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By Tom Westbrook | SYDNEY SYDNEY The ability of Australian telecoms company Telstra Corporation (TLS.AX) to offset the fall in its traditional revenue streams by diversifying into a range of technology and other businesses is in doubt. So far, Telstra’s funding of 44 startups since 2013, the A$235 million ($175 million) spent acquiring 18 health-related companies, the purchase of more than 30 companies by its venture-capital division, […]

Chinese electronics company Xiaomi witnessed a clear decline in its smartphone profit lately. The company, however, is not afraid of the drop, as it announced it derives its profits from other products aside from smartphones. Furthermore, company executives believe that the regression in its smartphone trade would have no significant negative impact to the company. Despite experiencing a fallback in terms of revenue as of late, Xiaomi […]

ABU DHABI // Even though Sunday was a working day, there was a holiday atmosphere on Yas Island where thousands of fans flocked to the big race. Marie Jacob, 35, from South Africa, travelled from Dubai with her friends to watch the race, arriving about 3pm. “I am too excited and it’s one of the most thrilling races in the world,” she said. Ms Jacob has been […]

Not content with arresting or firing any potential source of domestic political opposition, Turkey’s president Erdogan is targeting foreign journalists. Having previously arrested dozens of Turkish journalists after the failed July “coup” attempt led to a nationwide crackdown on the media, overnight the Turkish government detained reporters working for BBC and Voice of America in southeastern Turkey. Turkey media crackdown broadens to foreign outlets. Local BBC & […]

By Nelson Acosta and Ana Isabel Martinez | HAVANA HAVANA Cuba’s most prominent dissident group called off its weekly protest march for the first time in 13 years on Sunday following the death of its nemesis Fidel Castro, the revolutionary leader whose passing has cast a pall over the island. Castro, a world figure who built a communist state on the doorstep of the United States and […]

JERUSALEM — The Israeli military said it had killed four militants linked to the Islamic State on Sunday after they attacked Israeli forces in the Golan Heights. The confrontation appeared to be the first of its kind between Israel and Islamic State-affiliated forces based in Syria. It was not immediately clear if the militants’ attack was spontaneous or if it signaled a possible change of policy by […]

Our round-up of the week’s best comment and analysis from the Financial Times focuses on how infrastructure and fiscal policy shake-ups will play out for investors in the light of the current “Trumpflation” market rallies. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Infrastructure spending is the new zeitgeist of our age but we should have […]

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JOHANNESBURG The new head of South Africa’s anti-graft unit, which this month alleged influence-peddling in President Jacob Zuma’s cabinet, has laid a complaint against her predecessor for leaking a recorded interview with the president, newspaper Sunday Times reported on Sunday. Former watchdog Thuli Madonsela has said she had the right to make public the audio recording after Zuma accused her of not giving him an opportunity to […]

Today we learn of yet another campus full of disaffected Hillary snowflakes who were triggered by a post-it note suggesting that they should stop whining about the election and just “suck it up, pussies.”  This latest example comes to us from Edgewood College in the ultra-liberal bastion of Madison, Wisconsin via Campus Reform. Apparently the simple post-it note was determined to be a “hate crime” by the […]

November 27, 2016 by: Anne-Sylvaine Chassany in Paris French voters were heading to the polls on Sunday in a primary run-off contest predicted to give François Fillon the centre-right nomination and a good chance of becoming president of France next year. Mr Fillon, the former prime minister who unexpectedly surged to pole position with 44 per cent of the votes in a first round last Sunday, is […]

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Seven states passed ballot initiatives easing marijuana laws this year, four of them legalizing it for recreational use. But some in the nascent, if growing marijuana industry fear President-elect Donald Trump’s nomination of Sen. Jeff Sessions for attorney general will hinder progress toward legalization. The Alabama Republican senator has been outspoken in his opposition to […] (via WSJ)

Israeli aircraft killed four Islamic State-linked gunmen on Sunday after they fired mortars and shot at troops patrolling along the occupied Golan Heights, the military said. Israel has often responded to errant fire from the Syrian civil war, but exchanges of fire with gunmen on the Golan have been rare since the fighting began more than five years ago. The militants fired at the Israeli soldiers, who […]

