By Ben Hirschler | LONDON LONDON European prices for some off-patent cancer drugs have risen by more than 100 percent in the past five years, with two cases of hikes exceeding 1,000 percent, according to data presented at a medical conference on Saturday. Similar price rises for old drugs have sparked outrage in the United States, where former hedge fund manager Martin Shkreli was pilloried in 2015 […]
From the Slope of Hope: Being an equity bear has been brutal for, oh, nearly eight years now. With the S&P up about 250% since bottoming in March 2009, equities have been, on the whole, raging higher, with some sectors in particular benefiting tremendously from the Trumpgasm. One area, though, seems to be recognizing a bitterly cold chill of reality, and that is retail. Not everything retail […]
But the president ignores the fact that Congress then restricted this power in 1965, stating plainly that no person could be “discriminated against in the issuance of an immigrant visa because of the person’s race, sex, nationality, place of birth or place of residence.” The only exceptions are those provided for by Congress (such as the preference for Cuban asylum seekers). Continue reading the main story When […]
In The Art of the Deal, Donald Trump described hyperbole as an “innocent form of exaggeration” that was a “very effective form of promotion”. In an interview with ABC News on Wednesday, the US president stretched this definition to the limit with his claim that he would make relations with Mexico “better than ever”, despite his demand that the country pays billions of dollars for a border […]
By Irene Klotz | CAPE CANAVERAL, Fla. CAPE CANAVERAL, Fla. NASA on Friday marked the 50th anniversary of its moon program’s fatal Apollo launchpad fire with the first public display of the scorched hatch that trapped three astronauts inside their spaceship during a routine pre-launch test. NASA astronauts Virgil “Gus” Grissom, Edward White and Roger Chaffee died when thick smoke filled the crew module of the Apollo […]
Alzheimer’s disease can be painful and devastating not only for the person who has it, but for the family and friends, too, who can’t do anything about the situation. Thankfully, a new study gives a flicker of hope with its new discovery. What Is Alzheimer’s Disease? Alzheimer’s disease, coined after the first doctor who discovered it, Alois Alzheimer, is a progressive physical disease that targets the brain. It […]
The Mexican peso rallied on Friday after Donald Trump and Enrique Peña Nieto spoke for an hour by telephone, a day after the Mexican president cancelled his planned summit with the US president over his plans for a border wall. “The presidents had a constructive and productive conversation regarding the bilateral relationship between both countries, including the issue of the US trade deficit with Mexico, the importance […]
Modern cars have more lines of code than the Space Shuttle and can boast wireless connectivity that’s on par with the latest smartphones. But they’re not quite computers on wheels since even new cars lag older computers in their ability to be updated and kept secure from hacking. Near-instant obsolescence and cyber security are two major pain points for auto makers (and consumers). New vehicles […]
By Thomas Escritt | THE HAGUE THE HAGUE African countries are considering a co-ordinated withdrawal from the International Criminal Court if it is not reformed to address what they see as its bias against the continent, according to a document seen by Reuters. Almost a third of the ICC’s 124 members are African, and a withdrawal by a large number of them would cripple a court that […]
Cyber security helped elect Donald Trump. During the presidential campaign, hackers cracked open all of the Democrats’ secrets and splayed them out for everyone to see, while Hillary Clinton was raked over the coals for using an insecure server for her own personal email. Republicans’ communications, meanwhile, stayed out of the public eye. But success can breed hubris, and there are some worrying trends in […]
In such an environment, not only does a case for privileged access based on Washington tradition play into one of Trump’s core campaign narratives, but it also fails to anticipate the inevitable response from the White House: What use are you to us? With audience fragmentation and the rise of social platforms, the traditional media’s collective leverage over those in power has been diminished, and the Trump […]
Good morning. Is it the “opposition party?” Shortly after Steve Bannon, President Trump’s strategic and cultural Svengali, called the American press the “opposition party,” the opposition calmly sat on a Chicago stage and suggested the best path forward. Their response? Reasoned and tough-minded indifference. It’s a de facto prescription that might drive the new tweeter-in-chief and his sledgehammer-wielding sycophants daffy in their search for a Jacksonian revival. […]
