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 […]
Muscat, November 28, 2016 Bank Sohar is pleased to announce that it has recently been awarded the ‘Best Public Awareness Campaign Middle East Road Safety’ award on a regional level and across the Banking sector at the recently held IQPC Middle East – Qatar Transport Safety Awards which took place recently at the St. Regis Hotel Doha, Qatar. The award, which marks the Bank’s 12th award of […]
By Drazen Jorgic | ISLAMABAD ISLAMABAD There will be no immediate shift in Pakistan’s military policy under the new army chief, the country’s defence minister said, after Prime Minister Nawaz Sharif appointed a new military leader on Saturday. Lieutenant General Qamar Javed Bajwa will replace retiring army chief Raheel Sharif when his three-year term ends on Tuesday, a rare example of a smooth transition in a nation […]
U.S. President-elect Donald Trump on Monday said his administration will scrutinize what he called “abuses” of visas amid speculation that he intends to restrict the flow of skilled workers into his country. In a two-minute video posted on YouTube, Mr. Trump for the first time since the Nov. 8 election articulated to the public what he plans to do during his first 100 days in office. “On […]
Photo Browns quarterback Josh McCown (13) being sacked by Giants defensive end Jason Pierre-Paul during the fourth quarter. The Giants’ defense finished with seven sacks and eight tackles for a loss. Credit Gregory Shamus/Getty Images CLEVELAND — Like pushing on an open door, the Giants handled the winless Cleveland Browns on Sunday afternoon, with wide receiver Odell Beckham Jr. overcoming a thumb injury early on to catch […]
In these volatile times, gold is more important than ever. Bonner & Partners’ Bill Bonner explains in this two-part series, the importance of ‘real money’ and why you need it now… Many years ago, before the invention of modern money or capitalism, people still had wealth – although limited. And they still had ways of keeping track of it. The principle of “fair trade” seems to be […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices fell over 1 percent on Monday, extending declines from last Friday as doubts re-emerged over the ability of major producers to cut output at a planned meeting on Wednesday aimed at reining in global oversupply. Brent crude futures LCOc1 were trading at $46.40 per barrel at 0035 GMT (7.35 a.m. ET), down 84 cents, or 1.8 percent, from their […]
Saudi Arabia’s energy minister Khalid al-Falih said on Sunday that he believed the oil market would balance itself in 2017 even if producers did not intervene in it. Any intervention will aim to expedite the balancing process, Falih told reporters at the headquarters of national oil giant Saudi Aramco. Under a preliminary agreement reached in September in Algeria, the Organisation of the Petroleum Exporting Countries would reduce […]
By Elias Biryabarema | KAMPALA KAMPALA The Ugandan authorities said on Sunday 41 tribal insurgents and 14 police officers were killed in clashes in the west of the country, and the tribal king of the area near the border with the Democratic Republic of Congo was detained. The police, who announced the death toll on Twitter, said the clashes took place in the Rwenzori region, where there […]
