Abu Dhabi, United Arab Emirates; December 30, 2017 As the 10th anniversary year of Masdar, Abu Dhabi’s renewable energy company, draws to a close, industry watchers can reflect on 12 months that have marked a historic milestone for the company and a pivotal moment for the renewable energy sector as a whole. During the decade since Masdar was established, the UAE has cemented a global reputation for […]
In August, US group ValueAct announced a $1.1bn stake in Morgan Stanley. Yet the notorious boardroom activist had no plans to shake up management, no beef with strategy at the investment bank. The stock, it said, was simply cheap. Mere months later an investment that had seemed brave at the time is worth $1.8bn. ValueAct’s gain is just one of the more striking examples of an extreme […]
The Singapore government has invested significant resources and efforts in building up a thriving startup environment, but its inhabitants must now take risks and look beyond local shores. Jeffrey Paine, general partner at Golden Gate Ventures, believed Singapore’s startup scene had progressed well over the last six to eight years. He said a number of successful startups had grown and executed well in the region, as well […]
Singapore Oil prices rose in early Asian trade on Friday shrugging off a second consecutive week of U.S. crude oil inventory builds, with a U.S. Energy Information Administration (EIA) report late on Thursday indicating an unexpected rise in crude stocks. U.S. benchmark West Texas intermediate (WTI) CLc1 crude futures were up 18 cents or 0.33 percent to $53.95 at 0105 GMT after settling 29 cents lower at […]
The two-state solution would establish an independent Palestinian state alongside Israel — two states for two peoples. In theory, this would win Israel security and allow it to retain a Jewish demographic majority (letting the country remain Jewish and democratic) while granting the Palestinians a state. Continue reading the main story Most governments and world bodies have set achievement of the two-state solution as official policy, including […]
By Dustin Volz | WASHINGTON WASHINGTON The FBI squarely blamed Russian intelligence services on Thursday for meddling in the 2016 U.S. presidential election, releasing the most definitive report yet on the issue, including samples of malicious computer code said to have been used in a broad hacking campaign. Starting in mid-2015, Russia’s foreign intelligence agency, the FSB, emailed a malicious link to more than 1,000 recipients, including […]
In this Thursday, Dec. 22, 2016, photo, Emerson Hill, 6, plays with Pepper the robot at Westfield Mall in San Francisco. While merrily chirping, dancing and posing for selfies, Pepper looks like another expensive toy in the San Francisco mall where it will be entertaining shoppers through mid-February. But it would be a mistake to dismiss Pepper as mere child’s play, even though kids flock around the […]
By Tom Hals | WILMINGTON, Del. WILMINGTON, Del. Peabody Energy Corp said on Thursday the deadline for creditors to join financing deals aimed at bringing the largest U.S. coal miner out of bankruptcy had been extended after large investors sued to slow the process. Last week, Peabody unveiled its plan to eliminate more than $5 billion of debt and raise capital from creditors with a $750 million […]
Diagnosing illnesses can sometimes take a lot of time and money. Some medical procedures that go beyond mere prodding can also be very painful. However, thanks to a new device developed by researchers in Israel, doctors could soon determine a person’s illness simply by getting a quick read of their breath. Just one puff is all it takes. Prof. Hossam Haick and his colleagues at the Technion-Israel […]
MANILA, Philippines – The military is eyeing the Maute terror group in the bombing of the town plaza of Hilongos, Leyte last Wednesday night. In line with initial military findings, Col. Edgard Arevalo, Armed Forces Public Affairs Office chief, said the Maute group could have launched the Leyte bombing to divert the attention of government troops conducting offensive operations against the group in Butig, Lanao del Sur. […]
ROME Italian police have searched three houses in and around Rome, where the man suspected of killing 12 people last week at a Christmas market in Berlin may have spent time, a judicial source said on Thursday. Anis Amri, a Tunisian, first arrived in Europe by boat to the Italian island of Lampedusa in 2011, and was shot dead by police in Milan four days after the […]
After the legalization of recreational marijuana in the state of Washington in 2012, its use among adolescents increased while the perceived risks associated with it dropped. According to a recent study, adolescents in the eighth and 10th grade are less concerned about the negative effects of the use of marijuana. The research, carried out at the University of California, Davis, was published in the journal JAMA Pediatrics and it […]
