By Ju-min Park and Jack Kim | SEOUL SEOUL South Korea’s parliament introduced a bill on Thursday to impeach President Park Geun-hye, setting the stage for a historic vote to oust the embattled leader engulfed in an influence-peddling scandal. Parliament is expected to vote on Friday in favour of impeachment, although the Constitutional Court must decide whether to uphold the motion, a process that could take up […]
Submitted by MiddleEastEye.net via TheAntiMedia.org, Saudi authorities banned journalist Jamal Khashoggi from writing in newspapers, appearing on TV and attending conferences, the Alkhalij Aljadid reported in Arabic. This came after Khashoggi’s remarks during a presentation he made at a Washington think-tank on 10 November in which he was critical of Donald Trump’s ascension to the US presidency. Two weeks ago, an official Saudi source was cited by […]
A British regulator said on Wednesday that it fined pharmaceutical company Pfizer 84.2 million pounds, or about $107 million, for increasing the price of an epilepsy drug by as much as 2,600 percent. From $3.57 To $85.06 The Competition and Markets Authority (CMA) said that the New York-based drug company broke competition law for the excessive and unfair pricing of the phenytoin sodium capsules in the United […]
By Jack Kim and Ju-min Park | SEOUL SEOUL If South Korean President Park Geun-hye is impeached in parliament on Friday, she faces an uphill court battle to overturn the motion, experts say, even though the judges were all appointed by her and her conservative predecessor. An impeachment vote appears likely, and the nine-judge Constitutional Court would have up to six months to uphold or overturn it. […]
SYDNEY Asian shares hustled to one-month highs on Thursday after Wall Street strode to another record, while bonds rallied on wagers the European Central Bank would extend its stimulus campaign at a policy meeting later in the session. Risk appetite got an extra boost when China reported upbeat trade figures with exports and imports both beating forecasts. Resource imports were very strong, a major reason prices for […]
US stocks hit fresh highs on Tuesday led by transportation, as investors solidified their bets on an improving economy under the Trump administration. The benchmark S&P 500, Dow Jones Industrial Average and Nasdaq Composite each clinched their best daily performances since the day before the US election, with the first two also setting new records. Stock markets have been invigorated by the possibility of a wave of […]
Over the years, Ila founder Denise Leicester has sourced and tested hundreds of oils and oil blends from all over the world. Here, she highlights some of her best discoveries and offers some useful skincare advice. Select Ila products and treatments are available in Abu Dhabi at Chi, the Spa at the Shangri-La Hotel, Qaryat Al Beri; in Dubai at the Natural Elements Spa at Le Méridien […]
Almost a month after a public beta which began in November, Spotify and manufacturer of smart speakers Sonos are finally releasing an update which gives users direct control of all Sonos speakers via the Spotify app. Controlling Sonos Speakers With Spotify The update fundamentally turns any Sonos speakers into an eligible Spotify Connect speaker, with Sonos’ multi-room functionality thrown into the mix. The new feature was originally announced back in […]
General assembly meetings of FGB and NBAD held on December 7th Combined bank has total assets of approximately AED655 billion (US$178 billion), representing a 27% market share of UAE banking sector[1] Shareholders approve combined bank’s board of directors from effective merger date Effective date of merger towards the end of Q1 2017 as initially planned. Abu Dhabi, 7 December 2016 Shareholders in First Gulf Bank PJSC (FGB) […]
Samuel L Jackson, who received the Lifetime Achievement award, DIFF Chairman Abdulhamid Juma and Sheikh Mansoor bin Mohammed at the Opening Night Gala of the Dubai International Film Festival. Neilson Barnard / Getty Images (From third left) Managing Director of DIFF Shivani Pandya, Samuel L Jackson with his wife LaTanya Richardson and DIFF Chairman Abdulhamid Juma attend the Opening Night Gala of the 13th annual Dubai International […]
Fresh from touting a deal to save hundreds of jobs at the Carrier plant in Indiana as proof he would hold to his election pledge to protect American workers, it appears to have escaped Donald Trump that his attack on Boeing’s contract to replace Air Force One would endanger the employment of thousands of highly skilled aerospace workers. After claiming this week that the “$4 billion” cost […]
Matteo Renzi will resign as Italian prime minister on Wednesday evening, bringing an end to nearly three years in office after he suffered a stinging defeat in a referendum on his flagship constitutional reforms. Mr Renzi announced his resignation on Twitter and his departure will be formalised with a visit to Sergio Mattarella, the Italian president, at 7pm on Wednesday. On Thursday, Mr Mattarella is expected to […]
