By Jamie McGeever | LONDON LONDON World stocks and bond yields rose on Monday, lifted by a re-emergence of so-called “Trump trades” as investors bet that the U.S. president’s tax reform plans will boost economic growth and corporate profits. Following on from Friday’s record high closes on Wall Street, Asian stocks rallied to 1-1/2-year peaks and European stocks rose for the fifth consecutive session on Monday, their […]
They see their quasi-celebrity status as a chance to build up the sport in the Cayman Islands, where N.H.L. games are regularly shown in sports bars and roller-hockey and ball-hockey programs have been in place since the 1980s. “We’re trying to promote the game,” Klein said. “This is not just a bunch of old guys living their dream.” Christine Maltman, Klein’s wife, successfully pitched a fund-raising idea, […]
Copper prices in China rose as much as 7 per cent on Monday to their highest level in more than two years amid continued upward pressure from a strike at the world’s largest copper mine in Chile. The price of copper contracts on the Shanghai Futures Exchange leaped as high as Rmb50,300 ($7,306.79) per tonne in Monday Asia trading, the highest level since May 17, 2014. Workers […]
Submitted by Nick Kaman of Letters from Norway Introduction: Norwegians are just now starting to grapple with the effects of their “single cylinder” economy, mostly dependent on oil and gas (ca. 60% of exports). Despite optimism about $50-$70/barrel oil, American crude output is surging, on track to be the highest ever, since 1970, while cracks start to form in OPEC’s latest agreement. In addition to the oil […]
YANGON Myanmar is to investigate whether police have committed abuses against Rohingya Muslims, the government has said, after officials promised that allegations of atrocities against members of the Muslim minority would be looked into. The U.N. human rights office said in a report this month Myanmar’s security forces had committed mass killings and gang rapes of Rohingya Muslims and burned their villages since October in a campaign […]
By Meng Meng and Josephine Mason | BEIJING BEIJING China is considering forcing steel and aluminium producers to cut more output, banning coal in one of the country’s top ports and shutting some fertiliser and drug plants as Beijing intensifies its war on smog, a draft policy document shows. The Ministry of Environmental Protection (MEP) has proposed the measures in a draft policy document seen by Reuters. […]
An award-winning Arabic-language film, Hedi, will be released with Arabic subtitles in the UAE, and across the region, as the local industry looks at ways to boost the popularity of Arab films in cinemas. This was one of a raft of measures to improve the popularity of Arab cinema, in the region and globally, discussed during a panel talk – New Prospects: Challenges and Opportunities in the […]
China’s largest property developer Dalian Wanda Group has set its sights on banks in Europe, including Germany’s Postbank, as it diversifies away from its core real estate business. The Beijing-based group led by China’s richest man is actively looking at several European financial institutions, three people familiar with the matter said. Postbank — which has been put up for sale by Deutsche Bank — was among the […]
Dubai, 12 February 2017 Emirates NBD (DFM: EmiratesNBD), a leading bank group in the region, held its tenth Annual General Meeting (AGM) at the Bank’s Headquarters. At the AGM, a review of the year ended 31st December 2016 was presented. Commenting on the business environment, Emirates NBD Chairman, His Highness Sheikh Ahmed Bin Saeed Al Maktoum, said, “The UAE continues to stand out as a resilient and […]
Top White House aide and policy adviser, Stephen Miller, sidestepped repeated chances during Sunday news shows to publicly defend embattled National Security Adviser Michael Flynn following reports that he engaged in conversations with Russian diplomat(s) about U.S. sanctions before Trump’s inauguration. The uncertainty came as Trump was dealing with North Korea’s apparent first missile launch of the year and his presidency, along with visits this week from […]
Bleak about the future of journalism? Here are some encouraging statistics: In 2015, ProPublica ended the year with $450,000 in small donations (contributions less than $10,000 that weren’t individually solicited). In 2016, that amount was $2.9 million. So far this year, that number is already more than $600,000. ProPublica received $4,500 from monthly recurring donations in the month of October. By January, that number had increased to […]
The Nellis Air Force Base in Nevada was teeming with activity late last month, but it had nothing to do with testing alien technology, nuclear bombs, or any other conspiracy theory. This time, the U.S. Air Force focused on improving operations to achieve better results during warfare. The Air Force held a Red Flag 17-1 on Jan. 24 to test out its multi-domain operations, and made a […]
