By Lewis Krauskopf | NEW YORK NEW YORK Arguing over politics is a Thanksgiving Day tradition, but Donald Trump’s presidential election adds a new twist to any bickering at next week’s holiday dinner table: What the new U.S. government could mean for your stock portfolio. Trump’s shock victory last Tuesday sent investors scrambling to change bets predicated on a win by Hillary Clinton, leading to huge stock […]
Both Google and Apple rely on its individual app stores as an added selling point for its smartphone products, because what’s a smartphone without the apps? Simply banking on a huge library, however, is only a small part of the equation. Apps need to have an inherent retention power. They must provide enough features and perform excellently in order to remain situated in a user’s app tray. […]
Several union leaders in recent days said the signs of many members’ reluctance to support Clinton were visible before the election, and the Democratic Party must reconsider its approach to working-class voters. Harold Schaitberger, the general president of the International Association of Fire Fighters, said its politically active union didn’t endorse either Clinton or Trump because internal polling showed its members were too divided. It was the […]
BEIRUT: Doctors and nurses at a pediatric hospital in eastern Aleppo scrambled Friday to evacuate babies in incubators from underground shelters to safety after the facility in the besieged Syrian city was bombed for the second time this week. Medics and aid workers also reported a suspected attack involving toxic gas in a district on the western edge of the province. At least 12 people, including children, […]
The cast of artists, curators, architects and academics who assembled to speak at this year’s Abu Dhabi Art are doing so, primarily, with local or regional themes as their focus. Idris Khan, the British artist behind the UAE’s new national memorial, is speaking about his role in the project, and the Italian sculptor, Giuseppe Penone, is talking about his commission for the new Louvre Abu Dhabi, while […]
China has weakened the renminbi’s trading band for a record 11th straight day, taking its currency to an eight-year low as expectations of US interest rate rises buoyed the dollar against the region’s currencies. This puts the renminbi within a hair’s breadth of suffering a 10 per cent decline versus the dollar since the People’s Bank of China caught markets by surprise with its one-off devaluation in […]
DUBAI // A teenager from the UAE is one of the top three finalists for this year’s International Children’s Peace Prize. Kehkashan Basu, 16, a pupil at Deira International School in Dubai, was selected from a record 120 entries by the international children’s rights organisation KidsRights, which runs the annual competition. The Indian, who was nominated for the prize by her father, has been campaigning to protect […]
Neel Kashkari picked a bad day to try to fix the financial system. As the president of the Federal Reserve Bank of Minneapolis unveiled a plan to safeguard the biggest banks on Wednesday morning, shares in the likes of JPMorgan Chase, Bank of America and Citigroup were coming off five days of frantic gains. Analysts, meanwhile, were still pumping out research notes, trying to guess what a […]
President-elect Donald Trump, who faces dozens of lawsuits from his business dealings, has agreed to pay $25m to resolve claims brought by New York state and thousands of students alleging he ran a fraudulent real estate course. The settlement includes a lawsuit filed by Eric Schneiderman, New York’s attorney-general, who sued Mr Trump, The Trump Entrepreneur Institute, formerly known as Trump University, and Michael Sexton, the former […]
Already, many Israelis and Palestinians are buzzing about the prospect. Where would the embassy go? Would it straddle the line between West Jerusalem, which is predominantly Jewish, and East Jerusalem, which is predominantly Arab? Would it touch off street protests in Palestinian cities or a backlash among Arab allies like Egypt and Saudi Arabia? Continue reading the main story “Jerusalem is a symbolic, emotional and real issue,” […]
The UAE’s workers will get a three-day holiday to mark UAE National Day and Commemoration Day at the start of next month. The Federal Authority for Government Human Resources has announced that public and private sector worker will have a holiday from Thursday December 1 to Saturday December 3, giving one day off from the regular working week. Workers will return to work on Sunday December 4. […]
You can read a fuller analysis of the markets moves here. Donald Trump’s shock presidential election victory wrongfooted many investors and triggered a convulsion across financial markets — although not always in the way analysts expected. Here are some charts that show how markets have been upended by the unconventional Republican candidate’s triumph and expectations that he will unleash a big economic stimulus package of tax cuts […]
