Just as horror movies can spook fright nerds more than they expect, so political risk is sparking heightened levels of anxiety among seasoned investors. Investors caught out by Brexit and Donald Trump are making better preparations for political risk in Europe, plotting a route to the exit door if the unfolding story of French, German and Dutch elections poses a serious test for markets. One key measure […]
By Sarah Marsh and Diego Oré | HAVANA HAVANA Draped in the red, white and blue national flag, Fidel Castro’s ashes began a marathon procession across Cuba on Wednesday to his final resting place in the east of the island, where the first shots in the Cuban Revolution were fired. Castro, who ruled Cuba for half a century until 2008 and built a Communist state on the […]
By Steve Holland | NEW YORK NEW YORK Under pressure to avoid any conflict of interest, President-elect Donald Trump said on Wednesday he will be leaving his far-flung business “in total” to focus on running the country and scheduled a Dec. 15 news conference to lay out his plan. Trump announced his plans in a series of tweets but did not explain exactly what he would be […]
Shares of Goldman Sachs Group Inc (GS.N) on Wednesday climbed to their highest levels since the financial crisis, as the bank benefited from a post U.S. presidential election rally. The stock reached $220.77 in late morning trading, returning to a point not seen since December 2007. Goldman was the biggest driver for the Dow Jones Industrial Average .DJI adding 56.2 points out of a net gain of […]
ABU DHABI // Heads of state and representatives from more than 40 countries will attend a conference in Abu Dhabi this weekend to ratify a global declaration on protecting endangered cultural heritage. The two-day conference, hosted by the UAE and France, will involve global cooperation for supporting a Unesco mandate to protect cultural heritage during armed conflicts. Participants will aim to safeguard historical sites and monuments that […]
Law Blog rounds up the morning’s legal news: Wisconsin recount: A Wisconsin judge refused to order local election workers to conduct the state’s upcoming presidential recount completely by hand. [AP, Reuters] Market-manipulation trial: A rare market-manipulation trial begins in a Manhattan federal court, as one of the biggest U.S. futures traders enters a risky showdown […] (via WSJ)
By Adama Diarra | SIKASSO, Mali SIKASSO, Mali A Malian court began a trial of former coup leader General Amadou Sanogo on Wednesday on charges of “complicity in kidnapping and assassination,” three and a half years after his junta was accused of killing 21 soldiers. Sanogo led a coup in March 2012 that deposed former President Amadou Toumani Toure and plunged Mali into chaos, enabling Tuareg rebels […]
Oil prices soared 8 per cent to $50 a barrel on Wednesday as Opec agreed to its first supply cut since prices started to plummet two years ago. The meeting is continuing as individual country allocations are hammered out, but sources said the main obstacles to the deal had been overcome. It will see the 13-member group reduce output by about 4.5 per cent, or 1.2m a […]
30 November 2016 Dubai: Emirates NBD, a leading bank in the region, was named ‘Banking and Finance Company of the Year’ at the prestigious Arabian Business Achievement Awards held yesterday (Monday, November 28, 2016). The bank was recognised for its pioneering efforts toward the digitisation of banking as well as its resilient performance in the past year. The Arabian Business Achievement Awards are adjudicated by an independent judging […]
Oil prices soared 8.6 per cent to above $50 a barrel on Wednesday after two of Opec’s most powerful members said they were hopeful of reaching the first deal to cut supplies since prices started to plummet two years ago. Khalid al-Falih, Saudi Arabia’s energy minister, said the cartel, which controls about a third of the world’s oil production, was moving “close” to a deal, as he […]
Javier Duarte, governor of the state of Veracruz, attends a news conference in Xalapa, Mexico, August 10, 2015 (Reuters/Stringer). Last June, Mexico elected new governors in twelve of its thirty-one states. As millions of voters went to the urns, corruption was a top concern (along with insecurity). Eight states saw the incumbent party kicked out; in four—Veracruz, Quintana Roo, Chihuahua, and Durango—the PRI lost for the first […]
Photo Prince Alwaleed bin Talal in Riyadh, Saudi Arabia, in 2015. In a four-page letter posted on his personal website, the prince argued that “it is high time that Saudi women started driving their cars.” Credit Fayez Nureldine/Agence France-Presse — Getty Images A prominent Saudi prince and business magnate has added his voice to the debate over women’s rights in his country, urging it to abandon its […]
