May 2, 2017 by: Katrina Manson in New York President Donald Trump said on Monday that he would be “honoured” to meet North Korean leader Kim Jong Un under the right circumstances, despite historic levels of mistrust and tension between the world’s superpower and the rogue state over its nuclear ambitions. Mr Trump’s comments contrast with his hardline stance on Pyongyang and Friday’s call from Rex Tillerson, […]
US corporate boardrooms’ approval of share buyback plans has fallen to its lowest level since 2012, signalling that the stock market’s surge to further highs this year is curbing a key source of demand for equities. Companies on the S&P 500 index have authorised $146bn in share buybacks this year, down 15 per cent from a year ago, according to data from Goldman Sachs. Executives have also […]
Since the iPad arrived in 2010, the role of the PC has been greatly scrutinized. Is it a dying form factor? Is it something consumers no longer need? Is the smartphone the only device people will use someday? Will the tablet kill the PC? The debate is relevant because it helps businesses decide where to focus their resources. Clearly, the smartphone is many people’s primary […]
Dubai, United Arab Emirates, 01 May 2017 The AACE International Conference and Exhibition 2017 under the theme protecting capital investment through project cost control and risk management was inaugurated today and attended by 40 distinguished speakers and 500 delegates from across the region and different countries. The conference promotes the best practices in the field of cost and risk management. An exhibition was organized in conjunction with […]
When North Korea deployed hundreds of artillery units, submarines and soldiers to take part in its largest live-fire drill, it was intended as a chilling display of the reclusive regime’s military might. The country boasts the world’s fourth-largest standing army, with more than 1m troops as well as 7m reserves, and last week’s military exercise came as US President Donald Trump ramped up the pressure on Pyongyang […]
The Trump administration’s interest in issuing the US government’s first “ultra-long” bonds, following in the footsteps of countries such as the UK, Mexico and Belgium, is facing scepticism from fund managers, analysts and former officials. The US Treasury in April asked its “primary dealers”, the club of banks that underwrite and arrange the government’s debt sales, to explore whether there would be demand for Treasuries that mature […]
Many discussions of digital transformation focus on marketing metrics such as page views, clicks, and even mentions in the press. Although marketing is important, this limited and unsophisticated view ignores underlying issues such as improving business speed, agility, and responsiveness to customers. Only by rethinking business models can we meaningfully gain benefit from digital transformation in departments across the company including operations, supply chain, manufacturing, and customer […]
By Manuel Mogato | MANILA MANILA Southeast Asian countries took a softer stance on South China Sea disputes during a weekend summit, according to a statement issued on Sunday, which went easy on China by avoiding tacit references to its building and arming of its manmade islands. A chairman’s statement of the Association of South East Asian Nations (ASEAN) was released about 12 hours after the summit […]
By Lacey Johnson and Ian Simpson | WASHINGTON WASHINGTON A sea of protesters swarmed in front of the White House on Saturday to voice displeasure with President Donald Trump’s stance on the environment and demand that he rethink plans to reverse the climate change policies backed by his predecessor. The Peoples Climate March, the culmination of a string of Earth Week protests that began with last Saturday’s […]
Luxury watch maker Cartier is allowing customers to buy a watch over the internet for the first time. The company is working with online fashion emporium Net-A-Porter on a month-long pop-up shop to offer 12 models of the latest Panthère de Cartier watch – an iconic timepiece from the early eighties re-issued this year. Net-A-Porter, which is owned by Yoox Net-A-Porter Group, has created the exclusive pop-up […]
Sheikh Mohammed bin Rashid Al Maktoum, the UAE’s Vice President and Prime Minister and Ruler of Dubai, launched on Saturday the UAE Soft Power Council, which aims to reinforce the country’s status and reputation in the world. The Council will define a comprehensive strategy to consolidate the UAE’s values of respect and appreciation with governments and citizens across the world, state news agency WAM reported. The UAE […]
ABU DHABI // Most patients who develop non-alcoholic steatohepatitis fatty liver disease are changing their lifestyles to avoid reaching the final stage, which requires a liver transplant. But Dr Khalid Elsayed, head of the gastroenterology and hepatology department at Burjeel Hospital in Abu Dhabi, said he recently saw an Emirati man, 35, who had diabetes for 10 years but did not take steps to address it. He […]
