Turkey’s lira fell to a record low on Tuesday amid concerns about rising inflation and the fallout from the new year’s day terrorist attack in Istanbul. The currency dropped 1.5 per cent to TL3.5993 against the dollar. The fall underlines investor disdain for a currency that fell 17 per cent in 2016, marking the second-worst performance among emerging market currencies after the Argentine peso. Political risk and […]
By Ueslei Marcelino | MANAUS, Brazil MANAUS, Brazil The Brazilian government will relocate gang leaders to other federal penitentiaries after the country’s deadliest prison massacre in decades left 56 inmates dead in a scene of mutilated and burned bodies this week, officials said on Tuesday. Justice Minister Alexandre de Moraes said authorities would move quickly to identify and transfer the gang bosses out of the crowded jail […]
A plan to significantly boost the 4G coverage in Brazil will be the bedrock of the new national broadband plan, to be launched by the government at the end of the first quarter of 2017. According to a statement released by the Ministry of Science, Technology, Innovation and Communications (MCTIC), boosting 4G is essential since the sheer size of the country and areas of low demographic density […]
By Humeyra Pamuk and Daren Butler | ISTANBUL ISTANBUL The gunman who killed 39 people in an Istanbul nightclub on New Year’s Day in an attack claimed by Islamic State appears to have been well versed in guerrilla warfare and may have trained in Syria, a newspaper report and a security source said on Tuesday. The attacker, who remains at large, shot dead a police officer and […]
Ummmm, spoiler alert? I guess? The great suspense surrounding the The New Celebrity Apprentice — whose new host is walking catchphrase Arnold Schwarzenegger (The Terminator, Terminator 2: Judgment Day, Terminator 3: Rise of the Machines, Terminator Genisys) — was what catchphrase he’d use while terminating people. Apparently the show’s executive producers decided that “You’re fired” had worn thin, and a lot of people thought “You’re terminated” would […]
LONDON Upbeat data from China helped lift global markets as 2017 trading started in earnest on Tuesday, with the dollar notching its biggest gain in three weeks, oil on a tear and European stocks setting a one-year high. Base metal prices and bond yields also advanced, as the better-than-expected factory growth in China dovetailed with higher inflation data in Europe to give investors a solid start to […]
It would only take 3,000 Uber cars to usurp regular cab services as the main form of transformation in New York City. That’s suggested by a new study conducted by the Massachusetts Institute of Technology, or MIT. New York City’s 14,000 licensed fleet of cabs could be beaten out by a significantly smaller number, that is, if users are willing to share rides through carpooling services Uber and Lyft, […]
Producers refute Mariah Carey’s ‘sabotage’ claim Dick Clark Productions has hit back at Mariah Carey’s claim the company sabotaged her live performance on its ‘New Year’s Rockin’ Eve’ special in Times Square. The star vocally stumbled through her set, failing to sing most of it, despite a pre-recorded track of her songs playing in the background. Carey’s representative Nicole Perna blamed technical difficulties and a faulty earpiece […]
Via GEFIRA, The rule of law is often invoked by as a Western value that “populist” movements want to destroy, yet the establishment’s own governments have long suspended that very same rule of law when it comes to immigration. The most evident example of this is the immigration policy started by the Italian Letta government in 2013 and continued since then under the Renzi government. In October […]
Australia’s National Broadband Network (NBN) company has revealed that as of October 28, it had four months to shift the 18,847 customers that are still connected to the interim satellite service (ISS) onto its Sky Muster or fixed-wireless services prior to the ISS shutdown at the end of February. NBN revealed when answering Senate Estimates questions on notice that it received 50,134 installation requests for Sky Muster […]
SEOUL U.S. President-elect Donald Trump’s comments on North Korea show he is aware of the urgency of the threat posed by its nuclear programme and will not waver from a policy of sanctions against the isolated country, South Korea said on Tuesday. North Korean leader Kim Jong Un said on Sunday his nuclear-capable country was close to test-launching an intercontinental ballistic missile (ICBM), raising the prospect of […]
Seven months after the leak of 11.5 million documents from a law firm in an incident that has come to be known as the “Panama Papers”, the world is right to ask what has been done since to fight global tax evasion and promote financial transparency. As president of Panama, and in particular through my interactions with the international community, it is clear that the affair shined […]
