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Submitted by Mike Krieger via Lberty Blitzkrieg blog, Today’s piece should be seen as a bit of a followup to yesterday’s post, India’s Demonetization Debacle Highlights the Dangers of Monetary Monopoly. While yesterday’s piece was more philosophical/strategic in nature, today’s zeroes in on some of the devastating real world impacts of Narendra Modi’s insane and inhumane cash ban. It’s hard to overstate the damage this policy has done to […]

The Asus Chromebook Flip is currently one of the most popular Chromebooks in the market, with its multi-form design, decent specifications and affordable price. The Asus Chromebook Flip is also the first one to gain access to the Google Play Store from the built-in Chrome OS to download Android apps. However, through a leaked listing on Newegg, the next Chromebook by Asus has been revealed. Could the upcoming Asus […]

ABU DHABI // More Emirati teachers are resigning because they overworked and underpaid while their grievances are not being heard, according to a member of the Federal National Council. “They are continuing to leave and there is still a shortage of teachers for some subjects,” said Salem Al Shehhi, a member from Ras Al Khaimah. “They tried to speak to officials at the ministry and their managers […]

Cristina Fernández de Kirchner, Argentina’s former president, has been charged over corruption accusations in public works projects, marking the most significant legal setback for the embattled populist leader. Judge Julián Ercolini cleared the way on Tuesday for legal proceedings against Ms Fernández in what is the second of several cases being investigated to go to trial. She was indicted in May over allegations of manipulating the central […]

After a two-year experiment with free markets, the pain of low oil prices forced the world’s biggest producers to join forces in 2016 and tackle a global supply glut. Saudi Arabia-led Opec and non-member countries, primarily Russia, agreed after months of discussion and back channel diplomacy to cut production for the first time since the global financial crisis. Prices look set to end the year in the […]

By Andrew Osborn and Tom Perry | MOSCOW/BEIRUT MOSCOW/BEIRUT Russia’s foreign minister on Tuesday said the Syrian government was consulting with the opposition ahead of possible peace talks, while a Saudi-backed opposition group said it knew nothing of the negotiations but supported a ceasefire. In an interview with Interfax news agency, Sergei Lavrov did not say where the consultations were taking place or which opposition groups were […]

Dec. 27, 2016 6:57 p.m. ET The conviction rate for blasphemy in Indonesia is 100%, and that’s bad news for Basuki Tjahaja Purnama. The talented Jakarta Governor faces up to five years in prison after a court decided Tuesday that prosecutors have a credible case against him for making lighthearted comments about the Quran. A conviction will deprive Jakarta of an able administrator and reformer, but the […]

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LOS ANGELES // Actor Carrie Fisher, who found enduring fame as Princess Leia in the original Star Wars, has died. She was 60. Fisher’s daughter, Billie Lourd, said her mother had died on Tuesday just before 9am. Fisher was “loved by the word and she will be missed profoundly”, Ms Lourd said. Fisher had been in hospital since Friday when she suffered a heart attack on board […]

Gazprom has submitted proposals to Brussels in an effort to bring to an end a five-year long antitrust probe into the company, it said on Tuesday. The Russian state-controlled energy giant, which did not disclose details of its offer, said that the plan sought to address the European Commission’s concerns “to the extent it is reasonable and possible”. “We hope that the commission — and ultimately the […]

Google plans to start the new year with a security message. (Image: Google) Beginning next month, the company will tag web pages that include login or credit card fields with the message “Not Secure” if the page is not served using HTTPS, the secure version of the internet protocol. The company on Tuesday began sending messages through its Google Search Console, a tool for webmasters, warning them […]

WASHINGTON In a new legal development on the controversy over former Secretary of State Hillary Clinton’s emails, an appeals court on Tuesday reversed a lower court ruling and said two U.S. government agencies should have done more to recover the emails. The ruling from Judge Stephen Williams, of the U.S. Court of Appeals for the District of Columbia Circuit, revives one of a number of legal challenges […]

By Yashaswini Swamynathan Wall Street was higher on Tuesday, with the Dow Jones Industrial Average resuming its climb toward 20,000 and the Nasdaq hitting a record as technology and health stocks rose. The blue-chip index has been riding on a post-election rally, feeding on optimism that President-elect Donald Trump’s plans for deregulation and infrastructure spending would bolster the economy. The index, which came within 13 points of […]

