Farah later said he was surprised that a “multibillionaire” would make so much time for a side project like this. But single-minded persistence is the essence of self-investigation. Trump, for instance, also continued to insist on the guilt of the Central Park Five — five teenagers, four black and one Latino, whose convictions in the 1989 rape and beating of a jogger were later overturned — long […]
TOKYO Tokyo Electric Power (Tepco) is gauging demand for its first bond offering since the 2011 Fukushima nuclear calamity, with some market participants expecting a sale as early as February, people familiar with the plans said. Once-sceptical investors are now more comfortable with the utility’s outlook after government moves to reassess decommissioning and compensation costs, bankers and investors who asked not to be identified told Thomson Reuters […]
By Ju-min Park | SEOUL SEOUL A South Korean ruling party faction announced on Tuesday it would form a new party, and a prominent member of the defectors said they wanted outgoing U.N. Secretary-General Ban Ki-moon, the front-runner in some presidential polls, to join them. The 29 lawmakers from President Park Geun-hye’s conservative Saenuri Party were among those who supported a parliamentary motion to impeach Park over […]
Google’s first ever self-branded smartphone effort, the Google Pixel and its larger sibling, the Pixel XL, having dropped the Nexus naming scheme altogether, has so far received warm acclaim, even being heralded as the best Android smartphone today. But the pair isn’t without its problems. Those who are planning to get Google’s flagships should best learn some of its known issues. Sure, it’s an excellent smartphone bearing […]
As the world’s reaction to news of George Michael’s death at 53 spread on social media, his UAE fans paused to fondly remember the pop legend. Taher Afridi, 36, a Pakistani who was born and raised in UAE, still recalled dancing to his favourite Michael song, Fast Love, when the pop-star played at Abu Dhabi’s Zayed Sports City stadium in December 2008. “There are many reasons why […]
Chinese retail investors may be able to dream of Picasso while hanging share certificates on their walls. A Singapore-based Chinese billionaire investor, who this year acquired stakes in peer-to-peer group Lending Club, Legg Mason, the fund manager and Sotheby’s, has proposed “securitising” the artist’s work to create fractional ownership and tap a wider market in Asia. Chen Tianqiao and his wife Chrissy Luo, co-founders of investment group […]
The prime minister defended his retaliation. “Israel is a country with national pride, and we do not turn the other cheek,” he said. “This is a responsible, measured and vigorous response, the natural response of a healthy people that is making it clear to the nations of the world that what was done at the U.N. is unacceptable to us.” Continue reading the main story The Security […]
KEMAMAN: The number of flood evacuees in Kemaman has dropped slightly on Tuesday, with 90 people from 21 families still in shelters compared with 111 evacuees from 27 families the night before. Of the three relief centres, the one in Kampung Batu 9, Ibok was closed after those taking shelter there returned home. State Civil Defence Force director Lt Col Che Adam A Rahman said families were […]
The NBA has teamed up with NextVR to provide basketball fans with a whole new way of watching the games of their favorite teams. Through virtual reality, fans can watch NBA games as if they are in the stands, and sometimes, even courtside. NBA Enters Virtual Reality “I mean, the players are like, there. I should be touching them but I’m not,” said CBS News correspondent Dana […]
The European Central Bank has said that Monte dei Paschi di Siena’s capital shortfall has risen to €8.8bn from €5bn, significantly increasing the price tag of the rescue of Italy’s third-largest lender by the government. In a statement released late on Monday, MPS also revealed that the ECB had warned that the bank’s liquidity had suffered a “rapid deterioration” over the past month, as it tried in […]
By Jeffrey Heller | JERUSALEM JERUSALEM Benjamin Netanyahu has been unrelenting in his criticism of the Obama administration over what he condemned as its “shameful” decision not to veto a U.N. Security Council resolution calling for a halt to Israeli settlement-building. But with the clock ticking down on Barack Obama’s presidency, a possibly more amenable Republican Donald Trump waiting in the wings and a $38 billion U.S. […]
MILAN The European Central Bank has told Monte dei Paschi it needs to plug a capital shortfall of 8.8 billion euros ($9.2 billion), higher than a previous 5 billion euro gap estimated by the bank, the lender said on Monday, confirming what sources told Reuters. Last Friday the Italian government approved a decree to bail out Monte dei Paschi (BMPS.MI) after Italy’s No. 3 lender failed to […]
