Hedge fund managers may be criticised for their recent returns but they have consistently displayed a razor sharp sense of timing when it comes to picking when to sell their own businesses. When Och-Ziff, the New York-based hedge fund founded by the former Goldman Sachs trader Daniel Och, decided to sell equity to the public markets it did so near the top of the market in late […]
If you’re like me, you’ve been building presentations for years. You probably started out making standard (4:3) size decks. These days, there is increasing demand for widescreen (16:9) decks. Different projects and clients demand different size decks. Sometimes it’s easy to mess up on a widescreen project, and build a deck in the standard size, the way you’ve been accustomed to doing it since the days of […]
PARIS French centrist Emmanuel Macron is on course to come out on top of the first round of France’s presidential election next month and go on to win in the May 7 runoff against far right leader Marine Le Pen, an Elabe poll showed on Wednesday. Macron, a popular independent who served as economy minister under President Francois Hollande, would win 25.5 percent of the vote in […]
By Caroline Valetkevitch | NEW YORK NEW YORK A U.S. stock rally fueled by optimism President Donald Trump will boost the economy may be near its peak, according to a Reuters poll of strategists who forecast U.S. shares will gain less than 3 percent between now and year-end. The run up since the Nov. 8 U.S. election has left the S&P 500 .SPX at levels many consider […]
Samsung launched its new Galaxy S8 smartphone with a bombastic event in New York, promising a “new beginning” for mobile handset design as well as for the Korean company amid a series of corporate crises. The Galaxy S8’s signature feature is a new “infinity display” which wraps around the edges of the device to give a larger screen in a smaller body. Claiming the biggest design breakthrough […]
When Charles Li was asked last week about the recent wild gyrations of some stocks in Hong Kong, the head of the Hong Kong Exchange compared the market to a city that is reasonably well-run but has “a few dark alleys and little corners”. “We all need to relax,” he added. “This is a great market. You don’t want the regulator to solve all your problems.” Investors […]
In this Friday, March 24, 2017, photo, new Samsung Galaxy S8, left, and Galaxy S8 Plus mobile phones are displayed in New York. The Galaxy S8 features a larger display than its predecessor, the Galaxy S7, and sports a voice assistant intended to rival Siri and Google Assistant. (AP Photo/Richard Drew) Samsung seems to be playing it safe with its first major smartphone since the embarrassing recall […]
By Elizabeth Piper | LONDON LONDON After nine months of preparation, bitter public argument and a battle with parliament, British Prime Minister Theresa May is launching talks with the European Union armed with a plan she hopes will secure a better divorce deal than many expect. But what is it? Although May has published a policy document outlining a 12-point approach to the talks that will reshape […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Donald Trump is temporary ratings gold, which is either evidence of renewed civic engagement or merely the decline of Western civilization. Variety reports that Fox News “finished far and above its competition in the ratings for the first quarter of […]
By Ali Sawafta and Suleiman Al-Khalidi | DEAD SEA, Jordan/AMMAN DEAD SEA, Jordan/AMMAN Arab leaders reaffirmed on Wednesday their commitment to a two-state solution to the decades-long Arab-Israeli conflict amid increased unease over the stance of the United States under the new administration of President Donald Trump. Trump rattled Arab and European leaders in February by indicating he was open to a one-state solution, upending a position […]
So much flip-flopping from Dennis Gartman in just the past week, it is enough to make one’s head spin. After missing Friday’s move lower, on Monday morning Gartman said he was actively looking to “re-establish net short positions” when S&P futures were sharply lower to which we said “at the rate the S&P is covering its opening losses, he should be able “find a point” where the […]
The World Health Organization revealed in a statement issued on Tuesday, March 28, of high number of measles cases that were reported in the European region. The agency issued a warning as measles outbreaks hit countries in Europe that have suffered from drop in immunization rates. Over 500 cases of the infectious disease were reported across Europe in January this year. Highly Contagious Measles Measles is a […]
