Photo Syrians fleeing rebel-held parts of eastern Aleppo moved on Sunday toward an area controlled by Kurdish fighters. Credit Rumaf, via Associated Press BEIRUT, Lebanon — Thousands of people were sent fleeing for their lives on Monday as rebel fighters lost a large stretch of territory in the northern Syrian city of Aleppo to government forces and Kurdish fighters, in what could prove to be a turning […]
Mariah Idrissi was shopping at the Westfield London mall when she was stopped in her tracks by a stranger who asked to take her photo. Decked out in a tracksuit, a turban-style hijab and without any make-up on, she found herself being scouted by fashion label H&M. Sceptical at first as to why a western company might want a covered Muslim woman to model for them, Idrissi […]
CARACAS Venezuela’s bolivar currency has depreciated an unprecedented 60 percent in a month against the U.S. dollar on the black market to trade at nearly 3,500 on Monday, according to the widely-tracked web site DolarToday. That makes the largest-denomination note of 100 bolivars now worth less than 3 U.S. cents in the crisis-hit OPEC nation. Such is the currency chaos that Venezuelans often carry rucksacks full of […]
By Ulf Laessing | MOSUL, Iraq MOSUL, Iraq Islamic State has arrested dozens of Mosul shop owners accused of raising food prices in the nearly besieged city, to tamp down discontent as a U.S.-backed offensive closes in on the group’s last major stronghold in Iraq, residents said on Monday. The arrests took place on Sunday morning in Bursa, a commercial district in the western part of the […]
Monday 12:00 GMT. Overview Stock markets in Europe are slipping back, led by losses for embattled Italian financials, on concern about potential contagion spreading from the sector into the eurozone financial system after Italy’s reform referendum. Meanwhile the dollar is cooling after its sustained run higher, with the index tracking the world’s reserve currency against six of its rivals down 0.1 per cent, although it is holding […]
Bail in risk – €4 Trillion Italian banking system at risk as referendum looms Sunday according to Financial Times Concerns of multiple bank failures – Eight banks at risk of failure and bail ins Monte dei Paschi di Siena, third largest by assets and mid-sized banks Popolare di Vicenza, Veneto Banca and Carige and four smaller banks Italy’s banks have €360 billion of problem loans Contagion poses risks to Unicredit, […]
ISTANBUL Turkey’s emergency rule, instituted in the days immediately following the July 15 failed coup, will continue as long as necessary, Deputy Prime Minister Numan Kurtulmus told a news conference on Monday. President Tayyip Erdogan has previously said emergency rule – initially introduced for three months and subsequently extended for another three – could continue for beyond a year. Erdogan declared a state of emergency days after […]
Monday 11:30 GMT. Overview The dollar is cooling after its sustained run higher, with the index tracking the world’s reserve currency against six of its rivals down 0.5 per cent, although it is holding the 100-point mark at 100.940. Stock markets in Europe are slipping back, led by losses for embattled Italian financials. Hot topic Oil is likely to loom large over the week before Wednesday’s Opec […]
By Ju-min Park | SEOUL SEOUL South Korean President Park Geun-hye cannot be questioned by Tuesday as prosecutors have requested, her lawyer said, as she resists growing calls to resign over an influence scandal that has engulfed her administration. Park is under intense pressure to step down over the crisis involving a close friend accused of meddling in state affairs, with the main opposition party seeking to […]
Nov 28, 2016 12:27 pm IST Thousands of people thronged the streets of New Delhi to celebrate India’s lesbian-gay-bisexual-transgender community on Sunday. Members of the LGBT community and their supporters marched at the annual Delhi Queer Pride Parade, shouting slogans and holding placards amid growing calls to decriminalize gay sex in the country. Section 377 of the Indian penal code, a colonial-era law that was reinstated by […]
SEOUL South Korea’s Samsung Electronics Co Ltd (005930.KS) will consider splitting itself into two as proposed by U.S. activist hedge fund Elliott Management, Seoul Economic Daily reported on Monday citing an unnamed source. A split would allow the heirs of the founding Lee family to strengthen their grip on the global smartphone leader, the crown jewel of the Samsung Group business empire. Elliott proposed a split in […]
BEIJING China said on Monday it had lodged a protest with Singapore after Singaporean armoured troop carriers were seized by Hong Kong customs en route back from Taiwan, as a state-owned newspaper warned against Singapore’s “hypocrisy”. The nine troop carriers were impounded in Hong Kong last week, sparking a rebuke to Singapore from China’s foreign ministry about maintaining military ties with self-ruled Taiwan, which China considers a […]