PARIS Britain is becoming subservient to a United States that will be extremely difficult to cooperate with judging by President Donald Trump’s “serious and worrying” first acts, French presidential candidate Emmanuel Macron said on Friday. British Prime Minister Theresa May, who will hold talks with Trump later on Friday, wants a renewal of the “special relationship” between London and Washington at a time her conservative government redraws […]
Sitting in his spacious office in Doha’s West Bay, free from the entourage of assistants usually attached to CEOs of large, government-backed organisations, Rashid Bin Ali Al Mansoori appears relaxed and unhurried. He even responds, “How much time would you like?” when asked to confirm the length of our meeting. Al Mansoori, who has served as CEO of Qatar Stock Exchange (QSE) since 2012, is frank about […]
Your daily guide to community and cultural activities across the Emirates for January 27, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Outdoor market Check out the Marhaba Market at Deerfields Mall, where you’ll find family fun and entertainment, as well as 30 exhibitors offering fresh produce, flowers and plants, plus art, handicrafts, fashion […]
|By Matein Khalid| The election of a Manhattan property developer and (failed) casino owner as President of the United State has not been positive for most American real estate investment trusts (REIT’s). The sharp rise in US interest rates since the election and the Federal Reserve’s vigilance against inflation risk hits this classic “bond proxy” sector, with its reliance on leverage to boost investor returns. In addition, […]
Wikimedia Commons Apple has announced a joint venture with NV Energy to build a 200-megawattt solar plant in Nevada, furthering the firm’s goals to utilize only renewable energy sources in the future. The companies revealed the venture on Wednesday, which aims to provide enough power to cater for Apple’s energy needs in its Reno Technology Park data center. In the coming weeks, NV energy will file an […]
Johnson & Johnson is to acquire Swiss biotechnology company Actelion for $30bn in a complex deal that will see Actelion’s founder heading a standalone spin-off research company based and listed in Switzerland. The world’s largest healthcare company is offering Actelion shareholders $280 per share in an all-cash offer — as well as shares in the new research and development company headed by Jean-Paul Clozel, the Swiss group’s […]
Standalone alternative story forms (ASF) do just what their name implies: They stand alone as independent stories, with no traditional story to accompany them. Like a standalone photo or graphic, the standalone ASF needs to be a complete story. It might be all the reader will see about the topic, particularly in print media. Some opportunities are more ripe for a standalone ASF than others. One editor […]
It is difficult to understand why Donald Trump’s campaign promise to “make America great again” resounded so deeply with so many. True, the threat of terrorism, rising inequality and job-killing digitalisation have been breeding anxiety for some time. However, on most metrics the US economy has been doing just fine and certainly better than Europe. While the median US household’s real income still stands below peak of […]
Dubai Islamic Bank (DIB), the United Arab Emirates’ largest sharia-compliant lender, is targeting loan growth of between 10 and 15 percent in 2017 after reporting an estimate-beating 58.4 percent rise in fourth-quarter 2016 net profit. Aiming to pave the way for the bank’s next stage of growth, it also said it would seek shareholder approval next month to raise Tier 1 issued capital by $1 billion, as […]
The preparations for Dubai’s first permanent stage show are underway, with 65 performers and 70 technicians flying into the city. Acrobats, dancers, strongmen and contortionists are said to be training for twelve hours each day for the show, in practice areas in both Studio City and Habtoor gyms. Construction on the custom-built theatre at Al Habtoor City is almost complete, with a bulk of the stage and […]
User experience (UX) — once an afterthought to technology implementations, and a lonely outpost of pursuit in the tech food chain — is suddenly red hot. More corporate attention, money and resources are flowing to upgrading and enhancing it. UX — and its fraternal twin, customer experience (CX) — are now top of mind for everyone, from product designers to marketers to senior executives. Photo: HubSpot That’s […]
Bloomberg has gone where MSCI feared to tread, becoming only the second major index provider to include China’s onshore markets in widely-followed benchmark indices in a move that could prompt rivals to follow suit. China is home to the world’s second-largest stock market and the third-largest bond markets, but its tight control of onshore activity has made its inclusion in flagship indices contentious, with many investors arguing […]
