By Richa Naidu and Nandita Bose Target Corp (TGT.N) shares plunged on Tuesday after executives issued a full-year profit forecast that fell well below analyst estimates and said the retailer would lower prices to compete with deep-discounting rivals. Target at its investor day conference vowed aggressive promotions and said new brands and investments in technology and small stores will allow it to eventually win back market share. […]
ABU DHABI // The number of Emiratis working in the private sector will need to increase tenfold over the next 5 years, members of the Federal National Council say. Naama Al Sharhan said private sector firms – in particular those that are foreign-owned – need to be encouraged to hire more UAE nationals. The FNC debate came after recruiters were deployed in every emirate to find jobs […]
The American ambassador, Nikki R. Haley, accused Russia of putting “its friends in the Assad regime” before global security. Continue reading the main story “It’s a sad day for the Security Council when member states make excuses for other members killing their own people,” she said in the council chambers after the vote. The resolution, proposed by Britain and France months ago and endorsed by the United […]
With US stock markets hitting record highs last week, the question has to be asked. Has the Trump reflation trade — long in equities, short in bonds — run its course? In the equity market it has been a crowded trade for quite some time. On the bond side, futures market data are telling us that there are exceptionally large speculative bear positions in the market. This […]
OFRA, West Bank: Israeli police began removing settlers and hundreds of supporters on Tuesday from nine houses built illegally on privately owned Palestinian land in the occupied West Bank.Police carried some of the settlers and protesters out of the red-roofed structures in the settlement of Ofra, while others walked out, escorted by officers.Israel’s Supreme Court has ordered the demolition of nine buildings in the settlement of more […]
WASHINGTON President Donald Trump acknowledged his immigration goals may not have been communicated effectively, saying “maybe it’s my fault,” and may use his speech to Congress on Tuesday to address the poor messaging in his month-old administration. The Republican Trump, a blustery newcomer to politics before winning the 2016 presidential election, gave himself a “C or a C+” on communication in an interview with “Fox & Friends” […]
Every so often, I like to dream about how we could think differently about the building blocks of the news industry. So far, I’ve tackled headlines, homepages, bylines, analytics, podcast ideas, comment sections and ideas for covering the President; in today’s installment, I’ll list some new ideas for newsletters. The nice thing about newsletters is that they’re great experimental platforms to test ideas and try new things. […]
WASHINGTON Feb 28 U.S. economic growth slowed in the fourth quarter as previously reported, with robust consumer spending offset by downward revisions to business and government investment. Gross domestic product increased at a 1.9 percent annual rate, the Commerce Department said on Tuesday in its second estimate for the fourth quarter, confirming the estimate published last month. Output increased at a 3.5 percent rate in the third […]
South Korean prosecutors have charged Lee Jae-yong, Samsung’s de facto boss, with bribery, embezzlement and other offences in connection with the country’s sprawling corruption scandal. The move on Tuesday is a blow to the leadership transition to the third generation of the founding family of South Korea’s largest conglomerate. The indictment of the 48-year-old vice-chairman of Samsung Electronics, along with four other Samsung executives, comes as the […]
Tuesday 12:30 GMT Overview Global stocks are finishing a positive month on a mixed note as traders appear cautious about making fresh bold bets ahead of Donald Trump’s speech to a joint sitting of the US Congress later on Tuesday. The dollar is fairly steady, while gains for perceived haven assets such as Treasuries and the Japanese yen speak to the underlying tentative tone. Hot topic The […]
By Tom Miles and John Irish | GENEVA GENEVA Russian Deputy Foreign Minister Gennady Gatilov said on Tuesday that a U.N. Security Council resolution put forward by Western powers to punish Syria’s government over its alleged use of chemical weapons would harm peace talks in Geneva. The resolution, which comes amid U.N.-led peace talks between the warring Syrian parties, seeks to ban the supply of helicopters to […]
BISHKEK Russia is confident it will be able to resolve a series of disputes with Belarus, President Vladimir Putin said on Tuesday, referring to disagreements over a joint border and energy deliveries. “I am sure we will be able to find a way out,” Putin told a news conference in Bishkek, the capital of Kyrgyzstan, after meeting his Kyrgyz counterpart Almazbek Atambayev. Earlier this month, Belarus accused […]
