March 13, 2017 by: Hudson Lockett in Hong Kong and Michael Hunter in London Monday 07:15 GMT What you need to know US West Texas Intermediate crude is at $48.33 a barrel, having fallen under $48 for the first time in more than three months. The pound is holding above $1.22 as speculation mounts that the UK government is poised to trigger Article 50 of the Lisbon […]
Stock photo The price of Bitcoin plummeted after the US Securities and Exchange Commission (SEC) denied a request to bring Bitcoin to the financial market, highlighting how the value of the virtual currency can change within minutes. In February, the virtual currency’s value reached an all-time high of over $1,300 with investors taking a punt on rumors SEC would allow the first Bitcoin ETF. An exchange-traded fund […]
SEOUL Ousted South Korean leader Park Geun-hye faced criticism on Monday over a defiant vow that the truth of her impeachment would be revealed, with the main opposition party urging prosecutors to investigate her quickly. The Constitutional Court dismissed Park from office on Friday when it upheld a parliamentary impeachment vote over an influence-peddling scandal that has shaken the political and business elite. Park has denied any […]
SEOUL Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs. Brent crude LCOc1 had fallen 35 cents, or 0.68 percent, to its lowest since Nov. 30 at $51.02 per barrel by 0231 GMT. It closed the previous session down 1.6 percent at $51.37. U.S. West Texas Intermediate crude (WTI) CLc1 […]
Chefs Chris and Jeff Galvin have found success the old-fashioned way – through sheer talent and hard work. The British brothers, who opened Demoiselle by Galvin in Dubai’s City Walk this past week, have built a small, family-run restaurant empire with a focus on high-quality French cuisine. The Galvins grew up in Essex, surrounded by woods and fields.”Our mother taught us about hard work and good manners. […]
March 13, 2017 by: Lucy Hornby and Archie Zhang in Beijing and Jane Pong in Hong Kong Sceptics about China’s economic statistics have taken a special pleasure in revelations of faked data in the north-eastern province of Liaoning dating at least to 2011. Along with an officially reported contraction in its economy last year, they have given the impression that Liaoning’s economy is unusually troubled. That impression may be […]
The anti-Dutch remarks from Turkey inflamed tensions among the Turkish community in the Netherlands, who protested in Rotterdam until the early hours of Sunday, when they were dispersed by police officers wielding batons and water cannons. The police arrested 12 people, and seven were injured, including a policeman, whose hand was broken. Continue reading the main story Though Turkish law technically bars the practice, Turkish ministers are […]
Tim Berners-Lee, Web Foundation founder and the inventor of the world wide web, has published his take on what needs to be done to ensure the future of the web fulfils his vision of an equalising platform that benefits all of humanity, including tackling fake news, political advertisement, and data sovereignty. Marking 28 years since Berners-Lee submitted his original proposal for the world wide web, the now-53 […]
Image copyright Charles Fox Cambodia’s construction industry is booming, and high-rises are being built across the capital of Phnom Penh. With the city’s population doubling over the past four years, it has begun its transformation into a sprawling metropolis. The industry employs a large number of migrant workers who flock to the capital in search of work. Image copyright Charles Fox Around a third of these workers […]
By any measure, adapting Homer’s The Iliad for the stage is a brave, bold – and as some might say – foolhardy undertaking. It took director Lisa Peterson and actor Denis O’Hare more than five years to distil the ancient Greek epic poem into the 100-minute solo show An Iliad, which will be presented at New York University Abu Dhabi at three shows this week, starring O’Hare […]
The Trump administration’s sweeping dismissal of dozens of US attorneys held over from the Obama administration leaves the president with sudden gaps in top law enforcement positions across the country. The swift dismissals which began with Friday phone calls from Dana Boente, the acting deputy attorney-general, to 46 US attorneys, now puts pressure on the Trump administration to select candidates who will pass congressional scrutiny to fill […]
Now that a little of the hype has disappeared from the release by WikiLeaks of allegedly more than 8,000 internal CIA documents, and the sorts of hacking the American spy agency was up to, what has changed in the world of security? Unlike the Snowden documents, which fundamentally shook the world of many people with and without an interest in the world of cybers, this cache offers […]
