By Rory Carroll | LOS ANGELES LOS ANGELES Whether U.S. President Donald Trump will travel to Peru in September to promote Los Angeles’ 2024 Olympics bid is an open question but many believe the controversial leader would do more harm than good as the city vies with Paris for the Games. Trump’s executive order to temporarily ban travel from six Muslim-majority countries, which is currently being reviewed […]
By Chris at www.CapitalistExploits.at What in God’s name is happening? It’s not a high. It’s a record high. Sweet mother of Mary… As we can see from the above chart courtesy of the FT, emerging markets sold a record amount of government debt in the first quarter of this year. More from the FT here: “Data from Dealogic, a research firm, show that sovereign bond sales from emerging markets rose […]
Greece inched closer to a return to public market finance for at least part of its Sisyphean debt burden this week, with benchmark bond yields dropping to levels seen when the country last issued new debt three years ago. Enthusiasm for the small portion of Greek debt held in private hands and available to trade followed a long-delayed agreement on fiscal and structural reform measures with European […]
NEW YORK/BOSTON Some of the biggest U.S. mutual and hedge funds, including Daniel Loeb’s Third Point and Daniel Och’s Och-Ziff Capital Management (OZM.N), owned stakes in Snap Inc (SNAP.N), parent of the wildly popular Snapchat messaging app, at the end of March, regulatory filings on Friday showed. The filings provide the first definitive snapshot on who bought Snap shares when it went public in early March, in […]
Thailand has given social network operator Facebook until next Tuesday to block illegal content from its site, or face charges under the Computer Crime Act. The country, which has strict lese majeste laws, has detained several social media users since last month, after warning netizens against liking and sharing posts by three of the monarchy’s known critics who are all based overseas. Facebook has 42 million users […]
By Philip Pullella and Sergio Goncalves | FATIMA, Portugal FATIMA, Portugal Pope Francis, visiting one of Catholicism’s most famous sanctuaries, on Friday prayed for an end to wars he said were lacerating the world and urged the faithful to “tear down all walls” to spread justice and peace. At the start of a trip that will see him on Portuguese soil for less than 24 hours, Francis […]
The bond between mother and daughter is special, made even more so when a daughter has children of her own. A sense of mutual understanding clicks in that helps to bridge the gap between generations. In honor of Mother’s Day on May 14, we spoke to some mothers and their daughters about how motherhood has changed, what they’ve learned from each other, how technology has shifted […]
BAKU A court in Azerbaijan on Friday supported the blocking of the websites of several media outlets critical of the government, including the Azeri service of Radio Free Europe/Radio Liberty (RFE). European institutions and rights bodies accuse the oil-producing former Soviet republic Azerbaijan and its leader, Ilham Aliyev, of tightening restrictions on the media and on people’s freedom of expression. Azeri officials deny the accusations. The ruling […]
Corning employees in Harrodsburg, Kentucky. Image via Apple. Apple announced Friday that glass supplier Corning will receive $200 million as part of the Cupertino tech giant’s $1 billion Advanced Manufacturing Fund. The fund was announced earlier this month as a way to support “a new era of technology-driven manufacturing in the US,” and Corning is the first beneficiary. Apple said the investment will go toward Corning’s research […]
Hackers responsible for the wave of cyber attacks that struck organisations across the globe on Friday from the UK’s National Health Service to European telecoms company Telefónica used tools stolen from the US National Security Agency, the Financial Times has learnt. A tool known as “eternal blue”, developed by US spies was used by the hackers to make an existing form of ransomware known as WannaCry more […]
By David Alexander and Susan Heavey | WASHINGTON WASHINGTON President Donald Trump warned ousted FBI Director James Comey on Friday against talking to the media, suggesting there might be tapes of conversations between the two men that could contradict his account. “James Comey better hope that there are no ‘tapes’ of our conversations before he starts leaking to the press!” Trump said in a string of Twitter […]
May 12, 2017 by: Mark Robinson and Emma Powell, Investors Chronicle Shares in Anglo American have risen 84 per cent base-to-apex within the past 12 months, a reflection of improved commodity pricing combined with cumulative rationalisation measures. Earlier this year, it was announced that the miner’s chairman, Sir John Parker, had decided to call it a day after an eight-year tenure in which he oversaw the sale […]
