Our round-up of the week’s best comment and analysis from the Financial Times focuses on how infrastructure and fiscal policy shake-ups will play out for investors in the light of the current “Trumpflation” market rallies. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Infrastructure spending is the new zeitgeist of our age but we should have […]
“We have lost everything, our infrastructure, and we have nothing left to lose,” he said. “Now it is a long war of attrition.” Photo A nonfunctioning cement factory in Amran, Yemen, that was bombed twice by the Saudi-led coalition. Credit Tyler Hicks/The New York Times The Houthis’ control of such key territory has made them essential to international efforts to end the conflict, leaving policy makers and […]
Pitbull’s performance at Du Arena – an opening night slot traditionally saved for an Arabic all-star bill – was announced, out-of-the-blue, just two weeks earlier. Mona Al Marzooqi / The National Onstage, as in his lyrics, Pitbull surrounds himself in bringing video images of sharp suits, glamorous females, fast cars and gleaming cityscapes – in short, every negative stereotype detractors might hold about the global F1 circus. […]
ABU DHABI // Soul survivor Lionel Richie took centre stage at Du Arena Saturday night to serve up a satisfying set of golden oldies. Following the fast-paced dance-pop of Pitbull and the ominous beats of The Chemical Brothers at the preceding concerts, Richie’s slot in the Yasalam After-Race Concert Series offered a throwback to pop’s purer times. The sense of anticipation was high among fans queueing up […]
MOSCOW The Kremlin said on Thursday that a report by the al-Hayat newspaper on an agreement between Russia and the United States on the future of Syrian President Bashar al-Assad was not true. The newspaper reported that U.S. Secretary of State John Kerry had told several Arab countries that Russia and the U.S. reached an understanding on the future of Syria’s peace process, including Assad’s departure to […]
Beats on The Beach may have been at the Abu Dhabi Corniche on Friday, but the evening was full of Jamaican beach vibes. Dance hall king Sean Paul delivered an exuberant, hit-laden set on the second day of the three day free music festival. The 42-year-old attempted to pack in many of the hits he’s accumulated since emerging on the scene 20 years ago. On that score, […]
By Vladimir Soldatkin and Diego Oré | MOSCOW/CARACAS MOSCOW/CARACAS World leaders paid tribute on Saturday to Fidel Castro, the Cuban revolutionary leader who built a communist state on the doorstep of the United States, but in death just as in life he divided opinion, and critics labelled him a “tyrant”. Castro died on Friday aged 90, his younger brother and successor Raul Castro announced on state television. […]
He seized power audaciously in 1959 and commanded to the last a powerful personal following inside and outside Cuba. But during more than half a century in office Fidel Castro, who has died at the age of 90, metamorphosed from a popular and charismatic guerrilla leader into a traditional caudillo, an autocratic holdover from another age. At his life’s end, although bolstered by the emergence of a […]
Authored by Paul Craig Roberts, Liberals, progressives, and the left-wing (to the extent that one still exists) are aligning with the corrupt oligarchy against president-elect Trump and the American people. They are busy at work trying to generate hysteria over Trump’s “authoritarian personality and followers.” In other words, the message is: here come the fascists. Liberals and progressives wailed and whined about “an all white male cabinet,” […]
As Wall Street traders departed for Thanksgiving this week, they could celebrate a rare achievement. On Monday and Tuesday, the four most widely cited indices of US stocks — the S&P 500, the Dow Jones Industrial Average, the Nasdaq Composite and the Russell 2000 — hit all-time highs simultaneously. The last time a “grand slam” happened was on New Year’s Eve 1999, at the height of the […]
Better access to low-interest funding could spur growth of East African Small & Medium Businesses JOHANNESBURG, South Africa, November 24, 2016 Small & Medium Businesses in East Africa should be looking at ways to maximise their efficiency and improve debt management to navigate the risks that high interest rates pose for their businesses. That’s the word from Billy Owino (https://Twitter.com/OwinoBill), Regional Director for Sage East Africa (www.Sage.com), […]
Massively popular multiplayer shooter Overwatch could be getting a Christmas event and a new mode, as sound files that have been discovered in the game suggest. The files were discovered and then uploaded on the Overwatch subreddit by redditor Venxa. Overwatch Christmas Event Among the uploaded files on the Reddit thread is what appears to be a Christmas-themed jingle based on Overwatch‘s theme music. While the discovery of the sound file […]