By Aaron Maasho | ADDIS ABABA ADDIS ABABA A landslide at a huge garbage dump on the outskirts of the Ethiopian capital Addis Ababa killed 35 people who were searching for food and other goods there, an official said on Sunday. Hundreds of people rely on the 50-year-old Reppi dump, the city’s only landfill site, to survive. They sift through the garbage for food, as well as […]
LONDON HSBC Holdings Plc is lining up Mark Tucker, currently chief executive of insurer AIA Group Ltd, to be the next chairman of Europe’s biggest bank, sources with direct knowledge of the matter said on Sunday. Regulators in Hong Kong and London have signaled they will approve the appointment, one of the sources said, paving the way for Tucker to take up the role in the autumn. […]
Allu Arjun takes a seat in Ray’s Bar at Jumeirah Etihad Towers, sets his bag by his side and slides back. The camera moves in as he prepares for his scene, a confrontation between the film’s hero, played by Arjun, and the villain, who is trying to steal his girl. It’s the 11th day of filming for the Telugu film stars of Duvvada Jagannadham, the latest in a series […]
BABRUYSK, Belarus Thousands took to the streets in Belarus over the weekend to protest against a tax on those deemed to be doing too little work, despite government concessions after a first wave of demonstrations. Popularly known as the “tax on social parasites” it slaps a levy of $250 on those who work less than 183 days per year. Those officially registered unemployed are exempt but must […]
Chinese leasing companies have taken ownership of hundreds of vessels in deals worth tens of billions of dollars in the latest sign of the industry’s rapid transformation amid a long-running financial crisis. The deals made by Chinese companies, including the leasing businesses of ICBC, China Minsheng Bank and Bank of Communications, have provided badly-needed financing for shipowners as miserable trading conditions dominate most shipping sectors. Although there […]
On Feb. 22, astronomers announced that the ultra-cool dwarf star, TRAPPIST-1, hosts a total of seven Earth-size planets that are likely rocky, a discovery made by NASA’s Spitzer Space Telescope in combination with ground-based telescopes. NASA’s planet-hunting Kepler space telescope also has been observing this star since December 2016. Today these additional data about TRAPPIST-1 from Kepler are available to the scientific community. (via WSJ)
12 March 2017 Dubai, United Arab Emirates Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, in collaboration with INTERPOL, today released research on cybercriminal activity in West Africa, “Cybercrime in West Africa: Poised for an Underground Economy,” as part of its ongoing Cybercriminal Underground Economy Series (CUES). Scams targeting individuals and businesses have grown exponentially since 2013. West African cybercriminal activity is […]
PolitiFact, the national political fact-checking franchise started by the Poynter-owned Tampa Bay Times, has lost seven of its statewide partners since the presidential campaign. Partners in Providence, Rhode Island, Des Moines, Iowa and Richmond, Virginia all discontinued their PolitiFact franchises within the last year, according to a report from the Duke Reporters’ Lab. E.W. Scripps Television Stations, which operated four statewide PolitiFact affiliates, opted not to renew […]
By Angela Moon | NEW YORK NEW YORK For some millennial investors, loyalty to one of their favorite apps matters more than financial details in the case of Snap Inc. The stock of Snapchat’s parent company has been on a roller-coaster ride since its market debut last week, surging more than 70 percent from the initial public offering price in the first two days of trading and […]
Thanks to a new radar technique employed by NASA, India’s first lunar probe that went missing about eight years ago has finally been found. Chandrayaan-1 The Indian Space Research Organisation launched its first moon probe Chandrayaan-1 in October 2008 but less than a year after the spacecraft successfully entered lunar orbit, technical problems started to emerge. By August 2009, controllers lost contact with the spacecraft. After about […]
Here are the main questions facing investors and markets as a new trading week beckons. What will the Federal Reserve say?Sometimes words matter more than action. A quarter percentage point tightening is all but baked in after the February jobs report, when 235,000 jobs were created — eclipsing market expectations. Of greater importance is whether Fed officials indicate a willingness for a faster rate of tightening in […]
BEIJING The number of corruption cases heard by Chinese courts jumped by about one-third last year, as the country’s top prosecutor vowed on Sunday there would be no let up in China’s campaign against deep-seated graft. Since assuming office more than four years ago, President Xi Jinping has waged war on corruption, warning, like others before him, that the problem is so bad it could affect the […]
