Bayern, as ever, is in the vanguard. In recent years, it has become a commercial juggernaut. It rakes in more money from commercial activity than any other club in the world, apart from the Qatari-backed Paris Saint-Germain, and it has established satellite offices in New York and Shanghai to press its interests far from its home base in Bavaria. That success, and that reach, are sources of […]
By Lisa Twaronite and Wayne Cole | TOKYO/SYDNEY TOKYO/SYDNEY Asian shares edged down on Friday but were on track for weekly gains, while the euro became more settled after the volatility seen in the wake of the European Central Bank’s decision to trim the size of its asset purchase program while also extending it for longer than many analysts had expected. MSCI’s broadest index of Asia-Pacific shares […]
BEIJING China’s President Xi Jinping has called for allegiance to the ruling Communist Party from the country’s colleges and universities, the latest effort by Beijing to tighten its hold on education. The government has campaigned against the spread of “Western values” at universities, and in January officials said the party’s discipline and anti-graft agency had sent inspectors to monitor teachers for “improper” remarks in class. Beijing has […]
Breaking News, the popular alert app from NBC News, is shutting down at the end of the year. The entire staff at Breaking News — more than 20 editors, developers and administrative staffers — will stay on payroll at NBC News until Jan. 20, a spokesperson for NBC News told Poynter. Meanwhile, an effort is underway at the company to try to find jobs for as many […]
By Associated Press Published: 23:54 EST, 8 December 2016 | Updated: 23:55 EST, 8 December 2016 TRINGGADING, Indonesia (AP) — Indonesia’s president traveled Friday to areas of Aceh province devastated by a magnitude 6.5 earthquake and vowed that torn-apart communities would be rebuilt. Stopping at a collapsed mosque in Tringgading not far from the quake’s epicenter, Joko “Jokowi” Widodo gave out envelopes stuffed with 15 million rupiah […]
Shares in casino operators took a tumble on Friday before recovering some poise, following a response from China’s UnionPay to a report that its daily withdrawal limit from ATMs in the gambling haven of Macau was to be halved as part of Beijing’s battle against capital flight from the mainland. China has moved in recent weeks to staunch capital gushing from the mainland, including tightening scrutiny of cross-border […]
By Patricia Zengerle | WASHINGTON WASHINGTON Former Secretary of State Hillary Clinton called “fake news” a danger that must be addressed quickly, in a rare public appearance on Thursday, a month after she lost the presidential election in a campaign marked by a flood of such propaganda. “We must stand up for our democracy,” Clinton said during a tribute to retiring Senate Democratic Leader Harry Reid, referring […]
By Emily Stephenson | DES MOINES, Iowa DES MOINES, Iowa President-elect Donald Trump said on Thursday the United States needed to improve its relationship with China, which he criticized for its economic policies and failure to rein in North Korea. “One of the most important relationships we must improve, and we have to improve, is our relationship with China,” Trump told a rally in Iowa. The United […]
Photo Syrian civilians, in eastern neighborhoods of Aleppo retaken by government forces, returned to their homes on Thursday under military supervision. Credit George Ourfalian/Agence France-Presse — Getty Images BEIRUT, Lebanon — Russian officials said Thursday that the Syrian Army had stopped combat operations in the divided city of Aleppo in order to evacuate civilians, but residents of the rebel-held enclave reported that after a day of intense […]
Brexit may have come at the most fortunate time for the GCC. As the Gulf seeks greater support to fend off security risks in the region, including Iranian actions, and avenues to shore up bilateral trade in replacement of lost oil revenues, the UK is reaching out to old friends in a bid to strengthen non-mainland European relationships. “We will make it a priority, when the UK […]
3M Co (MMM.N), the maker of Scotch tape and Post-it notes, said it had entered into agreements to sell its identity management business to Amsterdam-based digital security company Gemalto (GTO.AS) for $850 million. The unit, which provides biometric solutions used in law enforcement, border control and civil identification, has annual global sales of about $215 million. “We believe that the identity management business will be better positioned […]
By Jack Kim and Cynthia Kim | SEOUL SEOUL South Korean President Park Geun-hye, engulfed in an influence-peddling scandal, faces a historic impeachment vote in parliament on Friday that could see her become the country’s first democratically elected leader to be ousted from office. Parliament is expected to vote in favour of impeachment, with support from some members of Park’s conservative Saenuri Party, but the Constitutional Court […]
