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Vingroup And Legends Global Announce Strategic Partnership For VinFast – Trong Dong Stadium // Arrow Electronics showcases technologies advancing intelligent robotics, mobility and digital infrastructure // ADIPEC leaders urge investment in global energy networks // Bank99 launches business accounts through Austrian postal network // Democrats secure Senate majority after Republican election losses // Bridge Data Centres Appoints New Co-Chief Executive Officer // CPI, CPM dispute portrayal of Vayalar uprising leaders // Use Of Nuclear Weapons Against Iran Could Trigger A Global Chain Reaction // DIP Holding targets Dh1.12 IPO price and $529m proceeds // Ondine Capital Announces First Close of Fund III to Drive AI and Semiconductor Innovation // Binance SAFU bitcoin holdings halve after security breach // ONYX Hospitality Group Expands Strategic Partnerships through ONYX Rewards // Probe ordered into new bar licences // mamun raises US$3 million to finance cross-border trade between the Gulf and Asia // Vingroup And Legends Global Announce Strategic Partnership For VinFast – Trong Dong Stadium // America On Edge: November 3 Mid Term Polls Outcome May Weaken Trump // Arrow Electronics showcases technologies advancing intelligent robotics, mobility and digital infrastructure // XTransfer and Bank of China (Hong Kong) Announce Partnership at Hong Kong FinTech Week // ADNOC authorises Ruwais Diyab gas development for 2029 // ChatGPT billing fraud deploys rotating sites for card theft //

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With just 8 days left until President Trump’s inauguration ceremony in Washington D.C., a massive security force, including 7,500 Guardsmen and 3,000 police officers, is preparing for the worst as the event is expected to attract up to 750,000 protesters, some of whom have vowed to “paralyze the city.”  Certainly if the protester presence at the Senate confirmation hearings over the past two days is any indicator […]

Josh Benson and Tom McGeveran, who founded the politics, culture and media site Capital New York in 2010 before selling it to Politico in 2013, are leaving the company. The departures were announced in a memo to staff from Politico Editor-in-Chief John Harris, who also said Politico’s statewide operations would be consolidated in Rosslyn. Launched in 2015, Politico States has established a presence in states across America, […]

By Phil Stewart and Patricia Zengerle | WASHINGTON WASHINGTON Donald Trump’s pick to lead the Pentagon put Russia at the top of a list of threats to U.S. interests on Thursday and told Congress that America must be ready to confront Moscow where necessary, even as he backed Trump’s bid for better relations. The remarks by retired Marine General James Mattis were the latest by one of […]

While most major car makers are rushing headlong into the driverless cars era, one Japanese motor manufacturer is eschewing that bandwagon to concentrate on automated help rather than outright replcement. Inifiniti, the luxury arm of Nissan, has previewed ProPilot, an evolving suite of autonomous drive support technologies, at the 2017 North American International Auto Show (NAIAS) in Detroit. Central to the strategy for the development of all […]

A classic distinction in markets exists between bulls and bears, the snorting herd of enthusiasts and the pessimists who roar at them from caves, waiting for a panicked stampede. Yet a sign of the uncertain outlook, with the consequences of the incoming Trump administration unknown, elections due in Europe and Brexit still to begin, may be how those labels don’t fit quite as easily as before. For […]

By Susan Cornwell | WASHINGTON WASHINGTON The U.S. Senate on Thursday took a first concrete step toward dismantling Obamacare, voting to instruct key committees to draft legislation repealing President Barack Obama’s signature health insurance program. The vote was 51-48. The resolution now goes to the House of Representatives, which is expected to vote on it this week. Scrapping Obamacare is a top priority for the Republican majorities […]

Rex Tillerson has set the stage for a major diplomatic clash between Washington and Beijing after the nominee for US secretary of state said China should not be allowed to access islands it has built in the South China Sea. At his confirmation hearing before the US Senate Foreign Relations Committee on Wednesday, Mr Tillerson said China’s construction of artificial islands in the contested sea was “akin […]

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Top US lawmakers are challenging Wells Fargo to explain a recent rise in overdraft charges, signalling a new regulatory battle for the bank still reeling from a fake accounts scandal. On Wednesday a group of Democrats on the Senate banking committee wrote a letter to Tim Sloan, the bank’s chairman and chief executive, asking him to explain whether the bank’s recent surge in income from overdraft charges […]

We have frequently written about the underwhelming performance of hedge funds over the last several years and continue to be perplexed by the seemingly misinformed decisions of the largest pensions and endowments to pay ridiculous fees for consistently lackluster performance (for example, see “Why Hedge Funds Remain The Worst Performing Asset Class Of 2016“).  As Bloomberg recently noted, long-short funds tracked by Credit Suisse returned negative 4.3% […]

Volkswagen will plead guilty to three felonies and pay $4.3bn in penalties to settle a US Department of Justice investigation into the diesel emissions scandal that has engulfed the German carmaker for the past 15 months.  Six VW executives based in Germany have also been indicted in connection with the case, including Oliver Schmidt who was arrested in the US on Monday, said Loretta Lynch, US attorney-general. “For years, […]

On Wall Street, Donald Trump’s election win spelt pain for the dollar and stock markets right up until the moment he began his acceptance speech in the early hours of November 9 at the New York Hilton. Then the dollar began a trough-to-peak surge that would leave it up almost 3 per cent, a performance only bettered in 2016 on the day after the Brexit vote. S&P […]

The energy service provider has successfully completed retrofit projects for 2,178 buildings 11 January 2017 Dubai, United Arab Emirates Etihad ESCO’s retrofit projects have successfully saved 54GHW of energy in 2016, through five major projects, implemented for DEWA, JAFZA, Dubai International Financial Centre (DIFC) and Mohammed Bin Rashid Housing Establishment (MRHE), which equates to AED 34 Million in monetary terms. The energy service provider said that it […]

