After one of the most tumultuous years in its modern history, Turkey is struggling to convince global investors to look beyond economic weakness and political risk. Fund houses willing to bet on countries such as South Africa, where a corruption scandal is consuming the ruling ANC party, and Brazil, where President Michel Temer is battling to save his administration from corruption investigations, say the headwinds facing Turkey […]
Some analysts say Russia appears to have arrived at an accommodation in which the Turks are moving to establish a security zone in northern Syria to preclude Syrian Kurds from setting up an autonomous region. In return, the Turks appear to be backing off their efforts to unseat President Bashar al-Assad of Syria, who, with Russian help, is strengthening his hold on the country’s major cities to […]
The entire star-studded audience at the Golden Globes practically cried in unison, after Meryl Streep took to the mic to lament over an incident that happened last year regarding what she thought was Donald Trump mocking a disabled reporter. The rift was with NY Times reporter Serge Kovaleski, who said Trump was lying about witnessing Muslims celebrating in New Jersey after 9/11 — which later proved out to […]
A UAE-based humanitarian and charitable foundation will pay off the debts of over 300 patients. The Sultan bin Khalifa Al Nahyan Humanitarian and Scientific Foundation announcement follows UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan declaration of 2017 as the “Year of Giving”, state news agency, WAM, reported. “The foundation helps patients suffering from thalassemia, supports specialised medical institutions and provides humanitarian and charitable services […]
A week after a gunman killed 39 people in an Istanbul nightclub, the suspected assailant remains at large and secular Turks are feeling under attack. ISIS claimed the shooting, calling it an assault on what it called “a pagan holiday.” The government’s pledge to defend all lifestyles hasn’t kept an atmosphere of fear from descending on some of Istanbul’s secular neighborhoods. By way of contrast, some Turks […]
Fiat Chrysler said on Sunday that it would invest an extra $1bn in the US and create 2,000 new US jobs at a time when global carmakers are under pressure from President-elect Donald Trump to boost US jobs and investment. Fiat Chrysler, which made its announcement as the Detroit auto show geared up to open to the press on Monday, insisted that the move had nothing to […]
“This is part of the same pattern inspired by Islamic State, by ISIS, that we saw first in France, then in Germany and now in Jerusalem. This is part of the same ongoing battle against this global scourge of the new terrorism,” he added. Continue reading the main story Mr. Netanyahu has often made the comparison between local attacks against Israelis and those in the rest of […]
Two senior Republican senators urged President-elect Donald Trump to punish Russia in response to U.S. intelligence agencies’ conclusion that President Vladimir Putin personally directed efforts aimed at influencing the outcome of the November election. In a joint appearance on NBC’s “Meet the Press” on Sunday, Republican Senators Lindsey Graham and John McCain said evidence was conclusive that Putin sought to influence the election – a point that […]
By Rodrigo Campos | NEW YORK NEW YORK Investors puzzled over whether U.S. interest rates are rising due to a stronger economy or because of fears about inflation might want to look at the recent gains in REITs for some useful guidance. Real estate investment trusts typically perform poorly in an environment of rising interest rates, as they are used by some investors as a proxy for […]
By Bozorgmehr Sharafedin | DUBAI DUBAI Former Iranian president Akbar Hashemi Rafsanjani died on Sunday at the age of 82, state media reported, a big blow to moderates and reformists deprived now of their most influential supporter in the Islamic establishment. “Ayatollah Hashemi Rafsanjani was taken to hospital after heart attack and more than an hour long efforts by doctors to revive him were not successful,” the […]
Yet many Western analysts believed that he sought a less confrontational relationship with the United States than other powerful figures in the Iranian hierarchy, for whom hostility toward Washington was a touchstone of ideological purity. Continue reading the main story Mr. Rafsanjani, for instance, was credited with suggesting that “Death to America” be dropped from the litany of slogans at Tehran’s Friday prayers, a weekly moment of […]
One of the more cherished bits of jargon used in finance is an idea that cash may sit on the sidelines, as if piles of notes are substitute players ready to dive into the great game of markets. Investors are still sitting on large piles of cash, holding nearly 5 per cent of their portfolios in spare liquidity in December, according to data from BofA Merrill Lynch. […]