Your daily guide to community and cultural activities across the Emirates for December 9, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Tennis event Take part in the ZSC Academy Tennis Festival, a fun way to experience and learn more about the sport. There will be lessons for children ages 2 and older, tennis […]
By Laila Bassam and John Davison | ALEPPO, Syria/BEIRUT ALEPPO, Syria/BEIRUT The Syrian army’s advance in Aleppo slowed on Thursday but a victory was still firmly in sight after President Bashar al-Assad vowed that retaking the city would change the course of the six-year-old war. Russia’s RIA news agency quoted Russian Foreign Minister Sergei Lavrov as saying the Syrian army, which has captured territory including Aleppo’s historic […]
By Amanda Becker and Robert Iafolla | WASHINGTON WASHINGTON President-elect Donald Trump named fast-food executive Andy Puzder to head the U.S. Department of Labor on Thursday, drawing criticism from labour advocates worried about his opposition to a higher minimum wage and government regulation of the workplace. Puzder, chief executive of CKE Restaurants Inc [APOLOT.UL], which operates the Carl’s Jr. and Hardee’s fast-food chains, has frequently argued in […]
Investors bought firmly into the view that a diverging outlook for interest rates is the key driver for the euro in the wake of the European Central Bank’s extension of quantitative easing, leaving the single currency nursing its biggest one-day drop against the dollar since the UK’s vote to leave the EU. After a knee-jerk 1 per cent leap up in the euro as headlines flashed that […]
Since announcing the creation of ProPublica Illinois, president Richard Tofel has heard from people in other states hoping the nonprofit investigative organization will set up shop in their cities, too. And it might. But first, they have to figure out the prairie state. ProPublica announced Wednesday the creation of ProPublica Illinois, the search for a Chicago-based editor and seed funding from the Ford Foundation. Two important things […]
By Will Dunham John Glenn, who became one of the 20th century’s greatest explorers as the first American to orbit Earth and later as the world’s oldest astronaut, and also had a long career as a U.S. senator, died in Ohio on Thursday at age 95. Glenn, the last surviving member of the original seven American “Right Stuff” Mercury astronauts, died at the James Cancer Hospital at […]
Major U.S. stock indexes climbed again on Thursday and set fresh record highs as a month-long rally following the presidential election of Donald Trump rolled on. Investors have driven up equities since Trump’s Nov. 8 election over optimism about domestic economic stimulus and reduced corporate taxes and regulations. Supporting the upbeat sentiment on Thursday was a report that showed the number of Americans filing for unemployment benefits […]
ABU DHABI // The US presidential election, religious occasions and rainstorms were among the most discussed topics on Facebook by people in the UAE this year. On Thursday, Facebook released its Year in Review’s top moments of 2016 from people in the country and around the world. “As the year comes to a close, we have seen people in the UAE connect in big and small ways […]
By Mark Hosenball | WASHINGTON WASHINGTON President-elect Donald Trump is receiving an average of one presidential intelligence briefing a week, according to U.S. officials familiar with the matter, far fewer than most of his recent predecessors. Although they are not required to, presidents-elect have in the past generally welcomed the opportunity to receive the President’s Daily Brief (PDB), the most highly classified and closely held document in […]
Thursday 21:00 GMT Overview The European Central Bank’s latest policy surprise fuelled a volatile session for the euro and government bonds as participants appeared, initially at least, to struggle to assess its implications. But European stocks rose to 11-month highs while Wall Street overcame an early bout of fatigue to set yet more record peaks. Oil prices resumed their upward path, even as a stronger dollar unsettled […]
By Steve Scherer and Francesca Piscioneri | ROME ROME Italy’s president began talks with political leaders on Thursday to seek a way out of the political crisis caused by the resignation of Prime Minister Matteo Renzi. Sergio Mattarella, a 75-year-old former constitutional court judge, must decide if someone can lead Italy to elections scheduled for 2018, or whether an interim government should serve until a snap vote […]
The holiday season 2016 has already started and shoppers are looking out for deals for themselves and for gifting. Gaming consoles are one of the top picks every holiday season. Analysts predict that this holiday season, Sony PlayStation 4 (PS4) will be ahead of Microsoft Xbox One in terms on sales. Global PS4 Sales Surpasses 50 Million On Wednesday, Sony announced that PS4 sales have surpassed 50 million […]
