After months of sending government troops to battle militants blowing up oil pipelines in the Niger Delta, Muhammadu Buhari tried a different tack. The Nigerian president invited the region’s community leaders and traditional rulers to his villa this month for talks — a step energy sector executives hoped could halt a wave of sabotage since January that has cost the country billions of dollars in damages and […]
Brent crude oil dropped below $44 a barrel on Monday to hit its lowest level for three months, as a strengthening US dollar and doubts over Opec’s ability to agree supply curbs when it meets this month led to funds selling out of the market. Hedge funds and other large speculators have been paring their bets on higher oil prices for the past month, with the latest […]
Supermoons occur when a full moon or new moon coincides with the Moon’s closest approach to the Earth on its orbit. Monday’s supermoon, technically know as a perigee-syzygy of the Earth-Moon-Sun system, was the biggest and the brightest since 1948, with the Moon appearing 14 per cent bigger and 30 per cent brighter, astronomers said. At a distance of 356,509 kilometres from Earth, the Moon was also […]
NEW YORK A measure of U.S. inflation expectations held mostly steady at low levels in October, with only some momentum higher, according to a Federal Reserve Bank of New York survey taken before Americans voted in this month’s presidential election. The survey of consumer expectations, an increasingly influential gauge of prices for the U.S. central bank, found that inflation is expected to be identical one and three […]
newslide Bollywood superstars Shah Rukh Khan and Aishwarya Rai-Bachchan recently shared a few moments of screen space in Karan Johar’s Ae Dil Hai Mushkil. The duo seem to have well and truly buried their longtime hatchet that started with Rai-Bachchan’s unceremonious ouster from Shah Rukh Khan’s 2002 production, Chalte Chalte, due to her rocky relationship with Salman Khan. According to reports in several Indian newspapers, Khan and […]
A global bond market rout intensified on Monday while the dollar strengthened as investors bet that US president-elect Donald Trump’s mix of economic stimulus and protectionism will herald faster growth and the return of inflation. Since Mr Trump’s surprise win in last week’s election, investors have begun to question long-held consensus forecasts for subdued inflation and mediocre growth that underpinned a rally in bonds over the summer. […]
US bank shares have staged the sharpest recovery rally since Wall Street emerged from the financial crisis in 2009, underlining the stark shift in investor sentiment that has gathered pace since Donald Trump captured the US presidency. The S&P 500 banks index, a gauge of the largest US banks, has turned a year-to-date fall that, at its worst, reached almost 25 per cent, to a gain of […]
An aspiring weatherman in Kentucky has been charged with arson after he allegedly started a wildfire and then uploaded the video on Facebook. The 21-year-old Johnny Mullins admitted to the crime of starting the wildfire, according to the local police chief. Starting A Wildfire For Facebook Views “It’s really too bad because he’s not a bad kid — he’s just misguided,” said Jenkins, Kentucky police chief James Stephens. […]
By Elias Glenn and Kevin Yao | BEIJING BEIJING China’s economy largely showed further signs of steadying in October as expected, but disappointing retail sales growth and fears of U.S. trade frictions under incoming President Donald Trump are increasingly clouding the outlook. Fixed-asset investment quickened slightly and beat expectations in January-October as the government stepped up infrastructure spending to support growth, official data showed on Monday. But […]
Over 300 senior professionals and 20 experts at summit on best manufacturing practices Dubai, United Arab Emirates, 14 November 2016 Under the patronage of His Highness Sheikh Ahmed Bin Saeed Al Maktoum, Chairman and Chief Executive Emirates Airline & Group, President Civil Aviation Authority, Chairman Dubai Airports and along with the support of Department of Economic Development (DED) and Dubai Economic Council (DEC), the GCC Manufacturing Excellence […]
By David Morgan | WASHINGTON WASHINGTON With a bitter election campaign finally over, the Congress will reconvene this week to try to set aside its partisan differences long enough to keep the government from closing. As President-elect Donald Trump shapes his administration, Republicans are expected to move away from initial plans for compromise funding legislation and opt instead for a short-term measure to keep the government running […]
ABU DHABI // Applications for a US$50 million fund to develop new renewable energy projects has opened. The International Renewable Energy Agency (Irena) and the Abu Dhabi Fund for Development (ADFD) are now accepting applications, which could see a range of projects in the developing world. Now in its fifth round of funding, the project has helped provide loans for 15 renewable projects in 14 developing countries […]