Here are the big questions we are asking at FT Markets into the week when the calendar flips over into December. Will Opec deliver a meaningful production cut? All eyes are on Vienna and Opec’s annual gathering with a keenly awaited decision on production levels. An Opec deal on Wednesday that delivers a concrete supply reduction of at least 1m barrels a day, with non-members such as […]

DUBAI Iran may seek to set up naval bases in Yemen or Syria in the future, as distant footholds might be more valuable militarily than nuclear technology, the chief of staff of the Iranian armed forces said in remarks published on Sunday. “We need distant bases, and it may become possible one day to have bases on the shores of Yemen or Syria, or bases on islands […]

“We have lost everything, our infrastructure, and we have nothing left to lose,” he said. “Now it is a long war of attrition.” Photo A nonfunctioning cement factory in Amran, Yemen, that was bombed twice by the Saudi-led coalition. Credit Tyler Hicks/The New York Times The Houthis’ control of such key territory has made them essential to international efforts to end the conflict, leaving policy makers and […]

By Simon Gardner and Ana Isabel Martinez | HAVANA HAVANA From the Bay of Pigs invasion to a historic visit by President Barack Obama to Havana, Cubans have known for generations that whenever the United States turns its face to Cuba, Fidel Castro would be staring right back. But the death of “El Comandante” has added to worries among Cubans that U.S. President-Elect Donald Trump will slam […]

U.S., Peru seize $30 million in fake dollars, biggest bust ever | Reuters ‘+Reuters.inlinevideo.title+’ ‘+Reuters.inlinevideo.length+’ ‘); } WASHINGTON U.S. and Peruvian agents have seized a record $30 million in counterfeit dollars in the biggest netting of fake greenbacks ever by the U.S. Secret Service, the agency said on Thursday. The stash was discovered when more than 1,500 Peruvian police, along with Secret Service agents, carried out searches […]

By Ian Simpson and Roberta Rampton | WASHINGTON/WEST PAlM BEACH, Fla. WASHINGTON/WEST PAlM BEACH, Fla. Democrat Hillary Clinton’s campaign will take part in a recount of Wisconsin votes in the U.S. presidential race, an effort Republican winner Donald Trump called “ridiculous” on Saturday. Wisconsin’s election board on Friday approved the recount requested by Green Party candidate Jill Stein. She has said she wants to guarantee the integrity […]

Sweden-based telecommunications company TeliaSonera said it received notice from Swedish prosecutors it could face fines and possible forfeiture related to an investigation of former employees under investigation in an alleged bribery and money laundering case in Uzbekistan. Bloomberg News Telia-branded flags and an illuminated logo are seen through a window at a Telia phone store, operated by TeliaSonera AB, in Stockholm, Sweden. “Due to the current preliminary […]

WEST PALM BEACH, Fla. U.S. President-elect Donald Trump on Saturday called a request for a recount of votes in Wisconsin a “scam” by the Green Party and said even his Democratic challenger Hillary Clinton had said the election results should be accepted. “This is a scam by the Green Party for an election that has already been conceded, and the results of this election should be respected instead […]

Nov 24, 2016 10:02 am IST President-elect Donald Trump has chosen the first women for posts in his administration, picking South Carolina Gov. Nikki Haley to serve as the U.S. ambassador to the United Nations and school-choice advocate Betsy DeVos as his secretary of education, his transition team said Wednesday. Ms. Haley long held reservations about Mr. Trump’s candidacy during the GOP primary, and endorsed both Sens. […]

Sheikh Mohammed bin Zayed Al Nahyan Crown Prince of Abu Dhabi Deputy Supreme Commander of the UAE Armed Forces, and Khaldoon Khalifa Al Mubarak, CEO and Managing Director of Mubadala and Chairman of the Abu Dhabi Executive Affairs Authority, meet with Bernie Ecclestone, President and CEO of Formula 1, on the second day the 2016 Formula 1 Etihad Airways Abu Dhabi Grand Prix. Ryan Carter / Crown […]

KUALA LUMPUR Malaysian Prime Minister Najib Razak said on Sunday that he will “not necessarily” call a snap election next year, amid talk that he would seek an early vote as splits in the opposition have hobbled efforts to oust him over a long-running financial scandal. The multi-ethnic Southeast Asian country is due to hold an election by August 2018, and a government official has told Reuters […]

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