Theresa May is facing a growing backlash over her flagship business reforms after leading company bosses and the Bank of England’s chief economist urged her to reverse plans on executive pay. Senior finance and corporate figures, including the BoE’s Andy Haldane and GlaxoSmithKline’s chief executive Sir Andrew Witty, have rejected two of the prime minister’s main corporate governance proposals. In a report to be published on Friday, […]
Video Suicide Bomber Kills Dozens in Iraq At least 80 people, many of them Shiite pilgrims visiting from Iran, were killed when a suicide bomber detonated a truck packed with explosives at a service in the southern city of Hilla on Thursday. Publish Date November 24, 2016. Photo by Alaa Al-Marjani/Reuters. Watch in Times Video » ERBIL, Iraq — At least 80 people, many of them Shiite […]
Authored by Bonner & Partners’ Bill Bonner, annotated by Acting-Man’s Pater Tenebrarum, Permanently Skewed TRUMP HOTEL, New York – Trump’s rambling army – professionals, amateurs, camp followers, and profiteers – is marching south, down the I-95 corridor. There, on the banks of the Potomac, it will fight its next big battle. Lieutenants in Trump’s army: Bannon, Flynn & Sessions Here at the Diary, we do not […]
By Stanley Carvalho and Agnieszka Flak | ABU DHABI/MILAN ABU DHABI/MILAN Alitalia could cut up to 2,000 jobs as controlling shareholder Etihad Airways pushes for sweeping changes to turn the loss-making airline around, according to sources close to the matter. The Italian carrier may also ground at least 20 planes to cut certain unprofitable routes on domestic and regional services where it is struggling to compete with […]
While most global equity markets were subdued due to the US Thaksgiving holiday, the FX world was very busy overnight, marked by the relentless dollar surge on expectations of a rate hike not only in December but further in 2017, sending Asian currencies to the weakest level in 7 years: the Bloomberg-JPMorgan Asia Dollar Index reached 103.32, the lowest level since March 2009. The regional FX plunge […]
China has become the first country to receive more than 1m patent applications in a single year — a record the World Intellectual Property Organisation said reflected “extraordinary” levels of innovation in the world’s most populous nation. “[The Chinese] are making innovation a central part of their economic strategy,” Francis Gurry, director-general of the UN agency, said at a briefing in Geneva. While sceptics have long argued […]
We have smartphones, wristbands, and of course, smartwatches that are able to read your heart rate. But how about a mouse? Mionix Naos QG, a gaming mouse developed in collaboration with Kickstarter and the Twitch community, is fitted with a Pixart PAH8001E1-2G heart rate sensor, as well as a Galvanic Skin Response (GSR) sensor to measure a player’s emotional state while playing video games. But how does […]
Emarat Dzayer Group, a Dubai-based conglomerate, and Groupe Imetal, a Government of Algeria entity, have signed an agreement to develop a $1.6 billion steel plant in Algeria’s Annaba Province. The agreement was signed on Tuesday on the sidelines of the Algerian-Emirati Investment Forum. The agreement will create Emarat Dzayer Steel Company, a joint venture in which Groupe Imetal will hold 51 percent stake through its two subsidiaries […]
Google offered a “Popular Times” feature on its Google Maps app last year to allow users to assess how busy an establishment would be at specific times of the week or day according to past history. Last year, Google introduced a new Google Search feature showing users when a bar, restaurant, retailer store or any other location was the busiest and most popular. When Is The Best […]
Qatar Development Bank (QDB) plans to launch a debt-to-equity seed funding initiative for entrepreneurs, its CEO said on Tuesday. The fund – the size of which has yet to be confirmed – is expected to launch by the end of this year, according to QDB’s Abdulaziz bin Nasser Al Khalifa. Entrepreneurs and small-to-medium-sized enterprises (SMEs) will be able to gain access to convertible notes with a ticket […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity due to the U.S. Thanksgiving holiday kept traders from making big new bets on markets. International Brent crude oil futures LCOc1 were trading at $49.00 at 0403 GMT, up 5 cents from their last close. U.S. West Texas Intermediate (WTI) crude […]
WASHINGTON: President-elect Donald Trump said Tuesday he would “love” to clinch a deal to end the intractable conflict between Israel and the Palestinians, despite Israel’s revived plans to build 500 new homes for Jewish settlers in annexed east Jerusalem.“I would love to be the one who made peace with Israel and the Palestinians, that would be such a great achievement,” Trump said in an interview with The […]