November 13, 2016 by: Theodor Troev in Sofia and Kerin Hope in Athens Rumen Radev, Bulgaria’s former air force commander, was set to win a run-off vote in Sunday’s presidential election second round, triggering the resignation of Boyko Borisov, the centre-right prime minister, immediately after the polls closed. First results gave Mr Radev, an independent backed by the opposition Socialist party, a projected 59 per cent of […]
Warning: Full spoilers for the episode below. I’m a fan of Jeffrey Dean Morgan’s performance as Negan on The Walking Dead, but we’re quickly seeing that a little Negan goes a very long way. After listening to him flippantly speechify for a solid hour in the premiere, and then catching a bit more of him last week in “The Cell,” this week’s chapter began to collapse under […]
November 14, 2016 by: Michael Hunter in London and Peter Wells in Hong Kong Monday 10.50 GMT. A conviction that a Donald Trump presidency will deliver higher inflation is dominating market sentiment, lifting world equity markets, energising the dollar and drawing investors out of government bond markets. Yields on Treasuries shot higher in Asian trading, a move that has been sustained in early London trading on Monday […]
Ever wonder who Judith’s father actually is? The Walking Dead finally set the record straight in Sunday’s episode, “Service.” Full spoilers for The Walking Dead continue below. It’s been a while since The Walking Dead spent much time reflecting on original main characters Shane and Lori, but Rick got introspective about his now-dead best friend and wife during the fourth episode of Season 7. They were brought […]
Following successful launch and implementation of Invest Easy portal developed by multinational full-service strategic change and technology company Nortal, Oman made an unprecedented leap in the Ease of Doing Business Ranking of World Bank’s annual Doing Business 2017 report, jumping 127 places in category ‘Starting a Business’ compared to previous year. 14 November 2016 According to Peeter Smitt, Middle East region Managing Director at Nortal, the record […]
On Wall Street the S&P 500 has surged to within touching distance of a record high, with the US equity market electrified by Donald Trump’s capture of the White House and the Republican party unexpectedly keeping control of Congress in Tuesday’s US election result. As an historic week ends, investors believe that a macro economic regime change looms, upending the policy mix that has dominated in Washington […]
The Bank of Japan faces a defining stress-test of its “yield curve control” policy in coming days as the benchmark Japanese government bond yield nears zero and currency markets recalibrate themselves for a Donald Trump US presidency. With post-election yen volatility already making a mark on Japanese equities, traders in Tokyo said the focus would this week turn on JGB markets and the BoJ’s resolve. After wrestling […]
Three-dimensional printing may still seem more like science fiction than real-life science, but its use in the medical world is booming, with the number of 3-D printers doubling year-on-year. Traditional prosthetic hands, for instance, can cost anywhere from US$6,000 to $40,000 (Dh22,000 to Dh146,900), but 3-D printing is allowing volunteer groups such as the global, web-based Enable Community Foundation in the United States to offer their bionic […]
In the process of answering the question as to what sort of president Donald Trump will be, his two first administration appointments offer an initial answer. As a political newcomer, Mr Trump has promised to “drain the swamp” of Washington, ridding the capital of political cronyism and corruption, and taking a fresh approach to governing, with a new coterie of people. Yet he has also suggested that […]
Photo Members from the Free Syrian Army take part in a battle in northern Syria last month against Islamic State fighters. Credit Nazeer Al-Khatib/Agence France-Presse — Getty Images BEIRUT, Lebanon — The hours are ticking down to what the Syrian government and its main ally, Russia, say could be the most devastating aerial assault yet on besieged rebel-held districts in the Syrian city of Aleppo. The Obama […]
|By Arabian Post Staff|New solutions to meet future needs and diversify the options are being integrated into the the e-Dirham system, top officials involved in the development of a national alternative to cash payment for government services in the UAE indicated. Government revenues from the e-Dirham system during the first nine months of this year stood at AED 5.8 billion. The number of e-Dirham transactions rose by […]
By Shinichi Saoshiro | TOKYO TOKYO The dollar rose to a nine-month high against a basket of major peers early on Monday, as a risk-on mood in global markets triggered by Donald Trump’s election to president remained firmly intact. The dollar index .DXY was up 0.4 percent at 99.428 after touching 99.445, its highest since Feb. 1. The greenback has strengthened as expectations that Trump’s administration would […]
