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Canceling nearly 90% of cash in circulation cost India the mantle of world’s fastest-growing large economy in 2016, the International Monetary Fund said, though it categorized the slowdown as temporary. India’s growth slowed to 6.6% last year from 7.6% in 2015, according to the fund’s latest World Economic Outlook, which estimates that China’s economy grew by 6.7% in 2016. The fund expects India’s expansion to bounce back […]

By Nigel Stephenson | LONDON LONDON Investors sold sterling and stocks on Monday, seeking shelter in gold and the Japanese yen as uncertainty over Britain’s departure from the European Union and the policies of U.S. President-elect Donald Trump curbed appetite for risky assets. U.S. markets were closed for the Martin Luther King Day holiday, crimping market activity and potentially exacerbating price moves. The dollar .DXY rose, except […]

Sunday, then, was the good fortune they felt was overdue. Even after the Cowboys — led by their poised rookie quarterback Dak Prescott — tied the score, 28-28, in the fourth quarter. Even after they tied it again, 31-31, the Packers weren’t rattled. Photo Packers tight end Jared Cook kept his feet in bounds to make a key reception at the end of the game. Credit Smiley […]

Traders are anticipating big swings in the pound, ratcheting up the cost of hedging against sterling volatility in preparation for fast-moving developments in the UK’s ever-more fractious relationship with the EU. Theresa May’s Brexit speech that she will deliver on Tuesday has already caused big shifts in the pound, following weekend media reports about its likely content. However, traders are now weighing up the impact of Donald […]

Saudi Arabia will adhere strictly to its commitment to cut output under the global agreement among oil producers, its energy minister said on Monday, expressing confidence that OPEC’s plan to prop up prices would work. Saudi Energy Minister Khalid al-Falih, speaking at an industry event in Abu Dhabi, also said he was encouraged by signs of commitments by other participants in the deal since it took effect […]

Turkey’s biggest headache, its crashing currency which the central banks appears unable to contain due to an Erdogan order not to hike rates, could soon translate into another major problem. According to two senior economy officials, Turkish inflation could reach double digits in the first quarter for the first time in almost five years as a result of the lira’s falls, putting more pressure on the central […]

By Isabel Coles | MOSUL, Iraq MOSUL, Iraq Iraqi special forces battled Islamic State militants in districts near the Tigris river in Mosul on Monday as they sought to bring more of the east of the city back under government control. The latest clashes occurred in the neighbouring Shurta and Andalus districts. At least three Islamic State suicide car bombs targeted Iraqi forces in Andalus. There was […]

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Dubai, January 16, 2017 Panacea Medical & Wellness Centre, a multi-specialty primary health care facility in Dubai, has received the Health Award for distinguished CSR contribution at the Annual Health Awards, jointly hosted by the Department of Economic Development (DED), Dubai and the HEALTH magazine, today. The award was presented to Panacea Medical & Wellness Centre by His Excellency Humaid Al Qutami, Chairman of Board of Directors […]

By Alessandra Prentice | KIEV KIEV Outgoing U.S. Vice President Joe Biden called on Monday for sanctions on Russia to stay, urging the world to stand up to its “coercion and aggression” after President-elect Donald Trump mooted ending the measures under a possible deal with Moscow. Speaking on a swan song visit to Kiev, Biden said the G7 nations and European Union should lift the sanctions only […]

Driverless: Intelligent Cars and the Road Ahead • By Hod Lipson and Melba Kurman • MIT Press • 328 pages • ISBN: 978-0262035224 • £19.95 / $29.95 There is an old joke that has Bill Gates, then CEO of Microsoft, boast to the CEO of General Motors that if Microsoft built cars, they would cost $25 and get 1,000 miles per gallon. The GM CEO is supposed […]

BEIRUT Fighting between Islamic State and the Syrian army has killed dozens since Saturday in Deir al-Zor, where the militant group has launched an assault to capture a government enclave in the city, a monitoring group reported. At least 82 people have been killed in the fighting, which is the heaviest in the city for a year, the Syrian Observatory for Human Rights said on Monday. The […]

Celebrity photographer Anthony Horth is using his most persuasive Australian charm and flattery to keep Paula, a Brazilian model, relaxed and smiling during their first shoot together. Paula looks a picture of elegance as she sits on a “wedding throne” at Emirates Palace, surrounded by white tulips and draped in more than US$4 million (Dh14.6m) of diamonds. But it is not the jewels that ­former Vogue photographer […]

