Despite economic uncertainty, almost two thirds of family businesses in the Middle East have grown over the past year, according to a new survey conducted by PwC. The poll showed that while the region’s family businesses continue to be active and successful, the changing political and economic environment is affecting both their current performance and their growth expectations. Respondents to the PwC survey said that the three […]
Wells Fargo & Co reported another decline in monthly consumer account openings, indicating that the bank is having trouble rebuilding its reputation after a sales scandal. The bank agreed in September to pay regulators $185 million to settle charges that its staff opened as many as 2 million accounts without customers’ knowledge. Wells Fargo said on Friday consumer checking account openings fell 9 percent in November from […]
General Motors seems determined not to get sidelined by the recent flurry of announcements in the self-driving car category such as those issued by Waymo and Uber. GM’s Chairman and CEO Mary Barra presided a rare press conference last Dec. 15 to declare that GM’s autonomous vehicle called Chevrolet Bolt is now prowling the streets of southeast Michigan. Fleet of self-driving Bolts have already been unleashed in San Francisco […]
The hard-right views of David M. Friedman, a bankruptcy lawyer who is President-elect Donald J. Trump’s choice as the next ambassador to Israel, have drawn polarized responses in Israel and the United States. Mr. Friedman, who has represented Mr. Trump in matters involving Atlantic City casinos, has no diplomatic experience. He has long espoused hard-right, pro-Israel views that are often at odds with decades of United States […]
By Karolina Tagaris and Renee Maltezou | ATHENS ATHENS Greek Prime Minister Alexis Tsipras seems determined to go down in history as a leader who tried to save Greece’s most vulnerable from austerity. But the crowd of pensioners in Athens on Thursday night was cynical about his promise to placate them with a one-off Christmas bonus. “We are living in misery and we won’t tolerate being fooled […]
Lately, there has been discussion of a “blurring” of Agile methodologies with design thinking. These are two philosophies with different terminologies, practiced by different groups of people, that have the same goal — to provide elegant and continuously improving technology solutions that serve users and customers. This blurring may be necessary with software release cycles now going into the hours, or even minutes for some businesses. Photo: […]
By Andrew Osborn and Nick Tattersall | MOSCOW/ISTANBUL MOSCOW/ISTANBUL President Vladimir Putin said he and his Turkish counterpart Tayyip Erdogan are working to organise a new series of Syrian peace talks without the involvement of the United States or the United Nations. In a snub to Washington, Putin made clear on Friday that the initiative was the sole preserve of Moscow and Turkey and that the peace […]
A drone pilot has captured rare footage of several killer whales ganging up on a single shark and devouring it while it was still alive. Slater Moore was touring California’s Monterey Bay with the Monterey Bay Whale Watch (MBWW) on Tuesday, Dec. 13, when they came across two adult killer whales and two calves at sea. The sea creatures appeared to be busy eating something, so Moore decided […]
Photo A member of the Syrian government forces watched the evacuation operation of rebel fighters and civilians from Aleppo on Friday. Credit George Ourfalian/Agence France-Presse — Getty Images BEIRUT, Lebanon — The process of evacuating residents from the last rebel-held section of Aleppo broke down on Friday, a day after Syrian government buses and ambulances began taking residents out of the besieged area. The reason for halting […]
TOKYO Japan’s Prime Minister Shinzo Abe and Russian President Vladimir Putin wrapped up two days of talks on Friday with numerous economic deals but no big breakthrough on a territorial row that has overshadowed ties between the countries since World War Two. The following list details energy and other alliances and agreements between Japanese and Russian companies and government enterprises announced during the summit meetings: HEALTHCARE – […]
The Supreme Court’s dealing with the Panama Papers has run up against procedural issues. First comes the retirement at the end of the month of the head of the bench, none other than the Chief Justice of Pakistan, Mr Justice Anwar Zaheer Jamali. At the last hearing of the case, it was announced that the case would be reheard, not treated as partly heard. Then there is […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices were stable on Friday as evidence increased that producers in the Middle East were informing customers of upcoming supply cuts as part of a coordinated effort to drain a global glut. But since any production cuts will only hit markets early next year and Iraq is still raising sales to Asia, analysts at Goldman Sachs said that the price […]