Alcohol intake is associated with higher rates of developing cancer, among white men and women. As part of the association, white wine was the most obvious correlation. The study, published in the journal of the American Association for Cancer Research, Cancer Epidemiology, Biomarkers & Prevention, suggested that nearly 3.6 percent of cancer cases around the globe can be associated with alcohol, especially the ones of the aerodigestive tract, […]
Sony plans to unleash some of its iconic PlayStation titles on smartphones from next spring, in its most determined attempt yet to capture a bigger share of the $35bn global mobile gaming market. The move follows the runaway success of augmented reality mobile game Pokémon Go, with rival Nintendo’s famous character demonstrating the power of Japan’s intellectual property when tapping into a global pool of smartphone users. […]
This is part of a series on the global rise of exchange traded funds Have we reached Peak ETF? And are we therefore at last in a “stockpicker’s market” where active fund managers skilled in bottom-up stock selection can feast on the mispricings and anomalies that the herd of exchange traded funds have left in their wake? It is beguiling to think that this could have happened. […]
Video Iran’s President on Trump and Nuclear Deal President Hassan Rouhani of Iran said on Tuesday that he would not let the United States back out of the Joint Comprehensive Plan of Action nuclear deal, warning of unspecified repercussions if Washington reneges. By IRINN, VIA REUTERS. Photo by Iranian Presidency, via Agence France-Presse — Getty Images. Watch in Times Video » TEHRAN — Iran’s president said on […]
Trafigura, one of the world’s largest commodity traders, has announced a 12 per cent decline in annual profits as challenging market conditions curbed money-making opportunities and it was forced to write down the value of port and rail assets. In the year to September, net profit was $975m, down from just over $1.1bn in 2015 which was a record year for trading the Geneva-based company. In spite […]
Submitted by Daniel Cloud “Donald Trump is either too incompetent to understand that his foolish phone call threatens our national security, or he’s doing it deliberately because he reportedly wants to build hotels in Taiwan to pad his own pockets.” – (Democratic National Committee Spokesperson) Is that true? Did “incompetent” President-Elect Donald Trump’s “foolish” telephone conversation with Taiwan’s President Cai Yingwen actually “threaten American’s […]
Expansion will help ensure Abu Dhabi’s rising demand for gas is met sustainably and economically 07 December 2016 Abu Dhabi, UAE – Plans to expand the Al Hosn Shah Gas plant’s capacity by 50 per cent have come one step closer today, with the awarding of the Front End Engineering Design (FEED) Services contract, to Britain’s Amec Foster Wheeler. One of the key players in the GCC […]
By Charlotte Greenfield | WELLINGTON WELLINGTON Two senior New Zealand ministers threw their support behind Finance Minister Bill English on Wednesday, underpinning his front-runner position in the race to replace John Key, who announced his shock resignation this week. Social Services Minister Paula Bennett and Transport Minister Simon Bridges said they were both running to become deputy leader and would back English’s leadership bid. English, who is […]
Wednesday 06:00 GMT Overview Bourses across Asia were higher, taking their cue from Wall Street’s return to near record highs and rally in Europe led by Italian banks. European bourses are expected to open firmer, with spreadbetters predicting the UK’s FTSE 100 will add 30 points to 6,810 and Germany’s Dax to gain 60 points to 10,835. US index futures suggest the S&P 500 will shed 1 […]
Abu Dhabi // Sheikh Mohammed bin Rashid led the UAE delegation to the two-day GCC Summit on Tuesday, which is also being attended by UK prime minister Theresa May as she looks to expand trade ties ahead of Britain’s exit from the European Union. The 37th annual talks among the six Gulf member states in Manama were expected to focus on security within the GCC, economic integration […]
PARIS Manuel Valls, who launched a bid for France’s presidential election on Monday, would not gather enough support to go through to its second round, according to an opinion poll published on Wednesday. Valls, President Francois Hollande’s prime minister since the spring of 2014, quit this week to run for president after Hollande himself decided against seeking a second term. If Valls were to win the Socialist […]
Picture it: rumours of a renminbi devaluation keep growing. Residents rush to open accounts offshore as experts warn Beijing will get off on the wrong foot with a relatively new US administration if a big depreciation happens. Official denials are made regularly — until a devaluation of about 50 per cent follows in short order. That was China in 1994. Today the idea of a similarly brutal, […]
