While the year ahead could prove to be a bumpy one for global financial markets amid ongoing political and policy risks, there is reason for optimism over the outlook for stocks in the Middle East and North Africa (MENA) region. Compared to 2016, a number of structural tailwinds should give investors greater confidence in MENA’s fundamentals. The implementation of major fiscal and capital market reform throughout the […]
BERLIN German Chancellor Angela Merkel vowed on Saturday to seek compromises on issues like trade and military spending with U.S. President Donald Trump, adding she would work on preserving the important relationship between Europe and the United States. “He made his convictions clear in his inauguration speech,” Merkel said in remarks broadcast live, a day after Trump vowed to put ‘America first’. Speaking at a news conference […]
By Jessica DiNapoli | NEW YORK NEW YORK A U.S. bankruptcy court judge granted Avaya Inc approval on Friday to tap $425 million of the $725 million loan proposed to carry the telecommunications company through its restructuring, funds the company said were essential to continue operations. Avaya filed for Chapter 11 bankruptcy protection on Thursday to cut its debt of about $6 billion after efforts to sell […]
Alcoholism, like smoking, is considered a stepping stone to many diseases. A new study is now talking about the damaging effects of alcohol consumption on adolescents. It says heavy use of alcohol during adolescence will change the electrical activity in the brain. Precisely, those changes affect cortical excitability and functional connectivity of the brain, according to the study by researchers at University of Eastern Finland and Kuopio University […]
By Gulsen Solaker and Tuvan Gumrukcu | ANKARA ANKARA The Turkish parliament has backed a plan to strengthen the powers of the presidency, paving the way for a referendum on the issue in spring which, if passed, could allow President Tayyip Erdogan to stay in office until 2029. Erdogan says the reform will provide stability in the European Union candidate country at a time of turmoil and […]
In 2015, Malian businessman and former interim prime minister Cheick Modibo Diarra told Arabian Business: “When it comes to investment…Africa really is the last frontier. Be it agriculture, energy production, extraction of gold and diamonds, or oil and gas, we have a lot of opportunities and a young workforce that understands how business works.” He was speaking at a time when interest in Africa among Middle East […]
There is no doubt that 2016 was a milestone year for utility-scale solar in the Middle East. The UAE set – and then reset – the benchmark for low-cost solar electricity; Saudi Arabia made its highest level commitment to investing in solar; and Jordan commissioned its largest utility-scale solar power plant and announced plans to tender a new round of projects. In fact, these three countries alone […]
President Trump’s brief inaugural speech was a declaration of war against the entirety of the American Ruling Establishment. All of it. As Paul Craig Roberts details, Trump made it abundantly clear that Americans’ enemies are right here at home: globalists, neoliberal economists, neoconservatives and other unilateralists accustomed to imposing the US on the world and involving us in endless and expensive wars, politicians who serve the Ruling […]
By Jamie McGeever and Marc Jones | LONDON LONDON For financial markets, the Trump era begins on Monday, and if history is any guide the following month should be a rocky one for Wall Street but positive for the dollar. The S&P 500 .SPX has fallen a median 2.7 percent in the month after each new president has taken the keys to the White House since Herbert […]
Donald Trump launched a promised assault on “burdens” imposed by government within hours of becoming US president on Friday by moving to loosen rules tied to Obamacare and halting the introduction of any new regulations. Between the end of the daytime inaugural parade and the start of evening balls, the Trump administration took its first major policy moves by ordering government agencies to do all they could […]
Half a dozen Premier League clubs had watched Burns at Southend. And the practice of investing so much money in so much raw talent is hardly a recent development: Raheem Sterling was 15 when he joined Liverpool from Queens Park Rangers for £500,000 in 2010, and Jordon Ibe, then 16, made the same journey from Wycombe Wanderers two years later. What has changed, though, is not just […]
By Nate Raymond and Ju-min Park | NEW YORK/SEOUL NEW YORK/SEOUL The U.S. government has asked South Korea to arrest a brother of former U.N. Secretary-General Ban Ki-moon on charges that he engaged in a bribery scheme to carry out the sale of a Vietnamese building complex, a U.S. prosecutor said on Friday. During a court hearing in federal court in Manhattan, Assistant U.S. Attorney Daniel Noble […]
