By Tom Westbrook | SYDNEY SYDNEY Australian police said on Friday they had foiled a plot to attack prominent sites in the city of Melbourne with a series of bombs on Christmas Day that authorities described as “an imminent terrorist event” inspired by Islamic State. Police laid terrorism charges against one man, and were expected to charge at least three others, after authorities conducted overnight raids on […]
By Michael Shields and Arno Schuetze | ZURICH/FRANKFURT ZURICH/FRANKFURT Credit Suisse and Deutsche Bank have been hit with a combined penalty of more than $12 billion over the sale of U.S. toxic debt, further hampering two of Europe’s leading investment banks as they grapple with falling profits. The penalty puts them at a further disadvantage to larger U.S. rivals. Credit Suisse (CSGN.S) agreed in principle to pay […]
DUBAI // While the cool weather makes this time of year perfect for enjoying the outdoors, residents of a Dubai community have spent the past two weeks locked indoors with their windows shut. The Remraam community in Jebel Ali has been plagued by a foul odour of sewage, which residents said was making them ill. Louise Woods, who has been living in Remraam Community since July, said […]
Deutsche Bank and Credit Suisse have agreed to pay out billions to resolve a probe into the alleged mis-selling of mortgage-backed securities at the height of the US housing bubble, striking deals before the Trump administration takes power. The deals came as federal prosecutors announced they were suing Barclays and two of its executives over the issue of allegedly fraudulent residential mortgage-backed securities. The suit followed the breakdown of talks […]
Net redemptions from emerging market equity funds reached a five-week high in the latest week amid pressure from the rising dollar and uncertainty about trade policy in the US, especially with China. Investors withdrew $3.7bn from emerging market equity funds in the week to Wednesday, according to EPFR Global, with Asia ex-Japan equity funds seeing net redemptions of $2.36bn, the largest since September of 2015. China equity […]
By James Pearson | SEOUL SEOUL As hundreds of thousands of South Koreans poured into the streets every weekend for two months to call for President Park Geun-hye to resign, the opposition’s leading contender to replace her appeared reluctant to seize the moment. That is changing as Moon Jae-in, a 63-year-old human rights lawyer who lost the 2012 election to Park by more than a million votes, […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. It could be a dinner akin to the disastrous ones in “Meet the Parents,” “Talladega Nights” and “Wedding Crashers.” Or maybe “American Beauty,” where newly unemployed Kevin Spacey turns to his wife (Annette Bening) and daughter (Thora Birch) and says […]
Although students at Abu Dhabi’s Future Rehabilitation Centre achieve varying degrees of independence after they graduate, the ideal is to land a job. One such graduate to have achieved this is Eid Al Shamsi, a 21-year-old Emirati who is now working at the Ministry of Interior’s human rights department. When he was a boy, Mr Al Shamsi had initially been enrolled in a private school, where he […]
For Lindsay Lohan, adopting new roles and changing her image seems to have become as much a part of her personal life as it was in her acting career. Following well-documented struggles with addiction, turbulent relationships and a somewhat chequered history as an actress, the 30-year-old is embracing her latest real-life role. She has become a self-proclaimed humanitarian campaigner for Syria and Turkey, in addition to reportedly […]
Friday 02:50 GMT Overview Asian markets not already shut for the holidays went into retreat, following a negative lead from Wall Street as investors took a breather ahead of the Christmas break. Hot topic Most major global stock markets were on track to finish December in the black, continuing the rally set off by Donald Trump’s presidential election victory in early November. In Asia, Japanese equities have […]
Europe’s Airbus signed a firm contract on Thursday to sell 100 jets to IranAir, completing a return by Western plane giants and paving the way for deliveries to start next month, a year after sanctions against Iran were lifted. The deal took weeks of shuttling between Airbus headquarters in Toulouse, France, and Tehran, complicated by a shortage of expert legal advice as Iran completes its biggest commercial […]
The Beyond the Net Funding Programme is proud to announce the results of our November 2016 grant application cycle. This cycle, we received 39 amazing applications from around the world. The project ideas were varied, original, and focused on helping local communities. It was hard, but the Selection Committee managed to pick six projects for funding. These projects were selected for their uniqueness, structure and the benefits […]
