Tuesday 02:20 GMT Overview Stock markets across Asia were largely on the back foot, with investors in the Japanese market treading particularly cautiously despite the yen weakening and the Bank of Japan keeping monetary policy meeting steady, as expected. Hot topic Global financial markets were beginning to quiet down in the lead-up to Christmas. Despite attacks in Germany and Turkey on Monday that added to geopolitical unease, […]
Jim Cramer looked a little worried this evening, during his Maddening Money programme. All throughout the elections, the establishment elite, globalist shills, underestimated Trump’s desires to make America great again. With today’s electoral college win and Trump’s persistent lack of subservience to China, the shills on Wall Street are starting to wonder if it’s really happening. It really is this time, happening that is. In the brief […]
WASHINGTON A 38-year-old Chinese man pleaded guilty on Monday to charges that he stole numerous sensitive military program documents from United Technologies Corp (UTX.N) and transported them to China, the U.S. Justice Department said. Yu Long pleaded guilty to one count of conspiracy to engage in the theft of trade secrets to benefit a foreign government and one count of unlawful export and attempted export of defence […]
If not for his colleague’s warning, the consequence could have been dire for Mr Muhamad Rozaidy. She called out: “Careful, there’s an oncoming vehicle!” Mr Rozaidy, 31, reacted quickly and drove his Kia Pregio from the middle to the left lane. Seconds later, a silver Mercedes blitzed past them against the traffic at a speed that he estimated was about 120kmh. He told The New Paper that […]
(Image: file photo) Cloud storage giant Box won’t say how many times it has turned over customer data to the government. The company’s policy stands out from the cloud storage crowd, including Google, Amazon, Microsoft, and Dropbox, which along with other every internet and phone company in the Fortune 500 provide a biannual transparency report detailing the number of government requests and secret orders they receive. A […]
SEATTLE Boeing Co’s (BA.N) commercial airplanes unit said on Monday it would cut more jobs in 2017 after slashing the workforce by 8 percent in 2016 as it battles to sell planes. The job cuts come as Boeing and rival Airbus (AIR.PA) face slowing demand for new aircraft, particularly twin-aisle jetliners such as the Boeing 777 and Airbus A330. Boeing said last week that it would cut […]
As we celebrate the completion of another trip around the sun, and prepare to start the next one, the festive television season is shifting into high gear. Grab your remote – we’ve got more than enough TV treats to enjoy as you relax on the sofa after all the preparation and socialising. Pop that gourmet corn, rip open a box of chocolate and enjoy a wide range […]
German short-term interest rates dropped to a fresh record low on Monday as traders anticipated the effect of New Year policy changes announced by the European Central Bank this month, at a time when market activity begins to ebb in the final days of the year. The yield on two-year Bunds fell to as low as minus 0.82 per cent on Monday, in a sign of demand […]
Bank supervision and anti-money laundering standards need to be toughened in global geopolitical hotspots as a way of tackling the recent decline in so-called correspondent banking, a global group of policymakers has said. The Financial Stability Board, the group of policymakers and regulators that makes recommendations to the G20 nations, said on Monday that its members should assist other countries in drafting legislation and training supervisors to […]
Bank also aims to raise interest in Emirati youth to pursue banking and financial careers Dubai, 19 December, 2016 Emirates NBD, a leading bank in the region, has launched a brand new edutainment mobile simulation game, ‘Banki’ in its efforts to promote financial literacy in the UAE. Through its highly engaging and informational interface, Banki will target the nation’s youth to become economically aware at a young […]
19 December 2016 Dubai: Rixos The Palm Dubai has experienced a 12 percent increase in occupancy rates in 2016 as compared to the previous year reaching the target of 90 percent. Rixos The Palm Dubai is one of the most sought after luxury hotels in the UAE by UAE citizens and residents, GCC nationals and residents and many other travelers from around the world. The influx of […]
SHAH ALAM: Malaysia is of the opinion that only consistent unity among the 10 ASEAN countries can ensure any dispute in the region, especially involving the South China Sea is free from geopolitic intervention by the world’s superpowers. Defence Minister Datuk Seri Hishammuddin Tun Hussein said ASEAN countries must continue to strengthen their relationship to prevent the occurrence of any disputes that may affect harmony, peace and […]
