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Sheikh Mubarak Al Sabah Hailed Industry Pioneer at Arabian Hotel Investment Conference April 28 2017, Dubai UAE: His Excellency Sheikh Mubarak A M Al Sabah, founder and chairman of Action Hotels has been acknowledged by the region’s hospitality sector after receiving the signature Industry Pioneer award presented by His Highness Sheikh Ahmed bin Saeed Al Maktoum at the Arabian Hotel Investment Conference (AHIC 2017) in Dubai (yesterday, […]

Emerging market equities have been the darling asset class de jour in 2017, mainly in Asia and Latin America, despite the March FOMC rate hike, a US Dollar Index at or above 100 and a mini-swoon in crude oil after a Saudi-Russian output cut spat. Earnings growth (India/Thailand) a stabilized currency (China), policy reforms (India, Brazil, Indonesia) local interest rate cuts (Brazil) and lower US protectionist policies […]

WASHINGTON U.S. President Donald Trump on Thursday spurned the Taiwanese president’s suggestion that the two leaders hold another phone call, saying he did not want to create problems for Chinese President Xi Jinping when Beijing appears to be helping efforts to rein in North Korea. In a White House interview, Trump brushed aside the idea after Taiwanese President Tsai Ing-wen told Reuters on Thursday she would not […]

Short-term borrowing costs in China have climbed to their highest level in two years as comments from President Xi Jinping fan investor expectations that a “regulatory windstorm” is part of a broader crackdown on the financial sector. China’s premier on Thursday described finance as the “core of a modern economy”, according to state news agency Xinhua, adding that “accurate judgment of potential financial risks serves as a […]

Barclays has reported a doubling of underlying quarterly profits, excluding a big hit for selling its African unit, as its chief executive sought to shift attention away from a row over his treatment of a whistleblower. Jes Staley, who is being investigated by British and American regulators for trying to discover the identity of a whistleblower, said: “We are now just two months away from completing the […]

Alphabet, Google’s parent company, reported a 22 per cent surge in sales, despite fears that marketers were withdrawing advertising dollars from its YouTube video site because of worries about ads appearing next to extremist content. The Silicon Valley company’s shares, up 21 per cent in the past year, rose 4 per cent to $928.30 in after-hours trading in New York. Sundar Pichai, Google chief executive, said the […]

Sometimes those of us in the news media bust our own balloons, leaving us with lots of clown makeup and nothing to hand out to the kids. And that’s how ESPN, the company that changed the world of sports, looks this week. Journey back in time to 1979 when ESPN was created. The question almost asked was simple: How will you be able to put on 24 […]

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Credit: Massachusetts Institute of Technology Researchers at MIT, Brigham and Women’s Hospital, and the Charles Stark Draper Laboratory have devised a way to wirelessly power small electronic devices that can linger in the digestive tract indefinitely after being swallowed. Such devices could be used to sense conditions in the gastrointestinal tract, or carry small reservoirs of drugs to be delivered over an extended period. Finding a safe […]

By James Pomfret, Lawrence White and Sumeet Chatterjee | DONGGUAN, China/LONDON/HONG KONG DONGGUAN, China/LONDON/HONG KONG In the digital age, footfall in bricks-and-mortar outlets is an incomplete measure of business activity, but HSBC’s empty branches in the Pearl River Delta (PRD) suggest it’s not all plain sailing for the bank’s expansion in mainland China. HSBC, the world’s sixth-largest bank by assets, announced in 2015 that it would hire […]

LONDON British Foreign Secretary Boris Johnson told voters not to dismiss opposition Labour leader Jeremy Corbyn as a harmless “mutton-headed old mugwump” but rather to see him as a serious threat to the economy and national security. In his first intervention in the campaign ahead of a snap election due on June 8, the Conservative politician argued that it would be disastrous for Britain if veteran leftist […]

By Mica Rosenberg and Dan Levine | NEW YORK/SAN FRANCISCO NEW YORK/SAN FRANCISCO Even if President Donald Trump wins an appeal of a court ruling blocking his executive order on sanctuary cities, arguments made by the government in the case could permanently harm its efforts to cut off federal funding to targeted cities, some legal experts say. Trump’s original order, issued on Jan. 25, stated that cities […]

· “The Middle East remains an extremely important region and we are committed to enhancing our customer experience,” says Robert Williams · British Airways’ recently announced investment plans to boost customer experience with the new First Wing now open to passengers flying from Kuwait · Airline set to launch 22 New Routes in 2017 expanding its network of onward connections for Kuwaiti and wider Middle […]