SHANGHAI A massive load of garbage, including needles and broken bottles, has washed ashore on an island close to Shanghai, after two ships allegedly dumped more than 100 tonnes of waste in the Yangtze River, the Shanghai Daily reported on Friday. China’s speedy industrial development has seen it struggling to regulate waste disposal, leading to toxic waterways and cities blanketed in smog. The waste has been floating […]
Constellation Research hopes you all have a great holiday season this year with friends and family. In the spirit of recognizing memorable achievements in the tech industry, we also want to use this occasion to announce the winners of Constellation’s first annual Enterprise Awards. The winners were selected through a combination of internal voting and heated debate among Constellation’s analyst team. Each category also includes a number […]
Mr. Trump, who last week nominated as ambassador to Israel a bankruptcy lawyer who heads a fund-raising effort for a West Bank settlement, made clear on Thursday that he would not wait for his inauguration to weigh in. In a statement, he said bluntly that the resolution should be vetoed. Continue reading the main story “As the United States has long maintained, peace between the Israelis and […]
A Hoaxy search reveals articles that claim cannabis cures cancer. The graph on the left shows the rise in these claims over the past five months. The graph on the right shows the claim’s spread on social media. Credit: Indiana University The Observatory on Social Media at Indiana University has launched a powerful new tool in the fight against fake news. The tool, called Hoaxy, visualizes how […]
As journalists grapple with the rise of fake news, it’s worth examining what happens when policymakers embrace misinformation instead of evidence when it comes to climate change. In September, YourNewsWire breathlessly told its readers that thousands of scientists had declared climate change “a hoax.” This was big news — at least on Facebook — where the YourNewsWire post was shared more than 550,000 times, making it the […]
By Amy Tennery | NEW YORK NEW YORK A JetBlue airline passenger, who media outlets and a witness described as making angry remarks at the sight of Ivanka Trump on his flight, was removed from the plane on Thursday by the airline. JetBlue Airways Corp (JBLU.O) confirmed in a statement that a passenger had been removed from a flight set to depart from New York’s John F. […]
Now that you have a new internet media streaming device, you’ll need something to watch on it. I cut the cord in 2009 and here are the best services I’ve found since then. Cord-cutting and video-streaming is replacing traditional cable and satellite TV. Jonathan Alcorn/Reuters/Corbis Before launching into it, though, you should know things are changing. Cord cutting is no longer remarkable, it’s normal. The media companies […]
WASHINGTON The U.S. military said on Thursday it killed 28 members of the militant group al Qaeda in the Arabian Peninsula in nine strikes in Yemen since September. The statement from U.S. Central Command did not say how the strikes, which occurred between Sept. 23 and Dec. 13, were carried out. (Reporting by Eric Beech; Editing by Mohammad Zargham) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(”); var median = (relatedItemsTotal / […]
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. consumer spending increased modestly in November as household income failed to rise for the first time in nine months, suggesting the economy slowed in the fourth quarter after growing briskly in the prior period. The economy, however, remains on solid footing as other data on Thursday showed new orders for capital goods rising last month amid demand for machinery, indicating […]
Vladimir Putin and Donald Trump on Thursday called for the strengthening of their countries’ nuclear capabilities. Speaking at a meeting of defence chiefs in Moscow, Mr Putin said Russia needed to “strengthen the strategic nuclear forces, for that we should develop missiles capable of penetrating any current and prospective missile defence systems”, according to the Tass news agency. Mr Putin claimed Russia’s military was able to repel […]
The seizure of all of Aleppo by Mr. Assad and his allies signals a turning point in the nearly six-year conflict. Continue reading the main story Mr. Assad’s army relied heavily on foreign military support from Russia, Iran and Shiite militias like Lebanon’s Hezbollah to surround the rebel-held area. Months of shelling and airstrikes that killed hundreds of people and reduced entire neighborhoods to rubble finally routed […]
ANKARA Bana Alabed, the young Syrian girl who drew global attention with her tweets from Aleppo before being evacuated to Turkey this week, says she hopes to go back to her hometown one day and fulfil a dream. “When I grow up I want to become a teacher and go back to Aleppo and teach the children of Aleppo,” Bana told Reuters in an interview in Ankara […]
