London’s FTSE 100 stands apart as the global laggard among major stock indices with investors giving it a wide berth almost a month since the election of Donald Trump. The performance reflects concern over Brexit negotiations hurting the shares of companies exposed to the UK economy while the pound’s recent rebound against the dollar and the euro offsets the boost for resource stocks from rising crude and […]
By Lawrence Hurley | WASHINGTON WASHINGTON President Barack Obama’s legal defence of some key initiatives including his signature healthcare law is collapsing as courts put cases on hold until after President-elect Donald Trump, hostile to the policies, assumes office on Jan. 20. The pending conservative legal challenges could undo important elements of Obama’s presidential legacy if Trump, as expected, opts not to defend the Obama policies in […]
Wall Street climbed on Tuesday as telecom stalwarts AT&T and Verizon gained and bank shares added to their torrid post-election rally, helping the Dow set another record closing high. The S&P financial sector .SPSY rose nearly 1 percent, lifted by a 2.2 percent gain for Wells Fargo (WFC.N). The bank’s chief executive told an investor conference it will see a near-term profit hit because of the sharp […]
The US Supreme Court has thrown out a $399m patent damages award against Samsung to Apple, in a unanimous verdict in favour of the Korean electronics group. The five-year-old case between the two smartphone market leaders could now continue for much longer, after the justices ordered the lower Federal Circuit court of appeals to reconsider the basis upon which the damages were originally calculated. While the decision does not […]
A Turkish-Arab fund plans to spend up to about 300 million euros ($322 million) to redevelop a luxury seaside resort outside Greece’s capital Athens, bringing significant foreign investment into the cash-strapped country, the fund said on Tuesday. Greece concluded in October the sale of a 90 percent stake in the Astir Palace hotel complex to the Jermyn Street Real Estate Fund as part of a key privatisation […]
Popular web hosting company GoDaddy has acquired start-up company WP Curve, which offers services and support for WordPress sites. GoDaddy Buys WP Curve Dan Norris and Alex McClafferty created WP Curve three years ago as a catch-all services provider for WordPress sites. It offers services such as boosting security, increasing search engine traffic and more. It has almost 1,000 subscribers and over 44,000 orders completed since its conception. Specific details […]
A man holds up his mobile phone showing a M-Pesa mobile money transaction page for the photographer at an open air market in Kibera in Kenya’s capital Nairobi (Reuters/Noor Khamis). This post features a conversation with Georgia Levenson Keohane, executive director of the Pershing Square Foundation, adjunct professor of social enterprise at Columbia Business School, and author of Capital and the Common Good: How Innovative Finance is […]
Hedge fund manager Pierre Andurand has returned almost 15 per cent this year by betting on a recovery in oil prices and he forecasts the rally has further to run after Opec’s agreement last week to cut supplies. The French founder of Andurand Capital, which has grown to be one of the world’s largest oil funds, returned 6.1 per cent in November as he positioned for crude’s […]
By Crispian Balmer | ROME ROME When former Italian president Giorgio Napolitano tapped Matteo Renzi as prime minister in February 2014, he urged his younger colleague to change the constitution in order to make it easier to govern Italy. Early this year, Napolitano fretted that Renzi was taking the wrong approach in doing so. A referendum on the constitutional changes had been called. But instead of focusing […]
“It’s something different,” Rose said recently. “Something to relax you. Something to stimulate your mind and help you out in the long term as far as clearing your mind. There’s different things you can do; I don’t take it for granted. Whenever I see those types of things, I try to focus in on it because you never know whether it gives you an advantage if you […]
By Angus McDowall , John Davison and Stephanie Nebehay | BEIRUT/GENEVA BEIRUT/GENEVA Syria’s army and allies closed in on areas near Aleppo’s Old City on Tuesday, looking closer than ever to achieving their most important victory of the five year civil war by driving rebels out of their last urban stronghold. Rebels said on Tuesday they would never abandon Aleppo, after reports that U.S. and Russian diplomats […]
Solar panels, which convert sunlight into electricity, are a key player in the fast-growing renewable energy sector, which also includes water- and wind-generated electricity The climate-friendly electricity generated by solar panels in the past 40 years has all but cancelled out the polluting energy used to produce them, a study said Tuesday. Indeed, by some calculations, the so-called “break-even point” between dirty energy input and clean output […]