Friday 17:00 GMT. Wall Street slipped as the dollar climbed to a new 13-year high and US government bond yields hit multi-month peaks on Friday on expectations that president-elect Donald Trump’s policies will boost the economy and deliver tighter monetary policy. After a mixed Asia-Pacific session, which included Japanese equities entering a bull market, the pan-European Stoxx 600 slide 0.3 per cent. Investors have been eyeing the […]
Click on to the “secret” Pantsuit Nation Facebook group – a Hillary Clinton support community of sorts – and the first post you’ll find is one written by the administrators. Part of the post lays out the dos and don’ts of the group: DO post positive stories; DON’T post memes; DO invite like-minded individuals and report posts that seem “out of line”; DON’T share the stories, outside […]
You can read our charts-based explainer here. Sometimes the end of an era comes imperceptibly, with it only becoming apparent long after the fact. But many investors are in little doubt that Donald Trump’s election victory loudly trumpets that an entirely new market regime is nigh. The subsequent shockwaves — which sent equities powering higher on stimulus hopes, bonds crashing on inflation fears and emerging markets quaking […]
U.S. stocks looked set to open little changed on Friday, with all three major indexes near record highs, a day after Federal Reserve Chair Janet Yellen sent a strong signal that interest rates would be increased next month. The Fed could raise rates “relatively soon”, Yellen said in a congressional testimony on Thursday, adding that she would serve out her term. Traders are pricing in an 83 […]
The market interpretation of the US election result can be expressed in just three letters, repeated several times: “USA! USA! USA!” Amid the noise that followed last week’s election victory for Donald Trump, one signal was clear — whatever the outcome will be the US, it will be far worse for the rest of the world in general, and emerging markets in particular. Outside of financial crises, […]
HONG KONG Chinese telecoms equipment group ZTE Corp (000063.SZ) (0763.HK) said on Friday it has won a further reprieve to Feb. 27 on export restrictions that were imposed on the company by the U.S. government. In March, the U.S. Commerce Department hit ZTE with some of the toughest-ever U.S. export restrictions for allegedly breaking sanctions against Iran but has since issued temporary reprieves on the curbs. The […]
WOLFSBURG, Germany Volkswagen (VOWG_p.DE) unveiled plans to cut 23,000 jobs in Germany to help achieve 3.7 billion euros ($3.92 billion) in annual savings by 2020 to turn around its core brand and help fund a shift to electric and self-driving cars following its emissions scandal. The agreement foresees a 25 percent improvement in productivity at German plants, the company said at a news conference on Friday. The […]
From the moment we step into a doctor’s office or hospital ward, technology is used to test, diagnose and treat us. It ranges from things we consider basic, such as the stethoscope and thermometer, to some incredibly advanced technologies that tell us the intricacies of our brains or what’s going on inside a small joint. At Cleveland Clinic Abu Dhabi, a 24-hour epilepsy-monitoring unit is revolutionising the […]
18 November 2016 MARC has affirmed the rating of AAA(fg) on special purpose vehicle TRIplc Ventures Sdn Bhd’s (TVSB) RM240.0 million Senior Medium-Term Notes (Senior MTN) Programme with a stable outlook. Both the affirmed rating and outlook are premised on the credit strength of an unconditional and irrevocable guarantee provided by Danajamin Nasional Berhad (Danajamin) on the Senior MTN obligations. Danajamin carries a financial insurer rating of […]
Friday 06:00 GMT. The US dollar continues to push higher and sovereign bonds remain under pressure, while major equities benchmarks are on track to finish the week on a positive note. European bourses are expected to open firmer, with spreadbetters predicting the UK’s FTSE 100 will add 5 points to 6,800 and Germany’s Dax to gain 30 points to 10,716. US index futures suggest the S&P 500 […]
Findings of a new study have revealed another danger of getting bitten by mosquitoes. It turns out that these bugs that carry Zika virus and chikungunya virus can infect people with two viruses in a single bite. Chikungunya And Zika Virus In One Bite For the new study presented at the 2016 Annual Meeting of the American Society of Tropical Medicine and Hygiene on Nov. 14, researchers found […]
When Iran conducted a mass hanging in August of Sunni prisoners accused of attacks in its restive western Kurdish region, the executions were widely criticized as an egregious human rights violation. But death-penalty opponents also were appalled at what came next. Videos that showed apparently coerced confessions of the prisoners — interwoven with ominous-sounding music and clips of unrelated assaults by militants of the Islamic State — […]
