Authored by Federico Pieraccini via The Strategic Culture Foundation, With Moon Jae-In’s victory in South Korea, the period of tension on the Korean Peninsula is likely to end. With the rise to power of the new president, South Korea can expect a sharp decline in hostilities with North Korea as well as a resumption of dialogue with China. An expected and highly anticipated victory was confirmed in South Korea on […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices jumped 1.5 percent on Monday after the energy ministers of the world’s two biggest producers Saudi Arabia and Russia jointly said that a crude production cut would be extended from the middle of this year until March 2018. Brent crude was at $51.58 per barrel at 0621 GMT, up 74 cents, or 1.46 percent, from its last close and […]
The Samsung Galaxy J3 is a decent budget phone, complete with a 5-inch HD Super AMOLED display, a decent Exynos 3475 chip, and 1.5 GB of RAM. Its slightly better successor, the 2017 edition of the J3, is now up for sale via AT&T, launching quietly without much fanfare. The Galaxy J3 (2017) now sells for a no-contract price of $179.99, but if you’d rather opt for […]
By Hyunjoo Jin | YONGIN, South Korea YONGIN, South KoreaSouth Korean engineer Kim Gwang-ho flew 11,000 km (7,000 miles) to Washington last year to do something he never dreamed he would: he reported alleged safety lapses at Hyundai Motor Co – his employer of 26 years – to U.S. regulators. Citing an internal report from Hyundai’s quality strategy team to management, Kim told the U.S. National Highway […]
Dubai has secured $3 billion credit facilities for the expansion of its two airports. The Department of Finance for the Government of Dubai, the Investment Corporation of Dubai and Dubai Aviation City Corporation, advised by HSBC, announced the funding agreement and the establishment of Airport Financing Company FZE (FINCO), the long-term funding platform for Dubai Airports, according to news agency WAM. The financing will be used for […]
Oil prices jumped after the energy ministers from Saudi Arabia and Russia said they backed extending an Opec-led agreement to cut output until March 2018. Saudi energy minister Khalid al-Falih and his Russian counterpart Alexander Novak met on Monday in Beijing and discussed oil output policy. Russia is the world’s biggest oil producer, while Saudi Arabia is the biggest exporter. The two ministers said in a joint […]
In November, Mr. Sadeghi gave a speech in Parliament accusing the head of the judiciary, Sadegh Amoli-Larijani, of maintaining a secret bank account to collect diverted public funds. After the speech, representatives of the judiciary tried to arrest him, but were stopped when dozens of people gathered in front of his house to protect him. Continue reading the main story Nevertheless, change for Mr. Sadeghi and many […]
By Jeremy Wagstaff and Dustin Volz | SINGAPORE/WASHINGTON SINGAPORE/WASHINGTON Asian governments and businesses reported some disruptions from the WannaCry ransomware worm on Monday but cybersecurity experts warned of a wider impact as more employees turned on their computers and checked e-mails. The ransomware that has locked up more than 200,000 computers in more than 150 countries has been mainly spread by e-mail, hitting factories, hospitals, shops and […]
A report from the Office of the Australian Information Commissioner (OAIC) has revealed that only 53 percent of people it surveyed were able to nominate an organisation to report the misuse of their information to. The OAIC said that when asked, only 47 percent admitted awareness of a Privacy Commissioner — either federal or state level — but a mere 7 percent said they would report misuse […]
WASHINGTON President Donald Trump is trying to determine how keeping his promise to move the U.S. Embassy in Israel to Jerusalem could affect his hopes of brokering a peace deal between the Israelis and the Palestinians, his secretary of state said on Sunday. Since taking office in January, Trump has shown signs of shelving his campaign pledge to move the embassy from Tel Aviv, while vowing to […]
Oil jumped after the energy ministers from Saudi Arabia and Russia said that an OPEC-led agreement to cut output should be extended until March 2018. Saudi energy minister Khalid Al Falih and his Russian counterpart Alexander Novak discussed oil output policy in Beijing after which they made a joint statement. Mr Falih said the next round of cuts will be on the same terms as the first […]
While equity volatility has collapsed to record lows (amid the biggest increase in net VIX shorts in 9 months), positioning across bond, FX, money market, and commodity markets has been shifting massively in recent weeks. As US Macro data has crashed to its weakest and most negative in 12 months… US equity complacency has hit record lows… As Speculators add to VIX shorts by the […]