Submitted by Jeffrey Snider via Alhambra Investment Partners, For the month of July 2014, total durable goods orders exploded higher in a fit of Boeing. The growth in aircraft orders in percentage terms was so large as to be meaningless. On a seasonally-adjusted basis, total durable goods (using the latest benchmarks) went from $236.3 billion that June to $290.8 billion for July. Coming as it did in […]
The numbers involved in musical theatre are staggering, according to Nick Allott. His favourite statistic is this: The seven Harry Potter films — the most successful franchise ever — grossed a total of $13bn; the four most successful musicals — Cats, Les Misérables, Miss Saigon and Phantom of the Opera – have garnered a whopping $16bn. “A lot of people don’t know that,” says the managing director […]
Your daily guide to community and cultural activities across the Emirates for November 26, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Nationwide Ballet gala Get tickets now for the Ballet Grand Gala performed by the Opéra National de Paris dancers, featuring star dancer Dorothée Gilbert, and first soloists Hugo Marchand and Hannah O’Neill, who will […]
Last year Donald Trump ended his run of 14 seasons as the cocksure boss on The Apprentice to prepare for his improbable White House bid. Today, as the US president-elect, he is assembling his administration in a way that suggests a new show is in the offing: The Appointee. The billionaire showman has brought the spectacle of reality television to the task of choosing his top political […]
Ashley Lane rounds up the winter activities in destinations ranging from Monaco and Manila to Brazil and Antarctica. • Read this and more stories in Ultratravel magazine, out with The National on Thursday, November 24 newslide Monaco Though temperatures are lower than normal, heading to Monaco in December means fewer crowds and lower prices. There are also plenty of festivals and activities to keep visitors busy. Those […]
Saudi Arabia will not attend a meeting with non-Opec producers such as Russia and Kazakhstan on Monday, arguing it is pointless to gather when the 14-member oil cartel has not yet reached a deal itself. Opec ministers are due to meet next week to try and hammer out the details of the first supply cuts since the financial crisis but Iran and Iraq are still presenting potential […]
The Abu Dhabi F1 party got started on Thursday on the Abu Dhabi Corniche. The free music festival, Beats on The Beach, kicked off with over 20,000 people in attendance to see a varied programme featuring the likes of Filipino pop sensation Yeng Constantino, Emirati singer Shamma Hamdan and UK rap duo Krept and Konan. With all the artists blessed with their own dedicated fan base, the […]
In the same way that Pitbull has been parachuted into dozens of pop hits to spout a fleeting guest verse, the Miami rapper’s appearance at this year’s Abu Dhabi Grand Prix carried equal swiftness and surprise. Thursday’s performance at Du Arena – an opening night slot traditionally saved for an Arabic all-star bill – was announced, out-of-the-blue, just two weeks earlier. The advertising hoardings on Dubai’s Sheikh […]
Your daily guide to community and cultural activities across the Emirates for November 25, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Musical dance Head to Nation Towers and see a performance by Drama Queens as part of the Shop and Win Campaign, which features entertainment, prizes and international acts. Drama Queens is a […]
U.S. healthcare company Johnson & Johnson (JNJ.N) has approached Swiss biotechnology firm Actelion Ltd (ATLN.S) about a potential takeover, Bloomberg reported on Thursday, citing people it said were familiar with the matter. The report said that deliberations are still at an early stage following Johnson & Johnson’s initial offer, and Actelion is working with an adviser to explore options. Johnson & Johnson Chief Executive Alex Gorsky said […]
Dream on – vibrant homes inspiring creativity and attractively priced; payable over 3 years Dubai, United Arab Emirates – 24 November 2016 DAMAC Properties today announced the launch of AKOYA Manarola, a unique collection of colourful villas directly facing the international golf course and nestled within AKOYA Oxygen. Inspired by the charming village of Manarola on the Italian Riviera, this vibrant community is where creative and passionate […]
While most global equity markets were subdued due to the US Thaksgiving holiday, the FX world was very busy overnight, marked by the relentless dollar surge on expectations of a rate hike not only in December but further in 2017, sending Asian currencies to the weakest level in 7 years: the Bloomberg-JPMorgan Asia Dollar Index reached 103.32, the lowest level since March 2009. The regional FX plunge […]
