Rolls-Royce is set to report the biggest headline loss in its history next week, as it absorbs the impact of its £671m settlement with regulators for past bribery and corruption as well as a weaker pound. The UK aero-engine company, which is seeking to recover from a turbulent few years marked by five profit warnings, will reveal a pre-tax deficit of £4bn for 2016, when it reports […]
Qatar Petroleum is the hidden giant of the global energy industry, overshadowed by its neighbor Saudi Aramco. Yet, the country’s colossal natural gas resources allow the state-run company to pump more oil and gas than Rosneft PJSC or Exxon Mobil Corp. After almost two decades of breakneck growth, the company needs to change tack. QP plans to expand abroad as domestic crude output declines and the government […]
Trump may be busy hosting Japan PM Shinzo Abe in Mar-A-Lago, as he tweeted moments ago… Melania and I are hosting Japanese Prime Minister Shinzo Abe and Mrs. Abe at Mar-a-Lago in Palm Beach, Fla. They are a wonderful couple! — Donald J. Trump (@realDonaldTrump) February 11, 2017 … but that did not prevent him from taking yet another jab at the US legal system, which he […]
Your daily guide to community and cultural activities across the Emirates for February 4, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Cultural exhibition In the latest iteration of the ongoing Emirati memory project, Lest We Forget, […]
European equity markets are warning of greater volatility in coming months, as the European Central Bank prepares to cut its stimulus programme and anxiety grows ahead of upcoming elections. Futures contracts in the Vstoxx — a measure of implied volatility for the benchmark Euro Stoxx 50 index — reflect expectations of a blip as after the ECB cuts its monthly bond purchases at the end of March […]
Traffic modeling has been of interest to mathematicians since the 1950s. Research in the area has only grown as road traffic control presents an ever-increasing problem. Generally, models for traffic flow in road networks are time-dependent and continuous, that is, they describe traffic by a continuum rather than as individual drivers or cars. These macroscopic models describe the temporal and spatial evolution of traffic density without predicting […]
By Mica Rosenberg and Lesley Wroughton | NEW YORK/WASHINGTON NEW YORK/WASHINGTON About 60,000 visas were revoked under U.S. President Donald Trump’s executive order temporarily halting immigration from seven Muslim-majority countries, the State Department said on Friday, in one of several government communications clarifying how the order is being rolled out. The revocation means the government voided travel visas for people trying to enter the United States but […]
Ingest, data prep, analysis, visualization and export. They’re all part of the Big Data analytics life-cycle. The good news? The market sports multiple product categories that handle each of these. The bad news: there are far fewer products that handle many of these areas together. It’s getting more complex too, as other big data lifecycle categories, like data lake management/data cataloging and Big Data operations/DevOps are emerging. […]
By Mike Stone | WASHINGTON WASHINGTON The Department of Defense and Lockheed Martin Corp (LMT.N) announced on Friday an agreement worth about $8.5 billion for 90 F-35 jets, the lowest price to date for the Pentagon’s most expensive program. The deal for the tenth lot of the stealthy fighter aircraft brings the price per jet to below $95 million for the first time, compared to $102 million […]
“The danger is that this is the first stage in an escalation that could culminate in a military confrontation between Iran and the United States, or Iran and Israel,” said Karim Sadjadpour of the Carnegie Endowment for International Peace. “The entire eight years of the Obama administration was an example of unprecedented but largely unreciprocated overtures for cooperation with Iran in the Middle East. The Iranians weren’t […]
A day of market gyrations and pressure for higher interest rates has forced the Bank of Japan to tip its hand by intervening to keep 10-year yields below 0.11 per cent. It is the first time the BoJ has turned last September’s “around zero per cent” cap on the 10-year yield into explicit action, with the central bank offering to buy an unlimited number of government bonds at […]
TOKYO Japanese Defense Minister Tomomi Inada said on Saturday she hoped a visit by U.S. Defense Secretary Jim Mattis to South Korea and Japan this week, his first overseas trip since taking office, would lead to deeper security ties. Inada spoke at the start of talks with Mattis, who on Friday reaffirmed Washington’s commitment to its mutual defence treaty with Japan when he met Prime Minister Shinzo […]