|By Arabian Post Staff| Emarat Dzayer Group, a Dubai-based diversified business conglomerate, and Groupe Imetal, a Government of Algeria undertaking, has signed an agreement to develop a US$1.6 billion (Dh5.87 billion) steel plant in Algeria’s Annaba Province. The agreement was signed on Tuesday in Algeria, on the sidelines of the Algerian-Emirati Investment Forum in the presence of Abdel Malek Sellal, Prime Minister of Algeria, Sheikh Mansour Bin Zayed […]
Photographs capture mere fractions of seconds, but a series of them taken by an Egyptian journalist has cost him more than three years of his life. Mahmoud Abou Zeid, known as Shawkan, has been in Tora Prison in Cairo for more than 1,100 days. He has been detained without trial since he was arrested while photographing the deadly antigovernment protests that roiled Egypt in the summer of […]
With a number of iconic infrastructure projects in the pipeline for the GCC, innovation remains the focus for the region’s infrastructure and heavy industry Dubai, UAE, 23 November 2016 As the GCC gears up for multi-billion dollar infrastructure initiatives such as Dubai Expo 2020 and the FIFA World Cup 2022 in Qatar, the region’s infrastructure and heavy machinery industry has turned its focus towards exciting new sustainable […]
In baseball lore the moment has been preserved in amber, alongside Lou Gehrig’s farewell at Yankee Stadium, Don Larsen’s perfect game in a World Series and “the Catch,” Willie Mays’s spectacular over-the-shoulder, warning-track snare of a Series blast at the same Polo Grounds, three years after Thomson’s “shot.” It was immortalized in American literature by Don DeLillo, who opened his 1997 novel, “Underworld,” with an extended passage […]
An experimental Alzheimer’s medicine has flunked a large clinical trial, wiping more than $10bn off the market value of its developer Eli Lilly and dealing a significant setback to the hunt for a drug to delay the fatal disease. Investors and analysts had tipped the medicine, known as Solanezumab, or Sola, to be the first drug that could delay dementia in Alzheimer’s patients, after earlier studies appeared […]
Mid-morning last Friday, as Tokyo’s foreign-exchange traders were contemplating lunch, the first pictures of Donald Trump meeting the Japanese prime minister, Shinzo Abe, flashed up. The yen bears loved it. Setting aside the gold-encrusted Babylonian decor of Trump Tower and forced bonhomie, conventional market wisdom before November 9 was that an image like this would send global investors everywhere screaming into haven, long yen positions. Forget an […]
By Bernie Woodall | DETROIT DETROIT Automakers in the United States are ramping up holiday sales promotions ahead of Black Friday, aiming to clear out bulging inventories of unsold cars and dispel investor doubts about consumer demand. Detroit automakers need a strong year-end sales push. They are sitting on hefty inventories of unsold sedans, compact cars and sports cars as consumers shift to pickup trucks and SUVs. […]
A record run of declines; its worst performance since last year’s surprise devaluation and eight-year lows plumbed on a near-daily basis. Whichever way you cut it, China’s currency is having a testing month. However, unlike the infamous devaluation ruckus in August 2015, and the turmoil in markets that followed renminbi weakness in January, investors are not panicking this time. At least not yet. This month the offshore […]
There’s always a real buzz in Abu Dhabi around the time of the Grand Prix and whether you’re a fan of Formula One, or not, there’s plenty to see and do. We have rounded up some of the best ways to get involved in the hype without hotting the grandstands. F1 FanZone If you’re not in the stands at Yas Marina Circuit, the next best place to […]
Photo The Tanin, one of five submarines that make up Israel’s current fleet, at a naval base in Haifa in 2014. Credit Pool photo by Amir Cohen JERUSALEM — Dogged for decades by scandals ranging from the funding of family trips to enormous ice cream bills, Prime Minister Benjamin Netanyahu of Israel is again under scrutiny, this time over a billion-dollar deal with Germany for the acquisition […]
South Korea on Wednesday signed a military intelligence-sharing pact with Japan aimed at better managing the threat from North Korea’s increasingly active missile and nuclear weapons programmes. The deal, which comes as Seoul scrambles to adjust to the region’s shifting geopolitical landscape, has faced fierce domestic opposition from critics who slam it as an example of embattled President Park Geun-hye’s unilateral decision-making. Ms Park is embroiled in […]
Close on the heels of a Thanksgiving-ish update for Pokémon GO which added double experience points and Stardust as Niantic’s thank-you gesture, the rumored appearance of Ditto has now been confirmed by several players who have encountered the shape-shifting Pokémon. Ditto Beginning To Show Up Ditto is the last non-legendary Pokémon from the original 151 first-generation Pokémon to make an appearance on Pokémon GO. Ditto famously possesses the ability to […]