On October 17, every employee at Dentsu — Japan’s biggest advertising agency and arguably the country’s most influential company — received the same, catastrophic-sounding message from the company’s president, Tadashi Ishii. “The approved way of working at our company cannot be accepted by stakeholders, including the authorities,” said the memo, according to media reports. Coming a month after Dentsu was caught overbilling hundreds of clients, and just […]
M&A: back with a bang Deal activity was vigorous with much of it concentrated just below the level of the industry’s biggest companies. Nasdaq bought International Securities Exchange for $1.1bn, while CBOE Holdings announced a $3.2bn deal for Bats Global Markets in September. Of most significance, the pending €24bn tie-up between London’s LSE Group and Deutsche Börse, which will create Europe’s largest exchange. As the chart above […]
HELSINKI The former head of Helsinki police’s drugs squad was sentenced on Thursday to 10 years in jail for drug smuggling, official misconduct and other crimes including tampering with evidence. Jari Aarnio faces a total of 13 years in prison, including a previous three-year jail term related to the purchase of police surveillance equipment. The case is rare in Finland, whose public sector ranks second least corrupt […]
29 December 2016 Munich. As 2016 comes to a close, BMW is able to look back on a highly successful year with well over 50 national and international awards and distinctions. As in the past, vehicles of the brand were highly rated by juries across a range of different categories and topics, frequently finishing at the top of the winners’ rostrum. The awards reflect not just outstanding […]
On the other were Mr. Netanyahu and Mr. Trump, firing back at what they deemed a hypocritical betrayal of America’s closest friend in the Middle East. Continue reading the main story If Mr. Obama and Mr. Kerry were playing for history, Mr. Netanyahu and Mr. Trump were playing for time. The departing administration intended for the speech to lay out a path to peace that they had […]
A new study just released from Public Health England concludes that 4 out of 5 Brits between the ages of 40 – 60 are fat, lazy and/or alcoholics, characteristics which the study shockingly found to be having an adverse effect on the group’s long-term health. The study, which compared data collected from 40 – 60 year olds between 2011 – 2013 to similar data collected 20 years […]
Singapore Oil prices fell in early trade in Asia on Thursday following a surprise build in U.S. crude stocks shown in data published by the American Petroleum Institute (API) late on Wednesday. U.S. benchmark West Texas intermediate (WTI) CLc1 crude futures were down 31 cents or 0.57 percent to $53.75 at 0104 GMT after settling up 16 cents at $54.06 per barrel in the previous session. Brent […]
BOGOTA Colombia’s Congress on Wednesday approved an amnesty law to protect thousands of demobilizing Marxist guerrilla fighters from prosecution for minor crimes committed during the country’s 52-year war. The law, a key part of a peace deal signed last month between the government and the Revolutionary Armed Forces of Colombia (FARC) rebels, will not include fighters who have committed war crimes or human rights violations. The amnesty […]
Based on Samsung’s staggered announcements, it appears that the South Korean company is going to inundate CES with a host of new products. After revealing fresh projects baked in its Creative Lab, it has now confirmed three more gadgets: the H7 Wireless Speaker, a new soundbar, and a UHD Blu-ray Player. The trio is being touted as the future of audio on the strength of the so-called […]
Submitted by Nick Cunningham via OilPrice.com, Natural gas prices are surging as cold weather eats into U.S. inventories, tightening the market much more quickly than many analysts had expected. The blast of Arctic weather in December put a strain on natural gas markets, with millions of people cranking up the heat to keep warm. The EIA reported a surprise drop in storage levels in the week ending […]
By Orhan Coskun and Ellen Francis | ANKARA/BEIRUT ANKARA/BEIRUT Turkey and Russia have prepared an agreement for a ceasefire in Syria, Turkey’s foreign minister said on Wednesday, adding that Ankara would not give up its opposition to President Bashar al-Assad staying on as leader. The five-year-old Syrian civil war raged on, with heavy casualties reported in the siege of a town held by Islamic State, and the […]
When Jack Ma criticised Hong Kong last month for having outdated stock market listing practices, the Alibaba founder hit the city where it hurts. Hong Kong’s rivalry with New York has only heightened since the billionaire chose the US for his ecommerce group’s initial public offering two years ago. And next year, the battle between the world’s two largest listing centres will only become more heated, as three […]
