Adriaane Pielou Holidaying on horseback is guaranteed to lift the spirits. The exhilaration you feel after spending time in the fresh air afforded by the countryside is enhanced by the fact that you can choose from a range of trips. Despite being a sporty kind of activity, a riding holiday can involve weeks crossing mountains and camping out each night. However, you can also choose undemanding meanders […]
The bagpiper striding across the bottle label wears flowing green tartan, a luxuriant black moustache — and a red turban. Bagpiper whisky, distilled by Diageo through its United Spirits subsidiary in India, is one of India’s most popular brands, available even in a tetra pak. But at Rs300 ($4.50) for a 750ml bottle, it is not a brand that will power a rapid return on Diageo’s £1.9bn […]
Democracy Fund and First Look Media on Monday announced $9 million in funding to bolster an independent free press split evenly between three newsrooms: ProPublica, the Center for Public Integrity and the Center for Investigative Reporting. Democracy Fund and First Look Media are also committing an additional $3 million to support independent in vigorous journalism. It includes: The Knight Prototype Fund aimed at combating misinformation will receive […]
By Noel Randewich and Rishika Sadam Shares of Snap Inc jumped nearly 5 percent on Monday after several of the Snapchat owner’s IPO underwriters handed it badly needed “buy” ratings. Snap’s listing on March 1 was the largest by a technology firm in three years but trading has been volatile, with many investors critical of decelerating user growth. Snap has warned it may never become profitable. Analysts […]
By Ayesha Rascoe | WASHINGTON WASHINGTON Following the failure of a healthcare bill backed by President Donald Trump, his administration plans to take a lead role in crafting major legislation to cut taxes with an eye toward meeting an August target date, the White House said on Monday. Trump’s pledge to cut taxes, including a lowering of the rates paid by corporations, was a pillar of his […]
The Maldives speaker of parliament survived an impeachment vote on Monday amid chaos after a dozen opposition legislators were sent out from the chamber for unruly behaviour. The motion against Speaker Abdulla Maseeh Mohamed, a close ally of President Abdulla Yameen, was defeated by 48 vote against none in an 85-member parliament after all opposition lawmakers walked out in protest at their colleagues’ expulsion. Opposition legislators said […]
Viacom, the owner of Nickelodeon and MTV, has turned to former Fox film chief Jim Gianopulos to revive its ailing Paramount Pictures division, hoping that he can restore the studio behind The Godfather, Saturday Night Fever and Top Gun to its former glory. Mr Gianopulos released Avatar, the biggest box office hit ever produced by Fox, as well as Deadpool, the X-Men series and The Grand Budapest […]
European governments and related organisations have ramped up their sales of new debt this year, in the latest sign of bond markets bracing for rises in interest rates and an increase in political risks. Overall borrowing from eurozone sovereigns, local authorities, agencies and supranationals such as the European Investment Bank is currently at €210bn — the highest year-to-date amount since 2012, Dealogic data show, and the second-highest […]
Want to beat Warren Buffett’s investment returns? Don’t want to spend a lot of time working at it? Bloomberg’s macro strategist Cameron Crise has just the investment process for you… Last week I wrote about a simple model that is surprisingly effective at profiting from the rebalancing tendencies of passive investors. This in turn brought to mind another well-known instance of behavioral herding that has led to […]
By Joe Kirwin The European Parliament’s special Panama Papers investigative committee concluded its four-day “fact-finding” visit to the U.S. with its chairman calling on the U.S. to close its tax loopholes. In a March 24 telephone interview at the conclusion of the U.S. visit, the committee‘s chairman, German lawmaker Werner Langen, told Bloomberg BNA that EU members “have made appeals to the U.S. federal government and Delaware […]
Like many others, I’m interested in diminutive action cams modeled GoPro’s popular line of devices, which are targeted at people who like to jump off cliffs with one of these gadgets attached to their person. Not surprisingly, there are a number of low-priced competitors coming from obscure Chinese off brands. They sell like crazy, but are they valid rivals or total duds? It’s hard to […]
“Moving Forward in Perpetual Motion” – Rezidor’s all digital Annual Report is out now BRUSSELS, Belgium, March 27, 2017 The Rezidor Hotel Group (www.Rezidor.com ), one of the world’s most dynamic hotels has published its Annual Report 2016. Themed “Moving Forward in Perpetual Motion,” this year’s annual report is fully digital (https://AnnualReport2016.Rezidor.com ). The Annual Report also contains the Corporate Presentation and the Responsible Business report 2016. […]
