The US government bond market suffered a renewed sell-off and the dollar powered to a fresh 13-year high on Wednesday, as stronger economic data bolstered the case for an interest-rate increase and reinforced the view that the multi-decade bond bull market has reached a turning point. The Republican sweep of the White House and Congress, coupled with president-elect Donald Trump’s promise to unleash a $1tn economic stimulus […]
By Lucia Mutikani | WASHINGTON WASHINGTON New orders for U.S. manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, the latest indication of an acceleration in economic growth early in the fourth quarter. The brightening economic outlook received a further boost from other data on Wednesday showing a jump in consumer sentiment this month following the election of […]
An experimental Alzheimer’s medicine has flunked a large clinical trial, wiping more than $10bn off the market value of its developer Eli Lilly and dealing a significant setback to the hunt for a drug to delay the fatal disease. Investors and analysts had tipped the medicine, known as Solanezumab, or Sola, to be the first drug that could delay dementia in Alzheimer’s patients, after earlier studies appeared […]
At the Bundesbank’s Frankfurt offices, its dealers sit in front of rows of Bloomberg and Reuters terminals and search for €10bn-worth of their government’s bonds to buy each month. As prices for the debt hit record highs earlier this year, they struggled to find bonds cheap enough to meet their target, set as part of the European Central Bank’s quantitative easing programme. Now, as investors anticipate higher […]
Mexico can expect a windfall of as much as $2.9bn next month from its annual oil hedging programme, but that will be dwarfed by an expected bonanza from the central bank that could pour close to $20bn into government coffers in April, analysts say. For a government facing bitter spending cuts, an increasingly uncertain economic outlook, sharply lower growth prospects next year and the threat of a […]
There’s always a real buzz in Abu Dhabi around the time of the Grand Prix and whether you’re a fan of Formula One, or not, there’s plenty to see and do. We have rounded up some of the best ways to get involved in the hype without hotting the grandstands. F1 FanZone If you’re not in the stands at Yas Marina Circuit, the next best place to […]
The report comes as part of the Ministry’s contribution to UAE Innovation Week 2016 H.E. Noura Al Kaabi: We are always looking to draw lessons from our experiences; this report allows us to look back on our processes and plans and build on them to keep improving our electoral process moving forward Abu Dhabi, November 23, 2016 The Ministry of State for Federal National Council (FNC) […]
South Korea on Wednesday signed a military intelligence-sharing pact with Japan aimed at better managing the threat from North Korea’s increasingly active missile and nuclear weapons programmes. The deal, which comes as Seoul scrambles to adjust to the region’s shifting geopolitical landscape, has faced fierce domestic opposition from critics who slam it as an example of embattled President Park Geun-hye’s unilateral decision-making. Ms Park is embroiled in […]
There is no denying the fact that one of the most significant new features and additions in Apple’s latest MacBook Pro iteration is the Touch Bar Display. This new feature moves a few buttons near the screen and replaces the traditional Fn row of keys. Whatever the public opinion is about the usefulness of the controversial Touch Bar Display on the most recent MacBook Pro, one thing certain […]
|By Arabian Post Staff| Etihad airline is in talks to take a stake in Germany’s Air Berlin subsidiary Niki, which is an Austrian-based leisure operator, media reports quoting insiders said. Niki is being spun off and merged with another player, it was stated. Bloomberg said Etihad’s stake holding in Niki will be as a prelude to combining it with TUI AG’s German airline unit. The valuation will […]
newslide Exhausted Kanye West hospitalised Rapper Kanye West was reportedly hospitalised in Los Angeles on Monday and is said to be suffering from exhaustion. The news broke just hours after he abruptly cancelled the remainder of his tour following a week of no-shows, curtailed concerts and political rants. A source told People magazine West was “exhausted and currently dealing with sleep deprivation” but was “fine”. Concert promoters […]
The film had been pilloried by conservative Christians for a dream sequence in which Christ has sex with Mary Magdalene. In depicting Christ’s life as a doubt-ridden struggle between his human and divine natures, Scorsese had intended to make a film that was at once an act of doubt and an act of faith. In the novel he was reading, the priest was shown profaning an image […]