Donald Trump’s November victory ignited the steepest rally from election day to inauguration for a first-term president since John F. Kennedy won the White House in 1960. The charts below tell the tale of the vigorous, and in many ways unexpected, reaction to the rise of the billionaire property developer to the pinnacle of American politics. The S&P 500 index, a broad measure of the performance of […]
By Diane Bartz and Stephen Nellis Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, days after the U.S. government accused the chip maker of resorting to anticompetitive tactics to maintain a monopoly over key semiconductors in mobile phones. Qualcomm is a major supplier to both Apple and Samsung Electronics Co Ltd for “modem” chips that connect phones to wireless networks. The two […]
A British man has died while working on the construction of a stadium for the 2022 World Cup in Qatar, authorities said. An investigation was under way to determine the cause of death, the Supreme Council for Delivery and Legacy, which is responsible for World Cup infrastructure, said in a statement. The 40-year-old man died on Thursday at the Khalifa International Stadium, it said, without giving other […]
Friday 21:00 GMT Overview Financial markets gave a relatively muted response to Donald Trump’s inaugural speech as US president, with US stocks edging higher, Treasuries putting in mixed performances and the dollar easing back against its main rivals. Oil prices rose sharply amid hopes that producers would show compliance to a global deal to cut output. Gold initially struggled for traction but held above the $1,200 an […]
While Turkey’s government later said that Mr. Simsek’s remarks had been misconstrued, it was clear that he had said a settlement without Mr. Assad would be “not, you know, realistic.” Continue reading the main story Both developments came as Russia, Turkey and Iran prepared to convene Syrian peace talks in Astana, the capital of Kazakhstan, beginning on Monday. For the first time, it looked likely that the […]
BERLIN Germany will need a new economic strategy geared toward Asia should the new U.S. administration start a trade war with China, Vice Chancellor Sigmar Gabriel said on Friday, warning against protectionism hours after President Donald Trump was sworn in. “I think we have to prepare for a rough ride,” Gabriel said in an interview with the public broadcaster ZDF, in the first official German reaction to […]
British investigators have opened “fresh lines of inquiry” into bribery and corruption at several companies, thanks to evidence gathered in a four-year investigation into illegal behaviour at Rolls-Royce. Ben Morgan, joint head of bribery and corruption at the Serious Fraud Office, told the Financial Times that information collected on a network of corrupt middlemen operating on behalf of Rolls-Royce and other companies was being pieced together “not […]
By David Lawder and Scott Malone | WASHINGTON WASHINGTON Black-clad activists angry about U.S. President Donald Trump’s inauguration smashed store and car windows in Washington on Friday and fought with police in riot gear who responded with pepper spray and stun grenades. About 500 people, some wearing masks and kerchiefs over their faces, marched through the city’s downtown, breaking the windows of a Bank of America branch, […]
The U.S. Federal Trade Commission is not satisfied with Walgreens Boots Alliance Inc’s (WBA.O) plan to divest stores to win antitrust clearance for its acquisition of Rite Aid Corp (RAD.N), Bloomberg reported, citing people familiar with the matter. The FTC isn’t convinced that Walgreen’s proposal to sell 865 drugstores to Fred’s Inc (FRED.O) would do enough to preserve competition that would be lost in the $9.4 billion […]
The Samsung Galaxy J7 smartphone (2017) model – believed to be the successor of the Galaxy J7 (2016) – is in the news again. Close on the heels of the alleged mobile case for the smartphone leaking online on Amazon, the handset has received the green signal from the Federal Communications Commission (FCC). The latest news comes courtesy priceraja.com, which reveals that the Samsugn smartphone has received […]
The proposed Constitution comes during a period of emergency rule, also approved by Parliament, in the wake of the failed coup attempt in July against Mr. Erdogan. Since then, he has ordered the dismissal of 100,000 state employees and the jailing of more than 40,000 others suspected of supporting the coup. He has also cracked down on the independent news media, jailing about 140 journalists in the […]
[Most recent updates: January 19, 2017] As we enter 2017, Windows 10 is approaching its second birthday. In keeping with the operating system’s “Windows as a service” design philosophy, Windows 10 users will soon receive a third major update. That’s an unprecedented rate of change, especially if you’ve grown accustomed to upgrades that arrive every three years or so. If you have questions about installing (or reinstalling) […]