The petrochemical sector helped carry Saudi Arabia’s stock market to a fresh one-year closing high on Tuesday after crude oil prices hit a 17-month peak. The main Saudi index added 0.7 percent to 7,155 points in extremely heavy turnover with gainers outnumbering losers 139 to 18. The index is now up 3.5 percent year-to-date. The petrochemical sector stayed strong; it has been contributing to the market’s positive […]
By Costas Pitas | LONDON LONDON When Chinese President Xi Jinping visited Britain last year and went for a drink with then Prime Minister David Cameron, he walked away with a smile on his face. Now China has walked away with the pub. “The Plough at Cadsden” in the heart of the English countryside will go down as one of the more unusual UK buys for Chinese […]
Several European companies in China have been unable to remit dividends abroad following new exchange controls, in the first confirmation that a complicated approval process for making payments out of China is having a wider impact than first indicated. The EU Chamber of Commerce in Beijing said the payment difficulties experienced by EU companies were “disruptive to business operations”. The measures, introduced on November 28, appear designed […]
MOSCOW: Russia’s top diplomat on Tuesday accused Washington of backtracking on planned talks in Geneva over a pullout of opposition forces from Syria’s Aleppo to “buy time” for those battling leader Bashar Assad.“It looks like an attempt to buy time for the rebels to have a breather, take a pause and replenish their reserves,” Foreign Minister Sergei Lavrov told journalists, saying Moscow had the impression “a serious […]
There are differences in the way men and women observe visual information, reports a team of researchers from Queen Mary University of London. From the way the people scan the faces, it is possible to tell if the participant was a male or a female with accuracy of 80 percent, notes the researchers. ( Cindy Ord | Getty Images for Garrett Leight California Optical ) A team […]
This punk never had a chance. He entered the lion’s den of a soft spoken man who systematically destroys his opponents in verbal combat — tearing them limb by limb until nothing is left. In this episode of ‘You Can’t Cuck the Tuck’, Tucker Carlson took on a meek, sub 100 IQ, college student who wants to ‘fire’ Gary Cohn from the Board of Trustees at American […]
By Jonathan Cable | LONDON LONDON Britain will most likely leave the European Union having signed a bilateral trade agreement, according to a Reuters poll of economists on Tuesday that also suggested there remains little chance of the country slipping into recession. Since the June 23 decision to leave the EU, Britain’s economy has performed much better than had been previously feared. The Bank of England is […]
By Katy Migiro NAIROBI (Thomson Reuters Foundation) – Food rations to more than 400,000 refugees in Kenya have been halved due to severe funding shortages, and existing supplies will run out completely at the end of February, the United Nations said on Tuesday. Kenya hosts 434,000 refugees from 21 countries, mainly from war-torn neighbouring South Sudan and Somalia, in two overcrowded camps on its northern borders. “We […]
newslide Jimmy Kimmel to host Oscars Late night television presenter Jimmy Kimmel has been give Oscar hosting honours for the next instalment of the Academy Awards in February. It will be a first for the comedian, who has hosted Jimmy Kimmel Live! on ABC since 2003. Kimmel was praised for his work as host of this year’s Emmy awards. Kimmel tweeted, “Yes, I am hosting the Oscars. […]
Lego is undertaking the biggest organisational shake-up in its 84-year history, in a move aimed at exploiting its toy brand more broadly after a decade of strong growth for the maker of plastic bricks. Under the Danish toymaker’s new structure, its current chief executive, Jorgen Vig Knudstorp — who rescued the brand from near financial collapse in 2004 — will become chairman, taking over from Niels Jacobsen. […]
HONG KONGThe corruption crackdown ordered by Chinese President Xi Jinping is reliant on a secret system of detentions and torture beyond the reach of the formal Chinese criminal justice system, a U.S.-based human rights group said in a report on Tuesday. Human Rights Watch, which released its study in Hong Kong, called for the abolition of the system known as shuanggui, through which it alleges that confessions […]
Submitted by Brian Cloughley via Strategic-Culture.org, Britain, China, France, Russia and the United States are the world’s five «nuclear weapons states», a description officially recognised in the Nuclear Non-Proliferation Treaty (NPT), which lays down that «each nuclear-weapon State Party to the Treaty undertakes not to transfer to any recipient whatsoever nuclear weapons or other nuclear explosive devices…» It is apparent that the word ‘transfer’ involves ownership and not location, […]