BAGHDAD U.S.-backed Iraqi forces pushed deeper into the last pocket of Mosul controlled by Islamic State militants on Sunday as the battle for the city approaches an end after seven months of gruelling urban combat. The militants have now been dislodged from all but a handful of districts in the western half of Mosul including the Old City, where Islamic State is expected to make its last […]
The ransomware attack caused chaos last week around the world, including at hospitals in the UK. sudok1, Getty Images/iStockphoto The global ransomware attack that caused chaos could spring back to life again as workers return to the office, experts have warned. While ransomware has been a growing menace for some time, this particular attack is without parallel, largely because the ransomware was combined with a worm-like functionality […]
Abu Dhabi // Sheikh Mohammed bin Zayed will hold talks at the White House with Donald Trump on Monday to discuss enhancing cooperation on counterterrorism, confronting Iran and other core issues in the increasingly close relationship. Over the course of what is expected to be a two-day visit to Washington, Sheikh Mohammed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, is also […]
Chancellor Angela Merkel’s conservatives won a surprise victory on Sunday in regional elections in Germany’s most populous state, giving Europe’s most powerful leader a big boost in the run-up to national elections in September. The Christian Democrats took control of North Rhine-Westphalia from their Social Democrat rivals, dealing a heavy blow to SPD leader Martin Schulz as he bids to unseat Ms Merkel in Berlin. Meanwhile, the […]
By Dustin Volz and Eric Auchard | WASHINGTON/FRANKFURT WASHINGTON/FRANKFURT U.S. and European officials scrambled to catch the culprits behind a massive ransomware worm that caused damage across the globe over the weekend, stopping car factories, hospitals, shops and schools, as Microsoft pinned blame on governments for not disclosing more software vulnerabilities. The attack, which leveraged malicious software that security researchers widely believe was stolen from the U.S. National […]
President Uhuru Kenyatta of Kenya has called on China to rebalance an increasingly skewed trade relationship between Africa and the rising superpower, arguing that Beijing must do more to tackle a widening trade deficit. Africa’s trade balance with China has moved decisively into deficit due to a fall in the price of many African commodities, such as oil, copper, iron ore and cocoa. In 2015, the most […]
Having single-handedly hounded Home Capital Group – the company which we predicted in 2015 would be “ground zero” for any potential Canadian financial crisis, and has emerged as the Canada’s equivalent to the infamous New Century which in 2007 presaged the upcoming global financial crisis – into near oblivion, noted chicken-farmer and short-seller, Marc Cohodes, over the weekend revealed the full details behind his latest short thesis: […]
In this May 12, 2017 photo, a display panel with an error can be seen at the main railway station in Chemnitz, Germany. Germany’s national railway says that it was among the organizations affected by the global cyberattack but there was no impact on train services. Deutsche Bahn said early Saturday that departure and arrival display screens at its stations were hit Friday night by the attack. […]
BERLIN German Chancellor Angela Merkel’s conservatives scored a major upset in a key state election on Sunday, finishing ahead of the ruling Social Democrats (SPD) and boosting their hopes of retaining power in September’s federal vote, an ARD TV exit poll showed. The Christian Democrats (CDU) saw a strong surge of support in Germany’s most populous state of North Rhine-Westphalia (NRW), where the SPD has ruled for […]
The Federal Reserve is actively considering a profound change in US monetary policy, in effect the reversal of quantitative easing (QE). In its March meeting, the FOMC discussed its strategy for the future run down of its balance sheet, and said that further debate would take place in upcoming meetings. The FOMC has already concluded that “a change in the Committee’s reinvestment policy would likely be appropriate […]
By Suleiman Al-Khalidi | AMMAN AMMAN More than 1,500 rebels and their family members left the devastated district of Qaboun on the edge of the Syrian capital Damascus after more than two months of aerial strikes and artillery shelling, rebels and state media said on Sunday. The rebels had agreed overnight to a secret evacuation deal after being cornered in a small pocket of Qaboun, which lies […]
Wells Fargo & Co (WFC.N) may have opened as many as 3.5 million unauthorized customer accounts, far more than previously estimated, according to lawyers seeking approval of a $142 million settlement over the practice. The new estimate was provided in a filing late Thursday night in the federal court in San Francisco, and is 1.4 million accounts higher than previously reported by federal regulators, in what became […]
