Snap Inc’s shares fell as much as 10.4 percent on Tuesday, opening at their lowest since a blockbuster market debut last week. Snap’s shares hit a low of $21.30 in early trading on Tuesday, wiping out more than $9 billion of the company’s market capitalization from Friday’s high. Shares surged 44 percent in a hotly anticipated listing on Thursday, valuing the parent of Snapchat, an app popular […]
BEIRUT Fawaz Atmeh and Mohammed Musa’s families were among the first to flee Russia’s intervention in the Syrian conflict, sheltering in tents on boggy ground near the Turkish border as jets bombed their villages further east. As Syria’s battle lines have shifted in nearly 18 months since, the two young men have watched their camp swell with families and fighters escaping government territorial gains, insurgent infighting and […]
Brazil’s economy shrank 3.6 per cent last year as high inflation, a runaway budget deficit and political turmoil drove the country to its worst recession on record. The contraction, which was felt across almost all economic sectors from industry to services, was slightly worse than economists’ estimates and only marginally better than 2015, when gross domestic product contracted 3.8 per cent. GDP in the final three months […]
Photo Iraqis fleeing their homes on Tuesday as government forces fought Islamic State militants in western Mosul. Credit Suhaib Salem/Reuters BAGHDAD — Iraqi forces trying to reclaim Mosul penetrated the western part of the city on Tuesday, retaking a bridge and several public buildings during heavy clashes with the Islamic State, officials said. Civilians reported that the bombardment and gunfire were the heaviest since Feb. 19, the […]
The Metropolitan Hotel Dubai, one of city’s oldest hotel brands, has reopened in a new location on Sheikh Zayed Road, after a three-and-a-half-year hiatus. The original Metropolitan Hotel, which was built in 1979, was demolished in May 2013 to make way for Al Habtoor City, an urban resort incorporating three hotels and luxury residential towers on The Dubai Water Canal. Mohammad Al Habtoor, vice-chairman and CEO of […]
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. When it comes to Russian hacking and other subterfuge, the obvious and unavoidable media and political talk involves either the Clinton presidential campaign or the Trump White House. As Bloomberg’s Michael Riley discloses, there’s more for the press to obsess […]
DUBAI Two Yemeni boys were killed in a drone strike while walking on a road in central Yemen used by al Qaeda militants who have been subject to repeated strikes by U.S. forces in recent days, residents said on Tuesday. They named the boys as Ahmed and Mohammed al-Khobze, two brothers both under 15, and said they were killed on Monday on a road used by militants […]
A new system from CSAIL uses EEG brain signals to detect if a person notices robots making a mistake. Credit: Jason Dorfman/MIT CSAIL For robots to do what we want, they need to understand us. Too often, this means having to meet them halfway: teaching them the intricacies of human language, for example, or giving them explicit commands for very specific tasks. But what if we could […]
Fund managers and institutional investors expect oil giant Saudi Aramco to have a market capitalisation of $1 trillion to $1.5 trillion when it sells shares to the public next year, a survey by regional investment bank EFG Hermes showed on Monday. The valuation of Aramco. the world’s biggest oil firm, has been the focus of intense speculation since the Saudi government last year announced plans to sell […]
By Foo Yun Chee | BRUSSELS BRUSSELS An EU court agreed with United Parcel Service (UPS.N) on Tuesday that the EU had wrongly blocked its takeover of Dutch peer TNT four years ago, potentially allowing the world’s largest package delivery company to sue regulators for damages. The European Commission rejected the 5.2 billion euro ($5.5 billion) deal in 2013, saying UPS had not offered sufficient concessions to […]
The European Space Agency (ESA) developed Sentinel-2B satellite has been launched. It is a part of the Copernicus program and will join its twin sister satellite Sentinel-2A in outer space. Sentinel-2A has been orbiting Earth since 2015. Being a part of the ESA’s Copernicus Earth Monitoring Program, the satellite duo will observe the globe and will take high-resolution infrared and color images of the planet’s surface. ESA […]
By Rozanna Latiff and Ju-min Park | KUALA LUMPUR/SEOUL KUALA LUMPUR/SEOUL North Korea barred Malaysians from leaving the country on Tuesday, sparking tit-for-tat action by Malaysia, as police investigating the murder of Kim Jong Nam in Kuala Lumpur sought to question three men hiding in the North Korean embassy. Malaysia’s Prime Minister Najib Razak accused North Korea of “effectively holding our citizens hostage” and scheduled an emergency […]