By Mfuneko Toyana and Sujata Rao | JOHANNESBURG/LONDON JOHANNESBURG/LONDON South African President Jacob Zuma asked Finance Minister Pravin Gordhan on Monday to return home “immediately” from an investor roadshow abroad, reviving talk of a cabinet reshuffle and unnerving investors who see Gordhan as an emblem of stability. The rand fell more than 3 percent against the dollar, its biggest one day fall since Nov. 10, South African […]
By Yashaswini Swamynathan U.S. stocks were well off session lows on Monday as investors sought bargains after a rough start on Wall Street following the defeat of President Donald Trump’s first major legislative action. Republicans were forced to pull a healthcare bill on Friday after failing to gather the votes needed in Congress to repeal and replace the Affordable Care Act also called Obamacare. The bill’s failure […]
ABU DHABI // The UAE has contributed Dh200 million to the Interpol Foundation for a Safer World, supporting seven projects fighting global crime and terrorism over five years. Announced ahead of the Unity for Security Forum in Abu Dhabi, which starts on Tuesday, the money will help to fund collaborations and training in Interpol’s 190 member states. “Building relations with relevant institutions in the fight against crime […]
March 27, 2017 by: Roger Blitz in London and Eric Platt and Robin Wigglesworth in New York Financial markets shuddered on Monday as investors absorbed the collapse of US healthcare reform last week, with some fearing pro-growth policies like tax reform could be stymied by government inaction and a Republican party in disarray. Global stocks retreated, US banks slid into correction and the dollar index fell to […]
Barclays Bank on Monday launched the first exchange traded fund in east Africa when it listed the Barclays NewGold ETF on the Nairobi stock exchange. The product is a cross-listing of the $1.4bn NewGold ETF that sits on the Johannesburg Stock Exchange in 2004 and is also publicly traded on five other African markets. Its initial size in Kenya will be Ks500m ($4.8m) with capacity for expanding […]
By Matt Spetalnick | WASHINGTON WASHINGTON Israeli Prime Minister Benjamin Netanyahu said on Monday he was committed to working with U.S. President Donald Trump to advance peace efforts with the Palestinians and with the broader Arab world. Netanyahu made the pledge in a speech to the largest U.S. pro-Israel lobbying group at a time when the Trump administration is seeking agreement with his right-wing government on limiting […]
By John O’Donnell | FRANKFURT FRANKFURT London has seen its standing as a financial center slip as Britain prepares to trigger its departure from the European Union, according to a survey released on Monday, although rival European cities still lag far behind. The Z/Yen global financial centers index (GFCI), which ranks 88 financial centers, still puts London in first place, followed by New York and three cities […]
The recent report on Arctic sea ice levels underlines the grave impact of global warming on marine creatures that depend on the polar ice cap for survival. Rising temperatures in the far north give way to a rapidly reducing ice cover, and when the sea ice is threatened, so is the phytoplankton it sustains. Shrinking sea ice means the microscopic algae have less and less room to grow, and […]
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. So when President Trump raised the white flag on Obamacare Friday, did he pick up the phone and gave the exclusive to Breitbart, The Daily Caller or LifeZette? Nope. He called reporters at The Washington Post and The New York […]
JERUSALEM Israel on Monday urged citizens vacationing in Egypt’s Sinai peninsula to leave immediately, saying the threat of attacks inspired by Islamic State and other jihadi groups was high. The advisory was issued ahead of the Passover holiday, when thousands of Israelis cross the land border with Egypt to visit resorts and beaches on the Sinai’s Red Sea coast. Israel’s Anti-Terrorism Directorate said its “Level 1” alert […]
Apple and Facebook are gearing up to challenge start-up Magic Leap and Microsoft’s HoloLens in the race to create a pair of augmented reality glasses that could one day replace the smartphone as consumers’ primary computing device. Apple is stepping up its efforts in AR eyewear, according to people with knowledge of its efforts, while Facebook is also researching the technology that can make what chief executive […]
The US stock market’s shifting reaction to the inability of Donald Trump and the House of Representatives to repeal Obamacare belies the much bigger question the failure raises for Wall Street: can this administration steer corporate tax cuts through Congress? This matters because the expectation that American companies will enjoy smaller tax bills has helped fan a 10 per cent gain for the S&P 500 since the […]
