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Chinese electronics company Xiaomi witnessed a clear decline in its smartphone profit lately. The company, however, is not afraid of the drop, as it announced it derives its profits from other products aside from smartphones. Furthermore, company executives believe that the regression in its smartphone trade would have no significant negative impact to the company. Despite experiencing a fallback in terms of revenue as of late, Xiaomi […]

JERUSALEM — The Israeli military said it had killed four militants linked to the Islamic State on Sunday after they attacked Israeli forces in the Golan Heights. The confrontation appeared to be the first of its kind between Israel and Islamic State-affiliated forces based in Syria. It was not immediately clear if the militants’ attack was spontaneous or if it signaled a possible change of policy by […]

the UAE’s Ministry of Infrastructure Development (MoID) plans to construct all of its buildings using 3D technology, according to local media. “All of the buildings to be built in the future by the ministry across the UAE will be 3D-printed in line with the national agenda of the country and the UAE 2021 vision,” Munira Abdul Kareem, manager of the Ministry of Infrastructure Development’s Project Execution Department […]

Here are the big questions we are asking at FT Markets into the week when the calendar flips over into December. Will Opec deliver a meaningful production cut? All eyes are on Vienna and Opec’s annual gathering with a keenly awaited decision on production levels. An Opec deal on Wednesday that delivers a concrete supply reduction of at least 1m barrels a day, with non-members such as […]

When Ioan Gornic suddenly starts blasting out 1990s dance hit “No Limits”, the assembled group of about 20 European factory managers shift nervously in their seats and try to avoid eye contact. “Don’t worry, I’m not going to sing,” says the Shenzhen-based general manager for Zobele, an Italian maker of air freshener and insect repellent. “I just want to make the point that the only limits are […]

25 November 2016: Gulf International Bank (GIB) last night revealed its new corporate identity coinciding with the bank’s 40th anniversary celebrations. The unveiling of the new identity was shared with officials at a special ceremony in the Kingdom of Saudi Arabia, Riyadh. The new brand identity reflects the core of the bank’s new strategy and its board’s vision for the bank to be the preferred financial services […]

Etihad Airways has announced an expanded codeshare agreement with Hong Kong Airlines to give air travellers enhanced connections between Australasia, Asia, the Middle East, Europe and North America. The two airlines have obtained regulatory approval to codeshare on nine additional routes, bringing the total number of services in their codeshare agreement to 14, Etihad said in a statement. Under the expanded codeshare agreement, Hong Kong Airlines has […]

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Professor Stephen Hawking, David Coulthard and Lily Cole supported the event that looked into the changing perceptions towards wealth 26 November 2016 Abu Dhabi – UNLIMITED, a new platform powered by UBS, hosted an exclusive event at New York University Campus in Abu Dhabi today that explored changing attitudes towards wealth. UNLIMITED is a content partnership with the aim of deepening and amplifying public understanding of what […]

Johnson & Johnson, the world’s largest healthcare group, confirmed on Friday it is in preliminary discussions with Actelion, Europe’s largest biotechnology company, over a potential deal. Its statement came after days of speculation among investors that J&J had been preparing a bid for Actelion, although the Switzerland-based biotech had earlier warned “there can be no certainty that a transaction will result” from the J&J approach. People close […]

This transcript has been automatically generated and may not be 100% accurate. … three Brooklynn men who were allegedly planning to travel to Syria to join the SS had better rested today … authorities arrested one of the suspects and at John F Kennedy Airport as he was about to board a flight to Turkey … that eleven member countries in Brooklyn and in Florida … greater […]

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,” […]

The dollar broke new ground in its post-US election surge against the yen on Friday as the market eyed a potential ¥3.8tn ($34bn) deluge of yen selling by life insurers.  Tokyo’s morning session saw speculators pushing the dollar into the high ¥113 zone — an eight-month peak and a move that is underpinned by more unwinding of long yen positions built ahead of what big Japanese investors […]