Your daily guide to community and cultural activities across the Emirates for December 27, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Performance Get tickets now for a performance by the Vienna State Opera Gala Evening. As part of the Abu Dhabi Classics series, the musical ensemble will perform Mozart’s masterpiece Don Giovanni, the […]
By Humeyra Pamuk | ISTANBUL ISTANBUL Turkish authorities have arrested the cafeteria manager of the opposition Cumhuriyet newspaper for insulting the president after he said he would not serve tea to Tayyip Erdogan, one of the manager’s lawyers told Reuters on Monday. Senol Buran, who runs the cafeteria at the Istanbul office of Cumhuriyet, was taken into custody after police raided his home late on Saturday, lawyer […]
26 December 2016 Middle East Payment Services (MEPS) – a leading, innovative payment services provider in the Middle East – has formally activated its acceptance of UnionPay cards at points-of sale (POS) across the Kingdom. This step follows the signing of a partnership agreement between MEPS and UnionPay International (UPI), a leading global payment services provider. Under the terms of the agreement, MEPS will not only accept […]
Well before India’s surprise ban on using 86 per cent of its cash supply, rightwing circles were abuzz with speculation about prime minister Narendra Modi taking such a step to fight so-called black money. Mainstream economists paid little heed to the chatter — deeming it “too preposterous” to take seriously, given the economic damage it would inflict. But with India now reeling from the acute cash crunch triggered […]
Over the past year, technology and ‘sharing economy’ start-ups have continued their disruption of traditional industries — from Uber and other ride hailers’ shake-up of the taxi market to Airbnb’s myriad alternatives to conventional hotel stays. But which will be the next businesses to be challenged by further digitisation and automation? FT correspondents have looked ahead five to 10 years to identify those industry sectors and companies […]
26 December 2016 Dubai – The internet of things (IoT) is rapidly gaining momentum within the healthcare industry of the Gulf Cooperation Council (GCC) countries. According to IDC Health Insights, there has been a steady rise in IoT initiatives over recent years, and in some usage scenarios, IoT services are maturing rapidly toward mainstream deployment. The firm projects IoT spending by healthcare providers across the Middle East […]
SEOUL Headed for a fourth straight annual profit decline, Hyundai Motor (005380.KS) is trimming its cost fat; scaling back on business class flights and annual family home trips for overseas employees, executives told Reuters. The South Korean automaker has been hit by its exposure to weak emerging markets, and a product line-up that features more sedans than sport utility vehicles, just as SUVs have become more popular […]
After more than three months out of the spotlight, Kim Kardashian West is set to make her first public appearance of the new year in Dubai. The American reality television star rescheduled after cancelling her planned trip to the UAE back in October after being robbed at gunpoint in Paris, France, during fashion week. The 36-year-old most famous for reality series Keeping up with the Kardashians was […]
China’s land ministry will automatically renew residential leases set to expire next year, temporarily dispelling homeowners’ concerns about an erosion of their property rights. In an announcement at the weekend, the land ministry said that 20-year residential property leases in the eastern city of Wenzhou would be automatically extended without charge, ending speculation that homeowners would face steep renewal fees equivalent to one-third of their property’s value. Ever […]
TAIPEI A group of Chinese warships lead by the country’s sole aircraft carrier has passed through waters south of Taiwan and is heading southwest, Taiwan’s defence ministry said on Monday of what China has termed a routine exercise. The ministry said the aircraft carrier the Liaoning, accompanied by five other vessels, had passed 90 nautical miles south of Taiwan’s southernmost point on Monday morning via the Bashi […]
2016 was chock-full of surprises, both in markets and in politics. As Goldman’s Allison Nathan explains, the year began with a perfect storm of worries that had become all too familiar already in 2015. Oil prices plunged and fears of faltering growth and a sharp depreciation of China’s currency escalated, driving disruptive sell-offs in credit and other risk assets. Confidence in global growth faltered, particularly after an […]
