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The Dow Jones Industrial Average marched higher after hitting 20,000 for the first time on Wednesday as strong earnings and President Donald Trump’s pro-growth initiatives reignited a post-election rally. Trump has made several business-friendly decisions since taking office on Friday, including signing executive orders to reduce regulatory burden on domestic manufacturers and clearing the way for the construction of two oil pipelines. The S&P 500 and the […]

Dell is expanding its education options and now it’s offering more choices: its latest education laptops can now run either Windows 10 or Chrome OS. This week brought a number of affordable laptops and hybrids specifically designed for classroom use and a number of offers from both Google and Microsoft hold great potential. Dell is not playing favorites and its new education laptops are ready to go both […]

Donald Trump is pressing ahead with his controversial border security measures in his first week in office, including his plan to build a wall along the US-Mexico border. Mr Trump on Wednesday was expected to follow through on his signature campaign issue by ordering the government to use funds to start building the wall. He told ABC News that construction along the 2,000-mile border would begin “in […]

LONDON — Kuwaiti authorities hanged seven prisoners on Wednesday in a mass execution, including a member of the royal family. Five of the prisoners were foreigners: one each from Bangladesh, Ethiopia and the Philippines, and two from Egypt, according to the state-run KUNA News Agency. The prince who was executed was Faisal Abdullah al-Jaber al-Sabah, a captain in the Kuwaiti Army. He was convicted of premeditated murder […]

Dow 20,000 is here at last. No regular reader — or indeed, any sentient and sensible human being — should base any investment decision on the Dow. Its methodological flaws are irremediable. And in any case, round numbers should not matter. One brief illustration of the Dow’s primitive methodology will suffice. Just five of its stocks — Goldman Sachs, IBM, Boeing, UnitedHealth and JPMorgan Chase — account […]

BERLIN Germany, in unusually strong criticism of Israel, said on Wednesday plans to build 2,500 more settlement homes in the Israeli-occupied West Bank put in doubt Israel’s stated commitment to a two-state solution with the Palestinians. Israel announced the plans on Tuesday in the second such declaration since U.S. President Donald Trump took office signalling he could be more accommodating toward such projects than his predecessor Barack […]

BRASILIA Brazilian public health officials are working to stop an outbreak of yellow fever that has killed at least 40 people in Brazil from becoming an epidemic, urging people to seek vaccinations in nine of the country’s 26 states. The Health Minister said on Tuesday that 70 cases of the fever and 40 deaths have been confirmed in the outbreak centered in rural areas of the state […]

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Tribune Media CEO Peter Liguori is leaving Tribune Media after three years leading the TV news and entertainment company. Liguori, who will step down in March, said in a statement his decision to exit the company that needed “a new leader” to navigate the broadcast-centric corporation. Tribune Media — then known as Tribune Company — spun off its newspapers into a separate company, Tribune Publishing, in 2014. Its […]

Contemporary dance, live music, affordable art and specialised tours of some of Dubai’s leading galleries are all part of this weekend’s Quoz Arts Fest. Taking place in Alserkal Avenue and the surrounding areas, the event is back for its fifth edition, with more than 30 venues participating in the free festival. Alserkal Avenue director Vilma Jurkute says the fact that the event has grown since its inception […]

Wednesday 14:35 GMT Overview Major global stock markets are rallying as the Dow Jones Industrial Average breaches 20,000 amid revived hopes for faster US growth. Benchmark sovereign bonds yields are rising, but oil and gold prices are moving lower despite a weaker dollar. Hot topic The “Trump trade” is back on and it has the Dow through 20,000 for the first time? The average, though a price-weighted […]

All but one of the students were enrolled in the Deferred Action for Childhood Arrivals program, also known as DACA. Created in 2012 by an Obama-administration executive action, DACA allowed teenagers and young adults who came to the United States illegally as children with their parents to register with the government and in turn receive a two-year renewable protection against deportation, along with work permits and Social […]

The Dow Jones Industrial Average on Wednesday rose above 20,000 points for the first time marking a milestone for Wall Street’s venerable equity barometer as the Trump trade that stalled at the onset of 2017 resumes. The gauge of blue-chip companies climbed 0.5 per cent to 20,014 in opening trading, as US equities extended their record-setting rally that began after the presidential election in November. Investors have […]