Theresa May will launch a charm offensive in a bid to win Polish support in the forthcoming Brexit negotiations, as pressure grew to guarantee the status of migrant workers. Mrs May will host Polish prime minister Beata Szydło and other senior Polish politicians at a meeting in Downing Street on Monday that will focus on Brexit and defence co-operation, and seek to ease diplomatic tensions caused during […]
It’s laudable that Trump wants to bring factories back to USA. But how about virtual, monetary factories? Moving financial institutions such as banks, insurers, brokerage houses, exchanges, and other institutions brings the most bang for the buck when it comes to revitalizing America’s economy. As we explain in Splitting Pennies, even though money doesn’t exist, it’s the most important part of a healthy economy. The business climate […]
By Nelson Acosta and Ana Isabel Martinez | HAVANA HAVANA Cubans will begin massing on Havana’s Revolution Square from Monday for a week-long commemoration of Fidel Castro, the communist guerrilla leader who led a revolution in 1959 and ruled the Caribbean island for half a century. Castro died on Friday at the age of 90, a decade after stepping down due to poor health and ceding power […]
Volkswagen signed a deal on Sunday to assemble cars in Algeria in a joint venture with its local car importer SOVAC, aiming for a production capacity of more than 100 vehicles per day from June 2017, VW and Algerian officials said. The cars will be assembled at a $170 million plant in the western province of Relizane, Algerian Industry Minister Abdesselam Bouchouareb said at a signing ceremony […]
Industry eyes opportunity to reinvest at higher yields and leave low rate era behind ©Noam Galai/WireImage/Getty Donald Trump may be just what the global insurance industry needs. Shares in several of the sector’s largest companies have outperformed the market strongly since the US election, on hopes that a prolonged squeeze on their returns is finally drawing to a close. Years of ultra-low rates have eaten away at […]
By Lisa Barrington | BEIRUT BEIRUT Several thousand residents of rebel-held eastern Aleppo fled shifting frontlines, residents and a monitor said on Sunday, after a rapid advance by the Syrian army and allied forces that rebels fear could split their most important urban stronghold in two. The army and its allies took control on Saturday of the large Hanano housing district, on the northeast frontline of the […]
Photo The Crewe Alexandra sports academy. Barry Bennell, a former youth soccer coach who has been accused of molesting young players, once worked for the Crewe club. Credit Phil Noble/Reuters England’s Football Association, which remained largely silent for almost two weeks as former players came forward with accusations of sexual abuse by coaches in the country’s soccer development system, announced Sunday that it was broadening an internal […]
TOKYO Oil prices tumbled on Monday on fears that producer countries may fail to agree an output cut, pressuring U.S. stocks and the dollar as traders reversed their “Trumpflation” trade as weak oil prices would reduce pressure on U.S. interest rates to rise. That gave some relief to Asian shares, which had underperformed on worries about capital flight to higher-yielding U.S markets in the weeks since Donald […]
Details regarding Apple’s rumored iPhone 8 have been making the rounds over the last couple of weeks. A new report claims the company is working with LG on a new 3D dual-lens camera. Ever since Apple released the iPhone 6 and iPhone 6 Plus in 2014, the company has used more than just the larger 5.5-inch displays of its Plus models to differentiate it from its 4.7-inch […]
By Roberta Rampton and Dustin Volz | PALM BEACH, Fla./WASHINGTON PALM BEACH, Fla./WASHINGTON U.S. President-elect Donald Trump said in a tweet on Sunday that he won the popular vote in the Nov. 8 election “if you deduct the millions of people who voted illegally”, though he provided no evidence of widespread voter fraud. The allegation by Trump, who won the required votes in the Electoral College to […]
SAO PAULO Lewis Hamilton’s pet bulldog Roscoe, who occasionally accompanies the triple Formula One world champion to races, has had his sperm frozen to ensure he can have puppies in future. Hamilton, racing at what could be a title-deciding Brazilian Grand Prix, revealed the news on an instagram account (roscoelovescoco) set up in his pets’ names and followed by nearly 100,000 fans. “Roscoe in great spirits. Due […]
Your daily guide to community and cultural activities across the Emirates for November 28, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Film screening Catch a screening of City of God as part of the Cinema Space series at Manarat Al Saadiyat. The Brazilian 2002 film about crime and redemption is based on a […]