It would be premature to decide whether an agreement among OPEC and non-OPEC oil producers to cut output, reached late last year, needs to be extended beyond six months, the United Arab Emirates’ energy minister said on Wednesday. Speaking at an oil industry conference, Suhail bin Mohammed al-Mazroui said there needed to be competition in the oil market and trying to fix the market to achieve a […]

Dubai-based Majid Al Futtaim said on Tuesday it will build a new $81.74 million (AED300 million) shopping mall in Masdar City, Abu Dhabi. Set to open by end-2018, ‘My City Centre Masdar’ will include 60 outlets across 18,000 square metres of gross leasable area (GLA), including a Magic Planet family entertainment centre, a 5,760 square metre Carrefour hypermarket and a clinic. The company said it will target […]

Xuewei Qi and a team of UCR researchers are using vehicle connectivity and evolutionary algorithms to improve the efficiency of Plug-In Hybrid Electric Vehicles. Credit: UC Riverside Engineers at the University of California, Riverside have taken inspiration from biological evolution and the energy savings garnered by birds flying in formation to improve the efficiency of plug-in hybrid electric vehicles (PHEVs) by more than 30 percent. Titled “Development […]

The UAE will spend AED600 billion ($163.3 billion) over the next three decades in developing the country’s energy market, with a plan for clean energy to power 50 percent of the sector by 2050. The first unified energy strategy for the UAE has been announced which aims to balance economic needs and environmental goals. In a series of tweets on the official Dubai Media Office feed, it […]

The debate about “fake news” has gripped politics since the election of Donald Trump in November and has entered markets as investors spar over a “great rotation” from bonds into stocks. Long predicted by some analysts, expectations of a pronounced rotation out of low-yielding bonds and defensive share sectors into areas of the equity market that prosper from faster economic growth have been heightened by the prospect […]

Rackspace’s senior vice president Jeff Cotten has been promoted to president, the managed cloud company announced Tuesday. Cotten will take on the new role starting February 1. Cotten wil reported directly to CEO Taylor Rhodes, leading Rackspace’s global sales teams and the international business unit. He’ll also oversee Rackspace’s fastest growing new lines of business, including Fanatical Support for AWS and Rackspace Managed Security. Rackspace executive vice […]

Jeremy Corbyn has backed a cap on high earnings as a way to reduce income inequality, as the Labour leader makes a fresh pitch to UK voters. Mr Corbyn told the BBC on Tuesday: “I would like there to be some kind of high earnings cap, quite honestly.” The Labour leader described the UK as a bargain basement economy on the shores of Europe. “We have the […]

Prince Alwaleed: “This transaction marks yet another success for Kingdom’s value realization strategy” 10 January 2017 Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, announces that it has successfully sold its 100% interest in the Mövenpick Hotel Ambassador Accra to QG Africa Hotel LP, a Mauritius-based fund managed by Quantum Global Investments Africa Management Ltd. for a consideration of $100M. The […]

Submitted by Soeren Kern via The Gatestone Institute, Sharia courts administering Islamic justice in Britain are run by clerics who believe some offenders should have their hands chopped off, according to Muslim scholar Elham Manea. She described the prevailing attitude as “totalitarian” and as more backward than some parts of Pakistan. Teaching children fundamental British values is an act of “cultural supremacism,” according to the National Union […]

A man wearing a VR headset experiments with a merged reality experience using Project Alloy at the Intel exhibit during the 2017 Consumer Electronic Show in Las Vegas Virtual reality sought its stride Friday at the Consumer Electronics Show, where despite being a hot topic there was little sign it is racing into mainstream culture. Show floor space devoted to virtual reality abounded with companies diving into […]

The Federal Reserve should be ready to consider reducing the size of its balance sheet as part of its efforts to prevent overheating in the US, a senior policymaker said as he noted the pick-up in wage inflation and predicted a return of inflation to target by the end of the year. Eric Rosengren, the president of the Federal Reserve Bank of Boston, said that if the […]

By Phil Stewart | WASHINGTON WASHINGTON President-elect Donald Trump is finding himself caught between his desire to improve relations with Russia and fellow Republicans who are pushing for a harsher response to what American spy agencies say was the Kremlin’s meddling in the U.S. presidential election. The tacit acknowledgement on Sunday by his incoming chief of staff, Reince Priebus, that Russia was behind the hacking of Democratic […]

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Just in:
Arrow Electronics showcases technologies advancing intelligent robotics, mobility and digital infrastructure // CPI, CPM dispute portrayal of Vayalar uprising leaders // UAE outlines Dh200 billion energy investment at ADIPEC // Winners and losers if a blue wave sweeps US Congress // Use Of Nuclear Weapons Against Iran Could Trigger A Global Chain Reaction // mamun raises US$3 million to finance cross-border trade between the Gulf and Asia // Assembly ruckus trial begins after 11 years // Varsity jobs face quota questions // DIP Holding targets Dh1.12 IPO price and $529m proceeds // Arrow Electronics showcases technologies advancing intelligent robotics, mobility and digital infrastructure // XRG secures agreement for $1.45bn Australian LNG stake // Probe ordered into new bar licences // Bridge Data Centres Appoints New Co-Chief Executive Officer // ADNOC authorises Ruwais Diyab gas development for 2029 // Bank99 launches business accounts through Austrian postal network // Binance SAFU bitcoin holdings halve after security breach // Can Bernie Sanders Ensure Enough Left Representation In New Congress? // America On Edge: November 3 Mid Term Polls Outcome May Weaken Trump // Ondine Capital Announces First Close of Fund III to Drive AI and Semiconductor Innovation // Democrats secure Senate majority after Republican election losses //