Authored by Patrick O’Shaughnessy via InvestorsFieldGuide.com, My guest this week is Danny Moses, who was directly in the middle of the biggest trades in market history, chronicled by Michael Lewis in his book the Big Short. Danny was the head trader on the Frontpoint team led by Steve Eisman, which was one of a small group of firms that figured out, in real time, the dire situation […]
By Foo Yun Chee and Alastair Macdonald | BRUSSELS BRUSSELS Several EU leaders took advantage of a Brexit summit on Saturday to finalise deals settling various thorny issues as part of a strategy to present a united front ahead of tough negotiations with Britain on its withdrawal from the bloc. With discussions with Britain due to take place over the next two years, the European Union is […]
U.S. President Donald Trump signed a new executive order on Friday, April 28 extending offshore oil and gas drilling to areas that had been off-limits. The move aims to increase domestic production, but it might not prove to be the best idea considering that industry demand for acreage has been rather low. The new executive order could expand offshore drilling to parts of the Pacific, Atlantic, and Arctic oceans, […]
The news these days continues to be filled with reports that traditional stores are at last being sustainably displaced by fast growing online competitors. Startups in online shopping, media, travel, financial services, sharing economy, and finally even healthcare, have either invented popular new high-growth digital categories or are in the midst of successfully re-imagining the old ones in digital native terms. In the 2000s, the digital disruption […]
European leaders are warning Theresa May over her “completely unreal” expectations of a swift trade deal, as they gathered in Brussels to agree a tough opening stance on Brexit talks. Jean-Claude Juncker, the European Commission president, briefed an EU summit on Saturday on a recent dinner where the British prime minister said any Brexit exit payment would only pass before 2019 if accompanied by a full trade […]
Etihad Airways plans to stand by Air Berlin even after its German partner reported soaring operating losses as a strategic overhaul struggled to gain traction. Germany’s second-largest carrier is shedding tourism and point-to-point operations, shrinking its fleet by half to transform itself into a network airline. The process contributed to pushing the operating loss to 667 million euros ($739 million) last year, more than twice the 2015 […]
The third Dubai Week in China, an event to promote and catalyse economic development and cultural exchange, will take place in Shenzhen, located in Southern China, later this year. The announcement was made by Falcon and Associates, a strategic advisory company that works for the Dubai leadership and initiated Dubai Week in China. Following the success of Dubai Week in China in Beijing (2015) and Shanghai (2016), […]
BERLIN Online fashion retailer Zalando (ZALG.DE) is pondering opening stores in major cities such as London, Paris or Berlin, the company’s co-chief executive told Germany’s Manager Magazin. “We have proper fans in the metropolises who spend much time with us and order a lot,” co-Chief Executive Rubin Ritter said in an interview published on Saturday. “It could be interesting for them to also experience the brand offline,” […]
By Michelle Nichols and Lesley Wroughton | UNITED NATIONS UNITED NATIONS U.S. Secretary of State Rex Tillerson warned on Friday that failure to curb North Korea’s nuclear and ballistic missile programs could lead to ‘catastrophic consequences,’ while China and Russia rebuked Washington’s threat of military force. The showdown in a meeting of the U.N. Security Council on North Korea highlighted the diplomatic challenges of resolving tensions over […]
Satellite communications service provider SpeedCast has said that as military spending increases under governments throughout the United States, the United Kingdom, Europe, and Australia, it sees an opportunity to grow. While Australia has not been a big area of growth for the company over the past few years, due to the industries of mining, oil, and gas being depressed, growth across the government has been accelerating and […]
By Jeffrey Dastin | SAN FRANCISCO SAN FRANCISCO Amazon.com Inc’s ventures far beyond online retail, from cloud computing to movie making, are raising questions among corporate strategy experts about its focus. The Seattle-based company wowed Wall Street again this week with a 23 percent jump in sales, pushing its shares to an all-time high. But there are concerns that if blockbuster growth stops, investors may come to […]
Alphabet/Google announced first quarter financial results that beat Wall Street estimates. But the jump in revenues hides a large problem that hasn’t been solved. From Matthew Lynley at Techcrunch The Google core business is, as usual, quite boringly efficient. We tend to see the same story every quarter – the value of each ad (cost-per-click) goes down while the number of ad impressions goes up, and Google […]
