immigration experts briefed on the matter. Trump, who tweeted on Tuesday night that a “big day” was […]
By Mitra Taj and Teresa Cespedes | LIMA LIMA A top Latin America executive of Brazil’s Odebrecht SA [ODBES.UL] pushed back against calls to bar the company from countries where it has admitted to bribery across the region, warning “radical” reactions would jeopardise its ability to pay penalties. Odebrecht is “struggling to survive” in the wake of a growing graft scandal in Latin America and wants to […]
Investors are signalling a stronger US economy and the risk of rising inflation under the Trump administration, as robust price gains for precious and industrial metals have this month spurred a rise in miners’ shares. MSCI’s ACWI Metals & Mining index, a broad barometer that tracks companies around the world, has rallied nearly 15 per cent in 2017, the strongest year-to-date showing in more than a decade, […]
BRASILIA Brazil’s top labour prosecutor said President Michel Temer’s proposals to modernize the country’s labour laws were illegal in a report published on Tuesday that provided ammunition to workers’ unions fighting the reforms. Updating outdated labour laws to allow outsourcing and more flexibility in contracts and work hours is part of Temer’s plan to reduce business costs and pull Brazil from its worst recession on record. But […]
A family of malware uploaded to at least 10 million Android devices last year has reared its ugly head again by hiding inside Google Play apps. Dubbed as the HummingWhale, the malware is believed to be related to HummingBad, which is another family of malware that invaded non-Google apps in July 2016. During HummingBad’s time, there were 50,000 fraudulent apps installed, 20 million malicious advertisements displayed, and […]
President Donald Trump has quickly moved to reverse another of Barack Obama’s signature policies, backing two multibillion-dollar oil pipeline projects that became test cases for Washington’s commitment to addressing climate change. Mr Trump said the Keystone XL and Dakota Access pipelines would help to meet his campaign promise of producing new blue-collar jobs at home, insisting that any portions built in the US would have to use […]