Fewer than 60,000 visas were provisionally revoked to comply with U.S. President Donald Trump’s travel ban affecting seven Muslim-majority countries, the State Department said on Friday. The immigration executive order signed by Trump a week ago temporarily halted the US refugee program and imposed a 90-day suspension on people traveling from Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen. Trump said the measures would help protect Americans […]
WASHINGTON The deputy director of the U.S. National Security Agency, the intelligence agency in charge of electronic surveillance and code-breaking, is retiring, an NSA spokesman said on Friday. Richard Ledgett, who just turned 59, will retire in the spring, spokesman Michael Halbig said in an emailed statement. “It has been anticipated that he would retire in 2017 and he decided the time is right this spring after […]
WASHINGTON/ANKARA Instead of tearing up the Iran nuclear deal, the Trump administration is exploring how to tighten its enforcement and renegotiate key terms, but it may prove impossible to get other major powers and Iran to consider revising the agreement. Under the 2015 accord between Tehran and six world powers, Iran agreed to curb its nuclear programme in exchange for relief from some U.S., European and U.N. […]
ABU DHABI // Forty-seven female students from UAE and Qatar, who are in Dundee at the Al Maktoum College of Higher Education’s, began a winter programme on multiculturalism and leadership skills on Friday. The UAE students, from the UAE University in Al Ain, who are enrolled in the programme which runs until March 3, met the chairman of the College’s board of directors, Mirza Al Sayegh during […]
The US on Friday imposed new sanctions on Iran as President Donald Trump followed up on his campaign pledge to take a tougher stance towards the Islamic republic. The Treasury department added 13 individuals and 12 companies — including Chinese, Lebanese and Emirati — to its sanctions list, freezing their assets under US control. Sean Spicer, White House spokesman, said the sanctions were a “very, very strong […]
By Yeganeh Torbati | WASHINGTON WASHINGTON The United States on Friday ratcheted up pressure on Iran, putting sanctions on 13 individuals and 12 entities days after the White House put Tehran “on notice” over a ballistic missile test. The move against Iran is the first by the U.S. government since President Donald Trump took office on Jan. 20 after vowing during his 2016 campaign to get tough […]
The White House has said that Israel’s settlement building programme “may not be helpful”, marking the Trump administration’s first public response to a construction spree on Palestinian lands announced by the government of Benjamin Netanyahu in recent days. The statement, issued two weeks before Mr Netanyahu is due to visit President Donald Trump in Washington, is a rap on the knuckles for the Israeli prime minister, who […]
Apple clinched $10bn of debt financing on Thursday as capital market activity remained robust, with Microsoft and AT&T also borrowing hefty amounts from investors this week. Apple’s latest bond sale follows a bumper start to the year for corporate and bank borrowings, with more than $185bn raised by investment-grade groups in the US, according to Dealogic. This week Microsoft borrowed $17bn in the largest bond offering of […]
By Parisa Hafezi | ANKARA ANKARA Many Iranians who dreamt of quiet, comfortable lives after a nuclear deal with world powers in 2015 are starting to worry for the first time in decades they might be bombed in their own homes. Since taking office last month, U.S. President Donald Trump has pledged to get tough with Iran, warning the Islamic Republic after its ballistic missile test on […]
Dubai, UAE, 3 February 2017: Dubai Electricity and Water Authority (DEWA) annually celebrates the National Environment Day on 4 February, along with the public and private sectors and civil society organisations, to express their continuous interest and obligation to protect the environment and achieve the sustainable development. This adheres to the UAE Vision 2021, to create a sustainable environment in terms of air quality, conserving water resources, […]
European stocks and S&P futures rose modestly ahead of January US payrolls data, along with the dollar, while Asian shares dropped after China returned from a week-long holiday. Bonds slid, oil rose while the JGB intervened in the bond market to prevent a bond rout, in one of two major surprises during the Asian session. As reported last night, having closed at 0.109% yesterday the 10y JGB […]
The vital survival skills taught to young British merchant marine cadets during the Second World War through the Outward Bound educational initiative might seem redundant in the safe harbour of the UAE, but its newest international chapter is already delivering unique, life-changing experiences to young people from across the Emirates. Outward Bound UAE was set up in December 2016 to provide Emirati and expatriate youth with practical […]