Ulster Bank Parent RBS Fails Bank of England Stress Test “Royal Bank of Scotland (RBS)(RBS.L) will cut costs and sell assets to boost capital levels, it said on Wednesday after failing this year’s Bank of England stress test, which warned of a “challenging” outlook for Britain’s financial system. The state-backed lender rushed out a statement following the announcement to say it would take a range of actions, including […]
WASHINGTON President-elect Donald Trump’s pick for U.S. Treasury secretary, Steven Mnuchin, said on Wednesday the administration would target tax reform and trade pact overhauls as top priorities as they seek to achieve 3 percent to 4 percent economic growth. Mnuchin and Wilbur Ross, Trump’s nominee for commerce secretary, outlined their agenda, including what Mnuchin called the largest tax overhaul since the Ronald Reagan administration, in an interview […]
Qatar said it would provide $1.25 billion in aid to shore up Tunisia’s post-revolution economy as regional and Western partners pledged extensive financial backing at an investment conference on Tuesday. The money from Qatar, announced by the emir, Sheikh Tamim bin Hamad al-Thani, is the biggest single offer of aid to Tunisia since a 2011 uprising ushered in a democratic transition but also years of economic uncertainty […]
• Mountain Dew branded ride unveiled at IMG Worlds of Adventure. • PepsiCo announced as preferred beverages partner for the world’s largest indoor theme park in Dubai. UAE, Dubai – November 30, 2016: PepsiCo has unveiled the official grand entrance marquee of the Mountain Dew-sponsored “Predator” ride, at the newly opened IMG Worlds of Adventure. The global food and beverage company has also announced that it will […]
ICANN became independent on October 1, 2016 after the expiration of an 18-year contract to manage the technical functions of the internet address system which ensure that users arrive at certain websites The internet address system gatekeeper, independent after a split from the US government, is now in a phase where “the grassroots are in charge,” its top executive said Tuesday. Goran Marby, president and chief executive […]
Part of the reason for Donald Trump’s triumph in the US election was that, as he would say, his cyber was the strongest. In the first social media election, Trump rallied a world’s worth of hackers and extreme digital natives to his side. If he can keep that anarchic crowd on board, he’ll not only have the world’s best cybersecurity, he’ll have a cyber army. […]
By Jack Kim and Ju-min Park | SEOUL SEOUL South Korean opposition parties vowed on Wednesday to push ahead to try to impeach President Park Geun-hye amid a growing influence-peddling scandal, rejecting her offer to resign, and called on members of her Saenuri Party to join them. In a dramatic move that shifted the burden of resolving the crisis engulfing her presidency, Park asked parliament on Tuesday […]
5791 25 by Shannon K. O’Neil October 21, 2016 Brazil’s President Michel Temer, Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Chinese President Xi Jinping and South African President Jacob Zuma pose for a group picture during BRICS (Brazil, Russia, India, China and South Africa) Summit in Benaulim, in the western state of Goa, India, October 16, 2016 (Reuters/Danish Siddiqui). BRICS Fund InfrastructureAs commodity prices have […]
LONDON Outgoing CIA Director John Brennan has said it would be the “height of folly” for U.S. President-elect Donald Trump to tear up Washington’s deal with Tehran because it would make it more likely that Iran and others would acquire nuclear weapons. “It could lead to a weapons programme inside of Iran that could lead other states in the region to embark on their own programmes,” Brennan […]
Submitted by Kelli Sladick via Tenth Amendment Center, During the last eight years, the Obama administration failed to live up to its promise reverse the Bush era’s mass surveillance of American citizens. In fact, it was expanded and justified. If you were silent, the sweeping power controlled by the president may not be on your radar for the right reasons. While there is a deep fear resonating, […]
By Noah Barkin | BERLIN BERLIN Fear of globalisation is the most important factor in pushing European citizens towards populist right-wing parties and those fears are most acute in Austria and France, a survey by Germany’s Bertelsmann Foundation showed on Wednesday. The study showed that 55 percent of Austrians and 54 percent of French view globalisation as a threat, the only countries surveyed in which a majority […]
BEIJING China called on Wednesday on Taiwan to stay out of Hong Kong’s affairs, saying self-ruled Taiwan was “talking nonsense” about the former British colony and warning it not to damage Hong Kong’s stability. Chinese leaders are concerned about a fledgling independence movement in Hong Kong, which returned to mainland rule in 1997 with a promise of autonomy, and recent protests in the city. Beijing staged a […]