Saudi Arabia is preparing to cement ties with President Donald Trump by committing to unprecedented investments in the US. The kingdom’s sovereign wealth fund is set to announce plans to deploy as much as $40 billion into US infrastructure, according to people familiar with the matter. The investment may be unveiled as early as next week to coincide with Trump’s visit to the kingdom, said the people, […]
High schoolers who are extroverted, mature, highly intelligent, or interested in arts and sciences have a fighting chance against the robots and computers that will steal jobs in the future. A new study finds that people with certain personality traits are more likely to choose jobs that won’t be automated in the future . Job preference is especially important now, since economists estimate that 47 percent of […]
Ever since Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, and Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, stated that they wanted every Emirati, no matter their background, to complete their education and contribute to the advancement of the UAE’s society, education has played a pivotal role in fulfilling that dream. The […]
By Parisa Hafezi | ANKARA ANKARA President Hassan Rouhani will defend his efforts to open up Iran to the world on Friday in a final televised debate against the hardline challengers who aim to topple him in an increasingly acrimonious election next week. Rouhani, swept into office in a landslide four years ago on promises to reduce Iran’s international isolation, is seeking a second term after negotiating […]
May 12, 2017 IMPHAL, India – Fifteen seconds into the opening match of the 10th Manipur International Polo Tournament, after a long and feverish drumming performance, after the Manipur state chief minister had been properly honored with gifts and praise, after mounted players had paraded around the Mapal Kangjeibung polo ground with country flags held high, the home team scored on the Australians. It was a bright […]
PARIS Emmanuel Macron’s visit to Berlin Monday, a day after his inauguration as French president, aims at stressing the importance of the relationship with Germany to relaunch the European project, an aide to Macron said, confirming the visit. “We want to work together on a few priorities: security, economy, investment and social protection,” the aide told Reuters on Friday. Like outgoing Socialist President Francois Hollande in 2012, […]
The yield on Chinese five-year government bonds hit its highest since 2014 on Friday, as tight liquidity and a regulatory crackdown on leveraged investment caused a rarely seen inversion of the yield curve. Bond yields, which move inversely to price, have been on the rise since last October as the People’s Bank of China moves to discourage the use of borrowed money for bond investment. The bond […]
Reem bin Karam taps Emirati tradition and history to find her role models but a life of selflessness is hers alone and she is the example for young compatriots to follow as she shares lessons written in tears of family tragedy. SHARJAH // A life-long passion for helping others and giving back to society is what inspires Reem bin Karam go to work each day. Ms bin […]
Beijing is enjoying an unusually long run of clear blue skies thanks to widespread industrial closures ahead of the most important international event hosted by President Xi Jinping. The “New Silk Road” summit has attracted 29 national leaders from four continents and also prompted a nationwide security clampdown, as authorities try to ensure that it proceeds without a hitch. More than 80 other countries, including North and […]
OIAPOQUE, Brazil – Deep beneath the waters of the Atlantic off Brazil’s most northern coast, French major Total SA is hunting for what it hopes will be Latin America’s next big oil discovery. Metal drill bits, pipes and containers filled with equipment sit in the tropical port of Belém, near the mouth of the vast Amazon River, ready to sink the first exploratory wells 120 km (75 […]
Pantech, Korea’s third-largest handset maker, has suspended its smartphone business and will commence restructuring, a move that could see it end for good despite surviving a dramatic bankruptcy filing two years ago. In an email to employees, Jung Jun, the chairman of Optis, the parent company of Pantech, said the company will halt production of smartphones and commence the restructuring. The company will retain its Internet of […]
By Ayesha Rascoe | WASHINGTON WASHINGTON The United States and China will expand trade in beef and chicken and increase access for financial firms, as part of a plan to reduce the massive U.S. trade deficit with Beijing, U.S. Commerce Secretary Wilbur Ross said on Thursday. The deals are the first tangible results of trade talks that began last month after U.S. President Donald Trump and Chinese […]