Although nine years have passed since the Solomon R Guggenheim Museum and Foundation announced they would be building the Guggenheim Abu Dhabi on Saadiyat Island and construction has not yet started, the head of the foundation has confirmed the museum is very much a reality. Richard Armstrong, director of the Solomon R Guggenheim Museum and Foundation said: “There is progress, we are moving forward towards building it […]
Donald Trump is not alone. When the US president complained, just before taking office, at the size of his country’s trade gap with Germany, he highlighted an issue that has long been the source of irritation in Washington and beyond. It is a topic that is now also stimulating debate within Germany — with possible consequences for the country’s trade ties with the rest of the world […]
Photo A fighter in the Syrian Democratic Forces, an American-backed militia, in the outskirts of Deir al-Zour last month. The militia said it had seized the route linking Raqqa to Deir al-Zour Province on Monday. Credit Delil Souleiman/Agence France-Presse — Getty Images The Islamic State appeared to suffer an important setback on Monday when American-backed militia fighters in Syria seized the main route that connects Raqqa, the […]
Few institutions embodied the eurozone crisis more clearly than Bankia, the Spanish lender which was bailed out in 2012. Yet you would have been hard pressed to see any signs of that as the lender tapped debt markets this month. The bond sale by Bankia, still majority owned by the Spanish government, attracted almost €5bn in orders for the €500m of debt it sold. Its “tier 2” […]
Credit: iStock/xavierarnau Michael Siminovitch, director of the California Lighting Technology Center at UC Davis, wasn’t looking for enlightenment when he wandered into a Buddhist temple in Thailand a few years ago. He was touring Thailand as a distinguished visiting professor at King Mongkut’s University of Technology Thonburi’s school of architecture. He’d never been to a temple in his life. The temple was a highly crafted, architectural marvel, […]
LONDON British Prime Minister Theresa May should scrap fixed-term parliaments and call an early general election to ensure she has the time and political security to cope with the travails of Brexit, William Hague, a former Conservative Party leader, said. Hague, writing in the Daily Telegraph, said that “trouble is coming” over the next two years as the government tries to implement Brexit and that PM May […]
07 March 2017 Geneva – The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 6.9% in January 2017 compared to the year-earlier period. While this was down from the 10% annual growth recorded in December 2016 it still was well above the average annual growth rate of 3% over the past five years. Growth […]
Photo Graffiti in Sana, Yemen, protested American drone operations in the country last year. The United States has carried out over 40 airstrikes in the country in the past week. Credit Yahya Arhab/European Pressphoto Agency WASHINGTON — For a fifth consecutive night, American warplanes and drones on Monday pummeled suspected Qaeda targets in Yemen as the Pentagon said an earlier attack in the country had killed a […]
By Jon Herskovitz | AUSTIN, Texas AUSTIN, Texas African-Americans are far more likely to be wrongfully convicted of crimes such as murder, sexual assault and illegal drug activity than whites due to factors including racial bias and official misconduct, a study released on Tuesday said. Of the 1,900 defendants convicted of crimes and later exonerated, 47 percent were African-Americans – three times their representation in the population […]
Sheikh Mohammed bin Zayed hosts a barza at Qasr Al Hosn. Hamad Al Kaabi / Crown Prince Court – Abu Dhabi An artist’s impression of Qasr Al Hosn and its surrounding area. Courtesy Abu Dhabi Tourism and Culture Authority Sheikh Mohammed bin Zayed with Sheikh Suroor bin Mohamed Al Nahyan at Qasr Al Hosn. Ryan Carter / Crown Prince Court – Abu Dhabi Women and girls weave […]
Yet in the other six countries still on Mr. Trump’s list, his decision to push ahead with the ban only stoked their sense of grievance and discrimination. Regional experts repeated earlier warnings that Mr. Trump’s order handed an easy propaganda victory to enemies and might ultimately weaken American security. Continue reading the main story “The idea that this is a Muslim ban has been reinforced even further,” […]
Europe launched the fifth of its Sentinel Earth observation satellites on Monday as part of its multi-billion-euro Copernicus programme to provide speedy images of land, oceans and waterways. The Sentinel-2B satellite, part of a system of satellites that is to monitor Earth, blasted off on board a Vega rocket from Europe’s spaceport in French Guiana at 8:49 p.m. EST (0149 GMT on Tuesday). It will join its […]
