India has emerged as one of the most prominent victims of November’s market turmoil. The twin shocks on Nov. 8 of Donald Trump’s U.S. election victory and Indian Prime Minister Narendra Modi’s currency crackdown have unleashed a wave of selling in stock and foreign-exchange markets. It is the latest reversal for Western investors banking on an economic revival in the world’s second-most populous nation. Mr. Modi has […]
On the heels of Jeff Gundlach‘s “there’s going to be a buyer’s remorse period” warnings yesterday, the other ‘bond king’ has raised similar fears that the Trump rally is overdone (as are the prospects for growth behind it). Putting aside the book-talking as their bond portfolios suffer, Gross echoes Gundlach’s “Trump’s not the wizard of oz” comments, noting that the next president faces serious structural headwinds and […]
Service launches in Turkey with more cities to go live in Pakistan, Saudi Arabia and Egypt Dubai, December 1, 2016 Fueled by its market expansion strategy to broaden the reach of its services within the Middle East, North Africa and South Asia, Careem, the region’s leading app based car booking service, recently launched operations in Istanbul Turkey. Within the GCC itself, Careem is answering the high demand […]
Symantec After four years of investigation, Europol, and other agencies have moved against the prominent Avalanche botnet platform which acted as a hub for malware campaigns worldwide. Europol publicly disclosed the operation on Thursday, made possible through partnerships with the FBI, the US Department of Justice (DoJ), the German Public Prosecutor’s Office Verden Eurojust and technology firms including Shadowserver and Symantec. Law enforcement agencies moved 30 November […]
Good morning. Here’s our daily summary of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. Since Jim VandeHei and John Harris proved most everybody to be idiots, VandeHei can only hope that reflexive suspicion of his new gambit again proves to be entrepreneurial bliss. The two journalists famously pitched the notion of an all-politics digital […]
Investors poured money into US equity funds and pulled it from European ones in a week dominated by hopes for an acceleration in US economic growth and anxiety over Italy’s referendum on constitutional reform this weekend. European equity funds lost $2bn in the week to November 30, according to data from EPFR, while US funds attracted $4.4bn. That takes the total inflow for US equity funds since […]
Despite powering dashboards for at least two years, Android Auto lacked a Google service that is probably one of the most useful for driving, which is the OK Google voice command. Interestingly, the feature had a low-key rollout. As of this writing, Google has not officially issued a statement announcing the update. If not for Reddit user neo5468, the world would probably have trundled on, without ever […]
A head of steam for Italian government bond yields. There are no signs of jitters in the eurozone’s third largest debt market this morning in the last day of trading before the country votes in a closely-watched referendum this weekend. Italy’s 10-year bond yields have fallen by as much as 10 basis points this morning (0.1 percentage points) to 1.95 per cent, outperforming a wider rally in […]
Since the Maltese Parliament and government have not taken concrete action on tax avoidance and evasion, even in light of the Panama affair, Alternattiva Demokratika said it hopes that EP inquiry will shed light where others have failed. Alternattiva Demokratika Chairperson, Prof. Arnold Cassola, said: “The European Parliament administration yesterday approved the request from the ‘Committee of Inquiry into Money Laundering, Tax Avoidance and […]
Coutts, the taxpayer-owned bank, provided offshore services to controversial clients including a member of the Brunei royal family accused of stealing billions from his own country, and a banker charged with assisting the sons of Egypt’s deposed president, Hosni Mubarak, in financial crime. Known as the Queen’s bank after its most famous customer, Coutts is revealed to have managed secretive tax haven structures for the Sultan of […]
By Anshuman Daga and Marius Zaharia | SINGAPORE SINGAPORE Singapore’s central bank imposed penalties on the local units of U.K.-based Standard Chartered (STAN.L) and private bank Coutts for money laundering breaches related to Malaysia’s scandal-tainted 1MDB fund and said it was nearing the end of its probes. The penalties – of S$5.2 million ($3.65 million) and S$2.4 million, respectively – were the latest punitive measures taken by […]
By now, you know the photo — some version of it, anyway. President-elect Donald Trump is smiling over a bowl of young garlic soup. Across the table, former Republican nominee and current Secretary of State candidate Mitt Romney is smiling tightly underneath his furrowed brow. The photo, taken at Jean Georges in Trump Tower Tuesday, has since taken on a life of its own on social media, […]