There’s a chance Microsoft is going to lose a lawsuit over unwanted Windows 10 upgrades, the results of which allegedly caused a permanent loss of data on plantiffs‘ computers. This suit, which only amounts to $5 million (so far), could easily turn into a massive class-action suit if Microsoft cannot counter the threat by finding something in its end-user license agreement (EULA) that holds the […]
Bloomberg suffered its second-ever drop in the number of ubiquitous terminals dotting global trading desks as it fell victim to cost cutting by the finance industry. The number of Bloomberg’s distinctive black terminals, used daily by bankers, traders and money managers, fell by 3,145 last year to just under 324,500, down nearly 1 per cent from 2015, according to a report on Tuesday from Burton-Taylor International, one […]
By Guy Faulconbridge and Elizabeth Piper | LONDON LONDON Prime Minister Theresa May will file formal Brexit divorce papers on Wednesday, pitching the United Kingdom into the unknown and triggering years of uncertain negotiations that will test the endurance of the European Union. Nine months after Britons voted to leave, May will notify EU Council President Donald Tusk in a letter that the UK really is quitting […]
Google lives and dies on open-source software. Without Linux, there would be no Google. The company both uses and makes open-source code every day of the year. In 2017 alone, Google has open-sourced Chrome for iOS; Upspin file-sharing; E2EMail, experimental end-to-end email encryption; and the Guetzli JPEG encoder. There’s only one problem. How do you find all these projects? Google finally has given us the answer: Google […]
By Panarat Thepgumpanat and Patpicha Tanakasempipat | BANGKOK BANGKOK Thailand’s military government is working on a law to help regulate Buddhism, officials say, giving the junta far more say over a pillar of Thai society that has so far eluded its control. The proposed bill, which has not been made public, would appear to significantly reduce the say of the Sangha Supreme Council, Buddhism’s governing body in Thailand. […]
KUALA LUMPUR Malaysia briefly prevented a North Korean ship carrying coal from entering its port in Penang because of a suspected breach of United Nations sanctions, a port worker and Malaysian maritime officials told Reuters on Wednesday The KUM YA, was carrying 6,300 metric tonnes of anthracite coal, according to a worker at Penang Port who spoke to Reuters on condition of anonymity. It was later allowed […]
After nine months’ gestation, the Brexit process has started. Both sides of the referendum have political points; Brexiters can say the UK economy is growing and there has been no market implosion, while Remainers can say UK assets have drastically underperformed the rest of the world, and the costs of the historic sterling devaluation are yet to be counted. Now, it is time to work out what […]
If meat was handled in the same fashion as broadband in Australia, barbeques would be a lot less popular. Imagine a situation where there is a single government-owned cattle farmer, the weirdly spelled National BoviNe (NBN), and you know of its existence because there are always ads on TV and buses telling you to eat more meat, but consumers are told to continue purchasing meat from butchers, […]
AMMAN: The 2017 Arab Summit started today in Jordan with the participation of an unprecedented number of Arab leaders, whose agenda was topped by the issues of Palestine, terrorism and Arab coordination.Since early Tuesday, leaders of Arab states started arriving in the Jordanian capital Amman for a gathering that comes amid serious challenges and crises facing the region.UN Secretary-General Antonio Guterres also arrived in Amman on Tuesday […]
By Daniel Trotta and Tom James A Seattle woman who became a folk hero by fighting off a would-be rapist in a public bathroom has sparked a boom in women’s self-defense classes, making a meme out of the war cry she used in battle: “Not today!” followed by an expletive. Kelly Herron, 36, was taught to “be loud and fight like a savage” in self-defense training at […]
Chinese social media company Tencent has purchased a 5 percent stake in Tesla for $1.78 billion, providing a boost to the company as it prepares for the launch of the Model 3 mass-market electric vehicle. The shares of Tesla increased by 2.7 percent to $277.45 upon the announcement of Tencent’s investment, with the company now close to overthrowing Ford as the second most valuable automobile company in the […]
ABU DHABI // Big businesses need to be more aware of the crimes being committed on their watch, one of the country’s most senior police officers has said. Maj Gen Mohammed Al Romaithi, commander-in-chief of the Abu Dhabi Police, said the private sector has a greater role to play in combating crimes, such as drug smuggling through ports. He was speaking at the Unity for Security Forum […]
