The first exhibition to be hosted at Dubai’s Etihad Museum will feature the country’s postal history from 1909 until its unification. Organisers pledge that it will be a virtual tour back in time, as each stamp marks a key event. Visitors under the age of 15 have a lot of questions about the first item at an exhibition dedicated to the history of Emirates Post. Although it […]
By Gina Cherelus | NEW YORK NEW YORK It cost New York City about $24 million to provide security at Trump Tower, President Donald Trump’s skyscraper home in Manhattan, from Election Day to Inauguration Day, or $308,000 per day, New York’s police commissioner said on Wednesday. The revelation prompted renewed calls for Congress to reimburse the city for the cost of protecting Trump’s private residence on Manhattan’s […]
Buyers of $8M Porsche Design unit mentioned in Panama Papers Couple has a unit at Regalia on the market for $10.65M February 22, 2017 03:35PM By Katherine Kallergis Porsche Design Tower A company tied to two people mentioned in the Panama Papers database paid $8.2 million for a unit at Porsche Design Tower in Sunny Isles Beach. Records show Collins 2154 LLC, led by Luis Armando Barrera Palacios […]
Telstra has sold its remaining 6.5 percent stake in Chinese online company Autohome to Chinese insurer Ping An Insurance Group for $29.30 per share, for a total of $217 million (AU$282 million). “The divestment reflects Ping An is now well established as a strategic partner for Autohome,” Telstra said in a statement to the Australian Securities Exchange (ASX) on Thursday morning. “As a result of the sale, […]
SOUTH OF MOSUL, Iraq A few hundred civilians have fled their homes in the outskirts of western Mosul, the first reported displacement since a U.S.-backed offensive on the jihadists’ remaining stronghold there began at the weekend. A Reuters correspondent saw about 200 women and children being transported on buses by federal police on Wednesday to the town of Hammam al-Alil, some 20 km (12 miles) south of […]
The shelves of Guillermo Lasso’s office are lined with books that inform his politics: Adam Smith’s The Wealth of Nations; The Denationalization of Money by Friedrich Hayek; a compendium of cases about free speech from the Inter-American Court of Human Rights. “A government cannot regulate freedom of expression,” the Ecuadorean conservative opposition leader told the Financial Times before Sunday’s presidential election, in which he won more than […]
When Ford borrowed a €750m bond in euros at the start of the year, the US carmaker was following a path that has become familiar to corporate America. The deal was an example of so-called “reverse Yankee” issuance, where US companies sell bonds in euros, tapping demand from eurozone investors. Ford added to the more than €100bn of debt sold in the eurozone over the past two […]
By Alan Baldwin | SILVERSTONE, England SILVERSTONE, England Vijay Mallya, the one-time billionaire who co-owns the Force India Formula One team, said on Wednesday Indian authorities had no grounds to extradite him from Britain and he would not be leaving. India wants Mallya to face trial after the liquor and aviation tycoon was charged with conspiracy and fraud over a loan to his defunct Kingfisher Airlines. It […]
NASA has discovered seven planets with Earth-like qualities orbiting a nearby star making them among the strongest candidates in the continued search for extraterrestrial life among known exoplanets, or planets that exist outside of our own solar system. These new planets all inhabit another solar system which includes seven planets that have a relatively warm climate, as well as rocky terrain, both of which are promising signs […]
By SUZAN FRASERAssociated Press ANKARA, Turkey (AP) – Turkey’s military has changed its regulations to allow female officers to wear headscarves while on duty, defense officials said Wednesday, removing a ban on Islamic-style head coverings at an establishment that once was considered a bastion of secularism. The move also ends the last remaining headscarf ban at a public institution in the predominantly Muslim, but officially secular country. […]
Last year, Mashable laid off about two-dozen employees, cutting its politics and international reporters in a push for more video. So, how’s that going? The reorganization of the company, which saw Chief Content Officer Gregory Gittrich replace Editor-in-Chief Jim Roberts “wasn’t an easy stretch,” Gittrich said. But Mashable has some good news — unique visitors and revenue are way up, and they’re hiring. More specifically: Unique views […]
Fitch Ratings-Moscow-22 February 2017 Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of five UAE banks with Stable Outlook and maintained Rating Watch Positive (RWP) on First Gulf Bank’s (FGB) IDRs. The agency also downgraded the Viability Rating of Union National Bank (UNB) to ‘bbb-‘ from ‘bbb’. A full list of rating actions is at the end of this commentary. KEY RATING DRIVERS IDRs, SUPPORT […]