JAKARTA Indonesia has penalized JPMorgan Chase & Co after the investment bank’s research arm recommended a smaller exposure to the country’s sovereign bonds, a senior finance ministry official said on Tuesday. “After we did a comprehensive review, we said no need to use JPMorgan’s services as a primary (bond) dealer and a perception bank,” Suahasil Nazara, the head of the ministry’s fiscal policy office, told Reuters. A […]
Tesla is probably bracing itself for a deluge of last-minute customers after it announced that those who will purchase the company’s vehicles after Jan. 15 are no longer going to enjoy unlimited free access to its charging facilities. The new policy, when it was announced in November, states a Jan. 1 deadline. There is no reason given so far, but the two-week reprieve has given some consumers who […]
Funding activity for advertising technology start-ups has crashed to its lowest point in five years, underlining the struggle faced by the ad sector as Google and Facebookbecome dominant. Adtech, an umbrella term for companies that automate and facilitate the buying and selling of digital advertising, rose to prominence over the past five years, but appears now to be on the decline. The number of global adtech venture […]
Tuesday 05:05 GMT Overview Asian markets were in an upbeat mood in the first session for 2017, after a middling performance over the Christmas to New Year period during which Wall Street continued its retreat from recent record highs. Hot topic At the start of a new year, investors were wondering what the next 12 months would hold. Over the near term, one of the big issues […]
Two weeks after a Tunisian man, Anis Amri, whose German asylum request had been rejected, rammed a truck into a Berlin Christmas market and was later shot dead by Italian police, the German state prosuector’s office said on Monday that a Syrian migrant who arrived in Germany two years ago was arrested on suspicion of seeking money from the Islamic State, to drive truck bombs into crowds. […]
A blog post by Qualcomm accidentally leaked information about the Asus ZenFone AR, which is the second Google Project Tango-enabled smartphone and the first one to be powered by Qualcomm’s Snapdragon 821 processor. The post by Qualcomm that spoiled the Asus ZenFone AR was dated Jan. 4, which means that it was published earlier than planned as the smartphone was being prepared to be officially unveiled at […]
DUBAI // Fog has been the cause of flight delays, diversions and cancellations in recent days, which prompts the question, why? Most people would assume that fog would not pose much of a hindrance to technologically advanced aircraft, but that has been disproved. At Abu Dhabi International Airport on New Year’s Day, three flights were diverted – two were because the pilots were not certified to land […]
There’s no question that Russia wanted Donald Trump to win the 2016 Presidential campaign. Trump’s own tweets stated he wanted the Russians to hack Hillary Clinton’s email. The Democratic National Committee (DNC) email was hacked. But the Department of Homeland Security and Federal Bureau of Investigation’s Joint Analysis Report (JAR) on Russian cyber attacks doesn’t prove the Russians were behind the DNC hacks. The P.A.S. web shell […]
An analyst says it is unwise of politicians to get into heated quarrels with the royal families because it may cost them votes. PETALING JAYA: The spat between Tunku Mahkota Johor Tunku Ismail Sultan Ibrahim and Umno information chief Annuar Musa, should it escalate, could have an impact on voting patterns, says a political analyst. Faisal S Hazis of Universiti Kebangsaan Malaysia was commenting on Tunku Ismail’s […]
Photo The remains of a suicide car bombing on Monday in a bustling outdoor market in Baghdad’s eastern Sadr City district. Credit Karim Kadim/Associated Press BAGHDAD — A suicide bomber detonated a pickup truck loaded with explosives on Monday in a busy Baghdad market, killing at least 36 people hours after President François Hollande of France arrived in the Iraqi capital. The Islamic State later claimed responsibility […]
Venezuela has issued $5bn in new bonds to state-run Banco de Venezuela in a private placement, as it seeks cash for imports of food and medicine as the country struggles with critical shortages of basic goods. France-based Global Emerging Markets Group said it advised on structuring and executing the deal. The operation was underwritten by China’s Haitong Securities, according to two bond traders who had seen preliminary […]
LONDON Euro zone stocks opened 2017 by climbing to their highest in more than a year on Monday after data showed manufacturers in the currency bloc ramped up activity at the fastest pace in more than five years. With all of Asia’s major markets closed for the New Year holiday – along with Britain and Switzerland in Europe – trade was thin, which could cause some volatility. […]