There aren’t very many tourists on my flight from New York to Kingston – it’s mostly Jamaicans going home. The tourists usually favour the trip to Montego Bay, from where they’re immediately shuttled into carefully cloistered resorts and served a jolly medley of reggae and other clichés of island life along with the necessary TVs, ATMs, fast-food chains, souvenir shops and multiple pools. Many travellers who visit […]
Tim Leissner, the former star dealmaker for Goldman Sachs in Southeast Asia, is to be banned from Singapore’s securities industry for 10 years over breaches relating to the multibillion-dollar scandal at Malaysia’s troubled state investment fund 1MDB, while Standard Chartered and Coutts have both been fined. Mr Leissner, who joined Goldman in Asia in 1998 and helped raise $6bn for 1MDB with three bond issuances, is being […]
By Greg Torode and Marius Zaharia | HONG KONG/SINGAPORE HONG KONG/SINGAPORE As the impounding of Singaporean troop carriers in Hong Kong exposes rising tensions between China and Singapore, the Lion City is unlikely to budge on core security interests concerning Beijing – its military relationship with Taiwan, worries over the South China Sea and its hosting of the U.S. military. Singaporean officials, retired military officers and analysts […]
Submitted by Jake Anderson via TheAntiMedia.org, Some of the weirdest and most disturbing advertisements ever created are done so for military campaigns. They come in the form of propaganda leaflets, which are dropped by air or otherwise disseminated into a country or territory that is being invaded. Virtually every war since the beginning of the 20th century has produced these leaflets, which are also known as psyops […]
By Joseph Guyler Delva and Makini Brice | PORT-AU-PRINCE PORT-AU-PRINCE The winner of Haiti’s presidential election, Jovenel Moise, vowed on Thursday to reform the constitution and tackle corruption when he takes office next year. The electoral council said Moise won a majority of votes and prevailed by more than 25 percentage points, according to preliminary results for the Nov. 20 vote that Haitians hoped would put the […]
Three weeks after India invalidated its largest bank notes overnight, cash shortages are choking the world’s fastest-growing large economy. While it is too soon for much of the pain to be read from broad economic indicators—in India, even monthly ones, such as industrial output, are released with considerable lag—early signs are coming in. Some of them imply the disruption might not be as deep, or as long-lasting, […]
By Yimou Lee and Aye Win Myint | YANGON YANGON A team led by former U.N. chief Kofi Annan arrived in Myanmar’s northwestern Rakhine State on Friday to address the plight of Rohingya Muslims, amid an army crackdown that has killed at least 86 people and sent 10,000 fleeing to Bangladesh. Annan will spend a day in the state capital, Sittwe, before travelling to the north, which […]
By Roslan Khasawneh | SINGAPORE SINGAPORE Oil prices slipped on Friday as some investors opted to cash out after Brent touched 16-month a high on Thursday, with optimism over this week’s OPEC-Russia accord on cutting output giving way to questions on the “sticking point” of implementing the deal. International Brent crude oil futures LCOc1 were trading at $53.36 per barrel at 0446 GMT, down 58 cents, or […]
ABU DHABI // This National Day, a celebration of 45 years of the UAE, is an opportunity to pay tribute to the country’s remarkable progress and its Rulers. Around the country, Emiratis, residents and tourists are expected to flock to public places to celebrate the occasion. Aziz Al Shamsi, 45, an Emirati, said National Day was a day of unity for all who live in the UAE. […]
US technology shares are on track to log their worst week in seven months as investors shifted their focus to equities that will benefit from the soaring price of oil and the policies of the Trump administration. The S&P 500 technology index, a measure of large companies in the sector, has declined by 3.3 per cent since last Friday. The fall would represent the steepest drop since […]
The measure calls for making the annual financial disclosures of D.C. court judges similar to those already required for federal judges — and making those reports available to the public. While D.C. Court judges’ paychecks come from the federal government, the judges have not been held to the same standard as federal judges when it comes to publicly disclosing their financial affairs. The measure also includes several other […]
Fully operational since July, Electrochaea’s one-megawatt BioCat facility near Copenhagen converts excess electrical power from wind turbines and waste CO2 from the neighboring water treatment plant into methane for the natural-gas grid. Credit: Ronnie Ranch Hedegaard, courtesy of Electrochaea One of the biggest challenges to wider adoption of wind and solar power is how to store the excess energy they often produce. A technology developed at the […]