By Simon Jessop and Pamela Barbaglia | LONDON LONDON Unilever (ULVR.L) sought to show shareholders it can go it alone on Wednesday after rejecting Kraft Heinz’s (KHC.O) $143 billion bid, with the promise of a swift, far-reaching review. This should be completed by early April and could lead to asset sales and cost cuts, a source close to the Anglo-Dutch company said only days after it roundly […]
French small-cap investors are showing little sign of nerves ahead of this spring’s presidential election, setting a strong pace since the start of the year. In a week when the possibility that Marine Le Pen, the anti-immigrant National Front leader, could win May’s presidential vote started to worry bond investors, the small-caps market, consisting of 187 members, maintained its sangfroid. The CAC small index stands 4.3 per […]
Submitted by Chris Hamilton via Econimica blog, I’m dazed & confused…economists and the consensus all acknowledge 2001 and 2007 were low interest rate, debt driven financial and economic bubbles. However, somehow today’s even lower interest rate environment resulting in an additional $9.5 trillion in equity valuation from the last bubble peak…this one is legit and isn’t a bubble??? What I’m even more confused about is who, exactly, is buying all the […]
The Vietnamese woman suspected of helping to kill the North Korean leader’s half-brother was a keen singer whose Facebook pages featured pouting portraits and pictures of parties. Four days before Kim Jong Nam was killed at a Malaysian airport, she appears to have posted a picture of herself wearing a shirt emblazoned with the acronym “LOL”, similar to the one on the fleeing suspect caught on CCTV […]
Good news for Sprint subscribers in the U.S. as the Samsung Galaxy S7 and the Galaxy S7 edge are now receiving the long-awaited Android 7.0 Nougat update. Sprint users who are participating in the beta program for the Galaxy S7 and Galaxy S7 edge are getting a taste of Android Nougat. Even though the beta users are the only ones receiving the update for now, it may […]
Political uncertainty is slowing trade growth, a World Bank report has concluded, indicating that the rise of Donald Trump may already be casting a shadow over the global economy. Major international institutions such as the IMF, the OECD and World Bank have recently upgraded their forecasts of global economic growth largely due to expectations that tax cuts, rising infrastructure spending and a wave of deregulation will boost the […]
Wednesday 12:45 GMT Overview US equity futures suggest Wall Street will dip from record levels that were reached amid a positive outlook for economic growth. Political concerns leave the euro carrying the wooden spoon in the forex markets, while the rush for supposed havens pushes short term German bond yields to their lowest ever. Hot topic The FTSE All-World equity index is at another record, up 0.1 […]
Over the past year we’ve frequently written about the alarming homicide rates in Chicago (see “Chicago Violence Worst In 20 Years: ‘Not Seen This Level Of Disrespect For Police Ever’“). But, the Wall Street Journal recently conducted an analysis of homicide data since 1985, for the 35 largest cities in the United States, and found that Chicago isn’t the only place where violent crime is surging. As […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil traders from around the world, including the United States, Britain and Brazil, have tripled their sales to Asia as they take advantage of an emerging supply gap following OPEC-led production cuts announced late last year. Around 30 supertankers have this month made long-haul trips to ship crude oil from the Americas, the North Sea and the Mediterranean to refineries across […]
Paul Polman thought it was just going to be an informal catch-up. But it quickly became clear that Alexandre Behring, chairman of Kraft Heinz, had something very specific on his mind when he visited Unilever’s art deco headquarters in London last month. Had Mr Polman, chief executive of Unilever since 2009, ever considered a collaboration with Kraft Heinz, Mr Behring wanted to know. Mr Polman took this […]
Demand for American hardwoods expected to pick up in the first half of 2017 as key projects near completion 22 February 2017 The American Hardwood Export Council (AHEC), the leading international trade association for the American hardwood industry, is gearing up to participate at the Dubai WoodShow 2017, which will take place from March 7 – 9 at the Dubai International Convention and Exhibition Center (DICEC). The […]
ALMATY A Russian Progress cargo space craft blasted off for the International Space Station from the Baikonur cosmodrome in Kazakhstan on Wednesday, the first such mission since a failed launch in December. The space craft, carried by the same Soyuz booster rocket as used for manned launches, took off at 11:58 (0558 GMT) with the launch broadcast live by NASA TV. It is due to dock with […]