Chinese phone supplier Huawei has supplanted Samsung as the second most profitable smartphone brand globally in Q3 2016. Apple continues to remain atop the list, having enjoyed 91 percent of all smartphone profits this year. Huawei, meanwhile, enjoyed 2.4 percent of the pile, earning an estimated $200 million for smartphone sales during the aforementioned quarter. Huawei Places Second It should come as no surprise that Apple has […]

Vivendi has been pursuing a creeping strategy to takeover Ubisoft by way of its continued acquisition of Ubisoft stocks. The game company’s top executives have so far balked at this bid, stating that Ubisoft will never be the same if the French media conglomerate proved successful. Looming Vivendi Takeover The observers’ consensus is that Vivendi’s hostile takeover is a done deal despite claims that Ubisoft is doing its […]

A declining gold market faces a major challenge as a $3.8bn outflow from exchange traded funds over the past 10 days is seen intensifying the liquidation of holdings by investors. Gold has dropped below $1,200 a troy ounce for the first time since February as ETF outflows have risen to their highest level since July 2015. A stronger dollar, higher US yields and a rallying stock market […]

Tata has replaced Cyrus Mistry as chairman of its steel subsidiary, as it seeks to reassert control over its operating companies in the midst of India’s biggest boardroom battle. In a statement to the Mumbai Stock Exchange, Tata Steel said that “in view of the current situation” its board had voted by a majority to replace Mr Mistry as chairman with immediate effect and elected Mr O […]

Oman’s tourism ministry has signed an agreement with Orascom Development Holding to build a new beachfront city complex. Ahmed bin Nasser Al Mahrizi, Minister of Tourism, signed the deal with Samih Sawaris, chairman of Orascom and Omani tourist firm Muriya, to develop City Walk. Set to be located in North Al Hail, the development comes as part of the continued collaboration between the Ministry and Muriya to […]

BOSTON Activist shareholders plan a record number of resolutions focused on climate change at U.S. company annual meetings in 2017, even as President-elect Donald Trump looks set to loosen environmental regulations. Based on filings so far, U.S. companies are on track to face roughly 200 resolutions on climate matters at their shareholder meetings next year, according to Rob Berridge, who follows the subject for Ceres, a sustainability […]

BEIRUT: Syrian government forces are trying to split opposition-held eastern Aleppo in two in a fierce ground and air assault that is taking a heavy toll on besieged civilians and rebel fighters who are battling hard to stop them, a rebel commander said.Abu Abdelrahman Nour, Aleppo commander of the Jabha Shamiya, one of the biggest groups fighting against President Bashar Assad in northern Syria, called for more […]

Billionaire investor Wilbur Ross, known on Wall Street as the “king of bankruptcy” for his record of buying failing companies, will be tapped as Donald Trump’s commerce secretary, putting an advocate of renegotiating US trade pacts in a key economic post. Mr Ross was a close adviser to Mr Trump during his campaign and helped develop the president-elect’s policies for corporate tax cuts, increased infrastructure spending and […]

By Stanley Carvalho and Agnieszka Flak | ABU DHABI/MILAN ABU DHABI/MILAN Alitalia could cut up to 2,000 jobs as controlling shareholder Etihad Airways pushes for sweeping changes to turn the loss-making airline around, according to sources close to the matter. The Italian carrier may also ground at least 20 planes to cut certain unprofitable routes on domestic and regional services where it is struggling to compete with […]

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 […]

China has become the first country to receive more than 1m patent applications in a single year — a record the World Intellectual Property Organisation said reflected “extraordinary” levels of innovation in the world’s most populous nation.  “[The Chinese] are making innovation a central part of their economic strategy,” Francis Gurry, director-general of the UN agency, said at a briefing in Geneva.  While sceptics have long argued […]

Submitted by Brandon Smith via Alt-Market.com, As I noted in my last article World Suffers From Trump Shellshock – Here’s What Happens Next, there are two primary consequences of a Trump presidency that actually serve globalists and elites in the long run. The first is the consequence of a perfect scapegoat for the economic crisis which the elites have been gestating since 2008.  Trump enters the White […]

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