By Jack Kim and Tony Munroe | SEOUL SEOUL North Korea said on Sunday it can test launch an intercontinental ballistic missile at any time from any location set by leader Kim Jong Un, saying the United States’ hostile policy was to blame for its arms development. Kim said on Jan. 1 that his nuclear-capable country was close to test-launching an intercontinental ballistic missile (ICBM). (Full Story) […]
CHICAGO A push by Washington for more business-friendly regulation and fiscal support for the economy could improve America’s mix of policies which in recent years have relied too much on the Federal Reserve, Fed Governor Jerome Powell said. Powell, speaking on Saturday at a conference, did not mention the incoming Trump administration by name but his comments suggest some Trump policies will be welcomed by U.S. central […]
Here are the big questions for investors ahead of the coming trading week. What impact will Donald Trump’s press conference have on markets? “I will be having a general news conference on JANUARY ELEVENTH in N.Y.C. Thank you.” That was how the president-elect last week [3] tweeted news of what is surely the first big market-moving event of the year — if it takes place. Mr Trump […]
President-elect Donald Trump accepts the U.S. intelligence community’s conclusion that Russia engaged in cyberattacks aimed at disrupting the U.S. elections, his incoming chief of staff Reince Priebus said on Sunday, adding that “actions may be taken” in response. Speaking on Fox News Sunday, Priebus said Trump “accepts the fact that in this particular case it was entities in Russia” that were behind the intrusions into the Democratic […]
UAE, January 8, 2017 The UAE Government has announced that it has completed the legal system for venture capital funds as one of the first projects approved by the Government Accelerators initiative launched by H.H. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai in line with the goals of the UAE National Agenda. The legal system for venture capital […]
NEW YORK China’s Anbang Insurance Group is in talks to invest in a project to redevelop a flagship New York City building owned by Kushner Companies, the family real estate business run by U.S. President-elect Donald Trump’s son-in-law Jared Kushner, according to a person familiar with the discussions. The talks to revitalize the 41-floor building located at 666 Fifth Avenue, were first reported by the New York […]
In October 1938, the one-hour adaptation of H G Wells’s The War of the Worlds, directed by Orson Welles, was broadcast on CBS Radio in the United States. A story of aliens invading rural New Jersey rendered as news broadcasts and authentic-sounding updates, it was a little too convincing. There are legends of panic in the streets, mass hysteria and heart attacks. That may have been the […]
Israel’s ambassador to the UK has apologised after a senior member of his embassy staff was recorded saying he wanted to “take down” the Foreign Office minister Sir Alan Duncan. Shai Masot, the Israeli embassy’s senior political officer, said he was disappointed that Sir Alan, an outspoken critic of settlement building in the occupied West Bank, had not been “neutralised”. The official claimed, according to a recording […]
Photo A Marine patrol in Helmand Province, Afghanistan, in 2011. A new deployment of Marines will replace an Army unit stationed there. Credit Peter Parks/Agence France-Presse — Getty Images KABUL, Afghanistan — Approximately 300 United States Marines will return this spring to help fight a resurgent Taliban in the southern Afghan province of Helmand, the site of a yearslong bloody campaign, American officials in Afghanistan said on […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on debunking misleading parallels between Reaganomics and Trumponomics and what changes the new US president’s policies will force in investor behaviour. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. The world is too different from the 1980s for Donald Trump to achieve […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Even when it comes to brutality, little is left to the media imagination these days. The latest example of the decline in consensus about the acceptable involves the Facebook video of a mentally disabled Chicago man who was attacked and […]
Hyperloop One global field operations senior vice president Nick Earle (L) and co-founders Rob Lloyd (C) and Josh Giegel at the Consumer Electronics Show in Las Vegas US startup Hyperloop One disclosed a list of locations around the world vying to put near-supersonic rail transit system to the test. The startup company keen to revolutionize the way people and cargo travel said that 35 contenders remained from […]