After a flurry of rumors, OnePlus 3T has already hit the market. Now, does it live up to the hype? The tech world is already testing, scrutinizing and possibly tearing the device down or subjecting it to some cruel torture — all to bring the public the most revealing insights about this new piece of technology. Reviews are coming out of the press as we speak and […]
Submitted by John Whitehead via The Rutherford Institute, “We Americans are the ultimate innocents. We are forever desperate to believe that this time the government is telling us the truth.”—Former New York Times reporter Sydney Schanberg Let’s talk about fake news stories, shall we? There’s the garden variety fake news that is not really “news” so much as it is titillating, tabloid-worthy material peddled by anyone with […]
By Saikat Chatterjee | HONG KONG HONG KONG Asian stocks struck one-week highs with investors undeterred by a powerful earthquake in Japan on Tuesday, but after Wall Street closed at a record peak they were also wary of chasing prices higher until President-elect Donald Trump picks his economic team. Crude oil extended gains in Asian trading with U.S. West Texas Intermediate (WTI) up 1 percent in early […]
Photo A cemetery on the outskirts of Gaziantep, Turkey. Grave No. 38487 holds the body of a 4-year-old girl who died of wounds she received when a shell containing sulfur mustard agent hit her home in Marea, Syria. Credit Bryan Denton for The New York Times WASHINGTON — The Islamic State has used chemical weapons, including chlorine and sulfur mustard agents, at least 52 times on the […]
WASHINGTON U.S. President-elect Donald Trump released a video on Monday laying out actions he will take on his first day in office on Jan. 20, including withdrawing the United States from a Trans-Pacific Partnership trade deal. Trump also said he would issue a rule cutting government regulations, direct the Labor Department to investigate abuses of visa programs, and cancel some restrictions on energy production, including shale oil […]
Mylan NV (MYL.O) has declined a U.S. Senate committee request to testify about a $465 million pending settlement to resolve charges the company underpaid government healthcare programs by misclassifying its the EpiPen emergency allergy treatment. In a Nov. 18 letter to the Senate Judiciary Committee released on Monday, Mylan said the company would not attend since government agencies had also refused to testify. Senator Chuck Grassley, who […]
Boosting spending on infrastructure and improving education could relieve some of the burden on the US central bank to support the economy, a top policymaker said on Monday amid speculation that Congress could push through a fiscal expansion after years of budgetary restraint. Stanley Fischer, vice-chairman of the Federal Reserve Board, said that the central bank did not need to be the only game in town and […]
Samsung kicked off the Android 7.0 Nougat beta program for its flagship Galaxy S7 edge and Galaxy S7 smartphones in early November. Thanks to the beta program, users of the handsets in the United States, China, the UK and South Korea could register and get access to the firmware’s beta version once they were selected. Those excited by the news will be a little disheartened to know that […]
By Timothy Aeppel and Mai Nguyen American companies from appliance makers to auto parts suppliers have lined up to offer a quiet caution to President-elect Donald Trump as he considers pulling the United States from trade deals: most lost manufacturing jobs aren’t coming back, but higher costs for consumers could. Consider the sneaker industry, one of the first to move to Asia because of the sharply lower […]
Theresa May has set out the terms of a new grand bargain with business, where the government invests to boost productivity and cuts corporation tax, in exchange for help tackling the worst excesses of capitalism. Setting out her business strategy, the UK prime minister proposes in the Financial Times a pact with corporate Britain to work together to defend capitalism, free markets and free trade from populist […]
Submitted by Stephen Miller via HeatSt.com, The mainstream media continues to freak out over the spread of “fake news” on Facebook and other social media platforms such as Twitter and reddit. Hillary Clinton’s late campaign thinks this is a problem. The Democrat party seems to think people with Facebook accounts are to blame for Hillary’s decision to ignore crucial swing states in the final weeks of the campaign, that likely cost her […]
21st November, 2016 Abu Dhabi, UAE GCAA is organising a visit of the future of UAE nationals in the Air Navigation Service provision to Sheikh Zayed Air Navigation Centre from 21st -24th November as part of its participation in the UAE innovation week, aiming to enhance the culture of innovation among UAE national students. H.E Saif Mohamed Al Suwaidi, Director General of GCAA said: “During the innovation […]