Friday 08:00 GMT Overview Equity markets are steady, holding near recent highs, as the dollar’s bounce to a 14-year peak on expectations of a more hawkish Federal Reserve pauses for breath. Bond markets are calmer too after the recent battering that pushed yields to their richest in many months, while gold edges up. Hot topic The dollar and surging bond yields has been one of the biggest […]
Allergic reactions to peanuts cause around 500 hospitalizations and even some deaths in the United States each year. Food that contains trace amounts, because it was produced with factory equipment or kitchen tools that came into contact with peanuts, can prove fatal for allergic individuals who consume it unsuspectingly. Accidentally ingesting as little as a third of a single peanut — about 70 milligrams — can send […]
CAIRO: Traces of explosives have been found on victims’ remains from an EgyptAir plane that crashed into the Mediterranean in May killing all 66 people on board, Egypt’s Aviation Ministry said Thursday.An official investigative committee which made the discovery has referred the case to Egypt’s state prosecution, it added in a statement.Under Egyptian law, the prosecution takes over “if it becomes clear to the investigative committee that […]
The Food and Drug Administration warned, Dec. 14, that repeated or long term use of general anesthesia or sedation drugs for children, who are younger than three years old or pregnant women, who are in their third trimester could affect the child’s developing brain. The warning is the result of a comprehensive analysis of the most recent research in the field, according to the agency. Anesthesia And Brain […]
Investors have piled into Russian equity and bond funds over the past week as oil prices have rallied and President-elect Donald Trump named an oil executive with close ties to Vladimir Putin as US secretary of state. Russian stock funds recorded inflows of $451m in the week to December 14, the biggest weekly haul since the first quarter of 2011, according to EPFR. Mutual funds and exchange […]
CAIRO — Egypt said Thursday that explosive traces had been detected on the bodies of passengers retrieved from EgyptAir Flight 804, which plunged into the Mediterranean Sea in May and killed all 66 people on board. The announcement by the Civil Aviation Ministry offers the strongest suggestion yet that a bomb might have felled the airliner as it flew to Cairo from Paris. Previously, officials had focused […]
Latest asset of Abu Dhabi’s cruise tourism sector set to change face of ‘winter sun’ tourism in Abu Dhabi Abu Dhabi-UAE: December 15, 2016 Under the patronage of His Highness Sheikh Hamdan Bin Zayed Al Nahyan, Ruler’s Representative in the Western Region, Abu Dhabi Ports today has officially opened Sir Bani Yas Cruise Beach, offering cruise ship passengers a new beach destination with unmatched tourism experiences. […]
Friday 02:10 GMT Overview The US dollar has climbed to a 14-year high in the wake of the Federal Reserve’s decision this week to lift interest rates, putting pressure on Asian currencies and prompting caution among traders of regional stocks. Hot topic The dollar has been one of the biggest stories of the December quarter thanks to a more robust outlook for US inflation and growth. That […]
By Elizabeth Piper and Alastair Macdonald | BRUSSELS BRUSSELS European Union leaders agreed their plan for Brexit negotiations on Thursday, pledging to move swiftly and stick together to ensure Britain does not cherry pick a sweet deal that might inspire others to unstitch the bloc. Prime Minister Theresa May left before the other 27 leaders met briefly to formalise their plan for how to run Brexit talks. […]
It has been touted as one of the most exciting Dubai mega-projects of recent years and has now come to fruition. The $735m Dubai Water Canal — carved out of land between Business Bay and Jumeirah — opened to the public last month, creating a water-bound ‘mini-Manhattan’ that flows from Downtown Dubai to the ocean. The 3.2km-long canal is the final segment of the Dubai Creek extension, […]
Submitted by Eric Zuesse via Strategic-Culture.org, Was the Cold War against communism, or against Russia? Russia was our ally in World War II, and we’d have a Nazi world today if 26 million Russians hadn’t died from Hitler’s bombs and attacks while Russia fought on with courage amidst desperation, finally to crush his regime. But Russia was communist, so the Cold War developed after that alliance (the Allies in […]
Women who regularly take painkillers may place themselves at increased risk of damaging their hearing. Findings of a new study have revealed that taking just two ibuprofen or paracetamol pills weekly for more than six years would be enough to cause hearing loss. Ibuprofen, Acetaminophen And Risk Of Hearing Loss For the new study, researchers looked at the data of more than 54,000 women who were between 48 […]