Chatbots are fast becoming one of the pillars of artificial intelligence. In both internal and external communications, chatbots are becoming more accurate, consistent, scalable, and cost effective than humans. In the enterprise, chatbots are now being used to improve workflow, and asset optimisation joining up data from across the organisation. Palo Alto-based Maana has partnered with New York-based chatbot technology company exClone Inc to bring specialised chatbots […]
By Thomas Escritt | AMSTERDAM AMSTERDAM Since the evening in 2004 when policemen arrived unannounced to escort him and his wife to safety, Geert Wilders has lived in safe houses under 24-hour guard to protect him from Islamist militants who threatened to kill him. Film-maker Theo van Gogh had been shot, stabbed and nearly beheaded by a militant Islamist earlier that day, and Wilders, another prominent critic […]
BEIJING China’s Foreign Ministry on Tuesday said it hoped U.S. defence spending would be beneficial to maintaining global peace and stability, after the White House proposed a 10 percent increase in military spending. The proposed rise in the Pentagon budget to $603 billion comes as the United States has wound down major wars in Iraq and Afghanistan and remains the world’s strongest military power. An official familiar […]
By Se Young Lee and Ju-min Park | SEOUL SEOUL South Korean prosecutors said on Tuesday they will charge Samsung Group [SARG.UL] chief Jay Y. Lee with bribery and embezzlement as the top conglomerate announced the dismantling of its corporate strategy office, the latest developments in a scandal that has rocked the country for months. Jay Y. Lee, 48, was arrested on Feb. 17 over his alleged […]
On the verge of Donald Trump’s address to Congress, investors have sent the benchmark S&P 500 to record highs. Money managers awaiting word from the new US president on how he will accelerate growth are looking for a reason to maintain their enthusiasm, and for good reason — by a variety of metrics, US share prices are in rare territory. Here are five charts that make bulls […]
February in Romania has brought 27 consecutive days of protests against the current government, at a scale unmatched since the Revolution in 1989. In a record day, more than 600,000 people gathered in the capital’s Victory Square and around the country to overturn a decision by the current ruling party to decriminalize some acts of corruption and abuse of office. This decision was especially self-serving given the […]
By Se Young Lee and Ju-min Park | SEOUL SEOUL South Korean prosecutors said on Tuesday they will charge Samsung Group chief Jay Y. Lee with bribery and embezzlement as the top conglomerate announced the dismantling of its corporate strategy office, the latest developments in a scandal that has rocked the country for months. Jay Y. Lee, 48, was arrested on Feb. 17 over his alleged role […]
BEIJING China cemented President Xi Jinping’s position as the “core” of the Communist Party on Monday, making it part of ideological teaching in colleges and universities as Beijing tightens its hold on education. Political thought and party leadership in China’s places of higher learning should “closely revolve around the Chinese Communist Party with comrade Xi Jinping at the core”, the State Council, China’s Cabinet, said in a […]
By Steve Holland | WASHINGTON WASHINGTON President Donald Trump is seeking what he called a “historic” increase in defense spending, but ran into immediate opposition from Republicans in Congress who must approve his plan and said it was not enough to meet the military’s needs. The proposed rise in the Pentagon budget to $603 billion comes as the United States has wound down major wars in Iraq […]
Pro-government lawmakers accused Mr. Sadat of leaking drafts of the law to foreign embassies, and of faking the signatures of 16 fellow lawmakers on another proposed law that he had drafted. Mr. Sadat denied the accusations, saying he had circulated his criticism only in a news release via email and his website. Continue reading the main story Mr. Sadat’s expulsion highlighted the lopsided balance of parliamentary power […]
By Afp Published: 17:17 EST, 27 February 2017 | Updated: 17:17 EST, 27 February 2017 The International Consortium of Investigative Journalists gained notoriety last year by publishing leaked documents from Panama that linked some of the world’s most powerful leaders to unreported offshore companies The investigative reporting alliance known for uncovering the massive Panama Papers scandal has become an independent entity, a move that may help it […]
Frictions? Between the press corps and the White House?! Monday’s White House press briefing made Sunday night’s languorous (if now comically notorious) Oscars ceremony look like the Ringling Bros. Barnum & Bailey Circus (absent the elephants). It was all tranquil, rife with policy questions and only one passing reference to Friday’s combo tumult: President Trump trashing the press before an annual gathering of conservatives and Press Secretary […]