Japan’s economy grew at an annualised pace of 1 per cent in the final quarter of 2016 as yen weakness spurred a pick-up in exports and business investment. The figure, which was broadly in line with analysts’ expectations for a 1.1 per cent rise, confirms Japan’s economy is back on track after a wobble last summer. Robust growth will reinforce the political popularity of Prime Minister Shinzo […]
The UK is set to import its first ever cargo of liquefied natural gas from Peru as a pricing dispute forces shipments to Europe, with growing supplies of the supercooled fuel carving out new export routes. Peru LNG loaded a vessel this week that has its destination listed as the UK, according to data on Lima-based Perupetro’s website. It is carrying about 61,146 metric tonnes of LNG. […]
Shown above are seawater battery pack (left) and seawater battery kit (right) developed by Professor Youngsik Kim’s reserach team at UNIST. Credit: UNIST Researchers at Ulsan National Institute of Science and Technology (UNIST) in South Korea will be working to develop a new battery, using abundant and readily available seawater. UNIST will be working with public organizations in the energy sector to develop a new type of […]
US President Donald Trump has warned US airlines that foreign rivals “bring big investments” while pledging to support them amid tough competition, in the latest indication of his stance in the ongoing dispute between Gulf and US carriers. The new president told a White House meeting with the country’s largest airlines, air freight companies and airports on Thursday that he would support the US aviation industry in […]
Quantum systems consisting of many particles are a major challenge for physicists, since their behavior can be determined only with immense computational power. Physicists have now discovered an elegant way to simplify the problem. (via WSJ)
Photo Prime Minister Benjamin Netanyahu of Israel said on Sunday that he and President Trump “have known each other for years.” Credit Pool photo by Gali Tibbon JERUSALEM — As President Trump appeared to shift closer to the political center on several contentious policies on Israel, Prime Minister Benjamin Netanyahu suggested on Sunday that it was unrealistic to expect their two countries to agree completely on all […]
BANGUI A top militant and three others were killed in Central African Republic when a U.N. helicopter fired on fighters advancing towards the town of Bambari, a rebel group said on Sunday. The UN’s mission known as MINUSCA shot at fighters from the Popular Front for the Renaissance of Central African Republic (FPRC), on Saturday after they crossed a “red line” it had set north of the […]
Parents, beware: accidental poisoning from pet medicines is likely to happen among children when less attention is given to storing these seemingly harmless veterinary medications. The warning in your disinfectant and pesticide packaging to “Keep Out Of Reach Of Children,” must be applied to pet medicines, too. Some 74.1 million households in the United States own at least one pet. There were at least 78 million dogs living in […]
Here are the big questions facing investors ahead of a new trading week. How long does a reprieve for French bonds last? After a burst of selling early last week, French debt was granted a reprieve with the 10-year benchmark yield easing back below 1.10 per cent. In turn, the divergence over 10-year Bund yields also pulled back from a four-year plus high. Traders remain nervous after […]
RIYADH U.N. Secretary-General Antonio Guterres said on Sunday the U.N. envoy to Yemen had his full support, days after Yemen’s Houthi group asked him not to renew the diplomat’s term due to what it said was bias against the Iranian-aligned movement. “Our envoy has my full support and I believe that he is doing an impartial work, that he is doing it in a very professional way […]
By Jeffrey Heller | JERUSALEM JERUSALEM Prime Minister Benjamin Netanyahu said on Sunday he would present “responsible policies” in talks with U.S. President Donald Trump, signalling to the Israeli far-right to curb its territorial demands in the occupied West Bank. Netanyahu leaves for Washington on Monday and will see Trump at the White House on Wednesday for their first meeting since the Republican’s inauguration last month, with […]
SEOUL South Korea’s special prosecutor said it would again summon Samsung Group scion Jay Y. Lee on Monday to question him on suspicion of bribery, as it investigates a graft scandal that has engulfed the country’s president. Last month, special prosecution officials questioned 48-year-old Lee for more than 22 hours straight, but a court rejected a warrant to arrest him in the inquiry into a scandal that […]