By Phil Stewart and David Brunnstrom | WASHINGTON WASHINGTON The Trump administration said on Wednesday it aimed to push North Korea into dismantling its nuclear and missile programs through tougher international sanctions and diplomatic pressure, and remained open to negotiations to bring this about. The U.S. stance, which appeared to signal a willingness to exhaust non-military options in spite of repeated warnings that “all options are on […]

The Iraqis do not have the luxury of conducting a siege: Prime Minister Haider al-Abadi has told his generals that dragging out the Mosul operation, now in its seventh month, would work only to the advantage of the Islamic State, which many in the West call ISIS or ISIL, but the Iraqis call Daesh. Continue reading the main story This was not the mission that American military […]

By Patricia Zengerle | WASHINGTON WASHINGTON U.S. lawmakers want to emerge from briefings by the Trump administration on North Korea on Wednesday with something many think has been absent from the White House so far: a clear strategy for dealing with a major national security threat. As a standoff escalated over the reclusive Asian nation’s development of nuclear weapons and long-range ballistic missiles, President Donald Trump invited […]

ESPN on Wednesday went through with a long-awaited round of layoffs that will trim about 100 commentators from the sports network’s payroll as cord-cutters and digital media upstarts continue to disrupt the broadcaster’s business model. Among those laid off are on-camera personalities that have become familiar faces on the network’s coverage of hockey, football and baseball and writers for ESPN’s digital platforms. ESPN President John Skipper announced […]

A new study found a link between climate change and physical activity, suggesting that rising temperatures may inspire people to get off the couch. The research explores how human activity evolves in an increasingly warmer environment and sheds new light into how climate change impacts human health. Study lead author Nick Obradovich, a postdoctoral fellow at Harvard Kennedy School’s Belfer Center, first got the idea to investigate how […]

This piece originally appeared in Local Edition, our newsletter following the digital transformation of local news. Want to be part of the conversation? You can sign up here. What do you need to unlearn to stay in journalism? This week, two journalists named almost exactly the same thing. That’s not rare, but it struck me as interesting because they’re at such different points in their career. Here’s what they […]

newslide Star Wars: Episode IX gets 2019 release date The final film in the new Star Wars trilogy, Star Wars: Episode IX, will be released in May 2019, according to movie studio Walt Disney Co. The May 24 release date marked a shift in strategy for Disney, whose two previous new entries in the sci-fi adventure have all been set for release in mid-December, during the winter […]

Oil traders banking on a sustained market recovery in 2017 are growing impatient. As the price of Brent crude falls towards $50 a barrel, Opec, energy analysts and some of the most powerful banks in the commodities sector are urging traders to maintain their composure. After a production cut deal between the cartel and rivals such as Russia was agreed late last year, prices began 2017 $10 […]

By Dan Levine | SAN FRANCISCO SAN FRANCISCO A U.S. judge on Tuesday blocked President Donald Trump’s executive order that sought to withhold federal funds from so-called sanctuary cities, dealing another legal blow to the administration’s efforts to toughen immigration enforcement. The ruling from U.S. District Judge William Orrick III in San Francisco said Trump’s Jan. 25 order targeted broad categories of federal funding for sanctuary governments […]

Deckers Outdoor Corp (DECK.N) said on Tuesday it was exploring strategic alternatives, including a sale of the company, a month after an activist investor urged the apparel and accessories maker to sell itself. Deckers, the owner of the UGG brand of boots and apparel, said it had retained Moelis & Co LLC as financial adviser. Shares of Goleta, California-based Deckers rose 6.5 percent to $62.53 in trading […]

Payment processing giant Vantiv announced that it is acquiring Paymetric, an electronic payments software firm focused on the B2B channel. Financial terms of the deal were not disclosed. Paymetric is used by enterprises to accept, process and integrate secure electronic payments within enterprise systems, including SAP, Oracle, Hybris and Salesforce. One of Paymetric’s hallmark features is its patented tokenization process, which secures customer payment data running through […]

Google and Intertrust Technologies Corporation announced Tuesday they’ve teamed up to launch PatentShield, a program designed to help startups defend themselves against patent litigation. By building up a large collection of patents that can be used defensively, PatentShield aims to “level the playing field” and deter larger companies from suing startups. “As startups expand, larger companies – with sizeable budgets and patent portfolios – often use patent […]

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