The clock was dwindling, and a charging Cowboys lineman was just feet away as Rodgers, throwing in the opposite direction of his momentum, lofted a pass roughly 40 yards in the air toward Cook. Continue reading the main story “At that time, the quarterback’s best friend is muscle memory,” Rodgers later said. “You’re gauging your speed, the receiver’s path, the trajectory of the throw — all these […]

US companies have rushed to renegotiate their loans at the start of the year, taking advantage of strong investor demand for debt that is more insulated against an expected rise in interest rates.  January’s re-pricing volume has already reached $41.6bn — the highest monthly volume since January 2013 with a further two weeks before the month ends, according to data from LCD, an offering of S&P Global […]

By Stephen Kalin | MOSUL, Iraq MOSUL, Iraq When four rockets crashed into his east Mosul home in November, Abu Abdel Malik’s 60-year-old step-mother was killed instantly. But she wasn’t properly buried for more than a month. Fighting in Zuhur district and surrounding areas was too intense during that period to transport the body to the main cemetery in the suburb of Gogjali, just 5 km (3 […]

Submitted by Mike Shedlock via MishTalk.com, Conventional wisdom suggests National Front candidate Marine le Pen will make it to the second round in French elections, then lose in a landslide to whoever her opponent happens to be. I believe le Pen’s odds of winning it outright are far better than most think. Current Polls Chart from Wikipedia, with image clips added. Top Five candidates Marine le Pen: […]

Source: United Nations University Hong Kong and Singapore in 2015 produced the highest volume of e-waste in the region, generating 21.7kg and 19.95kg, respectively, per capita. At 19.13kg per capita, Taiwan rounded up the top three e-waste producers, while China more than doubled its production between 2010 and 2015–at 107 percent–to 6.7 million tonnes. Across East and Southeast Asia, the average e-waste generation per capita was 10kg […]

China on Monday approved the resignations of two of Hong Kong’s top officials, including its financial secretary, paving the way for them to contest a March election to become the next chief executive of the financial hub. China’s State Council has accepted the resignations of financial secretary John Tsang, and of Carrie Lam, the city’s chief secretary, the official Xinhua news agency said. The former British colony […]

The PNP chief also calls on the public to stop using the term ‘Tokhang for ransom,’ saying it ‘hurts’ the police force Bea Cupin Published 4:40 PM, January 16, 2017 Updated 4:40 PM, January 16, 2017 KIDNAPPING CASE. PNP chief Ronald dela Rosa (right) says SPO3 Ricky Sta Isabel has since surrendered to the NBI, which is under Justice Secretary Vitaliano Aguirre II (left). File photo by […]

France held the first session of the conference in June, after the United States and others effectively gave up. Talks had broken down, and Mr. Netanyahu’s government had drawn international anger with its continued settlement activity in the West Bank and East Jerusalem, a red line for the process set out years before by Secretary of State John Kerry and other leaders. Continue reading the main story […]

The pound has fallen below the $1.20 mark for the first time since the October “flash crash”, ahead of a speech on Tuesday when UK prime minister Theresa May is expected to signal that Britain will fully break out of the EU’s common market after Brexit. The UK currency fell as much as 1.6 per cent to a low of $1.1986 against the dollar in early Asian […]

South Korean prosecutors are seeking an arrest warrant for Samsung Electronics vice chairman Lee Jae-yong for his role in the bribery scandal involving the country’s president The request follows their quizzing of him on Friday, which lasted over 22 hours, over whether Samsung knowingly paid Choi Soon-shil, a close friend to President Park Geun-hye, bribes to have a controversial merger of its affiliates approved. The court will […]

DUBAI/TEHRAN: Iran will not renegotiate its nuclear agreement with world powers, even if it faces new US sanctions after Donald Trump becomes president, Deputy Foreign Minister Abbas Araghchi said on Sunday.US “hostility” to Iran is growing day by day despite Tehran’s nuclear deal, the senior Iranian official said, ahead of the first anniversary of the historic accord.“The United States has done whatever it can do (to) slow […]

By Ben Hirschler | DAVOS, Switzerland DAVOS, Switzerland Trust in governments, companies and the media plunged last year as ballots from the United States to Britain to the Philippines rocked political establishments and scandals hit business. The majority of people now believe the economic and political system is failing them, according to the annual Edelman Trust Barometer, released on Monday ahead of the Jan. 17-20 World Economic […]

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