By Brenda Goh, Allison Lampert and Brad Haynes | SHANGHAI/MONTREAL/SAO PAULO SHANGHAI/MONTREAL/SAO PAULO New rules governing Chinese airline startups are fueling hopes at Embraer SA (EMBR3.SA), Bombardier Inc (BBDb.TO) and other regional jet makers for a spike in orders next year, but local competition and doubts about size restrictions still loom as major obstacles. The new policy is aimed at encouraging fledgling carriers to boost domestic flights […]
A medical programme has launched in Sudan to provide treatment to children suffering from congenital heart diseases. The Mohammed bin Rashid Al Maktoum Global Initiatives programme aims to treat children in their home country so they do not have to be separated from their families. Hamad Al Junaibi, the UAE Ambassador in Sudan, praised the Nabadat team, saying it would further ties of brotherhood between the two […]
The Middle East mobile phone market suffered its third consecutive quarter-on-quarter decline between July and September, according to the latest figures announced by IDC. Shipments in the region totalled 23.8 million units, down 0.7 percent on the 23.9 million units shipped in Q2 and 19.4 percent on the corresponding period last year. IDC said that given that the quarter-on-quarter decline in Q2 was much steeper at 8.5 […]
Underlines the Importance of Strengthening Partnership with the Private Sector to Achieve Strategic Objectives in the UAE Dubai, UAE: December 18, 2016 The Ministry of Climate Change and Environment launched the ‘Environment and Business Majlis’, aimed at boosting the private sector’s contribution and guided private companies to be aligned with the government’s environmental strategies and create new investment opportunities that involved the ministry and the private sector. […]
By David Morgan | WASHINGTON WASHINGTON A top aide to Hillary Clinton’s presidential campaign said on Sunday it was an “open question” whether President-elect Donald Trump’s advisers colluded with Russia to hack into Democratic Party emails to try to sway the Nov. 8 election. Clinton campaign chairman John Podesta said there was evidence that Trump associates had contact with a Russian intelligence official and the website Wikileaks […]
Iran has shown commitment to the deal on its nuclear programme agreed with world powers, the head of the United Nations atomic energy watchdog said on Sunday, following complaints by Tehran over what it calls a US violation of the accord. The White House said on Thursday that a bill extending US sanctions against Iran for 10 years would become law without President Barack Obama’s signature, adding […]
MANILA, Philippines – Hours after threatening to scrap the country’s Visiting Forces Agreement (VFA) with the United States after the US-led Millennium Challenge Corp. deferred voting on its assistance to the Philippines, President Duterte imposed one condition on Washington if it would want the deal retained. “You want to come back here? You pay us. You want bases here? Pay us. Transaction tayo, pera-pera na lang tayo, […]
ABU DHABI // The UAE has delivered four pillars of its 2030 global space agenda, a forum hosted by the UAE Space Agency and the United Nations heard on Sunday. The Dubai Declaration underlines the role of space exploration as a driver of innovation and international cooperation and sends a message that roles of women and young people in the space industry must be strengthened. “This declaration […]
Wall Street is bathing in nostalgia. This week the cover of Barron’s, the bible of US retail investors, proclaimed “Dow 20,000”. Presenters on CNBC are wearing Dow 10,000 caps first donned in 1999. And each day the thinning crowds on the floor of the New York Stock Exchange have watched the boards to see if the Dow Jones Industrial Average, having passed 19,900, can top the 20,000 […]
DUBAI Iran has shown commitment to the deal on its nuclear programme agreed with world powers, the head of the United Nations atomic energy watchdog said on Sunday, following complaints by Tehran over what it calls a U.S. violation of the accord. The White House said on Thursday that a bill extending U.S. sanctions against Iran for 10 years would become law without President Barack Obama’s signature, […]
Facebook on Thursday unveiled a multi-part plan to fight fake news that includes teaming up with fact-checkers in the United States to cut down on the reach of bogus stories. The plan (which Poynter’s International Fact-checking Network is involved with) represents the first time Facebook has given fact-checkers the ability to verify news on its platform, and comes after months of public debate about the social media […]
18 December 2016 Dubai: The Ministry of Finance (MoF) signed a Memorandum of Understanding (MoU) with Dubai Islamic Economy Development Centre to exchange experiences and coordinate on matters related to the strategic plan for ‘Dubai the Capital of Islamic Economy 2017-2021’, in order to strengthen the UAE’s position and enhance the Emirate of Dubai as the capital of the Islamic economy. The Dubai Islamic Economy Development Center […]