After Trump’s executive order to accelerate the Keystone XL and Dakota Access pipelines, angry environmental groups reacted quickly by denouncing Trump’s actions, and promising legal action and White House protests. “Donald Trump has been in office for four days, and he’s already proving to be the dangerous threat to our climate we feared he would be,” said Michael Brune, the executive director of the Sierra Club. He […]

By James Pomfret and Fathin Ungku | HONG KONG/SINGAPORE HONG KONG/SINGAPORE Hong Kong said on Wednesday the Singapore government would not be criminally prosecuted over a licensing breach in the Chinese-ruled city in connection with the seizure of nine armoured vehicles in November. Hong Kong authorities seized the Singapore military’s troops carriers in November, as they were on their way home from military exercises in Taiwan. After […]

Developer Omniyat has revealed plans for a new twin-tower residential project close to the new Dubai Canal, featuring a total of 343 apartments. The Sterling building will contain one-bedroom homes starting at 1,000 sq ft with two-bedrooms at 1,700 sq ft and three-bedrooms at 2,600 sq ft, Omniyat said in a statement. It added that it has appointed Sun Engineering and Contracting Company as the main contractor […]

Dubai International Airport, the hub for Emirates airline, expects passenger growth to slow over the next eight years due to capacity limitations, the operator’s chief executive said on Tuesday. The world’s busiest international airport registered 7.2 percent passenger growth in 2016 to 83.6 million, operator Dubai Airports said in a statement. It is the airport’s second slowest growth rate in at least eight years, according to Reuters […]

Wednesday 05:05 GMT Overview Major stock markets across Asia were mostly positive, buoyed by a record high for the S&P 500 in the US and by stronger prices for base metals supporting materials stocks. Hot topic The Australian dollar was the big loser among Asian currencies, down 0.5 per cent at $0.7541 against its US counterpart after inflation data for the December quarter fell short of economists’ […]

Until recently, oil rich Gulf states could afford to ignore global bond markets. While developed and developing countries issued record sums of debt in the years after the financial crisis, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates used the vast oil wealth to propel themselves to affluence. The states — members of the six-country Gulf co-operation council — built skyscrapers, schools and motorways […]

ASTANA: Russia and regional powers Turkey and Iran backed a shaky truce between Syria’s warring parties on Tuesday and agreed to monitor its compliance, but on the ground fighters faced continued fighting on two fronts which could undermine the deal.After two days of deliberations in Astana, Kazakhstan’s Foreign Minister Kairat Abdrakhmanov said the powers had agreed in a final communique to establish a system “to observe and […]

Cisco said it will acquire AppDynamics, which monitors application performance and business metrics, in a deal valued at $3.7 billion. The purchase gives Cisco more software heft and broadens its reach in analytics. AppDynamics was planning to become a public company. The combination of Cisco, a networking and data center giant, and AppDynamics isn’t that surprising. After all, AppDynamics brings a platform that can analyze application performance […]

By Julia Edwards Ainsley | WASHINGTON WASHINGTON President Donald Trump is expected to sign executive orders starting on Wednesday that include a temporary ban on most refugees and a suspension of visas for citizens of Syria and six other Middle Eastern and African countries, according to several congressional aides and immigration experts briefed on the matter. Trump, who tweeted on Tuesday night that a “big day” was […]

Authorities in the United Arab Emirates have opened an investigation into a visit by Kim Kardashian to a Dubai government children’s charity this month and suggested it undermined local values, a state-owned newspaper reported. Kardashian concluded a brief stay in the Gulf Arab emirate last weekend, shopping at the sprawling Mall of the Emirates and attending a masterclass there on makeup. However, the Emarat al-Youm newspaper quoted […]

By Mitra Taj and Teresa Cespedes | LIMA LIMA A top Latin America executive of Brazil’s Odebrecht SA [ODBES.UL] pushed back against calls to bar the company from countries where it has admitted to bribery across the region, warning “radical” reactions would jeopardise its ability to pay penalties. Odebrecht is “struggling to survive” in the wake of a growing graft scandal in Latin America and wants to […]

Investors are signalling a stronger US economy and the risk of rising inflation under the Trump administration, as robust price gains for precious and industrial metals have this month spurred a rise in miners’ shares. MSCI’s ACWI Metals & Mining index, a broad barometer that tracks companies around the world, has rallied nearly 15 per cent in 2017, the strongest year-to-date showing in more than a decade, […]

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