DUBAI // A chance encounter with a badly disfigured stray cat during a visit to a park spurred a family to help find new homes for the emirate’s unwanted animals. Sajid Shafique, his wife Iram and their daughter Miriam came across the scruffy feline on a trip to Creek Park. It was in such a bad condition that they decided to nurse it back to health. “It […]

India’s Parsis are one of the most successful minority and migrant groups in the world. They make up less than 0.005% of India’s population but three out of the country’s top 10 billionaires. They fled Iran and settled in India in the 10th century and have since played an outsized role in the evolution of India’s economy as pioneers of trade and industry. For centuries, prominent Parsis […]

By Jeffrey Heller | JERUSALEM JERUSALEM The Jerusalem municipality, undeterred by a U.N. anti-settlement resolution, is due to consider on Wednesday requests for construction permits for hundreds of new homes for Israelis in areas that Israel captured in 1967 and annexed to the city. Israel is still fuming over the resolution approved last Friday by the United Nations Security Council that demands an end to settlement activity […]

The low-for-long era is over. Central banks, fiscal activism and populism pricked the bond bubble in 2016. Next year will be a lot worse for bond investors, and the aftershocks of the burst will spread across many other assets. Since the crisis, investors have been buying bonds for capital gains and equities for yield, trusting in the holding hand of easy monetary policy. However, today the central […]

I am retiring from the Poynter Institute on New Year’s Eve. As my wife and I watch the ball in Times Square slide down to 2017, our fervent smooch will not just mark a new beginning. It will be the first celebration of almost 40 years well-spent. When my retirement was announced — along with the news that I would continue to work on some important projects […]

By Andrew Osborn and Peter Hobson | MOSCOW MOSCOW Russia has found the main flight recorder from a military plane that crashed into the Black Sea killing all 92 on board, the Defence Ministry said on Tuesday, amid unconfirmed reports that authorities had grounded all aircraft of the same type. The recorder, one of several reported to be on board, contains information that could help investigators identify […]

Engineers test a four-metre-tall humanoid manned robot dubbed Method-2 in a lab of the Hankook Mirae Technology in Gunpo, south of Seoul, on December 27, 2016. The giant human-like robot bears a striking resemblance to the military robots starring in the movie “Avatar” and is claimed as a world first by its creators from a South Korean robotic company. A giant South Korean-built manned robot that walks […]

By Patrick Graham | LONDON LONDON Share prices inched higher on Tuesday as trading in some of the world’s major financial markets resumed after a Christmas break, with oil and the dollar also rising marginally. Concerns about Italian banks, Chinese growth and U.S. President-elect Donald Trump’s protectionist bent look set to keep investors on edge into the start of 2017. But expectations the new administration will splash […]

M-Station is largest power plant in the UAE with total cost reaching AED 11.62 billion and will produce 2,760MW on completion Dubai, UAE, 27 December 2016 Dubai Electricity and Water Authority (DEWA) has announced that it has completed 53% of the M-Station expansion project. The M-Station is the newest and largest power production and water desalination plant in the UAE. DEWA completed 3.9 million safe man-hours without […]

Since achieving global fame in 2000, Coldplay have elicited devotion and derision in equal measure. The question, then, is whether the British four-piece are one of the best bands of their generation – or the most overrated? Rob Garratt and Saeed Saeed state their cases. They are overrated Coldplay produce quintessentially mundane muzak for the masses. They are utterly innocuous, bitterly anodyne and completely forgettable audio dishwater, […]

Toshiba warned the market that it could book an impairment loss of “several billion dollars” at its troubled US nuclear division and reconsider its presence in that industry as accounting issues returned to blight one of Japan’s biggest industrial names. With Toshiba’s financial position becoming more clouded by the announcement, its chief executive, Satoshi Tsunakawa, told a press conference on Tuesday night in Tokyo that the company […]

The eurozone’s biggest stock markets are closing in on double-digit gains for the final quater of 2016, as a combination of resurgent banks shares and a weaker euro entice investors into a region that has disappointed for much of the year. On Tuesday’s return from the Christmas break, Germany’s Xetra Dax 30 advanced 0.1 per cent in early afternoon trading, and is now up more than 9 […]

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